Thu.Feb 01, 2024

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How to Price Your Accounting Services | Canopy

Canopy Accounting

The way you price your accounting services shouldn’t be arbitrary. The correct accounting pricing strategy can effectively mean the difference between scraping by and robust growth.

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The over-and-over process of sales tax compliance | TaxConnex

TaxConnex

Well, it’s Groundhog Day. again. – Phil Connors, Groundhog Day In 1993, a Bill Murray movie quietly appeared about a Pennsylvania TV weatherman who relives the same day (February 2) over and over in the town of Punxsutawney. He’s been sent there, much against his wishes, to cover Phil the famous groundhog whose shadow, year after year, forecasts the end of winter.

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Acterys xP&A Suite Enters the Gartner Magic Quadrant for Financial Planning Software

Acterys

Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.

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House Passes Tax Relief Act With a Decisive Bipartisan Vote

Withum

The House of Representatives passed Rep. Jason Smith’s sponsored bill H.R. 7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures

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Live Demo: How to Achieve Reconciliation Zen

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Melancon looks to build accounting pipeline amid tax changes

Accounting Today

American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.

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Kevin Baldus Joins Anders as Chief Information Officer

Anders CPA

Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.

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4 Efficient Growth Strategies for Technology Businesses

Cherry Bekaert

For technology companies, “efficiency” isn’t just another buzzword. It’s a strategic imperative, and the pursuit of efficiency has emerged as a critical factor in driving sustainable growth. Our “Year of Efficiency” podcast series recently featured four key areas in which technology company CEOs and CFOs should focus on in the continual quest for improved business processes and substantial growth.

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2024 Tax Refund Date Estimator

CPA Practice

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund. “ When will I get my tax refund? ” is one of the most common questions for many taxpayers.

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Five cash flow trends impacting small businesses

Xero

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.

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Meet 2023 International ProAdvisor - Non-Americas Award Winner : Emma Fabbro

Insightful Accountant

We sat down with Emma to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.

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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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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

Jump to: Enhanced Child Tax Credit Business breaks Disaster tax relief Affordable housing Next steps A promising step forward for American families and workers The Tax Relief for American Families and Workers Act of 2024 , passed by the House of Representatives on January 31st, 2024, aims to provide tax relief and support to American families and workers.

Tax 98
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Meet 2023 International ProAdvisor - Non-Americas Award Winner : Emma Fabro

Insightful Accountant

We sat down with Jennie to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.

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A 2024 Overview of IRS Form 1041 Schedules

Canopy Accounting

For estate planning and taxation, IRS Form 1041, U.S. Income Tax Return for Estates and Trusts , documents the income an estate earns after the estate owner passes away. It’s also used to track income before any beneficiaries receive designated assets. In other words, Form 1041 is used to report the income, deductions, gains, and losses of an estate or trust.

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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

Jump to: Enhanced Child Tax Credit Business breaks Disaster tax relief Affordable housing Next steps A promising step forward for American families and workers The Tax Relief for American Families and Workers Act of 2024 , passed by the House of Representatives on January 31st, 2024, aims to provide tax relief and support to American families and workers.

Tax 98
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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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Intuit Announces Black History Month Survey Results

Insightful Accountant

Intuit QuickBooks has released the results from its Black History Month survey revealing the top challenge facing Black small business owners is 'inflation.

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20 Years of 1099s at AccountingDepartment.com

AccountingDepartment

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.

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KPMG UK Partners Brought Home More Money This Year

Going Concern

12,000 people at KPMG UK may have had their pay frozen and bonuses cut late last year but partners are doing OK according to this recent report from FT. First of all, LOL: The story : Payouts for UK partners at KPMG climbed 4 per cent to an average of £746,000 (approx. $949k USD) last year despite a surge in fines for audit failures and a slowdown in growth at the Big Four firm.

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IRS Business Accounts & Your Skagit County Business

SkagitCountyTaxServices

The crescendo of the entire football season is coming up in two weeks, aka the Super Bowl (Sunday, February 11). It’s probably one of the most watched events in America. This year will be no exception… and not just because Taylor Swift will be there cheering on her man. It’ll be a 2020-rematch, and the Chiefs will be on the hunt to win back-to-back Super Bowls (something only 8 teams in NFL history have accomplished).

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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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Attn Illinois University Students: Check Out These Scholarships

Going Concern

Want some help with school? You’re in the right place. Everyone here is a walking billboard for why you should stay in school really, let that be some motivation. Fresh press release for you straight from the source: Aiming to aid accounting students and increase the pipeline of future certified public accountants (CPAs), the Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, are now accepting scholarship applications.

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House passes $78B business, child tax break bill

Accounting Today

The measure now heads to the Senate where lackluster Republican support threatens to sink it.

Tax 110
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Making Accounts Payable More Efficient

MineralTree

It’s almost four years since COVID first appeared, and AP teams are still pressured to get more done despite fewer resources and persistent challenges. The pandemic dramatically exposed the inefficiencies of manual, paper-based processes and the difficulties of managing remote team members, invoice approvers, and payment authorizers. Yet, it also underscored the critical role that AP plays in enabling prompt vendor payments and strengthening relationships to keep goods and services flowing durin

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Tax Fraud Blotter: We have a winner

Accounting Today

Mule the merrier; cashing out; going for the gold; and other highlights of recent tax cases.

Tax 110
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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.

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5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. That hasn’t changed. However, exactly “what” types of advisory a firm should offer has always been a question. The findings from the new Entrepreneurship in 2024 Report , conducted by Intuit QuickBooks in December 2023, solves for that, providing you a roadmap to help your clients.

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GOP attorneys general denounce IRS free file pilot

Accounting Today

Republican attorneys general from 13 states have signed a letter denouncing the IRS pilot of a Direct File system, calling efforts unconstitutional.

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Serving Seniors Can Help Firm Real Estate Clients

CPA Practice

By Nikki Buckelew, Ph.D. A Chicago-area real estate agent, Betsy Phillips, has built up her practice by focusing on the needs of transitioning seniors, www.seniorrealestateexperts.com. She recounts an experience with a client who was not ready to move – but had no choice. “He was not a happy camper,” she recalls. “In fact, he was something of a grouch.

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Trends that will shift the accounting landscape in 2024

Accounting Today

From digitalization and consultancy to Bitcoin and cryptocurrency, 2024 is set to be a year of growth and possibility.

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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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A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. It's not just about crunching numbers – it's about crafting a strategic architecture that empowers informed decisions, optimizes operations, and navigates the complexities of compliance. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial

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AICPA and CIMA Receive Technology Award

CPA Practice

AICPA & CIMA has received the Brandon Hall Group Gold award for Excellence in Technology. The award was in the Best Advance of Learning Management for External Training category. The 2023 Brandon Hall Group Excellence in Awards are presented annually for work in the categories of Learning and Development, Talent Management, Talent Acquisition, Human Resources, Sales Enablement, Future of Work, and Education Technology.

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Start Now to Make Your 2024 Tax Return Easier to Do

Withum

Last year is a closed book for most transactions that will be reported on your 2023 tax return. However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider. Publicly Traded Partnerships Consider not investing in publicly traded partnerships (“PTP”) unless you invest amounts meaningful to your total financial assets.

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Insolvencies reach 30-year high in 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. Figures released this week by The Insolvency Service have indicated that 2023 had the highest annual number of corporate insolvencies since 1993. Although creditors’ voluntary liquidations were still the most frequently used process, all processes monitored by the Insolvency Service experienced an increase during the year. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.

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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.