Tue.Jan 10, 2023

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3rd Annual Sales Tax Market Research Survey Results Released!

TaxConnex

We have completed our third annual survey of top financial professionals on how they are managing sales tax. This year’s results reveal a perfect storm is brewing for financial leaders who continue to depend on internal resources even though expertise and bandwidth is lacking while companies struggle with the current economic climate, rising inflation, and a tight job market.

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How Startups Can Make $1M Per Year Doing Nothing

BurklandAssociates

With interest rates up, startups should evaluate deploying capital they won’t need for a while into interest-bearing instruments. The post How Startups Can Make $1M Per Year Doing Nothing appeared first on Burkland.

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3 Minutes with Mark Wickersham

Accounting Insight

Kicking off our first ‘3 Minutes With’ of the year is Mark Wickersham – Accountex trail blazer, Chartered Accountant, public speaker and #1 best-selling author. He is known for helping accounting firms double their profits in less than 18 months without having to work harder or do any uncomfortable marketing. In May 2011 his first book, “Effective Pricing for Accountants”, was a number 1 Amazon bestseller. 1.

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What Real Customers Have to Say About Online Bookkeeping and More

IgniteSpot

Understanding Online Bookkeeping Services. One of the simplest things you can do to get your finances organized is to hire a bookkeeper. Online bookkeeping services take care of the minutiae of recording financial records both correctly and on time.

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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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Meet the Top 7 FP&A Trends for 2023

Insightful Accountant

As financial planning and analysis continues to evolve, keeping up with the trends is critical. Jedox CFO Dr. Björn Schmidt dishes on the top trends for you to watch this year.

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7 Trends That Could Change the Workforce in 2023

GrowthForceBlog

7 min read. To say the least, the last several years have been tumultuous for businesses around the world. Key Takeaways. Trends That Could Change Your Business in 2023 - Hybrid and Remote Work: If you want to hold onto your employees and attract top-quality candidates in 2023, then it might be necessary to transition to a hybrid office model…. Trends That Could Change Your Business in 2023 - Retention Through Cross-Training, Collaboration: With upskilling, career development, and on-the-job tra

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Accounting Cost For Small Business: How Much An Accountant Costs Your Small Business

Snyder

Business owners are fully aware of the importance of accounting, but how much should they expect to pay for it? A business owner must understand how much, on average, business accounting costs. After all, accounting, as an integral part of a business, is something not to put aside. To answer the above question, we’ll need to look at small business accounting as a process.

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Accountex Australia opens visitor registration

Accounting Insight

Europe’s top accounting and finance event is heading down under to bring the Accountex experience to Australia on 15-16 March 2023 at Sydney’s ICC. Commercial Director, Alex Haughton of Diversified Communications, said there has been a significant push from the Australian industry to get an Accountex event for the local market. “Accountex will be an invaluable opportunity for these firms to scope the latest innovations and gain the practical and positive tools they need to help Australia’s busin

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Register Today for QB Talks with Esther Firedberg Karp

Insightful Accountant

The Jan. 18, 2 p.m. (EST) edition of 'QBTalks' features Esther Friedberg Karp and Murph discussing the powerful capabilities of QuickBooks Enterprise for 2023.

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FREE CPE/CE Webinar: §199A and Reasonable Compensation – Jan 12 & Feb 2, 2023

Nancy McClelland, LLC

Presented by Thomas Gorczynski Partner/CEO/President Gorczynski & Associates, LLC. One of my favorite presenters — Tom Gorczynski — is giving a free webinar in conjunction with RCReports (one of my favorite apps), and CPA Academy (one of my favorite education platforms) this Thursday, January 12 (to repeat on Thursday, February 2), on Section 199A and how it interacts with Reasonable Compensation requirements.

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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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Netflix Picks an EY Alum For Its Next Chief Accounting Officer, Replacing the Last Guy Who Dipped After Three Months

Going Concern

I was going to make some kind of Sense8 “canceled before its time” joke about Netflix’s last CAO leaving after just three months alas nothing came to me which is probably for the best because it would have been a stupid joke anyway. Deadline reports that Netflix has found a new CAO, hopefully this one can stick it out longer than the last one.: Netflix has hired PayPal veteran Jeffrey Karbowski, 45, as VP and Chief Accounting Officer.

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Want Your Business to Pay Less in Taxes? Here’s How to Reduce Your Tax Bill

Patriot Software

Running a business also means paying business taxes. Regardless of what you’ve heard, business taxes don’t have to be stressful. In fact, you can actually reduce your tax bill. Read on to learn about business taxes and how to reduce your tax bill as a small business owner. Plus, get five tips for reducing your […] Read More.

