TaxConnex
MARCH 23, 2023
Looking to find out more about TaxConnex? What better way than hearing from our founders and partners? Learn from the best by hearing from the ones that built TaxConnex. Over the last few months, we've been highlighting the Partners of TaxConnex. Finally, we have our Chief Operating Officer, Jackie Breiter! Can you tell me about your career leading up to TaxConnex?
CPA Practice
MARCH 23, 2023
By Joseph Bustos, The State (TNS) South Carolina’s top accountant Richard Eckstrom says he will resign effective April 30 after disclosing to state lawmakers that he inflated the state’s cash balances for a decade, eventually reaching about $3.5 billion. Richard Eckstrom In a Thursday resignation letter to Gov. Henry McMaster, the comptroller general reiterated his advocacy that the Legislature move forward on legislation for a constitutional change to make his position appointed by the govern
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Going Concern
MARCH 23, 2023
Accounting OG @twuench took a break from telling interns to get off his lawn and has shared this great busy season survival tip from his former direct report at PwC. Take notes, people. [link] IRS employees, y’all are out of luck sorry. Not like you’re allowed to partake anyway. The post Busy Season Survival Tip #626: Save Those Paperclips appeared first on Going Concern.
CPA Practice
MARCH 23, 2023
The IRS and the Treasury Department issued preliminary guidance on Tuesday that leans toward treating nonfungible tokens (NFTs) as a collectible for tax purposes. In a statement this morning, the IRS said: A nonfungible token (NFT) is a unique digital identifier that is recorded using distributed ledger technology and may be used to certify authenticity and ownership of an associated right or asset.
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.
AccountingDepartment
MARCH 23, 2023
As we move towards a more technology-driven world, it's important for business owners to adopt a "work smarter, not harder" mentality. One way to achieve this is through workflow automation with ERP software like NetSuite.
Going Concern
MARCH 23, 2023
It’s a rare day we write about Accenture but because the firms we do write about have begun tightening their belts and even cutting advisory people ( KPMG , BDO ), we thought it prudent to inform you of what appeared in the 10-Q the company filed yesterday. This is from Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations : While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
MARCH 23, 2023
Frequently Asked Questions About Medical Expenses Related to Nutrition, Wellness, and General Health (Mar. 17, 2023); IRS News Release IR-2023-47 (Mar. 17, 2023) FAQs News Release The IRS has issued FAQs that explain when certain costs related to nutrition, wellness, and general health are medical expenses under Code § 213 that may be paid or reimbursed under a health FSA, HSA, or HRA.
Insightful Accountant
MARCH 23, 2023
QuickBooks is rolling out new instant deposit features for its Payments and Checking customers, making it easier for small businesses to access their cash.
Accounting Seed
MARCH 23, 2023
As your business grows, you’ll want accounting software that allows you to dedicate more time to helping customers than inputting data or emailing teammates to ensure your information is the same. If you’re in search of accounting software that integrates with Salesforce, we’ll do you one better: Adopt Accounting Seed, which is built natively on Salesforce.
Insightful Accountant
MARCH 23, 2023
In recognition of the upcoming 'National Mom and Pop Business Owners Day,' Epson gleaned entrepreneurial insights on efficient processes, reliable technology and customer service.
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.
MineralTree
MARCH 23, 2023
You’re researching flights for that much-needed vacation and are presented with two options: a direct flight or a connecting flight. Which do you buy? Given a choice, most people opt for the direct flight because it’s faster and easier. Connections add unnecessary time, stress, and risk to a trip – even when everything goes according to plan. Layovers that go awry also create a domino effect, enabling one delay or missed connection to disrupt your entire itinerary.
CPA Practice
MARCH 23, 2023
As a high-growth firm or one reaching toward that distinction, you are likely to be focused on expanding your client base, increasing revenue, and driving business growth. In order to achieve those goals, your marketing efforts must be aligned with your company’s overall growth strategy. However, scaling your B2B marketing efforts can be challenging, as it requires a different set of skills and tactics compared to those used in the early stages of your firm.
inDinero Accounting
MARCH 23, 2023
Introduction In today’s competitive private equity (PE) landscape, portfolio companies (portcos) frequently confront significant obstacles in managing their finance and accounting functions. This comprehensive article delves into the underlying reasons for these challenges and presents practical solutions for PE firms and their portcos to streamline their finance and accounting processes, ultimately improving overall performance.
Snyder
MARCH 23, 2023
As a small business owner, making sense of the accounting basics and bookkeeping terminology might be giving you a little bit of a headache. At the same time, being able to successfully maneuver the world of accounting is crucial to the success of your business. That’s why in this article, we will cover an essential topic for every business owner: what the difference between accrual and cash accounting is, and how to choose the right method for your business.
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.
Patriot Software
MARCH 23, 2023
According to the Small Business Administration, 81.2% of large employers and 24.8% of small employers are corporations. Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return—Form 1120. Do you know how to fill out Form 1120?
