Thu.Feb 09, 2023

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How to survive tax season

ThomsonReuters

As accountants, there’s no way to avoid the hectic nature of tax season. Amidst such a busy time, how do you ensure you aren’t overwhelming yourself or your staff? The answer lies in planning ahead, maximizing the tools available to you, and understanding your purpose. How can I make my tax season easier? From carving out dedicated personal time to implementing time-saving tools and technology, let’s take a look at three ways you can shift out of survival mode and thrive not only during tax seas

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Sage Intacct Construction for General Contractors and Developers 

Withum

Sage Intacct Construction is one of the top construction finance management software providers and is the first and only AICPA-preferred accounting solution for general contractors and developers. Sage Intacct Construction enables proactive management of valuable financial metrics and improves cash flow. It’s built specifically for the construction industry , providing real-time visibility and insights through role-based dashboards.

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Accountants Are Among the Most Sought After Workers in 2023

CPA Practice

Accounting and finance, human resources, legal, and technology professionals are the most in-demand by companies looking to hire in the first half of this year, according to the State of U.S. Hiring Survey from staffing firm Robert Half. Among managers at companies planning to hire for permanent roles in the first six months of 2023, 64% are looking to fill technology roles, 62% need accountants and finance professionals, and 59% are desperate for new employees in both HR and marketing.

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Innovative Problem Solving With Mission:Cure

Withum

Explore Other Episodes #CivicWarriors #WithumImpact The post Innovative Problem Solving With Mission:Cure appeared first on Withum.

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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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AuditFile Partners with AuditClub for Audit Efficiency and Quality

CPA Practice

AuditClub, the Audit Service Center, and AuditFile, developer of the award-winning cloud-based audit automation platform, will collaborate to combine audit technology with fractional auditors to ease the challenges faced by CPA firms and internal audit teams in performing audits and reviews. AuditFile is a secure cloud-based solution that helps CPA firms and internal audit teams perform efficient audits, reviews and compilations.

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Former KPMG Employee’s Parents Awarded $6.5 Million In Wrongful Death Lawsuit

Going Concern

The family of 25-year-old Peter Smith, an audit associate at KPMG who died of Lyme carditis —which occurs when Lyme disease bacteria enter the tissue of the heart—on July 2, 2017, was awarded $6.5 million by a jury in Cumberland County, ME, last week after deciding that a Mercy Hospital doctor had failed to accurately diagnose Smith after repeated visits.

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Half of Americans Are Worse Off Now Than 12 Months Ago, Survey Finds

CPA Practice

By Reade Pickert, Bloomberg News (TNS) Half of Americans say they are financially worse off now than they were a year ago, the highest share since 2009, according to a Gallup poll released Wednesday. An even greater portion of lower-income Americans said they were losing ground, according to the Jan. 2-22 survey. About 61% of those with a household income of less than $40,000 reported they were worse off, compared to 49% and 43% for middle- and high-income households respectively.

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Reasons Why 2023 is the Year for Client Accounting Services

AccountingDepartment

It’s common for business owners to feel stretched to the limit with the services they have. A common misconception is that implementing anything else will drain resources and strain current practices. Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). But why are these services so important? And why is 2023 the year businesses should consider implementing CAS into their strategy?

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Receipts for Taxes and Your Business: What Do You Need to Hang Onto?

Patriot Software

Tax season might be once a year, but preparing for tax season is a year-round process. To back up your tax deduction claims, you need to keep business receipts. But, what kind of receipts for taxes do you need? And which small business receipts can you pitch?

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4 Trends in Healthcare Payments for 2023

MineralTree

State of Healthcare AP The last few years have presented a perfect storm of challenges for finance teams working in healthcare. Those in the industry have been forced to deal with the combined business effects of economic uncertainty, the COVID-19 pandemic, hiring challenges , and supply chain disruptions. These circumstances have left the majority of healthcare organizations facing the same AP challenges.

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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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FASB Votes to Draft New Standard to Measure Crypto Assets

Insightful Accountant

According to the vote, companies measuring the assets such as Bitcoin and Ethereum would be required to use fair value accounting.

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Robert Half Reports Finance and Accounting Talent is in High Demand (Duh)

Going Concern

According to the results of a recent Robert Half survey, companies across the U.S. are hungry for talent and of all professional roles, finance and accounting are nearly the most in-demand, second only to technology. The survey also shows that few respondents expect to freeze hiring or eliminate positions in the first half of this year, and that contract work is on the rise for these hard to place roles.

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QuickBooks Desktop 2020 to Sunset May 31, 2023

Insightful Accountant

Intuit will discontinue support, including add-on services for QuickBooks Desktop 2020, as of May 31, 2023.

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OCR Bulletin Addresses HIPAA’s Application to Online Tracking Technologies

ThomsonReuters

OCR Bulletin: Use of Online Tracking Technologies by HIPAA Covered Entities and Business Associates (Dec. 1, 2022); HHS Office for Civil Rights Issues Bulletin on Requirements under HIPAA for Online Tracking Technologies to Protect the Privacy and Security of Health Information (Dec. 1, 2022) Bulletin News Release HHS’s Office for Civil Rights (OCR) has issued a bulletin to highlight the HIPAA privacy, security, and breach notification obligations imposed on covered entities (including health pl

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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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Tips to Prepare Your Engineering Firm for the 2023 Tax Season

GrowthForceBlog

6 min read We start businesses in order to make money and provide a needed service to people while doing something we love.

