Thu.Jul 07, 2022

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How to develop important key performance indicators to grow your business

Wellers Accounting

Ercan Demiralay FCCA explains the importance of key performance indicators to help you grow your business.

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Blog: Sales tax post-Wayfair: Costly for remote sellers, a cash cow for states

TaxConnex

If it feels to you like the whole economic nexus and sales tax landscape is one-sided, the U.S. Government Accountability Office and many small businesses seem to agree. A GAO report states that all states with a statewide sales tax and D.C. adopted remote sales tax laws covering online sellers in the wake of 2018’s Supreme Court Wayfair decision – and due to those adoptions, 33 states reported $23 billion in remote sales tax revenue in 2021.

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Trending Sources

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Legal Protections for Franchise Dealers Against Direct Manufacturer Sales

RogerRossmeisl

As posted to CBT News on 6/14/22 (Click Image to View Clip – Run Time: 18 min, 46 sec) Automakers have been making some unprecedented moves with regards to electric vehicles. so much so that many franchise dealers are becoming concerned about the future of their businesses. In this clip, automotive attorney Len Bellavia sits down virtually with Jim Fitzpatrick on CBT News’ “Inside Automotive” to discuss recent factory announcements as well well as his perspective on the f

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OSCPA gives $54K in scholarships to Oklahoma accounting students

Accounting Today

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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.

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Tesla Model Y 4680 Structural Battery Pack Analysis

RogerRossmeisl

As posted to the Munro Live YouTube Channel on 7/5/2022 (Run Time 17 min, 23 sec) The team at Munro & Associates just dropped the structural battery pack (with 4680 cells) out of their brand new Texas-made Tesla Model Y. What they found is some that they’ve never seen. ever. The seats, console, carpet, etc. are mounted to the structural battery pack which can be removed in one assembly from the bottom of the car.

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IRS audited former FBI directors Comey and McCabe

Accounting Today

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More Trending

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Winning the war for talent

Accounting Today

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The Talent Crunch is So Bad Firms You’ve Never Heard of Are Offering $7000 Referral Bonuses

Going Concern

LaPorte who? Well now you’ve heard of them. From New Orleans City Business : “Just like every other company and industry, we have felt the effects of the ‘Great Resignation,’” said Patty Paz, chief operating officer at LaPorte CPAs & Business Advisors. “We have worked hard over the last two years to put in place several initiatives to even out our losses and gains.”.

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Clockwork – A July 2022 Analytics/Reporting App

Intuitive Accountant

Along with reporting apps, we're looking at apps that perform financial metrics and business analytical forecasting. See why Clockwork is an easy to use app to predict, manage and plan your business finances.

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3 Withum Partners Named to NJBIZ 2022 Accounting Power 50 for Second Consecutive Year

Withum

Withum is proud to announce that three Partners, including Managing Partner and CEO Bill Hagaman , were named to the 2022 Edition of NJBIZ ’s Accounting Power 50 List. In the Number 6 spot , Bill Hagaman was praised for his longtime leadership at the Firm and his success in its growth. Additionally, the profile expands on Bill’s efforts in fostering an inclusive workplace for Withum teammates, including the Firm’s placement on lists like the Human Rights Campaign’s Corporate Equality Index and D

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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.

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NetSuite Automation Could Be What You Need To Grow

AccountingDepartment

Implementing a strong ERP system like that of NetSuite lays the groundwork for companies to further their automation capabilities, efficiencies, and more.

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Bill Bradshaw Named to ROI-NJ’s List of Most Influential DEI Leaders in 2022

Withum

Bill Bradshaw , Director of Inclusion and Diversity at Withum, was named in the New Jersey publication ROI-NJ as a top DEI leader in the state. Since joining the Withum team as the first Director of Inclusion and Diversity, Bill spearheaded initiatives that further established Withum’s commitment to fostering authenticity, transparency and engagement to uphold three pillars of inclusion and diversity; workforce, workplace, marketplace.

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“Would You Like to Round up for Charity?” 6 Facts to Know About Checkout Donations 

Patriot Software

You’re at the checkout counter, wallet in hand, preparing to pay for your purchase. But before you can, the cashier asks if you’d like to round up or make a donation for charity. Sound familiar? If so, you’re part of the millions of consumers hit with a request for checkout donations. And if your business […] READ MORE.

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Tax Fraud Blotter: Garbage in…

Accounting Today

Tax 98
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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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Record Keeping in the New Landscape

Intuitive Accountant

While the pandemic's worst days may appear to be over, we still live in a different world. DOCUDavit Solution's Sid Soil examines how everything continues to change for legal record keeping.

