Mon.Nov 27, 2023

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

In a rapidly changing business environment, companies turn to financial planning and analysis (‌FP&A) reports for a holistic understanding of business conditions and performance. For FP&A teams to be most effective, they need powerful, easy-to-use tools that help them quickly analyze data, create financial reports and distribute that information among stakeholders.

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Two Paths Forward: AI in Startup Finance

BurklandAssociates

Back office solutions and decision support solutions will both be natural beneficiaries of AI’s core promise. The post Two Paths Forward: AI in Startup Finance appeared first on Burkland.

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SSA: Social Security Overpayments Swell to $23 Billion

CPA Practice

By Joey Solitro, Kiplinger Consumer News Service (TNS) The Social Security Administration (SSA) released a report revealing its overpayment problem worsened in October, now standing at $23 billion. The newly released Agency Financial Report showed that the SSA made $11.1 billion in overpayments—accidentally paying beneficiaries too much—and $2.5 billion in underpayments to beneficiaries in fiscal year 2022, up from $6 billion in overpayments and $1.4 billion in underpayments in fiscal year 202

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Congress has little time to make tax changes this year

Accounting Today

The demands from various constituencies for tax breaks are not likely to stop lawmakers from proposing or introducing new legislation, if only to position themselves ahead of next November's election.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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2024 ProAdvisor Awards Process Begins Today

Insightful Accountant

What does it take to be in the next Top 100. it takes You participating. The 2024 ProAdvisor Awards process begins today. ProAdvisors may nominate themselves or be nominated by another ProAdvisor.

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A pipeline progress report

Accounting Today

Sue Coffey and Lexy Kessler share what's being done in the short term and the long term to address the profession's shortage of new accountants.

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More Trending

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Union Ledger Podcast: Trending Topics and Insights for Labor Unions

Withum

Available Episodes Episode 1: Is It Time for Your Union To Explore 3rd Party Accounting? Episode 1: Is It Time for Your Union To Explore 3rd Party Accounting? Withum’s Jason Edwards joins the Union Ledger podcast to discuss all things 3rd party accounting. Tune in to hear about the benefits of 3rd party accounting experienced by our clients including increased efficiency, improved transparency, and potential cost savings.

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Xero Partners with Avalara to Add Auto Sales Tax Calculations

CPA Practice

Xero , the makers of business management solutions, has added new auto sales tax capability, helping to provide reliable sales tax calculations, comprehensive reporting, and automated filing options for small business owners and their advisors. Developed in partnership with Avalara, a market leader in tax compliance automation, the embedded solution brings advanced sales tax workflows and management directly into the Xero platform, enabling advisors and business owners to automate sales tax calc

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Your Guide to Year-End 2023: Personal Use of a Company Car

ThomsonReuters

It’s a great perk when an employer provides a company car that a worker can also use during non-work hours. But the value of that perk is generally taxable. But how do you tax the value of a noncash fringe benefit? How do you calculate PUCC? There are four methods to calculate personal use of a company car (PUCC): General valuation method. Under this method, the value is the fair market value of the employer-provided vehicle, determined as the amount the employee would pay to a third-party

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Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System

CPA Practice

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. The Augusta Rule, known as Section 280A by the Internal Revenue Service, allows homeowners in any income bracket to rent out their homes for up to 14 days without the obligation to report the rental income as taxable on their tax return.

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How to Build the Ideal HR Team

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.

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Cybersecurity in Healthcare: Threat Intelligence Report 

Withum

Download the Report Stay Ahead of the Cybercriminals We are amid a national crisis as healthcare data breaches and cyber threats continue to grow. One way to ensure that your defenses are one step ahead of your attacker is to utilize threat intelligence to build your defenses. We are amid a national crisis as healthcare data breaches and cyber threats continue to grow.

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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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Your Guide to Year-End 2023: Bonuses

ThomsonReuters

As the holidays approach, many employers plan on paying out bonuses, incentives, or other supplemental wages to employees that may have unexpected tax and compliance implications. Payroll Guide ¶ 4100 et seq. contains a detailed discussion on supplemental wage payments. Paying out bonuses Employers have several options when it comes to paying out bonuses.

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Unlocking the power of open banking: a simple and secure way to pay bills without leaving Xero

Xero

Paying bills is a crucial part of the cash flow equation, and yet it’s usually a very manual process for small business owners. Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. There is also no standardised way for businesses in the UK to pay bills in bulk.

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Planning Your Restaurant's 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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The 20 best states to be a property owner

Accounting Today

The six states with the lowest real-estate taxes have an average rate of 0.48%.

