GrowthForceBlog
MAY 19, 2023
7 min read The primary reason people start businesses is to make money. Key Takeaways Why Driving Profits Is So Important Now: Profits are becoming increasingly important due to uncertainty in the economy. Employee turnover of the Great Resignation remains high, inflation is high, unemployment is on the rise… Maximized Productivity: The most expensive resource in your business is also the most finite: time.
MyIRSRelief
MAY 19, 2023
New York is known for being a hub of commerce, culture, and innovation, attracting businesses and individuals from all over the world. With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems.
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CPA Practice
MAY 19, 2023
The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block. In a report the agency submitted to Congress on Tuesday, as required by the Inflation Reduction Act, the IRS said it evaluated the feasibility of providing taxpayers with the option of a free, voluntary, IRS-run electronic filing system, which is being called “Direct File.
Going Concern
MAY 19, 2023
Satirist Mark Humphries has given us the closest thing we’ll get to an apology from PwC for their part in shattering the public trust and slandering the good name of professional services. A message from PwC pic.twitter.com/3DoR61BheQ — Mark Humphries (@markhumphries) May 18, 2023 The skit ran on the Australian Broadcasting Corporation’s evening news and said Humphries in a tweet , “I’d wager the ABC legal department spent more time considering the legal risks of this sketch th
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.
CPA Practice
MAY 19, 2023
By Katherine Rodriguez, nj.com (TNS) Social Security recipients will likely see a smaller cost-of-living adjustment, or COLA, that comes with their benefits for 2024, according to a new study. A study by advocacy group The Senior Citizens League’s estimated the COLA for next year and found it was far lower than this year’s 8.7%. In October 2022, the COLA for 2023 was a record increase and the highest ever in four decades.
Going Concern
MAY 19, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [ GC ] Benjamin Wann, CMA, CSCA, MBA, PMP, CPA wrote a little something about the thing we all love to hate.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
MAY 19, 2023
Contributors: Dan Hulen, Director of IT and Managed Services | Chris Martin, Senior Manager of IT and Managed Services When faced with challenges in managed services and moving to the cloud, Thom Child and Family Services turned to Cherry Bekaert’s Digital Advisory. The result: a dynamic partnership, enhanced security, collaboration and performance.
Randal DeHart
MAY 19, 2023
Sales and profit are two very different things – as a construction business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that solid cash flows from sales deliver little profit. A cash flow forecast tracks cash flowing in and out of your business. The timing of these flows enables you to identify cash-rich and cash-lean periods.
Accounting Insight
MAY 19, 2023
Cloud accounting business iplicit has signed accounting industry heavyweight, Damon Anderson, to help shape the growth of its partnership channels, as he did previously with Xero. Anderson has become a strategic advisor to the rapidly expanding cloud accounting software provider, with a consulting role, which includes the creation of an advisory board to help steer iplicit’s partnership programme for accountancy practices.
Withum
MAY 19, 2023
On May 8, 2023, Governor Phil Murphy signed into law A3946 , which effectively decoupled New Jersey from Federal Internal Revenue Code (“IRC”) section 280E. The bill, which has been making its way through the New Jersey legislature since May 12, 2022, states, “For cannabis licensees, New Jersey gross income under subsections b. and k. of N.J.S.54A:5-1 shall be determined without regard to section 280E of the Internal Revenue Code.” This section is intended to apply to all cannabis li
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Going Concern
MAY 19, 2023
Of all the occupations most at risk of being replaced by synths AI in the near future — bookkeepers, programmers, and washed-up accounting blog writers, to name a few — no one really talks about how ChatGPT, Bard, and Microsoft’s Bing AI (if you’re counting that one) will impact scammers. You know, those people who impersonate IRS and FBI agents and implore you to pay their fake fines in Google Play cards.
CPA Practice
MAY 19, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA discuss the built-in artificial intelligence options in Microsoft’s products. Click here to visit the podcast page.
Withum
MAY 19, 2023
Begin Your ISO 27001 Certification Journey and Protect Your Business Today Download Guide In a world driven by technology, the security of your sensitive information has never been more critical. To address the risks posed by cyber threats, organizations across the globe are adopting a variety of policies, procedures and security frameworks like the ISO 27001 framework.
Dent Moses
MAY 19, 2023
In December 2022, Congress passed a giant omnibus budget bill that included the Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 (“SECURE 2.0”). Secure 2.0 contains numerous provisions related to individual and employer-sponsored retirement plans. Let’s examine a few of the key provisions. Age Increased for Required Minimum Distributions The age used to determine required minimum distributions increases in two stages – from 72 to 73 for those who turn age 72 after 2022, and
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.
Menzies
MAY 19, 2023
Menzies LLP - A leading chartered accountancy firm. Every organisation requires a strong plan to ensure its success and most business owners know that staying focused is vital to be able to deliver the long-term objectives. However, this has been difficult for many small and medium-sized businesses to achieve in recent times, and short-term demands have risen to the top of the decision-making agenda.
Accounting Insight
MAY 19, 2023
Accounting software specialist, Bright, has launched its new cloud tax and compliance product at Accountex 2023. In response to the increasing surge in businesses migrating to the cloud, its new software will match the engine and support that drives award-winning BTCSoftware for desktop with a streamlined and efficient interface to create a new tax and accounts product for UK accountants.
Menzies
MAY 19, 2023
Menzies LLP - A leading chartered accountancy firm. The UK tax system is designed in such way as to provide the taxpayer with important safeguards. One of the most important restrictions over HMRC’s powers concerns their ability to assess historic liabilities they believe to be due, in years where they would be out of time to open an enquiry. To balance HMRC’s power to raise an assessment with protecting the taxpayer, specific time limits are imposed on HMRC to raise an assessment for a loss of
CPA Practice
MAY 19, 2023
May 2023 It’s hard to believe that this year is almost halfway gone, and some of our most important projects for helping our team and improving the tools we use are just now getting started. Technology tools for your firm’s stack continue to improve and innovate. But how do you determine what is fact and what is hype? Please check out our podcast coverage of tools at The Technology Lab.
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
CPA Practice
MAY 19, 2023
By Sabrina Eaton, cleveland.com (TNS) Sen. Sherrod Brown wants to tweak a controversial upcoming tax rule that would require third-party payment platforms to issue 1099-K forms to small business owners and entrepreneurs who have at least $600 in sales. The Cleveland Democrat on Thursday introduced legislation called the Red Tape Reduction Act with Sen.
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