Mon.Apr 04, 2022

article thumbnail

Does This Non-Word Apply?

RitaKeller

“Anytime you see a turtle up on top of a fence post, you know he had some help.” – Unknown. Occasionally, I reprint a blog post from Seth Godin. Today is one of those days. To me, it has meaning to those of us working for or with CPAs. ANYTIMED – by Seth Godin. It’s not a word, but perhaps it should be. If a competitor goes after your customers by offering them faster service, all day and all night, you’ve been anytimed.

cpas 49
article thumbnail

4 Keys to Selling Your Boss on New Tax Compliance Solutions

ThomsonReuters

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff. What’s more, you’ve found the new software solution that you believe can deliver all of the powerful, time-saving tools your firm needs to work better and faster.

Tax 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Accounts Payable Workflow Automation [11 Benefits + Best Practices]

Ryan Lazanis

Want all the information you need about accounts payable workflow automation? You’ve come to the right place. In this article, you’ll learn: What accounts payable automation is. 11 different benefits of automating this process. The best tools to automate A/P. How to specifically automate A/P. Let’s dive in! What is Accounts Payable Workflow Automation.

article thumbnail

How to Confidently Implement Strategic Advisory Services, and Get Your Boss On Board

ThomsonReuters

Whether you’ve read about it in industry publications, heard about it at trade conferences or discussed it with your peers, you know that more and more firms are shifting away from compliance-based practices in favor of higher-value advisory services. You understand the importance of providing clients more proactive, strategic advice, but you’ve been unsure how to make the pivot — until now.

article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

Expense Expectations of Hiring a New Employee

Basis 365

Business is booming, and suddenly, you need extra hands in the office to accomplish your many emerging tasks. As a result, it's time to start thinking of hiring new employees. Though this phrase is inspiring and productive for your company, recruiting new staff members is also a timely and financially costly assignment. Unless you know what to expect and how to handle the changes well, onboarding personnel can cause significant financial and management problems for your industry.

article thumbnail

What is PRF? Must know tax and reporting requirements of HHS provider relief fund distributions

ThomsonReuters

As a result of the CARES Act, the Provider Relief Fund (PRF) was created to reimburse eligible health care providers for increased expenses or lost revenue attributable to COVID-19. Although initially $100 billion was provided to prevent, prepare for, and respond to the coronavirus domestically and internally, that amount was increased by $78 billion in two subsequent pieces of legislation.

Tax 97

More Trending

article thumbnail

Retaining Employees After a Difficult Tax Season

Accounting Web

Practice Retaining Employees After a Difficult Tax Season.

Tax 111
article thumbnail

Court Invalidates IRS Micro-Captive Transactions Notice: Now What?

Withum

On March 21, 2022, a U.S. District Court in Tennessee invalidated IRS Notice 2016-66 (November 2016) , which announced the IRS view that certain micro-captive insurance transactions are transactions of interest (essentially tax shelter transactions) and that they are subject to the special reporting regime applicable to so-called reportable transactions.

article thumbnail

Q1 is Over – How is your year shaping up?

Basis 365

The first quarter is arguably the most critical quarter of the year. It sets the tone for the rest of the year and reveals how effective your budgeting and planning endeavors have been. So, as you review your first-quarter results, ask yourself, are you on track to reach your revenue and business goals in the upcoming quarters or by the end of the year?

59
article thumbnail

6 Ways to Help Clients Face Financial Fears

Accounting Web

Practice 6 Ways to Help Clients Face Financial Fears.

98
article thumbnail

Planning Your Restaurant's 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

Five Simple ways to troubleshoot your profit margins

Basis 365

When an oranigzation's profit margins aren’t at expected levels, various factors can be at play. Profit margins are commonly a measure of business efficiency, and if the numbers fall short of projections, the solution will generally involve reducing costs, increasing sales, or both. Businesses must also assess why profit margins are below expectations to make focused and effective corrections.

cpas 52
article thumbnail

Team With No Accounting Majors Takes On Another Team With No Accounting Majors For Men’s College Basketball Supremacy

Going Concern

Tonight at the Caesars Superdome in New Orleans, the eighth-seeded North Carolina Tar Heels will be taking on the No. 1 seed Kansas Jayhawks for the 2022 men’s college basketball championship. After disposing its longtime archrival Duke and Coack K (thank god) on Saturday, the Tar Heels are looking to win their seventh NCAA men’s basketball tournament championship tonight, while the Jayhawks are seeking their fourth championship.

article thumbnail

How To Start a Bookkeeping Business in 2022 [Step by Step]

Ryan Lazanis

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years.

article thumbnail

This Might Be the Reason Why EY Employees Did Not Get a Mid-Year Salary Adjustment

Going Concern

Let’s wildly speculate as to why EY was the only Big 4 firm not to give their employees some sort of mid-year raise. You might recall that EY leadership told their people the reason why they didn’t give out salary adjustments is because the firm is already the market leader in salaries among the Big 4 and “ our competitors are now making adjustments to catch up to us.

Florida 52
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

Case Study: Bridal Designer and Manufacturer Modernizes Operations with Oracle NetSuite ERP

Withum

Download a PDF of this case study. Executive Summary. A leading private bridal and special occasion dress designer and manufacturer with a national and international presence was struggling to keep its operations efficient through its growth and needed to accommodate a newly remote workforce. As a result of its growth, including both volume and sophistication of operations, the company believed its systems needed a significant upgrade or replacement.