Fri.Oct 21, 2022

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How Familiar Are You With the Different Types of Liabilities in Accounting?

Patriot Software

As a business owner, incurring debts is inevitable. In fact, the average small business owner has $195,000 of debt. Chances are, you have some kind of debt at your business. And if you have debt, you have liabilities. Read on to learn all about the different types of liabilities in accounting. What are liabilities? Liabilities […] READ MORE.

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The Canadian PCAOB Says One Big 4 Firm Keeps Screwing Up Audits But Won’t Say Which One It Is

Going Concern

Shall we speculate wildly which Big 4 firm is not meeting the Canadian Public Accountability Board’s generous standards? The Globe and Mail reports : One of Canada’s Big Four auditing firms continues to have a significant number of problems in its work, the national industry regulator has found. For now, the Canadian Public Accountability Board, which oversees the firms that audit publicly traded companies, is not revealing the name of the firm, citing the confidentiality provisions of the

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Are You Interested in Accepting Mobile Payments from Customers?

Patriot Software

Have you ever been in a store and noticed a lack of cash registers or point-of-sale (POS) terminals? Yet customers are making purchases. How do they do it? Two words: mobile payments. Accepting mobile credit card payments is actually a growing trend in business. So step aside, traditional payment methods—there’s a new contender in town. […] READ MORE.

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Five Signs You Need To Start Outsourcing Your Administrative Tasks

Randal DeHart

When you start a small business, it's usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows. Because a small business focuses on survival, you pay much attention to the bottom line. This makes much sense, but it also leads to being seriously overworked.

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How to Build the Ideal HR Team

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.

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What Is a Not-for-profit Organization?

Patriot Software

There are countless organizations and charities that work to help individuals or communities in need. These types of organizations are typically considered not-for-profits. Read on to find out what is a not-for-profit organization and how not-for-profits differ from nonprofit organizations. What is a not-for-profit organization? A not-for-profit organization does not earn any profits for its […] READ MORE.

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12 Tips For Executive Directors To Increase Online Donations

GrowthForceBlog

7 min read. For many nonprofits, the pandemic lockdowns forced the majority of their events, communication, and fundraising efforts online. Key Takeaways. Make Sure You're Mobile: 60.66% of website traffic occurs on mobile phones, and the remaining 30.34% comes from desktop computers, laptops, and tablets…. Increase Transparency With an Infographic of Your Annual Report: You can increase trust in your organization and the likelihood that a person will feel comfortable donating online by publishi

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

Big 4. KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. The findings raise further questions over KPMG’s ability to enforce common standards across its global network after a string of run-ins with regulators and internal controversies.

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What Is Double Taxation, and How Does it Impact Your Small Business?

Patriot Software

Corporations have different rules and responsibilities than other business structures. And if you own a corporation or are a shareholder of one, you should know what double taxation is. Unlike other types of business structures, corporations are subject to double taxes. Read on to get the answer to what is double taxation and quiz yourself […] READ MORE.

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Report: 2022 Law Firm Leadership Survey

Withum

What can law firm leaders do to ensure their firms thrive? Download Guide. In response to our flash survey, we received feedback from Managing Partners, Firm Chairs and C-suite executives from law firms around the country regarding their most pressing issues. Download our 2022 Survey Report for insights on: The war for talent Financial performance and profitability Changes in strategic growth strategies and inhibitors to change The evolving workspace Firm culture and DEI initiatives Department a

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Managing and Recording Cash Receipts in Your Small Business

Patriot Software

If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments, you need to know about recording cash receipts in your books. So, how do you do that? To ensure your books are accurate, you need to understand cash receipts accounting. Read on to get the […] READ MORE.

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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.

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“Future of Payroll Survey” Says No Time Like the Present to Look Ahead for Keeping Up With Industry Trend

ThomsonReuters

Thomson Reuters Checkpoint ?talked with?Lisa Weckman, Sr. Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . According to a recent global payroll survey, the “future of payroll starts today” for understanding the industry’s major challenges, which include global workforces, hybrid work, increased compliance concerns, and othe

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Clearing up the Confusion of Purchase Order vs. Invoice

Patriot Software

As a business owner, you are responsible for handling many documents to keep your business’s finances on track. And if your company deals with business inventory, you’ll probably find yourself juggling both invoices and purchase orders. Some business owners might think purchase orders and invoices are one and the same. Heads up: purchase orders and […] READ MORE.

