CPA Practice
FEBRUARY 1, 2023
For many accountants, we have times of intense, long work hours followed by slower periods. However, with the average accountant working longer hours during the busy season, it’s easy to go from a 40-hour week to one that is 60 – 80+ hours. If you want to minimize time spent in the office or working virtually, you need to work on your time management.
MyIRSRelief
FEBRUARY 1, 2023
Tax anxiety, TAXIETY, comes in different forms of tax problems such as: What is an IRS audit taxiety? An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. If the IRS finds errors or discrepancies in the tax return during the audit process, it may result in an adjustment to the tax liability and possibly additional taxes owed, penalties
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CPA Practice
FEBRUARY 1, 2023
As expected, the Financial Accounting Standard Board (FASB) voted on Wednesday to issue an exposure draft of a new accounting standard that would require companies to measure cryptocurrency assets, like Bitcoin and Ethereum, using fair value accounting, with gains and losses recorded in current period comprehensive income. Last October, the board decided that fair value accounting was the right method for crypto assets, which was a substantial development because there currently are no accountin
Insightful Accountant
FEBRUARY 1, 2023
Our readers are always asking for software comparisons, so Murph conducted a review of 10 Password Managers; tossed two out, but ranked the remaining eight for your consideration.
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Reckon
FEBRUARY 1, 2023
Cybercrime is no joke, and it’s becoming even more prevalent and catastrophic as this nefarious space evolves. While the threat level of events like data breaches and phishing scams are rising, it’s also possible to combat most forms of cyberthreats and mitigate them with good IT hygiene and security best practices. While complete immunity is not on the cards, you can radically reduce the possibility of falling foul to cybercrime and data loss with a quick checklist.
CPA Practice
FEBRUARY 1, 2023
The New Jersey accounting firm SobelCo has joined CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, effective February 1, 2023. “We chose CLA because of our shared client promise and core values,” said Alan Sobel, managing member, SobelCo. “In joining CLA, we’re gaining the capacity to expand our team and strengthen our commitment to understand the challenges our clients face and deliver targeted business strategies to address those challenges on both a perso
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 1, 2023
New York-based Citrin Cooperman said on Wednesday it has acquired fellow New York firm Berdon, in a deal that should place the combined firm among the 20 largest in the U.S. with annual revenues of more than $600 million. Citrin Cooperman is the 24th largest accounting firm in the U.S. by revenue, while Berdon ranked No. 47 in the most recent INSIDE Public Accounting top 500 firm listing.
Basis 365
FEBRUARY 1, 2023
Structuring your accounting infrastructure can be daunting, no matter how big or successful your company is. Companies often ask about the differences between accountants and controllers. Although accountants and controllers are closely related roles, the most significant difference is the level at which they provide oversight to their respective organizations.
CPA Practice
FEBRUARY 1, 2023
By Alex Tanzi, Bloomberg News (TNS). The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners, a new study shows. Some 64% of US consumers — equivalent to 166 million people — were living paycheck-to-paycheck at the end of 2022, according to the survey by industry publication Pymnts.com and LendingClub Corp.
Going Concern
FEBRUARY 1, 2023
Image via CliftonLarsonAllen CLA has merged with New Jersey’s SobelCo (a firm we’ve heard only good things about) and produced the obligatory press release about the union. Shout out to Allan Koltin, the prenuptial counselor of accounting firm marriages, who helped with the deal. News release : Today, CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, announced that New Jersey-based SobelCo team members joined CLA on February 1, 2023.
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.
CPA Practice
FEBRUARY 1, 2023
A majority of hiring managers (53%) said in the past year their company eliminated the requirement for a bachelor’s degree in some or all positions where that degree is not essential, according to a new survey from Intelligent.com. Of the companies that eliminated the bachelor’s degree requirement, 60% say they did so for entry-level roles, 57% did for midlevel positions, and 33% did for senior-level positions.
Lockstep
FEBRUARY 1, 2023
If you’re an accounting or finance professional, chances are you’ve heard of surcharging. But what is it, and how can it benefit small and medium-sized businesses (SMEs)? Let’s take a closer look. Put simply, surcharging is adding a fee to customers who pay with a credit card. While this may seem like a burden at first glance, there are actually some very compelling reasons for SMEs to consider implementing surcharging policies.
CPA Practice
FEBRUARY 1, 2023
Three years after the Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted, SECURE Act 2.0 (the Act) was passed into law on December 26, 2022. It is designed to improve the current and future state of retiree income, and furthers the SECURE Act’s significant changes for expanding coverage, increasing retirement savings, and simplifying and clarifying retirement plan rules.
Withum
FEBRUARY 1, 2023
The IRS recently released Notice 2023-2 providing their initial guidance regarding the application of the excise tax on the repurchase of corporate stock. The notice provides interim guidance which taxpayers may rely on when applying the excise tax until final regulations are issued. The excise tax, §4501, was enacted as part of the Inflation Reduction Act of 2022.
