FraudFiles
NOVEMBER 14, 2022
In order to properly plan a fraud investigation, a fraud examiner needs to be able to ask good questions that extract valuable information about what needs to be done. The specific questions vary with each investigation, but the following are some basic areas that an investigator should strongly consider exploring.
Withum
NOVEMBER 14, 2022
The IRS recently released a private letter ruling (PLR 202244004 (August 9, 2022)) that grants additional time to a taxpayer that failed to timely elect to defer the gain from a rollover of qualified small business stock (QSBS). The IRS’s decision to grant late-filing relief in this context is not that surprising or ground-breaking, but it does highlight an important tax strategy that we are starting to see with increasing frequency.
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Snyder
NOVEMBER 14, 2022
Christmas cheer is just around the corner, but where does the other strange feeling come from? Ah, yes. Tax season. The first four months of every calendar year are the time when accountants are at their busiest. From January to April, there are few things that accountants do besides tax filing. This is what makes busy seasons so stressful for accountants.
Basis 365
NOVEMBER 14, 2022
Growing businesses need to find the right information to rely on when making business decisions. Yes, your business may have a set of financial statements, but what is that information really telling you? Financial statements created by a professional and maintaining consistent accounting policies are the first steps in taking control of your business; however, businesses producing millions in revenue already have these procedures in place.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Reckon
NOVEMBER 14, 2022
A CRM, or customer relationship management tool, is a crucial piece of software for businesses of all sizes. Capturing and actioning your customer data, a CRM allows you to manage your business relationships and interactions with customers and potential customers. It can be used for sales, marketing, customer care, productivity, business insights, and process automation.
Intuitive Accountant
NOVEMBER 14, 2022
Day 2 of the webinar series kicks off with a panel discussion on profitable accounting miches in the construction, ecommerce and non-profit sectors. Sign up to join Greg Bossen, Kelly Gonsalves and Diane Gilson here.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Intuitive Accountant
NOVEMBER 14, 2022
Murph is anticipating his session at 'Future Forward,' where he will be hosting Qvinci. Check out the discussion about the role of the Trusted Advisor in helping SMBs with the impact of inflationary and recessionary factors.
Xero
NOVEMBER 14, 2022
As the world turns its attention to the 27th United Nations Climate Change Conference ( COP27 ) this month, we’re focusing on the actions we can take across our business and the communities we serve, to reduce our environmental impact. The climate crisis is affecting all of us, and every business has a role to play in supporting the transition to a net-zero economy. .
Going Concern
NOVEMBER 14, 2022
Good morning and happy Monday! Here’s some news: The EY split vote has been delayed, says FT : The main stumbling block in setting dates for ballots is finalizing the so-called global framework agreement, the legal document covering details of how assets, liabilities and people will be split between the businesses. Deloitte has been awarded a $199,600 contract to work on a public transportation system plan for the Cayman Islands.
Intuitive Accountant
NOVEMBER 14, 2022
With tax season upon us, RCReports' Paul Hamann explains why you should prepare now for new Reasonable Compensation advisory revenue opportunities.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
VJM Global
NOVEMBER 14, 2022
A very frequent question being faced under GST is taxability of Liquidity damages, cancellation charges, late payment charges etc. arising out of breach of contract. Question arises because of Para No. 5(e) of Schedule II of Central Goods and Service Tax Act, 2017 which states “ Agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act ” is a supply of service if the same constitutes a “supply” within the meaning of the Act.
Withum
NOVEMBER 14, 2022
As inflation and interest rates rise, the used car market is beginning to soften. The auto industry still touts that a consumer’s trade-in is worth more as a trade-in than in their driveway. This belief has consumers running to the dealership to trade in their old cars before the phenomenon ceases to exist. There can be times that the consumer often leaves in a financial condition that is comparable to where they were before they traded in their trusty car for a new one.
LSLCPAs
NOVEMBER 14, 2022
Executive Summary Today’s business world has changed. For that reason, minimizing the time on repetitive tasks will make space for your management team and your employees to be innovative and creative in the approach to their jobs, the marketplace, and your customers. You can start automating your business processes by using your existing software differently.
Withum
NOVEMBER 14, 2022
Dealers across the country are slashing prices, especially on used cars in an attempt to keep up with the nosedive in the market. I have heard the analogy that it is like trying to catch a falling knife. Several years ago, I met with a dealer who managed their inventory like any other commodities market. In fact, the used car director for the group was a former commodities broker with a large investment bank.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
CTP
NOVEMBER 14, 2022
By Paul S. Hamann & Jack Salewski, CPA, CGMA. Having a Reasonable Compensation figure that is “reasonable” isn’t enough anymore. With the IRS turning up the heat on Reasonable Compensation compliance [See IRS TECH TARGETS S CORP OFFICER COMPENSATION] , having that figure backed up by a credible source and documented is now critical in order to defend an IRS challenge.
Inform Accounting
NOVEMBER 14, 2022
If you own a property which is let out, HMRC may contact you with a "nudge letter'', if they believe you have not declared the full rental income on your Tax Returns. These "nudge" letters are widely targeted at individuals or businesses based on information received, primarily from the tenancy deposit scheme. The tenancy deposit scheme enables Landlords in England to take a maximum of five weeks’ deposit for new and renewed tenancies, where rent is under £50,000 pa or six weeks if rent is over
Snyder
NOVEMBER 14, 2022
Expense management is a critical part of managing any business. The business needs to know how much money it can spend on products and services so that overspending doesn’t occur. At the same time, it’s important to remain profitable so that you can keep doing what you’re doing. That’s where expense management comes in! If you already know what expense management is, great!
Inform Accounting
NOVEMBER 14, 2022
Jeremy Hunt is scheduled to deliver his first Autumn Statement on Thursday (17 November). Reports over the weekend have, as expected, suggested tax rises by stealth and spending cuts. With a budget deficit reported of up to £50 billion and "no rabbit being pulled out of the hat" according to the Chancellor, it is unlikely to be good news and is likely to add to the burden for individual taxpayers on top of the current cost of living crisis and uncertainty surrounding energy prices.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Intuitive Accountant
NOVEMBER 14, 2022
According to a recent BanklessTimes' survey, one-third of Americans believe that the high returns from cryptocurrencies make them a Ponzi scheme.
Accounting Today
NOVEMBER 14, 2022
Going Concern
NOVEMBER 14, 2022
Insider ran a story the other day about Mia Lee, a former Wall Street forensic accountant who loves collecting scotch, racing fast cars, and fighting mixed martial arts. Writes Insider : These interests, and her inability to feel shame, guilt, and fear make her the perfect girlfriend-for-hire for wealthy business and tech executives in New York City.
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.
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
Accounting Today
NOVEMBER 14, 2022
Accounting Today
NOVEMBER 14, 2022
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
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