Accounting Insight
FEBRUARY 16, 2023
If your business is scaling, it’s likely that so is your finance team. But no matter the size, with tracking and paying expenses, making payroll, setting budgets, preparing for the tax season, and more all falling under one department, you’re likely looking for ways to make managing financial processes easier and more transparent. Take expenses, for example.
TaxConnex
FEBRUARY 16, 2023
Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. “Our company is highly acquisitive and this results in lack of consistency when it comes to billing, accounting and reporting,” said one survey respondent. “Increasingly, I am finding the people who ‘know’ the products and classified them for tax coding purposes long before I arrived do not understand the importance of the little details that can make a huge difference
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Insightful Accountant
FEBRUARY 16, 2023
Murph brings you up to date on the vision that is the QuickBooks Business Network. While it's not fully capable yet, it's getting there, and appears to be heading in the right direction.
CPA Practice
FEBRUARY 16, 2023
T he American Institute of CPAs (AICPA) submitted a letter to the House Ways and Means Committee and Senate Finance Committee requesting immediate consideration of the treatment of section 174 research and experimental expenditures, as well as numerous expired tax provisions. Specifically, the AICPA supports the deferral of the Internal Revenue Code (IRC) section 174 amortization requirement of the research and experimental expenditures and requests that Congress retroactively extend the effecti
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.
Going Concern
FEBRUARY 16, 2023
Much like here in the U.S. with the PCAOB, the Financial Reporting Council across the pond has been busy at work inspecting audit firms with a fine-toothed comb and handing out fines like beads at Mardi Gras (Financial Times calls it “swift with the stick”). At first these efforts were largely focused on Big 4 firms, naturally so as they audit just about every company in the FTSE 100, the 100 companies on the London Stock Exchange with the highest market capitalization.
CPA Practice
FEBRUARY 16, 2023
Despite market volatility, companies across the country have plans to hire early this year and are scrambling to staff up, research from talent solutions and business consulting firm Robert Half shows. According to the company’s State of U.S. Hiring Survey of more than 2,000 hiring managers, 58% of respondents anticipate adding new permanent roles during the first half of the year, up from 46% six months ago.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
FEBRUARY 16, 2023
IRS Publication 502 (Medical and Dental Expenses (for 2022 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2022 Returns)) Publication 502 Publication 503 The IRS has released updated versions of Publications 502 and 503 for the 2022 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2022 federal income tax returns.
AccountingDepartment
FEBRUARY 16, 2023
Upgrading a business to move away from manual processes or shift away from dated and clunky software may seem like a daunting task to a business owner. However, making the switch is an upgrade that will provide a central database for an entire company, valuable reporting potential, and a host of other benefits.
Insightful Accountant
FEBRUARY 16, 2023
ACCA’s annual 'Global Talent Trends Survey' shows a profession in workplace transition, grappling with a multitude of short-term challenges and longer-term questions.
Withum
FEBRUARY 16, 2023
Most state income tax systems fall into two categories: progressive tax and flat tax. Massachusetts touts a “flat tax” system. Everyone pays the same percentage of their income. It is equitable, doesn’t punish high-income earners, and everyone is left with the same percentage of after-tax earnings to spend, right? Sort of …Massachusetts’ “flat tax” system applies a 5% tax rate to most income, unless you recognize short-term capital gains which are taxed at 12%.
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.
Patriot Software
FEBRUARY 16, 2023
Tax season can be hectic, especially if you’re a small business owner. If you hate filing business taxes, you may wonder, “How much can a small business make before paying taxes?” The answer is: It depends. Read on to learn how much a small business can earn before paying income taxes. What are business taxes?
Going Concern
FEBRUARY 16, 2023
Mazars released its global financial results this week and as is tradition, there is a press release celebrating it. Mazars, the international audit, tax and advisory firm, today releases its global financial results for the 2021/2022 financial year, highlighting double-digit year-on-year growth of 16.4%, reaching €2.45bn in fee income. The increase in revenue comprises strong growth across all regions and services, both audit and non-audit (full details below).
ThomsonReuters
FEBRUARY 16, 2023
CMS Notice: Payment Disputes Between Providers and Health Plans (Feb. 10, 2023) Available at [link] In response to the federal trial court decision vacating portions of the final regulations on the surprise billing independent dispute resolution (IDR) process (see our Checkpoint article ), HHS’s Centers for Medicare & Medicaid Services (CMS) has directed certified IDR entities not to issue new payment determinations until they receive further guidance from the agencies.
CPA Practice
FEBRUARY 16, 2023
Running a small business has become more and more challenging over the last couple of decades. While more and more technologies offer to help entrepreneurs manage sales, clients, vendors, and countless other aspects of their business, the tasks can be overwhelming for many, especially when coupled with tight profit margins, just-in-time warehousing and production, supply chain issues, staff shortages, and the other realities businesses face in the 2020s.
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.
