Fri.Jun 10, 2022

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Do I Need an Accountant for My E-commerce Business?

Snyder

Although many e-commerce businesses will hire an accountant to help them with tasks such as tax filings, having efficient accounting for Shopify software can make a big difference to your finances! Functions such as expense tracking in Shopify automate most of the daily bookkeeping duties, like: Producing real-time P&L reports Compiling every sales channel in one place Managing your inventory from a single dashboard.

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TIGTA warns of IRS impersonation scams

Accounting Today

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SEC Slaps CohnReznick and Three Partners with Improper Professional Conduct

Going Concern

This press release from the SEC is wayyyy too boring to be rewritten in an interesting way on a sunny Friday afternoon so have some copy paste instead: The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. The two clients, Sequential Brands Group, Inc. and Longfin Corp., previously were charged by the SEC for filing fraudulent financial statements prior to their bankruptcies and Nasdaq delisting.

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IRS whistleblower awards plunge

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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Deloitte Sued by Former Manager After the Partner She Was Banging Turned Weird and Stalkery (Allegedly)

Going Concern

Guys (and gals) I don’t know how many times we have to say this but please, please don’t bang people you work with. There are like three billion men or women in the world for you to pick from (6 billion if you’re bisexual heck yeah *high five* ); more precisely there are 2.3 billion adults between the ages of 20 and 39 across the globe , add another 1.8 billion to that if you’re into cougars (in which case hey, call me) and that gives you 4.1 billion/2 people to potential

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Deloitte denies plan to split firm

Accounting Today

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More Trending

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Imitate before you innovate

Accounting Today

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Don't Be a Pricing Coward! Get This Under Control.

GrowthForceBlog

7 min read. Are you afraid your prices are losing your market share? Afraid your competitors are offering the same services at lower prices? Afraid you could be pricing yourself out of potential sales? Afraid your services aren't worth what you're asking?

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PwC finds risk management challenges rising

Accounting Today

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Advance Your Knowledge With a Fintech 201 Guide

Accounting Web

Growth Advance Your Knowledge With a Fintech 201 Guide.

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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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SOX compliance hours and costs increased

Accounting Today

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Proven Construction Business Processes When Creating Your To-Do List

Randal DeHart

When you're a construction business owner, your to-do list is often long and constantly growing longer. You need to do many things, and it can feel like they're all urgent. In such cases, it's easy to push essential tasks to the side and focus on less-vital activities, but that often means you miss deadlines, make mistakes or always feel as though you're trying to catch up.

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IFAC lends support for financial management in public health

Accounting Today

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Tax Strategies for Selling an S Corporation: Planning for an Asset Sale

CTP

Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. Many business owners may also be navigating a sale for the first time and likely have little insight into the tax implications and how to set themselves up for savings. By training as a Certified Tax Planner , you can benefit S corporation owners looking to sell by helping them understand the nature of an asset sale and helping them al

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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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Top Considerations for Delivering an Efficient Hybrid Workplace

Withum

Over the last two years, the importance of optimizing efficiency and productivity in the Hybrid Workplace has become an accelerated priority. Technical innovations in automation can help streamline our work, thus saving time, reducing costs and building business resiliency. In the following insight, we discuss how to make hybrid work between people, places and processes simpler and deep dive into some tools that have become integral to improving business efficiency.

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Seven Ways Engineering Leaders Can Avoid Team Burnout

Lockstep

According to the Anatomy of Work Index , 71% of knowledge workers experienced burnout at least once in 2020. Most of us have at some point in our lives experienced burnout and that definitely zaps the energy out of our career, friendships, and family interactions. Identifying burnout and avoiding it – though tough for engineering leaders – was easier to manage when teams met together daily.

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On the move: KPM names accounting outsourcing leader

Accounting Today

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Product-mindset in engineering

Lockstep

At Lockstep, we believe that engineers with a product-mindset are a key ingredient to building a successful product. As we embarked on our journey to create a new category of products on Lockstep’s connected accounting network , we learned that providing value to customers is more than a task to complete, but is a mindset that’s required across the organisation from the top-down.

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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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What Types of Advertising/Marketing Expenses Can Small Businesses Deduct?

Ronika Khanna CPA,CA

In the past advertising for small business owners mostly involved creating an ad for print, television or radio (a catchy jingle is always a good way to go), cold calling (rarely a pleasant experience), sending out flyers or being at a conference. The problem with these types of advertising is that it is difficult to gage the direct impact of their effectiveness.

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Common Payroll Mistakes Small Businesses Make

Basis 365

Hiring is a significant challenge for businesses that are just starting and looking to grow. In addition, it can be difficult to bring someone on board if you have been working as a small team. What are the best ways to pay them? How about taxes? Although adding another member to your team (or more) will increase the amount you have to do behind the scenes, there is no reason to feel intimidated.

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Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale

CTP

Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller. This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making.

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Know The Whole Story – Flashback

RitaKeller

“ It is literally true that you can succeed best and quickest by helping others to succeed.” – Napolean Hill. Friday again. Wow, this week has flown by! Mostly because I have been on vacation at Hilton Head Island. So, here’s a Friday Flashback post for you to ponder. Be sure you know the backstory!

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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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Friday Footnotes: EY Buffs PE Practice; A Thirst for Integrity; “Everyone Feels KPMG Is 4th” | 6.10.22

Going Concern

SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach to Auditor Independence [ JD Supra ] SEC Acting Chief Accountant Paul Munter re-emphasized the SEC’s focus on auditor independence in his June 8 statement on “The Critical Importance of the General Standard of Auditor Independence and an Ethical Culture for the Accounting Profession.

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Inflation and how to weather the storm

Menzies

Menzies LLP - A leading chartered accountancy firm. Last month, the Monetary Policy Committee voted to increase the Bank of England Base Rate (BBR) from 0.75% to 1%. This is the highest that the BBR has been in 13 years, but still at a record low level when looking at the BBR’s history. Inflation is now thought to be running at approximately 7%, predicted to increase to 10% by the end of the year (not seen since 1982).

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Trump CFO hires top lawyer as New York tax case gets closer to trial

Accounting Today