5 Tips to Prepare for Your Best Tax Season
Intuitive Accountant
OCTOBER 16, 2022
With tax season just around the corner, FFP Wealth Management's Joseph Graziano is offering some ways you can start digging in before the crush.
Intuitive Accountant
OCTOBER 16, 2022
With tax season just around the corner, FFP Wealth Management's Joseph Graziano is offering some ways you can start digging in before the crush.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
TaxConnex
OCTOBER 19, 2022
Sales tax, unlike other types of taxes, has many deadlines, not once or twice a year, but often every month and it doesn’t fall on the same day for every business, or state. With sales and use tax compliance, there are six primary deadlines each month – 7 th , 10 th , 15 th , 20 th , 25 th and 30 th – without considering the odd due dates for certain states – 12 th , 23 rd , 24 th , etc.
Canopy Accounting
OCTOBER 19, 2022
Document management is a core element of every accounting project, but it can quickly become a headache if you don’t have a good system in place. Here are a few key things to keep in mind as you create your document management strategy.
Advertisement
As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.
Patriot Software
OCTOBER 20, 2022
As a business owner, you are likely familiar with certain accounting accounts, like your assets or expense accounts. But did you know that each account can also be labeled as a permanent or temporary account? Read on to learn the difference between temporary vs. permanent accounts, examples of each, and how they impact your small […] READ MORE.
Randal DeHart
OCTOBER 21, 2022
When you start a small business, it's usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows. Because a small business focuses on survival, you pay much attention to the bottom line. This makes much sense, but it also leads to being seriously overworked.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
OCTOBER 19, 2022
For many years, it was typical for employers to discourage discussions about pay in the workplace. And, many businesses had or have pay secrecy policies to prevent employees from talking about their compensation. Nowadays, pay transparency is on the rise to help combat gender inequality at work. In fact, 17% of private companies practice pay […] READ MORE.
BurklandAssociates
OCTOBER 20, 2022
Alejandro Lozano, Founding Principal at Newtype Ventures, shares his perspectives on navigating recent changes in the startup funding market. The post Insights from a VC on Today’s Startup Fundraising Market appeared first on Burkland.
SMBAccountant
OCTOBER 19, 2022
Each year the Association of Certified Fraud Examiners puts out a report that identifies trends and key findings related to fraud over the past year. Some of the highlights seem unreal as you look at them for the first time. Here’s some of the findings from the “Occupational Fraud 2022: A Report to the Nations.” Organizations with the FEWEST employees had the highest median loss of $150k showcasing that small businesses are the hardest hit and need to be concerned with the potential for fraud.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
TaxConnex
OCTOBER 18, 2022
Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothes. Clothing is taxable in most states and the District of Columbia. Some states (of course) have special sales tax rules for clothing. California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. South Carolina, Ohio and Virginia exempt some protective clothing.
Withum
OCTOBER 19, 2022
On October 19, 2022, the IRS issued a press release ( IR-2022-183 ) warning taxpayers to be wary of third parties who advise them to claim an employee retention credit (ERC) when they do not qualify. According to the IRS, these third parties “often charge large upfront fees or a fee that is contingent on the amount of the refund.” The IRS is also concerned that these third parties “may not inform taxpayers that wage deductions claimed on the business’ federal income tax return must be reduced by
Going Concern
OCTOBER 19, 2022
The PCAOB has made it painfully clear that they are done pussyfooting around and sick of auditors not doing their jobs. Chair Erica Williams said in September the Board plans to use every tool at their disposal to bring the hammer down on naughty auditors and it seems that’s exactly what they’re doing. Wanna alter work papers and then double down when you’re caught?
ThomsonReuters
OCTOBER 20, 2022
QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.
Advertisement
Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.
Patriot Software
OCTOBER 17, 2022
When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.
Withum
OCTOBER 18, 2022
A cyber Incident Response Plan (IRP) can help an organization prepare to reduce the overall impact of an incident. A potential cyber breach incident can be a ransomware attack , a malicious insider, an external attacker that gained access via a phishing campaign or internal human error, among many others. When dealing with incidents, we often say it is not if, but when an incident will occur.
Going Concern
OCTOBER 18, 2022
Yesterday the PCAOB made public additional portions of EY’s 2018 inspection report “because the firm did not address certain quality control issues to the satisfaction of the Board within the 12 months following the date of the report.” EY’s 2018 PCAOB inspection report is dated April 28, 2020 and in it, the Board said EY had made marginal improvements in audit quality from the year prior.
