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”).

Tax 231
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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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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.

CPA 204
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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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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.

Finance 99
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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.

CPA 98

More Trending

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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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Getting Ready for Top 100 – Training Part 3

Intuitive Accountant

In preparation for this Top 100 feature, Murph answers the question everyone has been dying to know. But you're going to have to read the story to find out.

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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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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.

payroll 97
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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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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.

Tax 105
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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.

Account 95
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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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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.

Account 91
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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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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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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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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.

Account 78
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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.

Account 80
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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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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.

Tax 72
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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.

Account 80
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The Facts About Surcharges

Lockstep

Guest Contribution from Fortis. What to know before you charge. Mention the word “surcharge” around merchants or service providers, and you might get confused faces and blank stares. There may be a bit of mystery that surrounds this concept, so our partners at Fortis have put together a list of questions they hear the most from merchants in regard to surcharges.

Legal 66
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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.

Account 68
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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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MRR vs. ARR: What’s The Difference and Why Does It Matter?

Shay CPA

Since most startups operate at a loss in their early years, it might feel like there’s no way to get a handle on areas where you are seeing revenue growth. Fortunately, even while you’re operating on a shoestring, you can tap into two metrics to visualize where your business is seeing more revenue — or losing it. The main tools here are monthly recurring revenue (MRR) and annual recurring revenue (ARR).

CPA 59
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What Is the Difference Between an Invoice and a Statement?

Patriot Software

Invoices and statements are regularly used in business. You send invoices and statements to bill customers. And, vendors send you invoices and statements so you know how much you owe. But, what is the difference between an invoice and a statement? What is the difference between an invoice and a statement? In order to accurately […] READ MORE.

Account 52
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ICYMI: Indiana Joins Other States Softening Their Requirements to Sit For the CPA Exam

Going Concern

Effective November 2, Indiana CPA exam candidates need just 120 education units to sit for the exam making Indiana one of 47 jurisdictions that allows prospective CPAs to sit before meeting the 150 unit requirement for licensure (150 are still required for the big three letters after your name). At its July 29 meeting , the Indiana Board of Accountancy held a public hearing for the 120-to-sit and CPA Exam changes rule.

Indiana 52
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Working With Freelancers at Your Small Business

Patriot Software

As a small business owner, you have to take care of all your company’s tasks. Your responsibilities can get overwhelming. To help you complete tasks, you may want to try working with freelancers. Freelancers have specialized skills. For example, you might hire a freelancer to update your company’s website. Unlike employees, freelancers work on a […] READ MORE.

Account 52
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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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Lessons for accountants from….personal trainers

Mark Lee

When someone decides they want to get fit they could choose the DIY route at a gym or they can engage a personal trainer. The trainer will ask if the client has has had a trainer before. If so, what did the client like about the exercises, the fitness regime, the advice they received and the way they were treated? The trainer will also ask what the client wants to achieve.

Account 52
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4 Ways to Improve Your Small Business Credit Score

Patriot Software

A business credit score measures how well your company handles debt. A good business credit score can help you gain capital to grow, as well as help you borrow funds when cash is low. You can improve your small business credit score with a few simple steps. Improve your small business credit score Learning how […] READ MORE.

Account 52
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Why Networking on LinkedIn is Important with Donna Serdula

Summit CPA

The Virtual CPA Success Show: Episode 66. In this episode, Jamie Nau, our host and Summit CPA's Director of Virtual CFO, and Adam Hale, Partner at Anders CPAs + Advisors, sit down with Vision Board Media's Founder & Owner, Donna Serdula, to talk about LinkedIn as a networking platform for professionals, its benefits for your personal brand and for your business.

cpas 52
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What Is Ordinary Income?

Patriot Software

As a small business owner, you track the money your company earns in your accounting books. Can you identify the types of income you record? For example, ordinary income is a common type of income that your business earns. What is ordinary income? As a small business owner, you need to account for your company’s […] READ MORE.

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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.