Airbase

AUGUST 2, 2023

For many mid-market companies, it’s a little early to staff a procurement department. At Airbase, I’m the controller of a 300-person tech company without a dedicated procurement professional, so the responsibility to ensure that the procurement function is being fulfilled (policy compliance and vendor management) falls to me. Even in the absence of full procurement teams and legacy solutions, there are still steps that can help us controllers adhere to procurement best practices.

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Spend Management Spend Management Tools Spend Management System accounts payable 130

Acterys

AUGUST 2, 2023

In today’s ever-evolving business landscape, success hinges not only on visionary leadership but also on robust execution. To bridge the gap between lofty ambitions and tangible achievements lies the art of operational planning. This integral process serves as the foundation upon which businesses can thrive and surpass their goals, navigating complexities with precision and purpose.

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Hospitality Maine Start-ups Technology 130

BurklandAssociates

AUGUST 2, 2023

Build a file organization structure and be disciplined about saving your files to streamline future due diligence and seize the opportunity. The post Due Diligence Checklist for Startups appeared first on Burkland.

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Going Concern

AUGUST 2, 2023

Audit Analytics has released “ A Twenty-Year Review of Audit Fees ,” an in-depth look at audit fee trends from 2002 to 2022 and there are some fun charts inside. Mainly we care about this one: In FY2003, average audit fees were $681,000; in FY2022, this number was $2,243,000. A few more factoids: The average audit fees paid by SEC registrants reached an all-time high in FY2022 at $2,242,980—representing an 11% increase from FY2021 Average total fees paid grew nearly 10% in FY2022 to

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Accounting Today

AUGUST 2, 2023

The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and non-tax forms it receives digitally in the next two years in an effort to reduce the amount of time-consuming paper it receives in the mail.

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CPA Practice

AUGUST 2, 2023

Treasury Secretary Janet Yellen announced on Wednesday that the IRS has set a goal to go paperless by 2025. The new initiative “marks a significant step in our efforts to digitalize IRS operations,” Yellen said. “Today, we are announcing that, by the next filing season, taxpayers will be able to digitally submit all correspondence, non-tax forms, and notice responses to the IRS.

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Accounting Today

AUGUST 2, 2023

The Center for Audit Quality is spearheading an effort to convince the Public Company Accounting Oversight Board to water down a proposed update in the standards for auditors to be on the lookout for fraud and other signs of noncompliance with laws and regulations.

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ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Pillar 2.0 aims to end the ‘race to the bottom’ on tax rates by ensuring that multinational enterprises (MNEs) pay a minimum effective corporate tax rate of 15%.

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Reckon

AUGUST 2, 2023

Guest post blog by Catherine Schwartz Today, having more than one income stream is completely feasible. With current economic uncertainties and inflation, it makes sense that individuals worldwide are increasingly seeking new ways to supplement their everyday earnings. But it’s not only extra cash that’s alluring, as more people embrace digital tools to monetise their creative hobbies, it’s clear that pursuits of passion are also very much driving the side hustle trend.

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accounting and finance Non-Profits Start-ups Finance 98

CPA Practice

AUGUST 2, 2023

The American Institute of CPAs (AICPA) and CPA.com are seeking applicants for the 2024 Startup Accelerator program, which promotes the growth of early-stage companies to help advance the accounting and finance ecosystem. Recognizing the profound impact that artificial intelligence (AI) is poised to have on the accounting and finance profession, this year’s program is exclusively targeting companies that are leveraging the technology within their solutions.

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Cherry Bekaert

AUGUST 2, 2023

You may have heard it said, it’s the “Year of Efficiency,” as technology companies seek solutions that save on costs, drive faster innovation and better manage processes. While accounting may not be every entrepreneur’s favorite topic, it is ours! Listen to Chase Wright , leader of our Accounting Advisory practice, and Graham Michitsch , Accounting Advisory Senior Manager, as they discuss how the accounting and finance back office is an essential function of a company, and why awareness of the

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Technology accounting and finance Finance Account 97

CPA Practice

AUGUST 2, 2023

Dear CPA Practice Advisor reader, We appreciate that you enjoy reading our free content, and we are committed to keeping it free. In order to do so, and to be able to expand content and add customization features, we will start requiring registration. Rest assured, the process and the content will still be free and unlimited. As you access content on cpapracticeadvisor.com , you may notice that you are being asked to either log in or sign up for an account.

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CPA Start-ups Account accountant 97

Going Concern

AUGUST 2, 2023

I know you’re as sick of hearing about the accountant shortage as I am writing about it, alas here we are. One group that isn’t sick of discussing it is the AICPA. While all their schemes up until now have done approximately f**k all to fix the issue, there’s now a Pipeline Advisory Group that will surely get to the bottom of this at long last.