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
Patriot Software
FEBRUARY 1, 2023
Do you need to give your employees paid sick leave? Several states have laws requiring it—including Arizona. If you’re an Arizona employer, you need to know your sick time responsibilities to stay compliant. So, are you ready to brush up on Arizona paid sick leave?
Insightful Accountant
FEBRUARY 1, 2023
In honor of 'Black History Month,' Intuit QuickBooks commissioned a survey of 1,000 Black business owners to highlight their small business struggles and successes.
Withum
FEBRUARY 1, 2023
In this winter edition, Withum brings you the latest updates from tax credits to stock exclusions in automotive industries. Read more to find out how to keep your dealership driving in the fast lane! Inside This Issue Survival of the Fittest? Auto Tech Companies Should Be Considering Section 1202 Stock Exclusions How the Evolution of the 2023 R&D Tax Credit Impacts Your Dealership Technology Services Company AICPA Dealership Conference – Updates and Takeaways View Interactive Newsletter Cont
Canopy Accounting
FEBRUARY 1, 2023
In our recent webinar, "A Guide for 2023 Tax Season Individual Updates" , we provided a quick guide to understanding the updates for the 2023 tax season and highlighted some ways you can help your clients (and yourself) prepare for the season.
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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
Withum
FEBRUARY 1, 2023
Small organizations often assume they can fly under the radar and avoid cyber threats. We typically hear, “We are too small to be a target for cybercriminals,” which is not necessarily true. For example, Withum serviced a small non-profit organization that shared this sentiment and became a victim of ransomware. The attack shut down their agency for a month while they worked to recover systems and files.
Insightful Accountant
FEBRUARY 1, 2023
The latest feature allows for storing of reports, future scaling and easier reporting for all customers.
ThomsonReuters
FEBRUARY 1, 2023
Anyone with a passing interest in global commerce knows today’s global marketplace necessitates managing shipments from origin to a destination not only in a timely manner, but also in keeping with the regulatory requirements, administrative apparatus, and laws of all countries involved within each shipment’s supply chain, a best practice known generally as “compliance.
Going Concern
FEBRUARY 1, 2023
Insider has published an ‘as-told-to- essay from EY Americas Vice Chair — Talent Ginnie Carlier in which she offers insight on what the firm is looking for from prospective hires. One takeaway: add a “personal purpose statement” to your résumé if it doesn’t already have one. This is not a bland objective — those have been out for years — but rather a short statement on who you are, what you bring to the table , and what you’re looking for.
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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.
Canopy Accounting
FEBRUARY 1, 2023
For accountants, clients are the lifeblood of business. After all, without them there is no business. Firms that know this often make marketing and client acquisition a top priority and are willing to invest time and money into it. Though, for many firms, what often gets left behind is the equally important need to focus on client retention. After a client has been acquired, accountants should do all they can to build a trusting relationship and keep the client.
Insightful Accountant
FEBRUARY 1, 2023
Difficulties—seen and unforeseen—happen. Reach Reporting's Justin Hatch walks you through some of the items you can add to your financial forecasting checklist to prepare for it all.
Withum
FEBRUARY 1, 2023
Small businesses often assume they can fly under the radar and avoid cyber threats. We typically hear, “We are too small to be a target for cybercriminals,” which is not necessarily true. For example, Withum serviced a small non-profit organization that shared this sentiment and became a victim of ransomware. The attack shut down their agency for a month while they worked to recover systems and files.
Summit CPA
FEBRUARY 1, 2023
As a distributed company , not only do we serve our clients remotely, but our team members work remotely as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while working remotely with (and for) our customers, and we couldn't do any of it without our amazing team.
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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.
CPA Practice
FEBRUARY 1, 2023
By Molly Smith, Bloomberg News (TNS). Vacancies at U.S. employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation. The number of available positions climbed to a five-month high of just over 11 million in December from 10.4 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday.
Withum
FEBRUARY 1, 2023
Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. This year, a group from Withum attended to bring all of the best information back to our clients and our team. Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around.
IgniteSpot
FEBRUARY 1, 2023
4 Ways Virtual Bookkeeping Boosts Your Work Efficiency Accurate and up-to-date bookkeeping is vital to any organization’s success, but there are several areas where a virtual accounting service truly excels.
Menzies
FEBRUARY 1, 2023
Menzies LLP - A leading chartered accountancy firm. A Civil and Structural Engineering practice that had been with their previous accountant for 20 years. There’s a different way of doing it The problem they had was simple. Their accounting records were not fit for purpose. Rather than point this out, the previous accountants had simply accepted it, allowing the internal financial controller to continue to issue monthly 125-page management information reports that were too cumbersome to be
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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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