Mon.Oct 17, 2022

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Understaffed? 5 tips for keeping your firm running smoothly

Accounting Today

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Cash Runway for Startups: How To Manage and Own

Withum

Gross margins, Profits, ARR, EBITDA – the list of financial metrics can go on and on. These metrics are all very helpful in the decision-making and analysis process in determining the trajectory and direction of a startup.Each metric is uniquely designed, and success can vary by industry. In times of economic uncertainty with increased interest rates and inflationary pressures, while these metrics are extremely helpful, the focus becomes increasingly clear – how much cash do we have and how long

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Who Pays Unemployment Tax?

Patriot Software

When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.

Tax 101
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How to Increase Efficiency in Your Tax Planning Business

CTP

A key to business growth is finding ways to get more done with less effort. Small business owners are often juggling so many tasks that they struggle to stay focused on what is adding the most value to the business. In theory, you may know that you need to hire help, delegate tasks, and build out processes and automation to handle lower value work. However, when you’re staring down a massive to-do list, taking that first step can feel like scaling a mountain—where do you even start?

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New DOL Final Overtime Rules: Quickstart Guide for Employers

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.

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Monday Morning Accounting News Brief: The Diversity-est Big 4 Firm; An EY Record; PCAOB Stream | 10.17.22

Going Concern

EY’s Manchester office hired the most students of all EY’s UK offices; the Manchester office recruited 104 new students, the firm recruited a record 1,473 students into its UK business this year (up 35% compared to 2021). 32 leading industry commentators, CEOs, CFOs and board members from across the world have contributed their views on the future of financial services for KPMG’s Voices on 2030: Financial Services reinvented report.

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Roth 401(k) vs. Roth IRA: What Is the Difference?

Patriot Software

Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Maybe you are considering establishing a Roth, or post-tax contribution, retirement plan. What is the difference between Roth IRA […] READ MORE.

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More Trending

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What You Need to Know About a Conflict of Interest in the Workplace

Patriot Software

Many different issues can come up in business. At some point, there might be a conflict of interest in the workplace. To ensure business operations run smoothly, you have to take action and do what’s best for your company. What is an employee conflict of interest? A conflict of interest in the workplace is […] READ MORE.

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Additional Announcements from Sage Transform 2022

Intuitive Accountant

'Sage Transform' was packed with people, technology and announcements with more to come from the technology leader.

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Should You Consider Opening a Payroll Account for Your Small Business?

Patriot Software

Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […] READ MORE.

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A New Zealand Accountant Took Client Retention to a Whole Other, Insane Level

Going Concern

Stuff reports that an as yet unnamed New Zealand accountant is now in trouble with the country’s accountancy body for allegedly harassing clients with debt collectors after the clients tried to sever their relationship, manufacturing invoices for services that were never received, altering tax documents, and spreading rumors about rival accountants getting it on with clients.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

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.

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Equal Pay Laws by State

Patriot Software

There are many laws in the workplace that govern employers and employees. You need to be sure you are in compliance with federal and state laws at all times as a small business owner. One prominent issue today is equal pay between men and women. Federal law and equal pay laws by state aim to […] READ MORE.

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7 New Production Linked Incentive (PLI) Scheme | Micro Small and Medium Enterprises (MSMEs) are real beneficiaries

VJM Global

Production Linked Incentive (PLI) Schemes are benefits provided by the government to manufacturing industries based on their production to promote manufacturing in India. Till now the government has spent thousands of crores of rupees under the PLI scheme offered for different sectors such as the Telecom Industry, Textile industry, etc. Benefits can be provided in form of grants, subsidies, tax holidays, etc.

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Types of IRA Accounts You Might Be Considering

Patriot Software

As a small business owner, you might be confused by all the different small business retirement plan options out there. One retirement option you can offer is an individual retirement arrangement, or account (IRA). There are several types of IRA accounts you could consider. Different types of IRA accounts An individual retirement arrangement is an […] READ MORE.

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Withum’s Power Minute – Episode 1: What’s All This Buzz With Microsoft’s Power Platform?

