Mon.Feb 27, 2023

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3 steps to market your accounting firm

Accounting Insight

If growth is on the agenda for your accounting firm, then marketing is going to help. Before you get started with creating content and posting on social media, you need to work through a few simple planning steps first. Skip this, and you risk your marketing lacking focus and results. Do this first, and your marketing will rise above the noise and help you to win the right type of clients for your firm.

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Tapping into the Power of Conversational AI in Planning: Instant Insights from Chat GPT

Acterys

The act of planning is a crucial component in any business approach, and companies frequently allocate ample time and resources to establish efficient plans. Nevertheless, traditional approaches to Extended Planning and Analysis (xP&A) can prove to be arduous and consume a lot of time, particularly for individuals who want to gain business insights without depending on IT support.

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IRS Extends Deadline for California Taxpayers Impacted by Natural Disasters

Withum

Over the past few days, the IRS has issued several updates regarding tax relief for victims of severe winter storms, flooding, landslides, and mudslides. The last updated news release on February 24, 2023, states that affected taxpayers now have until October 16, 2023 to file various individual and business tax returns and make tax payments. What Items Are Now Extended Until October 16, 2023?

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What is Fathom's Goal Seek?

Basis 365

It’s no secret that the past few years presented challenges for business owners in every industry, from lockdown regulations, to inflation, staffing, or supply chain issues. Difficult times are a catalyst for business owners to learn more about their business’s financial position and look for ways to make improvements. Reading a set of financial statements is not enough for most people to understand what actions they need to take and “selling more” isn’t a default fix for every financial woe.

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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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Moises Gutierrez named on Profiles in Diversity Journal’s Latino Leaders List

Withum

Withum is excited to share that Moises Gutierrez was named on Profiles in Diversity Journal’s Latino Leaders List for 2023. Moises Gutierrez is an Audit Supervisor specializing in employee benefit plans, technology and manufacturing as well as auditing SEC engagements. He is an active member of the HOLA Team Member Resource Group (TMRG), whose mission is to support and advance our Hispanic/Latinx American community and professionals in forums where the need for change exists.

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IRS Extends Tax Deadline in Three States to Oct. 16 for Taxpayers Impacted By Disasters

CPA Practice

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 24. The deadline already had been postponed to May 15 for these areas. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) in these three states.

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Say Goodbye to QuickBooks Desktop Point-of-Sale

Insightful Accountant

After more than 20 years of QuickBooks Desktop Point-of-Sale, Intuit has announced it is discontinuing the product on Oct. 3, 2023, along with all support for it.

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SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data? 

Patriot Software

“What’s your occupation?” Everybody gets this question—at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too.

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Giving Your SMB Clients a Blueprint for Success

Insightful Accountant

Xero Economist Louise Southall shows how accountants and bookkeepers can help small business owners navigate late payments and slow sales growth.

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Americans Are Drowning in Credit Card Debt

CPA Practice

By Michael Grothaus, Fast Company (TNS) Credit card debt in America has reached staggering new levels, according to a report from the Federal Reserve Bank of New York’s Center for Microeconomic Data. In its Quarterly Report on Household Debt and Credit, the New York Fed found that in the fourth quarter, credit card balances rose by $61 billion, meaning total outstanding credit card debt held by Americans reached $986 billion.

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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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State Credits & Incentives Your Tech Company Should Take Advantage Of

Cherry Bekaert

Stay Connected To conclude our series on State & Local Tax and Sales & Use Tax for tech companies, we explore a few lucrative state credits and incentives not to pass up. While the R&D credit is probably the most common credit that tech companies take advantage of, our specialists shed light on other, less commonly known credits and incentives.

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Key takeaways from the 49th GST Council Meeting 

VJM Global

The GST Council meeting was held for the 49th Time on 18th February 2023 under the chairmanship of the Hon’ble Union Finance & Corporate Affairs Minister. Key points of discussion were Clearance of Compensation cess dues to States, revision of GST rates of a few items, GST appellate tribunal and its structure, Capacity-based taxation and special composition scheme for certain sectors, and additional trade facilitation measures.

