Tue.Sep 19, 2023

article thumbnail

Telecom tax and filing complexities

TaxConnex

Telecommunications companies face tougher problems than most other businesses when trying to comply with federal, state and local tax and regulatory obligations. Most of the taxes that telecom companies contend with are administered by the individual states’ Departments of Revenue (DOR) and local jurisdictions. These taxes go by various names: sales tax, communications services tax, utility users’ tax, local license tax and so on.

Tax
article thumbnail

Metrics Matter: Five KPIs for Fintech Startups

BurklandAssociates

Fintech is a diverse sector with KPIs that vary between companies, but these five metrics should matter to wide swaths of the industry. The post Metrics Matter: Five KPIs for Fintech Startups appeared first on Burkland.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Leadership Files: Avani Desai 

Accounting Today

For the head of Top 100 Firm Schellman, leadership starts with self-aware people who don't hesitate to challenge the status quo — or their leader.

article thumbnail

EY Survey: Gen Z Is Broke, Anxious, and Extremely Worried About Everything. We Can’t Blame Them

Going Concern

EY put out a press release on the results of its 2023 Gen Z Segmentation study yesterday and it’s not good. Less than a third (31%) of those born between 1997 and 2007 surveyed feel financially secure, more than half (52%) said they are very or extremely worried about not having enough money. Mind you EY surveyed only 1500 of the 2.56 billion people who make up Gen Z for this particular project.

article thumbnail

8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

article thumbnail

PCAOB proposes to toughen rule for auditor liability for negligence

Accounting Today

The Public Company Accounting Oversight Board issued a proposal to amend its rule for an individual auditor's or audit firm's contributory liability for knowingly or recklessly contributing to violations.

article thumbnail

PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations

CPA Practice

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards. The audit regulator is proposing changes to PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations.

More Trending

article thumbnail

QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

article thumbnail

ISSB and PwC see broader move to int'l sustainability standards

Accounting Today

Accounting firms are getting more involved in sustainability reporting and assurance around the world, with recent global standards and record-setting temperatures spurring calls for action.

article thumbnail

4 Tips on Managing a Multigenerational Workforce

CPA Practice

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon. Research from Robert Half found that 41% of accounting and finance professionals either have a job search already underway, or they plan to launch one by year-end.

article thumbnail

Withum Team Members Donate $33,000 to 8 Organizations

Withum

Giving back is one of the ten tenets of the Withum Way — a code that Withum team members work and live by. Volunteerism and the spirit of philanthropy spread quickly, so it is no wonder why team members in offices from coast to coast contributed to the donation campaign. At the end of each fiscal year, team members are given the opportunity to donate their unused PTO days to a variety of nonprofits at the rate of $50/day donated.

article thumbnail

How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

article thumbnail

Accounting Websites: 43 Examples for Modern Firms

Ryan Lazanis

A well-designed website stands as a pivotal factor in converting visitors into invaluable leads. In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. Let’s go! Table of Contents The Do’s and Don’ts of Accounting Website Design The Top 43 Examples of Accounting Websites The Do’s and Dont’s of Accounting Website Design To give you an idea of

article thumbnail

Big boosts for energy-efficient homes in the IRA

Accounting Today

Tax credits for home improvements in the Inflation Reduction Act may prove a major boon for taxpayers.

Tax
article thumbnail

PwC Canada Totally Blew Their Perfect Score on PCAOB Inspections This Time Around

Going Concern

A few days ago the paper-pushers at the PCAOB released 15 new inspection reports and three expanded reports for the following firms: Inspection reports De Visser Gray LLP (Canada) Ernst & Young Limited Corp. (Panama) Frost, PLLC Harbourside CPA LLP (Canada) Keith K Zhen CPA Maggart & Associates, P.C Miller Wachman LLP PBMares, LLP PKF O’Connor Davies, LLP PricewaterhouseCoopers LLP (Canada) Rehmann Robson LLC Schneider Downs & Co., Inc UHY LLP Warren Averett, LLC Zwick CPA, PLL

article thumbnail

Storm victims in three states face October deadline

Accounting Today

The IRS is reminding some disaster-impacted taxpayers in California, Alabama and Georgia that they have payments due Oct. 16.

article thumbnail

You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

article thumbnail

Sorry Folks, my bet didn't play out.

