Accounting Today

NOVEMBER 3, 2022

Account 98

Account accountant accounted 98

SMBAccountant

NOVEMBER 3, 2022

The benefits of following GAAP for Small Business: Many small business owners shy away from anything associated with Generally Accepted Accounting Principles (otherwise known as GAAP) thinking they apply only to large publicly held organizations. This thinking is far from true, however. GAAP was created to be a standard "rule book" for organizations to follow, and was intended to be used by all businesses -- small and large, private and public.

accounting principles 130

accounting principles Government Account accountant 130

Patriot Software

NOVEMBER 3, 2022

As a business owner, you need more incoming than outgoing money to keep your company afloat. How much money you have left over after you pay expenses is known as profit. You should measure your business’s profits, which is known as profitability. Understand profit vs. profitability to analyze your company and make financial decisions. Profit […] READ MORE.

Account 111

Account accountant accounted 111

Going Concern

NOVEMBER 3, 2022

On Thursdays the official NASBA Twitter account publishes #ThursdayThoughts, usually some kind of tip or trick like last week’s advice on what to do if you are having trouble matching to your NASBA Dashboard’s CPA Portal account ( here’s the link for that if you need it). But today’s thought is less a tip and more of an abject dream-crusher.

cma 89

cma CPA Account accountant 89

Advertiser: Paycor

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Patriot Software

NOVEMBER 3, 2022

Being able to effectively manage your incoming and outgoing money ensures you have a healthy business. To do so, you need accurate financial records. Make necessary changes to your business through P&L management. Profit and loss statement Before talking about P&L management, you need to understand a P&L statement. A profit and loss statement for […] READ MORE.

Account 95

Account accountant accounted 95

Intuitive Accountant

NOVEMBER 3, 2022

Murph is back for Part 2 of his series on training and how it can impact your Top 100 ProAdvisor score. Here, he gives you some reasons to remember 'where you were' and 'what you took' when it's time to complete your application.

88

88

Intuitive Accountant

NOVEMBER 3, 2022

CurioHaus' Sonia Dumas provides an actionable plan on how you can create a cryptocurrency advisory service revenue stream. Sign up for the Nov. 30 webinar now.

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93

Patriot Software

NOVEMBER 3, 2022

There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking equity, you must learn about the different types of equity that can apply to your company. Different types of equity Before jumping into different forms of equity, let’s quickly review what business equity is. […] READ MORE.

accounting books 92

accounting books business accounting Account accountant 92

KROST

NOVEMBER 3, 2022

Pasadena, California – KROST’s Assurance & Advisory Principal, Keith Hamasaki, CPA, has made the Los Angeles Business Journal’s Top 100 Accountants list. In addition, he is also in the running for the specialty awards that will soon be announced. We will be supporting Keith at the 2022 Top 100 Accountants event on November 9, 2022, Read the full article.

Account 86

Account accountant accounted California 86

Patriot Software

NOVEMBER 3, 2022

As a small business owner, setting up your accounting books and maintaining accurate records is essential. To make that happen, you need to be familiar with accounts payable and accounts receivable. Both accounting entries are part of double-entry bookkeeping, but what is the difference between accounts payable vs. accounts receivable? What is the difference between […] READ MORE.

accounts payable 91

accounts payable double entry bookkeeping Account accountant 91

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

NOVEMBER 3, 2022

One of the most important aspects of successful accounting for a business is organization. Transaction records, tracking and reporting on areas of the business all fundamentally revolve around organized data and information.

Account 82

Account accountant accounted NetSuite 82

Patriot Software

NOVEMBER 3, 2022

As a small business owner, it’s your responsibility to make your company more accommodating for employees, customers, and other individuals with disabilities. And, did you know that qualifying small businesses can claim a tax credit for doing so? Learn about the disabled access credit to find out if you’re eligible. What is the disabled access […] READ MORE.

Tax 85

Tax business tax Account accountant 85

Xero

NOVEMBER 3, 2022

‘Tis the season for, well, lots of things. Get trick or treating out of the way, and then it’s time for the holidays. Finish unwrapping your presents, and get ready for New Year’s Eve. Once you’ve caught up on your sleep, it’s arguably the most exciting time of all – that’s right, tax season. . In all seriousness, tax season can be an extremely stressful time for taxpayers and accountants alike – perhaps even more so this year, with HMRC’s monumental change, Making Tax Digital (MTD) for VAT , fu

income tax 74

income tax Tax Account accountant 74

Patriot Software

NOVEMBER 3, 2022

Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […] READ MORE.

Account 81

Account accountant accounted 81

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

Withum

NOVEMBER 3, 2022

Effective January 1, 2023, plan sponsors will be required to use the redesigned Form W-4P and the new Form W-4R. Previously, Form W-4P was used to calculate withholding on pension or annuity payments, whether paid on a periodic or nonperiodic basis. Going forward, the redesigned Form W-4P will be used for periodic pension or annuity payments; the new Form W-4R will be used for withholding on nonperiodic payments and eligible rollover distributions.

income tax 65

income tax payroll Tax 65

Patriot Software

NOVEMBER 3, 2022

When you started your business, you might have chosen to use cash-basis accounting. Cash basis is the simplest way to record your books. It is good for new businesses with few transactions. You might consider switching to the accrual accounting method as your business grows. Accrual accounting offers several perks for financial management. And if […] READ MORE.

accrual accounting 74

accrual accounting Account accountant accounted 74

Intuitive Accountant

NOVEMBER 3, 2022

Ratio CPA’s Paulina Szuszkiewics shows you why a strong web presence is ideal for putting yourself in front of potential clients.

