Mon.Sep 19, 2022

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Art of Accounting: Speed, availability and continuity when acquiring a practice

Accounting Today

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Is Your Income Tax Withholding Adequate?

RogerRossmeisl

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund. Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

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Expiration Date Tracking – A QuickBooks Desktop 2023 Feature

Intuitive Accountant

Platinum, Diamond and Accountant subscribers within the US and Canada now can track Expiration Dates as well as their Serial or Lot numbers starting with the new v23.0 edition of QuickBooks Enterprise Solutions.

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Is Your Business Required to Report Employee Health Coverage?

RogerRossmeisl

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic rules Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report the information about offers of health coverage and enrollment in health coverage for their employees.

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Planning Your Restaurants 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.

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An Essential Guide to Receiving Payments: Top Best Payment Gateways for Your Business

Snyder

From e-commerce stores to SaaS startups, businesses need to receive payments from customers , and payment gateways are one of the most common ways to do this. There are many options for collecting money online – credit cards, Buy Now Pay Later cards, or PayPal, just to name a few. However, not all payment gateways are the same. What you need may depend on your business’s size and needs.

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Inflation Reduction Act Provisions of Interest to Small Businesses

RogerRossmeisl

The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. There has been a lot of media coverage about the law’s impact on large corporations. For example, the IRA contains a new 15% alternative minimum tax on large, profitable corporations. And the law adds a 1% excise tax on stock buybacks of more than $1 million by publicly traded U.S. corporations.

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Inflation Reduction Act Provisions of Interest to Individuals

RogerRossmeisl

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals. Non-business energy property Before the IRA was enacted, you were allowed a personal tax credit for certain non-business energy property expenses.

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Future Forward 2022: Building a Team for the New Workforce

Intuitive Accountant

With many businesses struggling to attract, train and retain qualified talent, what can you do to hit the mark. Insightful Accountant Publisher Gary DeHart shows you how.

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How a Valuation Pro Can Help with Business Interruption Claims

RogerRossmeisl

Summer can bring extreme weather, including floods, droughts, wildfires, tornadoes and hurricanes. These natural disasters and other crises can interrupt normal business operations, causing significant financial losses. If disaster strikes, a business interruption insurance policy can allow you to recoup lost profits, repair damaged assets and cover other incremental expenses.

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How Much Should Public Accounting Starting Salaries Be to Make Public Accounting Starting Salaries Less Awful?

Going Concern

Title. Let’s talk about starting salaries in public accounting. Let’s assume a student has an undergraduate accounting degree, a MAcc degree, and has passed all 4 sections of CPA exam. What do we think is a fair starting salary? #Accounting. — Dr. Josh McGowan, CPA (@Jmcgowan3838) September 19, 2022. Starting salaries in #accounting have gone from B school leaders to laggards. 1st year auditors today barely make more than an auditor who started in 2011 in nominal dollars and less in

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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

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Estimated Tax Payments: Who Owed Them and When is the Next One Due?

RogerRossmeisl

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment. When are the payments due?

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Monday Morning Accounting News Brief: PCAOB Arrives in Hong Kong; EY Evaluates Culture; Good Luck Hiring, IRS | 9.19.22

Going Concern

The Wall Street Journal talks about why the IRS is not going to have an easy time recruiting in this market. A review of EY’s practices after a staff member’s suicide will look at “workplace culture, healthy work practices and psychological safety” and be conducted by an external expert. Teams of PCAOB inspectors arrived at the Hong Kong offices of PwC and KPMG this morning (Monday) to begin a historic review of the audit records of US-listed, China-based companies, two sources told the South Ch

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When will Ford recognize revenue in the reservation, order, and delivery process for its currently sold-out Ford F-150 Lightning electric truck?

Wendy Tietz

The Ford Motor Company (NYSE: F) is selling an electric version of its F-150 pickup truck, the F-150 Lightning electric truck. Ford cannot keep up with demand; it has taken orders for its entire 2022 production capacity and has closed orders for the 2022 model. Ford has not yet begun taking reservations for the 2023 […].

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Botkeeper, Expensify Partner to Streamline Back-Office Accounting

Intuitive Accountant

In today's demanding landscape, the partnership is designed to help free up the time for accountants and their clients.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Ryan buys Thomson Reuters product lines

Accounting Today

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Starting the Shift to Higher Revenue Advisor Services

Intuitive Accountant

A new eBook will show you everything you need to know about leveraging Jirav and other automation strategies to increase revenue for your CAS service line while supporting the future success of your clients.

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Federal contractors with tax debts still scoring big contracts

Accounting Today

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Introducing a new bills to pay experience in Xero

Xero

Bills is one of Xero’s most loved features. It helps you track and pay bills on time, have a clear overview of your accounts payable, and gain a better understanding of your cash flow. As part of our commitment to ‘ Building on Beautiful ’ — which is about continuously upgrading our technology to build new features faster, giving our platform a consistent look and feel, and making sure we keep accessibility top of mind — we’re refreshing the bills experience in Xero.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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20 years of SOX

Accounting Today

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How to Deduct Business Travel Expenses (Even Some Vacation)

xendoo

For the most part, business travel expenses are tax deductible, meaning that you could lower the amount of taxes you need to pay. . When it comes to tax-write offs for travel, the IRS provides specific guidelines around what you can claim. Mainly, your trip needs to be primarily for business purposes. However, there is some wiggle room to get a little vacation time in during a business trip that qualifies as a travel expense. .

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FASB mulls lease accounting standard change as it moves HQ

Accounting Today

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California sees warning sign from weak tax revenue collections

Accounting Today

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Recruit and Retain New Blue-Collar Talent

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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Wolters Kluwer plants flag in Metaverse

Accounting Today