Tue.Jan 31, 2023

article thumbnail

Is My Startup Ready to Outsource Accounting?

BurklandAssociates

Key indicators like headcount, growth stage, and fundraising plans can help you know when your startup is ready to outsource accounting. The post Is My Startup Ready to Outsource Accounting? appeared first on Burkland.

Account 162
article thumbnail

Emerge stronger: Investing in growth while protecting capital.

Airbase

​ Airbase’s webinar, “Balancing cash flow and growth in an uncertain environment,” began with a telling stat. When asked how many times they’d revised their forecast in the last 12 months, 44% of attendees said they’d had to do it more than three times. Speakers Alex Clayton of Meritech Capital and Airbase CFO, Aneal Vallurupalli, weren’t at all surprised.

Finance 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inventory Planning 101: Unlocking the Secrets of Optimal Inventory Forecasting

Acterys

Retail sales in November 2022 rose 4.5% YoY. Senior Industry Analyst Ted Rossman explained that this rise “marks the slowest year-over-year retail sales growth since 2020,”. This shows that the pandemic significantly impacted consumer behavior, market demand, and supply chain operations. As retailers and manufacturers try to rebuild responsibly in a post-pandemic world, the importance of effective inventory planning has never been greater.

article thumbnail

How to tackle your first external audit, before it tackles you.

Airbase

Kelly Hicks and Robin Sharma share advice after Airbase successfully completes its first external audit. Few milestones in a company’s lifecycle demand a more focused response from finance and accounting than the first external audit. As Airbase recently secured its first, we were curious about the experience and caught up with our frontline players for some insights.

audit 130
article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

New Law Boosts Catch-Up Retirement Contributions

CPA Practice

The current tax law rules allow participants in defined contribution plans, like a 401(k) plan or a SIMPLE (short for Savings Incentive Match Plan for Employees) plan, to make elective contributions within generous limits. Similarly, individuals may contribute to IRAs outside of their workplace. But some people still need to bolster their retirement savings late in life.

Tax 119
article thumbnail

Here’s How People Did on the CPA Exam in 2022

Going Concern

The AICPA has released Q4 CPA exam pass rates which means we have a cumulative score for all of 2022 YIPPEE. As we did not discuss pass rates at all last year, let’s take a look at the whole chart and see how CPA exam candidates performed in 2022: Section Q1 Q2 Q3 Q4 Cumulative AUD 46.35% 49.13% 48.67% 47.21% 48.16% BEC 57.33% 61.53% 59.91% 60.30% 59.68% FAR 44.95% 45.66% 44.30% 40.67% 44.93% REG 60.03% 61.25% 61.78% 56.41% 61.10% Remember that the exam is not easier or harder at different

CPA 104

More Trending

article thumbnail

Jay Shepulski to Lead Private Equity Practice at Withum

Withum

Building off the substantial growth in financial services, including the SPAC sector, Withum, a top 25 advisory and accounting firm, announced the promotion of partner Jay Shepulski to the National Leader of its Private Equity Practice. In his new role, Shepulski will advise and strategize with private equity sponsors, portfolio management teams and clients to create value and provide guidance throughout the investment life cycle.

auditor 98
article thumbnail

How Organic Social Media Can Help Your Firm

CPA Practice

By Cassidy Jakovickas, CPA. As social media continues to evolve, tax and accounting firms need to evolve their strategies and tactics to stay ahead of the curve. By leveraging social media, you can increase your firm’s visibility and encourage top-quality companies to become clients. While many articles promote paid social media marketing, my team at MBS Accountancy has seen great results from organic social media efforts since 2019.

CPA 110
article thumbnail

Latest product news — February 2023

Xero

It’s time to switch to new reports If you haven’t made the switch to new reports, we urge you to start moving your work across now , so you have plenty of time to get used to them before the older versions are retired. Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead

payroll 91
article thumbnail

Professionals on the Move – January 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and leadership announcements in and around the accounting profession. Bennett Thrasher Elevates Largest Class In Firm History, Promoting Seven Professionals to Partner Bennett Thrasher , one of the nation’s largest and fastest-growing certified public accounting and consulting firms recently announced the admission of seven professionals to the partnership, effective Jan. 1, 2023.

article thumbnail

Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

article thumbnail

Your Naughty IRS Employee of the Day

Going Concern

Deena Vang Lee of Fresno, CA, was indicted in April 2019 and charged with wire fraud, aggravated identity theft, aiding and assisting in the preparation and presentation of false and fraudulent tax returns, and making and subscribing false and fraudulent tax returns. She was accused of preparing family and friends ’ returns for a fee that claimed thousands of dollars in tax credits for education and childcare expenses that she completely made up —then routed those returns for processing back to

article thumbnail

It's 1099 Season at ADC!

