Accounting Insight
MARCH 6, 2023
Introducing Claire Bartlett, the founder and director of Arden Bookkeeping. A multi-award winner in her industry, her specialty is helping business owners create stable foundations for a triumphant future. Claire is passionate in her support for the bookkeeping industry, working tirelessly to highlight the vital part it plays in supporting the UK economy.
Going Concern
MARCH 6, 2023
Just the other day we were talking about initiatives around the profession to ease the burden of the 150 hour requirement for CPA licensure that tie together education and work experience , like work-for-credit programs or 5th year education partnerships between firms and universities. Today, we’ve learned of another education-experience partnership: a high school in North Carolina that is sending kids to work at accounting firms, among other local employers.
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Basis 365
MARCH 6, 2023
Are you tired of spending countless hours on bookkeeping, payroll, and tax preparation? Do you want to focus more on growing your business and achieving your goals? If so, consider outsourcing your accounting tasks. In this article, we'll explore the benefits of outsourcing accounting, including outsourced bookkeeping and outsourcing to an accountant.
CPA Practice
MARCH 6, 2023
Nearly one-half of nonprofits saw a decrease in net income in 2022 due to increases in personal compensation and operational costs, decreases in state appropriations and an end to the American Rescue Plan funding. These, and other findings, were found in the latest national nonprofit study by national accounting and advisory firm FORVIS. Coupled with a 68% surge in demand for programs and services, many nonprofits are feeling outweighed by their financial demands.
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.
Canopy Accounting
MARCH 6, 2023
Every tax professional knows that they need special permission to access private information on behalf of their client. Many tax professionals use IRS Form 2848, which is a power of attorney, a legal document that grants them the ability to represent the taxpayer to the IRS. While you’ll eventually need to file a power of attorney for clients you’re representing to the IRS, there’s a case to be made for proactively filing IRS Form 8821 with them first.
CPA Practice
MARCH 6, 2023
By Bill Murphy Jr., Inc. (TNS) If you’re running a business, sometimes it’s a helpful exercise to think back to what things were like before you were the boss. Maybe you were fortune and had jobs you liked and leaders you respected. But if not —or maybe even if so—you might have had days when you just didn’t want to go in, and even weekends when you dreaded what Monday morning would bring.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 6, 2023
By Carrie McKeegan, Inc. (TNS) As a U.S. entrepreneur, expanding your business overseas can be an exciting and lucrative venture. However, when it comes to repatriating foreign earnings, navigating the tax implications can be a daunting task. In recent years, the tax rules regarding repatriation have changed, making it even more challenging for business leaders to keep up.
Insightful Accountant
MARCH 6, 2023
Reach Reporting’s Justin Hatch dishes on some trends today's accounting professionals should be on the lookout for.
Xero
MARCH 6, 2023
Amidst an industry-wide skills shortage, Xero’s State of the industry report shows that over a third (38 percent) of practices today are struggling to hire experienced team members. Despite this, Dinesh Aggarwal – founder and Managing Director of Fortuna Advisory Group – has his sights set on growth. In fact, he’s determined to win the war on talent, all while creating an engaged and connected global team.
Insightful Accountant
MARCH 6, 2023
Eyeing the start of the formal applications for 2023, Murph offers tips to our International participants regarding the Ecosystem (apps & software) section of the new form specific to them.
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
CPA Practice
MARCH 6, 2023
By Alexandra Harris, Caleb Mutua, and Paige Smith. Bloomberg News (TNS) U.S. banks are being forced to do something they haven’t done for 15 years: fight for deposits. After years of earning next to nothing, depositors are discovering a trove of higher-yielding options like Treasury bills and money market funds as the Federal Reserve ratchets up benchmark interest rates.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Stephen Hemmings – Business Tax Partner The Apprenticeship Levy has been with us for over five years but there remain employers unaware of what this is all about, whether it is payable, what action is available to mitigate the cost and what benefits are available to the business? Read our introduction to the apprenticeship levy News Apprenticeship Levy Update read more What is the Apprenticeship Levy?
CPA Practice
MARCH 6, 2023
The partners and employees of Daszkal Bolton have joined the advisory, assurance and tax firm CohnReznick , a leading advisory, assurance, and tax firm, effective March 1, 2023. Daszkal Bolton is a regional South Florida accounting, tax, and advisory firm. This is the latest strategic expansion for CohnReznick to support geographic and client growth.
Withum
MARCH 6, 2023
Before discussing some potential areas of disagreement, we need to address several foundational issues that permeate the basis for disputes. By recognizing these issues during the diligence and document review, the more likely a dispute can be averted or minimized. On the top of the list is measurement. Understanding, and by understanding, I mean documenting, the agreements with guidance on how an item or items will be valued is critical.
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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.
