Menzies
APRIL 13, 2023
Menzies LLP - A leading chartered accountancy firm. More and more we are seeing businesses choose to – or be required to – include non-financial measures when they report to stakeholders or market themselves to the outside world. But why should businesses go to the trouble of considering such issues and presenting the information, and are there any benefits in doing so beyond compliance?
Xero
APRIL 13, 2023
Our team hit the ground running in 2023, introducing a number of exciting features to new reports that we know you’ve been waiting for — including the addition of foreign currency to new reports. Here are some of the highlights and a sneak peek into what’s coming next. Don’t forget, the older versions of our reports will be retired on 31 July 2023. We urge you to start using new reports now , so you have plenty of time to get used to them before the older versions are retired.
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TaxConnex
APRIL 13, 2023
Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done. With varying levels of comfort and success: Though showing more confidence than that in previous years’ surveys, more than half (58%) of respondents remain unsatisfied or only somewhat satisfied wit
CPA Practice
APRIL 13, 2023
Deloitte has launched a new practice designed to help clients harness the power of Generative AI and Foundation Models to exponentially enhance productivity and accelerate the pace of business innovation. The new practice combines the world-class services, AI talent and deep industry experience that enterprise leaders need as they design their Generative AI strategies and leverage the disruptive new technology to create innovative AI-fueled applications.
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.
GrowthForceBlog
APRIL 13, 2023
6 min read With increasing recession fears, ongoing supply chain disruptions, soaring inflation rates, the hiring challenges of the Great Resignation, and the epidemic of quiet quitting, business leaders across industries are experiencing challenging times.
CPA Practice
APRIL 13, 2023
By Elaine S. Povich – Stateline.org (via TNS). States are spending more money and creating new incentives to ease the severe child care crisis, with most federal pandemic aid set to dry up in September. The child care shortage costs the United States $122 billion in lost earnings, productivity and revenue each year, according to ReadyNation, a consortium of business leaders under the umbrella of the Council for a Strong America, a bipartisan nonprofit that promotes workforce solutions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
APRIL 13, 2023
By Elizabeth Crumbly – The Atlanta Journal-Constitution (via TNS). There’s a tipping point when older adults’ willingness to take on debt and their ability to manage it typically changes significantly: It’s called retirement. New cars, mortgage payments, and medical debt that once seemed run-of-the-mill can look daunting as this transition approaches, but financial planning experts offer strategies to offset the challenges.
Going Concern
APRIL 13, 2023
Someone on a throwaway told all of r/Big4 a few hours ago that they’ve been given inside information about a mandatory return to office at PwC to be announced in a couple weeks. This screenshot couldn’t have worked out better. Since late 2021, PwC has touted a super flexible remote work policy. Come in, don’t, whatever. This depends on your team and clients of course but as far as we are aware there hasn’t been any blanket policy to get people back into the office.
CPA Practice
APRIL 13, 2023
Boomers made up 39% of home buyers in 2022; Millennials 28%; Generation X at 24%; Silent Generation 5%; Gen Z 4%. The share of baby boomers has surpassed millennials and now makes up the largest generation of home buyers, according to the latest study from the National Association of Realtors. The 2023 Home Buyers and Sellers Generational Trends report, which examines the similarities and differences of recent home buyers and sellers across generations, found that the combined share of younger b
Insightful Accountant
APRIL 13, 2023
The bi-annual 'Global Crisis and Resilience Survey' takes a deep dive into why you need to anticipate and respond to disruption proactively—not only to survive, but to thrive.
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.
CPA Practice
APRIL 13, 2023
By Jennifer Maas – Variety Entertainment News Service. Variety Millennials are the largest untapped market that video game companies should be focusing on, per a new study from Fandom, which finds that the generation spends more time gaming than both Gen Z and teens. According to fan-community platform and entertainment company Fandom’s annual Inside Gaming report, which was released Thursday, “despite teens and Gen Z spending more time gaming than they did last year, older generations of player
ThomsonReuters
APRIL 13, 2023
Priv. Ltr. Rul. 202311001 (Mar. 17, 2023) Available at [link] In a heavily redacted private letter ruling, the IRS has concluded that the cost of a product that was “neither medicine nor a drug but rather food” was not a medical care expense under Code § 213(d). The product had been recommended by an infant’s doctor but was available without a prescription.
CPA Practice
APRIL 13, 2023
There is tax beauty to a qualified exchange of like-kind real estate under Section 10321 of the tax code. Essentially, you give up property and receive another one in return while owing zero or little capital gains tax. This has been a favorable tax-saving technique used by real estate investors for decades. “But didn’t the Tax Cuts and Jobs Act (TCJA) eliminate like-kind exchanges after 2017?
AccountingDepartment
APRIL 13, 2023
Growth comes for businesses sometimes when least expected and it could easily catch them off guard and unprepared when the company still has manual processes in place.
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.
CPA Practice
APRIL 13, 2023
By Carrie McKeegan, Inc. (TNS) Crowdfunding revolutionized the way businesses and entrepreneurs raise startup capital and seed money for special projects. This democratization of finance offers flexibility and freedom, making it easier for entrepreneurs to access capital. However, crowdfunding comes with extra tax consequences. Before launching a campaign, make sure you’re aware of the IRS’s most recent guidance regarding money raised through crowdfunding.
