Tue.Aug 08, 2023

article thumbnail

Top 3 Business Best Practices of a Well-Oiled Accounting Firm

Canopy Accounting

In our recent Canopy webinar we dove into 3 key topics that can allow firms to make more money and scale their organizations more sustainably. There are so many ways a firm can operate with more focus and strategy, but in the recent webinar we dove into the big ways that can make fast changes.

article thumbnail

Understanding the VC Cycle

BurklandAssociates

The venture capital industry is cyclical and ultimately self-correcting. Be patient if you can, better conditions are not far off. The post Understanding the VC Cycle appeared first on Burkland.

130
130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managing Exemption Certificates – the importance of validation

TaxConnex

Valid exemption certificates from your customers are critical in managing your overall sales tax risk. Yet a surprising number of companies have inadequate processes to receive, validate, maintain, and update exemption certificates. Under audit, an otherwise exempt sale will be deemed taxable without such documentation. That leaves you open to liability.

auditor 130
article thumbnail

Big Four: AI will augment, not replace, accountants

Accounting Today

The four largest firms are squarely on 'Team Human' when it comes to artificial intelligence — and don't believe the tech is even at a level where it can take over all of a human's job.

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

Los Angeles Business Journal Names Two Withum Leaders As Influential Women

Withum

Withum is proud to share that the Los Angeles Business Journal (LABJ) has named Aza Ghazaryan, Partner, and Kerra Diener, Senior Manager, on their Leaders of Influence: Women in Accounting list for 2023. Aza Ghazaryan CPA, MBA, is a tax partner with over 15 years of experience in helping business minimize their tax liability. She provides tax compliance and consulting services to partnerships and high-net-worth individuals and serves business clients in various industries, including real estate

article thumbnail

The 2023 MP Elite

Accounting Today

In its 12th edition, this annual report highlights 10 outstanding accounting firm leaders.

More Trending

article thumbnail

3 Minutes with Bev Flanagan

Accounting Insight

Introducing Bev Flanagan, a qualified accountant of 27 years. Bev founded, grew and successfully sold her accounting practice after 17 years. Her goal is to ampower accountants and bookkeepers to boost their accounting practices for profitable future exits. How did you get into your profession? I did a BTEC in business and finance in college and one of the topics was accountancy.

article thumbnail

No PII in Email? Is This Realistic In Firms Today?

CPA Practice

By Chris Farrell, CPA. Prior to the 80’s (and arguably into the 90’s), communication with clients was simple and ironically pretty secure. Documents and information were gathered primarily via in-person meetings, phone calls, and snail mail. Staff worked in an office together. The front desk handled most incoming items, leaving the accounting, tax and bookkeeping staff to do their work using documents and information delivered from clients.

CPA 98
article thumbnail

IRS employee union gets new leader

Accounting Today

The National Treasury Employees Union, whose members include Internal Revenue Service agents and revenue officers, elected Doreen Greenwald, a longtime federal employee and local union leader as the next national president.

article thumbnail

Why Inclusive Workforces Matter, What They Look Like, And How to Build One

CPA Practice

By Michael DeAngelo. The accounting profession is going through a period of real change. The introduction of hybrid-work, a new generation of accountants entering the workforce, the rise of lifestyle firms, and an increasingly complex operating environment all have implications for firm leaders wanting to attract and retain the best talent. I’ve dedicated my career to helping organizations, both big and small, build the right People Strategy.

article thumbnail

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

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Holographic wills: More risk than reward

Accounting Today

The recent case of Aretha Franklin's estate highlights the issues surrounding these handwritten testaments.

Tax 98
article thumbnail

Job Seekers Still Favor 401(k) Plans Amid Economic Uncertainty

CPA Practice

By Kathryn Pomroy, Kiplinger Consumer News Service (TNS) Job seekers continue to see 401(k) savings accounts as a must-have benefit when considering a new job, as they find that current economic conditions are making it difficult to save for retirement, according to a new Charles Schwab survey. Some 62% of workers listed inflation as an obstacle to saving for a comfortable retirement, up from 45% last year, and 42% said that stock market volatility is another obstacle, up from 33% last year, the

article thumbnail

Choosing the Right Outsourced Accounting Firm Key Factors to Consider

Basis 365

With the dynamic business landscape, many companies are turning to outsourced accounting firms to streamline their financial processes and gain access to specialized expertise. Outsourcing accounting functions can offer numerous benefits, including cost savings, improved accuracy, and enhanced efficiency. However, selecting the right outsourced accounting firm is crucial for the success of your organization.

article thumbnail

Massachusetts High School Students Explore Accounting Careers at MassCPAs Summer Program

CPA Practice

The Massachusetts Society of Certified Public Accountants (MassCPAs) recently partnered with Suffolk University to host two cohorts of the Accounting Careers Exploratory (ACE) Leadership Program for 26 high school students across the state. These free, specialized programs ran from July 17-21 and July 24-28 at Suffolk University. ACE students spent the week learning about accounting careers and other business-related professions.

article thumbnail

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.

article thumbnail

‘The American Accounting Association Is Not Serious’ and Other Such Thoughts From a Professor Who’s Quitting the AAA

Going Concern

Editor’s note: The two essays you are about to read were sent to us by J. Edward Ketz, Associate Professor of Accounting at Penn State. In the first, he explains why he is quitting the American Accounting Association (AAA). The second essay — “Ernst & Young in an Ethics Scandal: Ho-Hum” — is the opinion piece he wrote for the AAA to meet their request for a piece that would “provoke thought on an important contemporary issue.” The AAA chose not to pu

auditor 97
article thumbnail

QB Talks: List-makers Perspectives on Making the Top 100

Insightful Accountant

On Wednesday, Aug. 16, at 2 p.m.

