TaxConnex
JUNE 29, 2023
What a major issue for your remote business these days. Constantly changing regulations. Tens of thousands of tax jurisdictions coast to coast, from the biggest states to the tiniest municipalities and everywhere in between. All wanting you to calculate, collect and remit the precise amount of sales tax if you have nexus there. Can all those tax authorities really all keep up with your obligations?
CPA Practice
JUNE 29, 2023
By Adam Shell, Kiplinger Consumer News Service (TNS) You’ve probably heard of the gender pay gap. But a new report from Bank of America reveals there’s a sizable gender gap when it comes to retirement savings, too. The gap is large enough to put women on notice that a secure retirement isn’t a sure thing unless they start socking away more for their golden years.
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Going Concern
JUNE 29, 2023
Although Big 4 audit fees have increased so much in the last several years clients wrote a strongly worded letter to complain about it , PwC UK told its 25,000 staff last week that things will be tight this year. “Challenging” market conditions mean smaller raises (if they get raises at all) and bonuses. Oh yay. Reports Financial Times : The firm’s junior auditors were told on a webcast last week that the pay band for one cohort would be frozen while others would increase by 3 or 6 p
CPA Practice
JUNE 29, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. The new IRS mailing will go to many California residents and taxpayers in designated disaster areas in other states, including Alabama, Arkansas, Florida, Georgia, Indiana, Mississippi, and Te
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Withum
JUNE 29, 2023
Withum is proud to announce its 2023 New Partner Class. I’m excited to introduce this year’s New Partner Class. To get to this level takes an incredible amount of grit, passion and determination. This group is comprised of dedicated individuals who have a deep understanding of what it takes to succeed and thrive in business and life. The accomplishments of each individual are evidence of a larger trend—that of professionals going above and beyond, never ceasing to learn, create and innovate to b
CPA Practice
JUNE 29, 2023
Ledgible , the leading digital asset tax, accounting, and data platform for Enterprises & Institutions, today announced the company launched its new NFT Suite , a professional offering for NFT portfolio management, tax & accounting tracking, reporting, and year-round planning. This new offering seeks to bolster the growing and thriving NFT space, providing industry-leading tax and accounting software for NFTs and a full-service portfolio and tracking tool for active investors, traders, f
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JUNE 29, 2023
Both KPMG and PwC have been fined by the Financial Reporting Council (FRC) in relation to the statutory audits of the financial statements of Eddie Stobart Logistics plc, a shipping and logistics company based in Warrington, UK. It seems KPMG handed the client off to PwC in 2018 after a breakdown in KPMG’s relationship with ESL management having had a hell of a time obtaining sufficient appropriate audit evidence for the 2017 audit.
Reckon
JUNE 29, 2023
What’s been happening recently in the Australian business landscape? What are the top news stories through June 2023 that may affect your small business? Let’s do a quick recap to keep you up to speed… SMEs expand their interest in generative AI as employees fear job loss According to the latest research by Zoho , SMEs are increasingly warming to generative AI.
inDinero Accounting
JUNE 29, 2023
Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). It is like a complex machine, with many parts that must work together to create an effective system. Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. This comprehensive guide provides an overview of GAAP accrual accounting, highlighting its basic principles, methods for recording transactions, cash versus accrual
ThomsonReuters
JUNE 29, 2023
Managing tax clients isn ’ t always easy. Providing good customer service is essential to growing your tax and accounting practice but, as many professionals have come to realize, dealing with difficult clients can be hard. Some tax clients may be too demanding, disrespectful to staff, or fail to adhere to firm policies and procedures. The problem is that challenging or tough clients can hinder a firm ’ s job performance and profitability, and they can negatively impact staff morale.
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CPA Practice
JUNE 29, 2023
By Ananya Bhattacharya, Quartz (TNS) PwC is selling its scandal-ridden Australian government services business for next to nothing. The consulting firm June 25 announced the sale to Sydney-based private equity firm Allegro Funds for the price of just $1 Australian dollar ($0.67). The deal, which is expected to conclude at the end of July, will give rise to two different businesses, with PwC Australia exiting from all government advisory work, at both the state and federal levels.
Basis 365
JUNE 29, 2023
When managing your company's finances, several roles come into play. Two of the most important roles are the bookkeeper and the controller. But do you need both or can you get by with just one? In this blog, we'll explore the differences between a bookkeeper and a controller and help you determine which role(s) you need for your business. What is a Bookkeeper?
AccountingDepartment
JUNE 29, 2023
Business Process Automation (BPA) is used for operations in production workflows, accounting systems, data management, customer service processes, and even sales funnel coordination. Forms of BPA have become indispensable in industries such as manufacturing, banking, telecom, shipping, stock trading, food production, and many others. NetSuite is a software solution that offers many superior benefits for businesses that make the transition to automated processes.
Xero
JUNE 29, 2023
Established in 2015, Accounts and Legal has always had one mission – to make the lives of business-owners simpler. Guided by three main principles: offering a more than once-a-year service, putting technology at the forefront, and acting as a one-stop-shop for small business support, the firm has gone from strength to strength and has since grown rapidly to now having four offices nationwide across Manchester , London , Liverpool and Brighton.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
MineralTree
JUNE 29, 2023
How Vendor Management Impacts Supply Chains The future of the supply chain remains an uncertainty for many companies. Nearly one out of four companies ( 23% ) are unsure of when their inventory will return to normal levels. The pandemic, war in Ukraine, labor shortages and disputes, and other issues have left companies struggling to stabilize their supply chains.
