Wed.Nov 09, 2022

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work. Then you’ll love this new guide. Let’s get started. Table of Contents.

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Work Opportunity Tax Credit Provides Help to Employers

RogerRossmeisl

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hire workers from targeted groups who face significant barriers to employment. The credit is worth as much as $2,400 for each eligible employee ($4,800, $5,600 and $9,600 for certain veterans and $9,000 for “long-term family assistance recipients”).

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Xero announces CEO succession, Sukhinder Singh Cassidy appointed

Xero

I’m pleased to let you know t hat today we announced the appointment of Sukhinder Singh Cassidy as Xero’s new CEO, on 1 February 2023. Sukhinder will succeed Steve Vamos who after serving almost five years as CEO, is retiring from the role and plans t o return to his previous portfolio in business coaching and leadership development as an advisor, director and investor.

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Year-End Tax Planning Ideas for Individuals

RogerRossmeisl

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2022. Many taxpayers won’t itemize because of the high 2022 standard deduction amounts ($25,900 for joint filers, $12,950 for singles and married couples filing separately and $19,400 for heads of household).

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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How to Organize Your Business Finances

Patriot Software

The lifeblood of any business — large or small — is financial integrity. Efficiently managing your small business accounting can help determine your success. If you don’t know where to start, consider leveraging accounting software. By getting your finances in order, you will save a lot of hours, headaches, and dollars. Getting your books organized takes […] READ MORE.

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Business Valuations Needed for Private Stock Donations

RogerRossmeisl

Charitable contributions can be an effective way to lower taxes for the current tax year, but they don’t necessarily have to be made with cash. Charities also welcome donations of company stock, which offer a hidden bonus to donors if the shares have appreciated in value over the years. To reap the tax benefits on private stock donations, however, it’s essential to obtain a business valuation from a “qualified appraiser.

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Future Forward: Generating Year Round Tax Advisory Revenue with Niche Services

Intuitive Accountant

RC Reports' Paul Hamann takes a deep dive into another approach your firm can use to drive profits. Sign up for the Nov. 30 Future Forward webinar now.

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Corporate climate reporting efforts fall short

Accounting Today

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What Is a Corporation?

Patriot Software

One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation. According to the Small Business Administration, 18.5% of small employers structure as corporations.

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Xero’s half year 2023 financial results

Xero

Today we announced Xero’s half year financial results to 30 September 2022 (H1 FY23). . Xero continued to deliver strong growth momentum with more small businesses placing their trust in our cloud technology and open platform to run their business and meet critical compliance needs. . Our H1 FY23 performance highlights include operating revenue growing 30% (27% in constant currency) to $658.5 million, total customer lifetime value increasing 30% to $13 billion, and subscribers up 16% to 3.5 mill

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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An Accountant’s Guide to Offering Payroll Services to Clients

Patriot Software

“Behind every good business is a great accountant.” As an accountant, you probably agree with this saying (as you pat yourself on the back). But, you’re more than an accountant to your clients: you’re also their trusted advisor. And as an advisor, your role extends beyond reconciling their accounts. It might extend so far as […] READ MORE.

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Jessica Offer named in CPA Practice Advisor’s 40 Under 40

Withum

Withum is proud to share that CPA Practice Advisor named Jessica Offer on their annual 40 Under 40 List. As a Partner at Withum with over 12 years of experience, Jessica services clients primarily in the emerging and middle markets focusing on technology and emerging growth companies. As a known mentor and recipient of the Client Service Strength Award, she is a role model and resource for staff members, always ready to assist with engagements or personal development and coaching.

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Know How Financial Loss Affects Your Small Business

Patriot Software

It’s great when your business is consistently profitable. But, sometimes, unexpected situations come up. Depending on the circumstances, your business could experience an unforeseen loss. You need to know how a loss in business can affect your company in the long-term. What is a business loss? A business loss occurs when your business has more […] READ MORE.

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20 Days to a Better Firm: Keep them in the loop

Accounting Today

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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Expense Reporting for Small Business

Patriot Software

If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy. What is an expense report? Expense reports are used to track purchases that employees make […] READ MORE.

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Fighting through the downturn: How CEOs and CFOs can take action together

Accounting Today

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6 tips for preparing your small business for the upcoming holiday season

Basis 365

The holiday season is a time to celebrate and rejoice. Christmas parties and snow mark this time of year. This is when people spend money on presents for their family and friends. As a result, businesses have great opportunities to increase sales as millions of people converge on the streets. The large influx of people and rising demand encourages small businesses and the industry.

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California voters reject tax-the-rich measure for electric cars

Accounting Today

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8 Pillars of Leadership Development

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.

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Is My Business Tax Exempt?

Patriot Software

As a small business owner, you probably spend a lot of time and money on taxes. But, not all businesses have to pay taxes. Have you ever wondered, “Is my business tax exempt?” There are rules you have to follow for tax-exempt status set by the IRS. Characteristics of tax-exempt organizations Tax-exempt organizations do not […] READ MORE.

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GOP closes in on narrow House majority, Senate still in play

Accounting Today

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Focus On Your Clients By Outsourcing Your Accounting

AccountingDepartment

Today, more and more businesses are outsourcing different areas and departments to run their business leaner. Today's business owners can ultimately outsource anything.

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PE billionaire Smith to testify against lawyer in tax case

Accounting Today

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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How to Write Off Bad Debt

Patriot Software

When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens. What is bad debt? Bad debt is when someone owes you money, but the debt becomes worthless (amounts to […] READ MORE.

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IIA makes changes to CPE policy

Accounting Today

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Profiles in Diversity Journal Names 2 Withum Team Members on Black Leadership Awards List

Withum

Withum is excited to share that Adrienne Smith and Jasmina Woodson have been named on Profiles in Diversity Journal’s (PDJ) Black Leadership Awards List. Adrienne is a Senior Project Manager and Assistant Virtual Chief Information Officer on Withum’s Cyber and Information Security Team. She is a former US Army Senior Communications subject matter expert and advisor.

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Offer Credit to Customers: The Pros and Cons

Patriot Software

Offering credit to your customers can be a risky, but rewarding, endeavor. You need to weigh the pros and cons before you offer credit to customers. Is offering credit to customers right for your small business? Deciding if extending credit to customers is right for your company can be challenging. To help you, here are […] READ MORE.

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How to Set Better OKRs and Drive Results

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.

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3 Ways Technology Is Transforming Accounting Services

IgniteSpot

Top Accounting Services Technologies. Videoconferencing, online ordering, and virtual assistants have all made our personal and professional lives easier. So why couldn’t your accounting needs benefit the same way? Technology is transforming accounting services every day, and your business can take advantage of three major advancements.

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The CFO at Tyson Foods Had a Kick Ass Weekend

Going Concern

Tyson Foods CFO John Tyson (yep, that Tyson) was arrested in Arkansas on Sunday after he allegedly got drunk and decided to take a nap in a stranger’s bed, probably naked. A police report says a the woman whose bed he passed out in found him snoozing at 2 in the morning, reeking of alcohol and generally out of it. mugshot courtesy Washington County Sheriff’s Office.

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Can 'pure-play' wealth manager Avantax compete with the giants?

Accounting Today

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Withdrawal Rates in Retirement

Withum

Two weeks ago, I suggested a way to make withdrawals from your asset base to cover living expenses. A few people emailed me asking about the 4% withdrawal rule. Basically, the 4% rule suggests that 4% of your assets are withdrawn every year to cover your living costs. The 4% is not a rigid amount, and different financial planners use it differently.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

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.