Mon.Jan 23, 2023

article thumbnail

Personal Cybersecurity Habits You’re Overlooking

Withum

As users or end-users in IT terms, we often receive notices and trainings to keep our company and client data safe. These tips are always helpful, yet the information does not readily translate to personal cybersecurity diligence. Our accompanying podcast, “Personal Cybersecurity Habits You’re Overlooking,” solicits advice from Withum’s Julie Tracy , Executive Cybersecurity Advisor.

CPA 135
article thumbnail

New Approaches to Audits Gain Ground

CPA Practice

By Tod McDonald. With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. In short, with interest rates on the rise and recessionary fears growing, the tide is, at long last, going out — and when the tide recedes is when we see what truly lies beneath.

audit 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Monday Morning Accounting News Brief: PwC Partner Banned; Salary Predictions; Public Accountants Have Had It | 1.23.23

Going Concern

Last week someone complained about the format I’ve been using for this linkwrap since I started doing it many, many Mondays ago so just for them, here’s some bullet-free bullet points in lieu of one giant paragraph. Don’t say I never did anything for you. Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would n

article thumbnail

How to Ask for a Five-Star Google Review

CPA Practice

With tax season about to hit full swing, now’s the time to ask clients for a five-star Google review for your firm. Asking clients for reviews can feel awkward. In general, though, people love to brag about great customer service. They might just need a little reminder to do so. This Forbes article states why. “Statistics show that 92% of business-to-business (B2B) buyers are more likely to purchase after reading a trusted review, and displaying five product reviews can increase conversion rates

B2B 116
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

The small business guide to MTD for VAT penalties

Xero

This blog was first published in April 2022 and updated in January 2023. If you’re a VAT-registered business , you may have received a letter or email from HMRC, informing you that the new penalty system for Making Tax Digital (MTD) for VAT is now in place. Arriving at the beginning of this year, the system is described as simplified penalties for late VAT submissions and payments, with a goal of making these fairer and more proportionate for customers.

article thumbnail

Will the Increase in the Teacher Tax Deduction Really Help Educators Much?

CPA Practice

By Elizabeth Heubeck, Education Week, Bethesda, Md. (TNS) It’s tax season. And while this declaration usually comes with a collective groan, K-12 educators have a little something to celebrate on the tax front this year. For the first time since the IRS enacted the educator expense deduction in 2002, the agency raised it from $250 to $300 for the current tax-filing season.

Education 115

More Trending

article thumbnail

Most Business Chiefs Expect Bleak Economic Outlook for 2023, PwC Survey Finds

CPA Practice

Courtesy of Tribune News Service An overwhelming majority (73%) of CEOs surveyed expect global economic growth to decline over the next 12 months, a new PwC survey launched at the World Economic Forum (WEF) in Davos showed on Jan. 16. The PwC Global CEO Survey, which polled 4,410 CEOs in 105 countries and regions in October and November 2022, also revealed that 40% of the CEOs saw inflation as the top global threat, while 31% chose macroeconomic volatility, and 25% chose geopolitical conflict.

110
110
article thumbnail

Jane Maddox, Merella Schandl and Stephanie Jones Named Principals at Anders

Anders CPA

Anders proudly announces the promotion of Jane M. Maddox, CPA in tax, Merella Schandl, MHA, CPMSM, CPCS in health care and Stephanie H. Jones, CPA in audit and assurance to principals at the firm. The promotions were announced at the Anders annual January firm meeting. As principals, they will lead a team, consult with clients and devise strategies to create more efficient processes for both.

article thumbnail

QuickBooks, Mailchimp to Host Fireside Chat for Black History Month

Insightful Accountant

The virtual fireside chat, which highlights the challenges and courage of small business owners, features actress Issa Rae, and TV host and former NFL player Nate Burleson. Get the details for the Feb. 1 event here.

article thumbnail

Withum Hosts Local Vocational Cyber Students

Withum

Withum Welcomes Morris County Vocational School District Cybersecurity & Information Protection Program Students to Top-of-the-Line Cyberspace. On Friday, January 13, Withum hosted students from Morris County Vocational School District to learn about a day in the life of cyber professionals, complete with a tour of the state-of-the-art facility, including its threat-tracking room, data destruction equipment and artifacts from influential cyber cases.

