Shay CPA

OCTOBER 25, 2023

Going through a down round isn’t ideal, but plenty of startups have successfully leveraged one — or several — on their way to success. Whether you’re considering this option because of internal factors (like lackluster financial performance) or external ones (like market conditions), you want to maximize benefits and mitigate risks. And that means carefully evaluating what the down round will mean for your company.

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Airbase

OCTOBER 25, 2023

If any finance process is overdue for innovation, it’s procurement. For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend.

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accounts payable AP Automation Approval Workflows Technology 130

BurklandAssociates

OCTOBER 25, 2023

Welcome to the first article of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-One, Preparation appeared first on Burkland.

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Airbase

OCTOBER 25, 2023

AI was a constant presence at SuiteWorld this year, whether it was the focus of the presentation itself or folded into the topic. AI even featured in the high-octane opening session with a spoof about hallucinations from Evan — NetSuite’s not-quite-ready-for-prime-time AI assistant. There were at least three sessions specifically on AI-powered solutions, plus NetSuite had an AI Center on the floor in case you wanted more information.

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NetSuite Technology accounting and finance Kansas 130

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.

Account

Going Concern

OCTOBER 25, 2023

As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year.

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Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

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tax planning Tax tax preparation 137

Withum

OCTOBER 25, 2023

Since their creation in 2009, cryptocurrencies have been polarizing, especially when it comes to taxes, bringing both opportunities and challenges. While you must pay income taxes on income and gains made from cryptocurrency investments, the question of whether you can deduct losses from abandoned or worthless cryptocurrencies is still a hot topic. Understanding Abandoned and Worthless Cryptocurrency Abandonment or worthlessness happens when you give up ownership and control over a cryptocurrenc

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income tax Tax Government Sales 112

CPA Practice

OCTOBER 25, 2023

Are you feeling generous during this holiday season? If so, you may be inclined to increase your charitable gift-giving at the end of the year. Generally, you can reap some tax rewards for your benevolence, but you must contend with several special rules. Notably, you can claim deductions for charitable donations only if you itemize instead of taking the standard deduction on your personal return.

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Tax 116

Cherry Bekaert

OCTOBER 25, 2023

After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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financial statements accounting and finance accounting standards Finance 111

CPA Practice

OCTOBER 25, 2023

More than six out of 10 U.S. employers are in agreement about plans to manage company healthcare costs and enhance mental health programs. With these matters top of mind for the foreseeable future, 62% of employers are implementing initiatives to address both, balancing cost and talent considerations as they set a “go-forward” health and well-being strategy, according to a new survey by WTW, a global advisory, broking and solutions company.

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Cherry Bekaert

OCTOBER 25, 2023

Recent legislation, through the Inflation Reduction Act (IRA), greatly enhanced and created energy tax credits and incentives available to many industries through the U.S. For the industrial manufacturing industry, two energy tax credits that stand to provide incredible advantages are the Advanced Manufacturing Production Credit: Section 45X and Advanced Energy Project Credit: Section 48C.

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Manufacturing Tax audit 111

CPA Practice

OCTOBER 25, 2023

As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct. 20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. Over time, companies will be able to check their tax payment history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS.

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tax accountant business tax Tax Account 111

Going Concern

OCTOBER 25, 2023

The paper-pushers at the PCAOB have punished another audit firm for running afoul of their rules , this time it’s Smythe of British Columbia, Canada and no one involved in this story is based in the United States except for said paper-pushers. A quick Google says Smythe has about 200 employees and $32.9 million in revenue. What egregious sin did Smythe commit worthy of a $175,000 fine?

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Anders CPA

OCTOBER 25, 2023

Anders is proud to announce that Julia Deien , Jason Gotway , Jane Maddox, CPA , and Sean McKenzie, CPA are being named partners of the firm, effective January 2024. The new group of partners was announced at the annual all-firm meeting in October, which the entire firm attends. They will join the rest of the partner group in guiding the firm and identifying new opportunities in addition to developing and maintaining client relationships.

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Real Estate Illinois Missouri Construction 97

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.

Insightful Accountant

OCTOBER 25, 2023

If you are a BPO or CAAS provider struggling with your current desktop or cloud accounting systems to support all of your clients, it might be time to look at NetSuite.