Insightful Accountant

Murph bet on Intuit releasing QuickBooks Desktop 2024 by Sept. 20th, and now he has 'egg on his face', not to mention a bunch of bookies to pay off, and apologies to you.

article thumbnail

Valuing startups' complex equity structures

Accounting Today

Stock compensation opens up new challenges from a GAAP perspective.

article thumbnail

What If: Payroll Can't Find Intuit Server?

Insightful Accountant

Did you know the security ID can change in a Company file when you restore a Company Backup file?

article thumbnail

FTX sues Bankman-Fried's parents to claw back funds

Accounting Today

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover. fraudulently transferred and misappropriated funds.

article thumbnail

AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

article thumbnail

Small Businesses Fear AI Development, Adoption Are Outpacing Regulation

Insightful Accountant

A recent Xero survey shows there is a call among small business owners for greater data protection and education, with 77% believing AI will have an impact on their business in the next five years

article thumbnail

Riches in Niches: Influencing influencers

Accounting Today

Nate Coughran of Cookie Finance helps social media stars navigate their finances.

article thumbnail

Future Forward 2023: Transforming Advisory with Real-time AI Insights

Insightful Accountant

RLJ Financial Services' Caleb Jenkins explains the power of real-time AI insights to preempt issues, spot trends and provide invaluable, forward-looking counsel. Make sure you sign up today.

article thumbnail

LBMC names next CEO

Accounting Today

Jim Meade will succeed Jeff Drummonds at the Tennessee-based Top 100 Firm in 2024.

article thumbnail

Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

article thumbnail

CLA Expands in New York Via Acquisition

CPA Practice

Top 10 accounting firm CliftonLarsonAllen (CLA) has acquired Long Island-based accounting and business consulting firm Richards, Witt & Charles (RWC). Financial terms of the transaction, which went into effect on Sept. 18, were not disclosed. RWC’s office in Garden City, NY, will become CLA’s second location in the state. CLA also has an office in New York City.

article thumbnail

Yellen is running out of time to make a difference on climate

Accounting Today

Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.

Tax
article thumbnail

IRS Promises Fewer Audits of EITC Claims

CPA Practice

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. What can be even more frustrating is when those examinations seem unevenly targeted to taxpayers with lower incomes. That’s been the case with the earned income tax credit (EITC), which has been the subject of recent controversy. (A study released earlier this year found that the IRS audits Black taxpayers at about three to five times higher rates than the agency audits other taxpayers.

article thumbnail

How a 1099 Physician Pays Taxes and How It Compares to W2

Anders CPA

Transitioning from filing taxes as an employed physician with a Form W2 to becoming a self-employed or contractor position with a Form 1099 comes with significant tax implications. While W2s are simpler and the employer, rather than the employee, is responsible for withholding federal and state income tax, payroll tax and any premiums for offered benefits, filing as a 1099 physician is considerably more complicated.

Tax
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

AI and job security: Will technology replace tax professionals?

ThomsonReuters

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines. With the recent release of tools like ChatGPT , apprehensions about job security are growing among many professionals, including those in the tax and accounting space.

article thumbnail

INCREASE CASH FLOW BY USING THESE TECHNIQUES

Basis 365

Your business will benefit from increased cash flow if you can get your customers to pay quickly. Many companies need help to get their customers to pay soon. The trend of delaying payments began long before the COVID-19 epidemic. A business can benefit from faster payments and collection in many ways. Some of these benefits include providing the company instant access to cash and higher levels of efficiency.

article thumbnail

QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

article thumbnail

Want more clients? A practical approach for accountants who don’t want to niche 19/9/23

Mark Lee

There is no doubt in my mind. The more focused you can be as regards your ideal clients the more chance there is that they will recognise you as an accountant they should approach. And, if you have a clear focus, the easier it will be for other people you know to recognise when they can recommend and refer you to people who need your services. But having a niche or specialist area is not the only route to success.

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i