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Feel Good and Cut Taxes By Using These Five Charitable Giving Strategies

CPA Practice

By Marguerita M. Cheng, CFP, RICP, Kiplinger Consumer News Service (TNS) Millions of people give to charity to support various causes that have had a positive effect on their lives, their loved ones and their communities. According to the National Philanthropic Trust, Americans donated $499.33 billion in 2022. Individuals formed the largest source of charitable giving, which amounted to $319.04 billion, representing 64% of the overall donations.

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Seven Signs You Need a Better Fund Accounting System

GrowthForceBlog

7 min read Nonprofit leaders face plenty of challenges and adversity when it comes to accomplishing their missions, attracting and retaining donors, and executing their strategies. With so much difficulty facing nonprofit leaders, struggling to keep up with the bookkeeping and accounting tasks of the back office doesn't need to be added to the list of struggles.

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Consulting firms face the wildest headwinds in years

Accounting Today

PwC and EY are among the large firms collectively shedding thousands of staff.

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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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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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KPMG freezes pay and cuts bonuses amid UK slowdown

Accounting Today

Due to soft market demand, raises will be prioritized for staff who have been promoted, and workers eligible for a bonus will receive one that's lower than in previous years.

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2023 Year-End Tax Planning Strategies for Technology Companies

Cherry Bekaert

Relatively new rules around research and experimentation costs have had a notable impact on early and growth stage technology companies, sending many into a newly taxable income position. Join two of Cherry Bekaert’s Technology Tax Partners to learn more about what companies in this position should do to mitigate the impact of those rule changes as well as plan strategically for 2024.

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FASB offers segment reporting guidance

Accounting Today

A new final accounting standards update from FASB aims to improve public companies' disclosures about their reportable segments and expenses.

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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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Taxability of Personal Guarantee and Corporate Guarantee under GST| Clarified by CBIC

VJM Global

Providing guarantee is a very common part of business finance wherein one person provides guarantee to the bank or financier on behalf of the other person for securing loan or credit facility. In some cases, commission is paid as a consideration for providing guarantee. CBIC has received various representations with respect to applicability of GST on personal guarantee provided by Director to the bank for granting credit facility to the company or corporate guarantee provided by the company on b

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Art of Accounting: Start now to ease next tax season

Accounting Today

Tax season is around the corner. Starting now with a few easy steps can relieve much of the pressure later.

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Grey Sky Films Wins First Place at NJ Ad Club Awards for Withum Recruitment Video

Withum

Withum is proud to share that Grey Sky Films , the video production company for Withum’s commercials, has won first place at the NJ Ad Club Jersey Awards for the firm recruitment video. Watch Video At the 55th Annual Jersey Awards in September, NJ Ad Club awarded Grey Sky Films with the first place honor in the Television: Streaming Service or Online Commercial category. “Join Our Withum Team” was filmed on-location at the firm’s East Brunswick office.

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How to Update the Deposit to Account in Mass with Spreadsheet Sync

Insightful Accountant

Hello, everyone! As we all travel back to our desks after eating all the turkey, we still have year-end to do and sometimes that comes with some clean up tasks. Join Liz as she guides you through the process of using Spreadsheet Sync in QBO.

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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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Modern Solutions for a Modern Workplace at Microsoft Ignite 2023

Cherry Bekaert

Cherry Bekaert was recently a sponsor at Microsoft Ignite 2023. Ignite is an annual Microsoft event for developers and IT professionals – including CIOs, CTOs, product management and the myriad of other roles working with Microsoft technologies. This year’s event occurred at the stunning new Summit building at the Seattle Convention Center – the first Microsoft event held there.

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Engagement Letters: The Do’s and Don'ts

Canopy Accounting

Engagement letters establish clear expectations and boundaries between clients and accountants. In this post, we will explore the do's and don'ts of crafting effective engagement letters, ensuring you have the necessary skills to navigate this important aspect of your client relationships. Understanding the best practices surrounding engagement letters is essential for accountants to maintain transparency and minimize potential issues for their firm.

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PwC cuts 2% of its workforce in Canada amid slowing economy

Accounting Today

Sustained high interest rates are pushing the nation's economy toward a recession.

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Breaking News: Exciting Updates to QuickBooks Ecosystem Unveiled at QuickBooks Connect 2023!

Insightful Accountant

In this video report, we'll focus on a game-changing addition to QuickBooks Online Accountant - the all-new QuickBooks Ledger functionality.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.