Simple Accounts
OCTOBER 19, 2022
Cash flow and Trial balance are two different yet connected terms that are familiar to everyone involved in the business. Discussions have been going around for a very long time to decide which is better or which one to trust. Take another look at both before moving on to conclusions based on the knowledge you already have. . Cash Flow . The simplest definition of cash flow is the movement of money into and out of business.
Speaker: Claire Grosjean
In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.
Anders CPA
OCTOBER 19, 2022
Anders is expanding our partnership with Fifth Avenue Healthcare Services (Fifth Avenue) to offer a streamlined, outsourced credentialing and provider enrollment process for physician practices and health systems in Missouri and Illinois. With an industry-focused team of health care advisors, Anders has the provider enrollment expertise that pairs perfectly with Fifth Avenue’s delegated credentialing specialization.
Withum
OCTOBER 17, 2022
Gross margins, Profits, ARR, EBITDA – the list of financial metrics can go on and on. These metrics are all very helpful in the decision-making and analysis process in determining the trajectory and direction of a startup.Each metric is uniquely designed, and success can vary by industry. In times of economic uncertainty with increased interest rates and inflationary pressures, while these metrics are extremely helpful, the focus becomes increasingly clear – how much cash do we have and how long
Going Concern
OCTOBER 18, 2022
CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. and the official accounting firm of the Dallas Cowboys, says it has “huge growth plans” for Dallas after combining with a local firm founded in 2010.
CTP
OCTOBER 17, 2022
A key to business growth is finding ways to get more done with less effort. Small business owners are often juggling so many tasks that they struggle to stay focused on what is adding the most value to the business. In theory, you may know that you need to hire help, delegate tasks, and build out processes and automation to handle lower value work. However, when you’re staring down a massive to-do list, taking that first step can feel like scaling a mountain—where do you even start?
Advertisement
As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.
Reckon
OCTOBER 16, 2022
If you’re registered for GST, lodging your BAS (business activity statement) is a fundamental reality of doing business in Australia. Lodging your BAS is a cornerstone of remaining compliant with the Australian Taxation Office (ATO). So, how does this work in reality? Should you do your own BAS or enlist a BAS agent? Let’s compare a couple of real-world scenarios so you can understand your options and how it really works.
Withum
OCTOBER 18, 2022
Starting a business is a big step whenever it is done. A question is: when to do it? Is now a good time, or should you wait for the right time? People go into a business for many reasons, with some being started as a part-time activity, when you are laid off and cannot get another comparable job or when you are just ready to do it and need to quit your job.
Going Concern
OCTOBER 21, 2022
Shall we speculate wildly which Big 4 firm is not meeting the Canadian Public Accountability Board’s generous standards? The Globe and Mail reports : One of Canada’s Big Four auditing firms continues to have a significant number of problems in its work, the national industry regulator has found. For now, the Canadian Public Accountability Board, which oversees the firms that audit publicly traded companies, is not revealing the name of the firm, citing the confidentiality provisions of the
ThomsonReuters
OCTOBER 20, 2022
Rev. Proc. 2022-38 (Oct. 18, 2022); IRS News Release IR-2022-182 (Oct. 18, 2022). Rev. Proc. 2022-38. News Release. The IRS has released the 2023 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to health FSAs, qualified transportation fringe benefits, qualified small employer health reimbursement arrangements (QSEHRAs), adoption assistance, DCAPs, the small business health care tax credit, the premium tax credit, and Archer MSAs.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
Patriot Software
OCTOBER 20, 2022
Here’s a payroll question: How do you differentiate between employees and independent contractors? It all depends on the relationship between the employer and the worker. It’s important to properly classify workers, but it can be tricky. Here’s an example: Joe runs his own construction business. Joe has committed to more construction jobs than he can handle, […] READ MORE.
Intuitive Accountant
OCTOBER 20, 2022
The American Bankers Association has developed a website aimed at helping individuals and small businesses avoid phishing scams, especially those asking for banking information.
Going Concern
OCTOBER 19, 2022
As the leaves start changing to PwC colors, it signals the start of compensation season at another Big 4 firm: KPMG. The results of the most recent round of comp talks are in and can be found on r/accounting , per usual. So during this spooky szn, were raises scary bad or scary good for KPMGers? Let ’s take a look. The calendar year started off on a good note for employees of the Radio Station as it was announced last January that mid-year raises would be coming on April 1.
IgniteSpot
OCTOBER 20, 2022
Benefits of Outsourced Accounting Services. Between contracts, settlements, lawsuits, and everything else, your firm has enough to worry about on the legal side without worrying about cash. However, outsourced accounting services can help in diverse ways.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
Let's personalize your content