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Buffalo CPA Firm Partners Clash in Court Over Claims of Misconduct, Power Grab

CPA Practice

By Stephen T. Watson, The Buffalo News, NY (TNS) The two partners who own a Buffalo-based accounting firm are waging a bitter fight over the company’s future. The fight has moved into a courtroom amid accusations of fraud and sexual misconduct by one and a claim that the matter is nothing more than a power grab from the other. And following an appearance before a judge last week, both sides were claiming victory.

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Have you inherited an IRA or retirement plan account after 2019 from someone other than your spouse?

LSLCPAs

If you inherited an IRA or retirement plan account after 12/31/19, you are required to take required minimum distributions (RMDs) beginning in 2023. EXCEPTIONS to this are: A surviving spouse A person who is not more than ten years younger than the decedent A minor child of the decedent (a minor child is anyone under. The post Have you inherited an IRA or retirement plan account after 2019 from someone other than your spouse?

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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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Best Accounting Software for Dropshipping 2023

Snyder

When starting any business, there are some choices to consider to help this business grow and prosper. One of the most important choices is related to accounting. Are you planning to hire an accounting professional, do it all on your own, install accounting software? The decision is yours. Different types of business models have their peculiarities in accounting and it’s best to know it all at the very start.

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Clerical Error Results in Wrong Tax Refunds for Hundreds of Iowans

CPA Practice

Hundreds of Iowans did not get their correct federal tax refund due to a clerical error by the state revenue department, the department confirmed Friday, and state money will be used to fix the mistake. A spokesman for the Iowa Department of Revenue said the department in January sent a file to the IRS that contained incorrect data for some Iowa taxpayers.

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Voluntary disclosures and the Digital Disclosure Service (DDS)

Menzies

Menzies LLP - A leading chartered accountancy firm. Where an individual (including a personal representative or executor of a deceased taxpayer), trustee or company needs to make a disclosure to HMRC of historic unpaid tax liabilities then, other than cases which fall under the exceptions listed below, the appropriate process to use is the Digital Disclosure Service (DDS).

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Daubert Challenges of Expert Witnesses

FraudFiles

Daubert challenges are used by opposing counsel to limit or exclude the testimony of expert witnesses at trial. In this video, Tracy Coenen discusses how she deals with Daubert challenges in her work.

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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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MyWorks @ QuickBooks Connect 2022

Insightful Accountant

See how ecommerce store owners of all types can use the software to help automate their accounting and scale their businesses.

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Government Contract Considerations During an Acquisition – Part 2

Cherry Bekaert

Stay Connected In Part 1 of this two-part series, Cherry Bekaert’s Government Contracting Industry advisors discussed what companies need to consider when being acquired or acquiring a company that has federal contracts that are a significant part of their business, including some of the administrative items critical to that process. In Part 2 Brendan Halloran , a Senior Manager in Cherry Bekaert’s Government Contracting Industry practice, is joined by John Ure , a Tax Partner and member o

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OnPay @ QuickBooks Connect 2022

Insightful Accountant

Check out how the payroll services can help simplify your payroll, taxes, HR and benefits.

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Health Insurance Tax Credits for Small Business Owners

Patriot Software

Do you have a small business as defined by the Affordable Care Act (ACA)? Do you offer health insurance to your employees? If so, you might be eligible for health insurance tax credits for the coverage you provide your employees. And, you may qualify for write-offs if you’re self-employed.

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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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OK Now They Are Just Trolling With These ‘Newest Workplace Trend’ Buzz Phrases

Going Concern

Ever since professor Anthony Klotz coined the term “The Great Resignation” in 2021 we have been inundated with more and increasingly nonsensical workplace trends bouncing around the business rags. Quiet quitting , quiet hiring , bare minimum Mondays , ‘ tang ping, ‘ (‘lying flat’ in Mandarin Chinese), and now we have “rage applying” which we’ll get to in a minute.