How CPA firms can get focused in the next 30 days
Accounting Today
JANUARY 6, 2023
Fri.Jan 06, 2023
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1099 + Other Year-end Reporting Tips for Your Tech Startup – 2023
Shay CPA
JANUARY 6, 2023
Founders, for 2022, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2022. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) – (box 1). Payments to an attorney (box 1). If you just started your tech company in 2022, it’s great practice for you as a business owner to start collecting a W9 form ( link ) from all contractors your business decides to work with.
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BDO USA Botched More Than Half of Its Audits Inspected By the PCAOB In 2021
Going Concern
JANUARY 6, 2023
Fat Joe’s favorite audit firm once again had a spectacularly horrible PCAOB inspection report. In the 2021 inspection of BDO USA, LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies. We selected for review 30 audits of issuers with fiscal years generally ending in 2020.
Tax-Exempt Bond Financing for Affordable Housing
Withum
JANUARY 6, 2023
State and local governments, based on volume caps established by the federal government, are able to issue tax-exempt housing bonds. The proceeds of these bonds are used to finance mortgages for, among other uses, the production of affordable housing. Tax-exempt bonds are those where the interest paid to the bondholders is exempt from federal income tax and, in certain situations, state and local taxes as well.
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.
Fuel Business Growth With Outsourced Accounting in 2023
GrowthForceBlog
JANUARY 6, 2023
8 min read. Having a small business does not necessarily translate to also having small bookkeeping and accounting needs. Key Takeaways. The SMB Bookkeeping and Accounting Dilemma: When business owners choose to do their own books, they often miss out on valuable financial insights, leave their businesses open to risks of internal fraud, and end up losing money, time, and….
Setting Construction Business Financial Goals For 2023
Randal DeHart
JANUARY 6, 2023
The new year is a natural time to decide what you want to achieve and how. Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. With that in mind, read on to learn the steps for setting financial goals for your business for 2023. However, your construction business (and personal) budget is one area where you should keep your resolutions from slipping.
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Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23
Going Concern
JANUARY 6, 2023
Wooooo it’s the first Footnotes of 2023! Here’s what’s going on, there’s not a whole lot of it: Long Read. FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.
How to Get Clients to Pay on Time: 7 Easy Steps to Make Sure Your Firm Gets Paid
Patriot Software
JANUARY 6, 2023
You work hard to ensure your client’s businesses do well. But, many accounting professionals struggle with an unreliable cash flow when clients pay late or forget to pay. The good news is your firm doesn’t have to suffer. Want to make sure your firm gets paid? Read on to learn how to get clients to […] Read More.
How to Categorize Expenses in QuickBooks Online Automatically with Synder Sync
Snyder
JANUARY 6, 2023
E-commerce platforms might have numerous types of fees and keeping track of how much money online businesses have to pay to payment platforms and sales channels in fees is hard, especially if you receive payments through multiple channels. Until you take a close look, the amount can seem minor, however, once you start to calculate, it can turn out to bring you more losses than profit.
Accepting Crypto Payments in Your Skagit County Business
SkagitCountyTaxServices
JANUARY 6, 2023
First of all, congratulations on making it through 2022. Pat on the back for sticking with it through the very real ups and the challenging lows. Many of our Skagit County clients went through the wringer … others had their best year yet. From a personal standpoint, I think we’re all pretty glad to see it in the rearview. Now, welcome to 2023. Anyone making bold predictions about what’s coming down the pike is setting themselves up for a fall … but I think we can safely say that economic challen
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.
Believe It Or Not, KPMG Is Helping to Fix the Accountant Shortage Through Its Terrible Audit Work
Going Concern
JANUARY 6, 2023
A little data point for you to feast on as we go forth into the new year: the PCAOB levied record fines of $11 million in 2022, more than $8 million against KPMG alone. 2022 was also the year the PCAOB handed out the largest civil money penalty against an individual in PCAOB history ($150,000). Will they beat their high score this year? The odds are pretty good.
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
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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