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7 min read. Do you know how much time you and each of your employees spend with each client? Do you know the true cost of each marketing service you provide? Are you charging the best price for your services? Do you know how profitable your marketing agency actually is? Key Takeaways. How Can My Marketing Firm Benefit?: Outsourcing is always less expensive than hiring full-time, in-house employees – especially high-level accounting professionals like controllers and CFOs….
This was previously published in Monitor Daily – check out the article now! [link]. Today’s economy has allowed rental and leasing companies to flourish. Many jurisdictions impose a sales tax on the rental or lease of tangible personal property. And along with this tax imposition comes some sales tax applicability nuances depending on the type of lease, associated services and the type of property being leased.
The holiday season is in full swing with everyone taking their time to relax and unwind. It’s also the time of the year when we look back and appreciate the milestones we’ve achieved, and the customers we’ve helped accomplish amazing results by using our solutions. 2022 has been the most successful year since our inception in 2016 with immense growth in all key areas, including customer base, revenue & profit, team size, recognition by leading analysts, and penetration in the market.
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.
That sound you hear? It’s KPMG leadership breathing a heavy sigh of relief for not being the name attached to audit failure headlines this week. Our lucky winner today is Deloitte. The Financial Reporting Council has fined Deloitte UK more than £900,000 (a cool $1,081,444 Federal Reserve notes) over its shoddy audit work for building materials supplier SIG.
QUESTION: Everybody in the employee benefits field uses acronyms like ALE, MLR, and ACA. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Health Care Reform manual. (Last week’s Checkpoint Question of the Week included acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the Checkpoint Question of the Week from the week before included acronyms from the ERISA Complia
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.
I had a conversation Monday with someone in her early 50s that was hesitant to invest in the stock market. She is single with no dependents and was planning to retire in about ten years. She was worried her money wouldn’t be there when she retired if she invested in the stock market. The following is part of my discussion with her. She planned to use her investments as a base to draw against until she reached age 70, at which time she could start receiving her Social Security benefits with the 3
Grant Thornton is the latest global accounting firm to announce “we made a shitload of money in 2022” when it released last week its revenue results for the most recent financial year : Grant Thornton International Ltd today [Dec. 14] announced its revenues grew to a record USD7.2 billion for the financial year ended 30 September 2022, up from USD6.6 billion in 2021.
What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. It evaluates existing processes across the AP workflow to identify areas of improvement and help teams unlock greater efficiencies and insights.
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.
As 2022 draws to a close, we’d like to take some time and look back. This year we’ve met over 18k new awesome people who truly became a part of Synder – our e-commerce/SaaS business owners and accountants who are using our products on a daily basis and help us stay motivated. We want to thank you for being a part of this journey and staying together with us all the way.
It’s always good to be reminded of sound business principles. This is one of those. You SHOULD NOT pay your bills too early! We know. Your mom and dad taught you to pay your bills on time to have a good credit rating. That’s still good advice, but when you’re running a business, while you. The post DO NOT PAY YOUR BILLS TOO EARLY! Cash Flow and Accounts Payable Relationship appeared first on LSL CPAs.
2022 Instructions for Forms 1094-B and 1095-B; 2022 Instructions for Forms 1094-C and 1095-C. B Form Instructions. C Form Instructions. The IRS has released final instructions for the Affordable Care Act (ACA) information reporting forms for 2022. (The final forms and draft instructions were released in October—see our Checkpoint article ). As a reminder, Forms 1094-B and 1095-B are filed by minimum essential coverage providers (such as health insurers and employers sponsoring self-insured heal
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.
IRS Notice 2023-4 (Dec. 20, 2022). Available at [link]. The IRS has issued Notice 2023-4, which provides the indexing factor to be used by group health plans and insurers to calculate the qualifying payment amount (QPA) under the No Surprises Act for items or services provided on or after January 1, 2023, and before January 1, 2024. As background, the No Surprises Act, enacted as part of the Consolidated Appropriations Act, 2021 (CAA, 2021), expanded patient protections to shield individuals fr
Proposed Rule: PPACA, HHS Notice of Benefit and Payment Parameters for 2024, 45 CFR Parts 153, 155 and 156, 87 Fed. Reg. 78206 (Dec. 21, 2022); Premium Adjustment Percentage, Maximum Annual Limitation on Cost Sharing, Reduced Maximum Annual Limitation on Cost Sharing, and Required Contribution Percentage for the 2024 Benefit Year (Dec. 12, 2022); Fact Sheet: HHS Notice of Benefit and Payment Parameters for 2024 Proposed Rule.
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.
For 40% of small business owners, handling bookkeeping and taxes is the worst part of owning a business. Sound familiar? If so, you might consider shirking your recordkeeping responsibilities. It’s not a big deal, right? Wrong! Recordkeeping is one of the most important things you can do. And to make things easier on yourself, there […] READ MORE.
Religious Sisters of Mercy v. Becerra, 2022 WL 17544669 (8th Cir. 2022). Available at [link]. Agreeing with a recent decision by the Fifth Circuit on the reach of Affordable Care Act Section 1557 (see our Checkpoint article ), the Eighth Circuit has upheld a permanent injunction prohibiting HHS from requiring a coalition of entities affiliated with the Catholic Church to perform or provide insurance coverage for gender-transition procedures.
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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