xendoo
MAY 26, 2022
Net income is one key metric that you can use to assess your business’ financial health. You can calculate it by using a net income formula. In accounting, net income is the total amount of cash you have after deducting expenses, but it’s a little more complicated than that. . What is Net Income? For an individual, net income is sometimes called “take-home pay”.
TaxConnex
MAY 26, 2022
Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations. An exemption could be related to the type of business that is buying the TPP – a non-profit or government entity in certain states for example.
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Accounting Web
MAY 26, 2022
Trends It's Time for Accountants to Embrace Fintech.
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.
Withum
MAY 26, 2022
Stock market volatility has become a daily reality. Why, how and whether you invest in the stock market is your business. What I usually try to do is provide some information on suggested ways to consider stock market investing, and that is what I will be doing now. There are many things that affect the value of stocks — too many to sensibly grasp and use to determine what stocks to buy, so I suggest simplifying your decisions by investing through mutual funds.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
MAY 26, 2022
The critical supply chain for so many sectors has been severely disrupted due to the COVID-19 pandemic (including severe restrictions in China) and the Ukraine conflict. On top of these events, there may be more shipping delays with the West Coast Dockworkers’ contract expiring on June 30, 2022. This workforce covers more than 22,000 dockworkers at 29 ports ranging from Washington State to Southern California; and provides a primary gateway for goods shipped from Asia to the United States.
Ryan Lazanis
MAY 26, 2022
In this podcast episode, I shared my #1 strategy to combat scope creep and tips on how you can create a system to eliminate it in your firm. Listen below. 1:08 – Scope creep can cause disagreements with clients if you try to charge for out-of-scope work. 1: 30 – To eliminate scope creep, you should define the boundaries of your deliverables and ensure that your client understands them. 2:00 – A well-defined scope becomes extremely important because it helps protect the profitab
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.
AccountingDepartment
MAY 26, 2022
Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium 2022 (VETS'22) in Orlando, Florida.
Patriot Software
MAY 26, 2022
Forty percent of small business owners agree that bookkeeping (the process of recording transactions) and taxes are the worst part of the job. Although it might be taxing (no pun intended!), bookkeeping is a key part of business. But, that doesn’t mean you have to make things unnecessarily difficult. For simple bookkeeping, you may consider […] READ MORE.
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.
Intuitive Accountant
MAY 26, 2022
Murph remembers the symbolism of wearing the Red Poppy even as a little boy, and the honor of what that means.
ThomsonReuters
MAY 26, 2022
Final Forms Revisions: Annual Information Return/Reports, 26 CFR Part 301; 29 CFR Part 2520; 29 CFR Part 4065, 87 Fed. Reg. 31133 (May 23, 2022). Available at [link]. The DOL, IRS, and PBGC have announced revisions to Forms 5500 and 5500-SF that apply to reporting for plan years beginning on or after January 1, 2022. The revisions finalize some of the changes proposed by the agencies in September 2021 (see our Checkpoint article ) to reflect Code and ERISA amendments made by the Setting Every
ThomsonReuters
MAY 26, 2022
IRS Notice 2022-28 (May 19, 2022). Available at [link]. The IRS has announced special tax relief for leave-based donation programs set up by employers to aid victims of the “further Russian invasion of Ukraine” that began on February 24, 2022. Under a leave-based donation program, an employer may permit its employees to give up their vacation, sick, or personal leave in exchange for cash payments by the employer to charitable organizations.
ThomsonReuters
MAY 26, 2022
Kairys v. S. Pines Trucking, Inc., 2022 WL 969595 (3d Cir. 2022). A former employee brought an employment discrimination case contending, among other things, that he was terminated in retaliation for his large medical expense claims and anticipated future use of his employer’s self-insured health plan. He argued that his employer violated ERISA § 510, which makes it unlawful to discharge, fine, suspend, expel, discipline, or discriminate against a participant for exercising a right to which he i
Withum
MAY 26, 2022
This on-demand webinar will review the benefits of having an effective oversight environment including board governance and risk assessment and management. Listen in as Samantha Hoyte and Amy Both discuss the best practices for effective governance and risk management. View Slide Deck. View More On-Demand Webinars. Viewers Will Learn About. Understand the role of board governance Review and improve upon current governance policies Identify various potential risks in an organization Develop plans
ThomsonReuters
MAY 26, 2022
QUESTION: We are wondering if our company’s medical plan might qualify for an exemption from the federal mental health parity requirements. What exemptions are available? ANSWER: The federal mental health parity requirements apply to most employer-sponsored group health plans, but there are some exceptions. As a reminder, the mental health parity rules under the Mental Health Parity Act (MHPA) and the Mental Health Parity and Addiction Equity Act (MHPAEA) require parity between medical/surgica
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.
Withum
MAY 26, 2022
This on-demand webinar will outline the changes and updates that affect employee benefit plan audits, including management’s assessments that a Section 103(a)(3)(c) audit is appropriate for, how the new audit report will look like, and the required representations from management to the auditor. Listen in as Withum’s Employee Benefit Plan team members Sheri Wronko , Partner and Ana Romeo , Manager, discuss a timely update on how your employee benefit plan audit will be different under SAS
5 Minute Bookkeeping
MAY 26, 2022
Are you struggling with pricing your bookkeeping services? Pricing is not easy, and in fact, it can evoke a lot of negative emotions, including fear and anxiety. It was certainly one of the areas that I struggled with the most while growing my virtual bookkeeping business. Although it was tough at times, I learned so much through the process. Would you like to skip past the trial and error and get straight to the good part?
Canopy Accounting
MAY 26, 2022
Join us for Canopy's First Look Webinar on Thursday, June 2 at 1 p.m. ET, where you'll hear about all the feature updates coming soon to Canopy's full suite of cloud services.
RitaKeller
MAY 26, 2022
“Setting a good example is truly the most effective means of communication – and setting a poor one is disastrous!” – Jan Carlzon. Wow. I have heard so many STRONG opinions about when, how, why, and why not return to working in an office environment. Firm partners are thinking about how will we identify and mentor future partners if we never see them in person.
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.
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