Wed.Nov 29, 2023

article thumbnail

The Importance of Risk Management in SMB Spending

AccountingDepartment

As a business owner or CEO, spending money is part and parcel of running a successful enterprise. As you grow your business, you will find yourself spending more and more money on various expenditures.

article thumbnail

AP automation best practices for 2024 and beyond.

Airbase

Implementing accounts payable best practices can help your organization reduce risk, save time and money, foster strong vendor relationships, and create a better spend culture. You can better identify the best AP automation solution for your organization by following accounts payable best practices. Table of Contents FirstHeading Finding a system to support accounts payable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PwC Canada’s Sneaky Layoffs: ‘Leadership Lacks Empathy and Transparency’

Going Concern

Earlier this month a tipster pointed us to this November 8 article by Samfiru Tumarkin LLP, a Canadian law firm specializing in employment, labor, and disability law: PwC laying off hundreds of workers, Canadians affected. The article referenced layoffs at both the King’s and down under PwC (UK and Australia), both of which had been mentioned all over the media including here.

Legal 119
article thumbnail

The Essentials of Beneficial Ownership Reporting

Withum

Beginning January 1, 2024, the Corporate Transparency Act requires certain businesses to submit an online report to the Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Treasury Department. The report will require affected businesses to provide personal information about their legal entities, beneficial owners, and company applicants.

Legal 116
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

FinCEN extends deadline for new companies to file beneficial ownership reports

Accounting Today

The Treasury Department's Financial Crimes Enforcement Network is pushing back the deadline for new companies, but not old ones.

Account 129
article thumbnail

5 Ways to Gift Yourself Tax Savings This Holiday Season

CPA Practice

The hustle and bustle of the holiday season is upon us, and while you’re likely busy hunting for the perfect gifts for your loved ones, don’t forget that you can gift yourself something too—a tax break. With the end of the year quickly approaching, now’s the time to make important year-end money moves that could gift you a smaller tax bill, bigger tax refund, or a better overall financial position in the year ahead.

Tax 108

More Trending

article thumbnail

2023 Year-End Tax Planning Checklist for Individuals

Cherry Bekaert

Prepare for the 2023 tax season with our comprehensive tax planning checklist for individuals. Expert advice on life changes, investments, IRAs, and estate planning. Questions to Begin 2023 Planning Have you experienced: Significant life changes during this year: married, divorced, retired, moved, changed job, new babies or kids graduated from college?

article thumbnail

Appletree Business Services Awarded 2023 Clutch Global and Clutch Champion Awards

Steve Feinberg

At Appletree Business Services, everything we do is for our clients—from bookkeeping to payroll and more. And while hearing their feedback is more than enough for us, it’s always nice when our services are recognized by the wider industry. That’s why we’re proud to announce that Appletree is the recipient of the Clutch Global and Clutch Champion awards for 2023 in recognition of our commitment to excellence in the small business accounting services field.

article thumbnail

Managing Personal Finances for Adult Children with Disabilities

CPA Practice

By Mary Anne Ehlert, CFP. Improved medical care, educational interventions and community services have given individuals with disabilities a better quality of life and longer lifespans. It’s not unusual for people with Down syndrome to live into their 60s and those with cerebral palsy to reach 50 years in age. The situation is complicated by refinements in diagnoses of developmental disabilities such as autism.

Finance 98
article thumbnail

Is your tax department spending more time and money because of audits?

ThomsonReuters

Most tax professionals know that dealing with forces beyond their control—and the costly disruptions they cause—is a way of life. Unfortunately, many tax departments are feeling a strain on their resources as a result of these events. This, in turn, puts tax departments at greater risk for even more audits and stiffer penalties. This trend has been especially true during the past five years, and is sure to continue in the years ahead. “We are living in the environment where every day we ar

audit 98
article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

No Matter the Business, Certain Principles Apply

CPA Practice

By Izzy Kharasch. Since starting my consulting business, Hospitality Works, in 1987, I’ve helped turn fortunes around for many restaurants all across the nation. And I have come to realize something: Most of what I’ve learned about the restaurant business can be applied to almost any business in almost any industry. As a financial professional, you probably have among your clients business owners, would-be business owners and investors in various enterprises (even including restaurants).

article thumbnail

Ascend adds Wilson Lewis in Atlanta

Accounting Today

The acquisition of Wilson Lewis takes private-equity-backed platform Ascend over $100 million in revenue.

121
121
article thumbnail

Everything You Need to Know About Beneficial Ownership Reporting

Withum

Beginning January 1, 2024, the Corporate Transparency Act requires certain businesses to submit an online report to the Financial Crimes Enforcement Network (FinCEN), an arm of the U.S. Treasury Department. The report will require affected businesses to provide personal information about their legal entities, beneficial owners, and company applicants.

