Sat.Oct 01, 2022

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Budget Season is Here, Are you ready?

Basis 365

Budget season has begun, and financial teams need to get together to plan for 2023. But are you ready? A business owner cannot afford not to have a budget in place for the new year. Budgeting is about making plans, identifying opportunities, and keeping the doors open for the following year. Developing the budget for next year doesn't have to be challenging.

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Deloitte launches artificial intelligence initiative

Accounting Today

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A Bunch of Auditors at RSM F*cked Up

Going Concern

Today in Auditors Not Doing Their Jobs, the SEC has charged RSM, three senior-level employees who work there, and a couple partners with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s financial statements over a four-year period when Revolution was violating accounting principles by inflating revenue with bill and hold sales.

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IRS extends time to 'perfect' R&D credit claims

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Time Theft: What it Is and How to Stop It

Patriot Software

Do you think an employee is stealing time from your company? There are many types of employee time theft. And, worker time fraud can be expensive for your business. Let’s say you have an employee who steals 15 minutes of time per shift, and they work five times per week. The employee earns $10 per […] READ MORE.

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Ian victims get federal filing relief

Accounting Today

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More Trending

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Setting up payroll for a remote team

Accounting Today

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Friday Footnotes: Opinions!; EY’s Blockchain Aspirations; KPMG Junior Reprimanded | 9.30.22

Going Concern

Psst. While you’re here, have you thought about getting on our newsletter ? No? Alright. Big 4. Average income of Deloitte’s partners in UK and Switzerland tops £1m [ The Guardian ]. Partners at Deloitte in the UK and Switzerland will receive an average income of more than £1m each for the second year in a row, after the accountancy firm enjoyed another successful year.

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IRS updates guidance on taxability of payments to homeowners from state and local COVID funds

Accounting Today

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Let’s Take a Look at the Projected 2023 Public Accounting Starting Salaries in 12 MCOL Cities

Going Concern

Increases in public accounting starting salaries for next year aren ’t expected to even hit 6% , we reported a couple days ago after examining salary data from Robert Half’s 2022 and its newly released 2023 Accounting & Finance Salary Guides. At least those of you who work in/live within or near cities with the highest cost of living in the U.S. could see starting salaries in public accounting between 23% and 38% higher than the national averages in 2023.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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IRS updates per diem rates for business travelers for 2022-2023

Accounting Today

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How to Convert a Worker from Contractor to Employee

Patriot Software

At some point, you might need to convert an independent contractor to an employee. You might have worked with a contractor several times, but now you want to hire them as an employee. For example, you might have used an independent contractor to periodically assist with your business’s marketing, but now you want to hire […] READ MORE.

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RSM to pay $3.75M penalty to SEC for improper audits

Accounting Today

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What You Need to Know About Mandatory Employer Registration

Patriot Software

Bringing on employees doesn’t make you an official employer. You must sign up for accounts with the IRS and your state to legally become an employer. Otherwise, you will violate employment laws, leading to hefty penalties. Make sure you know your employer registration requirements before hiring employees. Employer registration You must register as an employer […] READ MORE.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Tech News: Bloomberg integrates domestic U.S. tax rates

Accounting Today

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How to Handle Outstanding Paychecks

Patriot Software

Writing employees checks is one way you can pay them their wages. But if an employee takes too long to deposit their paycheck, you have to deal with the consequences. There are a few things you might have to do when paychecks are outstanding checks. What are outstanding checks? Outstanding checks are checks that have […] READ MORE.

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CFO pessimism is on the rise, says Grant Thornton survey

Accounting Today

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What Is Form SS-4?

Patriot Software

Some businesses are required to have a Federal Employer Identification Number (FEIN). FEINs, or EINs, are used by employers and other businesses for tax filing and reporting purposes. FEINs work similarly to Social Security numbers. When you include your business’s unique nine-digit number on documents, the IRS can easily identify your company. One way to […] READ MORE.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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AICPA Foundation awards minority doctoral students with a $12,000 fellowship

Accounting Today

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How to Create a Successful Employee Referral Program

Patriot Software

It can be challenging to locate quality candidates. There are fewer employees to fill jobs, especially in specialized positions. You might find the candidates you’re looking for by tapping into your current employees’ networks. Your employees likely know someone who is searching for a job or has the skills you are looking for. If you […] READ MORE.

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Americans abroad renounce citizenship to escape tax law's clutches

Accounting Today

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When to Pay Employees for FLSA Hours Worked

Patriot Software

When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working. Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated. The Fair Labor Standards […] READ MORE.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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What Sets Your Construction Company Apart?

Randal DeHart

Let me start by saying it's good if you have competition. Indeed, competition pushes you to be innovative. It also means there's an established community for your services. If no one else is offering the service, there's a chance there's no market for it. But, have you always wondered how a small construction company like yours could stand out from the crowd and its competitors?

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Employee Termination Procedures Your Business Must Do

Patriot Software

When an employee leaves your business, there are certain payroll and HR tasks you must do. It doesn’t matter if the employee is voluntarily or forcibly terminated. Employee termination procedures guarantee that your business remains in compliance with federal and state laws. Employee termination procedure Whether the employee quits, was fired, or laid off, use […] READ MORE.

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On the move: BSSF raises over $3K for United Way

Accounting Today

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How Does a Wage Garnishment Work?

Patriot Software

You open the mail and see an order telling you to garnish an employee’s wages for an overdue debt. So, what does it mean to garnish an employee’s wages? And, what do you need to do? What is garnishment? Garnishment is a method of collecting money from a person with overdue debts. When an employee […] READ MORE.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The CPA pipeline: A big problem in need of even bigger solutions

Accounting Today

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How Small Businesses Can Fight Payroll Fraud Schemes

Patriot Software

Fraudulent activity can be difficult to detect. On average, instances of payroll fraud last approximately 36 months, wreaking complete havoc on the organization. The longer fraudulent activity continues, the more financial fallout it causes for the business. What systems do you have in place to protect your company against payroll fraud? Arm your business against […] READ MORE.

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IRS cloud security is lacking: TIGTA

Accounting Today

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Where will your accounting journey take you?

ThomsonReuters

For today’s tax and accounting professionals, the name of the game is doing more with less. In a world where tax regulations are constantly changing, clients are demanding more, and competition is fierce, it’s hard to decide where to invest your limited time and resources. To find your accounting firm’s unique path to success, it’s important to understand your accounting journey: where you are and where you want to go.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.