Canopy Accounting
APRIL 27, 2023
With many accountants quitting in the past two years and the dwindling number of college students entering the accounting field, there is an increased focus on employee retention for accounting firms. Not only because turnover is costly, but it disrupts workflow and results in losing valuable skills and expertise.
CPA Practice
APRIL 27, 2023
By Julio Gonzales. [ Read Part II.] What’s one of the biggest challenges that small businesses face? Lack of funding. Loans are an option, but they’re not always easy to attain. In fact, large banks only approve 25% of Small Business Association (SBA) loans. Many of your clients are likely in need of funds for their businesses, and they may have overlooked one valuable source of funding – grants.
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Going Concern
APRIL 27, 2023
We’ve used that PwC Chad image way too many times recently so have this AI-generated fantasy forest instead. It wasn’t that long ago that Big 4 accounting firms were cagey about staff playing around with ChatGPT on company equipment, consumed by the fear of sensitive client information being fed into the AI black hole. But then they got over it and both PwC and KPMG proudly announced proprietary AI tools, leading the way in what will no doubt be a transformative time for professional
CPA Practice
APRIL 27, 2023
By Julio Gonzalez. [ Read Part I.] Are you unsure of whether grants are a good option for your clients? Be sure to read part 1 of this series, where I cover: Grant eligibility/requirements Types of grants Grant readiness assessment Once you’ve read through the first article, it’s time to walk your clients through the grant application process. Tips When Filling Out Your Grant Application Grants.gov has over 2,000 grants that businesses can apply for (you can find more in Part 1), but you need yo
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Going Concern
APRIL 27, 2023
Although EY continues to deny it, Accountants Daily reports that lead partners at EY Australia have been instructed to draw up a list of everyone who isn’t pulling their weight so they can figure out who to chop, per a source. AD’s sources made it sound like no one is safe, not even partners. Sources at the firm told Accountants Daily that no-one would be safe from the lists, which would be drawn up by lead partners running service lines – who sit atop the 700-plus Australian partner
CPA Practice
APRIL 27, 2023
By Scott Ibbotson. Section 174 of the Internal Revenue Code underwent significant changes in recent years, with the Tax Cuts and Jobs Act (TCJA) requiring mandatory capitalization and amortization of Section 174 “research and expenditure” costs for tax years beginning on or after Jan. 1, 2022. For many businesses, this may mean a significantly higher tax bill.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
AccountingDepartment
APRIL 27, 2023
Last week, AccountingDepartment.com Business Development Representatives, Shawn Marcum, and Luke Backus attended the 2023 Entrepreneurial Operating System (EOS) Conference in Indianapolis, IN.
Xero
APRIL 27, 2023
The annual Xero Awards is a particularly special night for us at Xero. It’s a chance for us to show our appreciation and admiration to the many incredible accounting, bookkeeping, and app partners in our community. This year’s awards evening, which took place at Ministry Venues, Elephant & Castle, showcased the achievements of the “rockstars” of the accounting world.
CPA Practice
APRIL 27, 2023
One of the oldest and largest societies in the United States, the Texas Society of Certified Public Accountants or TXCPA currently has 28,000 members. Founded in 1915, the Texas Society of Certified Public Accountants (TXCPA) provides a wide array of professional resources for CPAs. TXCPA also provides education and professional development opportunities while actively defending and promoting the CPA professional throughout the state.
xendoo
APRIL 27, 2023
Form 1065 is the end-of-year tax form for small businesses that operate as partnerships. So if you registered your business entity as a partnership, you must file the form at the end of your company’s tax year. With all the responsibilities that come with running a business, it can be difficult to stay on top of the latest tax requirements, regulations, and deadlines.
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.
CPA Practice
APRIL 27, 2023
For the 11th straight year, PwC is the top public accounting firm to work for, according to the recently released Vault Accounting 25 for 2024. PwC had a score of 8.584 out of 10, just ahead of Deloitte which had a score of 8.432. Rounding out the top five were KPMG, BDO USA, and RSM US, which moved up from eighth in Vault’s 2023 ranking to fifth for 2024.
xendoo
APRIL 27, 2023
Form 1065 is the end-of-year tax form for small businesses that operate as partnerships. So if you registered your business entity as a partnership, you must file the form at the end of your company’s tax year. With all the responsibilities that come with running a business, it can be difficult to stay on top of the latest tax requirements, regulations, and deadlines.
CPA Practice
APRIL 27, 2023
Professionals on the Move is a roundup of recent hiring and promotion announcements from around the accounting profession. FASB Names Three New Members to Its Investor Advisory Committee The Financial Accounting Standards Board (FASB) recently announced the appointment of three new members to its Investor Advisory Committee (IAC). The IAC works closely with the FASB to ensure that investor perspectives are effectively communicated during the development of accounting standards.
Withum
APRIL 27, 2023
Learn how Withum helped a Bridal Manufacturer improve and optimize its e-commerce capabilities by successfully implementing and fully leveraging NetSuite’s SuiteCommerce Advanced (SCA). Download a PDF of this case study. Executive Summary After successfully implementing Oracle NetSuite’s ERP and Suite Commerce “SC” solution, a leading U.S. wedding dress designer and manufacturer looked to Withum to improve and optimize its e-commerce capabilities.
