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In today’s digital age, it’s imperative to manage your organization’s data for policies, procedures and best practices to maintain the system integrity and performance. On this episode of the Risk & Accounting Advisory podcast, join Neal Beggan , Partner and Cherry Bekaert’s Risk Advisory Practice Leader, and Alan Swan , Managing Director and Risk & Data Management Leader, as they dive into data management and emerging technologies, their institutional impacts and how banks provide a
Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. Take diapers. Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada.
Maintaining accurate and complete financial records is critical for compliance, business intelligence, and investor due diligence. The post What are the Important Financial Records for Startups to Keep? appeared first on Burkland.
By Megan Ulu-Lani Boyanton – The Denver Post (via TNS). The heyday of marijuana sales in Colorado — back in 2020 when recreational and medical sales topped out at a combined $226 million — is a distant memory, as the state’s dispensaries struggle through an economic downturn, with sales plummeting and small businesses foundering. “The market’s just bad.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show
By Brent Johnson, Derek Hall – nj.com (via TNS). New Jersey’s top two state lawmakers gave an indication Monday that tax cuts — one proposed for seniors, another already planned for large corporations — are likely to be a big focus, and possibly spark a big fight, in the final weeks of state budget negotiations. State Assembly Speaker Craig Coughlin , D-Middlesex, proposed a plan to “effectively cut” property taxes in half for all people 65 and older who live in the Garden State.
The solution integrates controls capture directly into financial close and other processes, reducing complexity, costs and compliance implementation and maintenance efforts.
Don’t know why but this article is hilarious, it feels way more TMZ than you ever expect an article about disgraced former professional services leaders to be. The Australian has informed the world that scandal-plagued ex-PwC CEO Tom Seymour was spotted in public three days after the firm announced he would be retiring on September 30th. It appears he is wearing a hoodie from Deer Valley Ski Resort in Park City, Utah.
B2B CFO's Don King continues his multi-arc series on explaining why mastering these areas will help management monitor their financial performance and identify areas for improvement—among other things.
By Reade Pickert, Augusta Saraiva, and Jonnelle Marte, Bloomberg News (TNS) Three years ago, a global pandemic triggered a so-called “she-cession,” as millions of women lost their jobs or left the workforce to care for loved ones. Now, they’re leading the recovery. Companies have more women on their payrolls than ever before, in part because of a steady rise in the share of women ages 25 to 54 who are employed or searching for work.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
The IRS is using nearly 70 additional filters for the 2023 tax-filing season to identify potential identity theft tax returns and prevent fraudulent refunds from being issued, and those extra fraud detection tools seem to be working well, according to the interim filing season report released by the Treasury Inspector General for Tax Administration on May 10.
In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process. The Simplify Automatic Filing Extensions (SAFE) Act of 2023 would assist the Internal Revenue Service (IRS) with receiving extensions earlier in the year, providing taxpayers, CPAs and the IRS with a streamlined process and reducing the need for many penalty abatement requests.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees. Payroll remediation by experienced state and local tax advisors can alleviate these difficulties by working with the appropriate state and tax authorities to rectify past mistakes and ensure future compliance.
Company Background A technology company (the Company) that provides cloud-based Software-as-a-Service (SaaS) has more than 160 customers across 33 different states. Founded in 2015, the Company has grown its annual recurring revenue to more than $6 million. Situation: Sales Tax Obligations Spanning Multiple States The Company was only registered with and reporting sales tax to its home state.
With the busy summer season approaching in the northern hemisphere, many small businesses are gearing up for the busiest time of the year. And while the increase in customers provides a nice boost in revenue, the summer months also bring unique challenges. If your small business is one that experiences heavy traffic during the summer season, you’re likely preparing to meet the steep demand while also keeping your team motivated and focused.
The IRS said on Monday that it will not raise interest rates for the third quarter of this year. Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily. Here is a complete list of the Q3 rates: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. 4.5% for the portion of a corporate overpayment exceeding $10,000. 7% for underpayments (taxes owed but not fully paid). 9% for large corporate underpaymen
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
With another epic Xero Awards evening behind us, it’s time for us to reflect on the success of our accounting and bookkeeping community. Judged by Xero leadership and a panel of guest judges from across the accounting industry, the 2023 Xero Awards programme for the UK & Ireland celebrated the rockstar accountants, bookkeepers and app partners across the region.
Now in their 19th year, CPA Practice Advisor Readers’ Choice Awards give our readers, most of whom are tax and accounting professionals in public practice or in corporate roles, a way to spotlight the technologies they’ve found to be most useful in running their practices or helping them provide services to clients, in addition to client-side systems that may help streamline the relationship with the firm.
Within the vast and quickly changing world of internet technology, some of the most recent conversations include a discussion of Web 3.0, including crypto, NFTs (Non-Fungible Tokens), the metaverse and blockchain. So, what exactly is Web 3.0, and how will it impact the internet and the valuation of startup companies operating in Web 3.0? To answer this question, we begin with a survey of Web 1.0 and 2.0.
The Minnesota Society of CPAs (MNCPA) introduced legislation this session at the Minnesota Legislature to broaden the pathways to CPA licensure, leading to many conversations with multiple stakeholders. It is in these conversations that new ideas and rationales emerge for making change. It is also where objections are raised — and these are just as important to address as the problems we seek to solve.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
The term “artificial intelligence” (AI) has come to mean many things, from the brains behind such digital assistants as Siri and Alexa to the supposedly unstoppable technological force that will eventually take everyone’s job away. In truth, however, AI is really just another tool developed by humans to help them perform certain tasks faster and easier.
The accounting profession has always been challenging and demanding, requiring much time, dedication, and attention to detail. However, in recent years, there has been a growing trend of accountants quitting their jobs and leaving the industry altogether. And there are fewer students graduating with accounting degrees. This trend is concerning for firms, clients, and the industry as a whole.
As the business world becomes increasingly fast-paced and complex, CFOs (Chief Financial Officers) always seek ways to maximize efficiency and cut waste. One solution that many CFOs are turning to is outsourcing their company's accounting and accounting tasks. In this blog post, we will discuss why CFOs love outsourced accounting services and the many benefits that they provide.
accounting practice management software for accountants. This is possible only because we listen to our clients, incorporate feedback, and push ourselves to improve and impress.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Over 10,000 attendees visited Accountex London at ExCeL on the 10-11 May 2023. Celebrated as Europe’s largest accountancy and finance event, the show had countless new additions, areas and theatres for visitors to explore. Portfolio Director, Caroline Hobden was overjoyed with the reaction “The show exceeded our expectations, with it being the biggest and best show in the history of Accountex!
This is probably one of the most valuable tips I share during 1-2-1 mentoring sessions. It’s not just relevant to sole practitioners though. Every client facing partner needs to know their BATASFI when negotiating fees with clients. Indeed it’s equally relevant to service providers way beyond the accountancy profession. I even know some accountants who have shared thus thinking around BATASFI with those clients for whom they provide business advice.
EY Global Chairman and CEO Carmine Di Sibio and King Charles III stan showed up on Squawk on the Street today talking about the labor market and, more notably, how the firm is using an AI chatbot to answer payroll questions. The AI segment begins around 3:05. He also discussed hiring, saying they’ve been seeing a slowdown in hiring across the board (he means outside of the firm), “particularly in professional services” (so, in the firm).
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