Lockstep
DECEMBER 2, 2022
Accompls. To today’s business environment, the need for streamlined and organized accounting procedures is paramount. Accounting teams need constant vigilance to keep a clean inbox, and to ensure accounts, communications, and next best activity is organized. Whether you use post-its, remote folders, folders in your email account, or you keep data in a spreadsheet, organization is key to financial health.
Going Concern
DECEMBER 2, 2022
It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for p**s-poor audit work performed by skeleton crews. So, any day now. I’m sharing this r/accounting post so six months from now we can look back on it and fondly remember a time when it seemed desperate for partners to be out combing the LinkedIn meat market for talent leads.
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Going Concern
DECEMBER 2, 2022
Remember PPP loans? The Small Business Administration defines PPP as “an SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.” Remember all the layoffs and pay cuts at accounting firms we were meticulously tracking in early 2020? Transparency group OpenTheBooks.com crunched the numbers using Small Business Administration data and found $635 million in forgiven PPP loans by 237 accounting firms, some of which also appear on the layoff list.
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.
Ronika Khanna CPA,CA
DECEMBER 2, 2022
Note that the T5 slips for calendar year (ended December 31st) 2022 are due by February 28, 2023. This post and the T5 calculator have been updated to reflect If you are the owner of a Canadian corporation, you can choose to pay yourself (and other shareholders) dividends instead of a salary. Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Snyder
DECEMBER 2, 2022
With big corporations dominating global and local markets, small business owners were previously at a severe disadvantage. Multinational companies have millions to spend on marketing and establishing recognizable brands. Most consumers have flocked to these corporate giants because of their names alone. Without gargantuan marketing budgets, small business owners had to struggle to make an impact and establish footholds in their local markets.
Randal DeHart
DECEMBER 2, 2022
Cutting costs can be a quick and easy way to improve the profitability of your construction business. Introducing cost-control measures can bring immediate savings and ensure you remain profitable in the long term. But cost-control measures must be carefully managed. Eliminating errant expenses is beneficial, but indiscriminate cost-cutting could lead to a drop in quality or poor morale if staff fear being made redundant or are not given the tools they need to do their job efficiently.
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.
Withum
DECEMBER 2, 2022
Set Your Company up for Success in 2022. View On-Demand Webinar. Join Withum’s tax experts for a timely overview on year-end tax planning and how you can minimize your tax bill this year. Learn what steps you can take now to set your company up for success in 2022. View our on-demand webinar to : Review new tax legislation. Explore practical steps individuals and businesses can take before year-end to minimize taxes.
Accounting Today
DECEMBER 2, 2022
Shay CPA
DECEMBER 2, 2022
Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits? The R&D credit application (form 6765) filed with a timely filed tax return can provide your startup with additional runway to either invest back into the company for a key hire.
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.
Canopy Accounting
DECEMBER 2, 2022
Are you looking for accounting software or practice management software? Or, are you still not sure? Well, we can help! There’s actually a big difference between a practice management solution and accounting software and we’re going to demystify the big bad world of these different products today - getting you back on track and finding the solutions you need!
Patriot Software
DECEMBER 2, 2022
In 2021, the median pay for accountants and auditors was $77,250 annually. But the highest 10% of accountants earn over $128,970. And if you’re like most hard-working accounting professionals, you may wonder how to make more money as an accountant. To make more money, you need to amp up your income. And as we all […] READ MORE.
FraudFiles
DECEMBER 2, 2022
With the end of the year approaching, it’s a good time to talk about some tax mistakes that can be very painful. With a tax code as huge and as complex as ours in the United States, there are countless mistakes we can make in preparing and filing our taxes.
Advertiser: Paycor
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.
Accounting Insight
DECEMBER 2, 2022
Organisations don’t just grow in size – they also grow in complexity. What started as a single business or nonprofit can become a web of connected entities. It’s quite likely that the different parts of the organisation will be using different accounting systems, which don’t speak to each other and may no longer be up to the job anyway. It all adds up to a serious headache for the finance department that’s trying to keep track of everything and produce accurate consolidated accounts.
ThomsonReuters
DECEMBER 2, 2022
The IRS has released Notice 2022-61 , as published in the Federal Register on November 30, that provides guidance on the prevailing wage and apprenticeship requirements for clean energy tax credits provided under the Inflation Reduction Act ( P.L. 117-169 ) [87 FR 73580, 11/30/2022]. Background on provisions. On August 16, 2022, President Biden signed the Inflation Reduction Act (P.L. 117-169), that included provisions for increased clean energy tax credits or deduction amounts if certain prevai
Accounting Insight
DECEMBER 2, 2022
A positive workplace culture is widely recognised as one of the secrets to high performing businesses. At leading outsourced communications business Moneypenny, culture has always been a top priority and now, having received the Great Place to Work accolade, it’s being celebrated as a best practice example of how to harness workplace culture for success.
Xero
DECEMBER 2, 2022
Cast your mind back to 2020. Or maybe don’t. In the UK pandemic measures were in place, the country was in lockdown, and times were even tougher than usual for small businesses and employees. . For Jack and Harry Findlay, who had worked in the flooring industry for many years, the time had come to make a choice: wait and hope temporary furlough would end soon, or take a bold leap into the unknown by following their grandfather’s footsteps to start their own business. .
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.
Going Concern
DECEMBER 2, 2022
Slow news week this week. We managed to find some things worth mentioning anyway as we are experts in slow news weeks (698 weeks and counting!), enjoy. Talent. Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Based on my experience, I believe some of these reasons are personal and individual, but far too many of these reasons are caused by CPA firms’ leadership and can be avoided o
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