Xero

NOVEMBER 28, 2024

Ellie Redfern , Enterprise Account Manager at Xero, recently spoke with Symon Barkway , a partner at the Xeinadin Sittingbourne office and the area managing partner of the North Kent region, on his journey with Xero and why he’s passionate about helping other accounting firms embrace change. Tell us about your firm?

Non-Profits 95

Non-Profits bookkeeping Technology Healthcare 95

CPA Practice

NOVEMBER 19, 2024

If you’re planning a career in the world of accounting or finance, two distinctions have the branding impact and bench strength you need. Invest your time and effort into stacking the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) letters behind your name. By Monte Swain, PhD, CMA, CPA, CGMA.

cma 122

cma CPA accounting and finance management accounts 122

CPA Practice

DECEMBER 10, 2024

Client advisory services (CAS) is poised to continue its impressive trajectory as the fastest growing service area in public accounting, according to the newly released 2024 CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey report. Defined strategy and planning are key to a successful and profitable CAS practice.

Non-Profits 111

Non-Profits CPA public accounting Tax 111

TaxConnex

MAY 10, 2022

Maryland held that a for-profit company’s purchases for non-profit hospitals were subject to the state’s sales and use tax because there was no agency relationship between the company and the hospitals and, even if an agency relationship existed, that alone would not entitle the for-profit company to an exemption.

Sales 242

Sales Mississippi Tax Non-Profits 242

CPA Practice

DECEMBER 6, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:10 welcome to the accounting Technology Lab. Or most non technical documentation, okay? Is it perfect yet? Sure, its not. But is it good?

Technology 98

Technology accountant Account accounted 98

Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

accounting careers 72

accounting careers managerial accounting Account accountant 72

Going Concern

JANUARY 23, 2025

One respondent suggested that there were already disgruntled clients unhappy with accountancy firms taking on PE investment, and that remaining independent was an opportunity for their firm. We should expect to see similar behavior with non-PE firms versus PE-funded ones. So this is interesting.

accounting firms 64

accounting firms institute of chartered accountants Account accountant 64

TaxConnex

NOVEMBER 18, 2021

Most businesses don’t set out to be non-compliant with sales tax, or anything for that matter. Prior-period liability can be extremely costly as states and jurisdictions crack down on non-compliance. When filing these prior period returns, you will be assessed various penalties and interest as a result of non-compliance.

Sales 246

Sales Tax Non-Profits Start-ups 246

PANALITIX

MAY 31, 2021

Specializing an Accounting Business: . Specialization is one way to distinguish your firm from the competition and generate more profitable work. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Some Accountants will prefer to Stay Close to Accounting.

Account 130

Account accountant accounted Non-Profits 130

Basis 365

NOVEMBER 26, 2024

If you’re looking to generate more profit to fund operating expenses, pay your team more, offer better benefits, and fuel growth—while still keeping more profit for yourself—it’s time to focus on key financial and pricing drivers. Here are actionable strategies to help you improve your gross profit margins and achieve your goals.

Non-Profits 59

Non-Profits Technology Tax tax planning 59

Accounting Seed

JANUARY 7, 2025

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Lets look into the key points of changing accounting software. Is It Time for New Accounting Software?

accounting system 59

accounting system accounting software Account accountant 59

Basis 365

APRIL 14, 2025

Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting. But why has outsourced accounting become the new normal?

Account 52

Account accountant accounted quickbooks 52

Accounting Insight

OCTOBER 17, 2024

But instead accountants decided to put together these two rather bizarre nouns. To be fair, before computers were invented, the books (a term that accountants use for accounting records) had to be balanced and a trial balance was prepared before completing financial statements. Their accounts show either a profit or a loss.

financial statements 105

financial statements Account accountant accounted 105

Basis 365

SEPTEMBER 14, 2022

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. For a service-based business to be profitable, it is essential to track time and invoicing accurately. These four accounting tips will increase your consulting company's profitability.

Non-Profits 98

Non-Profits bookkeeping Account accountant 98

Going Concern

MAY 29, 2025

Struggling to Find Remote Accounting Talent? If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand you’re not out of options. Weve Got You Covered.

Real Estate 52

Real Estate Tax Account accountant 52

Basis 365

APRIL 15, 2025

To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows. Unlike the Income Statement, which reports revenue and expenses based on accrual accounting, the Statement of Cash Flows focuses solely on actual cash transactions.

accrual accounting 64

accrual accounting accounting and finance Non-Profits financial statements 64

CTP

JANUARY 22, 2025

Options include health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs)the plan type well cover in todays article. On the employee side, an HRA is a reimbursement plan, which means the account holder must pay the expense upfront and then request a reimbursement.