CPA Practice
JUNE 29, 2023
Salary budgets for U.S. employees are expected to remain high in 2024 as employers become accustomed to ongoing labor market challenges. According to the latest Salary Budget Planning Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, organizations are budgeting an average increase of 4.0% in 2024. Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.
Withum
JUNE 29, 2023
Dear Grandson, How are you? Are you having a good time? I am fine. I’ll see you when camp is over. Love, Grandpa This letter is probably not much different than what my grandparents sent to me when I was in summer camp. One reason is because of the gap in the connection between the family’s oldest and youngest generations. However, many other things have changed and here are some of them.
Accounting Insight
JUNE 29, 2023
It’s a sad fact that accountancy is one of the industries most targeted by cyber-crime. It’s a real problem for firms up and down the country. Indeed, when firms fall victim to a cyber-attack, they can face everything from legal and regulatory penalties, to reputational damage, and client distrust. On top of this, they can incur financial losses, which can be particularly severe: according the Cyber Resilience Centre, accountancy firms could lose as much as £15,300 in costs due to lost data or a
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
Insightful Accountant
JUNE 29, 2023
The powerful new tool is designed to automate processes, simplify workflow and provide valuable insights.
DMCL
JUNE 29, 2023
The choice to pursue a CPA designation is not one to be made lightly. If you’re considering a career as a professional accountant, you likely already understand that the road to receiving your designation is long, intensive and marked by many important decisions. What you may not know, however, is that choosing your CPA career path is just as important of a decision as choosing to pursue a CPA designation in the first place.
CPA Practice
JUNE 29, 2023
Key O’Keefe, CPA, began her tenure as the 96 th Chair of the Florida Institute of Certified Public Accountants on July 1, 2023. “I am honored to serve as Chair of this great organization, and I am proud to give back to the profession that has given me so much,” O’Keefe, Managing Partner at O’Keefe, Somerville and Associates, PLLC, said. “I sincerely believe in the mission and vision of the FICPA, and I am passionate about sharing the story of our profession.
LSLCPAs
JUNE 29, 2023
“They” are lurking out there, just waiting for an opportunity to make money at your organization. Who are “they”? They’re not the prospective workforce; they’re fraudsters! Unfortunately, fraud has seen massive growth in the last few years. The lingering effects of COVID-19, supply chain issues, and increased dependence on technology—combined with advanced new and innovative.
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Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
CPA Practice
JUNE 29, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Use the podcast player below to listen. (Transcript is below the podcast player.) Podcast Transcript (Add apx 10 seconds to time stamps due to intro.) Randy Johnston 00:03 Well, good day. Welcome to Technology Lab. I’m Randy Johnston with my co host, Brian Tankersley.
Dent Moses
JUNE 29, 2023
IRS audit rates remain historically low. According to the 2022 General Accounting Office,25% of all individual returns were audited in 2019 versus.90% in 2020. Letters for matching errors or return discrepancies are much more common. So how does the IRS check returns and decide who gets a letter or audit? IRS Matching Program The IRS has a matching program.
Menzies
JUNE 29, 2023
Menzies LLP - A leading chartered accountancy firm. Investing in cryptoassets is becoming more commonplace, but only 42% of crypto owners were aware there might be tax to pay when using crypto in a survey commissioned by HMRC in 2022. Even when taxpayers are aware a liability might exist, it’s not always clear which tax is chargeable. What counts as a taxable event?
Insightful Accountant
JUNE 29, 2023
With the introduciton of its Instead and Instead Pro solutions, the software and solutions company is providing an unprecedented ability for businesses and accountants to manage and optimize R&D tax credits.
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CPA Practice
JUNE 29, 2023
Salesforce has introduced its new SASB Report Builder. The latest addition to Net Zero Cloud , this new feature empowers organizations to automate the disclosure of environmental, social, and governance (ESG) data in alignment with Sustainability Accounting Standards Board (SASB) Standards, which identify ESG issues most relevant to financial performance and enterprise value.
Wellers Accounting
JUNE 29, 2023
Adventurer, entrepreneur, & motivational speaker, Caspar Craven, guest blogs on building a thriving team in a changing world.
CPA Practice
JUNE 29, 2023
Suttle & Stalnaker, West Virginia’s largest locally owned CPA firm, has merged with Huntington-based Somerville & Company, PLLC, effective August 1, 2023. The combination of the strength of both firms will enhance the support of and service offerings to local businesses and organizations. The merger reflects Suttle & Stalnaker’s unwavering commitment to fostering West Virginia’s economic growth.
ThomsonReuters
JUNE 29, 2023
How’s your accounting firm? Like any company, your firm faces daily accounting problems that are part of normal operations : staffing, client acquisition, cash flow, and profit management. But as part of the accounting industry, your firm encounters unique challenges based on the services you provide. Read on to learn more about the top five accounting challenges and how to proactively prepare for them.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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