TaxConnex
JULY 6, 2023
In part 1, we looked at the mounting financial costs of maintaining sales tax compliance with the thousands of tax jurisdictions nationwide. Now let’s look at how some companies have tried to game the system – and what to do so you don’t have to run that risk. Rolling the dice What have companies done to avoid complying with sales tax regs where they have economic or physical nexus?
BurklandAssociates
JULY 6, 2023
Essential onboarding activities should be concentrated in the first month and quarter, and gradually taper off over the next twelve months. The post Employee Onboarding Roadmap for Startups appeared first on Burkland.
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CPA Practice
JULY 6, 2023
Private sector employment increased by 497,000 jobs in June and annual pay was up 6.4 percent year-over-year, according to the June ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market.
Going Concern
JULY 6, 2023
When PwC Australia CEO Tom Seymour stepped down in May after it was confirmed he’d received tainted emails containing confidential government tax intel leaked by former partner Peter Collins, it seems the firm hoped sacrificing him was enough to settle the matter and move on. Spoiler: it was not. While us Yanks were picking up hot dog buns and fireworks in preparation for the 4th, PwC Australia was pushing out a press release to announce eight partners connected to the tax scandal were on
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.
CPA Practice
JULY 6, 2023
By Jenna Anderson, Inc. (TNS). Despite concerns about inflation and interest rates, small business owners were more optimistic about the national economic outlook in the second quarter of 2023, according to a recent survey. The latest Small Business Index , a survey of small businesses from MetLife and the U.S. Chamber of Commerce, shows an increase in overall confidence from 60 to 63.1 since the first quarter of the year.
Withum
JULY 6, 2023
Withum is proud to share that the Los Angeles Business Journal has named Kim Ravenell as a finalist for their Mentor of the Year award as part of their annual Women’s Symposium. Kim is a Tax Partner in Withum’s Encino office with over 25 years of experience providing tax planning and compliance services for high-net-worth individuals and closely held businesses of all sizes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
JULY 6, 2023
Withum is proud to share that Stephanie Mansour was honored by Providence Business News on its 2023 40 Under 40 List. Stephanie is a Senior Manager of audit and accounting, specializing in manufacturing and distribution, not-for-profit, healthcare, and employee benefit plans. She has a talent for strategic thinking, an ability that allows her to identify areas of business risk and perform in-depth internal control testing and analysis for clients.
CPA Practice
JULY 6, 2023
By Randy Crabtree, CPA. I’ve made plenty of missteps throughout my career, but I did do one smart thing. After my stress-related stroke at age 51, I stepped away and took a serious look at what I was good at—and let go of anything else. I didn’t realize it at the time, but stepping away from day-to-day operations was one thing managing partners at most modern accounting firms do (see #5 below).
ThomsonReuters
JULY 6, 2023
If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. Offering your clients proactive advice through accounting advisory services is especially important as the regulatory and legislative landscape continues to become increasingly complex.
CPA Practice
JULY 6, 2023
A Section 529 plan is a great way to save for a child’s higher education. You can put money in an account for your child and watch it grow without any current tax erosion until the child is ready to go to school. Then any distributions from the account are exempt from tax if they are used to pay for qualified expenses like tuition. But Section 529 plans don’t have to be used only for your kids.
Advertiser: Paycor
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.
Going Concern
JULY 6, 2023
Unbothered with American federal holidays, EY UK announced on Tuesday (July 4) that the firm has appointed 267 new partners, marking a 10 percent increase and bringing the total EY partner population in the UK to 1683 from 1553 the year prior. These figures include those moving from non-equity partner to equity partner. More than 60 percent (161) are internal promotions and 106 are external hires.
ThomsonReuters
JULY 6, 2023
If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable. That’s why many accountants are embracing the profitable shift to tax advisory services.
Accounting Today
JULY 6, 2023
The firm reports a substantial revenue increase to $2.82 billion as it transitions from a partnership to a professional service corporation.
