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Starting a new business is a pretty exciting time for any new business owner. The idea that they are beginning something great empowers them to work their hardest and do their very best to have a successful business. These first few moments as a new business owner are exciting times, however, they may cause the business owner to underestimate the importance of having good accounting practices in place from the very start.
Over the past month, we’ve made updates to support the transition to Single Touch Payroll Phase 2 in Australia, improvements to eInvoicing, changes to multi-factor authentication, and more. Read on for more details about these and other product updates in Xero. New features. Enjoy more beautiful reports — Global. We’ve made a number of enhancements to new reports in Xero over the past month.
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.
Invoicing is one of the most critical parts of running a business or practice. That’s why we’re committed to providing you with a smart and simple way to create and send an invoice, so you can work more efficiently, get paid on time and give your customers a better experience. We have two invoicing experiences in Xero right now: the older version (known as ‘classic’ invoicing) and ‘new’ invoicing.
If you’re a small business owner, you can deduct your mileage on taxes as a business expense. But, make sure you’re following the rules about what drives you can deduct. Here’s what every small business owner should know about deductible business mileage. Why should I care about my mileage? Your miles can really add up. […] READ MORE.
From early November 2022, we’ll be updating some fields in Xero Practice Manager (XPM) and Xero HQ. This is all part of our work to provide you with a more unified client record in the future, so you can enjoy a seamless connection between our practice tools. . What’s changing in XPM and Xero HQ. Over the coming weeks, the fields in your practice tools will look a little different.
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From early November 2022, we’ll be updating some fields in Xero Practice Manager (XPM) and Xero HQ. This is all part of our work to provide you with a more unified client record in the future, so you can enjoy a seamless connection between our practice tools. . What’s changing in XPM and Xero HQ. Over the coming weeks, the fields in your practice tools will look a little different.
Product pricing can make or break your small business. If you set prices higher than what customers are willing to spend, you lose sales. But if you set prices too low, you don’t earn at your highest potential. Price points need to meet somewhere in the middle to generate the most revenue. Do you know […] READ MORE.
When job hunting, how do you summarise yourself in a single page? Your experience, from school to jobs to hobbies. Your personality, the way you’d fit into a team. Same goes for businesses – how do you neatly compose a job listing that tells a potential hire exactly what makes you so special? . This is where tech startup PreviewMe comes in. PreviewMe is a video-led platform, enabling businesses to streamline the hiring process, and job seekers to put their best foot forward. .
November 30 kicks off the next Insightful Accountant 'Future Forward' conference. Here, Murph looks at the first day of the event, including his own presentation.
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.
Accounting Today reported on Friday: The estimated gross U.S. tax gap increased to $496 billion annually for tax years 2014 through 2016, a rise of over $58 billion from the prior estimate — and the Internal Revenue Service estimates the gross tax gap will rise to $540 billion for 2017-2019. “The increase in the tax gap estimates reflects that the IRS needs to do more, both in improving taxpayer service as well as working to improve tax compliance,” said outgoing IRS Commissioner Chu
You’re struggling to find good, quality candidates to fill an open position. Or, you’ve found the perfect candidate and want to sweeten the job offer. What do you do? In either case, you may consider offering a sign-on bonus. But before you advertise a $500, $1,000, or $5,000 (you get the picture) sign-on bonus, you […] READ MORE.
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.
Gross income is an important financial figure you can use to calculate other figures and determine how your business is doing. Learn about gross income, how to calculate it, and how to use it. What is gross income? Gross business income is the amount your business earns from selling goods or services before you subtract […] READ MORE.
You may want to start a new career or may consider starting an e-commerce store as a possibility of additional income. Whatever the reason, selling on Shopify may become your solution as it’s really easy and convenient. In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify.
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.
Established nearly three years ago, ERC was part of a larger relief package to help businesses pull through the pandemic. Check out the story on our sister site, Tax Practice News.
On Nov. 21, tune into a free webcast for members featuring Jason Fox, CalCPA vice president of government relations, and political consultants Missy. The post CalCPA BUZZ: Get the Inside Scoop on Election Season appeared first on Hot Topics.
California residents are used to hearing, and oftentimes experiencing, negative consequences for living in the Golden State. Whether it be earthquakes, forest fires, homelessness, or drought, we also seem to be surrounded by a stream of news about businesses fleeing California for the lower tax and regulation-lite states of Texas, Nevada, or Arizona.
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.
Deloitte announced today that the man with the hardest to spell last name in accounting Joe Ucuzoglu will be taking over for Punit Renjen as Deloitte Global CEO. Yes, there’s a press release : The Deloitte Touche Tohmatsu Limited (Deloitte Global) Board today announced the selection of Joe Ucuzoglu as Deloitte Global CEO, subject to a ratification vote by Deloitte member firm partners.
Landscaping is a unique industry in the U.S. in that it has a high market capitalization while also being extremely diversified. It’s estimated that 70% of the nearly 600,000 landscaping businesses in the country are operated by small business owners—all of whom are vying for part of the $105 billion annual market. Landscaping has a comparatively low barrier to entry, consistent demand, and little liability, meaning that savvy business owners can turn good profits.
For many businesses, collecting sales tax is a mandatory part of selling goods and providing services. After collecting sales tax from customers, you are responsible for remitting the tax to your state or local government. But before you start collecting, you need to know how to calculate sales tax. Figuring sales tax rates can be […] READ MORE.
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.
If you are a sole proprietor or partner, you or you and your partners are entitled to everything in your business. You don’t provide dividends to shareholders. You have full ownership of your business. However, you still have liabilities that you need to handle. Failing to consider your liabilities will give you a false picture […] READ MORE.
I never thought this was something we’d have to tell an expert witness: The attorney who retained you to provide your expert opinion can’t write your report for you. Attorneys often want to have input on the the expert’s report.
You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below. Self-employed meaning Self-employed people are those who own their own businesses and work for themselves. According to the IRS, you are self-employed if you act as a sole proprietor or independent […] READ MORE.
ADP's Dr. Nela Richardson and Julie Arzonico take a deep dive into the state of the economy, sharing an analysis of the 'National Employment Report' tailored to today's small business owners. Sign up for the Nov. 1 webinar here.
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.
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