Mon.Mar 28, 2022

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Making the business case for your firm’s investment in new tax research tools

ThomsonReuters

You ’ ve found the ideal tax and accounting research solution for your firm. With features like interactive workflow tools, relevant analysis, and up-to-date guidance, you ’ re certain that this software will save you time while getting to trusted answers — and have a positive impact on you, your team and your clients. . 4 tips to help prepare your business case .

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Recent California Bills Up for Vote are Beyond Belief

RogerRossmeisl

As posted to the Peak Prosperity YouTube Channel on 3/23/2022 (Run Time: 52 min, 22 sec) Paraphrased from Creator-Provided Description California is facing a rash of exceptionally dangerous and poor legislation that is truly beyond belief. The only possible way to understand it compassionately is to see those elected officials proposing it as being swept up in Mass Psychosis.

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Withum Welcomes New Partner Caroline Banzali

Withum

Withum is excited to announce that Caroline Banzali has joined the Firm’s Transaction Advisory practice as a partner specializing in tax due diligence, structuring and post-transaction integration and tax optimization planning. With over 20 years of experience in strategic planning, mergers and acquisitions, buy- and sell-side transactions, Caroline’s experience and background as both a service provider and corporate executive has culminated in Caroline’s unique arsenal of commercial business co

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Don’t Lose Your Business’s IT Assets

RogerRossmeisl

Keeping track of every IT asset — particularly as remote work has become common — is essential if your company wants to limit financial losses and fraud risk. According to some estimates, most remote employees use at least two employer-assigned devices, and a smaller percentage use three or more. In general, the more devices in use, the greater the potential for loss or theft.

CPA 235
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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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Case Study: Real Estate Company Enhances Back Office With Outsourced Accounting

Withum

Residential and commercial real estate management company engages outsourced accounting services to fill needs after the retirement of a former outsourced accounting firm. Download a PDF of this case study. Executive Summary. A NYC-based residential and commercial real estate management company transformed its back-office through outsourced accounting services.

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The Election to Apply the Research Tax Credit Against Payroll Taxes

RogerRossmeisl

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features that are especially favorable to small businesses: Eligible small businesses ($50 million or less in gross receipts) may claim the credit against alternativ

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Why What an S Corp Shareholder Receives and Reports is Different

RogerRossmeisl

You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. But before explaining those rules, be assured you that when you are taxed on undistributed income, you won’t be taxed again if and when the income ultimately is paid to you.

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Small Business Tax Rates in New Hampshire

Steve Feinberg

Parsing any state’s tax code can be a multifaceted and complicated affair, but small business owners especially should understand what types of taxes they are required to pay if they live and operate their company in New Hampshire. New Hampshire is generally considered to be a business-friendly state when it comes to taxes—the state was ranked 6th in terms of state business tax climate—but there are a few things to know about what to expect when taxes are due.

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SEC and PCAOB Enforcers Took An Extended Smoke Break In 2021

Going Concern

People who work in the enforcement divisions at the SEC and the PCAOB must have been busy doing other things than monitoring the gatekeepers of the capital markets last year, as accounting and auditing enforcement activity decreased and monetary settlements fell sharply, according to a recently released report from Cornerstone Research. The two regulators made public a combined total of 52 (34 from the SEC and 18 from the PCAOB) accounting and auditing enforcement actions in 2021, down from 63 i

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Agility Series: Agile Metrics

Withum

In the Previous Chapter. In the previous chapter , the focus was on choosing between Agile and Waterfall project management models and their applicability to different projects. . In This Chapter. It is said that “what gets measured, gets easily managed, improved and gets done too.” Any project is a series of activities and interim outputs. These interim results help gauge the project’s health and indicate a team’s performance against quality and milestones.

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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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Tweet of the Day: Raises, Inflation, and Will Smith

Going Concern

Having gotten only a 3% raise this year, my wife (and many of you in public and industry accounting) can relate to this tweet: When you get a 5% raise but remember inflation is 7.9% pic.twitter.com/lgGtd96xvq. — Not Jerome Powell (@alifarhat79) March 28, 2022. Related articles: PwC Briefcases Look Absolutely Stunning On the Oscars Red Carpet. Happy Fifth Anniversary of PwC F*cking Up the Oscars.

Account 52
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Qualities of an Entrepreneur

Withum

Entrepreneurs are the smartest people I know. I’ve been involved with them my entire career and have been the confidant and trusted advisor to many of them. My clients came in all types and sizes and levels of background, education, family upbringing, location and opportunity. I am frequently asked what qualities make a successful entrepreneur, and I’ve assembled a list of 68 items.

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I Like Living.

RitaKeller

“We’ve greatly exaggerated the risk of sinking, without celebrating the value of swimming.” – Seth Godin. For many CPA teams this time of year, every day is another workday. The hours, days, weeks seem to be getting longer and longer. However, in recent years, firms have taken great strides to alleviate the dark cloud of tax season that hangs over their employees’ heads.

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Salary and Dividends for 2022 / 2023

Cheap Accounting

Your profit extraction Strategy from April 202 2. It’s that time of the year when I update our annual blog advising those operating via a Limited Company on how to extract money from their business to pay themselves. This year the blog is different. I am not going to be setting out what you should pay yourself in a salary and how much tax you’ll pay on this and your dividends.

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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 Amazon’s 20-for-1 stock split impact its stockholders’ equity?

Wendy Tietz

Amazon announced a 20-for-1 stock split in March 2022. This stock split was its first stock split in over twenty years. On the day that Amazon announced its stock split, one share of its stock was selling for $2,785.58. The stock split will occur at the close of business on June 3, 2022. The stock […].

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Why Your Company Needs an Expense Reimbursement Policy

RogerRossmeisl

(This is Blog #1180). The post Why Your Company Needs an Expense Reimbursement Policy appeared first on Roger Rossmeisl, CPA.

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What do you think of the new blog post format that includes a tutorial video?

Wendy Tietz

Earlier today, I shared a new blog post (How does Amazon’s stock split impact its stockholders’ equity? link.) In this blog post, I experimented with a new blog post format. I started with the story about Amazon’s stock split as I have done in the past. Next, however, I included a short explanatory video about […].

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A Definitive Guide to Rolling Forecasting for Modern FP&A Teams

Acterys

The purpose of any forecast is to provide the closest possible snapshot of the future for business teams to plan and budget their activities. In essence, a good forecast is determined by its flexibility to evolve as per the changing conditions instead of sticking to the same initial projections across the financial period. As such, rolling forecasts are a solid first step towards agile planning and budgeting for organizations looking to become more reactive and adaptive to change.

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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.