Withum
JANUARY 12, 2023
How do you know when your company has grown beyond QuickBooks’ capabilities? Let’s cover the key areas that will help you make an educated decision on when QuickBooks is too small for your growing organization. QuickBooks is one of the world’s most well-known and widely used accounting software solutions that can help turn a simple idea into a full-grown company.
RogerRossmeisl
JANUARY 12, 2023
On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households that reside or have a business in Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Men
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CPA Practice
JANUARY 12, 2023
The 2023 tax-filing season will open on Jan. 23—the day in which the IRS will begin accepting and processing 2022 tax year returns, the agency said on Thursday. The IRS said it is expecting more than 168 million individual tax returns to be filed this year, with the majority of those returns coming before the April 18 tax deadline. Taxpayers have three extra days to file in 2023 due to the calendar.
TaxConnex
JANUARY 12, 2023
Studies show that some 1.4 million people in the Commonwealth of Puerto Rico (more than a third of population) do their shopping online, with annual online purchases in the U.S. territory now at $458 million. The size of the average online transaction in Puerto Rico has almost tripled in the past six years. It’s a fair bet, then, that sooner or later you’re going to be selling online into Puerto Rico, which has a sales tax.
Speaker: Victor C. Barnes, CPA, MBA
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.
CPA Practice
JANUARY 12, 2023
The AICPA said on Thursday that it was not the victim of a cyberattack, days after an article surfaced online stating that threat actors had bragged on an online forum that they compromised an AICPA database with more than 140,000 emails and corresponding passwords. The website Cybernews wrote on Tuesday that cyberthieves had attached samples of the data on the online forum as proof of legitimacy.
Withum
JANUARY 12, 2023
The IRS announced comprehensive tax relief provisions for taxpayers affected by California’s winter storms. These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. Relief provisions include: Quarterly estimated tax payments due on January 17, 2023 and April 18, 2023; Business tax returns due March 15, 2023 and April 18, 2023; Personal income tax returns due April 18, 2023; Payroll tax returns due January 31, 2023 and April 30, 2023.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Xero
JANUARY 12, 2023
At Xero, our aim is to make life easier for accountants, bookkeepers and small businesses. And we understand that there’s a lot to get your head around, so we’ve shared three key facts about Xero that both new and experienced accounting and bookkeeping users may not have realised. Moving clients to Xero can be efficient and stress-free. There’s a common misconception among accountants and bookkeepers that moving clients to new software, like Xero, can be a costly, time-consuming task.
Withum
JANUARY 12, 2023
January 11, 2023– Withum, a leading advisory and accounting firm, held its annual State of the Firm event on January 10. The event brought team members together in one location from across the globe and also offered a streamed presentation for virtual attendance. This annual meeting was the first Firm event to feature new Managing Partner and CEO Pat Walsh following his transition to the role on January 1.
Insightful Accountant
JANUARY 12, 2023
Are you thinking, 'There must be one solution that can be configured to fit all your needs?' You might be right, and the New Year might be the perfect time to switch.
Speaker: Kim Beynon, CPA, CGMA, PMP
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.
Going Concern
JANUARY 12, 2023
Moss Adams admitted 36 lucky boys and girls into the partnership last week, topping last year ’s new partner class of 34 and more than double the class of 2021. “Our newest group of admitted partners exemplifies our focus on providing holistic services that help our clients succeed,” said Eric Miles, CEO and chairman for Moss Adams. “I’m proud to have this group join our partnership.”.
ThomsonReuters
JANUARY 12, 2023
Use of an Electronic Medium to Make Participant Elections and Spousal Consents, Prop. Treas. Reg. Sec. 1.401(a)-21, 87 Fed. Reg. 80501 (Dec. 30, 2022). Available at [link]. The IRS has released proposed regulations that would permanently allow remote witnessing of certain retirement plan and benefit elections, including those involving spousal consent, that are required under the Code to be witnessed by a plan representative or notary public.
Speaker: Mark Gilham, FCCA, CPP
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.
AccountingDepartment
JANUARY 12, 2023
With a small to medium-sized business, everything has an impact on cash flow, and cash flow is one of the most crucial metrics for business owners to monitor. As cash flow issues occur within a business, decisions are made based on inaccurate data and it will ultimately hurt a company in the long run.
Insightful Accountant
JANUARY 12, 2023
NetSuite helps SailGP manage its financial operations and make strategic business decisions as it expands.
