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Calculating a return on investment for new software purchases is a good way to make decisions about where to spend your time and capital. It quantifies the benefits resulting from the software’s use and can therefore serve as a metric to compare the relative value of different projects. To use it for comparison purposes, however, requires consistency of measurement across solutions, even when measurement can be difficult.
TaxConnex ® is excited to announce the launch of a new client portal, Client Connexion. Client Connexion will provide a streamlined client experience and enhanced data security through an intuitive user interface and encrypted portal. Clients will be given individual logins to provide their data, review their cash requests, pull reports, and tax returns, and view historical data, thus removing some of the manual processes clients and practitioners navigated through previously.
As the AICPA & CIMA hosted its annual Engage Conference in Las Vegas this week, it also broadcast its 100th AICPA Town Hall live from the Dolby Stage before more than 1,000 live attendees, and thousands more watching live online. Hosted by CPA.com CEO Erik Asgeirsson, the CPE-eligible live broadcast Town Hall events are 1-hour in duration, and were started at the onset of the COVID-19 pandemic, as a means of keeping professionals up-to-date on key issues, regulatory and legislative activitie
Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.
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.
By Muri Assunção, New York Daily News (TNS) The U.S. Supreme Court ruled May 25 in favor of a 94-year-old woman who didn’t receive a single dime after her Minneapolis condominium was seized by authorities and sold over a small unpaid tax bill. In a unanimous decision, the nine justices ruled that the constitutional rights of Geraldine Tyler were violated after Hennepin County in eastern Minnesota sold her one-bedroom unit for $40,000 in 2016.
A quickie from Sydney Morning Herald on yesterday’s Senate committee hearing in which KPMG Australia CEO Andrew Yates took the opportunity to throw some barbs at PwC while he has the chance: KPMG boss Andrew Yates publicly rebuked PwC for the tax scandal that is impacting the entire multibillion-dollar financial consulting industry while apologising for his firm’s own failings, which include 1000 staff cheating on an exam about acting with integrity in their work.
By Thomas Gase, Times-Herald, Vallejo, CA (TNS) The House Ways and Means Committee passed Rep. Mike Thompson (R-CA) and Rep. Adrian Smith’s (R-NE) Employer Reporting Improvement Act on Wednesday with a bipartisan vote. The bill now goes to the House floor for consideration. “I am glad that the Ways and Means Committee today passed my bill reducing administrative burdens and making it easier for businesses to comply with the Affordable Care Act,” said Thompson in a news release.
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By Thomas Gase, Times-Herald, Vallejo, CA (TNS) The House Ways and Means Committee passed Rep. Mike Thompson (R-CA) and Rep. Adrian Smith’s (R-NE) Employer Reporting Improvement Act on Wednesday with a bipartisan vote. The bill now goes to the House floor for consideration. “I am glad that the Ways and Means Committee today passed my bill reducing administrative burdens and making it easier for businesses to comply with the Affordable Care Act,” said Thompson in a news release.
If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.
The IRS and the Treasury Department said on June 7 that it will provide penalty relief for corporations that failed to pay their estimated tax liability under the new corporate alternative minimum tax (CAMT), which was created last year by the Inflation Reduction Act. The CAMT applies to certain corporations reporting more than $1 billion in annual adjusted book income averaged over a three-year period.
Is't that time of year, time for the next round of Pricing changes and trying to decipher what they mean to our clients, and our firms. In an email sent June 8, 2023, The QuickBooks Team outlined upcoming change for the QuickBooks Online, Online Payroll, and Online Payments products and service. We will comb through this email and offer our take on what this means to you as a QB Online user or those who support QuickBooks Online Clients.
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.
The American Institute of CPAs and Chartered Institute of Management Accountants honored eleven CPAs during AICPA & CIMA ENGAGE 2023 in Las Vegas this week. The awards highlight CPA efforts in a specific accounting specialty area, excellence in volunteer efforts or significant contributions to the accounting profession. Awards presented include the P.
Withum is proud to announce that the National Association of Certified Valuators and Analysts® ( NACVA® ) named Henil Shah as a 30 Under Thirty Honoree. Henil is a manager in Withum’s Forensic and Valuation Services Group. He has seven years of experience in providing business valuation and transaction advisory services for a multitude of industries, including technology, consumer products, life sciences, and others.
By Richard Lavina. The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. Due to the increasing demand for bookkeeping, taxes, compliance, consulting, and audits, especially with more people and businesses in the United States, tax season becomes increasingly difficult for short-staffed firms across the U.S.
