Tue.Oct 17, 2023

article thumbnail

Measuring Your Startup’s CAC Payback Period

BurklandAssociates

VCs and growth-oriented startups are focusing on CAC payback period as one of the best measures of growth efficiency and potential profitability. The post Measuring Your Startup’s CAC Payback Period appeared first on Burkland.

162
162
article thumbnail

IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 140
Insiders

Sign Up for our Newsletter

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

article thumbnail

The 2023 AICPA Trends Report Shows Things Are Looking Up For Accounting Grad Numbers! JK They Suck

Going Concern

The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. There’s a ton to dig into, while we’re doing that here’s a taste. This is all anyone cares about anyway right? Says the AICPA, bachelor’s degree completions in accounting dropped 7.8% from 2021–2022 after steady decline of 1-3% per year since 2015–16.

article thumbnail

Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

Account 131
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

IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

CPA Practice

Thirteen states have agreed to participate in a trial run of the IRS’s free online return filing system, called Direct File, during the 2024 tax season, the agency said on Tuesday. Danny Werfel “This is a critical step forward for this innovative effort that will test the feasibility of providing taxpayers a new option to file their returns for free directly with the IRS,” IRS Commissioner Danny Werfel said in a statement on Oct. 17.

article thumbnail

U.S. companies to face digital services taxes, Yellen says

Accounting Today

Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.

Tax 114

More Trending

article thumbnail

NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

NetSuite 100
article thumbnail

U.S. Businesses are Improving on Pay Transparency

CPA Practice

A majority of U.S. organizations are communicating pay information to their employees, according to a new survey by global advisory, broking and solutions company WTW. The 2023 Pay Transparency Survey found that increasing regulatory requirements are encouraging organizations to communicate their organization’s broader pay policy. However, barriers to pay transparency remain as employers fear increasing questions and are concerned about their effectiveness in educating their workforce on this co

Education 111
article thumbnail

The Future of Legal Workforce: Human Talent, AI and New Technology

Cherry Bekaert

How AI & New Technologies Are Changing the Game As legal technology advances, law firms are becoming more efficient and improving client experiences. However, this also raises concerns about the future role of human talent in law firms. The legal workforce’s roles are changing due to established systems like cloud storage and newer innovations like generative AI.

Legal 98
article thumbnail

Taxpayer Interest in IRS’s Direct File Program May Have Been Exaggerated

CPA Practice

Last May the IRS announced that it would be piloting a free, government-provided online tax filing option called Direct File next year after a feasibility study concluded that the agency was technically capable of providing this type of tool to taxpayers and that there was interest among taxpayers in using an IRS-provided program to prepare and file their taxes.

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

New IRS group intensifies enforcement efforts

Accounting Today

The wealthiest 1% of taxpayers may soon find themselves in the crosshairs of an expert group of agents.

audit 120
article thumbnail

Retail Sales Grew in September, But Core Year-Over-Year Gains Are Slowing

CPA Practice

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” NRF President and CEO Matthew Shay said.

Sales 106
article thumbnail

2023 Xero Awards Canada Winners

Xero

Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

article thumbnail

American Living in Monaco Pleads Guilty to $5.1 Million IRS Tax Evasion

CPA Practice

A U.S. citizen residing in the Principality of Monaco has pleaded guilty to tax evasion for concealing from the IRS over $5,130,000 in income derived from a real estate transaction and securities investments in offshore bank accounts. According to court documents and statements made in court, Stephen L. Schechter was a licensed U.S. investment banker, U.K. corporate finance advisor and owner and operator of a U.S.

Tax 98
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

Layoff Watch ’23: KPMG UK Is Laying Off 6 Percent of Its Deal Advisory People

Going Concern

Media across the pond is reporting this morning that KPMG UK is laying off about 6% of its deal advisory people, 110 employees according to City A.M. The remaining 1700 or so deals folks have been informed not to expect any raises this year. Said a KPMG spokesperson to City A.M. : “A challenging economic environment has driven a softening in a number of markets, including the deals market.

