Fri.Dec 16, 2022

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The Ultimate Guide to Writing an Investor Update: Templates for E-Commerce and SaaS Businesses

Snyder

As your business grows, so do the challenges that add up faster than you expect – it becomes harder to manage communications and maintain transparency across all stakeholders. Things change rather quickly and both you and your investors need regular updates on recent highlights and lowlights in order to keep up with the developments and tailor strategies to fit the needs and goals.

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Mazars and Armanino Just Abruptly Stopped Working For Crypto Clients

Going Concern

Two things to share today. First, Mazars has “paused” crypto work effective immediately. Reports WSJ : Cryptocurrency-trading giant Binance said the accounting firm it uses to reassure customers that their money is safe has paused all of its work for crypto clients, and said the outflows from its platform had swelled to $6 billion. Mazars, a midsize accounting firm that worked for former President Donald Trump’s company, published a “proof-of-reserves” report for Binance last week.

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It’s Time for Tax Law Updates – Individual | Canopy

Canopy Accounting

There’s an old saying that goes: “You can never step in the same river twice.” This is certainly true for tax seasons. Every tax season is a brand-new experience, simply because tax law is constantly, endlessly, ceaselessly changing.

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Martinez & Associates Joins Its Practice With Withum

Withum

On December 12, 2022, Martinez & Associates, a public accounting firm headquartered in Winter Springs, FL, announced it will join its practice with WithumSmith+Brown, PC (Withum), a nationally recognized CPA and advisory firm with 20 offices and annual revenue of $450M, ranking in the top 25 firms in the country. Martinez & Associates’ team members will join the Withum roster in the Orlando office on January 1, 2023.

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Friday Footnotes: EY Money Troubles; Fast Food > Public Accounting; From Athlete to Associate; | 12.16.22

Going Concern

Big 4. EY Looks at Backup Plans on Split Amid Higher Costs, Slower Growth [ Wall Street Journal ]. Ernst & Young’s leaders are looking at backup plans for the firm’s split to address rising funding costs and a potential slowdown in growth that could imperil the rich payouts promised to partners, according to people familiar with the matter. Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar w

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How To Prevent Your Construction Company's Yearly Cycle Of Chaos

Randal DeHart

The year is almost over. Fourth-quarter and year-end deadlines are approaching. Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. The end of the year tends to be chaotic for construction company owners, but it's an excellent time to get some extra housekeeping done for your business.

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RBI Guidelines on Merchant Trade Transaction

VJM Global

For the prosperous economy of a country, all types of transactions play a vital role. These days high seas sales and Merchant Trading Transactions have become quite common wherein goods move neither out of India nor it enters into India. Rather, shipment moves from one country outside India to another country outside India and any person from India acts as an intermediary in such a transaction.

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Multi-State Tax Issues — What You Don’t Know Can Hurt You!

LSLCPAs

Misconceptions, Facts, Definitions, and TIPS We’re learning that some companies’ owners and managers are unaware of their tax liabilities in states other than where they’re physically located. Plus, a fair number of organizations think only about federal and state income tax for their satellite offices, which is incorrect and short-sighted. Misconceptions One of the misconceptions.

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Synder Achieves SOC 2 Type 2 Compliance

Snyder

At Synder, we’ve always considered customers’ data one of our most valuable assets. Since the company’s beginning, we’ve been focusing on implementing the best data security practices to ensure that your data is safe with us. That’s why we’re thrilled to announce that Synder is now SOC 2 Type 2 compliant. The journey to obtain SOC 2 Type 2 compliance has been long but gratifying, and today we’d like to take some time to explain what it is and what it means to Synder and our customers.

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401(k) Audit CPA Success Show Podcast: Key Tips to Keep Your First 401(k) Plan Audit on Track

Anders CPA

Reaching your first 401(k) audit as an organization is a milestone for any business, but one not everyone is fully prepared for. Director + 401(k) Audit Kim Moore and Manager + 401(k) Audit Karen Hill discussed a variety of strategies for 401(k) plan sponsors or administrators to avoid delays, create a more efficient process and set the path for future success down the road.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Small Business Accountants: Should You Talk to Clients About a Retirement Savings Plan?

Patriot Software

According to a May 2022 report from the Center for Retirement Research at Boston College, only 48% of small businesses with fewer than 50 employees offer a retirement plan. Not only does this disparity contribute to the retirement savings gap, but retirement benefits are increasingly seen as desirable by employees, meaning small businesses are missing […] READ MORE.

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IRS distributed over $642B in 2022, despite backlogs and refund delays

Accounting Today

Tax 101
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ESG legislation heats up: What it means for tax professionals

ThomsonReuters

As businesses navigate the relatively new landscape of environmental, social, and governance (ESG) issues, the focus on ESG legislation in the United States continues to intensify. To date, the ESG-related strategies among companies have primarily been a voluntary effort fueled by increased pressure from investors and other stakeholders. That, however, is poised for change.

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Accounting firm that vetted Binance's reserves halts all crypto work

Accounting Today

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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What can the ballet teach you about the client experience?

Accounting Today

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Chances for year-end tax package in Congress are slipping away

Accounting Today

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Tech News: FinancialForce rolls out latest release

Accounting Today

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COSO names Unisys VP as new chair

Accounting Today

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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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On the move: EisnerAmper volunteers for Rise Against Hunger

Accounting Today

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