Wed.Dec 06, 2023

article thumbnail

How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. In some instances, the client relationships formed and the process itself can have a lasting impact; which enables the business to make choices which could lead them to a much more profitable future.

audit 52
article thumbnail

Streamlining procurement processes: A case study with Airbase and Doximity.

Airbase

From controlling costs to ensuring compliance, the procurement function is crucial to an organization’s financial health. But despite procurement’s importance, many companies struggle to implement processes with the right balance between control and efficiency. This balance is especially challenging for companies who don’t have a dedicated procurement team, but still need strong control over and clear visibility into all spending.

NetSuite 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Investing in Crypto: A Conversation With Matthew Walsh of Castle Island Ventures

Withum

In this episode of Cryptonomix, Mark Eckerle and Matthew Walsh, Founding Partner at Castle Island Ventures, cover the developments in the crypto space over the past year, Castle Island's investment preferences, valuable insights for other venture capital firms, best practices for companies seeking financing, and a preview of the upcoming year.

Finance 116
article thumbnail

WHO calls for higher taxes on alcohol and sugary drinks

Accounting Today

The World Health Organization said raising excise taxes on alcohol and sweetened beverages is the most effective way to reduce consumption while generating revenue.

Tax 118
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

Research: Big 4 Dads Still Aren’t Embracing Paternity Leave

Going Concern

TLDR summary of this article from ChatGPT: Big 4 accounting firms introduced paternity leave in 2006, but a recent study finds that many fathers, especially in high-pressure environments like audit firms, hesitate to take advantage of it. The study, based on interviews with 13 men in French audit firms, reveals that fathers view leaves as incompatible with their professional commitments and perceive less support compared to mothers.

audit 113
article thumbnail

IRS disallows 20K Employee Retention Credit claims amid crackdown

Accounting Today

The Internal Revenue Service is continuing to combat scammers and promoters encouraging businesses to file claims for the pandemic tax credit.

Tax 127

More Trending

article thumbnail

How the “Wild West” of Tax Preparation Led to Massive ERC Issues

ThomsonReuters

The Employee Retention Credit (ERC) emerged as a lifeline for many companies during the COVID-19 pandemic, incentivizing them to retain their employees and navigate through the financial turmoil. However, while the ERC served as a valuable support mechanism, it has also raised concerns about abuse when it comes to accurate claims for the credit. James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC

article thumbnail

Private sector added 103K jobs in November as wages grew

Accounting Today

Annual pay rose 5.6% year-over-year, payroll giant ADP reported, seeing signs of a hiring slowdown for next year.

payroll 110
article thumbnail

Thanks for coming along to the New Zealand Roadshow 2023

Xero

As we wrap up the 2023 Xero New Zealand’s Roadshow , we want to reflect on the success of what was our largest Roadshow in the Asia-Pacific region. Starting in Dunedin this October, we travelled across Aotearoa New Zealand, making stops in Christchurch, Wellington, and Hamilton, before finishing in Auckland; amounting to 10 hours and 30 minutes travelled by each Roadshow member.

article thumbnail

Murph and Liz Together for Our December 13th QB Talks

Insightful Accountant

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

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

AICPA proposes framework for stablecoins

Accounting Today

The AICPA has proposed a framework for disclosures related to asset-backed cryptocurrencies, often called stablecoins, centered mainly on an issuer's assets versus outstanding tokens for them.

Maine 84
article thumbnail

Home Office Accountable Plan

Summit CPA

Dave Danic, Director of Tax at Summit Virtual CFO by Anders, has an update about home office accountable plans.

Account 94
article thumbnail

How to successfully adopt after-action reviews as a CPA

Accounting Today

Every service-based company — especially a CPA firm — needs to find a way to make after-action reviews a standard practice.

CPA 87
article thumbnail

Murph and Liz Together for Our December 13th QB Talks

Insightful Accountant

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

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

Swiss bank Pictet to pay $123M to end US tax case

Accounting Today

Federal prosecutors charged Pictet with conspiring to help taxpayers use 1,637 accounts to conceal assets and income from the IRS between 2008 and 2014.

Tax 70
article thumbnail

Exploring the drawbacks of Limited Company status for landlords

Menzies

Menzies LLP - A leading chartered accountancy firm. Landlords have been significantly impacted by the implementation of Section 24 of the Finance Act 2015 and this has prompted a search for effective ways to mitigate the increased tax burden that many landlords now face. As landlords navigate ongoing tax challenges, there has been an increase in tax-saving schemes, such as the “Less Tax for Landlords” hybrid partnership scheme and similar solutions suggested by advisors.

article thumbnail

Bonus Vendor Spotlight: TaxBit

Accounting Today

In this truly last Vendor Spotlight of 2023, we talk to Aaron Jacob, head of accounting solutions at TaxBit.