Legal 91
article thumbnail

This year in Vendor Spotlights: Cloud, automation, AI and more

Accounting Today

Over the course of 34 Vendor Spotlights in 2023, we have seen many companies promote their capacities in cloud computing, automation and artificial intelligence.

article thumbnail

Planning Your Restaurant's Path to Profitability

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.

article thumbnail

Exploring the Synergy of Trade Gecko's Dynamic Features with QuickBooks Online and QuickBooks Online Advanced

Insightful Accountant

Discover the latest advancements in QuickBooks Online and QuickBooks Online Advanced as we delve into the integration of Trade Gecko's powerful features!

article thumbnail

AuditClub rebrands as CPAClub

Accounting Today

The company has added outsourced tax and advisory services for CPA firms as part of the renaming.

cpa firm 109
article thumbnail

Xero Introduces New Automated Sales Tax

Insightful Accountant

Xero has teamed up with Avalara to offer a new automated sales tax functionality when Xero users make us of the new Xero Invoice feature.

Sales 93
article thumbnail

How Skagit County Businesses Can Navigate Mistaken ERC Claims

SkagitCountyTaxServices

Anyone else jump on all those great online Black Friday deals this year? There were a bunch. But, if you chose an online purchase because of the ease of returning said item, you might want to check the return policy. Looks like quite a few retailers are charging for online returns now. Puts a bit of a damper on the gift-giving, especially if the recipient is difficult to please.

payroll 70
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

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

article thumbnail

Government Shutdown Would Mean ‘Dire Consequences’ to Taxpayers and Practitioners, Says AICPA to Treasury Threateningly

Going Concern

While some may think the AICPA’s only purpose is blocking attempts to change CPA licensure rules for the better and distributing discount insurance offers to its members, there’s another important side to their work: advocacy. This often comes in the form of memos, interviews, or strongly worded letters addressed to whomever is in need of a little slapping around.

article thumbnail

Without accountability, DEI initiatives will fail

Accounting Today

Plante Moran separated its culture and DEI metrics to more accurately measure the firm's diversity journey.

Account 89
article thumbnail

State CPA Societies in Action: Pennsylvania Institute of CPAs

CPA Practice

Founded in 1897, the Pennsylvania Institute of Certified Public Accountants (PICPA) is the second-oldest CPA organization in the U.S. PICPA actively supports both current and future CPAs, providing educational opportunities, networking, and volunteer opportunities. PICPA also serves as the voice of the CPA profession through advocacy efforts in the state legislature. [ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional

article thumbnail

The Importance of Monitoring Job Costs for Service-based Businesses

Insightful Accountant

The practice of job costing allows businesses to track and manage their expenses on a project-by-project basis, ensuring profitability and facilitating strategic decision making.

52
article thumbnail

Recruit and Retain New Blue-Collar Talent

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.

article thumbnail

Professionals on the Move – Nov. 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications.

article thumbnail

The Importance of Monitoring Job Costs for Service-based Businesses

Insightful Accountant

The practice of job costing allows businesses to track and manage their expenses on a project-by-project basis, ensuring profitability and facilitating strategic decision making.

52
article thumbnail

NDH Advisors Acquires Kansas CPA Firm Stratus Group

CPA Practice

Chicago-based accounting firm NDH Advisors has acquired Leawood, KS-based tax and accounting firm Stratus Group. Terms of the deal were not disclosed. Dallas private-equity firm Unity Partners acquired NDH last May , providing the accounting firm with capital, strategic, and operational support as NDH looks to expand through organic growth and strategic acquisitions.

Kansas 52
article thumbnail

Don't Miss Murph and Liz Together Again for Our Next QB Talks

Insightful Accountant

Murph will host Liz Scott for December's QB Talks focusing on QuickBooks Online at Year-end. This informational hour will be Wednesday December 13, 2023 at 2:00 PM Eastern time.

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

article thumbnail

AuditClub Rebrands as CPAClub and Adds New Tax and Advisory Solutions

CPA Practice

As a lead-up to the upcoming 2024 tax season, AuditClub said on Wednesday it has added tax and advisory solutions—and has rebranded to CPAClub. Founded last year and led by former audit partners with Big Four, regional, and local firm experience, the Irvine, CA-based company launched an auditors-as-a-service model to provide outsourced audit and assurance services for CPA firms that may not have the in-house talent or expertise to deliver these services efficiently and effectively.

article thumbnail

Study shows Automation Putting Accounting on the Right Path

Insightful Accountant

A study undertaken by ShareFile is challenging assumptions made about the industry. Notably 96% of accountants view automation in accounting as important, and 51% consider it very important.

Account 52
article thumbnail

NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC

CPA Practice

On December 11-12, the NYU 42 nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business , will take place at the Westin New York at Times Square. The event is designed to deliver high-level updates, practical advice, and in-depth analysis of the latest developments and current issues in all areas of state and local taxation, including: State and local taxation from a national perspective Professional challenges and ethical

article thumbnail

6 Year-End Tax Planning Tips for 2023

Shay CPA

As the year wraps up, it’s time to start making that list and checking it twice. No, it’s not your holiday gift list. It’s your year-end tax planning to-dos. Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s income, payroll, sales, and foreign taxes.

article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.