Tue.Nov 08, 2022

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What Is a Cash Flow Statement?

Patriot Software

Knowing how your business’s finances are going is one part of owning a small business. You should have the three main financial statements at your business: balance sheet, income statement, and cash flow statement. What is a cash flow statement? What is a cash flow statement? A cash flow statement, or statement of cash flows, […] READ MORE.

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Sales tax and crypto: Latest developments

TaxConnex

Most of us are familiar with the scrutiny placed on cryptocurrencies by the IRS. The next federal 1040 has an even longer set of probing questions about crypto transactions. How does sales tax fit into this? Sales tax when dollars and other “fiat money” are involved is clear: there is no sales tax due when acquiring the currency, and the currency can be used as legal tender to satisfy the purchase price of goods and services including any applicable sales tax due on the purchase price.

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The Typical Occupational Fraudster

Withum

Beware, your most trusted employees could be fraudsters. You trust your employees to perform their daily job functions properly. Maybe they are not. How can you tell? Continue reading to learn about who tends to commit the costliest frauds and the red flags to watch out for. In our previous two articles, 2022 ACFE Report to the Nations: Fraud Trends and Key Takeaways and Fraud: Is It Happening to You?

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How to streamline accounting processes—a step-by-step guide

ThomsonReuters

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But how do you take full advantage of technology to streamline accounting processes? . The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem.

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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.

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Some Partners at PwC Cyprus Did Not Want to Lose Their Russian Clients So They Started Their Own Firm

Going Concern

In March of this year, Deloitte Global posted a little message on its website about the then-developing situation in Ukraine saying the firm had “suspended business operations and client service in Ukraine as we focus on taking care of our people and their loved ones.” Within days, that message changed to saying they are “currently reviewing our business and presence in Russia,” making Deloitte the first Big 4 firm to publicly express that they were considering pulling ou

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How to Find Accounting Errors in Your Books: 5 Tips to Follow

Patriot Software

Accounting errors are inevitable, especially if you’re rushing to add information into your small business accounting books. To detect accounting errors sooner rather than later, learn how to find accounting errors. Common accounting errors Before digging deep into finding accounting errors, let’s briefly recap some of the most common accounting errors out there.

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How to Calculate Depreciation Expense

Patriot Software

As a small business owner, you need equipment to run your company. Whether it’s a machine or vehicle, costs can add up fast. Did you know you can get major tax breaks for business property expenses? You can lower your tax burden with depreciation. Find out how to calculate depreciation expense for your small business. […] READ MORE.

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States continue to fight tax cut ban

Accounting Today

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Origin vs. Destination Sales Tax

Patriot Software

If you’re like many small business owners, you need to collect sales tax on some of your offerings. Your sales tax responsibilities depend on your location. This fact surely begs the question: do I charge sales tax for out-of-state customers? To stay compliant, understand which sales tax laws apply to your business. And, you need […] READ MORE.

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Aza Ghazaryan named Leaders of Influence by LABJ

Withum

Withum is proud to share that the Los Angeles Business Journal has named Aza Ghazaryan on their Leaders of Influence: Women in Accounting list for 2022. Aza Ghazaryan is a Tax Partner with over 15 years of experience. She provides tax compliance and consulting services to partnerships and high-net-worth individuals and serves business clients in various industries, including real estate , technology , manufacturing , restaurants , professional services and not-for-profit.

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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.

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Supreme Court signals it may allow court challenges to SEC, FTC

Accounting Today

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Should You Pass Along Swipe Fees to Customers?

Patriot Software

Right now, more than 175 million American adults have at least one credit card. With fewer people carrying cash, it’s common for customers to break out a credit card for everyday purchases. While credit cards offer customers more spending options, swipe fees attached to charges could mess with your small business finances. Swipe fees are […] READ MORE.

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Fortanix launches free version of Data Security Manager

Accounting Today

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What Is Form 1099-MISC, and Are You Responsible for Distributing It?

Patriot Software

If you paid a person that is not an independent contractor during the tax year, you might need to file Form 1099-MISC. So, what is Form 1099-MISC? What is Form 1099-MISC? Form 1099-MISC, Miscellaneous Information, is an information return businesses use to report miscellaneous payments. Before 2020, business owners also reported nonemployee compensation on Form […] READ MORE.

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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.

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20 Days to a Better Firm: Keep them learning

Accounting Today

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6 Financial Ratios for Small Business Owners to Live By

Patriot Software

As a small business owner, you work hard to make your company successful. When problems come up, you face them head-on to push your business forward. Whether you go an inch or a mile, you record all your financial moves in your small business online accounting records. If you simply write down your transactions, you could […] READ MORE.

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PCAOB and FASB ready new standards for overhauled agendas

Accounting Today

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How technology has impacted accounting—from compliance to strategy

ThomsonReuters

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. Automation. Today, automation is the name of the game. For accounting firms in particular, the automation of day-to-day accounting activities can not only save time and increase revenue but can also boost staff engagement levels.

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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.

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Tyson CFO arrested for public intoxication a month into role

Accounting Today

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Microsoft Enabling New Security Enhancement to Combat MFA Fatigue Attacks

Anders CPA

Microsoft is taking steps to combat a rise in Multifactor Authentication (MFA) Fatigue attacks that have been plaguing Authenticator app users. These attacks are used to overwhelm users into approving unexpected and unauthorized requests for access into critical systems. Microsoft’s latest security feature aims to add an extra layer of security to prevent potential breaches.

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Tackling the 3 Top Challenges in Business Payments

Intuitive Accountant

Corpay Payable's Sven Hinrichsen drills down on the biggest obstacles for today's treasury and payment professionals.

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Why information technology is important to accountants

ThomsonReuters

This profound shift has created a pathway to improving operational efficiency, seamlessly achieving compliance, and fostering more meaningful relationships with clients. . Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity.

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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.

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Tax Strategy: Prospects for year-end tax legislation

Accounting Today

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Outstanding Deposit: The Basics for Small Business

Patriot Software

To keep your small business’s finances on track, reconcile your books and bank account statement. Sometimes, transactions are only recorded in one financial record when you reconcile the balances. If your books and bank account balances don’t match, you might have an outstanding deposit. What is an outstanding deposit? An outstanding deposit is a receipt […] READ MORE.

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Wolters Kluwer launches enhanced collaboration tools

Accounting Today

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6 Requirements to Qualify Your Small Business for SBA Loans

Patriot Software

Do you need more ways to finance your business? The U.S. Small Business Administration (SBA) offers loan programs specifically designed for small business owners. Rather than directly giving you a small business loan, the SBA makes financing more available to you by giving you a seal of approval to take to a third-party lender. The SBA […] READ MORE.

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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.

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ISSB climate disclosure standard gains support

Accounting Today

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Paul Hamann on the Myths of Reasonable Compensation

Intuitive Accountant

The founder of RCReports dispels some of the myths surrounding the service and discusses why your firm should be a trusted advisor. Only on Insightful Accountant's Accounting Insiders' YouTube channel.

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Accounting Technology: What it is and how it works

ThomsonReuters

As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. From enabling online ordering to facilitating remote work to overcoming labor shortages, technology can streamline accounting processes , improve the customer experience, and help scale businesses—even amidst a challenging backdrop.

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What Is Negative Cash Flow?

Patriot Software

As a small business owner, you need to balance income with your expenses. When you track patterns in your spending and earnings, you are looking at your business’s cash flow. Sometimes, your cash flow is negative. What is negative cash flow? Cash flow explained To understand negative cash flow, you first need to grasp the […] READ MORE.

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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.