article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

article thumbnail

The 259th Largest Accounting Firm Is Paying For Unlicensed Staff to Pursue a Master’s at the 87th Best Online Business School

Going Concern

Tiny little Southfield, MI firm Clayton & McKervey won’t be making Vault prestige lists any time soon but it is doing something to support its people through the process of getting the necessary 150 units for licensure: offering scholarships. Ranked #259 on the INSIDE Public Accounting Top 500 with revenue of $16,392,083, Clayton & McKervey has partnered with U.S.

article thumbnail

Thieves are Stealing California Rebate Cards

CPA Practice

By Jon Healey, Los Angeles Times (TNS). To ease the pain caused by high gasoline prices, the state of California has been sending a Middle Class Tax Refund of $200 to $1,050 to eligible households. Unfortunately, a portion of that amount has wound up in the hands of thieves. The thefts have targeted Californians who received their grants in the form of a prepaid debit card distributed by the Money Network , a contractor for the state Franchise Tax Board.

article thumbnail

How Many Employees Does a Small Business Have? (+ Industry and State Charts)

Patriot Software

Small businesses are the backbone of the American economy. The numbers don’t lie: 99.9% of American businesses are small businesses, and almost half (46.8%) of US employees work for small businesses. But what makes a small business small?

payroll 98
article thumbnail

Tax Pros Help Clients Deal with Smaller Refunds

CPA Practice

By Tim Grant, Pittsburgh Post-Gazette (TNS) The stimulus benefits that have been fattening income tax returns for the past few years are gone. But since the stock market didn’t do so well last year, investors who sold at a loss can at least expect a lower tax bill. “It’s a silver lining to a challenging economic time—that you may have less taxes to pay because your mutual funds didn’t earn as much in 2022 as they have in the past several years,” said Elizabeth “Li” Connolly, a partner at the Con

Tax 98
article thumbnail

Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

article thumbnail

The Ultimate Virtual Assistant for CPAs Guide

Ryan Lazanis

It’s my belief that hiring a virtual assistant for CPAs is one of the best choices you can make when scaling your firm. This guide will shed light on how a virtual assistant (VA) can help, what they can do, and where to find them. Let’s get started. Table of Contents What is a Virtual Assistant for Certified Public Accountants? What Can a Virtual Assistant Do at Your Firm?

cpas 97
article thumbnail

Certum Solutions Named Intuit’s 2022 Trailblazer of the Year

CPA Practice

Certum Solutions was named Intuit’s 2022 Trailblazer of the Year across the QuickBooks Solution Provider Program, and also recognized as a top seller in QuickBooks Online Advanced, QuickBooks Merchant Services, QuickBooks Online and QuickBooks Online Payroll for the Executive tier. The announcement was made at QuickBooks Connect, Dec. 7-9, 2022, in Las Vegas, NV.

article thumbnail

Developing Your Accounting Firm’s Plan

CTP

What are your accounting goals? Many firms want to grow and expand. However, other businesses want to focus on: Increasing profit margins Boosting net profit Growing revenue At the same time, owners often find themselves stressed because they don’t maintain a healthy work-life balance. As the tax season picks up, we recommend that you sit down and reflect on the past before diving into your goals for the future.

Account 96
article thumbnail

Arizonans Renting Homes During Super Bowl May Need a Permit and Face a Rental Tax

CPA Practice

As top teams battle for a place on the Super Bowl LVII field in Glendale, Arizona, many Arizonans in and around Glendale are preparing to rent apartments, houses, or rooms to out-of-town football fans. Short-term rental hosts that don’t already have an Arizona transaction privilege tax (TPT) license will need to obtain one from the Arizona Department of Revenue.

Arizona 85
article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

article thumbnail

NMTC Case Study for Commonwealth Crossing

Cherry Bekaert

Project Commonwealth Crossing Business Centre (CCBC) is a modern business and technology park designed to attract major manufacturers with the potential to add value to the local economy and create thousands of new jobs. A key component of securing business investment is ensuring that the Henry County region has an ample supply of skilled labor. Target industries, such as food processing, operate in highly sterile environments with stringent procedures that employees must know and follow.

article thumbnail

January 2023 NFP Accounting Kickoff

Accounting for Good

The post January 2023 NFP Accounting Kickoff first appeared on ACCOUNTING FOR GOOD.

