Going Concern
JANUARY 25, 2023
When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!” The grief is understandable, although we’re not sure how “good” it is.
Insightful Accountant
JANUARY 25, 2023
Xero has announced an integration with Melio, a leading B2B payment platform that will permit the automatic sync of A/P and A/R data between the two small business solutions.
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CPA Practice
JANUARY 25, 2023
Businesses can now file Form 1099 series information returns using a new online portal—called the Information Returns Intake System (IRIS) —that was unveiled by the IRS on Wednesday. “The IRS is excited to offer any business, especially small companies, a great new way to electronically file their 1099s for free,” Acting IRS Commissioner Doug O’Donnell said in a written statement.
Xero
JANUARY 25, 2023
This February, we’re pumped to be hitting Australia’s major cities and regional towns for – you guessed it – Xero Roadshow 2023! From Geelong to the Gold Coast and Parramatta to Perth, we’ll be touring 17 locations between 7 to 27 February. Since we last hit the road in March 2022, the world has continued to experience lots of change (like talent shortages, rising inflation and cost of living pressures).
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.
CPA Practice
JANUARY 25, 2023
The new SECURE Act 2.0, enacted late last year as part of a spending measure, features several notable provisions affecting individuals saving for retirement. But the new law will also have a significant impact on employers providing qualified retirement plans to employees. Following are several key changes for small businesses included in SECURE Act 2.0.
Insightful Accountant
JANUARY 25, 2023
The recently released 'Xero Small Business Insights' reveals two slowest sales growth months since the start of 2021.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
JANUARY 25, 2023
Wondering how to use Power Automate or wondering what exactly it is? Power Automate is an incredible tool in the Microsoft Power Platform toolbox that can help your business automate tasks by creating low/no code flows, freeing up your team members’ time to work on challenges that require a human touch. Here are some valuable Power Automate best practices I have learned along the way that help me stay organized when constructing flows.
CPA Practice
JANUARY 25, 2023
By Judy Harrison, Bangor Daily News, Maine (TNS). The second Maine man who admitted defrauding a pandemic business loan program was sentenced Wednesday in U.S. District Court in Bangor to 33 months in federal prison. Craig Franck, 40, of Levant admitted in August that he used more than $300,000 from two loan programs authorized by Congress during the COVID-19 pandemic for bail on a theft charge in Florida.
AccountingDepartment
JANUARY 25, 2023
The accounting cycle is a multi-step process that involves accepting, recording, sorting, and crediting payments made within a business during a period of time. It creates an accurate record of the business's financials that are summarized on its financial statements.
Lockstep
JANUARY 25, 2023
Accounting is often thought of as a purely financial discipline, but its role in customer experience (CX) and providing customer delight should not be underestimated. In today’s competitive landscape, businesses need to go above and beyond to win customers over and keep them coming back. That’s where accounting comes in. With its unrivaled ability to track money flows and optimize financial processes, accounting can play a vital role in enhancing the customer experience.
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.
Withum
JANUARY 25, 2023
The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. businesses. Coming into the new year, business owners likely breathed a sigh of relief that no major tax legislation was passed. However, significant tax law changes embedded in the Tax Cuts and Jobs Act (TCJA) are impacting the 2022 and 2023 taxable years, leaving many business owners scrat
Cherry Bekaert
JANUARY 25, 2023
Stay Connected An Earned Value Management System (EVMS) refers to the software, processes, tools, templates and management controls a contractor uses to accomplish their earned value management activities in accordance with the guidelines established by the Electronics Industry Alliance (EIA) Standard 748. Earned Value Management Systems (EVMS) is the standard for DoD (Department of Defense) Earned Value Management System Programs and Defense Federal Acquisition Regulation Supplement (DFARS) 25
Going Concern
JANUARY 25, 2023
It’s been three and a half years since we first found out about the sexist seminar in which women in leadership positions at EY were told that women’s brains are like pancakes and soak up information like syrup. The exact quote from that training to refresh your memory: Women’s brains absorb information like pancakes soak up syrup so it’s hard for them to focus.
Withum
JANUARY 25, 2023
The commercial office real estate market has been undergoing an unprecedented number of disruptions and monumental transformations. Consequently, owners, investors, managers, and operators of office spaces might consider new strategies and innovative solutions, such as smart building technologies. According to real estate executives responding to a 2023 Deloitte Outlook Survey, approximately only 9% of their portfolio is currently comprised of smart building investments.
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.
Snyder
JANUARY 25, 2023
In the digital marketing world, there are always risks of making crucial digital marketing mistakes that can lead to a waste of money for your business. Implementing a carefully thought-out strategy to make marketing and accounting work together , e-commerce businesses can think that they’re on the right path. However, a bit later, they can find themselves dealing with significant errors and losses.
CPA Practice
JANUARY 25, 2023
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. Use the player below to listen to the podcast.
