Tue.Feb 14, 2023

article thumbnail

Is your complacency costing you peace of mind?

Mark Lee

Over the years, my conversations with sole practitioner accountants reveal that many are “happy enough” once their practice is generating sufficient income for them. They have reached the stage where they feel comfortable, some might say, complacent. ‘Happy enough’ is hardly an enthusiastic summation of how things are going as it can imply a reluctant acceptance of the status quo.

article thumbnail

Founders: Is It Time to Consider a Down Round?

BurklandAssociates

When viewed unemotionally with the company’s best interests in mind, a down round may be the best way to get fresh capital in the door. The post Founders: Is It Time to Consider a Down Round? appeared first on Burkland.

147
147
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Stock Up for Success: How to Choose the Right Inventory Planning Solution?

Acterys

Selecting the right inventory planning solution is critical for efficient supply chain management. As the amount of data increases, organizations want to invest in a complete planning solution that can connect to multiple data sources, extract, and optimize data models, and offer accurate demand forecasts that can help manage optimal inventory levels.

Start-ups 130
article thumbnail

Looking to the Future When Valuing a Business

RogerRossmeisl

Historical financial results are only relevant in a valuation to the extent that the business expects to achieve similar results in the coming years. When projecting future economic benefits, it’s important to consider expected changes to a subject company’s internal and external conditions. Challenging the status quo The last three to five years of financial statements are usually on the list of documents experts use to value a business.

article thumbnail

Planning Your Restaurants 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

Avoid Fines: The Pay Transparency Checklist

BurklandAssociates

Reference this handy checklist to understand pay transparency compliance requirements and avoid fines at your startup. The post Avoid Fines: The Pay Transparency Checklist appeared first on Burkland.

130
130
article thumbnail

Love is in the air. and so is sales tax

TaxConnex

Candy, flowers, diamonds, romantic dinners out or a movie snuggled on the couch: The year’s biggest day for dates looms again, and here’s an update on sales tax considerations for Valentine’s Day. Expected spending on gifts this year should average $192.80, up almost 10% from last year, according to the National Retail Foundation. Once again, the top shopping destination to purchase Valentine’s Day gifts is online (35%), closely followed by department stores (34%) and discount stores (31%).

More Trending

article thumbnail

Anders Named a 2023 Best Places to Work Finalist by the St. Louis Business Journal

Anders CPA

Anders has been named one of the 2023 Best Places to Work by the St. Louis Business Journal. This year, Anders moved into the Big Employer Category for companies with 250-999 employees. More than 170 nominations were submitted for the Best Places to Work list and only 68 made the list this year. All participating companies and their employees completed surveys administered by Quantum Workplace, which used its own algorithm to measure communication, management structure, benefits, teamwork and se

cpa 98
article thumbnail

Nomination Deadline is Just Two Weeks Away

Insightful Accountant

The Nomination Deadline for the Insightful Accountant 2023 ProAdvisor Awards Process is just two weeks away on March 1, 2023. Don't leave yourself off this year's list.

account 104
article thumbnail

Accounting Firms Are Being Uncharacteristically Modern About This Whole Remote Work Thing

Going Concern

Are we ready for another survey? OH BOY. Thomson Reuters has written up the 2022 ConvergenceCoaching, LLC® Anytime, Anywhere Work (ATAWW) Survey — you can request survey results here — and we learn that almost all responding firms say they are being flexible about where and when their people put in their time. Of the 216 accounting firms that participated in the 2022 ATAWW Survey, 97% allowed their talent to choose where they work, while 94% offer flexibility in when people are worki

article thumbnail

Client Hub Launches a Free Recategorize Plan

Insightful Accountant

The new tier will enable accountants to get all their QuickBooks transaction questions resolved from their clients quickly and easily—and the subscription is free.

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

Overcome these Business Challenges in 2023

AccountingDepartment

Over the last few years, the rapid acceleration of accounting technology has redefined the way businesses go about their bookkeeping, operations, and more. This ramp-up in technology has caused a rise in the need for professional outsourced services and automation opportunities, however, business owners are still facing some challenges that can be avoided in 2023.

article thumbnail

Measuring the Right Supply Chain KPIs

Withum

Supply chain optimization increases efficiency, effectiveness and quality for manufacturers. When you are trusted and dependable, your business will be on par with the commitments of your prospects and clients. But how do you establish a robust relationship with your suppliers? Start by setting and measuring the right supply chain KPIs. With a centralized system in place to monitor the supply chain metrics of your suppliers, you are likely to gain meaningful insights into their operations.

article thumbnail

Notice 2022-61: Initial Guidance on Prevailing Wage and Apprenticeship Requirements for IRA Clean Energy Tax Credits

Cherry Bekaert

On November 30, 2022, the U.S. Department of the Treasury (the Treasury) and Internal Revenue Service (IRS) issued Notice 2022-61 , Prevailing Wage and Apprenticeship Initial Guidance Under Section 45(b)(6)(B)(ii) and Other Substantially Similar Provisions (Notice 2022-61). Notice 2022-61 provides information and guidance on how business taxpayers can meet requirements to qualify for maximum tax benefits of Internal Revenue Code (IRC) Section 179D Energy-Efficient Commercial Building Deduction (

article thumbnail

Paren Knadjian is Presenting at CalCPA High-Tech Financial Professionals Conference

KROST

Our M&A and Capital Markets Principal, Paren Knadjian, will be a guest speaker at the upcoming High-Tech Financial Professionals Conference event hosted by the California Society of Certified Public Accountants (CalCPA). The event will take place online on Tuesday, February 23, 2022, from 8:30 am-2:10 pm PDT and six CPE credits will be issued. Along with Read the full article.