Withum

Power Minute is the newest offering from Withum’s Digital and Technology Transformation Services Team designed to help organizations learn more about, and benefit from, Microsoft’s low-code/no-code Power Platform tools. In this first Power Minute, Jeff and Andrea cover the Power Platform and why it’s important to know about this innovative engine that 20 million + are already using!

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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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There’s More to the Cost of Firing an Employee Than Meets the Eye

Patriot Software

Losing employees can be devastating for your small business. Employee turnover can drain workplace morale and cost you time and money finding replacements. What’s even worse is having to fire an employee. Read on to find out the cost of firing an employee. Firing an employee Sometimes, you might have to fire someone. Though no […] READ MORE.

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How will Stack Investors use the relative sales value method to allocate the purchase price of a rental property it purchased?

Wendy Tietz

How will Stack Investors use the relative sales value method to allocate the purchase price of a rental property it purchased? Stack Investors is a real estate company, specializing in student housing rentals. Black Squirrel Rentals recently purchased a house at 121 Crain Avenue in Kent for $55,000. Rooms in the house will be rented […].

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How to Pay Yourself from Your Business

Patriot Software

You know by now that running your own business doesn’t mean you sit around as stacks of cash come flooding into your office. Being a business owner means being busy nonstop to keep up with operations. Since running a business is your full-time job, you need to know how to pay yourself from your business. […] READ MORE.

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New chancellor Jeremy Hunt's statement ahead of October 31st

Inform Accounting

Today yet more changes and reversals to the Kwarteng mini-budget that wasn’t a budget. In short, most of what he announced has been ditched by the new chancellor Jeremy Hunt. I am hesitant to say that these new announcements are ones that are going to remain. After all, we are living in “ interesting times ”. Things could change still further by the time we get to the 31st of October when the chancellor will reveal the full financial statement.

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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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Handling Employees Who Want to Waive Coverage from Health Insurance

Patriot Software

Health insurance is a great benefit to offer employees. According to the Bureau of Labor Statistics (BLS), 71% of all private industry businesses offer health benefits. But, what happens when employees want to opt out of employer health insurance? They waive coverage. When an employee wants to waive coverage, you need to know what to […] READ MORE.

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Don’t Miss Out on Year-Round Value from Your Tax Advisor

Intuitive Accountant

The Bonadio Group's Cheryl Prout discusses why bringing your expertise in for guidance at the start of your clients' financial decisions can help ensure success.

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How to Manage Payroll for Small Business Owners

Patriot Software

There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […] READ MORE.

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High earners are flocking to low-tax states

Accounting Today

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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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10 Great Ways to Motivate Employees

Patriot Software

You’re motivated about your business. You came up with the idea, started the company, made sales, and set small business milestones for the future. You have that passionate fire to keep your business alive and prospering. Your employees, on the other hand, might not have that same passion. Your employees might simply show up because […] READ MORE.

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IRS warns against charity scams

Accounting Today

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What Is an ITIN?

Patriot Software

For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN? Types of Taxpayer Identification Numbers There are several types of […] READ MORE.

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Mastercard launches support for crypto trading

Accounting Today

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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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What Are ACH Payments? How Can You Use Them For Payroll?

Patriot Software

You might already be familiar with ACH payments, but you might not know it because of the unfamiliar terms. Find out what ACH means and how you can use the payments with your payroll. What is ACH? ACH is an electronic funds transfer system that moves money between bank accounts. There is an ACH withdrawal […] READ MORE.

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Art of Accounting: Importance of being or appearing calm

Accounting Today

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Everything You Should Know About Outsourcing Payroll to Online Software

Patriot Software

Your small business has many options to run payroll. You could run payroll yourself or you can outsource it. Outsourcing payroll to a payroll software can be a great benefit for your business. What does it mean to outsource to online payroll software? Online payroll software is a program you can use to run your […] READ MORE.

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20 Days to a Better Firm: The best in recruiting and retention in 2022

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.