Tue.May 10, 2022

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The Ultimate Guide to the Accounts Payable Process

Snyder

Whether you’re a small business owner or a manager within an international enterprise, keeping track of your spending and payments is an essential part of running a successful company. Keeping track of your finances may become complicated when working with multiple partners, businesses and suppliers. It’s also non-stop. As soon as one set of invoices has been dealt with, the next ones seem to pile up.

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What’s new: state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. Alabama ?has become the second state this year to expand its sales tax exemption involving gold and silver.

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Free Knowledge Growth Webinars

Withum

I am scheduled to present four free webinars primarily for CPAs, but anyone in business that uses financial statements might also find them interesting and insightful. Also, I am presenting an IRA/401k webinar for the general public and not accountants or tax professionals. Here is my schedule with brief descriptions. All webinars are 1-hour, and the times are Eastern time zone.

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Debits and Credits 101: Definitions & Example

Patriot Software

In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, you need to learn and understand the difference between a credit vs. debit. Otherwise, your books will wind up unbalanced and sloppy (and no business owner wants that!). To get to know debits and credits in accounting like […] READ MORE.

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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.

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AccountingDepartment.com Chosen for 2022 Inc. Best Workplaces List

AccountingDepartment

It is our extreme honor and pleasure to announce that our company AccountingDepartment.com has been selected for inclusion in the 2022 Inc. Best Workplaces list. This award is truly the barometer of our success, and we are humbled to be recognized as a top workplace this year. Included in this honor are all our employees who make it such a wonderful place to be every day.

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Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses

Patriot Software

Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, today announced an exclusive partnership with Vestwell to offer 401(k) plans with seamless payroll integration. Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country. Patriot, powered by Vestwell, will offer 401(k) plans […] READ MORE.

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More Trending

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Things Are Getting Spicy Between PwC UK Employees and Lord Sugar

Going Concern

After being called “lazy gits” in a tweet last Friday by British businessman, entrepreneur, and TV show host Lord Alan Sugar, who reacted negatively to PwC UK announcing that it would allow employees to take Friday afternoons off from June to the end of August, we were curious to see if any PwCers across the pond would respond to Lord Sugar’s rant. While the firm hasn’t responded, a handful of PwC employees have on LinkedIn.

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SEC Alert: Vale S.A. Charged With False ESG Disclosures

Withum

On April 28, 2022, the Securities and Exchange Commission (SEC) charged Vale S.A (BVMF: VALE3) with making false and misleading claims about safety in its ESG disclosures. Vale’s actions came to light when its Brumadinho tailing dam collapsed, killing 270 people and causing significant harm to the local community and environment. . The SEC’s complaint charges Vale with violating antifraud and reporting provisions of the federal securities laws and seeks injunctive relief, disgorgement plus prej

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10 questions every advisor should prepare for this EOFY

Xero

This is a guest post by Andrew Van De Beek, Founder and Head of Purpose at Illumin8 – a Xero Platinum Partner and XPAC member. . For those of us in advisory, ‘quick questions’ from clients are part and parcel of what we do. But if your practice is anything like mine, the number of enquiries at EOFY – and subsequently, the time it takes to respond to all of them – skyrockets.

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T1134 Information Return Relating to Controlled and Non-Controlled Foreign Affiliates

DMCL

Canadian resident taxpayers who own shares of non-resident corporations are generally required to file a T1134 information return if the non-resident corporation is a “foreign affiliate” of the taxpayer. A one-time exemption from filing may be available for the year in which an individual immigrates to Canada. New Form, Filing Deadline, and Disclosures.

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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.

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IS YOUR Transport & Logistics COMPANY MISSING OUT ON R&D TAX RELIEF?

Menzies

Menzies LLP - A leading chartered accountancy firm. The definition of R&D is much broader than many businesses imagine and despite less than 1% of all R&D claims being made by businesses in the Transport and Logistics sector, we have made a number of claims for our clients in this sector and believe many businesses are still missing out. Download our pdf version.

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Considering Starting a Restaurant? Here’s What You Need to Know

Anders CPA

Whether you’re a new owner or considering a second location, expanding within the foodservice industry is an exciting decision, but it also comes with several items to navigate. Below are a few first steps any restaurant owner should think about before opening their doors for the first time. Find Trusted Advisors. One of the most crucial steps to starting any business is to make sure you surround yourself with the best advisors that suit your needs.

