Fri.Nov 11, 2022

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Fraud is on the rise: Five Suggestions to Mitigate the Risk

Menzies

Menzies LLP - A leading chartered accountancy firm. The likelihood of fraud attempts against SME businesses is increasing constantly. This is in part due to the global integration of online systems so that they now form the backbone of most trading organisations. The current fraud environment is a hybrid of applying long established methods alongside the easy and worldwide access provided by the internet.

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TaxConnex™ Proud to Exhibit at Thomson Reuters SYNERGY 2022 Conference

TaxConnex

Alpharetta, GA., November 11, 2022 - TaxConnex™ , a technology-enabled sales tax compliance outsourcing provider, shared that they are exhibiting at Thomson Reuters SYNERGY 2022 Conference for Corporate Professionals November 13-16. Thomson Reuters SYNERGY 2022 Conference for Corporate Professionals is in Washington, D.C. at the Gaylord National Harbor.

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Friday Footnotes: Behemoth Big 4 Firms Get Behemothier; Audits Get Harder; Eliminate Clients! | 11.11.22

Going Concern

Ed. note: if you like accounting news, which you clearly do because you are reading this, we encourage you to sign up for our newsletter for even more accounting news. Oh and a hearty thank you for your service to the veterans out there. Hopefully some of you got the day off. Hiring. ‘There’s definitely an accountant shortage out there’: MBAs have become the go-to degree and companies are struggling to hire enough CPAs [ Fortune ].

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Xero Awards UK & Ireland: How to craft a winning award entry

Xero

Entries for the UK and Ireland Xero Awards 2023 are now open for our accounting, bookkeeping and app partners. Being an award-winning firm isn’t easy, and neither is writing an award-winning entry. So how can you put your best foot forward when crafting your award submission? In season one of Beyond Numbers – our new podcast for accountants and bookkeepers – we spoke to Pam Phillips, founder and managing director of award-winning small firm de Jong Phillips , who shared her advice on not just be

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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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A Guide To Construction Client Retention

Randal DeHart

Long-standing customers form the backbone of a robust and well-established business. Make it your mission to ensure that most of your current customers stay with your company for many years. Understanding the High-Profit Client Most of them have personality traits commonly known as drivers. Folks accustomed to getting things done quickly and efficiently do not mind paying professionals for servicing, repairing, remodeling, or building new construction projects related to their houses and commerc

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Prepare for Making Tax Digital for Income Tax with Xero’s ITSA Academy

Xero

From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. . As an accountant or bookkeeper, you will need to prepare yourself, your clients, and your practice for these changes. Xero’s 3-step ITSA academy has been designed specifically to help you prepare.

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At Least We Aren’t in Tech, Boast Smug Accountants Who Didn’t Get Laid Off Today

Going Concern

Accountants, your moment has finally come. From the moment you chose accounting as a major you have been relentlessly teased and taunted. “Why not law?” screeched your mother. “Haha BORING,” said your little brother. “So does this mean you can do my taxes?” teased your uncle who continues to ask you to do his taxes even though you’re now an audit manager.

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NEW VAT PENALTIES FROM 1ST JANUARY 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. Changes to the penalties chargeable for the late filing and payment of VAT returns come in at New Year. These appear to be fairer for the majority of businesses, but could penalise those claiming VAT refunds or submitting nil returns late unlike the current system. For VAT return periods starting after 1 January 2023, there will be a new penalty regime for the late filing and payment of returns, and also the calculation of interest.

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Begging for a Signing Bonus *After* Accepting an Offer is Not How This Works

Going Concern

A disappointed new Deloitte hire must have gotten wind that the firm offers signing bonuses if it ’s desperate for warm bodies , but this person wasn ’t presented with one when they accepted their job offer. So they went on r/Deloitte to ask for advice. And the responses this person got back are about what you ’d expect for this question. If you ’re this Green Dotter and you see this, and if you went against their advice and ended up asking someone in your office for a signing bonus, let us know

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Intuit's Ted Callahan on Why You Shouldn't Miss QuickBooks Connect 2022

Intuitive Accountant

Our sit down with the Director of Accountant Strategies is one of his interviews about the show he says will be unlike anything Intuit has ever produced. See why on the Insightful Accounting YouTube channel now.

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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 is the key to successful succession planning?

Menzies

Menzies LLP - A leading chartered accountancy firm. Post pandemic life has left many of us thinking more about our financial wellbeing, ensuring our assets are in good order during our lifetime but also our legacy. The key to effective inheritance and succession planning is generally to use a combination of lifetime gifting with the tax efficient transfer of assets on death.

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What Small Business Owners Need to Know About Pass-through Taxation

Patriot Software

Understanding your business tax obligations is not always easy. There are different ways a business can be taxed. One method of taxation is a pass-through tax. If you own a small business, you need to know about pass-through taxation. What is pass-through taxation? Some types of taxes skip over one entity and are passed onto […] READ MORE.

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How to Prepare Your Practice and Your Clients for MTD for Income Tax: In conversation with Edwards Greene

Accounting Insight

At Accountex Summit Manchester, Dorcas Mbwiti, Senior Product Manager at Wolters Kluwer Tax & Accounting UK took the opportunity to talk to Sarah Davy, Partner at Edwards Greene. In this Q&A, Dorcas interviews Sarah to hear more about the firm’s practical MTD roadmap and how it is getting its clients MTD for Income Tax-ready, with practice growth forefront of mind.

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How Don Draper Would Run His E-Commerce Store

Snyder

One of the most iconic characters in all of TV history has set the bar for how we perceive e-commerce and business. Don Draper’s charisma and style have transcended time and will continue to inspire generations to come. So, if you’re looking to start an e-commerce store or grow your existing one , then let us take a page out of Don Draper’s book and get inspired by his style and swagger below. .

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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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3 Minutes with Katharine Wooller

Accounting Insight

The next instalment of our ‘3 minutes with’ series is with none other than Katharine Wooller. Katharine is considered a subject matter expert in digital assets, and their speed of adoption in the financial world. She regularly comments for the mainstream British press and a huge variety of trade publications on cryptocurrency, appears on TV including for BBC world news and has won a number of industry awards both personally and for Dacxi as a business.

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20 Days to a Better Firm: Top tips for recruiting and retention

Accounting Today

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Identifying and Solving Your Document Management Pain Points | Canopy

Canopy Accounting

It’s crazy to think 58% of accountants say they have accidentally shared the wrong file with a client due to poor communication and storage issues.* The right software empowers you to level up document management at your accounting firm. When you improve your file management workflow, a ripple effect happens and you’ll find most other workflows at your firm are streamlined as well.

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ACCA appoints next global president

Accounting Today

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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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How does shifting the sales mix at Ford Motor Company to more F-150 trucks affect Ford’s break even sales volume?

Wendy Tietz

Ford Motor Company (FORD) sales jumped 31.5 % during June 2022 in the United States as compared to the prior month. Sales of Ford’s F-series trucks and the Explorer, Expedition, and Navigator SUV models drove the sales growth. According to a Bloomberg article (link) earlier this year, the F-150 Series product line is Ford’s most […].

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Unclear midterm outcome means uncertainty about taxes

Accounting Today

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On the move: NJCPA awards 10 members $750 toward CPA exam costs

Accounting Today

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Tech News: Intuit releases virtual expert platform

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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MassCPAs releases new video series 

Accounting Today

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Tax Fraud Blotter: Treasure this

Accounting Today

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New bill would increase state and local government financial transparency

Accounting Today

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Trump knew of alleged tax scam, controller says CFO told him

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.