Tax 89

Tax Expense Reimbursements Non-Profits accountant 89

CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. It’s definitely not the model of firm management that your mother or father experienced or envisioned, if they were an accounting professional.

accounting firms 132

accounting firms Account accountant accounted 132

CPA Practice

AUGUST 9, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. Randy Johnston 00:10 Welcome to the accounting Technology Lab. They also have a not for profit addition. But the accounting software modules are complete.

payroll 119

payroll Technology Account accountant 119

Withum

MARCH 17, 2025

For importers of raw materials or finished goods, Accounting Standards Codification (ASC) 330: Inventory requires that all costs necessary to bring a product to its saleable state should be classified as inventory. Visit Resource Center Transfer Pricing Enters the Equation Multinational companies with purchases or sales through non-U.S.

financial statements 95

financial statements Manufacturing Non-Profits Tax 95

Nancy McClelland, LLC

JANUARY 12, 2025

Lots of small business owners pay what are known as “quarterly estimated taxes” to the IRS and their state department of revenue throughout the year — as a replacement or in addition to W-2 withholding, in order to pay tax on their self-employed or pass-through company’s profit. account, the ID.me

Tax 52

Tax tax return Account accountant 52

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health.

managerial accounting 98

managerial accounting financial accounting Account accountant 98

Basis 365

SEPTEMBER 5, 2022

Small and medium-sized companies who want to cut overheads without sacrificing efficiency are increasingly choosing outsourcing accounting. Understanding the differences between in-house and outsourced accounting is essential if you are starting a business or just studying accounting. This is rare in business.

accountant 97

accountant Account accounted Non-Profits 97

TaxConnex

SEPTEMBER 7, 2023

They also frequently sell TPP such as merchandise, memberships, books and so forth that for-profit companies generally have to charge and collect sales tax on. Are non-profits exempt from sales tax obligations? Minnesota exempts non-profits from collecting sales tax when the sales are for fundraising.

Sales 147

Sales Tax Non-Profits North Carolina 147

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

Non-Profits Technology audit accounting system 52

Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms Account accountant accounted 52

Xero

SEPTEMBER 13, 2023

We are pleased to share the key findings from our study of the accounting and bookkeeping sector. This report involved engaging with over 600 accounting and bookkeeping professionals practising across the UK, from sole practitioners to large practices. Take a look at some of the key highlights from the report below.

bookkeeping 105

bookkeeping Non-Profits Account accountant 105

ThomsonReuters

OCTOBER 18, 2024

Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies.

Non-Profits 52

Non-Profits financial statements Legal tax return 52

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Based on the findings, the top challenge for accountants is recruitment/retention, at 36 percent. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season.

accounting firms 98

accounting firms accountant Account accounted 98

Anders CPA

FEBRUARY 28, 2025

To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

ThomsonReuters

NOVEMBER 25, 2024

ESG due diligence in the supply chain also requires a level of transparency and visibility that only advanced technologies can provide; otherwise, it is virtually impossible to hold vendors accountable. Access report ESG Solutions Expert tools from Thomson Reuters to navigate environmental, social, and governance challenges.

Government 99

Government Non-Profits Legal California 99

CPA Practice

OCTOBER 18, 2024

The Florida Institute of Certified Public Accountants (FICPA) recently announcedJim Gurowka, CAE, as its new Chief Growth Officer (CGO), effective Sept. Gurowka comes to the FICPA after a 19-year tenure as Senior Vice President of the Institute Management Accountants (IMA). Christine has a BBA in Accounting from St.

CPA 110

CPA Non-Profits cpas Washington 110

Accounting Insight

JUNE 6, 2025

Technology-embracing firms enjoy nearly two-thirds more revenue growth compared to their competitors, according to a recent report on the future of accounting. For accounting practices, this represents a significant shift in how tax information is collected, processed and submitted. What does this mean for your practice?

Tax 52

Tax Technology Non-Profits income tax 52

Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. The election must be reflected for financial accounting purposes or the books and records of the company as well. For-profit entities can apply clean energy credits against their federal income tax due.

Tax 105

Tax income tax Construction Non-Profits 105

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm? Automation.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

CTP

FEBRUARY 29, 2024

So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. As an accountant, you must analyze your client type, their category, and how much their gambling income will be considered as taxable income.

Gambling 105

Gambling Tax Account accountant 105