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From banking to accounting services , technology continues to transform and streamline operations throughout the financial industry. Whether you’re looking for virtual outsourced CFO services or software that can scale with your business, there’s a tech to meet your needs.
Sales tax compliance is riddled with risk. Failure to comply with the applicable sales tax rules can have a devastating effect on a business, but they’re often overlooked because they’re considered “pass-through” as the business is responsible for collecting the applicable taxes which pass through the business and are subsequently turned over or paid to the states.
Fresh start – tax forgiveness program – as advertised on radio, TV, internet Taxation can be a complicated and stressful matter, particularly when it comes to tax levies and liens. If you are facing a tax issue, it is important to understand your rights and how to navigate the complex tax system. In this comprehensive FAQ, we will explore the ins and outs of tax levies and liens, and how Mike Habib, EA a tax relief professional can help you resolve your tax issues.
By Molly Crane-Newman, New York Daily News (TNS) The former head of engineering at Sam Bankman-Fried’s bankrupt cryptocurrency trading firm FTX owned up to fraud charges on Tuesday, federal prosecutors said. Nishad Singh, 27, pleaded guilty in Manhattan Federal Court to wire fraud, conspiracy to commit commodities fraud, conspiracy to commit money laundering, conspiracy to make unlawful political contributions and defraud the Federal Election Commission, and other related charges.
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.
Having happily offered services to crypto clients since 2014, Armanino very nearly marked ten years in the crypto space until the catastrophic collapse of crypto exchange FTX in November 2022 forced them to part ways with crypto clients seeking assurance, FTX being one of them. As a reminder, here’s what happened in December : Armanino is ending its crypto audit practice and dropping clients, two sources familiar with the matter say.
By Leada Gore, al.com (TNS) The end of pandemic-era stimulus programs is having an impact on tax refunds. IRS statistics for the week ending Feb. 17 show the average tax refund is $3,140, down 11.2%, or $396, from last year. The decline is in keeping with previous IRS alerts that said people could see “significantly smaller refunds,” this year. “Refunds may be smaller in 2023.
I’m delighted to announce that Xero has partnered with Parolla , to offer Xero accounting and bookkeeping partners and small business customers a free VAT solution, enabling you to easily prepare and generate revenue-compliant VAT3 returns for direct upload to Revenue Online Services (ROS). Introducing the EMEA Xero team I’m Ayman, Head of EMEA (Europe, Middle East and Africa) and I want to personally introduce myself and my team to let you know we are committed to you and all our customers and
I’m delighted to announce that Xero has partnered with Parolla , to offer Xero accounting and bookkeeping partners and small business customers a free VAT solution, enabling you to easily prepare and generate revenue-compliant VAT3 returns for direct upload to Revenue Online Services (ROS). Introducing the EMEA Xero team I’m Ayman, Head of EMEA (Europe, Middle East and Africa) and I want to personally introduce myself and my team to let you know we are committed to you and all our customers and
Somewhere on your road to $1M in revenue, your eCommerce business’s financial workflow will start to break down. Manual processes and bad data will start to obscure what your true financial position actually is. Common issues are issues with your inventory balance on the Balance Sheet, your Cost of Goods and Gross Margin on the Income Statement, Sales Tax filings, reconciling the fees taken out of your Amazon settlements, just to name a few.
Another day, another article purporting to offer the solution to the precipitous drop in accounting talent over the past several years that doesn’t involve paying people more. “Young people” have been blamed for talent shortages long before an actual shortage existed, what with all their job-hopping and demanding employers accept that they have a life outside of work.
8 min read Automating processes in business is one of the simplest ways to save time, money, and other resources across departments. In your back office, there are countless software systems and advanced tools that you can implement to automate back-office processes such as data collection, data categorization, reporting, expense tracking, time tracking, and more.
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.
A number of states have hopped on the paid sick leave bandwagon. One of the newest states to do so is Colorado. In addition to regular sick leave, the state also offers public health emergency leave for time off due to COVID.
Next week is National Consumer Protection Week, and the IRS Criminal Investigation unit will spend it informing taxpayers on some of the most prevalent frauds, scams, and other threats that occur during tax season. During National Consumer Protection Week, from March 5 to 11, IRS-CI will share information on its Twitter account on different tax scams and how the public can report these scams to authorities.
Sage Intacct has recently announced 2023 Release 1, which includes enhancements ranging from simplifying and automating bill processing to increasing visibility, and adding functionality in various global regions.
Stay Connected Following a previous Risk In Review podcast episode on Sustainability in Business and the Future of ESG , Neal Beggan , Leader of the Firm’s Risk Advisory practice, and Ved Gupta , our Risk Advisory guest, outline considerations if you are starting the corporate sustainability journey and establishing a long-term ESG program. Together they identify where to start in the ESG program, define its purpose, explain the components of a well-designed ESG program and finally highlight
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.