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‘Long live the Accountant’ at Accountex London

Accounting Insight

The co-founder of one of the most forward-thinking accountancy firms in the UK will be sharing her top tips with fellow professionals at one of Europe’s largest annual business event. Bev Wakefield, of award-winning Vibrant Accountancy, is one of the guest speakers at the Accountex conference which takes place at the ExCeL in London from May 11-12. The event returns to ‘in-person’ after a two-year hiatus due to the coronavirus pandemic and is a chance for professionals in the accountancy and fin

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Top Refunded Products Report: a Short Overview

Snyder

What is the Top Refunded Products Report? Refunds are a part of running an eCommerce website. Regardless if a customer returns an item because it was the wrong product or it was damaged, it’s important to keep track of the number of returns for each good. With the Top Refunded Products Report, it’s now easier to see which products have the highest refunds — allowing you to investigate further and create plans to decrease the number of refunded products.

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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

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Secrets Bankers Don't Share

Intuitive Accountant

You are the trusted advisor for your customers and they rely on you for solid advice and direction. What do you know about banking and what level of guidance can you provide? Mike Milan has the info you need to provide the advice your clients need.

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Hot Synder Reporting Feature: Keep Track of Your Business Analytics

Snyder

Have you ever wanted your accounting to help not only with bank reconciliation, but also with learning about your customers and your business performance in general? Then we’re happy to introduce the new Synder reporting feature — Business Insights ! The Business Insights feature is a set of instantly generated reports based on data that Synder captures from connected ecommerce platforms and payment gateways, such as sales, customers, products, payment processing fees, etc.

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KROST Named 2022 Top 100 Firm by Accounting Today

KROST

Pasadena, CA – KROST was recognized as a Top 100 Firm by Accounting Today. The firm ranked 76th with a 18.08% change in revenue from last year. KROST has now been ranked in this prestigious list two years in a row. With new services on the horizon, KROST continues to develop ways to add value for their clients. Their new services include, KROST Business Intelligence Solutions (Data Analytics), Environmental, Social, and Governance (ESG) Reporting, and Consulting, and Client Accounting Services (

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RHOC Noella Bergener Owes Her Attorneys Lots of Money

FraudFiles

Rule #1 of divorce and child custody cases: It’s expensive to fight over these things in court. Noella Bergener, one of the cast members of Real Housewives of Orange County (RHOC), has found out the hard way. But she made it even worse on herself by assuming that her ex was paying her legal fees, and then ignoring her attorneys’ requests to get paid.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Payroll Sponsors at Scaling New Heights 2022 (Part 1)

Intuitive Accountant

In his first installment of a two-part series, Murph takes a deep dive into some of the Payroll App/Software sponsors at 'Scaling New Heights 2022' in Orlando, Florida.

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Authenticity Sells in Accounting

Accounting Web

Practice Excellence Authenticity Sells in Accounting.

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Top 100 ProAdvisors Laud Importance of Practice Efficiency

Intuitive Accountant

We recently asked our Top 100 ProAdvisors a few questions about their business practices. Here's a look at how they remain productive and grow as a practitioner.

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International tax enforcement chiefs target NFTs and DeFi for tax fraud

Accounting Today

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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.

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How to Build Your Social Media Prowess

Intuitive Accountant

Tax Practice News' Christine Gervais offers five ways you can make your social presence bigger, faster and stronger. Here's what you need.

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The Entry-Level Challenge

RitaKeller

“If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on.” – Sheryl Sandberg. Yesterday I listened in on a “Thought Leader Debrief” from the AICPA. Barry Melancon, Erik Asgeirsson, and Tom Hood spoke about issues affecting the profession. This is their preview of what will be discussed in more detail at this year’s ENGAGE conference.

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Patriot Inks Exclusive Partnership with Vestwell

Intuitive Accountant

The accounting software and payroll provider partners with leading fintech company to offer 401(k)s with seamless payroll integration.

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Armanino to merge in Drucker & Scaccetti

Accounting Today

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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.

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Tax Season is Over. Now What?

Intuitive Accountant

See why Top 100 ProAdvisor Kelly Gonsalves says it is time to reassess your success with an after-action review.

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New Treasury proposal would hammer wealthy investors using clever tax strategies

Accounting Today

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How to avoid premature evaluation and premature elaboration

Mark Lee

Imagine being in pain and going to your doctor for some help. Within moments of your arrival the doctor starts telling you, very enthusiastically, how similar your pain is to their previous patient, what is wrong with you and what medicine you need to take. How would you feel if that happened? Would you trust the doctor? The doctor could be right but you will be more likely to trust their advice if they spent a little time first finding out more about your specific pain rather than just making a

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IRS adds post-season in-person help on Saturday

Accounting Today

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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.