73
article thumbnail

Prepare Your Practice: Key Considerations for the Impact of Upcoming 2024 Time-Based Split Billing

Withum

On November 1, 2022, the Centers for Medicare & Medicaid Services (CMS) released its finalized 2023 Medicare Physician Fee Schedule (MPFS) final rule. Among other critical updates summarized by CMS, the 2023 MPFS includes a reduction in the conversion factor from $34.6062 to $33.0607, reflecting the expiration of the temporary 3% supplemental increase in fee schedule payments for CY 2022.

article thumbnail

IRS proposes to change rules for sales of seized property

Accounting Today

IRS proposes to change tax rules for sales of seized property

Sales 117
article thumbnail

What type of service guarantees do accountants offer?

Mark Lee

Let’s be realistic. If you did some work for a client but they weren’t happy because you made a big mess of it, would you insist on charging them extra to correct your mistake? I hope you wouldn’t even consider trying to charge extra to resolve a mistake of your own making. To my mind this is the start of a service guarantee. And it’s the sort of thing, which, if promised up front, can help generate confidence from prospective clients.

Account 94
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

Client gifts that always deliver

Accounting Today

Don't underestimate the power of sending something that's tangible in this digital age — something that someone can hold and touch.

75
article thumbnail

What’s New from Microsoft Power Platform Conference 2023? Power Automate: Copilot and Other Updates 

Withum

Last week, I had the privilege of attending the 2023 Microsoft Power Platform Conference in Las Vegas, Nevada. The conference was a huge event that brought the Power Platform community together from across the globe to discuss upcoming news and the future of the Power Platform. This year, the event’s overall theme focused heavily on Microsoft Copilot, which will be generally available for enterprise customers on November 1, 2023.

article thumbnail

Menopause at Work

Menzies

Menzies LLP - A leading chartered accountancy firm. Nicky Purnell , Marketing Director, Jodie Watling , Director, Wealth Management, and Penny Hitch , Manager discuss all things menopause and how to cope in the workplace. The speakers discuss multiple topics such as personal top tips and small changes your workplace could make to create a huge difference.

article thumbnail

Benefits of Matching Financial and Non-Financial Data

Withum

Healthcare-related not-for-profits have a myriad of different funding sources that support operations. These can come in the form of contributions, program service revenue, and governmental grants. With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency.

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

Avalara Expands Partnership with Oracle NetSuite to Deliver Integrated E-Invoicing Solution

CPA Practice

Avalara, Inc. , a provider of cloud-based tax compliance automation for organizations of all sizes, is partnering with Oracle NetSuite to help customers to streamline invoicing even more within NetSuite. NetSuite Electronic Invoicing, which is powered by Avalara, will allow organizations to increase efficiency, reduce costs, and address compliance with global e-invoicing mandates.

article thumbnail

Outsourced Accounting Services: A Game-Changer for Your Business

LSLCPAs

Outsourcing accounting services has proven to be a game-changer for many companies. Beyond streamlining accounting processes, it offers numerous benefits that go beyond having an in-house person or a small team managing everything. Let’s delve into what you can expect from outsourced accounting services at the CFO and Controller level, along with specific examples of.

Gaming 59
article thumbnail

Do we need to register the business for VAT?

Inform Accounting

If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold is set at £85,000.

Tax 52
article thumbnail

2023 Not-for-Profit Speaker Series: Cost and Revenue Analytics: Determining the Right Model for You

Cherry Bekaert

Cost and revenue analytics have a variety of uses in higher education from determining the economics of new academic programs and supporting the budgeting and planning process, to strategic resource allocation, administrative program review, and even campus master planning. This presentation outlines cost and revenue modeling and analytics as it applies to higher education.

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

Oracle NetSuite Embeds Generative AI within the Suite

Insightful Accountant

Oracle NetSuite's new generative AI-powered capabilities help finance and accounting, supply chain and operations, HR, sales and marketing, and customer support teams streamline business processes.

article thumbnail

Case Study: Transforming Government Recruitment with AI-Powered Resume Management

Withum

Download a PDF of this case study. About t he Client A large US-based professional services firm specializing in government project recruitment. The Challenge The client faced significant challenges in efficiently processing and analyzing a large volume of resumes for candidates seeking positions requiring highsecurity clearances and specialized qualifications.

article thumbnail

Adler finds small auditor to vet results after long search

Accounting Today

The real estate company has been trying to hire a new auditor since its previous one, KPMG, quit in May last year.

auditor 68
article thumbnail

Public Companies and Cyber Breaches

Insightful Accountant

FoxPointe Solutions' Christopher Salone explains what your public company clients should know about the new SEC cyber material rules

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.