Thu.Sep 15, 2022

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How to Easily Sell Peace of Mind to Your Clients

Ryan Lazanis

As an accounting firm owner, you should know that one of your main selling points is providing peace of mind to your clients. But how do you make this more tangible for them? In this podcast episode, I’ll give you some tips on how to easily sell “peace of mind” to your clients. Listen Below. 0:59 – Clients say that peace of mind is what they’re looking for from their accounting or bookkeeping firm. 1:39 – I want to show you how you can gain an advantage over y

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How not to tank your sales tax audit (part 1)

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. But as usually happens in business, you can take steps to protect yourself and, in fact, not make the situation worse.

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Making Sense of a Wacky Stock Market 

Withum

Yesterday (September 13), the Dow Jones Industrial Average opened up about 375 points and closed down 1276 points or a loss for the day of 3.9%. The S&P 500 index was down 4.3%, and NASDAQ down 5.2%. These are big losses, yet all three indexes are up for the prior three-month period. Stock prices go up and down, and this is a continuous situation.

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But Who’s Counting? Episode 12: Should Businesses Consider Accepting Cryptocurrency?

Anders CPA

Some of the largest companies are now accepting bitcoin and other cryptocurrencies as payment, but how and when will this impact small and mid-size businesses? In this segment of But Who’s Counting?, David E. Hartley sits down with Anders tax partner and cryptocurrency guru Derek A. Barnard to dive into what investors and businesses need to know before they get involved with crypto, including: Clearly defining blockchain and cryptocurrency Tax implications of bitcoin and other cryptocurren

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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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What Is Surprise Billing IDR?

ThomsonReuters

QUESTION: We’ve heard that group health plan claims for certain services must be resolved under federal IDR rules. What is IDR, and what claims does it apply to? ANSWER: The No Surprises Act (included in the Consolidated Appropriations Act, 2021 (CAA)) protects individuals from surprise bills for certain out-of-network services (see our Checkpoint article ), and establishes an independent dispute resolution (IDR) process under which out-of-network providers and health plans may resolve disput

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Future Forward 2022: Security for QuickBooks 2023 and Beyond

Intuitive Accountant

Top 100 QuickBooks ProAdvisor Kellie Parks takes a deep dive into the most current security considerations and best practices for the coming year and beyond. Sign up for the Oct. 4 webinar now.

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Don’t Call it a Cleanup

Intuitive Accountant

Profit First Professionals' Ron Saharyan on why the word “cleanup” may just be a dirty word in your firm’s vocabulary.

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Using Bitcoin Payroll: Is It Worth It?

Patriot Software

As businesses evolve, so do different types of payment methods for employees. You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin payroll? Bitcoin is not your average […] READ MORE.

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Biden Administration Launches Initiative for Green Energy Code Enforcement and Adoption

KROST

President Biden recently signed the Inflation Reduction Act of 2022. Among many benefits, the bill aims to fight climate change, conserve energy, and reform legislation for the §45L Tax Credit and §179D Tax Deduction. The act significantly extended and expanded incentives for homebuilders and commercial building owners. The deduction and incentive can now be used Read the full article.

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Making crypto a less taxing challenge

Accounting Insight

Whether or not you believe crypto is the next big thing (to be frank, no one can deny the huge progress the industry has made in the last few years) it’s got to the stage where accountants can’t ignore it. In its early years HMRC considered it to be gambling and therefore didn’t count any gains for tax purposes. That is now a thing of the past and HMRC have woken up and seen the gains, and more recently losses, that have been made and now want their slice of the action.

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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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Appletree Business Services Acquires Cold Springs Business Services

Steve Feinberg

For Immediate Release September 15, 2021. We’re pleased to announce that Appletree Business Services LLC has acquired Cold Spring Business Services LLC, a provider of bookkeeping, payroll and tax services. Cold Spring owner Van Ballantyne has been a long time friend of the team at Appletree and a fellow member of the PASBA Association. Van will become part of the Appletree staff to help service clients and bring a wealth of tax knowledge.

