Thu.Oct 13, 2022

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2 Big Reasons Why You’re Having Trouble Scaling Advisory Services

Ryan Lazanis

With the growing number of firms entering the virtual CFO and advisory space, there are two important things that you need to know to prevent being in a bottleneck position and improve your chances of scaling your firm. Listen Below. 0:32 – There are two reasons why many have trouble scaling their virtual CFO and advisory services. 0:54 – W e want to create a model that can scale, and which can operate systematically, in a fashion where no bottlenecks exist. 1:08 – The first bi

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Tricky items for sales tax

TaxConnex

We’re fond of saying that nothing’s ever easy in sales tax. And here we’ll kick off our run toward Halloween with a look at one of the newest and trickiest areas of sales tax: electric vehicle chargers and charging. This new line of business raises a few sales tax questions, chiefly regarding the electricity flowing into the vehicles. Though states like Kentucky are considering or already have additional fees for owners of electric cars, most states are still fuzzy on whether the customer or the

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IRS sending millions of letters on claiming tax benefits

Accounting Today

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What Is the ABC Test, and How Can Small Business Owners Comply?

Patriot Software

The laws surrounding worker status have long been ambiguous. Deciding whether a worker is an employee or independent contractor has been largely left up to the employer’s discretion. Not anymore. Thanks to California’s 2018 court ruling, workers are now presumed to be employees. If you think that employers in California are the only ones affected […] READ MORE.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

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Social Security benefits to rise 8.7% in 2023 for inflation

Accounting Today

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Must Applicable Large Employers File ACA Information Returns Electronically?

ThomsonReuters

QUESTION: We added a large number of full-time employees in 2021 and became an applicable large employer (ALE) in 2022. We are preparing to file Forms 1094-C and 1095-C with the IRS in early 2023. Do we have to file the forms electronically? ANSWER: The filing method—paper or electronic—depends on the size of the ALE. As background, the Affordable Care (ACA) enacted Code § 4980H, which imposes employer shared responsibility penalties on ALEs that fail to offer full-time employees adequate empl

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IRS Regulations Base Eligibility for ACA Premium Tax Credits on Affordability of Family Coverage; Related Guidance Allows Additional Election Changes

ThomsonReuters

Final Regulations: Affordability of Employer Coverage for Family Members of Employees, 26 CFR Part 1, 87 Fed. Reg. 61979 (Oct. 13, 2022); IRS Notice 2022-41 (Oct. 11, 2022). Regulations. Notice. The IRS has finalized regulations that change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) by providing that, for taxable years beginning in 2023, affordability of employer-sponsored coverage for an employee’s family members is based on the employee’s cost to cover

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FASB decides to measure digital assets at fair value

Accounting Today

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A Breakdown of the Colorado Occupational Privilege Taxes

Patriot Software

A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. What is occupational privilege tax? Occupational privilege taxes (OPT) in Colorado […] READ MORE.

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Climate-related financial disclosures on the rise, but not enough

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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The Lowdown on New York’s ECEP Tax

Patriot Software

If you’re an employer in the state of New York, you may have heard of the Employer Compensation Expense Tax (ECET) that started in 2019. But, did you know that the ECET, established by the Employer Compensation Expense Program (ECEP), is optional? Although you aren’t required to pay the ECET, you may choose to do […] READ MORE.

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How CPAs can communicate with clients in a digital world

Accounting Today

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A Look at Deferred Compensation Plans

Patriot Software

For many employees, generous benefits are more important than pay raises. There are many benefits options you can offer to attract and retain employees, including deferred compensation plans. Learn what a deferred comp plan is, which types you might offer, how they benefit both employees and you, how deferred compensation tax works, and how to […] READ MORE.

