Tue.Apr 12, 2022

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Why Do You Stay?

RitaKeller

“People won’t have time for you if you are always angry or complaining.” – Stephen Hawking. I have heard a similar story many times during my years of talking with CPA firm team members. I am often asked to counsel an employee working in a CPA firm. They tell me things. Sometimes I hear things via an upward feedback survey interview or at a conference.

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What’s new for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Give us a break. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

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Obtaining an Extension to File Your Tax Return

Withum

The tax due date for most individual tax returns this year is April 18. If you are unable to complete your return to file by April 18, you can file for an extension to submit your return by October 17. However, the extension does not cover the payment of the tax due. The taxes need to be paid by April 18, or you will be assessed interest and penalties, and if the correct payments are not made, it is possible that the extension will not be accepted, and late filing penalties will also be due.

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Advising clients to file Form 941-X for missed COVID-19 relief credits.

ThomsonReuters

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! While the rules were often complex and the substantiation requirements thorough, COVID-19 credits were well worth claiming and significantly helped companies stay financially afloat.

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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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ROI-NJ Names Zsia Rosmarin a Top Women in Business Influencer

Withum

Withum is proud to share that ROI-NJ has named Zsia Rosmarin as a Top Influencer in their Women in Business List for 2022. Zsia is a partner at Withum with over 20 years of experience in accounting and business and strategic tax. She leads the Tax Tech and Emerging Growth Industry Group, where she consults on various related tax issues, and she serves as the Women in Tech Team Leader for the Technology and Emerging Growth Industry Group.

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Know What The Future Holds with Cash Flow Forecasting

AccountingDepartment

Cash flow forecasting is an important process. It's used to estimate the flow of cash that comes in and goes out of a business over a set time period. When it's accurate, it makes it easier for a business owner to predict future financial positions. By making those kinds of predictions, the owner of a business is better able to avoid cash shortages, and invest surplus cash effectively.

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SEC Alert: ESG Examination Priorities

Withum

On March 30, 2022, the U.S. Securities and Exchange Commission (SEC) Division of Examinations announced its 2022 examination priorities. The SEC will continue to focus on environmental, social and governance (ESG) investing and whether Registered Investment Advisors (RIAs) and registered funds accurately disclose their ESG investment approaches. .

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Accounting 101: Deferred Revenue and Expenses

Anders CPA

Understanding the basics of accounting is vital to any business’s success. Under the accrual basis of accounting, recording deferred revenues and expenses can help match income and expenses to when they are earned or incurred. This helps business owners more accurately evaluate the income statement and understand the profitability of an accounting period.

Account 59
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Simu Liu Thanks Deloitte Canada For Canning Him 10 Years Ago Today

Going Concern

Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the real superhero here? Related articles: Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be.

Account 56
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What are the benefits of outsourcing Your Bookkeeping?

Basis 365

Bookkeeping is essential for any business to survive. Bookkeeping is the process of collecting money from customers, paying bills, and getting new inventory. Bookkeeping is not something you can do at the end of each year, like taxes. Outsourced bookkeeping services are the best choice for small business owners who lack the time and knowledge to manage it.

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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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The Fortune 100 Best Companies to Work For: Plante Moran #30 (2022)

Going Concern

Here’s one takeaway from covering the Fortune 100 Best Companies to Work For rankings the last 12 years: A BCTWF list without Plante Moran on it just doesn’t feel right. But that has been a rare occurrence since the magazine started the ranking. In fact, Plante Moran is one of four companies (EY too) that have made the BCTWF 24 out of the 25 years of the ranking’s existence.

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Small Business Relief Grant From Restaurants Care

KROST

Restaurants Care is once again partnering up with SoCalGas , PG&E , SDG&E , and Wells Fargo to offer relief grants and services to restaurants in our local communities. These generous funders have made it possible to assist small businesses with their financial situation. The Resilience Fund provides cash grants of $3,000 and one year of small business support services to independent restaurants.

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Real Work vs. Busy Work

RitaKeller

“The No. 1 cause of burnout is doing the same thing over and over again and not seeing results.” — Steve Kaczmarski. I am convinced that if CPA firm workers were able to do more REAL work, they could easily get it done working four days per week. Of course, I mean more chargeable/billable work. This applies whether you still bill by the hour or by the project.

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What is FRF for SME?

KROST

Running a small to medium-sized business has always come with a unique set of challenges. Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles.

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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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How does Nordstrom’s dividend announcement impact its balance sheet?

Wendy Tietz

Nordstrom, Inc., is a luxury department store chain headquartered in Seattle, Washington. It was founded in 1901 as a shoe store. It would begin selling clothes more than sixty years later in 1967. Its stock ticker symbol, JWN, represents the initials of Nordstrom’s founder, John W. Nordstrom. Nordstrom had a history of declaring dividends regularly […].

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Seven ways for general practice accountants to improve their marketing efforts

Mark Lee

Not everyone wants to follow the widely promoted advice that you will benefit more from advertising, marketing, networking and referrals if you focus your attention on trying to reach a specific group of people. The idea being that we can then let everyone else continue trying to be all things to all people. It will take them longer, they will be less successful and probably invest more time and money than if they were to focus their efforts.

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How to calculate profit margin for your SME business

Wellers Accounting

Beth Whitmore FCCA , explains the basics and importance of profit margin to your SME business.

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Accounting Bottoms Out the List of Master’s Degrees That Offer the Best Salary Boost (Read: It Doesn’t)

Going Concern

The AICPA finally got around to releasing its Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (hereby referred to as the Trends report), which we’ve been waiting to see since last August, but hey, I get it, people are busy. As we work on crunching the data and plucking out any relevant bits, we know without even glancing at it that CPA candidate numbers are down, and we know this because leaders from around the profession have been pulling

Account 57
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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.