Thu.Aug 31, 2023

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Do you need an outsourced bookkeeper?

Basis 365

Some business decisions are apparent. Others can seem like 50/50 propositions that make doing nothing an excellent third option. Fortunately, deciding what to do about your bookkeeping is not a dilemma when you know what to consider. How can you determine whether you would be better off outsourcing bookkeeping services or continuing onsite at this growth stage?

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Navigating the Complexities of Sales Tax in the Ever-Changing Landscape of Online Selling (part 2)

TaxConnex

Online selling of products and services triggers sales tax obligations today like never before – and has ever since the Supreme Court’s 2018 Wayfair decision unleashed economic nexus on e-commerce merchants nationwide. Since, every state with a statewide sales tax (and countless localities, especially in places like California and Alaska ) has enacted economic nexus laws, meaning e-commerce vendors of products and, increasingly, services must collect and remit sales tax and file sales tax return

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IRS offers info on tax-free programs to help with student loan repayments

Accounting Today

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

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In the News - September 1, 2023

Insightful Accountant

Murph wants to help you keep abreast of things happening around you—from news to vendor releases, conference tips and IRS updates. If he thinks you need to know, he's telling you.

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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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Forvis sees revenue grow 13% to $1.7B in first year

Accounting Today

Forvis reported annual revenue of $1,685,539,000 for the fiscal year ending May 31, 2023, a 13% increase a year after merging together two Top 20 Firms, BKD CPAs and Advisors and Dixon Hughes Goodman.

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Talent Retakes the Top Spot as the Biggest Concern for CPA Decision Makers in AICPA Survey

Going Concern

Journal of Accountancy has written about the results of the Business and Industry Economic Outlook Survey from AICPA & CIMA , a quarterly effort that takes the temperature of CPA decision-makers — mostly CFOs, CEOs, and controllers — to find out what they think about business and economic challenges inside and out of their organization. The headline: Inflation no longer the top challenge for CPA decision-makers, survey shows Whew, finally. 45 percent of respondents are optimistic about their

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Top Remote Accounting Candidates of the Week: August 31

Going Concern

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. We are sharing a sneak peek of a few top candidates available this week with Accountingfly.

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CPA business executives improve their outlook on economy

Accounting Today

CPAs who are also top executives at their companies are feeling a little more upbeat about the U.S. economy as recession fears fade, according to a new survey.

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Unlocking the Power of Automation in Spend Management

AccountingDepartment

In today's fast-paced business environment, optimizing spend management is essential for maintaining financial efficiency and driving profitability. Traditional manual processes can be time-consuming, error-prone, and resource-intensive. However, with the power of automation, businesses can streamline their spend management practices and unlock significant benefits.

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Idalia victims get federal tax relief

Accounting Today

The IRS is pushing back filing and payment deadlines for those affected by the storm.

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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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Anders Named One of the Healthiest Employers in St. Louis

Anders CPA

Anders is ranked first in the medium-sized employer category for the 2023 Healthiest Employers of St. Louis by Healthiest Employers in partnership with Springbuck. Healthiest Employers is a trusted awards program that recognizes people-first organizations taking a more proactive approach to employee health. This is the first year Anders has been included on the list.

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QuickBooks® Online vs Desktop: Which Is Best for My Architecture Firm?

GrowthForceBlog

8 min read When running a business today, it's nearly impossible - and definitely not recommended - to manage your back office with manual bookkeeping and accounting procedures. Not only are manual back-office processes tedious, slow, expensive, and time-consuming, but they also leave room for errors and inaccuracy.

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4 Reasons to Co-source Government Accounting Functions

Cherry Bekaert

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents. The solution for many entities has been co-sourcing accounting services to external companies or firms to handle complex record-keeping, reporting and analysis.

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Tax Fraud Blotter: The gang's all here

Accounting Today

Anti-social worker; loan sharks; just in time for Tax Day; and other highlights of recent tax cases.

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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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Facing the AI in Business Trend in Your Skagit County Business

SkagitCountyTaxServices

Since the release of ChatGPT in November of last year, headlines about AI in business have been incessant. One of the biggest controversies is whether or not AI is a threat to the job market. Lots of differing opinions on this one, and time will soon reveal its lasting effects. I’ve personally observed a whole gamut of responses from Skagit County business owners: mild interest, full adoption, growing irritation, all-out worry, and absolute avoidance.

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When to sweat the small stuff

Accounting Today

You don't have to make wholesale changes all at once. You just need to get 1% better at a time.

