5 tips for better client onboarding
Accounting Today
DECEMBER 1, 2022
Thu.Dec 01, 2022
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What was new in October for state sales and use taxes
TaxConnex
DECEMBER 1, 2022
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Back to court. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. Court of Appeals after a federal judge bumped the company’s lawsuit. Halstead Bead , a small craft and jewelry wholesaler, has filed an appeal with the Fifth Circuit in the ongoing challenge to Louisiana’s sales tax system, which requires remote
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Will an SPD Posted on Our Company’s Intranet Satisfy ERISA’s Requirement That SPDs Be Delivered to Participants?
ThomsonReuters
DECEMBER 1, 2022
QUESTION: We would like to post the SPD for our company’s health and welfare plan on the company intranet instead of delivering paper copies to participants. Would this delivery method satisfy ERISA? ANSWER: Yes, if certain requirements are met. ERISA requires that SPDs be delivered in a manner that is “reasonably calculated to ensure actual receipt.
How to scale your business globally with Xero and Airwallex
Xero
DECEMBER 1, 2022
Despite the current economic climate, running a global enterprise is still the goal of many small and medium businesses. Recent research by our partner Airwallex shows that 70% of UK SMEs plan to expand into foreign markets in 2023. Of those, 81% want to grow their business in Europe and North America, while 60% hope to scale in the Asian Pacific, Latin American, African and Middle Eastern markets. .
How to Build the Ideal HR Team
Advertiser: Paycor
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.
Mike Milan Dishes on the '5 Silent Cash Killers'
Intuitive Accountant
DECEMBER 1, 2022
Truly Financial's Mike Milan, aka, 'Cash Flow Mike,' takes a deep dive into the factor interrupting the cash flow into your business. Jump over to the Insightful Accountant YouTube page to check out the interview.
Navigating the Economic Climate with Outsourced Accounting Services
AccountingDepartment
DECEMBER 1, 2022
Have you ever considered how outsourced accounting services might help your business navigate the post-pandemic economic climate more efficiently? If so, this article will lay out the advantages through a near-term and long-term lens.
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This One Chart Shows Just How Boned the Accounting Profession Is
Going Concern
DECEMBER 1, 2022
Perusing The CPA Journal as one does when one is tasked with the onerous burden of reporting on happenings in a profession in which so few things happen, I saw this discussion on CPA Evolution by Nina Terranova Dorata, PhD, CPA and Vincent J. Shea. In it, questions are tossed out about how accounting education will change along with the ambitious CPA exam overhaul, with concerns raised about the graduates who will apply their pre-Evolution education to a post-Evolution exam.
How to Reduce Overdue Payments in Accounts Payable
MineralTree
DECEMBER 1, 2022
Late payments can be a huge headache for businesses of all sizes. Not only do they cost you money in the form of interest and fees, but they can also hurt your reputation with suppliers and other business partners. The good news is that there are several ways your business can reduce overdue payments in your accounts payable department, and it starts with AP automation.
BDO UK Spreads the Load
Going Concern
DECEMBER 1, 2022
FT had an interesting story yesterday about a situation across the pond: average BDO UK partner pay fell 15 percent to £647,000 (USD$794k) because a hiring spree took a bite out of profits. Last year, BDO UK partners walked away with more than even EY and KPMG partners. They aren’t worried about it though, the plan is to make sure they have enough people on payroll before the economy really takes a dump.
Making the Sale With a Good Faith Agreement: What Is a Pro Forma Invoice?
Patriot Software
DECEMBER 1, 2022
It’s always great when a customer buys from your company. But what happens if the customer receives the shipment and realizes there’s something wrong with the order? Maybe the shipping costs are too high or the products aren’t exactly what they want. Whatever the issue may be, you’ve got to put in extra work to […] READ MORE.
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.
SEC Enforcement Released Its Greatest Hits for FY 2022
Going Concern
DECEMBER 1, 2022
The SEC Division of Enforcement cracked a lot of skulls in fiscal 2022, as it brought in a record $6.439 billion in penalties and disgorgement , up from $3.852 billion in fiscal year 2021. Of that total, the $4.194 billion in civil penalties the SEC doled out was also a record, but the $2.245 billion in disgorgement fell by 6% from 2021. Total enforcement actions for 2022 came in at 760, a 9% increase over the previous year, and included 462 new, or “ stand alone, ” enforcement actions, up 6.5%
CA Middle-Class Tax Refund: Are you eligible?
