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

Accounting Today

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Here Are the Projected 2023 Public Accounting Starting Salaries in Eight HCOL Cities

Going Concern

ICYMI yesterday, we reported that starting salaries for public accounting next year are expected to increase between 2.3% and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. Last year around this time we looked at how public accounting starting salaries in five cities with the highest cost of living —San Francisco, New York City, Washington, DC, Boston, and Seattle—compared to

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Ian victims get federal filing relief

Accounting Today

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Setting up payroll for a remote team

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

Accounting Today

Tax 105
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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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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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

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

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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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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

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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CFO pessimism is on the rise, says Grant Thornton survey

Accounting Today

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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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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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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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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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

Accounting Today

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

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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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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IRS cloud security is lacking: TIGTA

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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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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Problems You face with an In-House Accounting Team

Basis 365

You want your business to run smoothly and efficiently. You need to be in complete control of the company's operations. You will be able to see what is happening. This puts you in control. Accounting and bookkeeping are essential parts of any business. While having bookkeepers and accountants in-house has its benefits, there are also pitfalls. Let's look at the drawbacks of having an in-house accountant and/or bookkeeper.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.