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Digitisation isn’t a ‘wow’ moment anymore

Accounting Insight

In the world of accounting, technology and digitisation are nothing new. If anything, they have become standard expectations of both clients and accountants. The introduction of MTD, and more recently the ITSA legislation, has significantly helped level the technological playing field. Forcing many firms to speed up their digital adoption processes to keep up with new accounts reporting.

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Appletree Business Services Acquires Cold Spring Business Services

Steve Feinberg

For Immediate Release September 15, 2021. We’re pleased to announce that Appletree Business Services LLC has acquired Cold Spring Business Services LLC, a provider of bookkeeping, payroll and tax services. Cold Spring owner Van Ballantyne has been a long time friend of the team at Appletree and a fellow member of the PASBA Association. Van will become part of the Appletree staff to help service clients and bring a wealth of tax knowledge.

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Court Calls Into Question Key Portions of ACA Preventive Services Mandate

ThomsonReuters

Braidwood Mgmt. Inc. v. Becerra, 2022 WL 4091215 (N.D. Tex. 2022). In a case challenging the preventive health services mandate of the Affordable Care Act (ACA), a federal trial court has held that a key portion of the mandate violates the U.S. Constitution and that requiring plan coverage of HIV preexposure prophylaxis (PrEP) violates the Religious Freedom Restoration Act (RFRA).

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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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How to Conduct an Audit in Your Small Business

Patriot Software

A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can—and should—conduct regularly. And to do that, you need to know how to conduct an audit. Read on to learn: What is an audit? The types of audits Why performing an audit is important How to […] READ MORE.

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Court Allows GINA Claims to Proceed Against Wellness Program Sponsor

ThomsonReuters

Williams v. City of Chicago, 2022 WL 2915632 (N.D. Ill. 2022). Available at [link]. A group of employees and spouses covered under an employer-sponsored group health plan sued the employer, alleging that the employer’s wellness program violated their rights under the Americans with Disabilities Act (ADA), the Genetic Information Nondiscrimination Act (GINA), and the Fifth and Fourteenth Amendments to the U.S.

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What quality costs will the J.M. Smucker Company incur from its recall of Jif peanut butter?

Wendy Tietz

The J.M. Smucker Company (Smuckers) issued a voluntary recall in 2022 for several Jif peanut butter products manufactured in its Lexington, Kentucky, manufacturing facility. Jif peanut butter products were potentially linked to a multistate outbreak of Salmonella. Salmonella is an organism that cause serious and sometimes fatal infections in people.

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What the new MTD ITSA legislation actually means for accountants

Accounting Insight

The new MTD ITSA legislation is already creating some concern for accountants and raising a lot of questions across the wider accounting industry. Accountants are having to become experts, on their clients’ behalf, in a subject riddled with uncertainties and deal with a lack of resources and communication. Currently in the pilot phase, with the first mandatory submission slated for July 2024, uptake of the scheme is minimal, with many businesses not even aware it is happening.

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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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See How 'Unidos We Grow'

Intuitive Accountant

The free digital roundtable by Intuit Quickbooks kicks off Hispanic Heritage Month with an all-star cast of Latino entertainers, entrepreneurs and financial experts, including TV star and philanthropist George Lopez.

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Yellen outlines taxpayer service upgrades in IRS overhaul

Accounting Today

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New Node Card Reader – A QuickBooks Desktop 2023 Feature

Intuitive Accountant

The new reader enables you to take contactless cards and multiple other forms of payment in person from your customers for your services. The payments automatically are recorded and matched so your books stay organized.

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3 Minutes with Nick Elston

Accounting Insight

We grabbed 3 minutes with Nick Elston, a regular speaker at our Accountex events and the Founder of Forging People. He is an inspirational speaker on the lived experience of mental health, and shares his experiences of mental illness, mental ill-health and breakdown, through his powerful, inspiring and engaging talks. 1. How did you get into the profession?

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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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Payroll tech solves three key accountancy problems

Accounting Insight

With the accountancy landscape rapidly changing, technological advances and cloud-based tools are enabling accountants to spend more time providing strategic counsel to UK SMEs, instead of spending significant time manually collating information for payroll, compliance, and other essential activities. Whilst many accountancy firms and independent bookkeepers have been quick adopters of technology and are reaping the rewards of making the switch, there are many that have incomplete tech solutions

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