LSLCPAs
DECEMBER 1, 2022
You Might Have a Holiday Gift AND It’s More Generous Than We Thought! What is it and how do you get it? Please read on. WHAT is the Middle-Class Tax Refund? The Middle-Class Tax Refund (MCTR) is a one-time payment to provide relief to Californians. If you are eligible, you will automatically receive a payment. The post CA Middle-Class Tax Refund: Are you eligible?
Act now to mitigate the increase in the corporate tax rate
Menzies
DECEMBER 1, 2022
Menzies LLP - A leading chartered accountancy firm. From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. Those companies with profits between £50,000 and £250,000 will be eligible for marginal relief however the effective rate of tax becomes 26.5% due to the way the calculation works.
2022 Required Amendments List Includes No Changes in Qualification Requirements
ThomsonReuters
DECEMBER 1, 2022
IRS Notice 2022-62 (Nov. 21, 2022). Available at [link]. The IRS has issued its 2022 Required Amendments List (RA List) for individually designed qualified retirement plans (including 401(k) plans) and 403(b) plans. This year’s list does not identify any qualification changes that require plan amendments. RA Lists are issued annually to identify changes in the Code’s qualification requirements that may result in “disqualifying provisions” that necessitate a remedial amendment (see our Checkpoin
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
Navigating the Risks of Slow Consolidated Financials
Intuitive Accountant
DECEMBER 1, 2022
Reach Reporting's Justin Hatch explains why the timing of consolidated financial statements is important for all aspects of the business.
DOL Proposes to Amend Its Voluntary Fiduciary Correction Program to Permit Self-Correction of Failures to Timely Transmit Contributions and Loan Repayments
ThomsonReuters
DECEMBER 1, 2022
Proposed Amendments to Voluntary Fiduciary Correction Program, 87 Fed. Reg. 71164 (Nov. 21, 2022); Proposed Amendments to PTE 2002-51, 87 Fed. Reg. 70753 (Nov. 21, 2022). Proposed VFC Amendments. Proposed PTE Amendments. News Release. The Department of Labor’s Employee Benefits Security Administration (EBSA) maintains and enforces a Voluntary Fiduciary Correction Program (VFC Program) to encourage plan sponsors and fiduciaries to voluntarily comply with ERISA and allow responsible parties with p
Intuit Accountants Unveils New Products Updates for Tax Year 2022
Intuitive Accountant
DECEMBER 1, 2022
Intuit ProTax Group software updates equip tax professionals with the latest tools and technology ahead of tax season.
No-Code Technology: The Key to Unlock the Future of Your Business
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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.
Client Spotlight: Nickel Diner
KROST
DECEMBER 1, 2022
This is one of the articles in the KROST Quarterly Hospitality Issue, titled “Client Spotlight: Nickel Diner” by Stacey Korman, CPA, MST We had the opportunity to interview our clients, Kristen Trattner and Monica May, co-owners of Nickel Diner. We gained insight into their experience founding the diner and navigating challenges during the pandemic.
Omnichannel Retail Strategy: Create Your Own Omnichannel Strategy for E-commerce Business
Snyder
DECEMBER 1, 2022
In the past few years, we’ve seen small businesses massively moving online. Social media has hugely contributed to this trend. Millions of companies have long and successfully used them as a means for marketing, brand recognition, and communication with customers. By providing businesses with easy-to-use and affordable e-commerce tools , it has helped establish online sales quickly and without additional investments.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
Rising inflation may result in some taxpayers paying smaller tax bills
Nancy McClelland, LLC
DECEMBER 1, 2022
“ Money ” by Got Credit is licensed under CC BY 2.0. The IRS recently announced that tax brackets would widen by nearly 7% for next tax year, to combat rapidly rising inflation. As a result of these and other changes made in an attempt to match the rising costs of groceries and other daily necessities, some Americans will find that when they file their 2023 tax returns, they may actually have lower tax bills than in the prior season.
DOL Final Regulations Authorize Plan Fiduciaries to Consider Climate Change and Other ESG Factors When Making Investment Decisions
ThomsonReuters
DECEMBER 1, 2022
Final Rule: Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, 29 CFR Part 2550, 87 Fed. Reg. _ (Dec. 1, 2022); Fact Sheet: Final Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (Nov. 22, 2022). Final Rule. Fact Sheet. The DOL has finalized regulations allowing plan fiduciaries to consider climate change and other environmental, social, and governance (“ESG”) factors when selecting retirement investments and exercisi
Recruit and Retain New Blue-Collar Talent
Advertiser: Paycor
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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