97
article thumbnail

Key Factors to Consider While Choosing the Right Bookkeeping Service Provider

AccountingDepartment

Outsourcing bookkeeping functions can be a strategic decision for businesses, providing professional expertise and freeing up valuable time for core operations. However, selecting the right bookkeeping service provider is crucial to ensure a seamless and successful partnership. In this blog post, we will guide business owners in choosing the right bookkeeping service provider by highlighting key factors such as industry experience, service offerings, reputation, technology integration, and clien

article thumbnail

New York Business Stifled Due to Federal Research Capitalization Rules

Withum

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same. It is every accountant’s nightmare to explain that the ability to immediately deduct research and experimental (“R&E”) activities is no longer available for federal budget reconciliation reasons.

article thumbnail

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.

article thumbnail

Revitalizing the Accounting Talent Pipeline

CPA Practice

By Rina Henning. Recruiting and employee retention have topped the priority list of businesses at large in the recent past, but for the accounting industry, it has been a primary focus for most of the last decade. Competition for accounting talent is fierce. As soon as sophomore year of college, accounting majors seemingly already have internships lined up for consecutive seasons, and some even have “offers in-kind” for when they graduate.

Account 88
article thumbnail

Tips for taking on a messy comingling cleanup in QuickBooks Online

5 Minute Bookkeeping

Starting with a new bookkeeping client can be an exciting opportunity, but what happens when their books are a mixed mess of personal and business transactions? It becomes crucial to implement effective strategies to untangle the comingling mess and establish proper bookkeeping practices. When that happens to you, here are my tips for taking on a messy comingling cleanup in QuickBooks Online.

article thumbnail

Tax Implications and Structuring Alternatives To Avoid Dual Partner-Employee Status

Cherry Bekaert

Does the grant of an unvested profits interest to an employee create “partner” status? If so, what are the tax implications of treating a partner in a partnership as an employee? What are some structuring alternatives to avoid dual partner-employee status? In this post, we evaluate a hypothetical scenario to illustrate how different structuring options affect a company’s tax obligations and its ability to reward an employee with profits interests.

Tax 78
article thumbnail

The red flags of tax ID theft

Accounting Today

The IRS offers advice on how practitioners can know when their client information is at risk.

Tax 76
article thumbnail

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.

article thumbnail

HOW creative agencies can make more profit

Inform Accounting

Managing Director, Sian Kelly, of Inform Accounting shares what businesses in the creative industries should be doing to help increase their profits and improve Inform are firm of accountants in the West Midlands. Inform are expert cloud accountants and a Xero Gold Partner. If you would like to talk to Sian please get in touch.

Account 52
article thumbnail

The MP Elite: Tips for bolstering the talent pipeline

Accounting Today

The 2023 Managing Partner Elite discuss how to reverse the trend of fewer young people joining the profession.

75
article thumbnail

Survey Says: One in Four Workers May be on the Move

Insightful Accountant

A Robert Half report shows that nearly half of workers queried are currently looking to do something different.

52
article thumbnail

Business groups oppose PCAOB's NOCLAR standard

Accounting Today

Several prominent business trade groups are objecting to the Public Company Accounting Oversight Board's proposed changes in auditing standards related to noncompliance with laws and regulations.

audit 75
article thumbnail

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.

article thumbnail

Warehouse Wednesday: What About Using Barcodes in the QBO SKU Field?

Insightful Accountant

This 'Warehouse Wednesday' rehashes an older one to accomplish four goals. We want (need) your input, just as you gave it to us in 2015.

52
article thumbnail

Is it really worth buying an accounting practice?

Accounting Today

Consider the pros and cons of starting your own firm instead of buying one.

article thumbnail

Your Guide to Getting the Most Out of Dreamforce 2023

Accounting Seed

Top 5 Tips for Your Dreamforce Experience Dreamforce —Salesforce’s most-loved user conference—has been a highlight for many business professionals since its inception in 2003. This year, Dreamforce is taking place in San Francisco from September 12-14 at the Moscone Center. From on-site training and networking opportunities to exciting concerts and parties, Dreamforce brings no shortage of valuable experiences for Salesforce administrators, developers, partners, users, and prospects alike.

B2C 52
article thumbnail

Rand Paul holding up U.S.-Taiwan tax legislation

Accounting Today

The Kentucky senator plans to block legislation to reduce double taxation for those involved in U.S. and Taiwan cross-border investment.

article thumbnail

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.