Fri.Jan 27, 2023

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Payment Link Payments Benefits: How Customers Can Pay With Payment Links

Snyder

Today more and more businesses understand the virtue of going digital and enabling online sales. So it’s time to reflect on the customer experience with purchasing your products or services online. The payment process is one of the cornerstones of successful sales, and you need to approach it wisely to ensure your customers have a good experience with your payment process.

Maine 52
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The treasury function: Its role in protecting financial resources.

Airbase

According to the Global Corporate Treasury Survey , treasury departments increasingly recognize the strategic nature of their role. The survey revealed that the majority of participants consider “managing liquidity risk and overseeing financial risk management” to be crucial priorities. Additionally, improving cash forecasting and streamlining operations are significant concerns.

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Highlights of SECURE Act 2.0 for Individuals

CPA Practice

SECURE Act 20 is finally here. The long-awaited upgrade to the initial legislation known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019, was signed into law on December 29, 2022. SECURE Act 2.0 includes numerous significant provisions affecting individual retirement savers. Following is a brief roundup of several key changes.

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If This Person Can Pass the CPA Exam, So Can You

Going Concern

I was cleaning out pics on my phone and was reminded of something I saw on Reddit a few weeks back: a screenshot of someone’s many, many, MANY CPA exam attempts over twelve years. Most people would have given up around the tenth attempt but this person persisted. And persisted. And persisted. So if you are still hurting from the January 10th score release just remember, the only way to fail forever is to stop trying.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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6 SECURE Act 2.0 Changes to Plan for in 2023

CPA Practice

By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA. Three years after the Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted, SECURE Act 2.0 is now law, with the goal of “securing” American workers’ retirement options well into the future. With the act containing upward of 100 new retirement provisions, here are six of the most notable changes taking effect this year.

Illinois 119
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Seven Tips To Help Your Construction Business Adjust For Inflation

Randal DeHart

Inflation has ballooned worldwide in recent months, and there's no question that small construction businesses are feeling the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. This can lead to operating at a loss - spending more money than you make. Otherwise, you will eventually run out of cash reserves and be out of business.

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It’s Time To Adopt the New Lease Standard

Withum

If you have not already taken steps to implement the new lease accounting standard ( Leases (Topic 842) or “ASC 842”), now is the time to do so. ASC 842 significantly changes the presentation of leases for leasees on the financial statements and expands related footnote disclosures. It is effective for nonpublic entities with fiscal year ends beginning after December 15, 2021.

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Know Your Small Business Tax Deadlines For 2023

Ronika Khanna CPA,CA

Somehow we are almost one month into 2023 (!) and it is time for business owners (and individuals) to start thinking about one of their favourite subjects i.e. taxes. I have compiled a list of the deadlines that all of you should know and also updated my annual business tax deadline calendar. Sign up to download our free Canada unincorporated business tax deadline calendar for 2023 or Quebec unincorporated small business tax deadline calendar 2023.

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The Technology Lab Podcast – Review of FileThis – Jan. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review FileThis , a cloud tool that digitally gathers personal or business financial documents, across all of the financial, sales and ecommerce sites you use. Click here to visit the podcast page.

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Salesforce AppExchange: What it is, Benefits,  and Tips

Accounting Seed

See how the Salesforce AppExchange can supercharge your business. The Salesforce platform has hundreds of useful features and components that help organizations provide exceptional customer experiences. However, not every aspect of a business is supported by the family of Salesforce products. For example, there’s no Salesforce application for accounting or for signing documents online.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Research: Working From Home Frees Up Two Hours a Week, Time Many People Spend Doing Work

Going Concern

The anti-WFH, pro-RTO propaganda has chilled out a bit in recent months as boomer and boomer-adjacent Gen X CEOs wait out the next big recession but even those pinstriped menaces in the C-suite who think all remote work is the domain of the lazy can appreciate this info we are about to share with you. We already know working from home saves time that would otherwise be spent commuting and putting on pants but just how much?

Education 114
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Salesforce AppExchange: What it is, Benefits,  and Tips

Accounting Seed

See how the Salesforce AppExchange can supercharge your business. The Salesforce platform has hundreds of useful features and components that help organizations provide exceptional customer experiences. However, not every aspect of a business is supported by the family of Salesforce products. For example, there’s no Salesforce application for accounting or for signing documents online.

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Friday Footnotes: Higher Salaries Lead to Higher Fees; EY Auditors Quit; Senator Rags on Greedy Accounting Firms | 1.27.23

Going Concern

Big 4 EY auditors escape potential Wirecard sanctions after leaving profession [ Financial Times ] Germany’s audit watchdog closed investigations against four current and former EY auditors involved in inspecting collapsed payments firm Wirecard after they handed back their professional licences and left the profession earlier this month. Under German law, Apas can only probe and sanction potential misconduct by active accountants who are enrolled in the country’s register of public accountants.

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