CPA Practice
MARCH 23, 2023
The Financial Accounting Standards Board (FASB) on Thursday published an exposure draft of its proposed accounting rules on how companies should report certain types of crypto assets and digital currencies. Last October, the FASB recommended that fair value accounting was the right method for crypto assets, which was a noteworthy development because there currently are no accounting or disclosure rules specifically for crypto assets.
inDinero Accounting
MARCH 23, 2023
Introduction In today’s competitive private equity (PE) landscape, portfolio companies (portcos) frequently confront significant obstacles in managing their finance and accounting functions. This comprehensive article delves into the underlying reasons for these challenges and presents practical solutions for PE firms and their portcos to streamline their finance and accounting processes, ultimately improving overall performance.
CPA Practice
MARCH 23, 2023
By Reade Pickert, Bloomberg News (via TNS). Sales of new U.S. homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year. Purchases of new single-family homes increased 1.1% to an annualized 640,000 pace after a 633,000 rate in January, government data showed Thursday.
Advertiser: Paycor
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.
Withum
MARCH 23, 2023
Many organizations receive, catalog, and produce large volumes of information but, unfortunately, do not leverage intelligent automation to manage that information which can lead to a lack of a centralized repository with consistent internal controls and best practices. Some solutions for this problem are not easily customized, are cost-prohibitive, and do not lend themselves to integration and transparency.
Anders CPA
MARCH 23, 2023
Hackers and cybercriminals’ methods have become more sophisticated within the last 10 years, but not every business has the updated cybersecurity network necessary to reduce their vulnerability to attack. But Who’s Counting? host David E. Hartley discussed the need for businesses to overhaul outdated security systems to a strong cybersecurity policy with Anders Principal and Director + Technology Jason N.
CPA Practice
MARCH 23, 2023
The Paychex Charitable Foundation , a part of Paychex, Inc. , will provide a $1 million grant to Mental Health America (MHA) to support the organization’s work raising awareness about the importance of prioritizing mental health care. The grant, which allocates $250,000 annually over the next four years, focuses on improving access to mental health education and resources in the company’s key markets across the U.S.
Anders CPA
MARCH 23, 2023
The collapses of Silicon Valley Bank (SVB) and Signature Bank magnified the uncomfortable challenges facing the banking sector, both domestically and abroad. Already, commentators and industry insiders have drawn comparisons to the 2008 recession and banking crisis, but despite emotional similarities, there’s very different causes driving this fraught 2023 banking cycle.
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.
CPA Practice
MARCH 23, 2023
By Augusta Saraiva, Bloomberg News (via TNS). Applications for U.S. unemployment benefits unexpectedly eased for a second week, underscoring a still-tight job market in which employers are reluctant to reduce headcount. Initial filings for jobless benefits fell by 1,000 to 191,000 in the week ended March 18, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 197,000 applications.
Anders CPA
MARCH 23, 2023
As the banking industry continues to adjust to the fallout from the collapses of several banks, including Silicon Valley Bank (SVB) and Credit Suisse, many businesses who bank with community and regional banks are unsure of how to proceed. Uncertainty abounds as the market decides whether the steps that have been taken to combat this wave of bank collapses is positive or negative.
CPA Practice
MARCH 23, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Acumatica , an easy-to-use and customizable cloud ERP system that helps improve profitability, efficiency, and more. Use the podcast player below to listen to the podcast.
ThomsonReuters
MARCH 23, 2023
QUESTION: We understand that SECURE 2.0 significantly expands the rules for self-correcting 401(k) plan errors. Can you tell us more about these changes? ANSWER: SECURE 2.0 (see our Checkpoint article ) expands access to self-correction for 401(k) plans in multiple ways. As of December 29, 2022, self-correction under the IRS Employee Plan Compliance Resolution System (EPCRS) may cover any eligible inadvertent failure that would disqualify the plan, unless (1) the IRS identifies the error befo
Advertiser: Paycor
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.
CPA Practice
MARCH 23, 2023
By Brian Niemietz, New York Daily News (TNS) The Securities and Exchange Commission said Wednesday it would accept settlements from celebrities, including Lindsay Lohan, who promoted cryptocurrency without disclosing they were being paid for their services. “On February 11, 2021, Lohan—a well-known actress, singer, and internet personality—touted on social media a crypto asset security that was being offered and sold,” the SEC said in a cease-and-desist order.
ThomsonReuters
MARCH 23, 2023
Federal Independent Dispute Resolution (IDR) Process Guidance for Certified IDR Entities (Mar. 2023); Federal Independent Dispute Resolution (IDR) Process Guidance for Disputing Parties (Mar. 2023) Guidance for Certified IDR Entities Guidance for Disputing Parties The DOL, HHS, and IRS have issued revised guidance implementing the independent dispute resolution (IDR) process used by plans, insurers, providers, and certified IDR entities in resolving claims for payment for out-of-network services
Withum
MARCH 23, 2023
Artificial intelligence has been making tremendous strides recently and is continuing to improve every second, including advancements in AI for business and AI for developers. There are several different ways that AI can help improve your day-to-day processes, like helping you create Power Apps applications, Power Automate Flows and even help with researching and writing documents.
Accounting Insight
MARCH 23, 2023
In the run up to Accountex London, our Meet The Brand series is back, to introduce you to some of the up and coming brands you can look forward to meeting at the show. First up is Pixie. A simpler practice management and workflow automation approach for small accounting and bookkeeping firms. Thousands of accountants and bookkeepers rely on it daily to manage work more effectively, scale their firms, and leave clients delighted.
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.
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