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5 Ways to Optimize Your Resume for AI Tools Recruiters Use

CPA Practice

By Jeremy Schiff. New to the job market? Looking for your next gig after years at your most recent role? Or maybe you’re happy in your current position, yet you’re still open to other interesting opportunities and wouldn’t mind if a recruiter got in touch. Here’s something you need to know: These days, there’s almost always a robotic gatekeeper standing between your resume and an actual human’s eyeballs.

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Accounting Tips for Start up Freelancers

Cheap Accounting

Entering the world of self employment and being your own boss is extremely exciting. The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. It can all seem daunting and overwhelming at first. Here’s a few tips to get you started.

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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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A Tale of Two Business Majors Speaking to Young People About Their Careers

Going Concern

Under the “Teen Talk Tuesdays” category in the Milwaukee Community Journal there is a charming story about exploring career pathways written from the perspective of a young man who had three guest speakers come to his school and talk about their career paths. He writes: Two of the visitors were teachers at a University. The first guest speaker was an accountant who told us what it was like being an accountant and told the class the requirements and qualifications to get there.

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Stop Underselling Your Worth: An Open Letter

Insightful Accountant

Ignition's Matt Kanas on why the #CallForChange movement can help accounting and tax professionals reclaim their profitability—and why it should matter to you.

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The Technology Lab Podcast – Review of Microsoft Copilot – Sept. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Microsoft Copilot , an AI-powered tool that combines the power of large language models (LLMs) with your data in the Microsoft Graph—your calendar, emails, chats, documents, meetings, and more. Use the podcast player below to listen.

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Save on Taxes with Federal Energy Saving Credits While You Save the Planet!

LSLCPAs

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. It’s a great way to incentivize us to reduce our carbon footprint at home and in our businesses by making these investments financially viable as we seek to save the planet. There are different tax credits available for these types of. The post Save on Taxes with Federal Energy Saving Credits While You Save the Planet!

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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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M&A Firms Predict Increase in Deal Volume

CPA Practice

A new Grant Thornton LLP survey of merger and acquisition (M&A) professionals shows that after a lengthy period of respite, M&A activity is expected to rebound in the second half of this year. The survey, which polled 150 U.S.-based M&A professionals including investment bankers, M&A attorneys, private equity (PE) investors and chief financial officers (CFOs), found that respondents predict an uptick in deals.

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Quadient Integrates Cloud Platform with Microsoft Azure AI to Transform Customer Communications

Accounting Insight

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announces the integration of its Intelligent Communication Automation (ICA) platform with Microsoft Azure AI a portfolio of artificial intelligence (AI) services designed for developers and data scientists backed by a secure environment and responsible AI principles.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

By Al-Nesha Jones, CPA, MBA Generation X—aka the Sandwich Generation, Latchkey Kids, Baby Busters, and even the Forgotten Generation—will soon be approaching retirement age. They’re about 42 to 58 years old, and likely caring for their adult children and aging parents. They’ve lived through the early 1980s recession, Black Monday (1987), the Savings and Loan Crisis (1980s–1990s), the Dot-Com Bubble (late 1990s–early 2000s), the 2008 Great Recession, and most recently the global pandemic.

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Save on Taxes with Federal Energy Saving Credits

LSLCPAs

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. There are different tax credits available for these types of purchases made for your primary residential home, and also for businesses. For Your Home Energy Efficient Home Improvement Credit The Energy Efficient Home Improvement Credit provides federal tax credits to help.

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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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Business Leaders Have Brighter Outlook on U.S. Economy

CPA Practice

With concerns about inflation and a potential recession ticking down, business executives have grown guardedly less pessimistic about the U.S. economy’s prospects, according to the third-quarter AICPA & CIMA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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Your 6-step Plan to Better Worker Performance

Insightful Accountant

Experienced managers understand that it is vital to assess worker performance on a regular basis. So here's how you can develop a performance management plan that works for your firm.

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August ERC Update: New IRS Guidance

Cherry Bekaert

The IRS has regularly released guidance and frequently asked questions (FAQs) around issues they have seen surrounding ERC. Our ERC team shares the latest updates on IRS guidance and what you should be aware of. Learning Objectives: Discuss the latest IRS guidance on ERC Learn how to best work with the IRS during the application process Examine recent court case with the IRS on what to avoid during the ERC application process Learn more about our Employee Retention Credit Services.

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MSO-PC Model – Traps for the Unwary

Withum

The MSO-PC model, also known as the “Friendly PC model,” has been gaining popularity in recent years as the digital health, telehealth, and healthtech industries have exploded in the post-COVID era. This model has been essential in facilitating the scaling of many virtual health businesses while remaining in compliance with the Corporate Practice of Medicine Laws (CPOM).

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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.