Wed.Jul 27, 2022

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Administration for not-for-profit organisations

Accounting for Good

The post Administration for not-for-profit organisations first appeared on ACCOUNTING FOR GOOD.

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Your Favorite Accountants in Pop Culture | Canopy

Canopy Accounting

Have you ever wondered how the rest of the world views your job? Entertainment can sometimes give us a peek through that window. Usually, when we want to plug into TV or movies, it’s to escape our daily lives. But, sometimes, it can be fun to watch shows about our lives, especially our work lives! There’s shows about doctors, lawyers, IT teams, journalists, government officials and a myriad of other professions.

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Building and leveraging a trusted support network as a business owner

Reckon

As a small business owner, it’s exceptionally common to become overwhelmed by the reality of an all-consuming professional life. To combat this stress, it’s important to conjure the ability to build a support network around yourself. Here at Reckon, we recently reached out to some of our customers to get a firmer handle on how real small business owners have created supportive mechanisms to help them manage the stress.

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Deloitte Has Calculated the Tangible and Intangible Value of the Roman Colosseum Because of Course They Did

Going Concern

Deloitte got their calculators out and put a dollar value on The Colosseum of Rome, the largest amphitheater built during the Roman Empire, the largest standing amphitheater in the world today , and top Italian tourist destination. Despite listening to Tiziano Ferro for 20 years, my Italian sucks so here’s Google’s translation of the newly released report : The Colosseum contributes 1.4 billion euros per year to the Italian economy (in terms of contribution to GDP) as a tourist-cultu

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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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How Can SMEs Control Cloud Scale to Minimise Cost?

Accounting Insight

In the Cloud Industry Forum’s recent research paper The Transformational Impact of Cloud , there are many positive takeaways when it comes to UK companies’ progress and cloud adoption. 93% of respondents said that the cloud is important to their company’s digital transformation strategy, with 72% considering it either very important or critical. When it came to naming benefits, respondents cited greater business agility (52%), improved scalability (48%) and better business resilience (45%) as th

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Mass Exodus at KPMG or Just a Day Ending in Y?

Going Concern

Meanwhile, in the Asia-Pacific (India, we think)… Twelve years ago my esteemed former colleague Caleb Newquist got clowned for calling six resignations at KPMG NYC an exodus so we’ll refrain from warnings about skies falling down for now. The post Mass Exodus at KPMG or Just a Day Ending in Y? appeared first on Going Concern.

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ESG in the Lodging Industry: Building a Sustainable Business Model 

Withum

Amid a recovering post-pandemic industry, lodging businesses are increasingly considering a strong Environmental, Social and Governance (ESG) framework to create value for customers and stakeholders. Sustainability in hospitality is being driven by an increase in awareness about the state of the world – including environmental, social and governance issues.

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How to Adapt Your Pricing for Inflation

GrowthForceBlog

5 min read. We are indeed in the midst of inflationary times. In June the U.S. Bureau of Labor and Statistics measured the inflation rate rising to 9.1%, a new 40-year high. [1].

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Will There Be a U.S. Global Minimum Tax?… Not So Fast

Withum

There has been much discussion around proposed U.S. tax legislation to modify the current GILTI regime so that it meets the requirements of a “Global Minimum Tax” under the OECD’s Taxation of a Digital Economy Pillar II. One of the key components of this legislation would increase the minimum tax paid on GILTI from 10.5% to 15%. . Senator Joe Manchin does not support this proposed change, effectively blocking the possibility of this legislation making it through the legislative process.

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Is It Time to Renovate Your Practice?

Going Concern

Remember those home renovation reality shows that were all over the place in the 2010s? The formula was always the same: find the jankiest, most run-down home on the market, gut it, and somehow end up with a beautiful property that more than made up for the renovation costs upon sale. The “before” homes are always in dire shape; tragic and dated layouts, crumbling roofs, pests, you name it.

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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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17 Reasons Why Bookkeeping Is Important for a Small Business  

MazumaBusinessAccounting

As a small business owner, you already have a lot on your plate. And while bookkeeping is integral to any business, most business owners aren’t experts. A simple mistake can lead to loss of revenue and investors, and tax filing errors. Accurate bookkeeping can mean the difference between success and failure for many businesses. So what is bookkeeping, and why is bookkeeping important for a small business?

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This EY Canada Recruitment Video Said ‘Belong’ So Many Times the Word Lost Its Meaning

Going Concern

You ever repeated a word so many times in a row the word becomes alien? Belong. Belong. Belong. Belong. Belong. Belong. Belo… The post This EY Canada Recruitment Video Said ‘Belong’ So Many Times the Word Lost Its Meaning appeared first on Going Concern.

