Fri.Sep 30, 2022

article thumbnail

Burned out on public accounting or burned out on your firm? They're not the same thing

Accounting Today

article thumbnail

Amazon Warehouse Does Not Create Physical Nexus in PA

TaxConnex

In a decision that may eventually have sales tax repercussions elsewhere, a state court has decreed that an Amazon warehouse creates no physical nexus for a group of online sellers. The Commonwealth Court of Pennsylvania sided with the Online Merchants Guild when the latter contested charges by the state Department of Revenue (DOR) for taxes owed. The Guild is a group of online businesses who participate in Amazon’s Fulfillment by Amazon (FBA) Program, who generally had limited choice where thei

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

ThomsonReuters

IRS Notice 2022-44 (Sept. 26, 2022). Available at [link]. The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employers using these rates to set per diem allowances can treat certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent.

article thumbnail

The Talent Shortage Has Gotten So Bad Clients Are Now Doing Their Own Audit Documentation

Going Concern

The Securities and Exchange Commission has charged Deloitte China with failing to comply with fundamental U.S. auditing requirements because in numerous audits over numerous years Deloitte China asked clients to select their own samples for testing and to prepare their own audit documentation. From the SEC press release : The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global ne

audit 93
article thumbnail

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.

article thumbnail

Live from SuiteWorld 2022 – NetSuite Enhances Analytics Warehouse to Maximize the Value of Customer Data

Intuitive Accountant

Latest updates help organizations better manage large volumes of business data to accelerate insights, improve decision making and create new revenue streams

article thumbnail

Understanding the §179D Tax Deduction for Humans, Part 2

Going Concern

Examining the effects of the Inflation Reduction Act on §179D. Welcome to part two of our series on the IRS Section 179D tax deduction. We explained how the §179D tax deduction works and who qualifies for it in part one. For this entry, we’ll take a look at the future of our plucky lil’ write-off friend, focusing mainly on the effects of the Inflation Reduction Act of 2022 (hint: those effects have nothing to do with inflation.).

Tax 83

More Trending

article thumbnail

How Are Public Accounting Salaries Stacking Up For 2023? (Part 1, Robert Half)

Going Concern

’ Tis the season for Robert Half either inflating or popping your balloon when it comes to projected starting salaries in public accounting for the coming year. The staffing and recruiting giant released its 2023 Accounting & Finance Salary Guide on Monday, which includes starting salary expectations for jobs in 35 categories, including public accounting.

article thumbnail

Micromanagement May Be Destroying Your Business

GrowthForceBlog

10 min read. Micromanagement is one of the most toxic management styles that business leaders can use. It rarely has a positive impact on business.

83
article thumbnail

Xero and The Football Association launch partnerships to champion women in football

Xero

Where were you on 31 July 2022, when a corner was swung in and Chloe Kelly poked the ball into the net? A scrappy goal made beautiful by the weight of history, the support of a nation, and of course, 56 years of hurt. England were crowned UEFA Women’s Euro 2022 champions. . More moments like this will only be possible when the barriers facing girls and women in football are removed.

article thumbnail

APPS Directory Spotlight — Fyle

Intuitive Accountant

Check out the new-age expense management platform that enables finance teams and employees to easily track expenses and automate reconciliations for any corporate credit card from any bank in real-time.

article thumbnail

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.

article thumbnail

Mazuma Launches $10K Giveaway for Small Businesses

MazumaBusinessAccounting

Want to win $10,000 for your business? Mazuma USA is giving away $12,000 to small business owners across the United States. Any small business can apply for the giveaway, which includes a $10,000 grand prize and two $1,000 runner-up prizes. “Our focus as a company is helping business owners thrive,” says Greg Nielson, Mazuma co-founder. “We all need help or inspiration at some point in our business journey.

article thumbnail

Webinar Time: 'Getting Started with QuickBooks Commerce'

Intuitive Accountant

In today's online shopping world, Liz Scott takes a deep dive into how QuickBooks Commerce can help your clients manage their accounting and inventory needs. Sign up for this 'can't miss" webinar today.

article thumbnail

No Fiduciary Breach Where Insurer Sets Guaranteed Rate of Return on Stable Value Contract in Shared Interest of Plan Participants

ThomsonReuters

Rozo v. Principal Life Ins. Co., 2022 WL 4005339 (8th Cir. 2022). Available at [link]. A 401(k) plan participant brought a class action against a life insurance company, claiming a breach of ERISA’s fiduciary duty of loyalty and prohibited transaction provisions in connection with the insurer’s setting of the guaranteed rate of return on a stable value contract investment option.

