Tue.May 17, 2022

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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.” . Lockstep is dedicated to helping our customers improve cashflow, decrease days sales outstanding (DSO), and increase working capital through award-winning accounts receivable automation.

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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.

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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. According to the Sales Tax Institute there may be changes on the horizon– and though the aim appears to lean towards improving life for remote sellers, the changes only seem to make meeting sales tax obligations harder.

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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? These budding entrepreneurs often get paid through mobile payment services like Venmo, Paypal or CashApp or get paid directly through the Uber or Doordash app.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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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. Meanwhile, there’s a guy trying to build an automobile that would replace the need for horses.

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Marketing for Accountants: The Top 19 Strategies

Ryan Lazanis

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Let’s check them out!

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More Trending

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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. Who you hire to perform these daily tasks can help keep your transaction records accurate and ensure taxes, as well as audits, are performed efficiently.

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How Women are Overcoming Bias in Bookkeeping

Accounting Web

Bookkeeping How Women are Overcoming Bias in Bookkeeping.

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Top 100 ProAdvisor Stephen Smith on Making Good Hires

Intuitive Accountant

There is no question that the last 18-plus months have challenged each of us. To see how some of the industry’s leaders did it, here’s another in our series on what Top 100 ProAdvisors did to weather the storm.

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IRS audit rates plummet, especially for wealthy

Accounting Today

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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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eCommerce accounting tips to maintain a positive cash flow

Basis 365

Cash flow is essential for small-business owners; money coming in and going away should be balanced. Particularly for eCommerce businesses, cash flow statements can be challenging to understand. However, it is essential to learn how to read them to know when you should order supplies and how to maximize profit. These are some tips to help you ensure that your company is bringing in enough money and spending it wisely to keep your supply chain healthy and your company afloat. 1.

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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. Heightened demand for loans amidst rising business costs, as 31% of brokers cite ‘managing day-to-day cash flow’ as the top motivator for small business owners applying for finance, up from 24% in Q4 2021. 39% of brokers are sa

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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. Historical tax incentives also made the market a lucrative option but the tax rules have changed and not for the better.

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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. The fact that the IRS is a business that operates in the dark ages in terms of technology further compounds the taxpayer’s burden. They act like they are Barnes & Noble when Amazon would be the benchmark. ”. — Julio Gonzalez , CEO and founder of Engineered Tax Services, said in a press release emailed

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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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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. Here’s your step-by-step guide on accounts receivable processes and procedures to live by. Accounts receivable overview What are accounts […] READ MORE.

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

Going Concern

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

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Building Champions on the Global Stage

Intuitive Accountant

How Xero is helping FIFA champion women’s soccer around the world—and why that matters to women-owned small businesses everywhere.

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

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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Civility

RitaKeller

“Play fair. Don’t hit people. Say you’re sorry when you hurt somebody.” – Robert Fulghum, author of All I Need To Know I Learned in Kindergarten. As you become a manager and then a partner in your firm, if you want to be viewed as an inspiring leader, you better be practicing civility. There is solid research behind this.

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

Accounting Today

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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. Often it is simply an easy answer to the question: ‘Where do most of your new clients come from?’ It ignores the impact that websites and online profiles have and which, when they are not very good, could well be reducing the number of referrals that actually contact you.

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IRS urged to strengthen compliance on pandemic tax breaks

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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Payroll Benefits Sponsors 401(k) at Scaling New Heights 2022 (Part 3)

Intuitive Accountant

Murph looks at some of the Payroll Benefits sponsors appearing at 'Scaling New Heights 2022.

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Geffen Mesher launches data division

Accounting Today

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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. And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees.

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BDO restructures assurance practice

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Ten Business Tips for Technology Entrepreneurs

Withum

The technology industry is a fast-paced, dynamic environment that requires you to continuously focus on your business operations in a highly competitive market saturated with innovation, disruption, data privacy considerations and even ethical issues. What can entrepreneurs in the tech industry do today to survive, thrive and grow in the face of numerous challenges?

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Indiana CPA Society honors top professionals of 2022

Accounting Today

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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. However, most of us will have completed an EOFY using Single Touch Payroll (STP) before, so wrapping up the 2021/22 financial year should be smooth sailing. . Whether this is your first time finalising your EOFY with STP, you’re an old hand, or you need to submit payment summaries for your employees – by following these steps y

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Crypto tax startup gets backing from Haun Ventures

Accounting Today

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.