Do we need accounting firms?
Accounting Today
AUGUST 26, 2022
Fri.Aug 26, 2022
102 
Avoiding Stock Market Ups and Downs
Withum
AUGUST 26, 2022
You cannot avoid stock market ups and downs. There will always be volatility and changes. Actually, the stock market is a vast auction, and for every seller, there is a buyer. When more people are selling, prices drift downward. When more want to buy, prices increase. Buyers see opportunities where sellers see threats. There are many situations reported in the financial news of some hotshot investors selling stocks that then increase greatly soon afterward.
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For Payroll Adjustments, There’s Retro Pay
Patriot Software
AUGUST 26, 2022
Sometimes, payroll mistakes happen. If you pay an employee less money than you should have during a pay period, you owe them retro pay. What is retro pay? What is retro pay? Retro pay, or retroactive pay, is the compensation you owe an employee for work performed during a previous pay period. The difference between […] READ MORE.
Two data-driven strategies to mitigate geopolitical risk
ThomsonReuters
AUGUST 26, 2022
Using a risk-based approach grounded in comprehensive data, companies can better manage supply chains in an unpredictable world. Businesses involved in importing and exporting have been subject to changing global regulations, geopolitical upheaval, and logistical disruptions, are now looking for ways to build resilience in their supply chains and even gain a competitive advantage in the face of such rapid change.
How to Build the Ideal HR Team
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.
Anyone Looking Forward to a Highly Militarized IRS SWAT Team is Going to Be Sorely Disappointed
Going Concern
AUGUST 26, 2022
Because the IRS SWAT team memes your crazy aunt Kathy is spreading on Facebook are getting out of control, the AICPA has stepped forward to clarify: no, there will not be 87,000 armed IRS agents deployed to bang down the doors of American taxpayers. From the Journal of Accountancy : Reaction to increased funding for IRS operations in the Inflation Reduction Act, P.L. 117-169, enacted Aug. 16, has featured “heated rhetoric,” but the act has also prompted real concerns regarding how th
The Dangers of Doing Payroll by Hand and How to Avoid Them
Patriot Software
AUGUST 26, 2022
Doing payroll by hand can save your business money—if you do it correctly. There are all sorts of laws, calculations, and taxes that you have to implement with precision. But, small business owners are busy, and many who do payroll by hand often make costly mistakes. If you make a mistake, you may owe back […] READ MORE.
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The Million Dollar Question: What Are Payroll Taxes Used For?
Patriot Software
AUGUST 26, 2022
With each payroll, you and your employees have to pay taxes. You collect and remit the money, but what are payroll taxes used for? What does the government do with that money? If you’re curious, read on. We’ve got a list of each employment tax you withhold and/or contribute and where the money goes. Psst […] READ MORE.
Are You Charging Enough? Why You Should Raise Your Prices
Randal DeHart
AUGUST 26, 2022
There comes a time for every small business to raise its prices. While it may seem scary, remember that it's your job to keep costs fair for you and your customers. That means you have to charge prices that work for you and allow you to remain in business. Am I Not Charging Enough? Knowledge leads to profits and cash flow. What makes knowledge powerful?
Xero Sponsors 3 Diversity Scholarships
Intuitive Accountant
AUGUST 26, 2022
Inaugural NABA Inc. 'Mary T. Washington Award' and ALPFA scholarships presented at Xerocon New Orleans.
The PCAOB Has a New Five-Year Plan For You Guys to Critique
Going Concern
AUGUST 26, 2022
Nearly three weeks after getting reamed out publicly by SEC Chair Gary Gensler for being way too slow to update auditing standards that had been in effect BEFORE the PCAOB was created by the Sarbanes-Oxley Act, everyone ’s favorite audit regulator released a draft of its five-year strategic plan , which includes four goals they hope to accomplish from 2022 to 2026.
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.
Xero, Pinion IO win 'AgTech Finance Solution of the Year'
Intuitive Accountant
AUGUST 26, 2022
The partnership helps farmers and agribusiness owners make more profitable choices.
How to Improve Your Cash Flow During Inflationary Times
GrowthForceBlog
AUGUST 26, 2022
7 min read. In inflationary times, cash is king.
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
Could IRS Funding from the Inflation Reduction Act Be The Help Needed to Reduce the Increasing Form 941 Processing Backlog?
ThomsonReuters
AUGUST 26, 2022
The IRS backlog for processing Forms 941 (Employer’s Quarterly Federal Tax Return) is increasing, according to the Service’s webpage on mission-critical functions. Mission-critical. The IRS’s webpage on mission critical functions notes that while the Service is open and processing mail, tax returns, payments, refunds and correspondence, the effects of the coronavirus (COVID-19) health emergency continue to cause delays in some of its services.
What the student debt forgiveness plan would mean for taxpayers and the U.S. economy
Accounting Today
AUGUST 26, 2022
The Unit Economics of a T-Shirt
Snyder
AUGUST 26, 2022
How do you measure the wellbeing of your business? I bet that in most cases you’re looking at and analyzing your company’s financial statements – P&L , cash flow statement and balance sheet. And you’re right to do so, as P&L shows your company’s growth and profitability over time, the cash flow statement demonstrates liquidity, and the balance sheet gives you a snapshot of assets.
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22
Going Concern
AUGUST 26, 2022
Ed. note: apologies to the individual who criticized last week’s Footnotes headline for being too clickbaity and scary, our bad. This week’s consciously informative headline is just for you, buddy. While you’re here, allow us to pester you to sign up for our newsletter to get accounting headlines twice a week. Happy weekend! Big 4.
Recruit and Retain New Blue-Collar Talent
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.
U.S., China reach preliminary audit inspection deal in push to avoid delistings
Accounting Today
AUGUST 26, 2022
Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses
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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.
Student debt forgiveness may be taxable in more than a dozen states
Accounting Today
AUGUST 26, 2022
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