AccountingDepartment
AUGUST 11, 2022
Have you heard of client accounting services (CAS)? CAS are accounting and bookkeeping tasks that customers normally perform themselves. Outsourcing these essential tasks to outside partners allows clients to unburden the daily workload of internal staff, without compromising accuracy or compliance.
TaxConnex
AUGUST 11, 2022
A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated. New York: An appeals court ruled last month against a company that claimed eligibility for sales tax refunds on several purchases of concrete. The petitioner argued that its purchases of concrete were for a nontaxable service provided by the seller that would also provide the installation of capital improvements to real property, rather than a taxable delivery of
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Anders CPA
AUGUST 11, 2022
Anders Managing Partner Robert Minkler, Jr. has been recognized by Accounting Today as a 2022 Managing Partner Elite honoree. Each year, Accounting Today evaluates firm leaders who innovate and continue to move their firms and the industry forward. The MP Elite understands disruption and evolution is a key factor in their success. . According to Accounting Today, while the events of the last few years pushed many CPA firms out of their comfort zones, the 2022 Managing Partner Elite had marched t
CTP
AUGUST 11, 2022
By Dominique Molina, CPA MST CTS. Have you asked yourself, do I really have to study tax planning? Can’t I just select a software providing Artificial Intelligence to inform me what to do? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool. It can provide valuable insights such as data extracted from your tax returns, calculation of minimum required estimated tax payments, and even a few tips to save annual
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.
ThomsonReuters
AUGUST 11, 2022
Notice 2022-33, 2022-34 I.R.B. __ (Aug. 22, 2022). Available at [link]. The IRS has extended the deadlines for adopting retirement plan amendments to reflect certain provisions of the SECURE Act and the CARES Act. As background, under the SECURE Act, the plan amendment deadline for most plans is the last day of the first plan year beginning on or after January 1, 2022 (2024 for governmental and applicable collectively bargained plans; see our Checkpoint article ).
Intuitive Accountant
AUGUST 11, 2022
Internationally renowned ProAdvisor Esther Friedberg Karp shares a personal—and prevalent—story about why you (accountants, advisors, family) need to be prepared when the inevitable happens.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Snyder
AUGUST 11, 2022
Marketing is expensive, and marketing insights are as crucial for your business as accounting insights. It is of utmost importance that you understand what’s working and what isn’t to make the best use of your resources–this is where data-driven attribution comes in. In this article, we’ll discuss what data-driven attribution is, its advantages, and who should use it.
ThomsonReuters
AUGUST 11, 2022
QUESTION: Our company sponsors a self-insured health plan, and employees who perform plan administration functions have access to electronic protected health information (PHI). How do we control access to PHI to comply with the HIPAA security rule? ANSWER: The HIPAA security rule applies to electronic PHI created, received, maintained, or transmitted by health plans or their business associates.
Going Concern
AUGUST 11, 2022
This is the salary Gen Z undergrads expect to earn in their first job right out of college, according to a recent survey by Real Estate Witch. The survey goes on to say: The average starting salary for recent graduates is $55,260 , but students expect to earn almost double that — $103,880 — one year out of college. That’s nearly $46,000 more than they expected to make just three years ago.
Patriot Software
AUGUST 11, 2022
Software is a popular type of accounting system you can use to streamline your bookkeeping process. Depending on the software you choose, you can save your time and money and focus on what matters—running your business. But first, you need to know about accounting software setup. Lucky for you, our guide makes setting up accounting […] READ MORE.
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.
Going Concern
AUGUST 11, 2022
Creating the perfect mom/ dad bod takes time. My dad bod developed after years of slouching in an office chair, ignoring exercise, and eating and drinking pretty much everything in sight. By the ripe-old age of 3 5 , my once bulging biceps migrated to my backside and my powerful pecs placidly plunged to meet and merge with “the keg” (formerly a toned six-pack).
SkagitCountyTaxServices
AUGUST 11, 2022
Before I dive into discussing the pros and cons of a C corp , I briefly want to touch on some other things relevant to you as a Skagit County small business owner. Recession. The threat of it hangs in the air like a midwest thunderstorm. And as you anticipate it, you don’t have to wait idly for it to hammer your business. There are recession-proof moves you can make (choosing the right business entity structure being among them) to help your business.