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
CPA Practice
APRIL 27, 2023
Avalara, Inc. , a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced its cross-border compliance solutions support eBay International Shipping — a program that takes the complexity out of selling products on eBay and shipping them internationally. eBay International Shipping leverages Avalara software natively to determine Harmonized System (HS) commodity classification codes, identify item-level trade restrictions, and generate landed cost pri
Withum
APRIL 27, 2023
Have you ever wished you could create your own chatbot that can answer questions, provide information and perform tasks for your customers or employees? Do you want to save time and money by automating common business processes and reducing support requests? If so, you might be interested in Power Virtual Agents, a powerful tool that lets you build intelligent chatbots and virtual agents without any coding or AI expertise.
CPA Practice
APRIL 27, 2023
The Financial Accounting Foundation (FAF) has given the financial reporting community an opportunity to raise potential concerns about compliance with the due-process procedures of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). Now available via the FAF website , stakeholders can flag for the FAF’s Oversight Committee alleged failures of either the FASB or the GASB to follow their due-process procedures as outlined in the FAF bylaws.
Accounting Insight
APRIL 27, 2023
Lee Chambers is a respected psychologist and founder of Essentialise Workplace Wellbeing. After a diverse career, including time in corporate finance, elite sports and scaling and exiting a videogame business, Chambers decided to launch Essentialise in 2020, to support businesses in making wellbeing effective and provide value on investment. How did you get into the profession?
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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.
Basis 365
APRIL 27, 2023
Outsourcing has become a widespread practice for businesses of all sizes, from startups to large corporations. It involves hiring external companies or individuals to handle tasks or functions that are not part of a company's core operations. Outsourcing can be a cost-effective and efficient way to streamline processes and increase productivity and specialized access expertise.
Ryan Lazanis
APRIL 27, 2023
Are you tired of working too hard for too little? In this episode, we’re going to talk about a common mistake that many businesses make – underpricing. Let’s explore why some firms fall into this trap and how to avoid it. Listen below. 0:34 – In this episode, we delve into why some firms struggle with underpricing and how to avoid it to achieve better results. 1:20 – Good pricing strategies can lead to earning more while spending less time with clients, while poor p
SkagitCountyTaxServices
APRIL 27, 2023
If you’re doing the books, juggling the hiring, navigating supply problems, delivering work to clients, and thinking about big-picture items for the year … you might be a small business owner. If you’ve got a lot on your mind and more gets added daily? You might be a small business owner. If you don’t have a big staff and get pulled in a lot of different directions and you’re doing the mundane task of organizing your tax documents … you might be a small business owner.
ThomsonReuters
APRIL 27, 2023
Final Rule: PPACA, HHS Notice of Benefit and Payment Parameters for 2024, 45 CFR Parts 153, 155 and 156, 88 Fed. Reg. 25740 (Apr. 27, 2023); Fact Sheet: HHS Notice of Benefit and Payment Parameters for 2024 Final Rule (Apr. 17, 2023) Final Rule Fact Sheet HHS has finalized regulations that amend and refine several benefit payment parameters and other Affordable Care Act (ACA) insurance market and Exchange related rules for 2024.
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FraudFiles
APRIL 27, 2023
What documents must be obtained in a divorce proceeding when your forensic accountant needs to evaluate and investigate the income of the parties? In the below video, Tracy Coenen lists some of the basic documents that are needed to analyze wages, self-employment income, and investment income.
ThomsonReuters
APRIL 27, 2023
Proposed Rule: HIPAA Privacy Rule To Support Reproductive Health Care Privacy, 45 CFR Parts 160 and 164, 88 Fed. Reg. 23506 (Apr. 17, 2023); HIPAA Privacy Rule Notice of Proposed Rulemaking to Support Reproductive Health Care Privacy Fact Sheet (Apr. 12, 2023) Proposed Regulations Fact Sheet In response to the U.S. Supreme Court’s ruling in Dobbs v.
Insightful Accountant
APRIL 27, 2023
The renewal process for the annual QuickBooks Online ProAdvisor Certifications is now underway, and ProAdvisors have until June 30 to get required recertifications.
ThomsonReuters
APRIL 27, 2023
QUESTION: Due to the COVID-19 emergency, we have been required to extend deadlines for participants and beneficiaries to submit claims and appeals under our employee benefit plans. How does the end of the COVID-19 national emergency affect these extensions? ANSWER: Various plan-related deadlines have been extended—but for no longer than one year—by disregarding (tolling) the COVID-19 “outbreak period,” which ends 60 days after the end of the national emergency unless another end date is announc
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CPA Practice
APRIL 27, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA discuss useful techniques for managing data within a firm. Click here to visit the podcast page.
Insightful Accountant
APRIL 27, 2023
Designed to strengthen and expand the leadership skills of promising young professionals, the Academy seeks to train the next generation of leaders.
Withum
APRIL 27, 2023
Explore Other Episodes #CivicWarriors #WithumImpact The post Community Banking With ICBA appeared first on Withum.
Cherry Bekaert
APRIL 27, 2023
The cannabis industry is a rapidly growing sector that has experienced significant growth in recent years. However, the industry faces unique challenges in terms of regulation and compliance, which can have a significant impact on the success of cannabis businesses. For Operators that have taken their companies public or are considering going public, one of the most important regulations they must comply with, or plan for, is the Sarbanes-Oxley Act (SOX) , which sets out requirements for corpora
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"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.
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