Wed.Jan 25, 2023

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Overcoming the Five Stages of Lease Accounting Grief

Going Concern

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!”

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Role of Accounting in Customer Experience

Lockstep

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.

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How to take advantage of ’10-Year Averaging’ in New Retirement Tax Rules

CPA Practice

At the end of December, 2022, Congress passed sweeping legislation affecting participants in qualified retirement plans, like 401(k) plans, and IRAs.

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Lockstep Inbox Product Updates 01.24.23

Lockstep

The Lockstep Team is excited to share some of the latest updates to the world’s first shared inbox designed for accounting, Lockstep Inbox.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Join this exclusive webinar with Dr. Karen Hardy, where she will explore the power of storytelling in risk communication as a core component of a resilient organization's management framework!

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Melio Now Integrates with Xero

Insightful Accountant

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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IRS Opens Free Online Portal for Businesses to File 1099 Forms

CPA Practice

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.

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More Trending

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Highlights of the SECURE Act 2.0 for Businesses

CPA Practice

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.

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US Small Business Sales Slow as Consumer Spending Tightens

Insightful Accountant

The recently released 'Xero Small Business Insights' reveals two slowest sales growth months since the start of 2021

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PKF O’Connor Davies Welcomes Massachusetts-based Archambault & Associates

CPA Practice

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, has announced that Archambault & Associates has joined the organization, effective January 1, 2023.

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How to Use Power Automate: Best Practices to Get Started 

Withum

Wondering how to use Power Automate or wondering what exactly it is?

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Automating Vendor Bills: Solving Six Major Pain Points for Small Businesses

Small business owners are looking to reduce manual work and manage people more efficiently. Manually keying invoice data, approving invoices and losing or hiring staff are just some of the pain points they experience when managing vendor bills.

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Maine Man Gets 33 Months in Prison for Misusing PPP Funds

CPA Practice

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.

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7 Typical Digital Marketing Mistakes to Avoid for a Small Business

Snyder

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.

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Xero Roadshow 2023: Every step counts

Xero

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.

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Tax checks for a taxi, private hire, or scrap metal licence

Menzies

Menzies LLP - A leading chartered accountancy firm.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

Join Wayne Spivak, experienced CFO and corporate finance expert, for an insightful discussion on managing cash flow and company profitability.

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Congress Fails To Pass Key Tax Extenders, Now What?

Withum

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.

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Contractor Business Systems Series: Part 5 – Earned Value Management System

Cherry Bekaert

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.

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Flying in private jets

Martin Quinn

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.

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RSM US Finally Might Be Taking Audit Quality a Little More Seriously, According to 2021 PCAOB Inspection Report

Going Concern

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.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

This exclusive webinar with Ryan McInerny will teach you all about cryptocurrency and NFTs! Register to learn more about identifying crypto transactions, crypto asset market trends, managing risk and compliance, and supporting customers and partners using crypto-based payments.

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Padgett & Padgett, PLLC CPA’s 7 Keys to Lowering Shipping Costs

SkagitCountyTaxServices

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).

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A Fresh New Look: SECURE Act 2.0

Patriot Software

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?

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Revenue Recognition for SaaS Companies

Shay CPA

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?

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OECD Pillar 2 – Global Minimum Tax: What Action Should You Take?

Menzies

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.

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

The largest banks have increased reserves for protection against deteriorating economic conditions. Should banks delay their digital transformation investments and focus on cost reductions? In this webinar, Alex Jiménez will walk us through that question and examine the prudent course of action.

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Improve Efficiency with Custom Software with Ian Robinson

Summit CPA

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.

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What are angel investors in the UK? How they can help grow your business

Wellers Accounting

Joe Lennon FCCA explains what angel investors are, and how they can help your early stage business.

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Nominate Your Marketer

RitaKeller

“Marketing’s job is never done. It’s about perpetual motion. We must continue to innovate every day.” — Beth Comstock, Former CMO & Vice Chair, GE I bet your firm has a great marketing director. You have a chance to recognize them. Here’s a press release from The Association for Accounting Marketing (AAM). Lexington, Ky. January 23, 2023) – The Association for Accounting Marketing (AAM) is seeking nominations for the 2023 Marketer of the Year award.

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Trends and Benefits in Smart Commercial Office Building Solutions

Withum

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.

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The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

In this session, Elizabeth “Paige” Baumann will cover the Anti-Money Laundering Act of 2020, which also includes the Corporate Transparency Act. She'll take a deep dive into the catalysts that brought on the act, the current implications of the act, and what impacts the act has on the future of banking and finance.

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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. Use the player below to listen to the podcast.

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AuditClub's Weekly Passes Offer 'Lifeline' to CPA FirmsStruggling for Talent

Insightful Accountant

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

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Deloitte Picks Jason Girzadas to Succeed Joe Ucuzoglu as CEO

CPA Practice

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.

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Why Outsourcing Your Accounting Reduces Risk

Basis 365

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.

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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.