Mon.Mar 27, 2023

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How Client Conversations Can Turn Tax Season Into Opportunity Season

CPA Practice

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. Now, with accounting firms facing talent shortages and growing workloads, the effort required for this tax season may seem positively Herculean.

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What Founders Need to Know About Dilution

BurklandAssociates

Understanding how new capital will dilute existing shareholders before a round happens is a core responsibility of any startup CEO. The post What Founders Need to Know About Dilution appeared first on Burkland.

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Here Are the Five Countries with the Highest Income Tax

CPA Practice

By Faustine Ngila, Quartz (TNS) Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate tax regimes may be considerably lower than those of other countries globally, at 60%, Côte d’Ivoire’s income tax rates are markedly higher compared to developed countries.

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President Biden’s Anti-Fraud Proposal Expanded: What to Know

Withum

In March of 2022, after President Biden’s State of the Union Address, we summarized increased efforts specifically related to the Paycheck Protection Program (“PPP”) and other pandemic relief fraud. Now a year later, President Biden has doubled down on the government’s efforts to fight PPP Fraud. President Biden’s Proposal to Greatly Expand Resources President Biden has announced a Pandemic Anti-Fraud proposal which increases the funding by $600 million and increases the statute of limitations a

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Four Reasons to Optimize AP Operations Now

CPA Practice

By Elizabeth (Elle) Kowal. The events of the last two years have upended traditional ways of doing business – affecting everything from the workplace to supply chains to vendor payments. While many of these disruptions will continue to present challenges for the foreseeable future, forward-thinking finance leaders can embrace technology and services that will not only help them overcome these issues, but also achieve more efficient and profitable operations.

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Monday Morning Accounting News Brief: Big 4 Consulting Salaries; Accounting For Dummies; PwC Boomerangs | 3.27.23

Going Concern

They just had to use this picture, didn’t they? South Carolina’s comptroller quits after a $3.5 billion accounting error Alright, here are some other headlines for ya. Deloitte, Accenture, McKinsey: Who Are The Top Consulting Firms For B-School Students? The world’s largest accounting and professional services firms in terms of revenue and workforce, these prestigious firms are renowned for offering high salaries with a generous bonus structure.

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Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls

Going Concern

It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of people out there for whom doodling is way, way down the list of things they have time to do (sorry).

CPA 105
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Intuit Announces Newest Developer Growth Program App Developers

Insightful Accountant

Intuit has recently announced Buildertrend, Katana and Uncat to the Developer Growth Program pilot program.

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Mandatory Benefits: What Benefits Do Employers Have to Offer?

Patriot Software

Employee benefits beef up your compensation package. They can make or break your ability to hire and retain employees. For the most part, you can choose what to offer employees. But, there are several mandatory benefits you can’t afford to ignore. You not only need to stay competitive but also compliant.

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Automatic Enrollment 401(k)s Become Automatic

CPA Practice

If an employer includes an automatic enrollment feature in its 401(k) plan, it may encourage greater participation among the rank-and-file, especially younger workers, while helping to meet nondiscrimination requirements. But some employers may not have a choice soon. Under the new law enacted at the end of 2022—dubbed SECURE Act 2.0—automatic enrollment may be mandated.

Tax 59
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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Revolutionize Your Content Management Strategy with Content AI and Microsoft Syntex

Withum

Content is at the heart of every organization and within it is valuable information and crucial knowledge that empowers employees to make better decisions, improve processes and enhance customer experience. However, managing that content can be challenging, especially when dealing with complex documents across different platforms. That’s where content AI management comes in, specifically Microsoft Syntex.

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GST on Work Contracts

VJM Global

A works contract means a contract that involves both supplies of goods and supply of services such as a construction contract wherein the material is supplied along with service. Other examples of works contract service on completion, erection, installation, fitting, renovation, etc. In the pre- GST regime, works contracts have always been a matter of litigation since service tax was payable on service components to the Central Government and VAT was payable to the material government to the sta

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Mazuma Updates Dash to Streamline Tax Season

MazumaBusinessAccounting

Mazuma launched recent updates to our client Dash to help you easily track the progress of your taxes and streamline communication with our team. Now, you can view the status of your books and taxes all in one place. On the homepage of your Mazuma Dash, a customized module will appear for each tax return Mazuma is preparing for you or your business.

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Reducing Alabama Property Taxes on a Second Home

Dent Moses

Homestead Exemption In Alabama, a homestead exemption is available for a single-family owner-occupied dwelling and the land thereto not exceeding 160 acres. Only one homestead is granted regardless of how much property is owned within the state. Second Home While a second home cannot qualify for a homestead exemption, there is an opportunity for a reduced assessment percentage if the property is correctly classified.

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How to Build the Ideal HR Team

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.

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Accounting Automation Guide

Accounting Seed

Your guide to accounting automation Accounting automation is on the rise. Learn more about the benefits and how it sets your company up for success. Accounting automation today Automated workflows and systems have been top-of-mind since the rise of cloud computing. Fast forward to now, when many businesses are operating remotely, and automation is more critical than ever before, especially for efficient, effective financial management.

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How To Add PayPal To Wix: Connect PayPal And Wix To Streamline Your Online Payments

Snyder

In today’s digital age, online payments have become an essential aspect of running a successful business. Whether you’re an e-commerce store owner or a freelancer selling your services online, providing your customers with a seamless and secure payment experience is crucial. One way to achieve this is by integrating PayPal into your website, which is one of the most widely used and trusted online payment processors.

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Impacts of Generative AI on Your Business

Withum

First of all, I did not use ChatGPT for this post. I probably should have, but this time I went solo (okay, our folks probably used Grammarly or some other tool to edit it). Secondly, there are A LOT of articles about ChatGPT and other AI tools flooding your social media feeds lately. I wanted to take a step back and reflect on what I think the key takeaways are with respect to all the hype.

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Patriot’s Accounting Software Ranked as Top 5 for Small Businesses 

Patriot Software

Canton, OH Patriot Software, an accounting and payroll software provider, has been recognized by Capterra as one of five top-rated accounting software for small businesses. Patriot’s accounting software boasts a user rating of 4.7 out of five stars on Capterra.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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5 Tips for Optimizing Your Inventory Turnover Rate

Snyder

To figure out how your business has been performing, it’s crucial to keep an eye on your stock levels. This practice, known simply as inventory management , helps business owners and managers make important decisions timely with optimal results. But there are certain performance metrics you need to be aware of if you want to stay informed of your company’s health, growth, and profitability.

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Finding Proof of Financial Fraud By Your Spouse

FraudFiles

Divorcing is difficult. In addition to feeling loss and sadness, the process of divorce can be burdensome and overwhelming. Things can go to another level when your spouse is hiding money.

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It’s Encouragement Time

RitaKeller

“Correction does much, but encouragement does more.” – – Goethe It’s that time of year…. people are working long hours, the pressure is on, the team is tired, and sometimes negative comments and attitudes can appear from even the most positive leaders. Remind your firm leaders (partners and managers) that the team is growing weary, and now is the time they need positive support and encouragement.

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Transfer Pricing and Foreign Legal Restrictions: 3M Co. v Commissioner Ruling

Cherry Bekaert

Foreign legal restrictions have often been a source of confusion for multinational taxpayers, particularly in countries such as Brazil, whose transfer pricing regulations seemingly depart from the arm’s-length principal by capping royalties and setting ranges for tangible transfers. This has led to disagreements between taxpayers and the Internal Revenue Service (IRS) about the impact of foreign legal restrictions on the arm’s-length amount to be recognized in controlled transactions.

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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.