CTP
APRIL 10, 2023
Accounting Pricing Strategy One of the most difficult, yet important, issues you must decide as tax business owner is how much to charge for your services. While there is no one single right way to determine your pricing strategy, there are some key guidelines that will help you with your decision. A recent survey conducted by the AICPA and NSA revealed that accountants struggle with how to price their services.
RogerRossmeisl
APRIL 10, 2023
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that apply when a stock you own is sold at a loss or becomes completely worthless. Stock sales produce capital losses Stocks are capital assets and produce capital gains or losses when they’re sold.
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CPA Practice
APRIL 10, 2023
By Gail Cole A bill making its way through the Colorado General Assembly could help all businesses, and especially small businesses, comply with the retail delivery fee (RDF) that took effect July 1, 2022. What is the Colorado retail delivery fee? The 27-cent retail delivery fee applies to all deliveries containing at least one taxable item that are made by motor vehicle to a location in Colorado.
RogerRossmeisl
APRIL 10, 2023
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a win-win! Here are four tax advantages. 1. Shifting business earnings You can turn some of your high-taxed income into tax-free or low-taxed income by shifting some business earnings to a child as wages for services performed.
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.
Insightful Accountant
APRIL 10, 2023
Intuit is launching a rest-of-world app store as part of the QuickBooks Ecosystem to help app developers build apps to meet the growing demands of SMBs and accountants globally.
RogerRossmeisl
APRIL 10, 2023
Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here’s an overview of what fair value is and how it differs from fair market value. Eyes on GAAP The terms “fair value” and “fair market value” are sometimes used interchangeably.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Xero
APRIL 10, 2023
Over the next couple of weeks, we’ll be rolling out some changes to the search function in Xero. The functionality will stay the same, but you’ll notice it looks a little different. Like many of the changes we’ve rolled out across our platform lately, this is part of our commitment to ‘ Building on Beautiful ’ — which is about continuously making changes in Xero so we can stay ahead of the latest technologies, standards and ways of working in your business or practice.
Anders CPA
APRIL 10, 2023
Anders has been named a finalist for the 2023 Corporate Philanthropy & Innovation in Philanthropy Awards in the Midsize Company category by the St. Louis Business Journal. This is the fourth year in which local partnerships are recognized for going above and beyond standard philanthropic practices in new and creative ways. Companies are selected based on those who gave the most in charitable contributions last year based on total cash and in-kind giving.
Going Concern
APRIL 10, 2023
TL;DR: After getting fined by the SEC for cheating on CPE and ethics exams in June 2022, an independent consultant review into EY’s testing procedures was supposed to be completed by March. It was not and the SEC has granted the consultants more time to get it done. As you may recall, last June the SEC levied its largest fine against an audit firm ever — $100 million — and the lucky recipient of this record-breaking punishment was EY.
Cherry Bekaert
APRIL 10, 2023
As SEC filers prepare for the 2023 SOX compliance reporting season, public companies must evaluate their organization’s internal controls, policies and procedures, and IT systems, including user access reviews. Another common issue surrounds significant and unusual transactions, understanding the risks, and designing and testing controls to offset those potential risks.
Advertiser: Paycor
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CPA Practice
APRIL 10, 2023
The CPA Endowment Fund of Illinois , the charitable partner of the Illinois CPA Society (ICPAS), is proud to announce its board of directors for the April 1, 2023, to March 31, 2024, fiscal year. This year, the board welcomes new ICPAS President and CEO Geoffrey Brown, CAE, and ICPAS Board of Directors Immediate Past Chairperson Mary K. Fuller, CPA, as ex-officio directors.
Cherry Bekaert
APRIL 10, 2023
Author: Graham Michitsch, Senior Manager, Risk & Accounting Advisory Services Level Setting and Examining Current State In today’s current business environment, accounting departments play a critical role to help ensure the financial health and sustainability of organizations. From managing day-to-day financial information and transactions to providing strategic insights to decision-makers, accounting professionals have their hands full with a wide range of responsibilities.