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

The Advantages of E-Commerce Enablement Technologies

Withum

In the past few years, people have become more accustomed to the digital world, and the demand for businesses to provide instantaneous, painless, and individualized buying experiences on their online platforms pushes companies further away from face-to-face customer service experiences. Amazon has made the buying experience exponentially easier for consumers.

article thumbnail

The 7 Minute Conversation – How Advisors See Order In Chaos

Insightful Accountant

Cash Flow Mike walks you through his Home Run Financial System—a set of calculations that can help you get a complete picture of any company’s financial position in seven minutes.

52
article thumbnail

83b Election Can Save Some Serious Cash

inDinero Tax Tips

Issuing restricted stock is a common way to compensate a company’s founders. If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

article thumbnail

America’s Choice Bookkeeping: Managing a National Clientele with Canopy's Client Portal

Canopy Accounting

"Our clients love Canopy. It’s so easy for them to register for the portal and upload their documents there." — Robert Azar, of America's Choice Bookkeeping and Tax Services. Background Managing clients — and the inevitable mounds of paperwork that accompany them — is a formidable task for any practice. But when most of your clients don’t even live in the same time zone, that task takes on a whole new level of complexity.

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

83b Election Can Save Some Serious Cash

inDinero Tax Tips

Issuing restricted stock is a common way to compensate a company’s founders. If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

article thumbnail

How Startups Can Benefit from Missouri’s New R&D Tax Credit

Anders CPA

The Missouri research and development (R&D) tax credit was reinstated as of January 1, 2023, clearing the way for more tax savings for businesses that engage in qualified research. Startups, particularly those engaged in R&D activity that qualify, should be aware of this change before they file their 2023 income tax returns. Key Takeaways: The Missouri R&D tax credit can be applied to tax years beginning on or after January 1, 2023 Of the $10 million yearly allotment for the tax cred

article thumbnail

E-commerce Accounting: The Small Business Owner’s Guide

Patriot Software

Brick-and-mortar stores are still thriving, but small businesses’ online footprints expand every year. In 2022, 98% of business owners had a company website, compared to 50% in 2018. And more than 60% had an e-commerce business, meaning they sold products or services online.

article thumbnail

The Top Challenges Faced by Corporate Tax Pros

CPA Practice

The latest survey from Bloomberg Tax & Accounting shows the biggest issues faced by corporate tax departments, as well as trends in the industry. According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals. With many tax departments currently under-resourced, tax professionals are facing greater challenges in balancing their compliance activities with finding time to devote to strategic planning and tr

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

83b Election Can Save Some Serious Cash

inDinero Tax Tips

Issuing restricted stock is a common way to compensate a company’s founders. If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

article thumbnail

Don't Miss Today's February QBTalks

Insightful Accountant

Join Kelly G (aka, Kelly Gonsalves), Kristen Nies Ciraldo and special guest, Nayo Carter-Gray, as they discuss the perfect apps and app stacks for you and your practice.

52
article thumbnail

The Technology Lab Podcast – Review of Validis – Feb. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA evaluate Validis, a tool that extracts data from all financial systems to automatically generate full sets of standardized working papers. This data can then be imported into working paper systems. Use the player below to listen to the podcast.

article thumbnail

Reach Reporting @ QuickBooks Connect 2022

Insightful Accountant

See how the reporting and forecasting solution auto-populates every report, dashboard, statement, and metric with your data leaving you with spare time.

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.

article thumbnail

Divorce: Documents in Investigate Business Interests

FraudFiles

When a spouse owns a business, it can create some of the most complicated financial issues in a divorce. It is extremely important to dive into the financial records of the business in order to value it and to determine where the money is REALLY going.

10
article thumbnail

Next @ QuickBooks Connect 2022

Insightful Accountant

Check out how the full service property and casualty agency can offer you competitive quotes on any of your lines of business insurance.

article thumbnail

Tax Court Shows Why Real Mileage Logs are Important

CPA Practice

A taxpayer who deducted expenses attributable to the business use of his vehicles took a wrong turn before the Tax Court. Ultimately, he wasn’t able to back up his claims (Eze, TC Memo 2022-83, 8/4/22). Generally, you can deduct costs relating to the business use of your vehicle, subject to certain rules and limits. However, you must meet strict substantiation requirements spelled out by the IRS.

tax 137
article thumbnail

Check Out Our YouTube Page

Insightful Accountant

Insightful Accountant's YouTube page is where you will find all of our video assets.

account 59
article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.