Insightful Accountant
APRIL 13, 2023
New Chart View feature allows QBO Advanced users to create high quality charts, including comparison charts, within the Custom Report Builder.
CPA Practice
APRIL 13, 2023
Paycom Software, Inc. , a provider of cloud-based human capital management software, has launched Global HCM, allowing businesses and their domestic and international employees to manage their HR needs within one, easy-to-use system. With this product, Paycom is now able to expand access to users in more than 180 countries and is available in 15 languages and dialects.
Patriot Software
APRIL 13, 2023
Eighteen percent of businesses pay employees semimonthly. If you use semimonthly pay periods and have nonexempt employees who work overtime, read on. We’ll break down calculating overtime for semimonthly pay periods (complete with examples!). What is a semimonthly pay period? Semimonthly pay is a type of pay frequency where employers pay employees twice per month.
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
APRIL 13, 2023
By Melissa Angell, Inc. (TNS) After months of anticipation, small businesses now have a glimpse of what a revamped Internal Revenue Service could look like as the agency begins to transition to a digital-first approach. The IRS on April 6 released its $80 billion plan to begin the agency’s modernization efforts, which will introduce new digital tools, streamline tax processes, and offer more assistance to taxpayers.
MineralTree
APRIL 13, 2023
Modern finance teams face a multitude of challenges. The rising threat of inflation, potential recession, and other economic factors pose significant risks to businesses of all sizes. These challenges can lead to higher expenses, less access to capital, declining cash flow, and make accurate forecasting more difficult for teams, among other issues. In this article, we will explore the risks of inflation and recession, along with ways finance teams can mitigate these risks and recession-proof the
Cherry Bekaert
APRIL 13, 2023
The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury (the Treasury), announced that Beneficial Ownership Information (BOI) Reporting Regulations are effective January 1, 2024. To help prepare companies and their owners, FinCEN announced a new webpage , and posted Frequently Asked Questions, a summary of reporting dates and two brief introductory videos.
CPA Practice
APRIL 13, 2023
By Reade Pickert – Bloomberg News (via TNS). A key measure of U.S. inflation showed hints of moderating in March, but likely not by enough to dissuade the Federal Reserve from raising interest rates again next month. The core consumer price index — which excludes food and energy and is closely watched by the Fed — rose 0.4% from the prior month following a 0.5% gain, in line with economists’ estimates.
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.
ThomsonReuters
APRIL 13, 2023
The reality of Global Minimum Tax (GMT) (GloBE or OECD BEPS 2.0 Pillar 2) is here, as South Korea steps forward to be the first country to enact laws associated the OECD’s newly approved tax regime going into effect in January 2024. 137 countries covering 90% of the global economy signed a deal to enforce a GTM rate of 15%. Around 10,000 businesses are expected to be affected worldwide, and if that includes yours, now is the time to prepare.
CPA Practice
APRIL 13, 2023
By Tim Henderson – Stateline.org (via TNS). After two years of record tax collections, budget writers in some states are starting to feel a revenue pinch created by a slumping stock market, banking and tech layoffs, slower consumer spending and lower energy prices. Buoyed by higher revenues and federal aid during the pandemic, officials in many states had been promising to cut taxes and expand services next fiscal year.
ThomsonReuters
APRIL 13, 2023
If you have satisfied tax return clients, in many ways you’ve already taken a step towards recurring income. Most likely, they’ll come back next tax season and perhaps from time to time throughout the year as they make key decisions. But while this certainly adds a dose of predictability to your revenue stream, retainer clients take your income consistency to another level.
RitaKeller
APRIL 13, 2023
“You can’t escape the responsibility of tomorrow by evading it today.” – Abraham Lincoln As 2023 began, I noticed that many firms were announcing new partners. It is a great achievement, and I congratulate all of you who may have become a partner recently. It is also a great responsibility. I also want to remind all current partners of that responsibility.
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.
xendoo
APRIL 13, 2023
Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. Did you know 82% of small businesses fail due to cash flow management? Besides managing all aspects of the business, taking care of your books is crucial to achieving financial success while being tax ready all year round. At Xendoo, we know you didn’t start a business to do the accounting and taxes; but we did.
LSLCPAs
APRIL 13, 2023
In Part One of the “Automating Segments of Your Organization to Save Time and Money” series, we defined some terms to help readers understand what Process Automation is and what the next step, Robotic Process Automation (RPA), is and does. RPA uses technology to automate the actions within or between workflows or processes that were. The post Automating Segments of Your Local Government Organization to Save Time and Money | PART TWO: Deciding What to Automate appeared first on LSL CPAs.
CPA Practice
APRIL 13, 2023
Nearly 1.5 million people across the U.S. have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. The IRS estimates almost $1.5 billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. The average median refund is $893 for this year, and the IRS has completed a special state-by-state calculation to show how many people are potentially eligible for these refunds.
LSLCPAs
APRIL 13, 2023
In Part One of the “Automating Segments of Your Organization to Save Time and Money” series, we defined some terms to help readers understand what Business Process Automation is and what the next step, Robot Process Automation (RPA), is and does. RPA uses technology to automate the actions within or between workflows or processes that. The post Automating Segments of Your Business to Save Time and Money | PART TWO: Deciding What to Automate appeared first on LSL CPAs.
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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