Shay CPA

DECEMBER 7, 2022

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

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ThomsonReuters

APRIL 24, 2024

Checkpoint Payroll Update caught up with John Wertz, tax attorney and partner at Holland & Knight’s New York office, to discuss this first-of-its-kind law. The bill is currently under review with the House Finance Committee. Alabama’s tax exclusion on overtime wages, see Payroll Guide ¶8206.

West Virginia 52

West Virginia Alabama Legal Tax 52

Going Concern

JANUARY 26, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Indeed, trust is not built on mitigating risks alone. million from the federal government.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

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PYMNTS

OCTOBER 10, 2019

With virtual assistant technology pressing deeper in corporate finance, bots and artificial intelligence (AI)-powered tools deploying natural language processing are popping up from logistics management to accounting — and payroll is no exception. Technology For The Payroll Department.

payroll 43

payroll Technology accounting and finance New York 43

CPA Practice

OCTOBER 24, 2023

For almost as long as commerce has existed, small business owners have struggled with managing their finances and taxes, while at the same time running the operational side of their businesses. We do their bookkeeping, accounting, CFO and tax work, help them with business structures and planning, and provide guidance in virtually all areas.

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Sales Tax bookkeeping services bookkeeping 111

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Your clients may want to delay the incorporation process until the new year for several good reasons.

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Going Concern

JUNE 14, 2022

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” ” is a hugely popular question based on my seeing it every other day on my regular rounds through the internet’s accounting halls. Oh BTW I think I figured out that shroom burger thing.

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Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Monday Morning News Brief will be published Tuesday. The Monday Morning News Brief will be published Tuesday. Check out this week’s top remote accounting candidates.

Account 103

Account accountant accounted audit 103

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 40

payroll Tax Technology payroll tax 40

Going Concern

SEPTEMBER 29, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

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CPA Practice

JULY 12, 2023

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting profession. in accounting. Wei is a member of the Accounting and Auditing, the Quality Control and Peer Review, and the SEC committees at the NYSSCPA. in accounting and economics, and his M.B.A.

Pennsylvania 52

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PYMNTS

JANUARY 13, 2020

The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

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B2B Kentucky Colorado Minnesota 89

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

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auditor Account accountant accounted 52

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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PYMNTS

FEBRUARY 9, 2020

5) to one charge of conspiracy to commit wire fraud, stating that he assisted New York-based MyPayrollHR CEO and Founder Michael Mann defraud two companies, according to multiple reports last week. Steiner said he helped the 49-year-old Mann allegedly defraud two finance companies out of nearly $13 million between 2013 and 2019.

Minnesota 61

Minnesota payroll accounting and finance New York 61

Going Concern

JULY 24, 2023

Steven Wasserman wants everyone to know that the accountant shortage isn’t limited solely to accounting firms. I believe that early-stage companies are being more negatively impacted by the accountant shortage than large companies. Early-stage companies often have small accounting staffs. And companies.

Account 52

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PYMNTS

SEPTEMBER 7, 2016

Payroll cards have been hit with a new controversy. Only days ago, an employee of the restaurant chain Dave & Buster’s filed a lawsuit against the company over its payroll practices. That sentiment echoes other states’ legislative efforts to protect workers from payroll card fees.

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Going Concern

OCTOBER 27, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My

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PYMNTS

FEBRUARY 1, 2021

Today in B2B payments, TD Bank forms the new Commercial Bank, FLEETCOR acquires Roger, and City National Bank pairs up on virtual corporate cards. Plus, OnPay strikes accounts payable partnership and an OECD digital tax deal looms. German Finance Minister Says OECD Digital Tax Deal Likely by Summer.

