Tue.May 17, 2022

National Accounting Day 2022

Lockstep

This week, we are celebrating the success of our wonderful customers, because accounting teams are the backbone of every business. Even more so, without the organization and fortitude of the accounts receivable (AR) teams, cash flow would be a “cash trickle.” .

Trends: Are sourcing rules changing (and making anything easier)?

TaxConnex

“Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed.

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Critical Series A Finance Metrics for SaaS Startups

BurklandAssociates

SaaS startups need strong metrics for Series A funding that demonstrate traction, growth, profitability, and efficiency. The post Critical Series A Finance Metrics for SaaS Startups appeared first on Burkland. CFO Insights Financial Modeling Fundraising SaaS

IRS audit rates plummet, especially for wealthy

Accounting Today

Tax audits GAO IRS Tax Tax evasion

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5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

FP&A Hindsight is 20/20: What Lessons Can We Learn?

Anders CPA

If we’re discussing hindsight in business, let’s use a particularly early example. Pretend you own a business transporting goods by horse and carriage. You’re focused on finding a way to make your horses run faster or further. If you can figure that out, you’ll increase business.

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Democrats urge IRS to boost drivers’ 58.5-cent mileage deduction

Accounting Today

Inflation IRS Tax Tax deductions

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Should I stay or should I go? What it means to move your CPA firm to the cloud

Accounting Today

Tax prep software Technology Tax practice Cloud computing Tax season

The Bookkeeper Basics. Do You Need One?

AccountingDepartment

Running a small to medium-sized business requires keeping track of your cash flow. You have to make sure vendors get paid, invoices become entered into computer systems, and transactions are recorded.

Yellen fails to win Poland pledge to remove hold on tax deal

Accounting Today

Janet Yellen Corporate taxes International taxes Biden Administration Tax

How Women are Overcoming Bias in Bookkeeping

Accounting Web

Bookkeeping How Women are Overcoming Bias in Bookkeeping

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

M&A roundup: Baker Tilly, Aprio and P&N expand

Accounting Today

Practice management M&A Baker Tilly US

Tax Strategies to Counter Biden’s Billionaire Tax

Accounting Web

Individuals Tax Strategies to Counter Biden’s Billionaire Tax

IRS urged to strengthen compliance on pandemic tax breaks

Accounting Today

GAO Tax credits IRS Coronavirus Tax

How Firm Owners Can Shift Toward a New Future

Accounting Web

Practice Excellence How Firm Owners Can Shift Toward a New Future

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Geffen Mesher launches data division

Accounting Today

Analytics Data Analytics Technology

What you need to know about changes coming to payroll from 1 July 2022

Xero

While it may be lacking the fireworks and champagne of New Year’s Eve, come 1 July the new financial year ushers in fresh opportunities for Australia’s small businesses. Along with the new calendar, there are often regulatory changes for you to manage or implement.

BDO restructures assurance practice

Accounting Today

Audit Audit preparation BDO USA PCAOB

CalCPA BUZZ: Last Chance for CalCPA Service Award Nominations

CalCPA

Recognize an outstanding member or firm by submitting a nomination for a CalCPA Service Award: Public Service Award (individual): Given to a CPA. The post CalCPA BUZZ: Last Chance for CalCPA Service Award Nominations appeared first on Hot Topics. CalCPA Buzz

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

Indiana CPA Society honors top professionals of 2022

Accounting Today

CPAs

A Definitive List of Reasons to Stay to Manager at a Big 4 Firm in 2022

Going Concern

The post A Definitive List of Reasons to Stay to Manager at a Big 4 Firm in 2022 appeared first on Going Concern. Big 4 Career advice Manager

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Crypto tax startup gets backing from Haun Ventures

Accounting Today

Tax prep software Venture funding Tax Venture capital Cryptocurrencies

Advising Gig Workers: Form 1099-K and How to Minimize Tax Liability

ThomsonReuters

Do you have clients working full- or part-time in the gig economy? Self-employed workers who drive for Uber or deliver food for DoorDash, who sell crafts and merchandise on Etsy, or who hire out their services on TaskRabbit?

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Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

Cherry Bekaert signs on as LeaseQuery reseller

Accounting Today

Accounting software Resellers Technology

iwoca SME Expert Index: One in three brokers say lending market has returned to pre-pandemic levels

Accounting Insight

Nearly one in three (30%) brokers believe the UK SME lending market has returned to levels seen before the outbreak of the Covid-19 pandemic. Over a third of brokers (34%) say small businesses’ applications for finance were up last month, compared to the four weeks prior.

In the blogs: Of bins and bogdowns

Accounting Today

Practice management Tax preparation Sales tax IRS Marijuana industry Tax tools HSAs

Effect on overseas investment by non-resident capital gains tax for UK commercial property

Menzies

Menzies LLP - A leading chartered accountancy firm. Factors such as a constant and stable capital growth, reliable rental income, positive exchange rates and regulations have historically made the UK commercial property market a very attractive investment.

Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.

Guy Compares the IRS to Barnes & Noble

Going Concern

Julio Gonzalez. “ The IRS destroying data for an estimated 30 million filers in March 2021 is appalling. This will create massive chaos for taxpayers in terms of filing time and refunds.

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Your Step-by-step Accounts Receivable Process Guide

Patriot Software

When you extend credit to customers, you deal with something called accounts receivable. To ensure your company gets paid and your books are all up-to-date, you need to have a solid accounts receivable process in place.

Debunked: Can you really rely on referrals to sustain or grow your practice?

Mark Lee

Most established accountants running their own firms claim to get most of their new clients via referrals. I see at least three potential flaws with this perception. Firstly, it’s rarely based on empirical evidence.

Steps to perfect your payroll this EOFY

Xero

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal.

Perfecting the Close Checklist

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Let’s get up close and personal with balance sheet reconciliations to better understand the purpose behind this activity, so often taken for granted. Let’s rediscover the power of reconciling the balance sheet, the best way to approach the work, and the pitfalls to avoid when preparing or examining reconciliations.