Ryan Lazanis

FEBRUARY 2, 2023

Wondering why AI is a hot topic these days? In this episode, I’ll explain how AI can be properly integrated into a firm’s operations and how it can increase business growth and competitiveness. Listen Below. 00:35 – I received a question from a LinkedIn user on how I see AI playing out this year for accounting firms. 1:30 – I talked about recent buzz around ChatGPT, a conversational AI model that can interact with users. 1:52 – A good example of this is a Twitter us

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TaxConnex

FEBRUARY 2, 2023

Two recent state courts’ determinations – one good for the seller, one not – show the continuing reach of Wayfair almost five years after the landmark Supreme Court decision regarding economic nexus. The Massachusetts Supreme Judicial Court has reportedly upheld a state Appellate Tax Board decision in favor of an auto parts retailer who challenged efforts to retroactively collect online sales taxes.

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CPA Practice

FEBRUARY 2, 2023

By Jeff Manning, oregonlive.com (TNS) The Oregon Department of Revenue acknowledged Thursday that it sent personal tax refund information for about 5,000 taxpayers to the wrong address. All 5,000 are intended for, and were mailed to, Portland residents, said Robin Maxey, a spokesperson for the department. The mailing address on the outside, however, doesn’t match up with the information contained on the forms.

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Oregon Tax tax return Government 116

Xero

FEBRUARY 2, 2023

In the wake of extreme weather events, the Xero Assistance Programme (XAP) is being extended to all small businesses in the Auckland, Northland and Waikato regions. From Wednesday 1st February through to Friday 31st March, any small business owner, employee or their families in Auckland, Northland and Waikato regions can access three confidential and free telephone, live chat, online or face-to-face counselling sessions.

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Going Concern

FEBRUARY 2, 2023

There’s another article about the accountant shortage today and this time it’s in Insider. There’s nothing in there you don’t already know — enrollments are down, boomers are retiring, the process of becoming a CPA is extra and sucks, kids need to be convinced that accounting is great, blah blah — but they did get an interesting quote from Steven Kachelmeier, accounting department chair at the University of Texas.

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Account accountant accounted Sports 101

ThomsonReuters

FEBRUARY 2, 2023

QUESTION: Our company has a qualified transportation fringe benefit plan under Code § 132(f) that allows participants to pay for parking, transit passes, and vanpooling on a tax-free basis. Are we required to file a Form 5500 for this plan? ANSWER: No. Form 5500 (Annual Return/Report of Employee Benefit Plan) is used to satisfy certain annual reporting obligations that arise under ERISA or the Code.

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Xero

FEBRUARY 2, 2023

Xero’s commitment to diversity, inclusion and belonging has driven our inclusion in the Bloomberg Gender-Equality Index for the fourth consecutive year. Like last year, Xero is the one and only company headquartered in New Zealand to be included in the index, which is made up of 484 companies across 45 countries and regions. Our scores have improved each of the four years we’ve been included in the index, and we’re pleased to see our progress demonstrated in such a tangible way.

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Gaming Technology 83

Insightful Accountant

FEBRUARY 2, 2023

The hire brings extensive experience in building, optimizing and leading high performing sales teams across vertical SaaS businesses in the US.

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Sales 97

CPA Practice

FEBRUARY 2, 2023

Top 10 accounting firm CBIZ, which provides financial, insurance and advisory services, has acquired the non-attest assets of Indianapolis-based Somerset CPAs and Advisors, effective February 1, 2023. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of Somerset CPAs and Advisors.

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Xero

FEBRUARY 2, 2023

The summer months are some of the busiest of the year for small business owners. As the peak period for gifting, festivities and tourism, many entrepreneurs aim to make the most of the seasonal buzz. But for some, this comes at a cost. Increased demand can equal longer hours and higher overheads in wages and supply costs (which is particularly prevalent in today’s economic environment).

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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.

Withum

FEBRUARY 2, 2023

As storefronts move to sell online, businesses are looking to upgrade or invest in an e-commerce platform. The challenge of managing a platform is that e-commerce websites are static. In this post, we’ll explore the benefits of headless commerce and headless CMS. Traditional e-commerce would require rebuilding the platform from scratch each time you need to redesign the user experience.

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GrowthForceBlog

FEBRUARY 2, 2023

6 min read Service revenue does not necessarily indicate profits because it's an above-the-line item and profits depend on below-the-line expenses.

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AccountingDepartment

FEBRUARY 2, 2023

This week, AccountingDepartment.com Business Development Representative, Luke Backus, attended Vistage ChairWorld in Nashville, TN! ChairWorld is a place for Vistage Chairs to come together and attend various breakout sessions, networking opportunities, and evening fun to learn new strategies, improve leadership skills, and more.

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MineralTree

FEBRUARY 2, 2023

In 2023, most B2B payment technology trends will focus on navigating economic uncertainty, cultivating talent, optimizing efficiencies, and embracing digitization. CFOs and finance teams will also use the year ahead to zero in their focus on business process improvements and increasing visibility, particularly in regards to cost and spend analytics.

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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

Technology

CPA Practice

FEBRUARY 2, 2023

The majority of chief tax officers recently surveyed by Big Four firm KPMG said they are turning to some form of outsourcing or cosourcing to help navigate talent and skill shortages in their tax departments. According to KPMG’s 2023 Chief Tax Officer Outlook , more than eight in 10 (83%) CTOs said they are planning to use targeted/strategic outsourcing, cosourcing with one or more advisors, or managed service alliances within the next three years.