AICPA News is a roundup of recent announcements from the American Institute of CPAs. AICPA sends 2023 Compendium of Tax Proposals to Capitol Hill The American Institute of CPAs (AICPA) has sent to members of the House Ways and Means Committee and Senate Finance Committee its 2023 Compendium of Tax Legislative Proposals – Simplification and Technical Proposals , which outlines AICPA’s positions on a number of legislative proposals that are directly related to changes to the tax rules and can b
Most people that prepare their own returns need someone to review it for errors or omissions. Here is a step-by-step technique you could follow. Tax Comparison Schedule When your tax return is completed, you should review the tax comparison schedule your software provides for differences. Look at every line and compare this year’s amounts with last year’s.
Nearly two fifths (39%) of accountants spend over half of their day on manual tasks, but nearly a third (30%) of respondents don’t have the tools to automate processes. That’s according to new data from cloud pre-accounting platform Dext , which surveyed 300 accountants in the UK to discover how efficient accounting processes are today. With so much admin to tackle, 43% of respondents feel that technology and software would make being an accountant easier.
What's New: Canopy customers* now have the ability to enable surcharging for credit card fees in most states**. Surcharging allows a firm to provide their clients with the convenience of paying for services with a credit card without a firm having to take on the financial burden of associated credit card fees.
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.
How can coaches help business owners in achieving success more quickly and avoid mistakes? In this episode, I will provide advice on how coaching helped me significantly improve my business with business coaches. Listen Below. 0:48 – Coaching has significantly improved my business, so I’m sharing insights/tips in case you decide to hire a coach. 01:25 – One of the students shared a TED talk entitled “The Most Successful Person in the World” by Jeff Haden , on findin
The ADP webinar will provide insights into navigate the spate of continually evolving laws and regulations across the federal, state and local levels. Get the details here.
Dent Moses is pleased to announce that Mike Baker has been appointed to serve as Chair of Allinial Global’s 2023 America Board of Directors. Allinial Global is an award-winning association of legally independent accounting and consulting firms whose members collaborate to bring their clients best-in-class solutions. “As a member of Allinial Global, Dent Moses gains access to the expertise, resources, and advice of over 256 fellow firms in 99 countries worldwide, allowing us to offer our clients
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.
We live in a time where the "best" accounting practices change daily. Keeping track of all the changes in the industry between updates and tech can be overwhelming. Today, most accountants feel that traditional accounting isn't enough to remain competitive. Now, getting accounting leads and finding ways to stay ahead of everyone else is critical to remaining relevant.
National Taxpayer Advocate Erin Collins released her annual report to Congress in December. While the report’s tone touts progress, there are still significant issues and delays. Among the data released: As of mid-December 2022, there was a backlog of 1 million originally filed individual returns, 1.5 million originally filed business returns, and 1.5 million amended returns.
Getting a business off the ground requires capital. As they say, you need to spend money to make money. But Section 195 of the Internal Revenue Code (IRC) brings some good news. Once you launch your startup, you may be able to recoup some of those costs in the form of tax advantages. Like most of the IRC, this Section comes with some pretty complex specifications and requirements.
As a distributed company , not only do we serve our clients remotely, but our team members work remotely as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while working remotely with (and for) our customers, and we couldn't do any of it without our amazing team.
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.
There’s no denying that video marketing is a smart way to promote business. Professionals are showing increasing interest in incorporating video into their online strategies, and this surge offers promising opportunities for online businesses that can leverage the surging popularity of the whole-video marketing sphere. Video marketing is a powerful way to promote your business, especially if you’re new to it.
If you’re an accountant, then you know that QuickBooks Online a popular accounting and financial software. But what you might not know is that QuickBooks Online works even better when you use it with Lockstep Inbox. Here’s why: Lockstep Inbox is the only shared inbox designed for accounting. Seamlessly connected into QuickBooks Online and Outlook, Inbox creates efficiencies and improves accounting activity workflows.
T he American Institute of CPAs (AICPA) has submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) proposing Frequently Asked Questions (FAQs) and suggested answers to assist taxpayers in responding to the new digital asset question on the 2022 Form 1040 and instructions and for the 2023 Form 1040 instructions to be modified.
Menzies LLP - A leading chartered accountancy firm. This period of high inflation, ever-increasing costs and future uncertainty is showing how essential it is for businesses to manage their cash. Whilst it is challenging to forecast what is going to happen with costs going forward, attempts to forecast incomings and outgoings are vital to ensure an unmanageable deficit does not creep up on businesses.
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.
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