Thu.Jun 16, 2022

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3 Tools to Extend Your Startup’s Cash Runway

BurklandAssociates

We first published this article as part of a three-part series to help startups in the early weeks of the Covid downturn. In light of current world events and economic Read More. The post 3 Tools to Extend Your Startup’s Cash Runway appeared first on Burkland.

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Are travel services taxable?

TaxConnex

Summer vacation season is here – and it’s yet another area where sales tax shows up. The sales tax associated with s ervices is a different sales tax animal as compared to tangible personal property. The taxing of certain travel related services, such as lodging, can be taxable in some states. The likes of Expedia and Orbitz have a long history battling various states in the courts even as localities start making deals with new players in hospitality.

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Xero App Store apps Australian small businesses should know about this EOFY

Xero

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. One element that shouldn’t be underestimated is the tools and technology in your repertoire. Why? Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. .

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NJCPA names 2022 Ovation Award recipients

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Top Data Security Practices to Protect Your Firm

Accounting Web

Trends Top Data Security Practices to Protect Your Firm.

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EY invests $1B in new audit technology

Accounting Today

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House committee proposes $1B funding boost for IRS

Accounting Today

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How to celebrate Pride Month in your small business

Reckon

Did you know that June is Pride Month? That’s right, it’s here! But how can you get involved in a meaningful way within your own small business? What steps can you take to help create a more inclusive society and combat the scourge of intolerance that has historically been brought against the LGBTIQ+ community? It starts with being authentic and knowledgeable.

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GASB issues guidance on accounting for compensated absences

Accounting Today

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Why Is Up-To-Date Bookkeeping So Important?

AccountingDepartment

Updated and accurate bookkeeping is the backbone to keeping a business running smoothly. Whether a business owner is handling all of their bookkeeping in-house, or if an outsourced service provider is taking care of it, here are a few reasons why up-to-date bookkeeping is so important.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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SASB Standards Board prepares for transition to ISSB

Accounting Today

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Accounting KPI: How to Use Key Performance Indicators to Measure Success

Patriot Software

Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power—as soon as you know where improvements are needed, you can create a plan for future success. […] READ MORE.

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Consulting industry M&A could get boost from EY’s possible split

Accounting Today

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Standard Mileage Rates for Business, Medical, and Moving Expense Purposes Will Increase in July

ThomsonReuters

IRS Announcement 2022-13 (June 9, 2022); IRS News Release IR-2022-124 (June 9, 2022). Announcement. News Release. The IRS has announced a midyear increase in the standard mileage rates for business and medical use of an automobile, and for deducting moving expenses. For travel on or after July 1, 2022, the business standard mileage rate is 62.5 cents per mile (up from the original 2022 rate of 58.5 cents per mile—see our Checkpoint article ).

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Crypto-SPAC deals stuck in SEC limbo as token demand plunges

Accounting Today

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THRIVE - Scaling New Heights - June 19-22, 2022

CPA Practice

Scaling New Heights is a leading accounting technology conference and one of the largest gatherings of certified QuickBooks ProAdvisors in the world. Scaling New Heights transforms the way small businesses operate through forward-looking measurements.

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CPA.com opens 2022's CAS Benchmark Survey

Accounting Today

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EY Puts Its Money Where Its Mouth Is on Audit Quality With a Technology Investment

Going Concern

EY announced today it is making a $1 billion investment in audit technology just weeks after WSJ reported that the firm is in the process of splitting its audit and consulting arms. $13.6 billion of EY’s $40 billion global revenue last year came from audit. From EY : EY today announces an investment of more than US$1b in a next generation assurance technology platform – part of a sustained focus on providing high quality audits and responding rapidly to changing expectations from regulator

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Tax Fraud Blotter: Federal bureau of intimidation

Accounting Today

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Sage Intacct – Automating to Save You Time 

Withum

Let’s face it, we all make mistakes; we are human, and it is part of our nature. While some mistakes lead to growth, we do not want to see mistakes made regarding our company’s accounting. Segregation of duties and review help to reduce human error. Still, depending on the size of your organization, the reality is that no one has time to review each transaction in full detail.

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FASB pauses goodwill accounting project

Accounting Today

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Practice Apps Sponsors at Scaling New Heights

Intuitive Accountant

Here are some of the Practice Software Apps sponsors that can be found on the exhibit hall floor at this year's 'Scaling New Heights.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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McDonald’s to pay $1.3B to settle French tax cases

Accounting Today

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4 Ways You Can Avoid a Data Leak

Intuitive Accountant

There are lots of cyberattack horror stories out there. CPA4IT's Andrew Wall says adding these key cybersecurity priorities to your 'must-do' list can help make a difference.

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Infiltrating the inbox: 4 strategies for writing effective business emails that help your bottom line

DMCL

June is Effective Communications month in the business world; a time to reflect and learn new strategies for better communicating in the workplace. As many businesses continue to navigate the era of the remote and hybrid work environments, there’s bound to be places where communication issues arise and information flow breaks down. According to one study, miscommunication costs companies of ~100 employees an average of $420,000 per year.

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Why Old Thinking Won’t Lead to New Ideas

Intuitive Accountant

If you’re going to open up your mind—and firm—you need to change the way you think. Harvard instructor Susan Robertson offers five ways you can become instantly more innovative.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Untangle the Power Platform Licensing Web

Withum

Better Understand the Complex Power Platform Licensing Structure. Download Guide. Microsoft’s Power Platform comes with a lot of great automation possibilities but figuring out what to use when and which licensing makes the most sense for your organization is an undertaking. Download our comprehensive guide to determine which licenses are a good fit for your automation scenarios and learn more about Power Platform’s powerful capabilities within: Power Automate Power BI Power Apps Power Apps Port

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Davis and Whitley Get Shafted in Latest Accounting Firm Merger

Going Concern

There’s a new megafirm on the block and it’s called Elliott Penn LLP. Not quite as dynamic as Forvis but we can’t all have forward vision now can we? Since people are already getting dissed by this arrangement, here is the Whitley Penn press release and here is the same exact thing from Elliott Davis, pick your link. The details: The leading accounting firms of Whitley Penn LLP and Elliott Davis, LLC announce today that they will join forces and merge to form Elliott Penn LLP,

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Can Our Plan Require Cost-Sharing for Colonoscopy-Related Services?

ThomsonReuters

QUESTION: Our company sponsors a non-grandfathered group health plan subject to the Affordable Care Act’s preventive services mandate. We understand that the plan may not impose cost-sharing for a colonoscopy that is performed as a screening procedure under the United States Preventive Services Task Force (USPSTF) recommendations. What other colonoscopy-related services must be covered without cost-sharing?

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Deloitte is Coming to Take PwC’s Consulting Crown in Australia

Going Concern

News is slow over here in the land of Coors and corn syrup, let’s take a quick trip to Oceania. Via AFR : Deloitte is challenging PwC’s place as the largest consultancy by revenue in Australia as the firm posts a 19 per cent jump in income to $2.5 billion in the year to May. The strong performance was due to surging demand for Deloitte’s technology, risk and financial services advice.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.