Tue.Aug 02, 2022

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3 Genius Reasons to Automate Your Accounting Workflow | Canopy

Canopy Accounting

Accounting workflow software is an investment, and before going all in, you’d probably like to know what the return will be. The vague, non-technical, CliffsNotes answer to that question might look something like this: a lot—your ROI will be a lot.

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3 Ways Startups Can Cultivate Positive Mental Health in the Workplace

BurklandAssociates

Our careers and work are an integral part of our lives and even play a role in how we view ourselves and our identity. We spend, on average, 90,000 hours, Read More. The post 3 Ways Startups Can Cultivate Positive Mental Health in the Workplace appeared first on Burkland.

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Wash Sale Rules and Cryptocurrency Tax Planning for 2022

Anders CPA

Cryptocurrencies are on the rise, but many investors don’t understand the tax treatment and impacts of these digital currencies. If you’re already investing or looking into investment opportunities, now is the time to familiarize yourself with current tax reporting requirements and wash sale rules before they apply to cryptocurrencies. What is a Wash Sale?

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Splashtop – A Remote Support Software Synopsis

Intuitive Accountant

Looking for a remote software solution alternative that offers more bang for your buck? Depending on your exact requirements, Splashtop might be what you've been waiting for.

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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.

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Anders Jumps 11 Spots to #89 on IPA Top 100 Firms for 2022

Anders CPA

After joining INSIDE Public Accounting (IPA)’s list of Top 100 firms at #100 in 2021, Anders jumped 11 spots in 2022 to #89. The IPA Top 100, 200, 300, 400 and 500 recognize the top U.S.-based accounting firms based on net revenues. This is IPA’s 32nd annual ranking of the largest accounting firms in the nation. Anders rose through the ranks of the Top 200 firms for many years and broke into the Top 100 list in 2021 with 2020 firm revenue of $43.5 million.

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Key Skills for Accountants in A Post Pandemic World

Accounting Insight

The pandemic has forced everyone to change their business model! As businesses come out of hibernation and ramp up operations to meet the demands of a post-crisis economy, CFOs are expecting a different set of skills from accountants of the future. The next generation of accounting and finance professionals needs to be dynamic, versatile, and comfortable working with latest technology and software.

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More Trending

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How to Get the Most Out of Your Online Accounting Firm

IgniteSpot

Start with Robust Onboarding. Efficient online accounting services don’t take shape overnight. We usually describe it the same way as starting a new job—it starts with a 90-day probationary period. The difference is that an employee spends 90 days learning the ropes, whereas an accounting team uses the time to set you up for success.

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Using tax technology to boost agility and retain staff

ThomsonReuters

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. The mass exodus of employees from the workforce—known as The Great Resignation—is impacting the accounting profession and leaving firm managers scrambling to find quality staff.

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CalCPA BUZZ: Service Award Winners Announced

CalCPA

The following CalCPA Service Awards were presented at CalCPA’s Annual Meeting July 28: Outstanding Accounting Educator Award Dr. Gary Schneider, CPA CSU, Monterey. The post CalCPA BUZZ: Service Award Winners Announced appeared first on Hot Topics.

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Attracting Gen Z talent to the accounting profession

ThomsonReuters

A notable portion of today’s accounting curriculum in college is dedicated to teaching aspiring accountants how to use current accounting technology. When Gen Z talent head out into the real world, they have an expectation that their employers will be using—at a minimum—the tools they learned in school. And many graduates are likely looking forward to learning even more advanced technology on the job.

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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.

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Are outsourcing accounting services a good idea for a mid-sized business?

Basis 365

Accounting is not dependent on the size of the company. It is equally essential for all businesses. Financial aspects are important to businesses as they provide insight into their finances and help them make informed decisions. Larger companies usually have a team of qualified accountants and bookkeepers who help them achieve accuracy and maintain proper accounting.

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FloQast, Microsoft Collaborating on Workflow Integration

Intuitive Accountant

FloQast is joining the Microsoft Business Applications ISV Connect Program to help deliver an efficient and more accurate financial close.

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Happy 125th Birthday, KPMG!