Insightful Accountant
FEBRUARY 16, 2023
Join Liz Scott on Feb. 23 for a webinar guaranteed to show you everything you need to know about importing Divvy expenses into QuickBooks Online.
Withum
FEBRUARY 16, 2023
Over the past several months, we have seen a significant uptick in IRS audits of the Employee Retention Credit (ERC). This session will address the details of the ERC with a focus on strategies to successfully resolve your IRS audit without adjustment. We will also share our experiences on what we have seen during these audits. View Slide Deck View More On-Demand Webinars Viewers Will Learn About Define the scope of the employee retention credit; Identify the information to be provided to the IR
Reckon
FEBRUARY 16, 2023
There are any ways to operate a business in Australia, and retail is certainly a popular choice. In fact, according to the Productivity Commission , “There are almost 140 000 retail businesses in Australia, accounting for 4.1 per cent of GDP and 10.7 per cent of employment.” If you’re thinking about opening your own retail store in Australia, we have a handy checklist of things to consider before you take the plunge.
CPA Practice
FEBRUARY 16, 2023
Register Today Receive 1 hour of free CPE credit for participating in this live webcast. Date: Tuesday, May 23, 2023 Time: 2:00 PM ET / 1:00 PM CT / 11:00 AM PT / 6:00 PM GMT Sponsor: SafeSend Duration: 1 Hour Already registered for this webinar? Please click here to log in. The height of tax season is often the time when firms feel the impact of inefficiency.
Advertiser: Paycor
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MineralTree
FEBRUARY 16, 2023
We all know the degree to which the COVID-19 pandemic has shifted the workplace landscape. Back in the early days of the pandemic, businesses quickly evolved their processes seemingly overnight to accommodate new work-from-home set ups for their employees. Despite their best efforts, businesses subsequently suffered from new security challenges. This disruption created a perfect storm for fraudsters and bad actors to exploit new vulnerabilities, particularly those within AP teams, many of which
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. With the increasing pace of technological change and the challenges posed by Brexit it has never been more important for businesses to differentiate themselves from competitors to enable their business to thrive. This may be achieved by developing new products, investing in technology to drive efficiency, investing in customer relationships or exploring new markets.
Anders CPA
FEBRUARY 16, 2023
Before renewing your Microsoft 365 Business or Enterprise license, take the time to consider how your business needs may change over the course of the year and the technology solutions that can be implemented to mitigate the previous year’s pain points. Evaluate your plans for the upcoming year: do you expect your organization to grow, or are you expecting to make staffing cuts?
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either. The Chancellor is due to speak about plans to stabilise the economy and boosting growth, and hopefully we will hear more about the newly created Department for Science, Innovation and Technology following the recent cabinet shake-up.
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.
CPA Practice
FEBRUARY 16, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA evaluate Validis, a tool that extracts data from all financial systems to automatically generate full sets of standardized working papers. This data can then be imported into working paper systems. Click here to visit the podcast page.
ThomsonReuters
FEBRUARY 16, 2023
QUESTION: We’ve heard that there are temporary reporting requirements to address surprise air ambulance bills. What are the requirements, and when do they apply? ANSWER: Legislation addressing patient protections related to surprise air ambulance bills from nonparticipating providers requires group health plans and insurers to submit information about the air ambulance services they cover during two calendar years (see our article).
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. Como empleador, sus obligaciones incluyen completar el cierre de su ejercicio de nóminas( Payroll year end ) antes del 5 de abril de 2023. Hemos explicado detalladamente el procedimiento para que pueda estar seguro de haber completado todos los pasos y pueda presentar a tiempo sus declaraciones a HMRC.
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. In qualità di datori di lavoro, tra i vostri compiti rientra quello di compilare il libro paga di fine anno ( Payroll year end ) entro il 5 aprile 2023. Abbiamo pensato di spiegare nei dettagli la procedura, così che possiate essere sicuri di aver completato tutti i passaggi e possiate presentare le dichiarazioni alla HMRC nei tempi previsti.
Advertiser: Paycor
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.
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. En tant qu’employeur, vous devrez vous assurer de conclure votre fin d’année de la paie avant le 5 avril 2023. Nous avons détaillé pour vous le processus de paie de fin d’année. Vous pourrez ainsi vous assurer d’avoir accompli toutes les tâches et présenté vos déclarations au département HMRC dans les délais impartis.
Menzies
FEBRUARY 16, 2023
Menzies LLP - A leading chartered accountancy firm. Als Arbeitgeber müssen Sie sicherstellen, dass Sie das Jahr in Bezug auf die Lohn- und Gehaltsabrechnung bis zum 5. April 2023 abgeschlossen haben. Wir haben den Prozess des Jahresabschlusses für die Lohn- und Gehaltsabrechnung in einzelne Schritte unterteilt, sodass Sie sicherstellen können, dass Sie alle Schritte abgeschlossen und Ihre Meldungen pünktlich bei der Finanzbehörde, HMRC, eingereicht haben.
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