AccountingDepartment
JANUARY 4, 2023
Most business owners and managers are busy to the point that they overlook the signs that indicate it is time to outsource bookkeeping and/or accounting projects to outside specialists. Instead of attempting to do everything in-house, trust the bookkeeping services professionals to complete numbers-related projects on your behalf.
SMBAccountant
JANUARY 4, 2023
New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Under the old rules, financial reporting requirements were determined based on whether a contract was considered a capital or operating lease. Capital leases were leases of equipment or large assets.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
RogerRossmeisl
JANUARY 4, 2023
At the heart of every successful buy-sell agreement are well-reasoned business valuation provisions. By thinking through valuation matters and anticipating potential sticking points while the owners are on good terms, you can help facilitate future buyouts — when relations might be strained. Estimating value Several possible valuation approaches can be used to set the price in a buy-sell agreement.
Withum
JANUARY 4, 2023
As we begin 2023, we are still seeing many businesses that have not yet claimed the employee retention credit (“ERC”) , and the potential benefit of this credit has attracted many inexperienced service providers making exaggerated promises in exchange for outsize contingency fees. In fact, these service providers have become so prevalent that the IRS, in a relatively unprecedented move, released a warning to taxpayers to be wary of third parties advising them to claim the ERC when they do not qu
Advertiser: Paycor
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.
RogerRossmeisl
JANUARY 4, 2023
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. Consider computing in advance what the tax on this recapture would be and to see what planning steps might be taken to minimize it.
Patriot Software
JANUARY 4, 2023
Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state. Read on to […] Read More.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JANUARY 4, 2023
The last of the 2021 Big 4 PCAOB inspection reports belongs to KPMG, which has had the highest audit deficiency rate of the four firms for six out of the previous seven years —the lone exception being 2019. Make that seven out of the last eight: In the 2021 inspection of KPMG LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies.
Canopy Accounting
JANUARY 4, 2023
When you think of tax season, does burnout come to mind? I haven’t conducted a formal poll, but my guess is the answer would be “yes” for many CPAs and accountants. In preparing to write this blog, I did what I usually do – start with the definition.
Lockstep
JANUARY 4, 2023
If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments. A shared accounting inbox can be a great way to do this, as it allows both AR and AP managers to see all payments in one place. In this blog post, we’ll explore the benefits of using a shared inbox for AR and AP management.
Basis 365
JANUARY 4, 2023
Business owners should consider outsourcing their accounting to a third-party service provider. These points will help you narrow down the options to find the right one. These include the service's price, the provider's reputation, and company size. In addition, it is essential to review the accounting procedures that the outsourcing company uses. Although outsourcing accounting can give business owners greater control and a better understanding of their finances, it is crucial to choose the rig
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.
Patriot Software
JANUARY 4, 2023
Economic nexus has taken the nation by storm. With the majority of states establishing economic nexus laws (46 states to be exact), it can be hard to keep up with all of the rules and changes. Regardless of if you have in-person or online sales, you need to know whether the state you’re selling in […] Read More.
Going Concern
JANUARY 4, 2023
Ed. note: I couldn’t find a good image to go with this post so I’m using this dog. Dogs are always good. According to the AICPA , a traditional four-year undergraduate program is not adequate for obtaining the requisite knowledge and skills to become a CPA. The reasons offered for this center around the increasing complexity of public accounting practice; there are more rules and regulations, the knowledge base has greatly expanded, the CPA’s toolkit is expected to be more vari
Patriot Software
JANUARY 4, 2023
You may have heard the phrase “If you have time to lean, you’ve got time to clean.” It’s a saying beloved by managers across the country and cuts to the core of the nonexempt employee/wage relationship. Nonexempt employees get paid because they work for a certain period of time. But what if an employee is […] Read More.
Withum
JANUARY 4, 2023
We are rapidly entering a bright new era of food culture. The food of tomorrow will be markedly different from the food of the past. The topic of food sustainability is perhaps the hottest trend in the food and beverage industry. Consumer preferences have radically changed the landscape of the food ecosystem from an industrial-scale supply and affordability paradigm to a trend toward a more individualized approach that prioritizes planet-friendly production techniques.