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77

KROST

NOVEMBER 3, 2022

This is one of the articles in the KROST Quarterly Hospitality Issue, titled “What Happens When You End a Lease Early for a Nonprofitable Location” by Aric Wong The pandemic has caused many restaurants to close due to a loss of revenue. Even after the reopening of dine-in restaurants in California, many anticipate significantly reduced Read the full article.

California 65

California Hospitality cpas CPA 65

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Technology

Withum

NOVEMBER 3, 2022

A Department of Labor (DOL) compliance audit can have a significant impact on your local union. Read on to learn what triggers a DOL audit, what you can expect, common audit findings and ways to minimize the headaches if your organization is audited. . What Triggers a DOL Audit? . Many factors can lead to your organization being selected by the DOL for a compliance audit.

audit 59

audit auditor CPA Government 59

Patriot Software

NOVEMBER 3, 2022

When you own and operate a small business, you build up a collection of tangible and intangible assets. Tangible assets include valuable things you can touch, like your business’s building, vehicles, equipment, furniture, etc. Intangible assets are the opposite—they are not physical items. As a result, accounting for intangible assets can get tricky.

Account 59

Account accountant accounted 59

Accounting Insight

NOVEMBER 3, 2022

A debate that will divide economists and business leaders the world over – but should businesses invest in financial technology and systems on the brink of a recession? Phil Douglas , Chief Executive Officer at Compleat Software , the purchase to pay software house, explains that businesses should consider a recession the ideal time to invest in their financial tech, systems and people.

Technology 59

Technology accounts payable AP Processes payroll 59

Going Concern

NOVEMBER 3, 2022

BDO went to the well again (the well being Canada) to find its newest global CEO, Pat Kramer. And the guy Kramer is replacing is the same guy he replaced as BDO Canada CEO seven years ago. BDO has today [Nov. 1] announced that Pat Kramer, former CEO of BDO in Canada and a member of BDO’s Global Board, will succeed Keith Farlinger as the Global CEO of the BDO organization.

audit 57

audit 57

Advertiser: Paycor

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MineralTree

NOVEMBER 3, 2022

Today’s business landscape has economists on their toes: the lingering impacts of COVID-19 along with supply chain disruptions has restricted economic output and driven up costs. These higher costs have led to widespread inflation and prompted the Fed to hike up interest rates, thereby driving up the cost of capital for businesses and borrowing costs for consumers.

AP Automation 52

AP Automation AP Processes Technology accounts payable 52

Going Concern

NOVEMBER 3, 2022

With Joe U. going global , there will soon be a vacancy in the office of the CEO at Deloitte. Fortunately for the Green Dot, it has enough people waiting in the wings who have the bona fides to fill that seat. Let ’s take a look at a few of the top contenders who could be nominated during the firm’s next formal leadership election as the next Deloitte CEO, as well as some honorable mentions: Lara Abrash.

audit 57

audit Hospitality Government New York 57

Patriot Software

NOVEMBER 3, 2022

A company is only as good as its employees. Most employers have heard this quote, or some variation of it, which is one reason the scramble to find talent is so important. And when you do hire employees, you want to make sure your business benefits from them. You don’t want to spend thousands of […] READ MORE.

Account 52

Account accountant accounted 52

Withum

NOVEMBER 3, 2022

When hiring employees, you want people who will perform their work with integrity. When that integrity is compromised, an organization can suffer significant losses, like one union that lost over $100,000 in one year. The Incident. For over 15 years, Sherry faithfully served the small labor union as their beloved bookkeeper. Now faced with her retirement, management hired her replacement: Jack.

Employee Expense Reimbursement 52

Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

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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.

Finance

Patriot Software

NOVEMBER 3, 2022

Thinking about providing petty cash to employees? Before establishing a petty cash fund at your small business, be prepared to create a petty cash accounting system. You must record petty cash transactions, even if you think they’re too low to matter. Without a petty cash system, using small cash amounts periodically can add up to […] READ MORE.

Account 52

Account accountant accounted accounting system 52

ThomsonReuters

NOVEMBER 3, 2022

QUESTION: A participant in our company’s DCAP has a child who will turn 13 during 2023. The DCAP is offered under our cafeteria plan, and both the DCAP and cafeteria plan are calendar-year plans. The participant and spouse are both employed full time, and the child attends an after-school day-care program. Can any of the child’s 2023 after-school day-care expenses qualify for reimbursement from our DCAP?

Tax 52

Tax Account accountant accounted 52

Patriot Software

NOVEMBER 3, 2022

As a small business owner, you have many accounting responsibilities, like tracking your business transactions, income, and expenses. And on top of juggling these tasks, you must also understand which basic accounting forms are relevant to your small business. Basic accounting forms Some categories include reporting income and expenses, filing estimated taxes, claiming deductions, and […] READ MORE.

basic accounting 52

basic accounting Account accountant accounted 52

ThomsonReuters

NOVEMBER 3, 2022

Saloojas v. Aetna Health of Cal., Inc., 2022 WL 4775877 (N.D. Cal. 2022); Saloojas Inc. v. Blue Shield of Cal. Life and Health Ins. Co., 2022 WL 4843071 (N.D. Cal. 2022); Saloojas v. Cigna Healthcare of Cal., Inc., 2022 WL 5265141 (N.D. Cal. 2022). Aetna. Blue Shield. Cigna. An out-of-network health care provider has sued multiple health insurers for failing to reimburse the full cost of COVID-19 testing as posted on the provider’s public website.

Healthcare 52

Healthcare Tax Account accountant 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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