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The IRS Raises 2023 Retirement Plan Contribution Limits

Dent Moses

As they do each year, the IRS announced 2023 retirement plan increases as follows: 2022. 2023. 2023 Catch Up. 401(k), 403(b) & 457. $20,500. $22,500. $7,500. Traditional or Roth IRA. $6,000. $6,500. $1,000. SIMPLE IRA. $14,000. $15,500. $3,500. SEP IRA. $61,000. $66,000. N/A. Catch-Up Contributions. Individuals aged 50 or older are allowed to make additional catch-up contributions to qualified plans.

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Filling historic gaps in National Insurance (NI) records comes to an end on 5 April 2023

Inform Accounting

The ability to fill historic gaps in National Insurance (NI) records to top up your state pension will come to an end on 5 April 2023. Under normal NI top up rules it is only possible to fill gaps in your NI record for up to six years. This would mean that the year ended 5 April 2017 would be the earliest year that could be filled currently. However, for a limited period (until 5 April 2023) it is possible to go back further and fill gaps for any year from 2006/07 onwards.

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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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How to find the right software to manage multiple entities as your business grows

Accounting Insight

Growth is the reason most businesses exist. Expansion, acquisitions and new ventures should be exciting prospects. But they can also cause severe headaches for the people who have to worry about producing a comprehensible set of accounts at the end of it all. Whether the growth in your organisation has been organic or achieved by acquisition, it may have produced a complex group of related entities which are difficult for the finance department to keep track of and manage.

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Canopy @ QuickBooks Connect 2022

Insightful Accountant

Canopy is an all in one practice management solution. So all of your document management, workflow management, and your time, your billing, all of your client interaction is all in one spot.

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PracticeWIN – the free App to help develop your firm

Accounting Insight

As an accountant, you know first hand how busy and demanding your profession can be. Between client meetings, deadline-driven projects, and ongoing professional development, it can be a challenge to stay up-to-date on the latest news and developments. That’s where PracticeWIN comes in. PracticeWIN is a free, comprehensive App designed specifically for everyone in an accounting firm – from owners and managers to staff accountants and juniors – curating fresh insights and learnin

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AvidXchange @ QuickBooks Connect 2022

Insightful Accountant

Insightful Accountant caught up with Lance Conrad of AvidXchange during QuickBooks Connect in Las Vegas.

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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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House votes to strip IRS funds intended to catch tax cheats

Accounting Today

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How accountants can win the recruitment challenge

Mark Lee

Many accountants, even in the smallest of firms are keen to recruit the right people. In our mentoring conversations we will often discuss what type of person and experience is really needed and where compromises may be necessary. Often the upshot is a candidate profile that is more relevant and and easier right find than before we started talking. But getting clarity as to who you want to recruit is still only the first part of the process.

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Supreme Court considers attorney-client privilege in tax case

Accounting Today

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Beware These Red Flags in Hospital Physician Credentialing

Anders CPA

Hospital credentialing of physicians is partly an application and document-gathering procedure, but just as important is the investigative angle. Hospitals must verify information during the physician credentialing process to expose any red flags that were missed during the hiring process. Avoid negligent credentialing lawsuits with a strong primary source verification system and protect patient safety along the way.

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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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Deloitte teams with Fordham on grad scholarships

Accounting Today

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The importance of collecting mentors

Reckon

The idea of mentorship is hardly a novel one – it’s been the primary way people have been passing down knowledge for Millenia. Some of you may have a few mentors already. You may not even think such people as being ‘mentors’ as such. Many more of you will think you don’t need one – you’re bright and experienced enough to make your business work, right?

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Crypto accounting and decrypting digital assets

Accounting Today

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What is Lockstep Self-Service?

Lockstep

Accounting Self-Service Live for Customers and Vendors. Receiving more requests for invoices and documents from customers more frequently? Are vendors asking you for more documents, more often? Do you spend more time managing disputes and organizing customer communications? Is providing a superior customer experience every step along the way a priority?

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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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Cybercriminals get corporate to launch more sophisticated attacks

Accounting Today

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House Republicans Go After IRS Agent Funding But Leave Technology Funds Alone Because Even the GOP Agrees IRS Call Wait Times Suck

Going Concern

This lady is going to be on hold for a long time, her phone isn’t even plugged in to the wall. The GOP-led House voted 221-210 on Monday to eliminate almost 90 percent of $80 billion in new IRS funding under the Inflation Reduction Act, much of which is supposed to be used to fund the hiring of 87,000 new employees over the next ten years (a bit on how difficult it is going to be to find 87,000 IRS agents here ) to replace the IRS’s aging workforce.

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IASB proposes leeway for deferred tax accounting under OECD rules

Accounting Today

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Businesses turn to accountants to assess climate risks

Accounting Today

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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.