MineralTree
JANUARY 12, 2023
What are Automated Invoice Payments? Automated invoice payments for businesses refer to when a company digitizes the way they pay their vendors. Automated payments help accounts payable (AP) teams quickly pay suppliers and process invoices by streamlining manual, convoluted AP workflows. Teams can automate some or all of the steps within the invoice workflow, including invoice capture , coding and approvals, as well as payment authorization and execution.
Going Concern
JANUARY 12, 2023
Who penetrates networks in the dark with a hood over their head? Silly. h/t @cbriancpa for tweeting this story out. Hackers are claiming they gained access to a database with more than 140,000 emails and passwords from the AICPA according to Cybernews , the only outlet reporting on this as yet. We have reached out to the AICPA to confirm. Attackers announced the breach on a popular hacking forum, saying they have a database with over 140k user data.
Advertiser: Paycor
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.
CPA Practice
JANUARY 12, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Bill , a cloud-based, automated bill management and payment system for firms and businesses. Use the player below to listen to the podcast.
Going Concern
JANUARY 12, 2023
Although EY’s 13,000 partners have yet to vote on the audit/consulting split, the firm continues to march ever onward toward separation, announcing in December that Global Chairman and CEO Carmine Di Sibio would head up consulting and US chair Julie Boland will oversee audit. And a few days ago Financial Times reported that EY has set aside $2.5 billion for a freshly-liberated consulting business to go on an “acquisition spree” that has up until now been prevented by conflicts
Withum
JANUARY 12, 2023
I find the following information interesting and informative and put them in charts for easy viewing. The charts start with 1990 and go through the end of 2022. The chart with the annual sales growth starts in 2001. I prepared the charts, but the underlying data came from Multpl , which has a ton of additional information and statistics, and I recommend checking it out.
ThomsonReuters
JANUARY 12, 2023
The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . In addition to helping businesses and individuals follow the required accounting standards and tax laws, accountants are increasingly capitalizing on new ways to utilize their knowledge and experience to make a positive impact on the clients they serve. .
Speaker: Cheryl J. Muldrew-McMurtry
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.
Snyder
JANUARY 12, 2023
As a Shopify store owner, you know that to increase sales you need to surround yourself with trusted management software and make the most of its key features. Click To Tweet. In this article, we’ll review management apps for Shopify that’ll help you boost sales, manage your orders and inventory, create an omnichannel system , improve customer experience, and much more.
ThomsonReuters
JANUARY 12, 2023
Amendment to the Calendar Year 2023 Fee Guidance for the Federal Independent Dispute Resolution Process Under the No Surprises Act: Change in Administrative Fee (Dec. 23, 2022). Available at [link]. The DOL, HHS, and IRS have amended their 2023 fee guidance for the federal independent dispute resolution (IDR) process used by plans, insurers, providers, and certified IDR entities in resolving claims for payment for out-of-network services.
Insightful Accountant
JANUARY 12, 2023
ADP's Ellen Feeney and Helena Almeida discuss how transparency in the workplace can be powerful and strategic for both employees and employers. Sign up for the webinar here.
Patriot Software
JANUARY 12, 2023
The accounting world may seem filled with hard facts. Either the money is in the account, will be in the account, or it isn’t … right? Well, that’s not always the case. There are some situations when it’s difficult to know exactly how much money you need to account for. For example, accounting for the […] Read More.
Advertiser: Paycor
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.
Insightful Accountant
JANUARY 12, 2023
See how Docyt provides accounting, automation and various back office workflows for today's small- and mid-size businesses.
ThomsonReuters
JANUARY 12, 2023
Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. However, sparked by the onset of the COVID-19 pandemic, which forced many companies to go remote essentially overnight, a growing number of firms are opting to remain remote , or at least hybrid. . Thanks to advancements in technology — such as cloud-based solutions, teleconferencing, data-sharing platforms, and drones with cameras — remote audits are possible as long as the righ
Insightful Accountant
JANUARY 12, 2023
Check out more about the easy to use analysis, reporting and forecasting solution for today's accounting professionals.
ThomsonReuters
JANUARY 12, 2023
If you work in the professional services sector, you’re well aware of the rise of automation. For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . Not so long ago, auditing in accounting meant spending long hours manually entering taxpayer data, sifting through loads of paperwork, and scrutinizing spreadsheets line-by-line.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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