Mark Lee

AUGUST 23, 2022

One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. They are not alone. I know from my webinars and group sessions that plenty of sole practitioners are frustrated by the same issue. In each of the most recent cases I noted that the accountants had made similar mistakes.

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RogerRossmeisl

AUGUST 23, 2022

Excerpt of an article posted to the ARK Invest website on 7/15/22 According to the research of ARK Invest, during the next five years the auto industry as measured in units will grow, but as measured by enterprise value, it will shrink. In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 trillion.

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CPA Sales cpa firm 246

BurklandAssociates

AUGUST 23, 2022

Employee documentation can help your company raise that next round of funding and mitigate any allegations of unfair employment practices. The post Employee Documentation: Tips & Examples to Save Your Startup Money appeared first on Burkland.

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RogerRossmeisl

AUGUST 23, 2022

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Plus, businesses can turn to IRS guidance that applies to software costs.

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Tax CPA business tax 241

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TaxConnex

AUGUST 23, 2022

We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We are excited to work with GSCPA at these three events” explained TaxConnex Partner and Chief Revenue Officer, Brian Greer. “It’s been a long time since these events have been in person and we’re glad to be back out there speaking and meeting with our partners, clients, and future clients.

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RogerRossmeisl

AUGUST 23, 2022

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children. While some tax savings are available through this approach, the “kiddie tax” rules impose substantial limitations if: The child hasn’t reached age 18 before the close of the tax year, or The child’s earned income doesn’t exceed half of his or her s

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Tax CPA 240

IgniteSpot

AUGUST 23, 2022

What Is Virtual Bookkeeping? Virtual bookkeeping is the process of maintaining your financial records. It’s a lot like traditional bookkeeping, but what makes it special is that it’s totally online. Virtual bookkeeping is both flexible and convenient—no muss, no fuss with an in-person consultant or the usual paper trail—and provides access to expertise you may not otherwise find in your area.

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bookkeeping 98

BurklandAssociates

AUGUST 23, 2022

You most likely have bought yourself a short amount of time with this employee before the same issues that caused them to look happen again. The post Why Creating a New Job to Retain Someone Can Be a Bad Idea appeared first on Burkland.

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Intuitive Accountant

AUGUST 23, 2022

First in our Payroll and Benefits Software/Apps mini-series is ADP. From basic payroll to a full suite of HR tools, it offers services most small- to medium-sized businesses need.

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payroll 94

Patriot Software

AUGUST 23, 2022

If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below. 5 State tax systems If […] READ MORE.

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Tax Account accountant accounted 95

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.

Intuitive Accountant

AUGUST 23, 2022

Newly released Ignition research helps quantify the financial and mental cost of avoiding or delaying uncomfortable discussions in the professional services industry.

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GrowthForceBlog

AUGUST 23, 2022

7 min read. In life, we encounter and assess risk all the time. In fact, for human beings, risk assessment and risk-taking are somewhat second-nature since we constantly evaluate situations and play-out potential futures in order to make decisions.

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AccountingDepartment

AUGUST 23, 2022

One of the best ways for a business to improve its productivity and efficiency is through automating processes that help a company accomplish more and advance its goals. NetSuite automation can provide all of that and more by making processes faster, improving morale through better efficiency, and shifting important resources to areas where they are more valuable.

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NetSuite Technology Account accountant 61

Withum

AUGUST 23, 2022

It will surprise no one that taxpayers are always looking to minimize their tax bill. It’s the means that is used to minimize the tax bill that gets people in trouble. The biggest hammer the IRS has is a Fraud Referral to the Criminal Investigation Division. The Internal Revenue Manual addresses a number of the actions that a taxpayer can take that may be considered fraudulent.

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Account accountant accounted tax return 59

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

Technology

Intuitive Accountant

AUGUST 23, 2022

The cloud ERP company demonstrates its commitment to improvement with semiannual product update that improves usability, breaks geographic boundaries and enhances vertical targeting.