Going Concern
AUGUST 11, 2022
If there’s anything we love here at Going Concern it is an accounting firm dick-measuring contest. Or a “p **g match” should you prefer a milder phrase. Whatever you call it, we love when firms are pitted against one another based on impartial metrics like revenue. INSIDE Public Accounting has blessed us with a fresh Top 500 Firms list which means lots and lots of measuring. 500!
Intuitive Accountant
AUGUST 11, 2022
So, you want to go back to those old Gmail days? You can roll back to the Gmail you loved in just a few clicks.
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
Going Concern
AUGUST 11, 2022
Last month KPMG made a big deal in a press release about how it had added eight partners and managing directors to “ advance its Tax Reimagined service offering. ” Good for you, KPMG. But what ’ s somewhat interesting is that the eight new partners and managing directors came from two other Big 4 firms, one of which was PwC. We even got a tip about this!
Xero
AUGUST 11, 2022
It would be no surprise to learn that many accounting practices and their small business, landlord and sole trader clients are currently suffering from confusion from overuse of acronyms (CFOA). While this newly-invented acronym may be useful, we won’t rely on it too heavily. Frankly, you already have enough to remember, thanks to Making Tax Digital (MTD) for VAT and Income Tax Self Assessment (ITSA).
Withum
AUGUST 11, 2022
The Superfund Excise Tax went into effect on July 1, 2022, and many companies are still struggling to understand whether it applies to their operations and how to properly estimate their potential liability. Even though the Superfund Excise Tax has been implemented in the past, it last expired over 25 years ago. Under the reinstated law, the list of chemical substances has been expanded and the applicable tax has increased almost 100%.
Intuitive Accountant
AUGUST 11, 2022
During the brutal busy season, accounting firms must support their staff more than ever.
Advertisement
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.
Withum
AUGUST 11, 2022
Payroll Audit Basics for Trustees. Under the auspices of ERISA, the Department of Labor (DOL) has substantial authority to examine virtually all aspects of multi-employer plan management and operations. The health of a plan is largely a function of the proper management and collection of contributions. Accordingly, plan fiduciaries should ensure that they are actively verifying the accuracy of employer contributions and getting in front of problems before they develop.
KROST
AUGUST 11, 2022
For the tax year beginning in 2021, the IRS has implemented a new reporting requirement for partnerships, S corporations, and filers of Form 8865 to include Schedules K-2 (Partner’s Distributive Share Items – International) and Schedules K-3 (Partner’s Share of Income, Deductions, Credits, etc. – International) with their returns. What are Schedules K-2 and K-3 Read the full article.
CTP
AUGUST 11, 2022
By Dominique Molina, CPA MST CTS. Question : How much time should I devote to studying tax planning? Can’t I just select a software providing artificial intelligence to inform me what to do? Answer : To answer this question, I’ll ask this question in response: are you a user of TurboTax or a similar software tool? Chances are you use something (or someone) different from software purchased at a big box store.
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.
Going Concern
AUGUST 11, 2022
In the past several weeks we have heard — and read — about huge amounts of work getting sent offshore. To India mostly, also the Philippines. Outsourcing is nothing new and rather expected given today’s talent shortages but 30%? Perhaps more? Doing a quick search pulled up a 2011 Accountancy Age article which mentioned PwC wanted to send 20% of its core audit hours to India by 2014 , this would have been a leap from the 1-2% of work being outsourced at the time that article was
ThomsonReuters
AUGUST 11, 2022
Doe v. Catholic Relief Servs., 2022 WL 3083439 (D. Md. 2022); Fain v. Crouch, 2022 WL 3051015 (S.D. W. Va. 2022). Courts are beginning to address how the nondiscrimination provisions of Title VII and Affordable Care Act (ACA) Section 1557 apply to health plan claims that raise issues relating to sexual orientation or gender identity. In Doe v. Catholic Relief Services , an employee sued his employer under Title VII because the employer dropped health plan coverage for the employee’s same-sex sp
Advertisement
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.
Withum
AUGUST 11, 2022
On July 27, 2022, Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.V.), announced they had reached an agreement on a reconciliation bill that includes a significant adjustment to Section 45, the renewable electricity production tax credit (PTC). If passed, the bill , which they’ve dubbed The Inflation Reduction Act of 2022 (IRA), would restore incentives for new wind and solar projects over the next decade.
Advertisement
"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.
Expert insights. Personalized for you.
90 
Let's personalize your content