Wed.Jul 13, 2022

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NYC sees sign of tax hit from bear market

Accounting Today

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Do You Have to Pay Tax on Social Security Benefits?

RogerRossmeisl

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security benefits, the answer is: It depends. The taxation of Social Security benefits depends on your other income. If your income is high enough, between 50% and 85% of your benefits could be taxed.

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CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data

Going Concern

On May 20 the Houston headquarters of R&D tax credit consulting firm Alliantgroup was raided by the IRS , in the weeks since we’ve had plenty of speculation about the whys and we’ve heard countless accounts from current and former Alliantgroup employees about the “evil, toxic, and emotionally damaging company” that employed them.

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Nonprofits facing financial stresses

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Clients Want Actionable Data, Not Impossible-to-Parse Spreadsheet Dumps

Going Concern

We all have that one friend whose door is always open to us. This person has been with you through all the ups and downs, and uneventful middle parts between. You trust this person because they’ve never let you down, their advice is always solid. What if clients thought of you as that friend? What if when something happens with your client’s business you are the first one they think of to call?

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IRS chief set to testify behind closed doors on Comey, McCabe audits

Accounting Today

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Client Accounting Services: What is CAS in Accounting?

Snyder

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. This turbulent time led to the rise in demand for client accounting services (CAS) – something that has been around for a couple of decades, but is coming into full swing only today.

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SEC’s Gensler casts doubt on U.S.-China audit deal

Accounting Today

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23 Accounting Security Tips to Keep Your Firm Secure

Ryan Lazanis

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Key Takeaways. Importance of why you must have accounting security for the safety of your business. Different cybersecurity threats you need to be aware of that your CPA firm may encounter.

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How to Pay Payroll Taxes: A Step-by-step Guide

Patriot Software

There are a lot of things to keep track of as a business owner, with payroll taxes being one of them. The IRS requires you to withhold payroll taxes on your employees’ earnings and also contribute payroll taxes. This process can be complicated if you aren’t prepared. Read on to learn the difference between income […] READ MORE.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Mastermind groups: Your key to professional growth

Accounting Today

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What Do Payments Managed by eBay Mean?

Snyder

Since eBay’s migration to their own card processing and consolidated payment service is continuing progressively, eBay Managed Payments has become a hot topic for discussion among the sellers community. What does this transfer to managed payments mean for their sales rates and business flow? Will it affect the payment operations or fees and, if so, how?

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AICPA names global head of ESG

Accounting Today

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How to Start a Business on Etsy || 20 Tips to Sell on Etsy Successfully

Snyder

Etsy is a creative selling platform for creative entrepreneurs. If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. Read our comprehensive list of steps on how to set up an Etsy business, , find out some useful tips and implement them in your own selling business on Etsy.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Congratulations Gita Faust, Insightful Accountant's 2022 Top Trainer/Writer ProAdvisor

Intuitive Accountant

Gita Faust was named Insightful Accountant's 2022 Top Trainer/Writer/Educator ProAdvisor during the 2022 Scaling New Heights conference.

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Tax legislation challenges abound, but time is short

Accounting Today

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We asked three accountants what they’re most looking forward to at Xerocon London 2022

Xero

Xerocon London is almost here. With a packed agenda boasting everything from top-notch keynotes to brilliant breakouts as well as a whole host of other activities to take part in, including on-the-ground haircuts and coffee and cream chillout zones, we can’t wait to welcome you back. . Most important, however, is the chance for us to gather together again without the need for screens, webcams and time spent figuring out your best Zoom angle.

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Technology redefining how tax pros work

Accounting Today

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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AvidXchange Unveils Purchase-to-Pay Integration for Sage 100

Intuitive Accountant

The new end-to-end solution will offer automated purchasing, invoice and payment capabilities.

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CFOs leaning hard into automation

Accounting Today

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Congratulations Deb Defer, Insightful Accountant's 2022 Top QBO "App-Ologist" ProAdvisor Award Winner

Intuitive Accountant

BDO USA LLP's Managing Director, Business Services and Outsourcing Deb Defer was named Insightful Accountant's 2022 Top QBO App-Ologist ProAdvisor during the 'Scaling New Heights.

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The return of Lotus, and other tech stories you may have missed

Accounting Today

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Jirav – A July 2022 Analytics/Reporting App

Intuitive Accountant

Murph wouldn't be sticking his neck out if he didn't include Jirav in his Analytics and Reporting Apps review this month. Here's a look at this forecasting, reporting and dashboarding app with the cute name and mascot.

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Lockstep Inbox Update: AR and AP Templates

Lockstep

Over 20 New Email Templates to Save You Time. Lockstep Inbox has seen some fantastic updates since launching in May. It’s been a great success so far, and we’ve received quite a lot of positive feedback from users. One of our most popular recent additions to the free shared inbox platform is our pre-populated templates. Since its launch, Lockstep Inbox has added 12 new accounts receivable (AR) templates and 12 new accounts payable (AP) templates, respectively.

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M&A roundup: Deals in accounting, financial planning and tech

Accounting Today

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25 stats show costs of inefficient AP processes.

Accountant Advocate Submitted Articles

It’s time to get serious about operational efficiency.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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KROST Can Assist with Reporting for The Restaurant Revitalization Fund

KROST

Recipients of the Restaurant Revitalization Fund(RRF) have until March 11, 2023 to use the funds appropriately, to ensure grant forgiveness. Entities that received RRF need to submit a Restaurant Revitalization Fund Program Post Award Report (SBA Form 3173) detailing how expenses were used. The SBA will require supplemental documentation to make sure the funds were Read the full article.

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Shopify Tax Reporting

Snyder

Sales tax calculations can be challenging, even for experienced e-commerce business owners. If you’re just starting out and don’t already have a Shopify bookkeeping app , dealing with sales tax might seem impossible. But don’t worry–we’re here to help. In this article, we’ll cover everything you need to know about Shopify tax reporting, and we’ll discuss what sales tax is and how to generate a sales tax report for your Shopify store.

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Summit CPA has Joined Anders!

Summit CPA

The Virtual CPA Success Show: Episode 58. Have you heard the news? Last April 1, 2022, Summit CPA has officially joined Anders CPA + Advisors (Anders) with a vision to achieve their highest potential together. Anders is a Top 100 St. Louis-based CPA and advisory firm that has delivered full-service accounting, tax, audit and advisory services to growth-oriented companies, organizations and individuals for more than 55 years.

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What Does a Corporate Fraud Suspect Look Like?

FraudFiles

Those aware of fraud risks might think they should be on the lookout for likely fraud suspects. That is not a bad idea, and there are many potential personal red flags of fraud, but it is difficult to put those who commit fraud into one little box. Many different types of people commit fraud; it is difficult to pinpoint a few types who are more likely to steal from their employers.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.