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Accounting Today

AUGUST 2, 2023

CPA firms are resorting to strategies like hiring workers abroad, raising starting salaries, offering fully remote jobs, and hiring staff who haven't graduated college.

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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.

Withum

AUGUST 2, 2023

On July 25, 2023, the Office of Fraud Enforcement and National Fraud Counsel of the IRS hosted a webinar on the Employee Retention Credit (ERC) and discussed the current landscape of enforcement for tax professionals. This followed the release on July 24, 2023, of another warning by the IRS to taxpayers not to fall prey to unscrupulous tax credit providers who “wildly misrepresent and exaggerate who can qualify for the ERC.

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Cherry Bekaert

AUGUST 2, 2023

Contributor: Jennifer Moran , Manager, Assurance Services This year’s North Carolina Government Finance Officers Association (NCGFOA) provided our Government & Public Sector professionals with ample networking and relationship building opportunities, timely updates on GASB and the North Carolina legislative session, and informative sessions about the current state of the economy and winning the talent war.

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Insightful Accountant

AUGUST 2, 2023

New Oracle NetSuite white paper not only provides a guide for CFOs about the topics of AI and Machine Learning, but also evaluates ChatGPT. Read our summary of how ChatGPT explained ASC 842 compliance.

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Patriot Software

AUGUST 2, 2023

Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575.

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tax return business tax Tax payroll tax 84

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

Technology

Insightful Accountant

AUGUST 2, 2023

With its new Canopy Insights, the account management software provider advances its practice management analytics with AI-Driven custom query and reporting capabilities.

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AccountingDepartment

AUGUST 2, 2023

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations.

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Accounting Today

AUGUST 2, 2023

The Treasury Department is trying to modernize the badly outdated agency in a bid to improve customer service and ramp up enforcement.

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Tax 96

GrowthForceBlog

AUGUST 2, 2023

6 min read Reporting is the primary method of recording and communicating business performance with both internal and external stakeholders. It is the process of using a standardized bookkeeping and accounting system to collect financial data, organize it, and then record it within a set of standard reports.

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bookkeeping accounting system Account accountant 81

Advertiser: Paycor

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.

Accounting Today

AUGUST 2, 2023

In this week's vendor spotlight, we talk lease administration and management with Robert Michlewicz, CEO of Visual Lease.

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accounting standards Technology Account accountant 98

xendoo

AUGUST 2, 2023

You’ve put your heart and soul into your business. So why does it feel like you’re spinning your wheels, trying to keep up with your core business and your administrative overhead at the same time? When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. After all, it kept costs down.

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Anders CPA

AUGUST 2, 2023

The Missouri Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Missouri, the tax-free holiday starts at 12:01 a.m. on Friday, August 4th and lasts through Sunday, August 6th. During this period, qualified purchases are exempt from sales tax. Be aware not all cities and counties in Missouri observe this holiday.

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Missouri Illinois Tax Sports 52

xendoo

AUGUST 2, 2023

One of the most important decisions for business owners is which type of business entity to form. Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Examples of business structures include: Sole proprietorship Partnership Limited liability company (LLC) S corporation (S corp) C corporation (C corp) Businesses often weigh the pros and cons of forming an LLC vs.

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Tax income tax tax return Non-Profits 52

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Insightful Accountant

AUGUST 2, 2023

Insightful Accountant's Gary DeHart sits down with Unison Globus' Charles McKissick to discuss the benefits, tips and must-haves for outsourced accounting. Catch the latest edition of Accounting Insiders.

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Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Let’s get right into it. Table of Contents How to Choose a CPA Firm Name? Characteristics of a Good Business Name Accounting Firm Names To Avoid 1,013 Accounting Firm Name Ideas Professional Names Fun Names Catchy Names Forward-thinking Names Cool Names Trendy Names Niche Names Animal-Inspired Names Symbolic Names Innovative Names Elegant Names Nature-Inspir

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CPA Practice

AUGUST 2, 2023

By Preeti Bhuvan, CPA. In business and taxation, an intriguing question often arises: Can an Individual Taxpayer Identification Number (ITIN) holder be an S Corporation shareholder? Understanding the intricacies of S Corp eligibility for ITIN holders can shed light on the potential opportunities and limitations for these individuals. In this article, I’ll delve into the factors that determine whether an ITIN holder can participate as an S Corp shareholder; I’ll also cover the considerations to k

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tax return Tax CPA Legal 52

Ryan Lazanis

AUGUST 2, 2023

Many of us desire a business that not only offers financial independence but also grants us the means to live life on our terms. In this podcast episode, I shared tips and strategies to help you break barriers that unlock more freedom and flexibility for your firm. Listen Below. 0:25 – The majority of us built our firms with the primary purpose of aiding our clients and customers but above all, we also want a business that can support our dream lifestyle. 0:59 – Among the various asp

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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