AccountingDepartment

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully not as tough when you have the unrivaled support of AccountingDepartment.com. "1099 Season" spans from the beginning of the year until January 31st, and during this time, the team at AccountingDepartment.com is hard at work to prepare and review over 6,000 1099's for our clients.

Tax 82
article thumbnail

MHH Practice boosts efficiency with new invoicing

Xero

Accounting has changed dramatically over the last few years. Automation, digital transformation and the acceleration of the cloud have all played an important role in shaping it. But amongst all of this change, one thing remains constant: businesses need to get paid, explains Hayden Watson, Director of UK-based accountancy firm, MHH Practice. Using technology to manage invoicing is one way to help businesses get paid on time, which may explain why invoicing remains one of our most loved feature

article thumbnail

AvidXchange Bolsters Leadership Team

Insightful Accountant

The company made several moves to drive its organizational agility and operational synergies, including naming Dan Drees as President and James Sutton as Chief Revenue Officer.

77
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

article thumbnail

Survey: 40% of U.S. Companies Reported a Data Leak in the Past Year

CPA Practice

A new survey of 205 U.S. IT professionals from SaaS company SysKit revealed that 40% of companies experienced a data leak in the last 12 months. “Data leaks have multifaceted costs. Companies face losing business-critical certifications, receiving huge fines, hurting reputation, losing customers, and losing their competitive edge,” SysKit said. Improper implementation of zero trust and full trust approaches can lead to data leaks, SysKit said.

article thumbnail

QuickBooks, Mailchimp to Host Fireside Chat for Black History Month

Insightful Accountant

The virtual fireside chat highlighting the challenges and courage of small business owners features actress Issa Rae, and TV host and former NFL player Nate Burleson. Get the details for the Feb. 1 event here.

article thumbnail

10 Best Practices to Strengthen Your Business's Finances This Year

GrowthForceBlog

7 min read As we said our farewells to 2022, it's time for business leaders to look back on the previous year in order to reflect, evaluate, understand, and learn from its failures and successes.

Finance 72
article thumbnail

Planning and Integrating Technology Pre and Post an Acquisition

Cherry Bekaert

Stay Connected Integrating technology before and after an acquisition is critical to an organization’s success, yet it’s often overlooked. When acquisitions transpire, there are often redundancies. Regardless of the industry, optimizing and streamlining operations will result in efficiency and higher productivity to effectively sustain short- and long-term growth.

article thumbnail

No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

article thumbnail

FICPA Members “Hike the Hill” in Tallahassee to Advocate for CPA Profession

CPA Practice

The Florida Institute of Certified Public Accountants (FICPA) on Jan. 25 held its annual in-person advocacy event, Hike the Hill, at the Florida Capitol in Tallahassee. The event – which was the Institute’s second full-member, fly-in advocacy day – brought FICPA members together with lawmakers to advocate on behalf of the CPA profession in Florida. “During Hike the Hill, our members met with numerous policymakers who make an impact on our profession every day,” FICPA Board and Council Chair Ju

CPA 69
article thumbnail

First Steps to Streamline Your Processes

Withum

Take a moment to think about your daily business operations – do you notice high stress levels from your staff? Are their day-to-day tasks tedious, outdated, and time-consuming? Are you receiving internal and external complaints about your business operations? These could all be signs that it is time to streamline one or several organizational processes. “Streamlining processes” is the practice of removing unnecessary steps or automating manual ones to better leverage your resource

CPA 59
article thumbnail

Georgia CPAs Advocate for Profession at State Capitol

CPA Practice

More than 100 members of The Georgia Society of Certified Public Accountants (GSCPA) recently met at the state Capitol to share their thoughts on important issues facing the accounting profession with their elected officials. CPA Day attendees enjoyed a networking breakfast followed by a legislative update. Georgia Senate Finance Chairman Chuck Hufstetler and House Ways and Means Committee Chairman Shaw Blackmon were in attendance.

