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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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.

Account 105
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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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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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25 stats show costs of inefficient AP processes.

Accountant Advocate Submitted Articles

It’s time to get serious about operational efficiency.

More Trending

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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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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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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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5 Key Terms Clients with Inventory Should Know

Intuitive Accountant

With accurate inventory accounting, your clients can better analyze their stock and identify areas to cut costs and maximize profits. DEAR Systems show you how.

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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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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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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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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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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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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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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.

Account 52
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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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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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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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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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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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Nonprofits facing financial stresses

Accounting Today

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Next July

RitaKeller

“It is really a cool perk.” – Alan Sobel. I recently read that Sobel , a 190-person CPA firm in New Jersey, closed their office and gave their entire staff the week of July 4th off. Here’s a quote from the article by Tom Bergeron : You might be surprised – what with him serving as the managing member of an accounting firm – but Alan Sobel said he didn’t break out any spreadsheets or enter any figures into a calculator to determine just how much giving his entire staff at

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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.

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

Accounting Today

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

Accounting Today

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Mastermind groups: Your key to professional growth

Accounting Today

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AICPA names global head of ESG

Accounting Today

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Tax legislation challenges abound, but time is short

Accounting Today

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Technology redefining how tax pros work

Accounting Today

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CFOs leaning hard into automation

Accounting Today

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

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.