Mon.Nov 07, 2022

article thumbnail

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.

Finance 130
article thumbnail

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.

audit 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

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.

tax 96
article thumbnail

Planning Your Restaurants 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.

article thumbnail

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.

cpa 93
article thumbnail

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.

account 92

More Trending

article thumbnail

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.

account 84
article thumbnail

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.

Finance 83
article thumbnail

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.

account 79
article thumbnail

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.

article thumbnail

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

article thumbnail

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.

account 76
article thumbnail

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?

63
article thumbnail

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.

audit 56
article thumbnail

Artificial intelligence needs more intelligence

Accounting Today

article thumbnail

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.

article thumbnail

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.

article thumbnail

ISAs & Pensions Compared

Menzies

Menzies LLP - A leading chartered accountancy firm. Pensions and ISAs both offer tax advantages and form the foundation of any investment planning. The benefits of both types of investment increase as an individual’s marginal rates of tax rise. Owing to the tax advantages offered, both have restrictions on how much can be invested. Other eligibility and access restrictions also apply.

article thumbnail

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

audit 52
article thumbnail

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.

Finance 52
article thumbnail

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.

article thumbnail

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.

account 52
article thumbnail

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.

account 52
article thumbnail

Art of Accounting: Solution to oppressive tax season hours

Accounting Today

tax 101
article thumbnail

What to Do If You Can’t Pay Your Taxes in Business

Patriot Software

Paying taxes is an important part of being a business owner. But, when you own a business, your cash flow goes through ups and downs. What if you can’t pay your taxes? You’re probably here because you’re unsure of what to do if you can’t pay your taxes. Luckily, the IRS offers tax payment options […] READ MORE.

tax 52
article thumbnail

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.

article thumbnail

SEC working on international sustainability efforts

Accounting Today

account 101
article thumbnail

How to Pay Business Taxes to the IRS

Patriot Software

Owning a business comes with many responsibilities. One of your duties is to withhold, file, and deposit taxes. You must know how to pay small business taxes in order to correctly submit payments to the IRS. There are a few different ways to make small business tax payments. To avoid late fees and penalties, learn […] READ MORE.

article thumbnail

Koltin: Accountants are 'too busy being busy'

Accounting Today

account 98
article thumbnail

Is Credit Card Interest Tax Deductible for a Business?

Patriot Software

Tax time is always an adventure, particularly for entrepreneurs and small business owners. Navigating the complex maze of expenses and small business tax deductions can be a challenge, and no one wants to leave a valid deduction on the table. After all, every $100 in deductions results in an average tax savings of approximately $30. […] READ MORE.

tax 52
article thumbnail

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.

article thumbnail

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

Accounting Today

tax 98
article thumbnail

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.

10
article thumbnail

Heskiel: Outcome-based pricing is coming

Accounting Today

article thumbnail

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.

article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.