Wed.May 18, 2022

article thumbnail

7 Reasons Why ‘Buy Now, Pay Later’ Should be a Staple in Your Ecommerce Strategy

Snyder

You may be familiar with Buy Now, Pay Later as a concept. Perhaps you saw it the last time you were in a mattress store, or when you were browsing your favorite online clothing store from where you and your colleagues were working in silos. What exactly is Buy Now Pay Later? Simply put, it’s an interest-free payment you can make over several installments. .

article thumbnail

Start 2022 Off Right: Clean Up QuickBooks

VetCPA

Is Your QuickBooks company file ready for 2022? Three things you can do to put things in order. Don’t forget about QuickBooks while you’re catching up on 2021 and looking ahead to 2022. You probably don’t want to put one more item on your to-do list, but any steps you take now to ready the software for the new year will pay off. Once you start entering transactions and placing orders and welcoming new customers, it will help tremendously to have a clean slate.

Start-ups 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tax season wasn’t as bad as some expected: Survey

Accounting Today

Tax 126
article thumbnail

Stock Market’s Vanishing Wealth  

Withum

I’ve spoken to quite a few people in the last month that told me they are getting “killed” in the stock market. I listen but do not offer much commiseration. The economy and stock market run in cycles. It is not static and has never been static. It is constantly in flux. Over the last ten years, even including the tanking in March 2020, we’ve had a huge run-up in the stock market.

Tax 105
article thumbnail

AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

article thumbnail

Tips to avoid an audit on a like-kind 1031 exchange

Accounting Today

audit 116
article thumbnail

What Is Compensation? | Employer Guide

Patriot Software

If you have employees, you need to compensate them. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation. Why? Knowing what is compensation is a key part of putting […] READ MORE.

payroll 98

More Trending

article thumbnail

Job Rotation Program: Pass or Play?

Patriot Software

Some employees can be hard to hold onto. Why? Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it. The good news is that your employees may be able to get the development they want without changing companies. Cue: […] READ MORE.

payroll 98
article thumbnail

ISSB aims for global baseline of sustainability disclosures

Accounting Today

Account 105
article thumbnail

5 Ways to Prioritize Your Mental Health | Canopy

Canopy Accounting

Mental health determines how we handle stress, make choices and relate to others. It also impacts how we act, feel and think. The Center for Disease Control shockingly states that 1 in 5 Americans will experience a mental illness in a given year. One of the leading causes of disabilities is depression according to the National Alliance of Mental Illness.

98
article thumbnail

Senators seek FTC probe of ID.me

Accounting Today

article thumbnail

Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

article thumbnail

Top 20 Common Advertising Expenses for Small Business Owners

MazumaBusinessAccounting

You’re probably spending a fair amount of money on advertising your small business to potential clients and customers. Did you know most of your marketing and advertising can be written off as a tax deduction to lower your tax bill? Whether you’ve got a whole marketing team running the show or you just purchased your first ad, most money spent on promoting your small business is tax deductible.

Sports 71
article thumbnail

COSO chair stepping down

Accounting Today

audit 97
article thumbnail

How to Avoid the Dreaded ‘Black Hole’

Intuitive Accountant

SkyStem founder and CEO Shagun Malhotra dishes on what every accounting professional needs to know about month-end close in 2022.

article thumbnail

Abbott faces Senate probe tying formula shortage to tax cut, buybacks

Accounting Today

Tax 97
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

Payroll Benefits Sponsors 401(k) at Scaling New Heights 2022 (Part 4)

Intuitive Accountant

Murph continues his look at some of the Payroll Benefits sponsors appearing at 'Scaling New Heights 2022.

payroll 59
article thumbnail

KPMG fined £14M over Carillion audit scandal

Accounting Today

audit 96
article thumbnail

Ask the Expert… Do I need to file or pay my taxes if my business was hit by disaster?

DMCL

In the event of a disaster, both natural or man-made, issues with your business’s taxes are likely the last thing on your mind; however, there will eventually come a time when you’ll need to figure out if an emergency impacts your ability to file and/or pay your taxes on time, and what happens if you cannot do either. The CRA offers relief from penalty or interest in several types of situations that prevent you from meeting tax obligations, which include extraordinary circumstances such as natur

Tax 52
article thumbnail

Understanding Stockholders’ Equity: Frequently Asked Questions

Withum

1. What is stockholders’ equity and what does it represent in financial statements? . Equity represents all historical investment capital. It’s reported net of related fees after accounting for any distributions and dividend payouts to shareholders. Equity is often associated with the company’s overall net worth and represents the net balance of assets less liabilities. .

article thumbnail

Live Demo - Supercharge your Month End Close

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

article thumbnail

It’s time to reconsider our attitudes toward non-doms

Menzies

Menzies LLP - A leading chartered accountancy firm. The media storm surrounding the news that Akshata Murthy is treated as non-domiciled for UK tax purposes highlights the need to challenge common misconceptions and increase awareness of the beneficial impact that individuals with this status have on the UK economy. What is a non-dom? A non-dom, short for non-domicile, is someone who lives in the UK but is not legally domiciled here.

article thumbnail

BDO USA Is Finally Trying to Do Something to Improve Its Horrible Audit Quality

Going Concern

While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. Consecutive years of horrible inspection reports ( 2013 and 2014 ) is what drove KPMG executives to hatch a scheme to steal confidential audit inspection information from PCAOB insiders in an effort to improve the firm’s results.

audit 52
article thumbnail

Lightyear Expands Product Suite With The Launch Of Limit Orders, Auto Conversions And Exportable Statements

Accounting Insight

Lightyear is a new European investment app backed by Mosaic Ventures, Taavet+Sten, Metaplanet & Eileen Burbidge. The company has now launched highly requested new product features: limit orders, exportable statements and auto conversations. In addition to widening its product offering, Lightyear has appointed the former President of Robinhood UK Wander Rutgers alongside ex-Wise CMO Joe Cross as business advisors.

article thumbnail

Be Creative – Do Things!

RitaKeller

“Creativity is seeing what others see and thinking what no one else ever thought.” – Albert Einstein. I have observed that many CPAs wait for other CPA firms to go first and then they will follow that new idea, software, process, or procedure. So many partners, over many years, have asked me, “What are other firms doing?” I urge you to enlist your entire team in being more creative.

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

Yellen’s grand global corporate tax plan risks Congress flop

Accounting Today

article thumbnail

Padgett & Padgett, PLLC CPA’s Guide to the Profit and Loss Statement

SkagitCountyTaxServices

As a small business owner, you’re often preoccupied with all the things that go into running your Skagit County business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last one, shall we? Good. Profits are the lifeblood. And the P&L is probably the most crucial financial statement in growing your Skagit County business.