ThomsonReuters
APRIL 10, 2023
Today, many businesses rely on an outdated model of engagement on public policy and civil discourse, often defaulting to trade associations and government relations departments to make decisions on their company’s stance on societal issues. As more and more companies commit to embedding environmental, social, and governance (ESG) activities into their business practices , a related push for corporate political responsibility (CPR) is also taking shape.
Menzies
APRIL 10, 2023
Menzies LLP - A leading chartered accountancy firm. Businesses operating within the property and construction sector may have specific needs and requirements that are not commonly found in other sectors. This may include for example complying with the Construction Industry Scheme. Our specialist property and construction team can assist with all sector specific matters that may arise.
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.
Reckon
APRIL 10, 2023
The idea of taking care of your staff’s wellbeing is not exactly novel. However, over the last few years, the health, life satisfaction, and social wellbeing of your staff has really come to the fore. In no small part, due to the COVID-19 pandemic, there’s been a huge shift toward happier, healthier, more flexible working arrangements. Not only do these HR considerations make for better and more productive employees, but they should also be recognised as important (in their own right), as we’re
Going Concern
APRIL 10, 2023
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Last week I raised the question of whether it is ethical to promote an educational path to CPA licensure that is (highly) susceptible to cheating. The AICPA’s pipeline acceleration plan proposes an Experience, Learn & Earn (ELE) Program that is so outrageous to the academic community that I keep hearing the same question, “Does AACSB know about this?
RitaKeller
APRIL 10, 2023
“Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.” – Dr. Seuss. It is the final week, counting down to the April 18th tax due date. Maybe this week you will be agile. Per Dictionary.com, agile, of course, means quick and well-coordinated movement, active and lively. The ability to think quickly; mentally acute or aware.
Cherry Bekaert
APRIL 10, 2023
Contributor: Nick Cousino, CPA, Senior Manager, State Tax Credits & Incentives Advisory Understanding the Credit Transfer Provisions To remain competitive against other states and a favorable state for businesses to operate in, Georgia has offered a Manufacturing Investment Tax Credit. New provisions give industrial and telecommunications companies operating in Georgia a limited opportunity to apply for an advantageous tax credit to offset their payroll withholding tax liabilities within the
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
CPA Practice
APRIL 10, 2023
By Gail Cole It recently dawned on me that although I enjoy traveling, I dislike finding places to stay. Takes me ages and makes me grumpy. Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is.
Snyder
APRIL 10, 2023
Come tax season, tax accountants get buried in paperwork and do their best to save the day for businesses of different sizes. But can you ease the strain and optimize tax filing for e-commerce companies with lots of sales? This is the question Travis K, an e-commerce accountant serving a couple of online businesses, has managed to answer. Recording Amazon sales tax correctly Travis, who has been working with Amazon businesses for several years, knows first hand the challenges of Amazon sales ta
CPA Practice
APRIL 10, 2023
Even the Tooth Fairy can’t escape inflation. According to new Delta Dental findings from its 2023 Original Tooth Fairy Poll, the average value of a single lost tooth during the past year increased 16% from $5.36 to $6.23. The new value not only has children beaming with gap-toothed smiles but also represents a record high in the 25-year history of the poll.
Going Concern
APRIL 10, 2023
It’s Monday. Yay. Here’s what’s going on. Smaller accounting firms have asked Big 4 to share their expertise [ FT ]: Smaller rivals have called on the UK’s Big Four accounting firms to share their audit expertise and technology, but partners at the big firms say they fear being accused of breaking competition law if they do so. “Part of the problem is there isn’t [enough] knowledge sitting outside of the Big Four,” said Martin Muirhead, chair of the Association of Practising Ac
Advertiser: Paycor
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CPA Practice
APRIL 10, 2023
As graduation season approaches, what kind of job market will the Class of 2023 face? New research from talent solutions and business consulting firm Robert Half reveals five trends for college graduates planning to launch their career: [ Click to Enlarge.] Multiple interviews — Employers typically conduct four interviews with an entry-level candidate before extending an offer.
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