Fri.Jan 20, 2023

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January is the Cruelest Month for Retail Refund Fraud

RogerRossmeisl

For many retailers, January isn’t just the first month of the year: It’s “return season,” when customers bring back their unwanted holiday gifts for refunds or exchanges. Return season can be fraught for businesses if, for example, a higher percentage of gifts are returned than stores expect. According to the National Retail Association, consumers are expected to have returned more than $816 billion of merchandise (almost 17% of goods sold) in 2022.

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2023 Tax Pocket Guide

Withum

The goal of minimizing tax liability likely drives a desire to discover new advantages in the tax law. If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. We can help. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments.

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3 Tips to Avoid Tax Season Burnout

CPA Practice

Being an accountant means that work often comes in ebbs and flows. The tide moves in every quarter, and there is always tax season. It’s stressful; that’s just part of the business, right? Maybe. Yes, stress is expected, but burnout is entirely different. [From the Thomson Reuters blog. Republished with permission.] What is burnout? The fight against burnout starts with managing stress.

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2023 Business Tax Updates

Canopy Accounting

There are many interesting changes in business taxation for the 2023 season! Since tax planning for businesses is an important part of our practice, there are several things we need to be aware of.

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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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The Largest Accounting Firm in Kentucky Thinks a Tower Will Win the Talent War

Going Concern

You ever been in a position where you’re juggling a few different offers from roughly equivalent firms? Of course you have. What factors do you consider when making this important decision? Salary, obviously. Culture, perhaps. Was the guy who interviewed you a dick? That definitely rates. What about commercial real estate? Anyone? MCM CPAs & Advisors LLP has, to my knowledge, never been mentioned on this website in the 14 years we have existed.

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Starting And Operating A Small Construction Business On Limited Funds

Randal DeHart

So you have a great business idea and are convinced you can make it work, but you don't have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loan could put a squeeze on your business plans. Many entrepreneurs use creative thinking and shrewd planning to get businesses off the ground with the smallest budgets.

More Trending

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The Technology Lab Podcast – Review of BooXkeeping- Jan. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review BooXkeeping , a nationwide provider of affordable outsourced bookkeeping services to small and medium-sized businesses. Click here to visit the podcast page.

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The changing face of audit talent

ThomsonReuters

Firms are now turning to audit talent with new skillsets to help them navigate new challenges. From data analytics and management to cyber security and risk assessment, today’s auditors are expected to be well-versed in a variety of disciplines. As the demand continues to grow, let’s take a look at the changing face of talent within the profession and what it means for firms looking to stay ahead of the curve.

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Not Another How-to! Client Communication Tips You Haven’t Heard a Million Times 

Patriot Software

You want to build a relationship with each and every one of your accounting clients. To do that, you need strong client communication. But when you’re juggling dozens or even hundreds of clients, effective communication is easier said than done.

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Finance Directors’ Tax Toolkit

Menzies

Menzies LLP - A leading chartered accountancy firm. Menzies are often appointed by the Finance Directors of large companies and groups to work alongside their existing auditors. This may be for a variety of reasons such as: The auditors being ‘conflicted out’ of providing certain services; Delivering a more cost effective and responsive solution for the business; Relieving compliance pressures on the in-house team; or Removing the reliance on just one firm of advisers.

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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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Is Your Business Default Dead Or Default Alive?

Snyder

Default dead or default alive. The very title of the article might remind us of Schrödinger’s cat experiment and there’s a certain degree of similarity between a cat that might be either dead or alive in the box until we open it and a business that’s default dead or default alive until we know the numbers. “Is your business default dead or default alive?

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. They’re conducting “stay” or “retention” interviews with existing employees. The goal is to understand how they can be a more attractive workplace and reduce employee turnover — a top issue for many public accounting firms. ̶

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Walmart Launches Website for Business Shoppers

CPA Practice

By Brendan Case, Bloomberg News (via TNS). Walmart Inc., which became the world’s largest retailer by serving everyday shoppers, is now targeting a larger share of business customers with a website aimed at small and midsize companies. The initiative, called Walmart Business , is designed to offer a one-stop shop for office supplies, furniture, food and electronics, Ashley Hubka, the senior vice president managing the program, said in an interview.