Account 79
article thumbnail

Zoomers Have Figured Out Early That Being a Manager Sucks

Going Concern

It seems Gen Z wants nothing to do with the management hamster wheel. Good for them. Business Insider shares the story of a few young people who took one look at the management suite and said eff that. Including this young millennial who didn’t want her job to find out she was talking s**t to business rags about it: Wendy, 28, who isn’t sharing her surname to keep her workplace from identifying her, told Business Insider the apparent promotion was pitched to her as an opportunity.

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

Taxpayers in Swiss City can settle bills with Bitcoin, Tether

Accounting Today

The Swiss city of Lugano started to accept cryptocurrencies for paying taxes, fines and all other invoices from the municipality.

Tax 70
article thumbnail

On-Demand Webinar: Microsoft Ignite 2023: Big News and Key Takeaways

Withum

Are you in the know about all the groundbreaking new products and important updates to Microsoft Cloud technology announced at this year’s Microsoft Ignite conference? Join us for a post-Microsoft Ignite debrief webinar, where we unpack the latest developments, innovations and strategic insights unveiled during this year’s most anticipated technology event.

article thumbnail

M&A roundup: BDO, Sikich and other firms expand

Accounting Today

BDO USA adds Flintech Holdings and Dynamics Beyond; Sikich acquires Golden Trail Advisers; BMSS Advisors & CPAs merges in Haddox Reid Eubank Betts PLLC; REDW adds Grove, Mueller & Swank; Dean Dorton merges in VonLehman; Eide Bailly adds RBTK; Savant Wealth Management acquires Peay & Associates and SwaimBrown Wealth Management; LGA merges in Sullivan; Ryan acquires Morrison & Head; and Hannis T.

cpas 58
article thumbnail

Standardizing Workflows for Improved Team Performance

IgniteSpot

Often, companies only look to new software to improve team performance and efficiency. While technology can help streamline operations, standardized workflows and processes are critical for organization-wide alignment. Before implementing new software, document and optimize your team’s workflows first.

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

What is FRS 101?

Menzies

Menzies LLP - A leading chartered accountancy firm. FRS 101 is a framework that allows qualifying subsidiaries to benefit from a reduced disclosure requirement in their individual financial statements. This means that these entities can provide less information in their financial statements, while still complying with accounting standards. The reduced disclosure framework is available to subsidiaries that meet certain criteria, and it can help to simplify the financial reporting process for thes

article thumbnail

Hiring Employees and Contractors in the U.S. and Abroad: Tax Considerations & Software Solutions

Shay CPA

A good team is the backbone of any thriving company. And the rise of technology has made it easier than ever before to expand your hiring pool well outside the boundaries of your city or even your state. Before you seek out the best and the brightest, though, make sure you have a payment plan. That, of course, means paying the employee or contractor.

Tax 52
article thumbnail

California’s Climate Disclosure Laws Are Coming: What it Means for Your Company and How it Can Be a Competitive Advantage

Cherry Bekaert

Our Cherry Bekaert leaders will discuss the new California laws that force carbon emissions disclosures upon national and international firms. Although reporting isn’t set to begin until 2025, companies should begin planning for this now. Join us as we discuss the details of the reporting requirements, key challenges, and what is yet to be defined. We’ll also compare these requirements to other public and private regulatory bodies, identifying efficiencies and opportunities for your organization

article thumbnail

How to Raise Prices on Legacy Clients

Ryan Lazanis

One of the most challenging moves in any business is raising prices for legacy clients. Find out why and how to navigate this tricky aspect.

Account 52
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

Introduction to Alteryx Designer for Data Preparation & Analytics

Cherry Bekaert

Alteryx allows users to model disparate data sources to support firm-wide analytics and decision making. The Alteryx Designer provides users a powerful drag and drop canvas environment to easily connect to and shape data together while documenting each step in the process for further automation and reusability. Questions? Contact Us The post Introduction to Alteryx Designer for Data Preparation & Analytics appeared first on Cherry Bekaert.

52
article thumbnail

Live CPE Conference Underway – Ensuring Success

CPA Practice

The 10th annual Ensuring Success CPE conference is now underway at www.ensuringsuccess.com/watch-2023. Accounting and tax pros can view this live, streaming CPE conference from their own office. Today’s 7 CPE sessions include tax ethics, firm management, small firm strategies for tax credits, 2023-24 tax season issues, digital assets, firm branding/marketing, and AI for accountants.

Tax 59
article thumbnail

People In The News This Week

Insightful Accountant

Both Centri Business Consulting and Docyt have announced major leadership enhancements this week.

52
article thumbnail

Five Charitable Giving Strategies

CPA Practice

By Marguerita M. Cheng, CFP, RICP, Kiplinger Consumer News Service (TNS) Millions of people give to charity to support various causes that have had a positive effect on their lives, their loved ones and their communities. According to the National Philanthropic Trust, Americans donated $499.33 billion in 2022. Individuals formed the largest source of charitable giving, which amounted to $319.04 billion, representing 64% of the overall donations.

Tax 52
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.