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PYMNTS

JANUARY 22, 2020

The companies revealed their partnership in a press release , noting that suppliers on the SmartEquip Network will be able to accept debit and credit cards, as well as extend credit to customers or finance transactions made on the SmartEquip platform, both in-store and online. Edenred Grows Payroll Card Presence.

payroll 52

payroll B2B New York Legal 52

Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Tax CPA tax planning payroll tax 59

Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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PYMNTS

JULY 6, 2020

. $115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported. The individual, who pleaded guilty to one count of wire fraud, was accused of abusing his position as an accounts payable clerk within the company’s accounting department.

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ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. In benefit-ration states, an employer pays voluntary contributions to cancel benefit charges to its account, thereby reducing its benefit ratio. Virgin Islands.

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South Dakota Wisconsin North Carolina Nebraska 52

Shay CPA

MARCH 22, 2023

New York), this also impacts that base rate. Avoiding a 2022 Accounting Method Change application The IRS clarified in Rev Proc 2023-11 that you don’t need to file Form 3115 (the Accounting Method Change application) this year if your company files a statement with its 2022 tax return.

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PYMNTS

JANUARY 23, 2019

Their collaboration links Bitty to Visa Direct functionality, allowing it to brand virtual and physical prepaid and debit cards linked to a business account. Even so, last month New York Attorney General Barbara Underwood opened an investigation into the SMB lending market with a particular eye on merchant cash advance players.

B2B 65

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PYMNTS

AUGUST 10, 2018

Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few. Take a look below at the full list of B2B startups that secured new funding this week. million in debt and equity financing.

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B2B accounting and finance E-commerce payroll 40

PYMNTS

FEBRUARY 24, 2020

41 percent more ransomware attacks were initiated last year , the New York Times reported, citing data from Emsisoft, with 205,280 businesses losing access to their data as a result. 75,000 is the average loss of a BEC scam , new data from the FBI has revealed. billion in total cybercrime-related losses for the year.

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CPA Practice

NOVEMBER 9, 2023

Joshua Bienstock, an associate professor at New York Institute of Technology’s School of Management and a practicing employment and labor lawyer, says he understands why hush trips have become more common. Andrew Lokenauth, a personal finance expert and owner of BeFluentInFinance.com, says hush trips are discouraged by most businesses.

New York 105

New York accounting and finance Hospitality Finance 105

Anders CPA

MARCH 18, 2024

A company’s operating profit is the revenue it generates before the deduction of interest and taxes, but after other operating expenses have already been accounted for (such as fuel costs, equipment, etc.). Once all other fixed costs and variable costs have been accounted for, the amount that a company has left is its net profit.

Transportation 52

Transportation accounting and finance Start-ups Tax 52

Shay CPA

NOVEMBER 29, 2023

Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s income, payroll, sales, and foreign taxes. New York, for example, exempts companies from sales tax on items like computers and lab equipment if you’re using the item predominantly for R&D.

tax planning 52

tax planning Tax CPA Start-ups 52

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Accounting Firm Mergers. Practice Management.

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audit CPA accounting firms accounting and finance 75

CPA Practice

AUGUST 31, 2023

Add the retirement conversation to your advisory agenda : Often, clients don’t know what to expect from their accountant or an advisory relationship. Advise your client throughout the year on strategies such as estimated tax payments, early withdrawals from retirement accounts, and the max income limits to qualify to contribute to a Roth IRA.

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CPA Practice

NOVEMBER 9, 2023

Dr. Gail Saltz, clinical associate professor of psychiatry at the New York Presbyterian Hospital Weill-Cornell School of Medicine, affirms the heavy toll that financial stress takes on mental and physical health. That being said, when you become free from that debt from your life, you’ll likely experience emotional liberation.

New York 52

New York accounting and finance Hospitality Gaming 52

PYMNTS

FEBRUARY 5, 2020

For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.

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PYMNTS

SEPTEMBER 24, 2019

And the CEO and founder of MyPayrollHR, the New York-based payroll company, was arrested and charged in a $70 million bank fraud scheme. American Express is looking to launch a new real-time product that will let United Kingdom consumers pay for goods and services online. Amex Launches Pay by Bank.

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New York accounting and finance payroll B2B 43