Mon.Nov 07, 2022

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Artificial intelligence needs more intelligence

Accounting Today

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Startup Downturn Playbook: Finance Best Practices in Uncertain Times

BurklandAssociates

Why Do You Need a Downturn Playbook Now? Recent commentary from the venture ecosystem: “No one can predict how bad the economy will get, but things don’t look good,” Y Read More. The post Startup Downturn Playbook: Finance Best Practices in Uncertain Times appeared first on Burkland.

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Art of Accounting: Solution to oppressive tax season hours

Accounting Today

Tax 105
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What Is a Vendor? Overview for Small Business Owners

Patriot Software

As a small business owner, you need goods to operate. Your inventory is an essential organ in the anatomy of your business. The tools you use and the merchandise you sell help you accomplish daily goals, and ultimately grow your company. Think about all the “stuff” you use to run your business. You might buy raw […] READ MORE.

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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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SEC working on international sustainability efforts

Accounting Today

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If You Get Audited by the IRS, What Happens?

Patriot Software

If the phrase “audited by the IRS” fills you with dread, you are not alone. Getting audited is something no business owner wants to go through. But, sometimes audits take place. If you get audited by the IRS, what happens? What happens when you get audited Most business owners don’t want to think about what […] READ MORE.

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Business Entity Tax Basics: How Business Structure Affects Taxes

Patriot Software

Business structure affects many aspects of your company, including your tax obligations. Choosing the right structure for your business could mean the difference between expensive, time-consuming taxes or affordable, simplified tax liabilities. As a small business owner, you must know how business structure affects taxes. How business structure affects taxes A business structure is the […] READ MORE.

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IRS, Treasury expand approval program to 403(b) plans

Accounting Today

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Completing IRS Form W-9

Dent Moses

You may receive requests for a completed signed IRS Form W-9. The information requested on form W-9 can be used to generate a 1099. Completing the W-9 does not imply you will receive a 1099. Form W-9 is a formal written request for information only to confirm a person’s (or entity’s) name, address and taxpayer identification number. The form itself appears very simple, but it’s very easy to provide incorrect information.

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Heskiel: Outcome-based pricing is coming

Accounting Today

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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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How to Find Private Investors for Small Business

Patriot Software

As your business grows, you need more capital. But, it can be a hassle for small business owners to get funding from large financial institutions. For some small business owners, working with private investors might be a smart move. You need to know how to find private investors for your small business. Why small businesses […] READ MORE.

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Ex-investment bank boss jailed in German Cum-Ex tax scandal

Accounting Today

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How to Conduct a Risk Analysis for Your Small Business

Patriot Software

Small business owners take risks every day. But if you put too much at stake, your business bottom line could suffer. To make sure your decisions are sound, conduct a risk analysis for your small business. What is a risk analysis in business? A risk is a situation that can either have huge benefits or […] READ MORE.

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Audit fees edged up from 2020 to 2021

Accounting Today

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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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Revisiting Great Concepts: QuickBooks Doesn't Open

Intuitive Accountant

Murph recently helped someone with issues that boiled down to the fundamentals outlined in some age-old concepts. In the eight years or so since he addressed them, they haven't changed. Here's why.

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Supreme Court aims anti-regulatory campaign at SEC and FTC

Accounting Today

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What Is Nonemployee Compensation?

Patriot Software

As a small business owner, you might hire independent contractors to address business-related needs. When you pay an independent contractor, they receive nonemployee compensation. What is nonemployee compensation? What is nonemployee compensation? Nonemployee compensation is the money you pay to an independent contractor who performs work for you. Nonemployee compensation includes fees, commissions, prizes, and […] READ MORE.

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20 Days to a Better Firm: Give them personal guidance

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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Future Forward: What's New for QB 2023

Intuitive Accountant

Get the latest and greatest updates on QuickBooks 2023 with our very own Murph and Liz Scott. Sign up for the Nov. 30 Future Forward webinar now.