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Accounting Today

OCTOBER 25, 2023

A firm's strength lies in its dedicated team of professionals committed to ensuring client satisfaction, regulatory compliance, and streamlined operations.

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CPA Practice

OCTOBER 25, 2023

Does your small business provide a 401(k) plan for your employees? If it does, the employees can contribute to their accounts within generous limits, building up funds for their retirement. Furthermore, the tax law allows 401(k) participants to make additional “catch-up contributions” when they’re past the prime of their careers. Even better the new retirement planning last passed late last year—dubbed SECURE 2.0—generally enhances the rules for catch-up contributions.

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Accounting Today

OCTOBER 25, 2023

The NFRA has requested files and communications related to S.R. Batliboi's audits on some companies going as far back as 2014, sources said.

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audit Account accountant accounted 70

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

Technology

CPA Practice

OCTOBER 25, 2023

Date: Monday, November 13, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Are you ready for the upcoming tax season? Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect tax preparers and paye

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Tax Tennessee CPA Education 64

Accounting Today

OCTOBER 25, 2023

Lauterbach & Amen's innovation competition has enhanced firm creativity and team spirit.

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CPA 90

LSLCPAs

OCTOBER 25, 2023

It’s never too early to think about filing your taxes. For the 2023 tax year filing, we summarize below the changes relating to Business Meals, RMDs, CA Enterprise Zone Credits, and Bonus Depreciation. Starting in January 2024, the new “Beneficial Ownership” reporting requirement takes effect. Give our offices a call if you have any questions. The post Tax Changes for Your 2023 Filing and a Brand New 2024 Reporting appeared first on LSL CPAs.

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CPA Practice

OCTOBER 25, 2023

Bill, a financial operations platform for small and midsize businesses, has has added automation technology to help SMBs and accounting firms get better control and visibility of their accounts payable workflows. SMBs and accountant customers of BILL using Intuit QuickBooks Desktop software, including QuickBooks Enterprise, QuickBooks Premier, and QuickBooks Pro, now have the ability to view purchase orders, as well as match and pay invoices in one workspace.

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quickbooks AP Processes Approval Workflows Technology 59

Advertiser: Paycor

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.

Canopy Accounting

OCTOBER 25, 2023

Having statistics to back up the success of a company's product or service is crucial in today's data-driven business environment. It aids in validating the company's claims and reaffirming its credibility in the eyes of consumers, stakeholders, and competitors alike.

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Accounting Today

OCTOBER 25, 2023

While marking its 25th anniversary at its annual user conference, the accounting software vendor announced a number of new products and capabilities.

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Ryan Lazanis

OCTOBER 25, 2023

A good onboarding process can be a significant factor in retaining clients. Consider these 4 tactics to leave a lasting impression. The post 4 Wow Moments to Level Up Your Onboarding Process appeared first on Future Firm.

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Accounting Today

OCTOBER 25, 2023

George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.

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audit 73

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Finance

Withum

OCTOBER 25, 2023

Download a PDF of this case study. Executive Summary After acquiring a local mortgage company, a community bank sought support from Withum’s Cyber and Information Security Team to secure their cyber defenses. The mortgage company did not have standard cybersecurity frameworks and looked to the community bank for resources and internal alignment. The Client The client is a community bank based in the mid-western U.S.

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Legal 52

Accounting Today

OCTOBER 25, 2023

In this Vendor Spotlight we talk to Andrew Hoyen, CEO of cybersecurity solutions provider Infinite Group Inc.

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Technology 70

IgniteSpot

OCTOBER 25, 2023

In the ever-evolving landscape of business, it's essential to stay ahead of the curve. In the past, traditional bookkeeping methods involved mountains of paperwork, manual data entry, and hours spent reconciling financial records. But, with the digital era in full swing, there's a smarter way to manage your finances – virtual bookkeeping services.

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bookkeeping services bookkeeping Finance accounting firms 52

Accounting Today

OCTOBER 25, 2023

CPA.com, in light of the technology's sudden popularity, has released a set of resources for accountants to educate themselves on artificial intelligence and assess its risks and opportunities.

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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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