Tue.Jun 21, 2022

Four Things Startup Founders Should Do Now to Prepare for a Downturn

BurklandAssociates

As noted in my May email, we recommend taking action from the downturn playbook now. In today’s article, I’ll share four things startup founders should do to prepare for a Read More. The post Four Things Startup Founders Should Do Now to Prepare for a Downturn appeared first on Burkland.

Four years since Wayfair: A trend takes hold

TaxConnex

What a 48 months it’s been. The Supreme Court Wayfair decision four years ago gave tax jurisdictions the sudden power to require countless companies to collect and remit sales tax. Those governments jumped the on chance for such big revenue – and continue to do so.

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IRS makes more progress on tax return backlog

Accounting Today

Income taxes Tax returns IRS Tax Charles Rettig

Partners Stand to Make Millions (Maybe) If EY Breaks Up

Going Concern

The big hurdle in EY’s plan to split audit and consulting lies in whether or not its partners want to take the risk per earlier Wall Street Journal coverage in which people familiar with the matter told WSJ its roughly 12,000 partners will need to vote to approve the spinoff.

5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

Supreme Court agrees to weigh fines for not reporting overseas accounts

Accounting Today

International taxes IRS Tax SCOTUS

Downtown St. Louis Construction Update: Phase 2 of City Foundry, 21c Museum Hotel Opening and America’s Center Expansion

Anders CPA

As a firm born and raised in St. Louis, we’re always excited to share exciting construction projects happening in our own backyard.

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More Trending

13 Accounting Influencers You Might Not Be Following | Canopy

Canopy Accounting

These days, social media is a necessity in today's business world. It's a place to make connections, network and keep a pulse on your industry.

An $8B ESG market pits EU lawmakers against audit firms

Accounting Today

Accounting firm services ESG International accounting Audit

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Insights On Managing Your Firm

RitaKeller

“For some of them it is too late…. they are not going to change the system.” ” – Allan Koltin. Yuri Kapilovich, CPA does a podcast titled, the Capital Contribution. Recently, he did an interview with Allan Koltin. I urge you to listen to it. They both have good advice for CPAs in public practice. Click here for the podcast with Koltin. There is so much good advice in this podcast that I can’t possibly share it all in one blog post.

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Biden says decision nearing on gas-tax pause, student debt

Accounting Today

Inflation Joe Biden Biden Administration Tax Tax relief

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Report Shows Trends Affecting Firms

CPA Practice

Practice management is the heart and sole of an accounting firm, handling everything from initial client contact to managing workflow, to properly tracking hours and billing clients. When asked, here’s what respondents said were their biggest practice. Firm Management

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PCAOB sets new requirements for use of multiple audit firms

Accounting Today

Audit standards Audit Audit preparation PCAOB

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Why Should You Outsource Your Bookkeeping?

AccountingDepartment

Operating a small business takes a lot of time for owners and employees. You're dealing with customers and vendors on a regular basis while trying to adhere to the company's goals.

CLA merges in Price CPAs

Accounting Today

Practice management M&A Integrations

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Is a Hybrid Model Sustainable or Should My Business Move Fully Remote?

GrowthForceBlog

8 min read. We all know that the pandemic forced workplaces around the globe to rethink their office strategies. In order to stay open, many companies shifted to fully remote office models, leaving only those deemed to be essential workers to clock in at their actual places of business.

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In the blogs: The best policy

Accounting Today

Tax preparation Sales tax IRS Whistleblower Employee retention Tax tools Racial bias HSAs

How Gen-Z Is Changing the Startup Culture

Shay CPA

As a CPA firm, we get a unique look into a lot of businesses. We get to see behind the curtain and analyze the inner workings. As we offer accounting services to a wide variety of startups, we start to see trends and commonalities emerge.

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Preserving cash flow in an international small business

Accounting Today

Accounting International accounting Payment processing Small business

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by speeding up the month-end close and better managing your remote teams.

ACCA and Innovate Finance forge new collaboration

Accounting Insight

ACCA (the Association of Chartered Certified Accountants) and Innovate Finance, the industry body that represents the UK FinTech sector, reach agreement to connect their networks and collaborate on knowledge sharing, policy and insights.

The Dancing Accountant Shares Tips for Building A Remote Team

Nancy McClelland, LLC

“Really great interview. I appreciated how the highlights were amplified. Nancy is smart and real. Blake does a great job allowing the interviewee talk and share her knowledge. Well done!” ” -YouTube viewer comment.

One IRS Cafeteria Is Serving Musty Tax Documents For Lunch

Going Concern

When it comes to the IRS’s backlog of paper tax returns, a picture is worth a thousand words. This photo was tweeted last week by Natasha Sarin, an economist, law professor, and counselor for tax policy and implementation at the Treasury Department.

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How to Choose the Right Accounting Software for Your Business

Patriot Software

Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software.

Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

7 common marketing challenges and solutions for accountants

Mark Lee

When I was asked what are the most common marketing challenges that accountants face, I quickly listed the following: 1 Not enough time. Time to set objectives. Time to plan. Time to consider options. Time to brief anyone to help. Time to try to do it myself. Time to test.

Rules to Get Through a Tax Audit

FraudFiles

Tax audits are scary, especially if you’ve got unusual income or deductions. The assumption is that at the end of the process, you’re going to owe the government money. You can help yourself in the audit process, however, by following 4 simple rules: 1.

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The golden rules to avoid a massive tax bill as a sole trader

Reckon

It happens every year. Sole traders around the country tread steadily toward the end of financial year on 1 July, until suddenly, their chest tightens with panic. Hot on their lips is the nail-biting question: what if I don’t have enough coin in the bank to pay my tax bill?

Can Malpractice Settlements Be Taxable?

Accounting Web

Individuals Can Malpractice Settlements Be Taxable

Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.

The next step in our journey towards a unified client record

Xero

If you’re an accountant or bookkeeper, you’ll know that having consistent information across your practice management tools is vital. That’s why we’re working hard to create a unified client record across Xero Practice Manager (XPM), Xero Tax, and Xero HQ.

General Ledgers at Scaling New Heights (Part 4)

Intuitive Accountant

Murph wraps up the official series on the sponsors at this year's 'Scaling New Heights' conference. If we missed any late comers, we're sorry—it wasn't our intention

Top 5 Financial Management Habits That Help Grow Your Business

LSLCPAs

How Healthy is Your Company? With so many moving parts vital to the success of operating a business, time is most managers’ number one challenge in growing their business.

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CalCPA BUZZ: CalSavers Compliance Deadline June 30

CalCPA

State law now requires all businesses with five or more employees to participate in CalSavers if they do not offer a qualified retirement. The post CalCPA BUZZ: CalSavers Compliance Deadline June 30 appeared first on Hot Topics. CalCPA Buzz

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Perfecting the Close Checklist

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Let’s get up close and personal with balance sheet reconciliations to better understand the purpose behind this activity, so often taken for granted. Let’s rediscover the power of reconciling the balance sheet, the best way to approach the work, and the pitfalls to avoid when preparing or examining reconciliations.