Martin Quinn
JANUARY 25, 2023
Typically the remit of the wealthy and political sphere, private jets are beyond the reach of most given their purchase price. Some corporates lease jets or hire them by trip. Of course, the question of how environmentally sound they are looms large. A recent Guardian article gives some good insights.
CPA Practice
JANUARY 25, 2023
Jason Girzadas, the managing principal of business, global, and strategic services at Deloitte, was selected earlier this month as the Big Four firm’s next US CEO. If his nomination is approved by a partner vote, Girzadas will take over as chief executive on June 4. In addition, Lara Abrash, current chair and CEO of Deloitte & Touche, the firm’s audit and assurance practice, will take over as chair of the Deloitte US Board of Directors on June 4, succeeding Janet Foutty, who opted not to see
Advertiser: Paycor
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Insightful Accountant
JANUARY 25, 2023
The new passes allow members to subscribe to AuditClub professionals with an experience level geared to the support they need during the upcoming busy season and beyond.
Going Concern
JANUARY 25, 2023
Based on the 2021 PCAOB inspection reports we ’ve reviewed so far, the audit firm that would win the “most improved” award is RSM US. From 2017 to 2020, RSM had an average yearly audit failure rate of 42%, including failing 46% of its audits reviewed by PCAOB inspectors in 2020. But during the most recent inspection cycle, RSM cut its deficiency rate by half, according to its 2021 auditing report card from the PCAOB.
CPA Practice
JANUARY 25, 2023
AuditClub, the Audit Service Center and creator of the innovative auditors-as-a-service model, has announced new and enhanced weekly passes that allow members to subscribe to AuditClub professionals with an experience level geared to the support they need during the upcoming busy season and beyond. Members experience convenience and peace of mind by reducing the panic created by today’s talent exodus.
SkagitCountyTaxServices
JANUARY 25, 2023
Seen on Twitter this past weekend: Seems pretty typical with the way the IRS has operated over the past few years. If you’ve had any trouble with them processing anything of yours … well, that’s one explanation (and there are plenty more where that came from). But, now that they’re increasing staff with that big cash infusion from the American Rescue Plan, chances are, things will get better… right?
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
JANUARY 25, 2023
By Riley Beggin, The Detroit News (TNS) U.S. Sen. Joe Manchin, D-West Virginia, introduced legislation Wednesday to immediately end EV tax credits for vehicles that don’t meet federal battery and mineral standards. If enacted, the bill would make new electric vehicle tax credits—and their strict content requirements—go into effect without waiting for the U.S.
Patriot Software
JANUARY 25, 2023
The SECURE Act of 2019 gave employers new incentives to offer retirement plans. Now, the SECURE Act 2.0 promises to deliver even more. Passed by Congress at the end of 2022, the SECURE Act 2.0 is a new and improved version of the previous bill. So, what’s inside the new bill?
Shay CPA
JANUARY 25, 2023
Founders, as you embark on your journey of starting your SaaS-based business, one thing that will come up time and time again will be the concept of “revenue recognition.” That, of course, begs the question: what is revenue recognition? In short, it’s the process of recognizing revenue received from customers at the right time periods for financial statement purposes.
Menzies
JANUARY 25, 2023
Menzies LLP - A leading chartered accountancy firm. G20 and 136 OECD Members have agreed to reform global tax by establishing a 15% global minimum tax rate. The UK government announced (based on draft legislation) that from 31 December 2023, large multinational businesses with consolidated group revenues of at least €750m per year will need to apply Pillar Two’s “Income Inclusion Rule” (IRR).
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.
Basis 365
JANUARY 25, 2023
Outsourced accounting services can benefit almost every business, whether big or small. Outsourcing your accounting services will bring you many benefits, including lower overhead costs, increased reliability, and the expertise of a whole team of accounting professionals. In addition, outsourcing your accounting services can be especially beneficial because it lowers the risk.
Summit CPA
JANUARY 25, 2023
The Virtual CPA Success Show: Episode 72 In this episode, Jamie Nau, our host and Summit CPA's Director of Virtual CFO, and Jody Grunden, Partner at Anders CPAs + Advisors, talk with Ian Robinson, Founder and President of Enliven , a software company that builds custom software platforms to unlock sustainable growth for business. If you’re a business owner in need of updating or customizing your company’s software, this episode is for you.
Wellers Accounting
JANUARY 25, 2023
Joe Lennon FCCA explains what angel investors are, and how they can help your early stage business.
Lockstep
JANUARY 25, 2023
The Lockstep Team is excited to share some of the latest updates to the world’s first shared inbox designed for accounting, Lockstep Inbox. These enhanced features, included in the free application are designed to save you hours of manual processes every week, while enabling you to better collaborate across your accounting workflows. Approval Activity Improvements If you’re like most accounting teams, you spend a lot of time managing approvals.
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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