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Are you a new Certified Management Accountant? Avoid these 4 mistakes at all costs

Accounting Today

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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Small business bookkeeping for dummies

Reckon

Ok, so you’ve finally got your small business idea off the page and into the real world. You did it! Nice job. But now that you’re consumed with providing your goods, building a brand and turning over some cash, you might have forgotten the lurking reality in the background – bookkeeping! Bookkeeping may not be your forte, but don’t despair, with some basic knowledge, a bit of discipline, and some software tools, you can master the basics with ease.

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Tax Fraud Blotter: Fathers' day

Accounting Today

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FLSA Provisions for Recovering Back Pay

Patriot Software

Employees might be entitled to back pay based on several federal and state laws because of the Fair Labor Standards Act (FLSA). The FLSA is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might […] READ MORE.

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IRS extends transition period for enhanced R&D tax credit reporting requirements

Accounting Today

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8 Pillars of Leadership Development

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.

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Xero is named one of the UK’s ‘Best Workplaces’ for women and in the tech industry

Xero

Building an inclusive, supportive workplace where everyone can do the best work of their lives sits at the centre of everything we do at Xero. Actually it’s the thing that attracted me to Xero, and was the driving factor in most of our employees applying to join the team. That’s why we are proud to be ranked so highly in two specific Best Workplaces lists – both in areas that are very close to our hearts. .

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U.K. officials are working on a U-turn for Truss tax-cut plan

Accounting Today

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Calculating Weighted Overtime for an Employee With Multiple Pay Rates

Patriot Software

Do you have an employee who has two or more positions in your business with different pay rates? Does that employee work overtime? If the answers to these questions are yes, you need to know about weighted overtime. Weighted overtime is common in small businesses that pay multiple pay rates to an employee. Learn what […] READ MORE.

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Unpacking the AASB for Not For Profit

Accounting for Good

The post Unpacking the AASB for Not For Profit first appeared on ACCOUNTING FOR GOOD.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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What Is a Taxpayer Identification Number?

Patriot Software

Whether you’re submitting payroll or tax return forms, opening bank accounts, or establishing retirement plans, you need to identify your business. To run your business, you need a taxpayer identification number (TIN). Find out what a federal tax identification number is, types of tax ID numbers, and how to obtain them. What is taxpayer identification […] READ MORE.

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5 Ways to Better Manage the Human Side of Your Practice

Intuitive Accountant

In a time when making your practice's brand matter, BrightMark Consulting's Jane Cavalier offers tips for building a reputation—and name—that people can trust.

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What Is the Difference Between Qualified vs. Nonqualified Plans?

Patriot Software

Deferring compensation is one strategy employees can use to reduce their tax liability. Qualified and nonqualified are the two types of deferred compensation plans. To keep your business legal, learn how qualified vs. nonqualified plans differ. Qualified vs. nonqualified plans Qualified and nonqualified deferred compensation plans are both employee benefits for small business.

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The Challenges of Budget Season and How To Improve Your Process

AccountingDepartment

Many financial leaders dread the annual budgeting process, especially those who rely on multiple spreadsheets, manual reconciliation and data management, and outdated systems and resources.

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How to Set Better OKRs and Drive Results

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.

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Should You Offer a Nonqualified Deferred Compensation Plan?

Patriot Software

You know employees like employer-sponsored benefits. As an employer, offering benefits is advantageous for your business, too. A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […] READ MORE.

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Technology in [NFP] accounting

Accounting for Good

The post Technology in [NFP] accounting first appeared on ACCOUNTING FOR GOOD.

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Live from Sage Transform 2022 – Sage Intacct Manufacturing

Intuitive Accountant

Murph is offering a first look at Sage Intacct’s new Manufacturing offering.

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The Merits of Partial Sale and Rollover Equity

KROST

Introduction to Rollover Equity When business owners are considering the sale of their business, they tend to make two assumptions that limit their options – sell to a strategic buyer and sell 100% of their company. Let’s look at the first assumption. It is true that many M&A deals involve the sale of one corporation Read the full article. The post The Merits of Partial Sale and Rollover Equity appeared first on KROST.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

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.