Ryan Lazanis

OCTOBER 27, 2022

Chasing clients for missing documents and information is one of the frustrating issues that accounting firm owners have to deal with. So today, I’d like to share an unused strategy that will likely increase your chances of getting your client’s attention to reduce chasing after them. Listen Below. 1:07 – We rely on our clients to submit what we need on time in order to perform our duties. 1:15 – Not getting what we need creates a backlog in our work. 1:40 – Early on in my

accounting firms 52

accounting firms Sales Account accountant 52

TaxConnex

OCTOBER 27, 2022

Our Halloween-month look at tricky items concludes with a natural: candy. Consumers are expected to spend more than $3.1 billion on candy this Halloween. (Did you know a kid would have to play full-court basketball for more than 14 straight hours to burn off all the calories in a typical Halloween candy haul?). Remember when you were a kid and you thought candy was food?

Sales 130

Sales West Virginia South Dakota Tax 130

Patriot Software

OCTOBER 27, 2022

When you think of nonprofits with tax-exempt status, your mind might go straight to charitable or religious organizations. However, these types of groups aren’t your only options for becoming a tax-exempt nonprofit. If you own a social welfare organization, you can apply for 501(c)(4) status with the IRS. What is 501(c)(4) status? 501(c)(4) status refers […] READ MORE.

Tax 105

Tax Account accountant accounted 105

Snyder

OCTOBER 27, 2022

When you’re an e-commerce business owner, setting up your online store with Etsy sounds like a great option for creating an additional revenue stream, with over 96 million active buyers across the world purchasing goods on the platform. One thing that might be complicated is choosing a payment option that will work best for you — and one that will guarantee your customers an excellent online shopping experience.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

ThomsonReuters

OCTOBER 27, 2022

QUESTION: Our company’s group health plan for active employees also covers retirees for 18 months after retirement. While the company pays 100% of the premium for active employees, it pays only 60% of retiree coverage, with the retirees paying the other 40%. Must retiring employees who were covered under the health plan as active employees be offered COBRA coverage?

Tax 98

Tax Account accountant accounted 98

Patriot Software

OCTOBER 27, 2022

If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status. What is 501(c)(3) status? Applying for 501(c)(3) status can be confusing for organizations. What is a 501(c)(3)? Section 501(c)(3) of […] READ MORE.

Tax 98

Tax Account accountant accounted 98

Patriot Software

OCTOBER 27, 2022

As a small business owner, you are likely familiar with recording and keeping an eye on transactions. However, are you thoroughly monitoring business expenses and income? Learn the steps to take for tracking business expenses and income and the importance of tracking them below. Steps for tracking business expenses and income Review the steps below […] READ MORE.

Account 93

Account accountant accounted 93

Going Concern

OCTOBER 27, 2022

Deloitte pushed out some survey results this week that confirm what leaders have been telling themselves ever since the first Millennials entered the workplace at the turn of the century: ‘purpose’ is just as important as pay. Sure, guys. Sure. A Deloitte survey of over 4,000 respondents* found that over half of employees (62%) consider an organisation’s purpose before deciding to join, with over a third (36%) saying that an organisation’s purpose was just as important as their salar

Account 88

Account accountant accounted 88

Patriot Software

OCTOBER 27, 2022

If your business operates in a location that imposes sales tax, you are likely familiar with the concept of sales tax. But, have you heard of sales tax nexus? Mastering sales tax nexus boils down to one question: What is nexus? Read on to learn the basics of sales tax nexus, including state guidelines and […] READ MORE.

Sales 86

Sales Tax business tax Account 86

Xero

OCTOBER 27, 2022

Small businesses have survived – and continue to face – a myriad of challenges from a global pandemic, supply chain disruptions, and now impacts of inflation and the rising cost of living. I am constantly impressed by the resilience and adaptability of small businesses as they navigate new challenges and identify opportunities. . Through our latest Xero Small Business Insights (XSBI) data, we can see the global trend of the rising cost of living impacting small business sales.

Sales 86

Sales bookkeeping 86

Advertiser: Paycor

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Patriot Software

OCTOBER 27, 2022

Running your small business isn’t cheap. And securing financing to run your business isn’t cheap, either. Taking out business loans can weigh you down with high interest rates. To help offset this expense, you might be able to claim a business loan interest tax deduction. Not all interest expenses are tax deductible. To claim this […] READ MORE.

Tax 86

Tax Finance business tax Account 86

Going Concern

OCTOBER 27, 2022

The NMC Health collapse of 2020 is still haunting EY UK, this time in London High Court as NMC administrators accuse the firm of failing in their duties and not noticing “one of the biggest frauds ever alleged at a FTSE 100 company.” The administrators, whose job it is to find some funds to repay NMC creditors, say EY auditors did not detect that NMC’s accounts were fraudulently misstated to the tune of a couple billion dollars.

audit 79

audit auditor Legal Transportation 79

Patriot Software

OCTOBER 27, 2022

Choosing a business structure is one of the first and most important business decisions you make. The type of entity you choose affects what business taxes you owe, your profits and losses, and the level of control you have in your company. If you decide to start a business with at least one other person, […] READ MORE.

business tax 82

business tax Tax Account accountant 82

KROST

OCTOBER 27, 2022

When considering the creation of a will or a trust, one usually thinks about pre-death planning. However, the beneficiaries have an opportunity where post-mortem planning comes into play. Let’s look at an important post-mortem planning tool – the disclaimer. A disclaimer is a refusal to accept an interest in or a power over property – Read the full article.

Tax 78

Tax 78

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.

AccountingDepartment

OCTOBER 27, 2022

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching International Summit in Miami, FL.

