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?
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
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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.
Advertiser: Paycor
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.
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 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.
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
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.
CPA Practice
APRIL 13, 2023
By Rick Dennen. Leadership transitions in accounting practices happen for many reasons, including retirements, resignations, deaths, buyouts, or simply having a new partner leading the practice, yet owners often put off planning for these types of changes. The time for transition will come, though, and when it does, you’ll want to hand over the reins smoothly.
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.
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.
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
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.
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?
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.
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
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.
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.
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.
Advertisement
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.
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.
Accounting Insight
APRIL 13, 2023
End of financial year – party time for accountants, woo! As a long-time accountant working in Australia, I always confuse people who aren’t accountants because as far as I’m concerned, the year starts on the first of July, not the first of January. Around the world the financial year starts at different times – our Kiwi friends start their new financial year on the first of April, the UK several days later, whereas Americans and Canadians are actually aligned with the calendar year.
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.
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.
Advertiser: Paycor
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.
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.
Basis 365
APRIL 13, 2023
Running a business is a challenging task. As an entrepreneur, you constantly juggle multiple responsibilities and wear different hats. One essential aspect of a successful business is bookkeeping, which involves keeping track of financial transactions, managing accounts, and preparing financial statements. However, spending endless hours crunching numbers and managing the books can take a toll on your productivity and limit your ability to focus on growing your business.
Advertisement
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.
Ronika Khanna CPA,CA
APRIL 13, 2023
Access to a car can be crucial to running a small business effectively. Costs of ownership, however, can be high relative to your revenues, especially in the early stages when your business is not hugely profitable. Luckily, Revenue Canada and Revenue Quebec allows individuals and corporations, who use their cars to generate income, to deduct the relevant expenses.
CPA Practice
APRIL 13, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Microsoft Power Query , Microsoft’s Data Connectivity and Data Preparation technology. Click here to go to the podcast page.
ThomsonReuters
APRIL 13, 2023
L.L. v. Anthem Blue Cross Life and Health Ins., 2023 WL 2480053 (D. Utah 2023) A group health plan participant sued the plan, its claims administrator, and her employer (as plan administrator) after the plan denied coverage for wilderness therapy for her daughter’s mental health issues and substance use disorder. The denial letter stated that the treatment was excluded under the plan as investigational and not medically necessary because there was not enough proof that wilderness therapy improve
CPA Practice
APRIL 13, 2023
The Financial Accounting Standards Board (FASB) issued a new standard on March 29 that will allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. Reporting entities were previously permitted to apply the proportional amortization method only to qualifying tax equity investments in low-income housing tax credit (LIHTC) structures.
Advertisement
"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.
Expert insights. Personalized for you.
52 
Let's personalize your content