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Going through a down round isn’t ideal, but plenty of startups have successfully leveraged one — or several — on their way to success. Whether you’re considering this option because of internal factors (like lackluster financial performance) or external ones (like market conditions), you want to maximize benefits and mitigate risks. And that means carefully evaluating what the down round will mean for your company.
As part of its crackdown on high-income, high-wealth individuals who have not paid what they owe, the IRS said on Oct. 20 that it has recovered $160 million in back taxes so far this year. The IRS said it has collected $122 million from 100 wealthy taxpayers, in addition to the $38 million the agency collected from more than 175 other high-income earners earlier this year.
If any finance process is overdue for innovation, it’s procurement. For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend.
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.
Welcome to the first article of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-One, Preparation appeared first on Burkland.
AI was a constant presence at SuiteWorld this year, whether it was the focus of the presentation itself or folded into the topic. AI even featured in the high-octane opening session with a spoof about hallucinations from Evan — NetSuite’s not-quite-ready-for-prime-time AI assistant. There were at least three sessions specifically on AI-powered solutions, plus NetSuite had an AI Center on the floor in case you wanted more information.
As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year.
As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year.
CPA.com, the business and technology subsidiary of the American Institute of CPAs, has added a suite of practical tools as part of its ongoing initiative to enable accounting and finance professionals to build their knowledge of generative AI and assess the opportunities and the risks of implementing the transformative technology into their practices.
After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.
Are you feeling generous during this holiday season? If so, you may be inclined to increase your charitable gift-giving at the end of the year. Generally, you can reap some tax rewards for your benevolence, but you must contend with several special rules. Notably, you can claim deductions for charitable donations only if you itemize instead of taking the standard deduction on your personal return.
Recent legislation, through the Inflation Reduction Act (IRA), greatly enhanced and created energy tax credits and incentives available to many industries through the U.S. For the industrial manufacturing industry, two energy tax credits that stand to provide incredible advantages are the Advanced Manufacturing Production Credit: Section 45X and Advanced Energy Project Credit: Section 48C.
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.
More than six out of 10 U.S. employers are in agreement about plans to manage company healthcare costs and enhance mental health programs. With these matters top of mind for the foreseeable future, 62% of employers are implementing initiatives to address both, balancing cost and talent considerations as they set a “go-forward” health and well-being strategy, according to a new survey by WTW, a global advisory, broking and solutions company.
The paper-pushers at the PCAOB have punished another audit firm for running afoul of their rules , this time it’s Smythe of British Columbia, Canada and no one involved in this story is based in the United States except for said paper-pushers. A quick Google says Smythe has about 200 employees and $32.9 million in revenue. What egregious sin did Smythe commit worthy of a $175,000 fine?
As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct. 20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. Over time, companies will be able to check their tax payment history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS.
If you are a BPO or CAAS provider struggling with your current desktop or cloud accounting systems to support all of your clients, it might be time to look at NetSuite.
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.
Anders is proud to announce that Julia Deien , Jason Gotway , Jane Maddox, CPA , and Sean McKenzie, CPA are being named partners of the firm, effective January 2024. The new group of partners was announced at the annual all-firm meeting in October, which the entire firm attends. They will join the rest of the partner group in guiding the firm and identifying new opportunities in addition to developing and maintaining client relationships.
As a vital part of the global economy, modern manufacturing continues to provide a course to rising incomes and living standards, innovation and competitiveness. Despite the disrupting factors of the past decade such as pandemic lockdowns, supply chain issues, and environmental and economic events, manufacturing is an evolving industry marked by both ongoing challenges and significant opportunities.
A firm's strength lies in its dedicated team of professionals committed to ensuring client satisfaction, regulatory compliance, and streamlined operations.
Loading the dishwasher is a daily job in most households. And, to get clean dishes and not melt your plastic to-go containers, you’ll need to arrange things well. And, according to Consumer reports , there actually is a right way to load yours. While doing the dishes the right way means cleaner dishes, doing things the wrong way won’t have any kind of crazy consequences.
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.
Does your small business provide a 401(k) plan for your employees? If it does, the employees can contribute to their accounts within generous limits, building up funds for their retirement. Furthermore, the tax law allows 401(k) participants to make additional “catch-up contributions” when they’re past the prime of their careers. Even better the new retirement planning last passed late last year—dubbed SECURE 2.0—generally enhances the rules for catch-up contributions.
Date: Monday, November 13, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Are you ready for the upcoming tax season? Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect tax preparers and paye
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.
Are you ready to embark on an incredible journey of innovation and transformation in the heart of Amsterdam? The countdown to AppExchange Live has begun, and Accounting Seed is proud to be a key sponsor of this exceptional event. Why attend AppExchange Live in Amsterdam? AppExchange Live is Salesforce’s premier, one-day event for connecting with experts, partners, and peers in the Salesforce ecosystem.
It’s never too early to think about filing your taxes. For the 2023 tax year filing, we summarize below the changes relating to Business Meals, RMDs, CA Enterprise Zone Credits, and Bonus Depreciation. Starting in January 2024, the new “Beneficial Ownership” reporting requirement takes effect. Give our offices a call if you have any questions. The post Tax Changes for Your 2023 Filing and a Brand New 2024 Reporting appeared first on LSL CPAs.
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.
Bill, a financial operations platform for small and midsize businesses, has has added automation technology to help SMBs and accounting firms get better control and visibility of their accounts payable workflows. SMBs and accountant customers of BILL using Intuit QuickBooks Desktop software, including QuickBooks Enterprise, QuickBooks Premier, and QuickBooks Pro, now have the ability to view purchase orders, as well as match and pay invoices in one workspace.
Having statistics to back up the success of a company's product or service is crucial in today's data-driven business environment. It aids in validating the company's claims and reaffirming its credibility in the eyes of consumers, stakeholders, and competitors alike.
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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