ThomsonReuters
JULY 6, 2023
If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. From financial planner to investment banker to business analyst, there are many roles to consider if you find yourself looking for something new.
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.
CPA Practice
JULY 6, 2023
Coinciding with Xero Day 2023 – the day of Xero’s founding 17 years ago – Xero , the global small business platform, today announced a new global small business fund with more than NZ $750,000 (apx. US $460,000) in funding, to support the future aspirations of small businesses globally. The Xero Beautiful Business Fund will officially launch with a call for entries at Xerocon Sydney , taking place in Sydney on 23-24 August 2023.
ThomsonReuters
JULY 6, 2023
As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity. What are business advisory services? Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax com
CPA Practice
JULY 6, 2023
Charity can take many forms. For instance, you might donate money to a cause designed to help feed the hungry or to house homeless people. If the organization that is running the project qualifies as a 501(c)(3) organization under the tax code, the full amount of your contributions is generally tax- deductible within generous annual limits. That’s a relatively common scenario.
ThomsonReuters
JULY 6, 2023
Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. With the help of Application Programming Interfaces (APIs), these teams can revisit their year-end workflow with an eye to making it more efficient. What are APIs and how do they work?
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
AccountingDepartment
JULY 6, 2023
Every business owner loves growth. It's simple. But what's not so simple is if the business can handle growth. When businesses are operating on dated enterprise resource planning (ERP) systems, it's easy to outgrow and be throttled back on growth because of it.
ThomsonReuters
JULY 6, 2023
In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. It’s about finding ways to set your firm apart—and there’s no better way to do that than by offering advisory services. With technology that automates traditionally manual tasks related to core tax compliance work, more and more firms are capitalizing on the opportunity to hone in on and better execute long-term strategy by offering value-adde
Accounting Today
JULY 6, 2023
As critical as the financial close is, accounting professionals know it's also often a time-consuming, cumbersome and error-prone process.
GrowthForceBlog
JULY 6, 2023
7 min read Business owners know that maintaining financial records is necessary for generating financial reports, budgeting, making payroll, and keeping up with the general requirements of operating a business. Key Takeaways How Long to Save Your Company's Financial Records: As a general rule of thumb, though, most businesses hold onto their financial records for seven years and their employee records for 10 years… Digitize Your Records: Office space is limited, secure storage is expensive, and
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.
Accounting Today
JULY 6, 2023
Having a document that clarifies the work to be done keeps everyone on the same page — and out of court.
Insightful Accountant
JULY 6, 2023
The fund, being launched Aug. 23-24 in Sydney, gives small business owners a chance to win a better future for their companies.
Accounting Today
JULY 6, 2023
Low-class mail; time to pay the check; closing curtain; and other highlights of recent tax cases.
Withum
JULY 6, 2023
We have many interactions with professionals, and many times we might not properly prepare for the meetings. Keep in mind that a professional’s stock in trade is their time, and their ability to apply their knowledge, skills and experience to their patients’ or clients’ specific situation at that time for that issue or problem. Being prepared for a meeting will maximize the value you receive during that time.
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Insightful Accountant
JULY 6, 2023
Small businesses with one to nine employees in the US created 23,200 jobs during June of 2023, an increase of 0.18%.
xendoo
JULY 6, 2023
Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years.
Anders CPA
JULY 6, 2023
Anders is celebrating employee promotions from across the firm once again. Each year, the firm is delighted to announce promotions for individuals who deserve recognition for not only their professional achievements, but their willingness to embody the firm’s core values and ability to deliver exceptional results for our clients that create an impact on our entire community.
Patriot Software
JULY 6, 2023
Canton, OH Patriot Software, an award-winning accounting and payroll software provider, will co-host a webinar on SECURE Act 2.0 retirement tax credits and deadlines with partner Vestwell, a leading 401(k) recordkeeping provider for small businesses.
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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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