Sat.Oct 01, 2022

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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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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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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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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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Planning Your Restaurants 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.

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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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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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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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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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Deloitte launches artificial intelligence initiative

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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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

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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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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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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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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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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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National Day for Truth and Reconciliation

DMCL

Today we honour the resilience, dignity and strength of survivors and intergenerational survivors of the Residential School system and share the memory of the children who never came home. DMCL recognizes that reconciliation is an ongoing process that does not end on October 1, and as such we encourage our staff and clients to continuously reflect, listen, learn and engage with the history of residential schools in Canada so that they may be a part of the reconciliation process.

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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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Anders Names 6 New Partners for 2023

Anders CPA

Anders is proud to announce that Brent Kaniecki , Lesley Sanchez, CPA , Beth Schulte, CPA , Justin Marty, CPA , Luke Luckett, CPA/PFS, CEPA , and Nathan Stonner, CPA are being named partners of the firm, effective January 2023. The new group of partners was announced at Anders annual September firm meeting, where the entire firm comes together. They will join the rest of the partner group in guiding the firm, identifying new opportunities, as well as developing and maintaining client relationshi

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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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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.

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??How a Credit Policy Can Stop Cash Flow Problems Before They Start

GrowthForceBlog

6 min read. To survive in business, you need to have money coming into your company accounts before you have to pay cash out (or you need cash reserves to cover cash flow shortfalls or cash flow gaps).

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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 extends time to 'perfect' R&D credit claims

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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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.

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

Accounting Today

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

Accounting Today

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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.

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

Accounting Today

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

Accounting Today

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CFO pessimism is on the rise, says Grant Thornton survey

Accounting Today

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

Accounting Today

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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.