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Patriot Software

AUGUST 23, 2022

As a small business owner, you already have enough on your plate. There’s no reason to hold on to accounting software that doesn’t meet your needs. Changing accounting software can make your business’s day-to-day run smoother than ever. So, how do you do it? Read on for the scoop. Reasons for changing accounting software There’s […] READ MORE.

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accounting software Account accountant accounted 52

DMCL

AUGUST 23, 2022

DMCL is proud to announce our role as the Presenting Sponsor for the 2022 Greater Vancouver Food Bank ‘s (GVFB) Fore for Food annual fundraising tournament on August 24, 2022 at Golden Eagle Golf Club. At the heart of our firm, we’re a group of people who live, work and play in our communities. Recognizing this, it’s important to us that we take care of the places that we call home.

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Patriot Software

AUGUST 23, 2022

Did you pay any vendors this year? There are many types of payments, ranging from rents to prizes and awards. And if you did pay a vendor, you might be required to file Form 1099-MISC. So, what is IRS Form 1099? What is IRS Form 1099? IRS Form 1099 is a series of tax form […] READ MORE.

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Technology

Going Concern

AUGUST 23, 2022

Here’s a fun one from Fishbowl today: Thankfully someone pointed out how bizarre it is for someone to have worked at Big 4, a small firm, and GT, BDO, and RSM. OP clarified that they only worked for Grant Thornton — which they called “awful and primitive” — and lumped similar size firms together as an example of the type of firm they had experience working for.

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Canopy Accounting

AUGUST 23, 2022

The right software integrations can cut costs, increase productivity, and expand seamless communication across your accounting firm. Looking for the right practice management software for your accounting firm? Be sure to check out the integrations. Here are 3 integrations your practice management software needs.

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KROST

AUGUST 23, 2022

There are many factors in determining whether you are a California resident. However, if you’re looking to move out of the state, there are a few things to keep in mind. Do’s: • Either sell your California residence or make sure you can support the reason why you still own it for investment or rental Read the full article. The post Do’s and Don’ts of California Non-Residency appeared first on KROST.

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California Tax 52

Accounting Insight

AUGUST 23, 2022

New research by Ignition uncovers the financial and human cost of avoiding or delaying awkward client situations in the professional services industry. According to 85 per cent of accountants and bookkeepers surveyed in a new report, unrecovered out of scope work is costing UK firms on average £69,957 each year. What’s more, by putting off awkward client conversations, a third (33%) say their mental health has suffered as a result.

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bookkeeping Account accountant accounted 52

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Technology

Snyder

AUGUST 23, 2022

Introduction. The automated accounting system is up and running, and you’re already seeing the benefits. You’ve got more control over your business’ finances than ever before, which means you can be more confident about making decisions. You’re also not wasting time on manual tasks that could be done faster with automation—time that can now be spent doing other things (like spending money on things other than accounting).

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Basis 365

AUGUST 23, 2022

It is essential to keep up with your business expenses to manage cash flow and maximize tax deductions. But, how can you do this tedious task effectively when so many other jobs exist? Here are nine questions to help reduce the chaos and keep your business expenses on track. Q1 - What's your burn rate? Payroll, software, and other business costs can quickly add up.

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Accounting Today

AUGUST 23, 2022

audit 101

audit 101

Accounting Web

AUGUST 23, 2022

Clients Avoiding Awkward Client Conversations is Costly.

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Accounting Today

AUGUST 23, 2022

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Tax corporation tax audit 99

Wendy Tietz

AUGUST 23, 2022

A calendar year runs from January 1 to December 31 each year. Companies are allowed to select a fiscal year that is different from the calendar year, which means not all companies’ financial statements cover the calendar year of January 1 through December 31. Here is a list of a variety of companies and their […].

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financial statements financial accounting Account accountant 40

Accounting Today

AUGUST 23, 2022

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Withum

AUGUST 23, 2022

There is a lot of chatter about the $80 billion of increased funding for the IRS in the Inflation Reduction Act, which President Biden signed into law on August 16, 2022. The burning question on everyone’s mind is whether the $80 billion of increased funding for the IRS will meaningfully increase IRS audit rates. The short answer is yes, it will, but don’t expect it to happen overnight.

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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.

Finance