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On-Demand Webinar: International Tax and Transfer Pricing In The Metaverse

Withum

Join a panel of international tax and transfer pricing professionals with expertise in taxation of digital assets, blockchain technology, and the metaverse. Learn about new business models and their unique challenges. Panelists will also offer some solutions for advising clients and corporations operating in this space. View Slide Deck View More On-Demand Webinars Viewers Will Learn About List some of the new business models operating in the metaverse that involve digital currencies and blockcha

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The Technology Lab Podcast – LEO Satellites – Feb. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA discuss how “low Earth orbit satellites” can provide greater internet connectivity for accountants, firms, remote staff, and others who frequently travel. Use the player below to listen to the podcast.

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On-Demand Webinar: Top Reasons to Fall in Love with Microsoft 365 

Withum

There are a million reasons to fall in love with Microsoft 365 View On-Demand Webinar In this on-demand webinar, we look back at the best of Microsoft from 2022 and take a glimpse into the future, as we dive into two of the hottest Microsoft creations that enable you to build an irresistible employee experience – Microsoft Viva and Power Platform. Withum’s Jeff Willinger , Digital Experience Director, and Microsoft MVP, and Joel Oleson , Senior Product Manager and Microsoft 365 Architect at Sony

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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.

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Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. This year’s case challenged teams to rank investors best suited for a business venture as well as consider tax or non-tax scenarios the investor should consider.

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When the going gets tough, businesses can’t afford to stand by – so they must act

Menzies

Menzies LLP - A leading chartered accountancy firm. Businesses know that trading conditions for 2023 are going to be challenging due to high interest rates and high inflation, but are they doing what is needed to protect the bottom line and prepare for growth? Despite the significant unpredictability of the market, economic and geopolitical landscapes currently ongoing, the release of some positive UK economic data has resulted in some optimism from the equity markets as 2023 begins, but this ma

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ACCA’s New Annual Global Talent Trends Survey Explores Future of Accountancy Profession

CPA Practice

In one of the largest ever studies across the accountancy profession—with more than 8,400 respondents across 148 countries— the Association of Chartered Certified Accountants (ACCA) new annual Global Talent Trends Survey 2023 provides a unique and vital view of how people feel about their life at work. The resulting report found that the biggest transformation for over a generation ushers in a new era in the world of work: 44% expect to move roles in the next 12 months, inflation is fueling wage

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Best eBay Sales Analytics Tools For 2023

Snyder

Launching an eBay store might be easy at first, but making it profitable by choosing the top selling products and setting attractive prices is a bit trickier than it seems. A possible solution here is to study various top selling items lists and use them to fill your store with the items in demand. But the inevitable shortcoming of such lists is that they might only provide a temporary fix: the item that is in demand today may well become obsolete tomorrow.

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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.

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Programmable Money: How Virtual Cards Are Improving T&E Management

CPA Practice

By Keith Axelsen. It’s hard to imagine companies funding employee travel and expenses (T&E) without plastic credit cards. They offer the ultimate flexibility for employees to get whatever they need when they’re away on company business. However, these cards are not always the best – or most lucrative – option. The biggest challenge with physical cards is that companies don’t want every employee to have a corporate credit card.

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When Do You Stop Investigating?

FraudFiles

How does a fraud investigator know when enough investigation has been done on a case? If a scope of work was agreed upon with the client, the investigator should finish that work in order to meet her or his obligations.

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Can Our Company Condition a Job Offer on the Applicant’s Agreement Not to Enroll a Child With a Known Disability in Our Health Plan?

ThomsonReuters

QUESTION: We learned in the interview process that a top job candidate’s child has a serious disability. Our major medical plan covers employees and their dependents, and we are concerned that the child’s condition will substantially increase costs under the plan. Is it permissible under the Americans with Disabilities Act (ADA) and other laws to condition a job offer on not enrolling the child in the plan?

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5 Benefits of Hiring a Virtual CFO vs. an In-House CFO

IgniteSpot

Selecting the right chief financial officer (CFO) for your business can be vital to successfully scaling your organization and increasing your ROI.

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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.

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Court Vacates Portions of Surprise Billing IDR Regulations—Again

ThomsonReuters

Texas Med. Ass’n. v. HHS, 2023 WL 1781801 (E.D. Tex. 2023) In an ongoing dispute between an association of health care providers and HHS, a federal trial court has vacated key portions of the final regulations implementing the surprise billing independent dispute resolution (IDR) provisions of the Consolidated Appropriations Act, 2021 (CAA, 2021). As background, the CAA, 2021 expanded patient protections to shield individuals from surprise medical bills for certain out-of-network emergency and n

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Keeper @ QuickBooks Connect 2022

Insightful Accountant

See why Keeper enables you to have all in one task management, client communications, file reviews and management reporting all in one place.

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Private Equity Industry Report: 2022 Trends and 2023 Outlook

Cherry Bekaert

Introduction What a difference a year makes. Just twelve months go, M&A activity had set all-time records, valuation multiples faced seemingly unlimited expansion and deal makers had access to almost endless levels of inexpensive credit. Since that time, the S&P 500 has declined by more than 19% (the worst decline since 2008), inflation has surged to its highest point in over 40 years, and the Federal Reserve has instituted a series of aggressive and unprecedented rate hikes (which may n

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AuditClub, AuditFile Partner to Advance Audit Efficiency and Quality

Insightful Accountant

New AuditFile software feature helps firms connect with AuditClub fractional auditors to complete audits and reviews under tight deadlines.

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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.