Account 52
article thumbnail

NMTC Case Study for Brown Packing

Cherry Bekaert

Project Gaffney, South Carolina, located in Appalachia, has long been home to low or no skill manual labor jobs associated with the textile and farming industry but in the 1980’s this rural area began to suffer from the overall offshoring of those jobs. As the automotive industry has back-filled with mid/high skill level jobs, the working poor of Gaffney have not had the skills necessary to rejoin the workforce.

article thumbnail

Why Now is the Time to Add Financial Planning to Your Firm

Insightful Accountant

FFP Wealth Management's Joseph Graziano on why financial planning is something you need to consider even if you decide not to expand into it now or this year.

52
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Valuing IP can bring tangible business returns

Menzies

Menzies LLP - A leading chartered accountancy firm. As featured in freshbusinessthinking.com Intellectual property may be an intangible asset, but that doesn’t mean it can’t bring tangible returns. However, a report published by the UK Intellectual Property Office (UKIPO), has revealed that too few businesses are aware of the benefits that intellectual property (IP) valuation can bring.

article thumbnail

Certum Solutions Named Intuit’s '2022 Trailblazer of the Year'

Insightful Accountant

The award-winning QuickBooks Bookkeeping Solutions and consulting practice also received top seller distinctions in four QuickBooks service solutions.

article thumbnail

From Execution to Insight: How Fintech is Shaping the Future of Accounts Payable

CPA Practice

By Rick Fletcher. You have to spend money to make money. That’s an old adage, and it’s true. But actually making the payments takes up a lot of people’s time. It’s critical to your business operations, but it’s not why you’re in business. That means there are opportunity costs. You have to spend money on the spending of the money instead of on revenue-generating activities.

article thumbnail

How accounting software may hold the key to keeping on top of credit control

Accounting Insight

One of the first rules everyone learns about business is that you have to know how much money is flowing in and out. Speculations of whether the UK has been, or indeed will be in a recession may be placing many businesses in an uncertain position. As a result, businesses struggle to implement plans and create efficient processes during these uncertain economic times.

article thumbnail

How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

article thumbnail

20% of U.S. Business Plan to Reduce Staff; 12% Plan Increase

CPA Practice

By Reade Pickert, Bloomberg News (TNS). A new survey of business economists suggests U.S. job market conditions are beginning to soften, with firms indicating an easing of labor shortages and a pullback in hiring expectations. A National Association for Business Economics survey showed about a third of respondents say their firms are not facing any labor shortages, and nearly 20% expect employment at their company to fall in the coming months.

52
article thumbnail

Statutory Pay Rates from April 2023

Inform Accounting

The UK Government has published the proposed statutory rates for maternity pay, paternity pay, shared parental pay, adoption pay, parental bereavement pay, and sick pay from April 2023. The rates normally increase each April in line with the consumer price index (CPI) and the increase normally occurs on the first Sunday in April, which in 2023 is 2 April.

article thumbnail

Google Analytics Alternatives: How To Pick A Google Analytics Alternative For Your Business

Snyder

As a business owner, you know how important it is to track your website performance to understand how customers interact with your business through it, scale, and improve your operations. At this point, it’s highly likely you use Google Analytics as the most popular analytics tool. Its popularity is no surprise, as it offers the most comprehensive tool set one can use to set up and track a plethora of SEO and marketing KPIs and tweak your online presence on the go.

article thumbnail

Ban on single-use plastics in England

Inform Accounting

A range of polluting single-use plastics will be banned in England, Environment Secretary Thérèse Coffey has announced. The ban will include single-use plastic plates, trays, bowls, cutlery, balloon sticks, and certain types of polystyrene cups and food containers. This ban will be introduced from October 2023, allowing businesses time to prepare. According to estimates, England uses 2.7 billion items of single-use cutlery — most of which are plastic — and 721 million single-use plates per year,

article thumbnail

Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.