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How No Code Can Help You And Your Team Streamline Processes in Your Business

Snyder

Introduction. No code, especially for automating business processes and tasks, can improve efficiency for your entire team. But what is no code? How does it work? And how can your business benefit from this technology? What is no code? No Code is a software development methodology that uses visual tools to build applications. It’s not a new technology, but it has become more popular in recent years because of its ability to speed up the development process and reduce the risk of errors.

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Resale Certificate, the Get Out of Tax Free Card

Patriot Software

Almost everybody in the majority of states pays sales taxes at the time of purchase. And yes, this includes business owners shopping for their ventures. But if you purchase and resell goods to your customers, you may consider applying for a resale certificate. Eligible businesses use resale certificates to get out of paying sales tax […] READ MORE.

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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

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Strengthening Your Clients' Boundaries

Intuitive Accountant

As you move into year-end and tax season prep, now is a great time to set or reinforce boundaries with your clients. If you're seeking guidance, check out this white paper from Rewind.

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Starting up a Business? Here’s the Best State to Start an LLC

Patriot Software

When you start a business, you are responsible for choosing a business structure. One structure you can select is a limited liability company, or LLC. Unlike some other business structures, you can form an LLC in any state, regardless of your physical business presence. With so many states to choose from, it can be difficult […] READ MORE.

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Tax Considerations For Office Refurbishments

Menzies

Menzies LLP - A leading chartered accountancy firm. With various companies practising hybrid working, many are using the opportunity to refurbish or modernise their office spaces and make them fit for purpose and attractive to staff. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime.

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7 Tips for Working With Independent Contractors

Patriot Software

According to a recent study, one out of every 10 workers is an independent contractor. With so many contractors making up the workforce, you’re bound to work with or hire one at some point. Hiring contractors can be beneficial to your business. But if you’re going to be working with independent contractors, you need to […] READ MORE.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Layoff Watch ’22: Stanley Black & Decker is Giving Out Pink Slips to Finance Pros, But How Many?

Going Concern

A week after news broke about Boeing eliminating 150 accounting and finance positions , the Wall Street Journal published an exclusive on Sept. 30 about another Fortune 500 company cutting even more jobs in its finance department: Stanley Black & Decker Inc. has eliminated a large portion of finance jobs as part of an effort to cut up to $200 million in costs by year’s end amid high inflation and slowing demand.

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Dr. Sean Stein Smith, Professor at Lehman College & Digital Currency Advisor

Withum

Explore Other Episodes. The post Dr. Sean Stein Smith, Professor at Lehman College & Digital Currency Advisor appeared first on Withum.

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Constantly Adding Knowledge: How to Improve Accounting Skills

Patriot Software

A great accountant is always learning and improving their accounting skills. Having a growth mindset about your accounting knowledge and skill sets can help you keep up with client demands and attract new business. And if you want to keep up with the changing landscape of business and accounting, you have to enhance your skills […] READ MORE.

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IRS increases 401(k) limit by record amount as inflation surges

Accounting Today

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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“Future of Payroll Survey” Says No Time Like the Present to Look Ahead for Keeping Up With Industry Trends

ThomsonReuters

Thomson Reuters Checkpoint ?talked with?Lisa Weckman, Sr. Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . According to a recent global payroll survey, the “future of payroll starts today” for understanding the industry’s major challenges, which include global workforces, hybrid work, increased compliance concerns, and othe

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Tax changes mean you might take home more of your paycheck

Accounting Today

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5 Must Haves to Scale your SaaS

Lockstep

Scalability, Scalability, Scalability !! . When we talk about Scalability, the first things that come to our mind are a large userbase, few million requests per second, huge volumes of data , and so on. When we talk about scalability, the first things that come to our mind are a large userbase, few million requests per second, huge volumes of data, and so on.

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20 Days to a Better Firm: Support your local CPA

Accounting Today

CPA 101
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Recruit and Retain New Blue-Collar Talent

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.

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IRS provides relief for Ian and Fiona victims

Accounting Today

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CLA merges in Concannon Miller

Accounting Today

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Credit Suisse set to settle criminal tax case in France

Accounting Today

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PCAOB makes it official for chief auditor

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.