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Accounting Today
JUNE 1, 2022
Wed.Jun 01, 2022
105 
How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill
Withum
JUNE 1, 2022
Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) metho
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Tax Service Firm in Norwalk, California
MyIRSRelief
JUNE 1, 2022
Are you in need of a tax service provider? We can help you resolve your tax service issues. Your problem will not be solved by paying interests, fines and fees. You need to seek help from a professional tax service provider. You need someone to help you in terms of business bookkeeping, tax preparation, tax planning and even with tax controversy. We can also give assistance when it comes to IRS audit help.
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.
Welcoming our new US Xero Partner Advisory Council (XPAC) members
Xero
JUNE 1, 2022
Xero continues to grow in the US and Canada, and it’s important that we continue to seek feedback from our partners and advisors on how best to meet their needs. We recently hosted our US Xero Partner Advisory Council (XPAC) meeting in Denver to hear from our valued accounting and bookkeeping partners about what matters most to them. Our XPAC members provide crucial insights and advice, and help inform us on the issues and challenges they’re seeing in the accounting industry.
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Accounting Department Turnover Is Costing You More Than You Think
AccountingDepartment
JUNE 1, 2022
The Great Resignation took the United States workforce by storm and stalled the productivity of many companies while trying to fill open positions and smooth out operations in a post-COVID landscape.
Untangling Issues Related to State Tax Withholding for Remote Employees
Patriot Software
JUNE 1, 2022
Before the pandemic, fewer than 6% of Americans worked from home. But by the end of 2022, experts project that number will increase to 25%. So, there’s some bad news: The confusion around state tax withholding for remote employees is going to stick around—at least for the short term. We know that withholding taxes can […] READ MORE.
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.
When Is the Right Time to Leave Public Accounting?
Going Concern
JUNE 1, 2022
When I started in public accounting, one of the audit partner s I worked with shared the elevator metaphor: working in public accounting is like riding an elevator—the longer you stay on, the higher up you will go. When should you leave? The go-to response from all partners at every firm ( stay until manager ) is probably the biggest load of horseshit they will ever try to sell you—although “ one year here is the same as two or three in industry ” and “I had to do that, so you should, too” are c
Five Things You Can Do THIS WEEK for Better Power Platform Governance and Reporting
Withum
JUNE 1, 2022
Governing your Power Platform implementation is critical to assure that citizen developers can innovate quickly and securely in a scalable way. There’s a lot to consider, and getting started with Power Platform governance can be daunting, especially for small and medium-sized businesses (SMBs) with limited IT resources. The good news is there are a few simple things you can do right now to get started, even if you aren’t ready to implement some of the more advanced Power Platform governance step
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.
Rising Interest Rates’ Impact on Accounts Receivable
Lockstep
JUNE 1, 2022
As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .
Happy Forvis Day!
Going Concern
JUNE 1, 2022
It’s official: Today’s the day BKD and DHG become Forvis. Today is a historic day as we begin serving clients as a top 10 professional services firm. Learn more from @FORVIS CEO Tom Watson and Chair Matt Snow: [link] pic.twitter.com/JcFMcz5xLD. — FORVIS (@FORVIS) June 1, 2022. We hope everyone at Forvis has a great day being their whole, true forward vision selves.
Happy Pride Month!
DMCL
JUNE 1, 2022
On behalf of the DMCL team, we’d like to wish all our clients, friends and family a happy Pride Month as we celebrate and uplift those in our lives who identify as part of the LGBTQ2S+ community. Today and every day, DMCL is committed to fostering an inclusive workplace and culture where our staff can feel safe, supported and free to be their authentic selves.
Small Business Heroes Honored
Intuitive Accountant
JUNE 1, 2022
The inaugural celebration by Intuit QuickBooks and Mailchimp caps off the Small Business Success Month festivities by awarding three small businesses with $20,000 each.
8 Pillars of Leadership Development
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.
Happy Pride Month!
DMCL
JUNE 1, 2022
On behalf of the DMCL team, we’d like to wish all our clients, friends and family a happy Pride Month as we celebrate and uplift those in our lives who identify as part of the LGBTQ2S+ community. Today and every day, DMCL is committed to fostering an inclusive workplace and culture where our staff can feel safe, supported and free to be their authentic selves.
Why You Should be Using Accounting Workflows
Intuitive Accountant
JUNE 1, 2022
FFP Wealth Management's John Graziano shows you how when properly organized and managed, workflows can help your team complete tasks and projects more efficiently.
Press Release: Keith Hamasaki, CPA, Named President of CalCPA Los Angeles Chapter
KROST
JUNE 1, 2022
Los Angeles, California – May 7, 2022 – KROST’s Assurance and Advisory Principal, Keith Hamasaki, CPA , has been elected President of the California Society of Certified Public Accountants (CalCPA) Los Angeles Chapter. Keith has served as a board member for the CalCPA LA Chapter since 2015 and has gained years of experience through his roles as Secretary and Vice President.
Cloud & Information Tech Sponsors at Scaling New Heights 2022 (Part 3)
Intuitive Accountant
JUNE 1, 2022
Here's Murph with more in the way of Information Tech Sponsors at this year's conference. Remember to say a special hello to the first time exhibitors.
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.
You Know Things Are Bad at EY When Its US and Global CEOs Are Beefing
Going Concern
JUNE 1, 2022
Kelly Grier. We now know the reason, courtesy of the Financial Times , why Kelly Grier decided not to seek a second term as EY US chair and managing partner and Americas managing partner. Apparently there’s no love lost between her and Carmine Di Sibio, EY global chairman and CEO. FT reported today : The head of EY’s US business quit the big four accounting firm after a power struggle with its global boss, underlining the tensions between the group’s competing fiefdoms as it considers a radical
Enjoy This Summer - With Caution
Intuitive Accountant
JUNE 1, 2022
As the father of two teen drivers, I felt compelled to share some of these stats from a press release I received from AAA.
June 2022 Summit CPA Employee Spotlight: Rob Semos
Summit CPA
JUNE 1, 2022
As a distributed company , not only do we serve our clients remotely, but our team members work remotely as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services and 401(k) audits while working remotely with (and for) our customers, and we couldn't do any of it without our amazing team.
Help Them Succeed
RitaKeller
JUNE 1, 2022
“Our chief want in life is somebody who will make us do what we can.” — Ralph Waldo Emerson. For years now, many CPAs in public practice have lamented that they have no one to replace them. One of the main reasons that these firms do not have young partners who will pay their retirement is the fact that the older partners did not help them… enough. Partners tend to cling to clients as long as possible.
How to Set Better OKRs and Drive Results
Advertiser: Paycor
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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