Wed.Sep 14, 2022

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Signs It May Be Time For a New Accountant

AccountingDepartment

Hiring your first accountant, whether it be internal or external, for your business is a big step in terms of growth. It provides some further assurance that your company's finances will be kept in check. However, the first accountant or the current accountant that you work with might not be the best accountant or even the best option for your business.

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Taking Aggressive Tax Positions in Light of the Expected IRS Hiring Binge

Withum

Thanks to the Inflation Reduction Act the IRS is hiring thousands of new field agents and examiners. Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics. As a result, the chances of getting audited became about the same as the odds of winning the Power Ball lottery.

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4 Accounting Tips to Run a Profitable Professional Services Company

Basis 365

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. It is only half of the job to provide your consulting services. In addition, your business must send accurate invoices to clients and collect payments promptly. For a service-based business to be profitable, it is essential to track time and invoicing accurately.

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Hitting the Road? Everything You Need to Know About Travel for Work

Patriot Software

As a business owner, traveling for work can be exciting. After all, who doesn’t like going to a new place and meeting new people? But, travel for work can also be time-consuming, complicated, and frustrating. That’s why we’ve put together some travel tips to make travel for work more manageable. Keep reading to learn how […] READ MORE.

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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.

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Been Burned by Outsourcing Before? Let's Talk about It.

GrowthForceBlog

6 min read. Making the decision to enlist an outside company to handle any portion of your business is a big choice and one that should not be taken lightly. With the right outsourced professionals, your business stands to improve leaps and bounds. Selecting the wrong outsourced service provider, however, can cause irreversible damage to your company with inefficient and unorganized systems, poor communication, lowered standards, and unhappy customers.

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Rob Israch Named Tipalti's First President

Intuitive Accountant

As part of his new role, Rob Israch will assist Tipalti in ushering in the company's next phase of growth.

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Future Forward 2022: Staffing and Retaining Talent Best Practices

Intuitive Accountant

Learn how successful firms staff for scaling, security and exceptional client experiences. Sign up for the Oct. 4 webinar now.

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The Right Document Management System for Your Accounting Firm | Canopy

Canopy Accounting

Your company could be stacked with all kinds of human talent. A whole office building of ambitious, albeit nerdy, accountants with Ivy League universities listed on their resumes.

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Enhance Accounting Operations for E-commerce Businesses with Synder Sync

Snyder

Managing an e-commerce business may be both a blessing and a curse. In order to develop new strategies and level up business performance, all processes need to be run attentively and correctly. Even a small mistake may cause a ton of problems and result in a penalty if the discrepancies are noticed by the IRS during the tax season. Keeping track of the finances can be time-consuming, involve lots of numbers and terminology a business owner might not be familiar with.

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What's New in QuickBooks Desktop 2023

SchoolofBookkeeping

QuickBooks Desktop 2023 being released. Each year, QuickBooks Desktop comes out with a new version and a sprinkling of new features. This year's version has a few key features for specific businesses workflows that has been needed for some time. You might find that these features are not a great need to your business, and by all means you might not have the need to upgrade, but if you are using them currently or struggling to use a workaround, it could be a welcome relief to upgrade your version

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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.

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How to Know Your Company Needs a Virtual CFO

Summit CPA

The Virtual CPA Success Show: Episode 62. In this episode, Jamie Nau, our host and Summit CPA's Director of Accounting, sits down with Jody Grunden, Partner at Anders CPAs + Advisors, and James Enney, Virtual CFO, to talk about the critical indicators that will tell you that your company needs a Virtual CFO. They will also touch on dynamic forecasting, the value that a Virtual CFO can bring to a business, and important things a business owner should know before they hire a Virtual CFO.

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After the Fraud Investigation

FraudFiles

After an internal fraud is discovered and fully investigated, a company and its employees must move forward. That might seem like a simple thing to do, but it is not always quite that easy. The financial blow of an internal fraud can be devastating. Employees have long-term memories that may not allow them to forget about the violation of their trust by someone who worked side-by-side with them or by someone who was responsible for their future.

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Gramm-Leach-Billey Act and Your WISP

Intuitive Accountant

When the Gramm-Leach-Billey Act was passed, Congress codified that financial institutions are required to protect customer data. Here’s what you need to know about the Written Information Security Plan (WISP) for your firm and clients.

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October is the cruelest month: Tax pros discuss the second season

Accounting Today

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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

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Improved Banking Connectivity – A QuickBooks Desktop 2023 Feature

Intuitive Accountant

QuickBooks Desktop 2023 has improved banking connectivity, ensuring a safer and more reliable way for banks to provide customer account information and the details of banking data QuickBooks users will find more beneficial.

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Better collaborative worksheets, and other tech stories you may have missed

Accounting Today

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Tipalti Unveils the Tipalti Card

Intuitive Accountant

The corporate card alternative combines quick issuance along with seamless payments management, reconciliation and best-in-class integration with ERP systems.

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Paychex introduces new voice feature

Accounting Today

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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.

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Katy Tombaugh

GBQ

If there’s one thing Katy knows best, it’s this: when you keep your mind and body in a healthy place, the demands of everyday life become far more manageable. A passionate and creative entrepreneur, she agrees that pressure is real (yet so is the opportunity to thrive!). If there’s one thing Katy knows best, it’s this: when you keep your mind and body in a healthy place, the demands of everyday life become far more manageable.

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Tipalti rolls out virtual 'card'

Accounting Today

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Katy Tombaugh

GBQ

If there’s one thing Katy knows best, it’s this: when you keep your mind and body in a healthy place, the demands of everyday life become far more manageable. A passionate and creative entrepreneur, she agrees that pressure is real (yet so is the opportunity to thrive!). If there’s one thing Katy knows best, it’s this: when you keep your mind and body in a healthy place, the demands of everyday life become far more manageable.

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Make your commute the most productive time of day

Accounting Today

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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.

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Idiot Who Backdated Work Papers Will Never Work in This Town Again

Going Concern

The PCAOB is busy sniffing out poor audit behavior to remind everyone to be on their game and don’t get caught doing boneheaded things like faking your audit homework because the PCAOB test is tomorrow. Look, the audits don’t have to be perfect. They just have to be performed correctly. Now this guy is permanently banned so I guess the upside here is that he’ll never have to worry about another PCAOB inspection.

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U.S.-China audit deal faces first test as inspectors head to Hong Kong

Accounting Today

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Traditional Email Equals Time Wasted and Duplicated Efforts

Lockstep

Your Accounting Inbox Needs a Workflow Overhaul: Part 4. Email was never designed as an accounting tool. Using email to manage the inflow of communications and documents to/from customers and vendors may make sense on paper, but when scaling your operations, or when hiccups to your operations occur, email quickly outgrows its welcome for accounting teams.

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IRS's extra enforcement funding brings audit worries

Accounting Today

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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.

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Accounting Firms Can No Longer Hold Sadistic Survivor-y Competitions For Talent, Says Guy Who Sounds Disappointed About That

Going Concern

There was an article in the Denver Post last week about the accountant shortage and in it, the Post talks to a professor who suggests that business students once fought over coveted, well-paid positions at accounting firms. This must have been before my time because in 2007 Big 4 firms were paying $50k starting salaries in the Bay Area which won’t even get you a box in the Tenderloin and a single avocado toast.

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Biden celebration of economy skips inflation that haunts it

Accounting Today

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