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Withum

OCTOBER 27, 2022

In the world of early-stage companies, equity compensation is a valuable incentive to attract, hire, and retain top talent. IRC Section 409A, which went into effect in 2009, provides a framework for privately held companies to grant equity compensation. An important part of complying with IRC Section 409A is obtaining an independent business valuation to estimate the fair market value (FMV) of the company’s common stock prior to the issuance of equity compensation.

Tax 72

Tax accounting and finance public accounting CPA 72

GrowthForceBlog

OCTOBER 27, 2022

7 min read. The rise of modern technology and cloud computing has streamlined and simplified the process of business outsourcing. Key Takeaways. Business Outsourcing Pros and Cons in 2023: Outsourcing comes with both potential advantages and potential disadvantages, and whether your business ends up benefiting or…. Best Practices for Business Leaders Considering B2B Outsourcing Services: In order to maintain control and preserve the quality of your company's unique value proposition, it's likely

B2B 68

B2B Technology bookkeeping Account 68

Patriot Software

OCTOBER 27, 2022

Overhead costs are the ongoing expenses that support your business but don't generate revenue. READ MORE.

Account 90

Account accountant accounted 90

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

Technology

ThomsonReuters

OCTOBER 27, 2022

2022 Forms 1094-B, 1095-B, 1094-C, and 1095-C; Draft 2022 Instructions for Forms 1094-B and 1095-B; Draft 2022 Instructions for Forms 1094-C and 1095-C. Form 1094-B. Form 1095-B. Form 1094-C. Form 1095-C. Draft B Form Instructions. Draft C Form Instructions. The IRS has released Affordable Care Act (ACA) information reporting forms and draft instructions for 2022.

Tax 59

Tax Legal Government Account 59

Accounting Today

OCTOBER 27, 2022

Tax 132

Tax 132

Intuitive Accountant

OCTOBER 27, 2022

Bitwave's Patrick White offers three battle-tested crypto accounting tips to pass on to your clients to make your life easier—no matter the season.

Tax 59

Tax Account accountant accounted 59

xendoo

OCTOBER 27, 2022

As a business owner, you may have heard the term deferred revenue before. But, what is deferred revenue and what does it mean for your business accounting? . Deferred revenue is money that you receive from clients or customers for products or services that you haven’t delivered yet. In accounting, deferred revenue can affect your balance sheet and profit and loss statement. .

accounts payable 52

accounts payable bookkeeping accounting and finance Account 52

Advertiser: Paycor

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.

Canopy Accounting

OCTOBER 27, 2022

Need the perfect costume for your office Halloween party? Don’t worry, we’ve got you covered. If it’s for a work party, it could be fun to show up dressed in an accounting-themed costume.

Account 52

Account accountant accounted 52

Patriot Software

OCTOBER 27, 2022

As a business owner, you are likely familiar with traditional methods of raising capital such as seeking help from business angel investors or venture capitalists. However, business owners also have the opportunity to raise funds via crowdfunding. So, what is crowdfunding? What is crowdfunding? Crowdfunding is a method of raising capital through customers, family, friends, […] READ MORE.

Account 52

Account accountant accounted 52

Inform Accounting

OCTOBER 27, 2022

We all have to pay taxes. But what if we told you there are several strategies you can adopt to help reduce the amount of tax you pay? Have we piqued your interest yet? Good! Because we are sharing six tips to help you save tax and get the most for your money! 1. Hire an accountant First and foremost, we strongly recommend hiring an accountant. Their specialist advice can help you identify inefficiencies, develop scalable strategies and (of course) save on tax.

Tax 52

Tax income tax Account accountant 52

Patriot Software

OCTOBER 27, 2022

When a company makes money, it may decide to return a portion of cash to its shareholders. Depending on the business structure, individuals may receive special payments from a business called distributions. Read on to learn what is distribution, types, and how distributions work. Distribution Definition A distribution is a company’s payment of cash, stock, […] READ MORE.

Account 52

Account accountant accounted 52

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Finance

Menzies

OCTOBER 27, 2022

Menzies LLP - A leading chartered accountancy firm. We are delighted to announce that Conor McManus , Manager and member of the private client team at Menzies, has been recognised by ePrivateclient as part of their ‘Top 35 Under 35’ list for the 2022 year. I am extremely proud to have made this prestigious list just 7 years into my professional career.

chartered accountant 52

chartered accountant accounting firms Account accountant 52

Patriot Software

OCTOBER 27, 2022

Before you can get your small company rolling, you need to decide on a business structure. Your business entity impacts everything from taxes to profits and losses, so it’s essential that you choose a structure that works for your company. One popular small business structure is an S corporation. According to the SBA, 52.1% of […] READ MORE.

Tax 52

Tax Account accountant accounted 52

Anders CPA

OCTOBER 27, 2022

Although some of the hype around cryptocurrencies has leveled over the last year, it’s clear that digital assets are here to stay, and the not-for-profit industry should understand how this impacts them. In this episode of But Who’s Counting?, David E. Hartley discusses the possible future of crypto in not-for-profit organizations with Jeanne M. Dee , audit partner and leader of the Anders Not-for-Profit team, including the following highlights: The current accounting rules regarding crypto and

cpas 52

cpas audit CPA Account 52

Patriot Software

OCTOBER 27, 2022

Before you make business decisions or claims about profitability, you should have hard data to back it up. Small business financial ratios quantify your accounting data so you can improve operations, give lenders or investors insight into your business’s profitability, and measure growth. One popular metric businesses put stock into is the LTV:CAC ratio.

Account 52

Account accountant accounted 52

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"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.

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