Data is central to any business, and the ability to strategically manage it is growing exponentially. As companies lean in on digital transformation efforts, their data strategy will be a true marker of their ability to compete and future-proof their business. According to Harvard Business Revie w , “cross-industry studies show that on average just 26.5% of organizations report having established a data-driven organization (2022).
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.
Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.
Our Sports & Entertainment industry professionals, Stacey Korman, Brad Pauley, Alan Lo, and Andrea Bonilla, are attending the Trusted Advisor’s second annual Trusted X LA Technology Summit on June 8th. The exclusive one-day event is held in Santa Monica from 1:00pm-7:00pm and consists of opening and closing remarks, various panels presented by industry experts, and Read the full article.
Ever feel like the whole world is taking a summer vacation except you? That’s real: Small business owners can’t always afford to step away from the helm to take those long, glorious vacations you see on social media (maybe beach and Europe photos are already popping up in your feed?). Whether you do have some breathing room in the next few months, or whether this is your busy time of year, I just want to remind you: Your work matters.
According to a new Bankrate report, Americans are tipping less often for numerous services, demonstrating a steady decline over the last few years. Additionally, two-thirds (66%) have a negative view about tipping, including feeling like businesses should pay their employees better rather than relying so much on tips (41%), feeling annoyed about pre-entered tip screens (32%), feeling that tipping culture has gotten out of control (30%), saying they would be willing to pay higher prices if we cou
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.
Small and medium-sized businesses rely heavily on the accounting software to keep their finances in order. QuickBooks is of the most popular accounting software that has been around for over.
I am truly honored and delighted to make the Insightful Accountant Top 100 ProAdvisor list! Insightful Accountant identifies and recognizes the Top 100 QuickBooks ProAdvisors across the globe each year in its annual award program, formally recognizing recipients at the Scaling New Heights Accounting Technology conference, to be held June 25-28, 2023 in St.
In Part 2 of G76's Peter Mares' four-part series, the CEO Whisperer will help you answer some of the questions that can why you are in business. To learn more, you also can sign up for the June 14 webinar.
It appears the Institute of Chartered Accountants in England and Wales (ICAEW) has finally pushed Sheffield University’s Richard Murphy over the edge. The Professor of Accounting Practice at Sheffield’s Management School issued a new report chastising the group for hoarding funds. Murphy’s report [ PDF ] says the ICAEW is just flat out keeping fines and other sums of money levied against chartered accountants who did shitty work.
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.
In today's fast-paced business world, entrepreneurs constantly seek ways to streamline operations and maximize efficiency. One area that often demands a significant amount of time and expertise is accounting. Accounting tasks, from managing financial records to preparing tax returns, can be overwhelming and time-consuming. This is where outsourcing your accounting with Xero can be a game-changer for your business.
Architectural and engineering firms engaged in contracts that call for billing based upon an overhead rate are challenged to find balance between an optimal and competitive overhead rate. Since the overhead rate has a direct effect on the consultant’s profit margin, an ample overhead rate is essential. In order to ensure your firm is calculating an optimal overhead rate, there are several areas to consider.
In today’s competitive audit landscape, organizations must stay ahead of the curve to ensure they have the best audit staff in their workforce. To do this, it is essential to have a comprehensive recruitment and retention plan that incorporates key strategies such as technology, data analytics, and fostering an engaging work environment. These strategies help companies make informed decisions about their recruitment and retention processes by optimizing their recruitment process with techn
As you likely know, the landscape is evolving around accounting and assurance standards. In recent years, there’s been an increased regulatory focus and the accounting industry as a whole is being held to a higher standard. At DMCL, we’re regulated by three oversight bodies: CPABC – CPABC is the Chartered Professional Accountants of British Columbia.
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.
Google Discover recently threw a Mashable article at me about using ChatGPT to help write cover letters and how HR professionals are apparently displeased by this so I figured let’s talk about it since some of you might be looking for a job in the coming months. The figures come from a report by tech-forward talent company iCIMS called “Class of,” a sort of snapshot of the year’s graduating class.
Menzies LLP - A leading chartered accountancy firm. When the UK Government introduced PPT in April 2022, the aim was to encourage the use of recycled plastic within packaging. PPT should be considered by all businesses who either manufacture plastic packaging in the UK or import it into the UK. Recent HMRC data reveals that PPT has raised a total of £263 million through the first 10 months of the scheme, exceeding HMRC targets.
Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining. Let’s go! Table of Contents What are Accounting Forums?
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The upcoming deadline for 2023 estimated tax payments is June 15, which is approaching quickly. If you don’t have taxes automatically deducted from a regular paycheck due to being self-employed or retired, for example, you may need to make estimated tax payments. The reason why is that in the United States, we have a pay-as-you-go system for taxes.
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.
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