Mon.Jun 06, 2022

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QuickBooks Connect: Everything You Need to Know

Ryan Lazanis

QuickBooks Connect is one of the most popular annual accounting conferences that’s geared toward QuickBooks users and accounting professionals. In this article, you’ll get: An overview of what this conference is all about. information about previous events. How much it costs to attend. Where you can find more information about the conference. … and more!

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How to keep up to date with accounting standards

ThomsonReuters

The reality is, technical competence still lies at the heart of adding value. When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

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IRS Issues Favorable QSBS Tax Ruling for Businesses

Withum

On May 27, 2022, the IRS released its sixth pronouncement regarding the types of businesses that can qualify for the qualified small business stock (QSBS) exclusion. The ruling is the fourth time the IRS has addressed the health exclusion in section 1202(e)(3) , the third time it has addressed the exclusion for businesses where the principal asset is the reputation or skill of one or more of its employees, and the first time the IRS has opened the door for pharmacy businesses to qualify for the

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Compensation Watch ’22: Deloitte Lifts the Lid on Raises

Going Concern

Big 4 compensation season kicked off a little more than a week ago when Deloitte employees got their comp statements and then proceeded to head over to r/accounting to whip it out and show it off for all to see. Since the last time Deloitters got their comp statements in May 2021 , the firm in December bumped up base pay for employees whose salaries were below market rates.

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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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What Accountants Need to Know About IRS Migration to ID.me | Canopy

Canopy Accounting

This summer, the IRS will transition its online services for tax professionals to third-party authentication software company ID.me. What does that mean for accountants? You’ll need to create an ID.me account to access the IRS website.

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Decarbonisation: What’s in it for accountants and bookkeepers?

Xero

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. When Xero was founded in 2006, we were just at the beginning of what was to become the new era of accounting, in the cloud.

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Get Organized with KROST’s Will & Trust Asset Legacy Planner

KROST

Please note the following updates for 2022 Estate and Gift Exclusions: Estates of decedents who passed away during 2022 have a basic exclusion amount of $12,060,000, up from a total of $11,700,000 for estates of decedents who passed away in 2021. The annual exclusion for gifts increases to $16,000 for the calendar year 2022, up from $15,000 for the calendar year 2021.

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The keys to driving through change: It’s inevitable

Accounting Today

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Winning Accounting Talent

Intuitive Accountant

Finding talent for today's accounting firms can be a challenge. Here’s 5 tips that can help evaluate your work culture from an employee and job-hunter point of view and fill vacant positions successfully.

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KROST is Attending the AICPA ENGAGE22 Conference

KROST

Our CEO, Jason Melillo , Assurance & Advisory Principal, Keith Hamasaki , Assurance & Advisory Senior Manager, Steve Chhuor , and Assurance & Advisory Manager Rebecca Hickle , are attending the AICPA ENGAGE Conference. The conference takes place from June 6th through June 9th and will be held at the Aria Resort and Park MGM in Las Vegas.

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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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Cloud & Information Tech Sponsors at Scaling New Heights (Part 4)

Intuitive Accountant

This is the final installment of our series on Cloud and Information Technology Sponsors appearing at this year's 'Scaling New Heights' in Orlando. If one or two other sneak in at the last minute, you may find them listed in other reviews.

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Is it time for a rethink of the capital allowances system?

Menzies

Menzies LLP - A leading chartered accountancy firm. The capital allowances rules set the rates and timing at which capital expenditure can be deducted to arrive at taxable profits in a tax return. Announced on 9 May 2022, the UK government is considering reforms to help with enterprise and growth. The 2022 Spring Statement previously set out some types of changes that could be made including: Increasing the Annual Investment Allowance permanently to (for example) £500,000.

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If You’re Quitting Public Accounting Try Not to Burn Bridges on Your Way Out In Case You Need to Come Crawling Back

Going Concern

A few months ago business sections across.coms everywhere were getting blown up with articles about “the boomerang,” an imaginary trend whereupon corporate quitters discover the grass is not in fact greener on the other side and come crawling back to their former employers. Like this March piece from Forbes : According to experts like Anthony Klotz, who predicted and coined the Great Resignation phenomenon, the next sweeping trend in hiring is the surge of ‘boomerang workers’— people

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What Does It Mean When a Company Changes Auditors?

FraudFiles

The firm that audits a company’s financial statements is very important. Audited statements are used by shareholders, lenders, and other interested parties to make decisions about the company and its future. When companies change auditors, it can signal a few different things. There may be legitimate business reasons for making a change, but there could instead be problems within the company.

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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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Will the extension to Unexplained Wealth Orders impact legitimate offshore property investors?

Menzies

Menzies LLP - A leading chartered accountancy firm. Tighter restrictions which are specifically designed to flush out ill-gotten gains have recently been introduced on UK property ownership by offshore individuals and companies. Whilst their impact could be far reaching, legitimate investors should have no reason to fear the changes and be reassured that their asset portfolios are secure.

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Whitehouse: A future without busy season

Accounting Today

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I Wish This For You

RitaKeller

“Now that I’ve been away from work, I realize that it just wasn’t that important.” – David Letterman. Letterman’s quote above should be read and taken to heart by every CPA, especially CPA partners in public practice who are nearing retirement. It is easy to get sucked in. Your clients count on you, they need you.

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The Frontier: Firms need to stop putting their tech needs first

Accounting Today

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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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What to sell on Amazon: Best selling items and top ideas

Snyder

Shopping is an inseparable part of our lives perceived as pleasure and fun only by some customers, while others see it as necessary, time-consuming and tiresome at times. It’s no wonder that e-commerce has won a lot of customers by being transparent and very convenient as well as incredibly time-saving in our fast moving life. Shopping online has become such a smooth experience for many that customers simply and effortlessly switched to it in the pandemic and after-pandemic period.

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SPACs cause flood of restatements

Accounting Today

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Understanding Form 990-PF instructions and the basics of private foundations

ThomsonReuters

Philanthropy and private foundations have been around for more than a century. A number of individuals and families who made their wealth during the late 19th and early 20th centuries in the railroad, steel, oil, and automobile industries (such as Sage, Carnegie, Rockefeller, and Ford) made large-scale donations. Many of their donations occurred before income taxes were enacted in 1913 or estate taxes in 1917.

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International CPA exam testing expanded

Accounting Today

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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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New tools for DEI

Accounting Today

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Wolters Kluwer, KPMG collaborate across content platforms

Accounting Today

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Art of Accounting: Everything you are doing today will be ‘old school’ tomorrow

Accounting Today

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