Georgia 69
article thumbnail

Need more time? Look to your client engagement and payments processes to find it

ThomsonReuters

Running a successful accounting or bookkeeping business is more than just working with numbers. And while administrative tasks are critical for keeping your business running smoothly, they can take time and focus away from serving clients. If you’ve ever found yourself saying, “I need more hours in my day,” it may be time to look at using technology to streamline tasks that take up a lot of valuable time.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

Avalara AvaTax, Returns, and Exemption Certificate Management Achieve SOC 2 Type 2 Compliance

CPA Practice

Avalara, Inc. , a leading provider of cloud-based tax compliance automation for businesses of all sizes, has announced its Avalara AvaTax , Avalara Managed Returns , Avalara Returns for Accountants , Avalara Managed Returns for Accountants , and Avalara Exemption Certificate Management solutions have successfully completed the Service Organization Control (SOC) 2 Type 2 examination.

audit 64
article thumbnail

The Most-Fined Big 4 Firm in the UK is Raising Audit Fees, Knows Clients Will Complain About It

Going Concern

Bloomberg reported today that KPMG UK CEO Jon Holt told them the firm plans to raise audit fees, news that comes on the same day we find out KPMG UK revenue increased 12% to £2.72 billion ($3.3 billion) for their fiscal year ending in September. Much of that did not come from audit however, deal advisory is up 24% and consulting 22%. Consulting will continue to be the main engine of growth in 2023, while deal advisory is expected to grow at a slower pace, wrote Bloomberg.

audit 56
article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Accounting and tax software have made it possible for small businesses to get along without having an in-house accountant. Depending on the business’s complexity and the owner’s appetite for accounting tasks, small businesses can thrive for years with just an occasional phone call with an accounting software’s customer support line. However, as businesses grow, accounting issues get more complex, and tax filings become too cumbersome for owners to handle.

Account 52
article thumbnail

Financial literacy 101: the only guide you’ll need to start managing your finances like a pro

Reckon

Anthony Martin, Founder and CEO of Choice Mutual , says, “Investing is one of the best ways to grow your wealth over time. But make sure you find an investment strategy that fits your goals and risk tolerance. And don’t forget to diversify your portfolio.” It’s never too early to start learning about financial literacy. But, the sooner you start, the better off you’ll be down the road.

Finance 52
article thumbnail

Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

article thumbnail

Survival of the Fittest?

Withum

Without question, the last few years have been amazing to see in the dealership business. Watching a global pandemic kick off what would become the most profitable period in the car business has been excellent. Thanks to a worldwide semiconductor shortage (followed by other parts, including seat foam) and cash infusions from the Federal government under the Payroll Protection Plan (“PPP”) versions 1 and 2, most dealerships are financially more substantial than they have ever been.

article thumbnail

Recessions Drive an Increase in Fraud – How your Company Can Proactively Prevent Fraud

Anders CPA

From financial executives issuing warnings to massive layoffs in the tech sector, virtually everywhere you look in the news lately, signs suggest the United States economy may be headed for a recession. Whether that actually occurs remains to be seen, but as many news articles suggest, it’s wise to prepare business and personal finances should that unfortunate scenario become a reality.

article thumbnail

Startup Checklist: List of Things Needed to Start a Business

Patriot Software

If you’re thinking about starting a business, you’ve probably seen the business startup checklists online and already know them like the back of your hand. Make a plan. Choose a business structure. Secure funding. Register your business name.

Account 52
article thumbnail

PayPal and Venmo Now Available as Trusted Payment Methods within QuickBooks Online

CPA Practice

The path for accepting online payments has gotten a little easier for your business clients who use QuickBooks Online. PayPal and Venmo*, two of the most popular ways for consumers to pay, are now integrated with QuickBooks Online. For your clients, that means online checkout includes options to pay with PayPal and Venmo , as well as use Apple Pay, credit and debit cards, and ACH transfers.

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.