Thu.Jan 19, 2023

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5 tips to help your firm manage your offshore remote teams more effectively

Accounting Insight

There’s no denying that remote teams are trending! Building an offshore remote team is a great way to tackle the ongoing skills shortage, gain a competitive advantage and deliver better quality. But how do you efficiently manage your remote teams? Here’s 7 tips to help your firm manage your time, energy and resources more effectively. Set expectations and methods of engagement – Remote work is more efficient when expectations are set on work schedules and accountability.

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What to know about responsible party laws

TaxConnex

We hear a lot about “sales tax obligations,” but who exactly in your company is “obligated?” You are, at least in many states. Since the Supreme Court’s 2018 Wayfair decision, many businesses are required to collect and remit sales tax in multiple states – more so than pre-Wayfair. Various “responsible party” laws across the country mean that a business itself is not the only one at risk: CEOs, CFOs, directors and other execs can be responsible for sales tax shortfalls.

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Attributes of a Transformative Leader

CPA Practice

By Arianna Campbell. Are you the type of leader who inspires transformation in your firm? Do you believe in pushing the boundaries and challenging norms to propel your business operations forward? If so, you likely possess many attributes of a transformative leader. Transformative leaders understand what needs to be done and can identify unique opportunities as well as navigate complex issues within their organizations.

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We Had to Scroll Really Far Down to Find a Big 4 Firm on This Glassdoor Best Places to Work List

Going Concern

Life at Deloitte was trumpeting an appearance on Glassdoor’s latest Best Places to Work list yesterday so naturally we swung over to the list to see what’s what. At @Deloitte , we’re committed to our people’s professional & personal well-being. That’s why we’re thrilled our organization has been named one of the Best Places to Work in 2023 by @Glassdoor.

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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The Tax Blotter – Jan. 20, 2023

CPA Practice

The Tax Blotter is a round-up of recent tax news. The tax law provides generous tax breaks to investors in real estate, but there are several key tax pitfalls to watch out for. Be more active. Generally, deductions resulting from passive activities are limited to the income received from passive activities, so you can’t write off a current loss. Real estate is automatically treated as a passive activity.

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How to Manage Accounts for Logistics Business Today

Insightful Accountant

Everyone wants to streamline their logistics. To help out, PACK & SEND's Nicholas Woodward shares the seven best accounting practices for managing your accounts effectively.

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January Brings Banking Enhancements to QuickBooks

Insightful Accountant

With the New Year comes change, and that means enhancements to QuickBooks. January is bringing banking enhancements with it for QBO and QBO-Accountant users.

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A Basic Guide to Using Email Marketing During Tax Season

Canopy Accounting

According to SUMO , the average financial return for email marketing is $44.25 for every $1 spent! Still think email marketing shouldn’t be a priority for your tax practice during tax season?

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Anders Selects Missouri Veterans Endeavor (MOVE-STL) as 2023 Charity of Choice

Anders CPA

Each year, Anders employees nominate not-for-profit organizations to be considered the firm’s Charity of Choice. After tallying the votes for 2023, our Anders Charity of Choice is Missouri Veterans Endeavor (MOVE-STL)! The Charity of Choice program, which is now in its 18 th year, supports the nominated organization through a combination of fundraising activities and volunteer efforts.

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Accounts Receivable Reports That Get You Paid Faster

AccountingDepartment

As a business owner, getting paid in full and on time is crucial for a healthy cash flow. However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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Three Things to Know About GASB 96, Subscription-based Information Technology Arrangements

Cherry Bekaert

Contributor: Jack McKee, Manager | Government & Public Sector Governmental Accounting Standards Board (GASB) Statement 96 provides guidance and addresses how the costs and investments for subscription-based information technology arrangements (SBITAs) are accounted for and disclosed by governmental entities. These changes are effective for fiscal years beginning after June 15, 2022, and the time is now to implement the pronouncement.

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6 Accounts Payable Automation Trends To Watch in 2023

MineralTree

We’ve officially entered the new year which means strategy planning is at the top of every leader’s mind. Inflation and rising interest rates have most firms worried about their cash flow, and thus, finance departments are doing all they can to reduce overhead and organizational inefficiencies in 2023. Why AP Automation is Key to a Strong Year Most finance predictions for 2023 focus on business process improvements and cost savings, as opposed to ground-breaking new innovations.

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ERP Rescue: Signs of Project Failure and How to Course-Correct

Cherry Bekaert

Have you ever had a difficult experience with implementing your enterprise resource planning (ERP) project? If so, you’re not alone. ERP implementation failures are quite common due to numerous factors including (but not limited to) poor applications, insufficient processes and training, and internal resistance. In this 5-minute video, we examine the primary indicators of a faltering ERP deployment and steps that can be taken to rescue the effort.

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The Technology Lab Podcast – Review of BooXkeeping- Jan. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review BooXkeeping , a nationwide provider of affordable outsourced bookkeeping services to small and medium-sized businesses. Use the player below to listen to the podcast.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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How to increase the value of tax data collection

ThomsonReuters

Leveraging a powerful workflow engine can deliver the intelligent tax automation , control improvement, and greater visibility tax teams need to make more strategic decisions, mitigate risk, and successfully orchestrate the entire direct tax process. The current state of tax data collection Unfortunately, too many professionals are wasting their time during the busy tax season, spending as much as 80 percent of their work hours collecting and entering information, verifying its accuracy, and con

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ERP Rescue: Signs of Project Failure and How to Course-Correct

Cherry Bekaert

Have you ever had a difficult experience with implementing your enterprise resource planning (ERP) project? If so, you’re not alone. ERP implementation failures are quite common due to numerous factors including (but not limited to) poor applications, insufficient processes and training, and internal resistance. In this 5-minute video, we examine the primary indicators of a faltering ERP deployment and steps that can be taken to rescue the effort.