Going Concern

Today is August 2 and KPMG is turning 125! Way to prove the naysayers wrong as they pointed and jeered and insisted that we’d be down to just three Big 4 firms by the end of the 2010s. YOU GO, KPMG. Don’t listen to those haters. There’s a press release because of course there is: KPMG LLP, the U.S. audit, tax and advisory firm, is celebrating its 125th anniversary on Aug. 2.

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Omnichannel NetSuite Integrations Reshape Veteran Businesses

AccountingDepartment

Veteran businesses that have been around for years before high-level technology was commonplace could often find themselves juggling between multiple systems. These systems may have been adopted over the years to help make operations run smoother and simplify some manual processes within the company - or create 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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Los Angeles Might Outsource Its 211 Phone Service to Deloitte and People Are Not Happy

Going Concern

Deloitte Consulting might be picking up a new client: the downtrodden of Los Angeles County. ABC7 reports : Los Angeles County’s nonprofit “211LA” hotline to health, human and social services is on the verge of being turned over to a private company, pending a vote by the county’s Board of Supervisors. The supervisors are slated to vote Tuesday on whether or not to transfer control of the phone service to Deloitte Consulting, which would get a seven-year, $67.25 million c

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New CalCPA chairs plan to focus on diversity, education in accounting

Accounting Today

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Compensation Watch ’22: Did Huge Revenue Boost = Better Raises For BDO USA Employees?

Going Concern

Last week we reported on BDO USA’s stellar fiscal 2022, as the firm raked in just under $2.5 billion in revenue —a nearly 25% increase over 2021’s revenue of $2 billion. At the end of last week’s post, we wondered whether BDO’s large revenue gain would benefit employees during comp conversation time. Well, the 2022 BDO comp thread is out on r/accounting , so let’s take a look. .

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Business Bank Account Fraud: What to Do If You Notice an Unauthorized Transaction

Patriot Software

You’re doing a bank statement reconciliation (aka the process of comparing your bank statement to books) like normal. But, things don’t add up. Suddenly, you realize the discrepancy is because there’s a large charge on your statement … but not in your books. Where’d this come from? I never spent this! And indeed, you haven’t—you’ve […] 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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Relief for homeworking expenses post Covid-19

Inform Accounting

The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home some or all of the time. Household expenses. Employees who work from home may incur costs as a result, such as increased household bills. The tax legislation allows employers to make a tax-free payment of £6 per week (£26 per month) to employees who work from home at least some of the time to help

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Rising cost-of-living pushes consumer confidence to all-time low

Accounting Insight

The Deloitte Consumer Tracker reveals UK consumer confidence fell by three percentage points in Q2 2022, reaching a historic low of -19% and below the previous record set during the lockdown of March 2020; 53% of consumers who are spending more say it is due to prices going up; Almost every measure of consumer confidence in Q2 declined on the previous quarter, with sentiment on disposable income falling to a record -55%, the lowest in the Tracker’s history; and.

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How to prepare for potential climate change disclosure requirements

Accounting Today

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How to stop your clients’ last minute-itus

Mark Lee

How many of your clients only do things at the last minute? Too many, I’d bet. You’re not alone though as “Clients’ last minute-itus” is a common complaint I hear from accountants all over the UK. The question then is how to avoid this? First we need to be clear as to the cause of the problem. Many accountants tell me it’s always been like this. Clients won’t change.

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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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IRS warns preparers on signs of data theft

Accounting Today

Tax 109
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Sales tax holidays for the rest of the year

TaxConnex

Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come. Some of the deals are long-standing; others have been trotted out by lawmakers claiming to want to help constituents weather inflation. These holidays are limited times (frequently weekends) where a state allows sales tax to be eliminated or reduced on categories of consumer products.

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IRS adding more filters trying to catch business tax fraud

Accounting Today

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How accounting firms can fill talent gaps with technology

ThomsonReuters

With The Great Resignation accelerating staffing challenges for accounting firms of all sizes, it might be time to look for a non-traditional new hire: technology. Many firms have historically employed dedicated staff to manage specific manual tasks and processes. In fact, it’s how most entry-level positions start out—entering trial balance data into engagement software, formatting financial statements, or scanning spreadsheets for inaccuracies.

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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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The 2022 MP Elite

Accounting Today

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Forging ahead: Leading an accounting firm into the future

Accounting Today

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Kentucky storm victims get federal filing relief

Accounting Today

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Build Back Better born again (sort of)

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.