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How to Forecast Revenue Accurately

Basis 365

Businesses need to forecast revenue to see what the future holds. This gives a clear picture of the company's financial position, helps identify potential risks, and allows owners and managers to adjust the business plan each year. It not only helps the business owner but revenue forecasting also makes the business more attractive to potential investors.

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BDO USA Had a Pretty Good 2022 Revenue-Wise

Going Concern

One year after cracking $2 billion in revenue for the first time, BDO USA added another 25% to that total during its fiscal year 2022 which ended on April 30. BDO reported revenue of $2,490,400,000 in 2022, up from $2,000,300,000 in 2021. It ’s the 10th year of revenue growth under CEO and leader of the Little Dippers Wayne Berson. BDO will likely remain the sixth largest public accounting firm in the US in terms of revenue, behind the Big 4 and RSM US.

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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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Bookkeeping Tips for Construction Businesses

Steve Feinberg

Running a construction business isn’t like running other goods or services-centered businesses. Shifting costs, increased liability, and a job-centric pricing model are just some of the major differences that make contracting a unique business—and unique businesses require a different approach to their bookkeeping. From taxes to job pricing to payroll, good bookkeeping is more than just tracking receipts, it can make your business more efficient and profitable while keeping you out of trouble wh

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Struggling with spiralling arrears? How to navigate a cashflow crisis

Menzies

Menzies LLP - A leading chartered accountancy firm. Many small and medium-sized retailers are facing spiralling arrears as they struggle to keep up with rent, Crown debt and loan repayments, which have been building during the pandemic. Spotting the signs of trouble earlier on and adopting a proactive approach to managing cashflow and communicating with lenders, can rapidly improve their chances of riding out the financial challenges ahead.

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E-Commerce Bounce Rate Benchmark

Snyder

Your e-commerce bounce rate is an all-important metric and shows how many visitors you work so hard to attract that bounce away from your pages without spending a cent. Business insights report software is a simple way to set a benchmark bounce rate and track performance to identify golden opportunities for improvement. In this guide, we’ll talk about setting a benchmark (and why you should) and some of the most influential factors that drive customers away.

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Introduction to B2B E-Commerce

Menzies

Menzies LLP - A leading chartered accountancy firm. B2B means that you are selling your products to other businesses rather than B2C which is selling directly to individual consumers. There are some key differences between these two different markets in terms of their expectations and their buying behaviour which means you need to deploy different strategies.

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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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Current State of Travel for Team Retreats

Summit CPA

The Virtual CPA Success Show: Episode 59. As the whole team checks in at Nashville today for Summit's All-Team Retreat, let's talk more about retreats! In this episode, Jamie Nau, our host and Summit CPA's Director of Accounting/Virtual CFO, and Jody Grunden, our CEO and Co-founder, is back with Lillian Hocevar , our Travel Advisor, to talk about how the travel industry has changed since 2020 and what impact it has on team retreats.

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Boomer’s Blueprint: A trusted business advisor’s guide to the Four Cs

Accounting Today

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7 Ways to Create an Accessible & Inclusive Firm

Accounting Web

Practice Excellence 7 Ways to Create an Accessible & Inclusive Firm.

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No innocent spouse relief for payroll taxes

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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AICPA Pushes Congress on Disaster Retirement Savings Act

Intuitive Accountant

The American Institute of CPAs urges Congress to include Disaster Relief Provision in the Bipartisan Retirement Bill.

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SEC chair Gensler calls for stronger audit rules on SOX anniversary

Accounting Today

audit 101
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Your Guide to Virtual CFO Services: Everything You Need to Know

Ryan Lazanis

Offering virtual CFO services is a great way to help small businesses and startups manage their finances. These services can help businesses level up with financial reporting, planning and forecasting, and more. In this guide, I’ll discuss: What virtual CFO services are. The different services offered within them. The benefits of offering and using them.

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SEC tip line was meant to stop another Madoff. Is it working?

Accounting Today

Account 101
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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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Handling Foreign Currency Transactions with Synder Multi-Currency

Snyder

The growth in e-commerce has recently been given a significant boost, drastically increasing competition in the domestic market. It was only logical for businesses to start exploring ways of reaching new customers and expanding into new online markets. And the emergence of new e-commerce channels and solutions has made cross-border trade more accessible. .

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SSH co-MP Stan Lazar mourned by colleagues

Accounting Today

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Tax Guide for Small Businesses: How Much Should You Save for Taxes?

MazumaBusinessAccounting

Running a small business has its pros and cons. It can be incredibly freeing to be your own boss, but doing your own self-employment taxes? That can be intimidating. All businesses need to pay annual taxes. If your small business expects to owe more than $1,000 in federal taxes, you’ll also need to pay quarterly taxes. There are several ways to calculate how much (and when) you need to pay.

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Fine-tune your workflows

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.