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VCs and growth-oriented startups are focusing on CAC payback period as one of the best measures of growth efficiency and potential profitability. The post Measuring Your Startup’s CAC Payback Period appeared first on Burkland.
The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.
The 2023 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (short: Trends report) was released last week and spoiler alert, it’s dark. There’s a ton to dig into, while we’re doing that here’s a taste. This is all anyone cares about anyway right? Says the AICPA, bachelor’s degree completions in accounting dropped 7.8% from 2021–2022 after steady decline of 1-3% per year since 2015–16.
Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Thirteen states have agreed to participate in a trial run of the IRS’s free online return filing system, called Direct File, during the 2024 tax season, the agency said on Tuesday. Danny Werfel “This is a critical step forward for this innovative effort that will test the feasibility of providing taxpayers a new option to file their returns for free directly with the IRS,” IRS Commissioner Danny Werfel said in a statement on Oct. 17.
By Bhairavi Parikh, CPA. Social Security is a program designed to offer retirement benefits and disability income to eligible individuals, as well as their spouses, children, and survivors. In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit totaling about $1.4 trillion in benefits paid. Out of 67 million, 52 million are retired, 8.7 million are disabled, and 5.8 million are survivors.
By Bhairavi Parikh, CPA. Social Security is a program designed to offer retirement benefits and disability income to eligible individuals, as well as their spouses, children, and survivors. In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit totaling about $1.4 trillion in benefits paid. Out of 67 million, 52 million are retired, 8.7 million are disabled, and 5.8 million are survivors.
A majority of U.S. organizations are communicating pay information to their employees, according to a new survey by global advisory, broking and solutions company WTW. The 2023 Pay Transparency Survey found that increasing regulatory requirements are encouraging organizations to communicate their organization’s broader pay policy. However, barriers to pay transparency remain as employers fear increasing questions and are concerned about their effectiveness in educating their workforce on this co
Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.
By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.
Last May the IRS announced that it would be piloting a free, government-provided online tax filing option called Direct File next year after a feasibility study concluded that the agency was technically capable of providing this type of tool to taxpayers and that there was interest among taxpayers in using an IRS-provided program to prepare and file their taxes.
Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. 422. These standards impact emerging small and large businesses alike. They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles. Ultimately, the Federal government wants a reliable basis for cost comparison and decision making.
Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” NRF President and CEO Matthew Shay said.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
How AI & New Technologies Are Changing the Game As legal technology advances, law firms are becoming more efficient and improving client experiences. However, this also raises concerns about the future role of human talent in law firms. The legal workforce’s roles are changing due to established systems like cloud storage and newer innovations like generative AI.
A U.S. citizen residing in the Principality of Monaco has pleaded guilty to tax evasion for concealing from the IRS over $5,130,000 in income derived from a real estate transaction and securities investments in offshore bank accounts. According to court documents and statements made in court, Stephen L. Schechter was a licensed U.S. investment banker, U.K. corporate finance advisor and owner and operator of a U.S.
Media across the pond is reporting this morning that KPMG UK is laying off about 6% of its deal advisory people, 110 employees according to City A.M. The remaining 1700 or so deals folks have been informed not to expect any raises this year. Said a KPMG spokesperson to City A.M. : “A challenging economic environment has driven a softening in a number of markets, including the deals market.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Let’s be realistic. If you did some work for a client but they weren’t happy because you made a big mess of it, would you insist on charging them extra to correct your mistake? I hope you wouldn’t even consider trying to charge extra to resolve a mistake of your own making. To my mind this is the start of a service guarantee. And it’s the sort of thing, which, if promised up front, can help generate confidence from prospective clients.
On November 1, 2022, the Centers for Medicare & Medicaid Services (CMS) released its finalized 2023 Medicare Physician Fee Schedule (MPFS) final rule. Among other critical updates summarized by CMS, the 2023 MPFS includes a reduction in the conversion factor from $34.6062 to $33.0607, reflecting the expiration of the temporary 3% supplemental increase in fee schedule payments for CY 2022.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Last week, I had the privilege of attending the 2023 Microsoft Power Platform Conference in Las Vegas, Nevada. The conference was a huge event that brought the Power Platform community together from across the globe to discuss upcoming news and the future of the Power Platform. This year, the event’s overall theme focused heavily on Microsoft Copilot, which will be generally available for enterprise customers on November 1, 2023.
Healthcare-related not-for-profits have a myriad of different funding sources that support operations. These can come in the form of contributions, program service revenue, and governmental grants. With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Menzies LLP - A leading chartered accountancy firm. Nicky Purnell , Marketing Director, Jodie Watling , Director, Wealth Management, and Penny Hitch , Manager discuss all things menopause and how to cope in the workplace. The speakers discuss multiple topics such as personal top tips and small changes your workplace could make to create a huge difference.
Avalara, Inc. , a provider of cloud-based tax compliance automation for organizations of all sizes, is partnering with Oracle NetSuite to help customers to streamline invoicing even more within NetSuite. NetSuite Electronic Invoicing, which is powered by Avalara, will allow organizations to increase efficiency, reduce costs, and address compliance with global e-invoicing mandates.
Outsourcing accounting services has proven to be a game-changer for many companies. Beyond streamlining accounting processes, it offers numerous benefits that go beyond having an in-house person or a small team managing everything. Let’s delve into what you can expect from outsourced accounting services at the CFO and Controller level, along with specific examples of.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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