Tue.Nov 22, 2022

How promoting the role of accountants and bookkeepers can drive small business growth

Xero

In the House of Lords last week, I watched as we launched our manifesto to support small business recovery. Surrounded by our amazing accounting and bookkeeping partners and small business customers, I understood the magnitude of what we are fighting for. .

Accounting firms and sales and use tax advising: Perfect together?

TaxConnex

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. How can they go about making the move? Mark Friedlich, CPA, vice president of U.S.

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What the IRS's $80 billion in funding means for your tax return

Accounting Today

Tax planning IRS Tax Audit

EY Survey Ironically Finds the Four-Day Workweek is the New Standard at Many Companies

Going Concern

According to the latest EY Future Workplace Index survey, many companies are moving toward a four-day workweek thanks in part to competition for talent.

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Reality TV stars Todd and Julie Chrisley sentenced to prison for tax evasion

Accounting Today

Entertainment industry Tax fraud Tax DoJ Tax evasion

Free Yourself From Business Accounting by Outsourcing

AccountingDepartment

As the holidays approach, no business owner wants to be bogged down with accounting tasks, budgeting next year, or trying to prepare to close the books for 2022. Owning a business has many upsides to it, but one of the drawbacks for many is trying to keep track of the business's finances.

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Holding a Large Position in One Stock? Know Your Options: Exchange Funds

KROST

Do you have a large position in a publicly held company? Are you concerned about having a concentration risk in your portfolio? If the answer is yes, then you should consider using an Exchange Fund, also known as a swap fund.

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Year-end tax planning must-dos for clients

Accounting Today

Tax planning Tax credits Tax Tax breaks Tax deductions

How to Accelerate Your Financial Maturity (And How Virtual CFO Services Can Help)

IgniteSpot

Align Growth with Strategic Goals. To reach financial maturity, the best organizations stay goal-oriented. This can mean different things depending on your company. But as a general rule of thumb, businesses that prioritize their goals make sure that: FEATURED CFO SERVICES

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Deducting gifts to charities requires strict compliance

Accounting Today

Tax Charitable deductions Tax deductions Tax-related court cases

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

Rumor: The Elliott Davis/Whitley Penn Merger Fell Apart in the Eleventh Hour, RIP Elliott Penn

Going Concern

This past summer, the second biggest news around the virtual watercooler of professional services (after the EY split) was that Elliott Davis and Whitley Penn would be combining forces to become — *dramatic flourish here* — Elliott Penn.

Maner Costerisan celebrates its fifth annual volunteerism day

Accounting Today

Accounting Michigan Philanthropy

Exposure Drafts: A Very Taxing Thanksgiving

Going Concern

Listen to Oh My Fraud , a podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark. And Exposure Drafts holiday cards are now available for purchase through Rubook Creative. The post Exposure Drafts: A Very Taxing Thanksgiving appeared first on Going Concern.

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BNY Mellon's Frankfurt offices raided in German tax scandal probe

Accounting Today

International taxes Tax fraud Tax BNY Mellon

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

The Dos and Don'ts of Navigating Successful Mergers and Acquisitions

GrowthForceBlog

9 min read. Between 70- 90% percent of acquisitions fail. Key Takeaways. Remember You Can't Simply Sell (or Grow) Your Way to Profits: As Aldridge added more clients and took over more market share, their revenue kept increasing.

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FASB proposes to add recognition, derecognition guidance to conceptual framework

Accounting Today

FASB Accounting Accounting standards Financial reporting

PayPal and QuickBooks Accounting: How to Enter and Record PayPal Fees in QuickBooks

Snyder

Recently, PayPal has been a source of negative attention due to a $2,500 fine in its PayPal Misinformation Policy, and though the fine has subsequently been removed from the policy, the confusion among users remained.

New RIA acquirer makes second billion-dollar deal in a month

Accounting Today

Industry News M&A Private equity

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

Comments on the AASB’s Tier 3 Standard for NFPs

Accounting for Good

The post Comments on the AASB’s Tier 3 Standard for NFPs first appeared on ACCOUNTING FOR GOOD. Exclude From Blog Uncategorized

Maybe 2023 Will Be the Year You Get That Big Promotion

Going Concern

If 2023 is anything like 2022, the odds are stacked in your favor if you work in public accounting, according to a recent LinkedIn analysis.

1099s – Why the Rush?

Dent Moses

While many would prefer to “think about that tomorrow” or in January, time spent now can significantly affect how hectic your January will be. The best practice is to have new vendors provide a completed W-9 before issuing a payment.

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What Is Quick Ratio? Learn How to Swiftly Calculate This Metric

Patriot Software

Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more. What is quick ratio?

Making A Bigger Impact with Automation

Speaker: Nadia Asoyan, VP of Finance at Trusted Health, and Amer Ali, VP of Finance at Netlify

Learn about the automation mindset behind some of the most efficient companies. Discover how to evaluate accounting software to ensure that your tech stack works for your company’s needs today, and that it will scale into the future. Download today!

An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

It can be hard to keep up with new opportunities and technologies in our rapidly changing and evolving world, especially in a professional field such as accounting.

Behavioral Red Flags of Financial Fraud

FraudFiles

There are a number of common signs that we may see when someone is engaged in financial fraud within a company.

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Increase in National Insurance Contributions on the Way

Menzies

Menzies LLP - A leading chartered accountancy firm. National Insurance Contributions (NICs) have been the subject of every budget announcement this year. If you haven’t kept up with the reversals and reversals of the reversals, we summarise the key changes here. Introduction.

Converting to a Roth IRA in 2022 Could Decrease Your Future Tax Burden

Anders CPA

Converting to a Roth IRA from a traditional IRA may result in an immediate tax liability but timing the conversion correctly can save on taxes in the long run.

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What I Wish I Knew: How To Build a Data-Driven Company

Speaker: Rachel Bradley-Haas and Aneal Vallurupalli

All companies need data to drive their growth and make good decisions, but timely access to relevant, clean data requires more than data feeds. It takes a shift in thinking and a change to the way all operating units approach their jobs. Download the video to find out more from Co-founder of Big Time Data, data engineer Rachel Bradley Haas.

Is the recession a reason to be more proactive with clients?

Mark Lee

The latest economic predictions in the UK prompted me to consider ways in which accountants could be more proactive as regards their clients. As so many were at the start of the pandemic in 2020. The technical definition of a recession, as we know, means two consecutive quarters of negative growth.

In the blogs: Numbers games

Accounting Today

Tax preparation Sales tax IRS ESG Spotlight 2022 High net worth Employee retention Tax tools

Money

RitaKeller

“A life is not important except in the impact it has on other lives.” ” – Jackie Robinson. Certified Public Accountants make a lot of money. Well, in most CPA firms, partners make a lot of money. I have observed partners who become agitated when they discover another partner made $2,000 more than they did when all partners were making over $300,000 per year. Seems petty. “I only made $327,000, but Joe made $329,000? Why is that?”

Sikich acquires O'Malley & Kwit

Accounting Today

Practice management M&A Integrations

Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!