Account 52
article thumbnail

AccountingDepartment.com Attends EO XCentric 2022

AccountingDepartment

Our second Entrepreneurs' Organization (EO) event of the year, EO Xcentric, took place in Cincinnati, Ohio, and ADC Co-Founder, Bill Gerber, set out to spend some time with all of the event attendees.

Ohio 52
article thumbnail

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

article thumbnail

Are the articles of secondhand clothing offered for sale on ThredUp’s online store included in inventory on ThredUp’s balance sheet?

Wendy Tietz

ThredUp Inc. is a startup online consignment and thrift store. Customers can buy like-new, carefully vetted brand-name clothing from ThredUp’s online store at discounts of up to 90% off of the original retail prices. Customers can also send in their unwanted clothing articles for ThredUp to resell. tThredUp’s professional buyers go through the articles of […].

Sales 52
article thumbnail

How Do I Calculate Fixed Fees

FraudFiles

How do I come up with a fixed fee for a forensic accounting engagement? I’ve been doing fixed fees for almost 23 years, so I’ve developed a pretty good formula. With a fixed fee, a client is paying for a result, rather than buying my time. In most of my cases, the “result” is an expert report. The following things go into the fee: volume of work (how many transactions go into a database, how many documents to review, in what detail I’m reviewing them). assessment of

article thumbnail

AICPA Lauds Taxpayer Deadline Extention Effort

Intuitive Accountant

The American Institute of CPAs applauds bicameral letter to Department of the Treasury and IRS urging deadline extension for penalty relief.

cpas 52
article thumbnail

Blooper reel: Tiny but important mistakes on returns

Accounting Today

article thumbnail

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.

article thumbnail

4 New Associates at Wellers!

Wellers Accounting

Stuart Crook FCA , celebrates the rise of another 4 members of staff to Associate level at Wellers.

52
article thumbnail

Baker Tilly to acquire True Partners Consulting

Accounting Today

article thumbnail

Will Employees’ Participation in Our Company’s Health FSA Prevent Their Spouses or Adult Children From Contributing to an HSA?

ThomsonReuters

QUESTION: Our company sponsors a salary reduction health FSA that reimburses the qualifying medical expenses of participating employees and their spouses, children under age 27 as of the end of the year, and tax dependents for health coverage purposes. We do not currently offer high-deductible health plan coverage, but some employees’ spouses and adult children have it through their own employers.

Tax 19
article thumbnail

Deloitte's China firm penalized $20M for letting clients audit themselves

Accounting Today

audit 98
article thumbnail

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.

article thumbnail

OAuth Instructions for Security Update

Lockstep

You may have received communication from Microsoft or Google about security updates that will disable Basic Authentication over the next few days. To support the advanced authentication enhancement, Microsoft and Google may require you to take a couple steps to ensure your email automations with Lockstep remain operating. . To assist you with these changes, we have outlined the required steps below.

10
article thumbnail

Grant Thornton sees revenue grow 17% to $2.3B in FY 2022

Accounting Today

article thumbnail

Stripe vs PayPal in 2022: The Ultimate PayPal vs Stripe Review

Snyder

Trying to decide which payment platform to choose for your business? Chances are that when picking a payment provider you’re stuck with two main options – Stripe vs PayPal. Stripe and PayPal are two of the best online payment solutions on the market offering a wide range of financial services and covering day-to-day needs of e-commerce businesses.

article thumbnail

A 'Black tax' costs U.S. cities millions they can't afford

Accounting Today

Tax 98
article thumbnail

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.

article thumbnail

What data can, and should, small businesses collect about their customers?

Xero

Last week, we held our fifth Responsible Data Use Advisory Council meeting. These meetings, held quarterly, are an opportunity to discuss emerging trends around responsible data use for small businesses. . As we move into our second year, the council is evolving too. . Samuel Burmeister of Tall Books has regretfully stepped back from the council to focus his efforts on his growing business.

Legal 99
article thumbnail

Tax Fraud Blotter: Three times the fun

Accounting Today

Tax 98
article thumbnail

IRS Extends Additional CARES Act and Disaster Relief Amendment Deadlines

ThomsonReuters

IRS Notice 2022-45 (Sept. 26, 2022). Available at [link]. The IRS has extended the deadline for amending 401(k) plans (and other eligible retirement plans, as well as individual retirement arrangements (IRAs)) to reflect relief relating to plan loans and coronavirus-related distributions under the CARES Act (see our Checkpoint article ) and “qualified disaster distributions” under the disaster-relief provisions of the Consolidated Appropriations Act, 2021 (CAA; see our Checkpoint article ).

Tax 52
article thumbnail

FASB releases supplier finance standard

Accounting Today

Finance 97
article thumbnail

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.