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GASB sets guidelines on notes to financial statements

Accounting Today

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Elements Effective Accounting Workflow Management Systems | Canopy

Canopy Accounting

Is your accounting firm intentional about process and workflow? If the answer is no, it’s only a matter of time until processes start breaking down. Without a well-defined workflow management system and the appropriate processes in place, it doesn’t take much for things to fall apart—it could be a seasoned employee leaving and taking legacy knowledge with them, or restructuring your file organization system.

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Congrats to Xero’s 2022 NABA Scholarship recipient

Xero

At Xero, we’re passionate about mentoring and encouraging the next generation of accounting, small business, and finance leaders. One of many industry associations we are proud to support is the National Association of Black Accountants (NABA). We were honored to be on the ground at NABA’s Annual Convention last month as a sponsor of their 2022 scholarship program, which has provided over $375,000 in scholarships to their students. .

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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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How to Increase Profit Margins Through Virtual CFO Services

IgniteSpot

What are virtual CFO services? A virtual CFO does everything an in-house chief financial officer does, either part-time or on contract. These pros are typically a more accessible option for small businesses that maintain a low overhead. That’s because the alternative—an in-house CFO—is usually expensive.

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The Impact of Turnover and Inflation on Business Owners

GrowthForceBlog

7 min read. It's no secret that right now is a difficult time to be in business.

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What should you cover in a mid-year review?

Basis 365

Now that we are halfway through 2022, it is time to assess your business. Business owners can use mid-year reviews to evaluate their business and adjust to reach their goals. A reality check can be a great way to improve the performance of your business over the second half. It takes time and dedication to conduct a valuable assessment. Make sure you have time to prepare for your evaluation.

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How to solve your firm’s staffing crisis

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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eCommerce: Lowering traditional barriers and inspiring entrepreneurialism

Xero

eCommerce is lowering traditional barriers to entry for small businesses, says a new Xero study, which is creating a new generation of profitable niche operations. We surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how ecommerce was changing business ownership. To participate in the study, advisors had to have clients who were online-only and clients who were in traditional brick-and-mortar businesses.

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A sharper focus on ESG

Accounting Today

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Big 4 Conflicts of Interest Are in Regulators’ Crosshairs, EY Tops the Independence Naughty List

Going Concern

There’s a story in the New York Times today about how EY “devised an elaborate arrangement” for nonprescription drugmaker Perrigo to avoid more than $100 million in taxes, an arrangement that was questioned by Perrigo’s then-auditor BDO. Perrigo did what any reasonable tax-avoiding nonprescription drugmaker would do and dropped BDO for EY, hence totally resolving the issue.

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3 Withum Team Members Named to NJBIZ 2022 Accounting Power 50 for Second Consecutive Year

Withum

Withum is proud to announce that three Partners, including Managing Partner and CEO Bill Hagaman , were named to the 2022 Edition of NJBIZ ’s Accounting Power 50 List. In the Number 6 spot , Bill Hagaman was praised for his longtime leadership at the Firm and his success in its growth. Additionally, the profile expands on Bill’s efforts in fostering an inclusive workplace for Withum teammates, including the Firm’s placement on lists like the Human Rights Campaign’s Corporate Equality Index and D

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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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Important Changes for Chicago Businesses, Effective July 1, 2022

Nancy McClelland, LLC

Chicago’s Minimum Wage Increase, Fair Workweek Changes, and Sexual Harassment Laws Enhancements — and a Chicago Sick Pay Reminder. The City of Chicago’s fiscal year runs from July 1-June 30, so most changes tend to take effect at the beginning of the “new year” This year is no exception — and there’s a lot that has changed.

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How Much Should You Increase Your Prices This Year?

Ryan Lazanis

With inflation hitting records in many parts of the world, how should you approach price increase this year? In this podcast episode, I’ll be taking a closer look at improving your pricing strategy without alienating existing clients. Listen below. 0:54 – It is a cop-out to increase prices based on rising living costs without also increasing the value that is provided. 1:20 – You are short-changing yourself if you utilize a price increase approach based on inflation. 1:36 ̵

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How Synder helps busy bookkeepers get back valuable hours and ensure accurate books for their clients

Snyder

Bookkeepers only have so many hours in each day, so how can they make the most of their time and get more clients, while ensuring accuracy for each client they work with? . While some bookkeepers have become concerned that tech is out to replace them, industry professionals like Marissa Stillwell of Bookkeeper360 know that using the right tech tools to their advantage is the key to future proofing their business.

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What Is Surprise Balance Billing, and What Does Our Health Plan Have to Disclose About It?

ThomsonReuters

QUESTION: What is surprise balance billing, and what must our group health plan disclose about it? ANSWER: Balance billing occurs when a provider bills a covered individual for charges disallowed by the plan because the charges exceed the plan’s allowed amount. It occurs only with out-of-network providers since in-network providers have agreed to accept a negotiated rate as payment in full for their services, and there is no outstanding balance after the plan and participant have each paid thei

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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.