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corporation tax Tax Finance Retail 59

Withum

FEBRUARY 2, 2023

R&D Capitalization makes its crash landing onto 2022 tax returns! Historically, companies performing R&D have enjoyed a full deduction for these costs and likely an R&D credit to boot. R&D Capitalization rules taking effect in 2022 could turn an expected tax loss and/or credit into an unexpected tax bill. Discover how R&D Capitalization might affect your tax return and, more importantly, the tools Withum has prepared to combat a phantom income situation.

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payroll Tax tax return tax services 59

ThomsonReuters

FEBRUARY 2, 2023

While you probably got into the accounting business because you love numbers and helping people, there’s a lot more that goes into running a successful firm. Maintaining a professional office, managing staff, and dealing with clients are all important skills. Unfortunately, when it comes to dealing with clients, accountants, bookkeepers, and other professional services, providers often encounter awkward situations, such as: Correcting errors in proposals sent to clients Chasing clients for late

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Technology bookkeeping accounting firms Account 59

Withum

FEBRUARY 2, 2023

Simply having Power BI isn’t enough. In fact, you may be asking yourself why your reporting is not all that it could be, even though you’ve adopted Power BI as your reporting tool. Below we offer three important, practical (but overlooked) steps to improve your reporting using Power BI (no matter if you are writing reports yourself or an executive trying to get more out of your data). 1.

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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.

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Going Concern

FEBRUARY 2, 2023

Thanks to the commenter who brought this to our attention. Accounting firm merger madness continues, this time the union of Citrin Cooperman and Berdon announced on the 1st. We should have seen it coming as Citrin Cooperman has been busy the last 15 months, growing revenue by $200 million and completing several mergers since private equity firm New Mountain Capital acquired a majority interest in the firm last year.

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Withum

FEBRUARY 2, 2023

Following are my third group of 2022 market performance and related charts. These 6 bring my total charts to 16. In two weeks, I’ll present my views about them, what happened in 2022 and what it all could mean to the average or typical investor. I believe these charts are tremendous resources and suggest you print them out for future reference. My blogs on January 6 and January 12 showed the earlier charts.

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Tax 52

Going Concern

FEBRUARY 2, 2023

Breaking news: Cohen & Company made a mistake on one of its audits inspected by the PCAOB. Big deal, you ’re probably thinking, audit firms screw up all the time—some more than others. (We’re looking at you, BDO USA.) But Cohen & Company had perfect auditing report cards from the PCAOB for 2018, 2019 , and 2020. No deficiencies were found in its 26 total audits inspected in those three years.

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CPA Practice

FEBRUARY 2, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Hubdoc , an online tool that helps businesses and firms digitize and automate the management of financial documents, receipts and invoices, and import them into accounting systems. Use the player below to listen to the podcast.

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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.

Technology

Menzies

FEBRUARY 2, 2023

Menzies LLP - A leading chartered accountancy firm. Throughout life, personally and within business, there are many times and situations where there is a requirement to raise money. The reasons and source of funds may differ accordingly, but within business, an initial opportunity of raising funds for owner managers will often be their best chance. Watch our BrighterThinking animation with a manufacturing spin which covers the requirements needed towards successfully funding business growth.

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CPA Practice

FEBRUARY 2, 2023

A former Jacksonville company CEO was sentenced on January 30, 2023, to 32 months in prison for willfully attempting to evade the assessment of his federal income taxes. According to court documents and statements made in court, in 2015 and 2016, Jason Cory, 49, of Jacksonville, was a manager at a New York-based IT services company and from 2017 through 2019, he was the CEO of a different IT services company based in Jacksonville.

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Florida Tax tax return income tax 52

Patriot Software

FEBRUARY 2, 2023

How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction. So, do you qualify for the business mileage deduction? What about the Section 179 deduction? If so, how much?

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CPA Practice

FEBRUARY 2, 2023

Top 25 accounting firm Carr, Riggs & Ingram (CRI) now has its first location in Oklahoma after combining with Tulsa-based Stanfield + O’Dell P.C. “Expanding our footprint into Oklahoma has long been a part of our strategic growth plan,” said Bill Carr, CRI executive chairman and portfolio managing partner. “Entering the Tulsa market with Stanfield + O’Dell leverages the strength of our teams and resources to enrich our client experience and technical expertise further.

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ThomsonReuters

FEBRUARY 2, 2023

Fact Sheet: EBSA Restores Over $1.4 Billion to Employee Benefit Plans, Participants, and Beneficiaries Available at [link] The DOL has released a fact sheet announcing ERISA enforcement results generated by the Employee Benefits Security Administration (EBSA) for fiscal year (FY) 2022 (October 1, 2021, through September 30, 2022). According to the fact sheet, EBSA has enforcement authority over approximately 747,000 retirement plans, 2.5 million health plans, and 673,000 other welfare benefit p

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Menzies

FEBRUARY 2, 2023

Menzies LLP - A leading chartered accountancy firm. As an employer you will need to ensure that you have completed your payroll year end by 5th April 2023. We have broken down the year end payroll process for you so that you can make sure you have completed all tasks and submitted your returns to the HMRC on time. What is payroll Year end? The payroll calendar year runs from 6 th April 2022 to the 5 th April 2023 and is split into pay periods depending on how often you choose to pay your employe

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payroll chartered accountant Tax accounting firms 52

Accounting Insight

FEBRUARY 2, 2023

The power of automation is changing the way we work, and expense management is no exception. The future belongs to those who can simplify tasks like the bank reconciliation process and receipt chasing, and get back to doing what they do best — growing their business. This story might sound familiar if you haven’t yet adopted a spend management solution that includes Visa corporate cards and expense management software.

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Technology Spend Management Solutions Expense Management accounting and finance 52

Insightful Accountant

FEBRUARY 2, 2023

The author, digital leader and new President of Xero is gearing up to take the global small business platform to the next level.

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