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How Your Business Can Get Involved in the Giving Season

GrowthForceBlog

8 min read. You've probably heard about the season of giving or giving season. You also likely know that it's associated with the holiday season, but do you really know what it is or how your business can get involved and benefit from the season of giving, too?

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Canopy Taking Deep Dive into 2023

Intuitive Accountant

The annual free, virtual event for accounting professionals features the latest CPA technology with an engaging panel and product preview roadmap. See how to sign up for the Nov. 10 function.

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KROST is Attending the Restaurant Finance & Development Conference

KROST

Our Chairperson, Gregory Kniss, CPA, Restaurant Practice Principal, Jean Hagan, and M&A and Capital Markets Principal, Paren Knadjian are attending the Restaurant Finance & Development Conference. The conference takes place from November 14th-16th and will be held at the Wynn Hotel in Las Vegas. Our team will be networking and attending sessions on topics such Read the full article.

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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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Dynamics 365 Business Central vs. GP – Should You Migrate?

Withum

Thinking about Microsoft Dynamics 365 Business Central vs. GP and whether it’s time for an upgrade? In this post, we’ll cover some of the things you need to know about migrating from Microsoft Dynamics Great Plains to Dynamics 365 Business Central (BC). From time immemorial, running a business can be likened to the challenging and strategic game of chess.

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KPMG Australia Recruits From High Schools to Meet Demand For Talent

Going Concern

KPMG Australia was in the news the other day for a new recruiting program involving high school grads (who were clearly rounded up from the burnout section behind the building joke ) and it’s an interesting idea: on-the-job training in lieu of university. You’ll note these are technology recruits, we’re not desperate enough for accountants yet to let teenagers perform audit procedures.

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7 Inventory Management Software Solutions for Small Businesses: Automate Small Businesses Inventory

Snyder

Today, small business inventory software is available as never before. While store owners can do this all by themselves, there’s a lot of inventory management software solutions for small businesses that can automate this process and help with creating new strategies. However, finding the one to pick may become an unnecessary challenge for constantly busy business people.

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Monday Morning Accounting News Brief: Audit Fees Are Up; Salary Expectations Are Too High; Sus SEC Shizz | 11.7.22

Going Concern

Several of America’s largest accounting firms have explored the possibility of taking private equity cash in recent months , as money from buyout funds adds fuel to a mergers and acquisitions boom across the industry, reports FT. CFO.com wrote about the accountant shortage and suggested four ways to address it, not one of them was “pay people more” but it did say that expectations must be tempered: “Twenty-two percent of candidates in our survey have too high a salary expectati

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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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What Is Business Collateral?

Patriot Software

If you’re a small business owner, you might want a loan to help finance your company. Securing a business loan is not easy. You might need to offer collateral to get the loan application approved. What is collateral? What is collateral? Collateral is an asset or piece of property that a borrower offers to a […] READ MORE.

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Benefits of Clearing 401(k) Forfeiture and Holding Accounts

Anders CPA

As we near the end of a Plan year for those who oversee their company’s 401(k) Plan administration, we wanted to focus this month’s blog post on an area that is often neglected. Most Plans have something called a Forfeiture Account. If your 401(k) Plan has made employer contributions to your company’s 401(k) account , you may have built up amounts in an account called “Forfeitures.

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What Is Errors and Omissions Insurance?

Patriot Software

Everyone makes mistakes. But, an error made at your business could be costly or even cause you to go under. You can protect your business with an errors and omissions insurance policy. Errors and omissions, or E&O, can save your company from certain customer lawsuits. What is E&O insurance? E&O insurance protects professionals who provide […] READ MORE.

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Top Ten Money Questions to Ask Your Attorney During Your Divorce

FraudFiles

You’re getting divorced and the process is overwhelming. You have an attorney (or maybe you’re interviewing lawyers and getting ready to choose one), but you don’t know the right money questions to ask.

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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.