CPA Practice
MARCH 6, 2023
The Bonadio Group, a nationally ranked Top 50 CPA firm and the largest independent provider of professional services in Upstate New York, has announced the acquisition of Rochester-based accounting firm, Webber CPA, which will now operate under The Bonadio Group name. The acquisition aligns with The Bonadio Group’s strategic goals to continuously enhance service offerings and capabilities and seek opportunities for growth.
Withum
MARCH 6, 2023
Once upon a time in a land far, far away a buyer and seller came together, and quickly came to terms that everyone was happy with. Post-closing the business thrived, and the seller went on to an extraordinary retirement. They all lived happily ever after. Did I mention that what was sold was a certain bridge in Manhattan? Deals are consummated for all kinds of reasons.
CPA Practice
MARCH 6, 2023
The American Institute of CPAs (AICPA) has submitted comments to the Department of the Treasury and Internal Revenue Service (IRS) related to changes made to section 162(m) by the American Rescue Plan Act of 2021 (ARPA). Section 162(m) of the Internal Revenue Code places a $1 million limitation on the amount of remuneration with respect to a covered employee that a publicly held corporation may deduct in a taxable year.
Insightful Accountant
MARCH 6, 2023
The acquisition marks an expansion of Bonadio’s forensic accounting and consulting capabilities.
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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.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation. Despite the challenges posed by Brexit and the COVID-19 pandemic, the country remains an attractive destination for manufacturers looking to set up business. In this article, we will examine the factors that make the UK an attractive location for manufacturing and consider whether now is a good time for manufacturers to set up business in t
Going Concern
MARCH 6, 2023
Good morning and happy Monday! Things were a bit quiet last week as much of the profession currently has their heads down grinding through the best time of the year, this week will likely be much of the same. BDO layoffs were the significant story from last week and may signal the start of a culling of the advisory herd system-wide. Let’s not worry about that for now.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Article curated by Assistant Manager Conor McManus The next budget will be Spring and we expect the Chancellor to; raise Corporation Tax rates to a headline rate of 25%, reduce the Capital Gains Tax annual exemption amount from £12,300 to £6,000 , and reduce the dividend allowance from £2,000 to £1,000.
Snyder
MARCH 6, 2023
Learn how Synder eases the import of Stripe transactions to QuickBooks and helps accountants separate Stripe loan repayments in the books. Growing a business sometimes means having to find funding quickly and without unnecessary fuss of a lengthy application process. If a business has been using Stripe for more than 6 months and their annual volume exceeds $5,000, they can apply for a loan with Stripe.
Advertiser: Paycor
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.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Article curated by Assistant Manager Conor McManus Given the current global economic climate, paired with the current UK political uncertainty, the UK economy is expected to enter a period of recession with an associated depreciation in asset values; as we have already seen for most stocks and shares.
Accounting Insight
MARCH 6, 2023
Chaser, the global accounts receivables platform and credit control service provider launched payer ratings. This new feature uses sophisticated machine learning to provide businesses with instant insights into their customers’ payment behaviour, helping them to optimise their collections process, reduce non-payment risks, and improve their overall financial management.
CPA Practice
MARCH 6, 2023
From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging. While it may be impossible to eliminate stress, there are strategies you can use to help reduce the negative impact of stress and increase productivity. Stress is the body’s natural reaction to challenging or demanding situations. It just so happens that a lot of the time, we can call our stress work.
Snyder
MARCH 6, 2023
Our fast-paced world has transformed many jobs, but few seem to have changed as much as what accountants typically did even 20 years ago compared to today, next year, or the next decade. The accountant’s role has long transformed from mere bookkeeping to encompassing more duties and responsibilities: from financial reporting and analyzing business performance to helping with taxation (and many more).
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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.
Reckon
MARCH 6, 2023
eCommerce continues to dominate the vast global retail landscape – and it’s a monster for good reasons. With an online store, you can: reach a global audience capture the appeal and freedom of delivery services take a variety of payment types work from almost any location It’s not only attractive to business owners, but dually the customer base, especially post pandemic when people have become much more comfortable with online shopping.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Despite the potentially turbulent times lying ahead if we enter a recession, the corporate investment market has high liquidity and is still moving. The essential rules regarding business takeovers remain relevant, not least Buyers should invest in businesses they understand, acknowledge the risks associated with the process or sector and take the necessary steps to mitigate against them.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Richard Turner – Senior Manager As the rules were initially drawn, someone buying a property which counts as two dwellings would be liable to an extra 3% SDLT on the whole price above the ‘normal’ SDLT that would be due. This was the case even if it was going to be the buyer’s only property or if it was replacing the buyer’s only or main residence.
Menzies
MARCH 6, 2023
Menzies LLP - A leading chartered accountancy firm. Richard Turner – Senior Manager In July 2011 the government introduced a relief designed to encourage private investors into the residential property market. The relief operated by reducing the amount of Stamp Duty Land Tax (SDLT) payable on the acquisition of two or more dwellings, by reference to the “average” price per property rather than on the combined price.
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"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.
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