Mon.Sep 26, 2022

IRS Announces the “Dirty Dozen” Tax Scams for 2022

RogerRossmeisl

The IRS has compiled the annual Dirty Dozen list for more than 20 years as a way of alerting taxpayers and the tax professional community about scams and schemes. The list is not a legal document or a literal listing of agency enforcement priorities.

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Council Post: Three Ways Today’s Accounting Professionals Can Increase Their Value

Jennifer Eubanks

As the profession undergoes digital transformation, traditional roles and activities of accountants must change and transform, as well

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Is Your Income High Enough to Owe Two Extra Taxes?

RogerRossmeisl

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean for you.

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What Contractors Should Know About Accounting

Jennifer Eubanks

Government contractors are required to follow certain accounting guidelines to maintain their standing

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Separating Your Business From Its Real Estate

RogerRossmeisl

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? You may want to rethink this approach.

10 Cash Flow Questions Every Business Should Ask - ForwardAI

ForwardAI

Ideally, as a small business owner, you’ll know a lot about your company’s financials. But no matter how much time you spend deep in the books, there are some cash flow questions that you should Read more

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What Small Business Owners Want From Accountants - ForwardAI

ForwardAI

This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey. This survey of more than 1,000 small business owners includes some positive news and some positively startling observations on what small business owners Read more

Can Homeowners Deduct Seller-Paid Points?

RogerRossmeisl

In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year.

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How People Operations Can Help Startups Succeed in a Down Economy

BurklandAssociates

People Operations can help your startup weather the tough times and emerge with a solid competitive edge when the economy begins to improve. The post How People Operations Can Help Startups Succeed in a Down Economy appeared first on Burkland. HR Operations

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Putting a Price Tag on Intangible Assets

RogerRossmeisl

Intangible assets — such as patents, copyrights and trademarks — are essential to the operations of many companies, but they’re rarely reported on the balance sheet. And even when they are reported due to an acquisition, book value is often based on historical cost under U.S.

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

Here’s Your Sign From the Universe to Find a Better Opportunity

Going Concern

The post Here’s Your Sign From the Universe to Find a Better Opportunity appeared first on Going Concern. Career Center Sponsored Content Technology Auditors Exit opps FloQast Jobs public accounting experience

Don’t Forget Income Taxes When Planning Your Estate

RogerRossmeisl

As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it.

The forecast calls for increased revenue

Accounting Today

Predictive analytics Data Analytics Technology Hardware and software

Procedure of E-Invoice Generation under GST | Brief User Manual

VJM Global

Electronic invoicing (e-invoicing) is a newly introduced system under GST wherein all B2B invoices are authenticated electronically by Goods and Service Tax Network (“GSTN”). E-invoicing is not about generation of invoices on the GST portal. This is a myth.

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

What Is a Furlough?

Patriot Software

When it comes to business, things don’t always go according to plan. At some point, you may find your company struggling to stay afloat financially. And if that time comes, you may need to furlough some workers to avoid drowning. So, what is furlough?

Almost 700 unauthorized users in IRS communications platform: TIGTA

Accounting Today

Cyber security Data security IRS Technology

Accounting Insiders: Ignition's Jennie Moore

Intuitive Accountant

The Partnerships Manager at Ignition discusses, among other topics, how the platform turns creating a stellar proposal a breeze. Check out her interview on Insightful Accountant's YouTube channel

Looking to buy a wealth management practice?

Accounting Today

Practice management Wealth management M&A Financial planning

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

QBO Monday Minute: Creating Custom Workflows in QuickBooks Online Advanced

Intuitive Accountant

By taking a few minutes to set up custom workflows, you can save yourself hours of time down the road. Liz Scott runs you through the process

401(k) Audit CPA Success Show: Simple Steps to Ensure a Speedy 401(k) Audit 

Anders CPA

A 401(k) audit can often be a lengthy process and looming deadlines can have plan providers feeling anxious over completing the process in time.

Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Going Concern

The post Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22 appeared first on Going Concern. ANR News Accounting News Roundup

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How Long Does Stripe Take To Pay?

Snyder

Are you an e-commerce store owner looking for options to receive payments? If so, you may have come across Stripe as a possible solution. But what exactly is Stripe, and how long does it take to pay? What Is Stripe?

Making A Bigger Impact with Automation

Speaker: Nadia Asoyan, VP of Finance at Trusted Health, and Amer Ali, VP of Finance at Netlify

Learn about the automation mindset behind some of the most efficient companies. Discover how to evaluate accounting software to ensure that your tech stack works for your company’s needs today, and that it will scale into the future. Download today!

A guide for understanding self-employed tax obligations, thresholds and payments

Xero

If you’re self-employed, chances are you look forward to organising and fulfilling your tax obligations as much as you would a particularly upsetting root canal. While it may be vital to your ongoing wellbeing, that doesn’t make it any less painful. .

Awesome Client Service

RitaKeller

“The best way to find yourself is to lose yourself in the service of others.” ” – Gandhi. I have often written and spoken about awesome client service. What does it mean inside your CPA firm? Do your older accountants understand it much better than your younger accountants? Seth Godin recently did a blog post about White Glove Service. Here’s an excerpt. Good service meets expectations. It is the fulfillment of a promise to the customer.

New! Crossword puzzle to review the accounting cycle

Wendy Tietz

Recently, I surveyed my students and found that most enjoy crossword puzzles. While not every activity will suit every student, I thought it would be a good idea to create some crossword puzzles for review activities. I am going to share those crossword puzzles here on my blog occasionally. The first crossword puzzle I am […].

Are You a Jack of all Trades? Or the Other?

Intuitive Accountant

What do accounting and branding have in common to ensure small business growth? Xero’s Carol Haverty and Looka’s Dawson Whitfield explain

What I Wish I Knew: How To Build a Data-Driven Company

Speaker: Rachel Bradley-Haas and Aneal Vallurupalli

All companies need data to drive their growth and make good decisions, but timely access to relevant, clean data requires more than data feeds. It takes a shift in thinking and a change to the way all operating units approach their jobs. Download the video to find out more from Co-founder of Big Time Data, data engineer Rachel Bradley Haas.

Free webinar: “Low Man on the Totem Pole – How I Became a White-Collar Criminal”

Wendy Tietz

The Akron chapter of the Institute of Management Accountants (IMA) is sponsoring a webinar on white-collar crime – “Low Man on the Totem Pole – How I Became a White-Collar Criminal.” The webinar is on Wednesday, October 19, 2022, from 6:30 – 8 pm Eastern. Registration is at this link. I cannot emphasize enough what […]. Financial accounting Managerial accounting Miscellaneous ethics teaching accounting

Future Forward 2022: Bank Your Brain Blueprint Part 2

Intuitive Accountant

In Part 2 of their "Bank Your Brain Blueprint" presentation, Insightful Accountant's Gary DeHart and Gaynor Hardy Meilke delve deeper into the step-by-step process for monetizing your professional knowledge in the accounting channel

Stage two of Xero’s STP Phase 2 roll out is coming: Here’s what you need to know

Xero

Single Touch Payroll (STP) Phase 2 will see Australian businesses build on their existing STP reporting to share more information with the ATO and other government agencies each time you process a pay run. The first stage arrived within Xero in late August.