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
Intuitive Accountant
JANUARY 4, 2023
Avoiding common mistakes with critical, but simple questions, a lot of people get confused within the formal application for Top 100. Murph offers some tips and tricks to avoid those problems.
Accounting Seed
JANUARY 4, 2023
Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. Though as your business grows, the number of transactions you need to record grows too. Manual bookkeeping becomes a drain on your time, and the odds of making serious errors go up.
Intuitive Accountant
JANUARY 4, 2023
ADP's David Palmieri explains how this powerful tool can help your clients manage their workforce.
Reckon
JANUARY 4, 2023
When trying to be found online, there’s been a shift in consumer behavior you need to be aware of. More than ever, potential customers will find your business by searching ‘near me’ on Google Maps instead of a regular Google search. Furthermore, an increasing number of customers will also filter out their options by only considering businesses with 4 stars or above.
Advertisement
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.
DMCL
JANUARY 4, 2023
We’re excited to announce two new additions to our partnership effective January 1, 2023. Our private enterprise services team is proud to welcome Ellen Tran as a partner. Ellen started with DMCL in 2016 after spending the early days of her career at two other comparable local mid-size firms. Her wealth of knowledge and breadth of experience make her a valued resource for all her clients.
Going Concern
JANUARY 4, 2023
Listen to Oh My Fraud , a podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark. . The post Exposure Drafts: Happy Same As Last Year! appeared first on Going Concern.
Accounting Insight
JANUARY 4, 2023
Progress in developing routes into the accountancy profession, but recruitment and retention a challenge. The global professional body, the Association of Chartered Certified Accountants (ACCA), which trains and supports around 10,000 students and members working in accountancy and finance across Scotland, has highlighted the unprecedented scale and pace of employment flux in its response to the Scottish Government’s review of skills.
Snyder
JANUARY 4, 2023
Accounting is extremely important but can be quite challenging for an online business. It’s always good to have an accurate, clear, and easy to read P&L report that can show not only the total of all your sales, but tell you what product groups generate more profit and what you can improve. It’s also crucial for an online business to automate repeated tasks to save time for more important business matters.
Advertisement
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.
Inform Accounting
JANUARY 4, 2023
Understanding VAT rules can be complicated at the best of times, so it’s no surprise that there’s often confusion as to when you might or might not charge VAT on a commercial property. Getting to grips with the details is key if you’re looking to buy, sell or rent for your business. VAT Exemption on Commercial Properties. The lease or sale of a commercial property is usually exempt from VAT i.e. the tenant or person buying the property doesn’t have to pay VAT on it.
Intuitive Accountant
JANUARY 4, 2023
Internationally renowned ProAdvisor Esther Friedberg Karp shares tips for working with foreign currency in QBO and QuickBooks Desktop Charts of Accounts.
KROST
JANUARY 4, 2023
This is one of the articles in the KROST Quarterly Hospitality Issue, titled “KROST HR Solutions For Restaurants & Other Small To Medium-sized Businesses” by Lisa Arangua Did you know that KROST offers Human Resource Solutions to companies that do not have access to, or resources for full-time HR personnel? We recently spoke to Lisa Read the full article.
Advertiser: Paycor
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.
Cherry Bekaert
JANUARY 4, 2023
The Corporate Transparency Act (CTA) was enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021 to provide uniform Beneficial Ownership Information (BOI) requirements for entities registered to conduct business in the United States. The CTA is part of the Anti-Money Laundering Act of 2020. The proposed BOI regulations were issued on December 7, 2021, and final regulations were issued on September 30, 2022.
Summit CPA
JANUARY 4, 2023
As a distributed company , not only do we serve our clients remotely, but our team members work remotely as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while working remotely with (and for) our customers, and we couldn't do any of it without our amazing team.
Accounting Today
JANUARY 4, 2023
Advertisement
Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.
Expert insights. Personalized for you.
72 
Let's personalize your content