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DOL Issues 2023 Adjusted Penalty Amounts

ThomsonReuters

Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2023, 29 CFR Part 2575, 88 Fed. Reg. 2210 (Jan. 13, 2023) Available at [link] The DOL has announced the 2023 annual adjustments to the civil monetary penalties for a wide range of benefit-related violations. As background, legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year (see our Checkpoint article ).

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Illinois CPA Society Summit 2023

CPA Practice

ICPAS SUMMIT23 is one of the largest CPA state society events in the U.S., attracting nearly 1,000 CPAs and finance professionals interested in industry trends, innovation, product launches and networking with others within specific industry markets. When: Aug.

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Live Demo - Supercharge your Month End Close

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 close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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IRS Opens ACA Information Returns (AIR) System for 2023 Electronic Filings

ThomsonReuters

Affordable Care Act Information Returns (AIR) Operational Status; Affordable Care Act Information Returns (AIR) Production Shutdown/Cutover Schedule (Jan. 10, 2023) IRS webpage Announcement The IRS has announced the production schedule for filing Affordable Care Act (ACA) 2022 information returns electronically through the ACA Information Returns (AIR) System, with the 2023 filing season beginning on January 13, 2023.

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2022 and 2023 Electric Vehicles Tax Credits

LSLCPAs

Many of our clients own or want to buy a plug-in electric vehicle (EV) or Fuel Cell Vehicle (FCV). And we’ve gotten a lot of questions about how this affects taxes as we embark on tax season. Most importantly, the IRS has changed the “New Clean Vehicles” tax credits for 2022 or before, and 2023. The post 2022 and 2023 Electric Vehicles Tax Credits appeared first on LSL CPAs.

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How to go global in the tech sector

Menzies

Menzies LLP - A leading chartered accountancy firm. Sam Goodsell – Director The key to going global in the tech sector is both in the planning and seeking of advice where expertise is not held internally within the business. As key members of the HLB International network we are connect to over 150 local accounting and advisory firms which we regularly work with to overcome many of the steps which we’ve explored here.

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Are You Tax Time Ready? Here Are 8 Tax Planning Strategies to Get Started

Patriot Software

Tax season sneaks up fast. For many business owners (and individual tax filers!), it’s an overwhelming whirlwind. At the end of it, you may vow to prepare better for next year. And then … whoops! It’s next year already. Kick procrastination and stress to the curb with these tried-and-true tax planning strategies.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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6 Tips to Eliminate Client Emails From Your Inbox

Ryan Lazanis

Are you overwhelmed by the hundreds of client emails you get every day? In this episode, I’ll give you 6 tips for taking back control of your inbox to keep “overwhelm” at bay. Listen Below. 0:31 – How the heck do I stop the never-ending barrage of emails coming from my clients? 1:23 – This firm owner has drastically eliminated the vast majority of his client emails. 1:39 – The solution to eliminating these emails really comes down to a combination of having th

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How to Survive Tax Busy Season: Tax Season Tips and Apps

Snyder

Tax season is the time when accounting firms and CPAs earn the biggest part of their profit. At the same time, it’s the most stressful period for them. The amount of work drastically increases, as well as the time pressure and mental load. Surviving tax season is a skill that any accountant has to develop, and the earlier, the better. The general workload of the busy period includes getting the end-of-year info from clients, reconciliation, working with tax receipts, income reporting slips, prep

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AICPA & CIMA to Sponsor Inaugural IFRS Sustainability Symposium

CPA Practice

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, will be key sponsors of the first IFRS Sustainability Symposium , which will be held next month in Montréal, Canada. AICPA & CIMA’s role as the Feb. 17 event’s platinum sponsor reflects their continued commitment to fostering high quality sustainability accounting and reporting through guidance and professional development resources, as well as their support for clear and globally consi

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What Are Prescription Drug and Health Care Spending Reports and When Are They Due?

ThomsonReuters

QUESTION: We’ve heard that the requirement to report prescription drug and health care spending to the government has been delayed. What are the reporting requirements and when are the reports due? ANSWER: Legislation passed in 2020 requires group health plans and insurers to annually report prescription drug and health care spending, premiums, and enrollment information to the government (see our Checkpoint article ).

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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2023 NJCPA Convention & Expo

CPA Practice

Break through barriers that stand between you and your success. The pace of change in our profession is not slowing down, and we need to intentionally seek opportunities to grow and achieve more. At the NJCPA 2023 Convention & Expo, you will discover new ways to enhance your business, organizational culture, client service and professional development.

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Things I Have Learned About Fraud

FraudFiles

After more than 25 years conducting fraud investigations, I have learned a lot about fraudsters, their methods, and the companies they work for. Hotlines cut fraud losses in half. Anonymous reporting mechanisms like fraud hotlines decrease the cost of internal fraud.

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Online Marketplace Platforms – now on HMRC’s radar

Menzies

Menzies LLP - A leading chartered accountancy firm. Commencing on 16 January 2023, HMRC has started to issue letters to taxpayers who they believe have undisclosed income from their online trading activities. The letters are based on third-party information HMRC has obtained and should not be ignored, even where the taxpayer believes the information HMRC holds is inaccurate or incomplete.

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Court Holds That Health Insurer’s TPA Activities Are Subject to ACA Section 1557

ThomsonReuters

C.P. v. Blue Cross Blue Shield of Ill., 2022 WL 17788148 (W.D. Wash. 2022) In a class action lawsuit brought by a transgender individual and his parent, a federal trial court has held that an insurer, acting as a third-party claims administrator (TPA) for self-insured health plans, violated Affordable Care Act (ACA) Section 1557 when it administered discriminatory plan exclusions of coverage for gender-affirming care.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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.