Tue.Jun 21, 2022

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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.

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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. In many respects, Wayfair also opened the path to levying additional kinds of tax obligations on businesses that sell online as eCommerce becomes more and popular.

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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. Search algorithms have become more sophisticated over the years and content across social channels continues to be curated towards users’ specific interests and needs. Social media is a powerful source of industry information if you’re engaging with the right accounts.

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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. Well according to this it probably won’t be too hard to get partners on board.

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Planning Your Restaurants Path to Profitability

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.

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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. Below are a few downtown projects we have been keeping an eye on, including Phase 2 of the City Foundry, the 21c Museum Hotel opening, an expansion of the America’s Center and new luxury apartments by the CITY SC stadium.

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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? Most sole traders will know that they’ll need to file their business tax return to the ATO between 1 July and 31 October.

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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.

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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.

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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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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 collaboration between ACCA and Innovate Finance will bring together their natural synergies and will provide a platform for UK FinTech leaders to share information about their products and services with UK and international stakeholders, including those with

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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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. At the IRS in Austin, cafeteria is overrun with paper returns awaiting processing by campus’s dedicated employees who will *keystroke* line items into the IRS’s database.

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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. One way to save time is to know which financial management tools will help you easily measure your business’s success and achieve your goals. Master these. The post Top 5 Financial Management Habits That Help Grow Your Business appeared first on LSL CPAs.

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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. I was honored to be interviewed recently by the one-and-only Blake Oliver for Relay ‘s “ Gearing Up ” series, where every two weeks, he talks to a real accountant or bookkeeper about ONE challenge in their firm — and how to solve it.

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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. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […] READ MORE.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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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. Shut up – You may think you’re helping by talking and volunteering information. You’re not.

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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.

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IRS makes more progress on tax return backlog

Accounting Today

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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. Time to review, revise and adapt. Time to follow up. Solution: Allocate 30 mins to getting started.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. 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 vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Supreme Court agrees to weigh fines for not reporting overseas accounts

Accounting Today

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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. This will reduce double handling of data and give you confidence in the accuracy of your records, so you can become more efficient in your day-to-day work.

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How to use your losing stock positions to lower your tax bill

Accounting Today

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

Accounting Today

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Recruit and Retain New Blue-Collar Talent

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

Accounting Today

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PCAOB sets new requirements for use of multiple audit firms

Accounting Today

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CLA merges in Price CPAs

Accounting Today

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In the blogs: The best policy

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Preserving cash flow in an international small business

Accounting Today

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Former Trump Organization CFO says New York lacks tax case jurisdiction

Accounting Today