Mon.May 16, 2022

Accounting in an age of uncertainty

Accounting Today

Practice management Growth strategies

Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits

RogerRossmeisl

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled.

audit 201
Insiders

Sign Up for our Newsletter

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

KPMG Audit Kickstart CPA program will pay new hires to study

Accounting Today

Accounting education Continuing education CPA Exam KPMG

cpa 97

Do Valuation Discounts Apply to Compulsory Shareholder Buyouts?

RogerRossmeisl

Valuation discounts for lack of control and marketability are major points of contention when companies or controlling shareholders are required to buy out shareholders who own minority interests.

cpa 193

5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

College athletes confront tax consequences from NIL revenue

Accounting Today

Accounting education Tax planning Tax Tax regulations

tax 87

The Ins and Outs of IRAs

RogerRossmeisl

Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview.

cpa 191

More Trending

Fully Deduct Business Meals This Year

RogerRossmeisl

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021).

Wilson: Remote audits will become the norm

Accounting Today

Audit Audit software Technology Audit preparation

audit 83

5 Ways to Foil a “Fraud Department” Scam

RogerRossmeisl

When banks detect suspicious activity in a customer’s account, they often call account holders to discuss the transactions. Time is of the essence when it comes to preventing fraud, especially in the case of wire and automated clearing house transactions.

cpa 178

IPSASB mulls guidance on accounting for natural resources

Accounting Today

Accounting Government accounting Accounting standards ESG International accounting

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

The Tax Break Commercial Real Estate Investors Might Need After COVID-19

Withum

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt.

Toward more effective ESG reporting

Accounting Today

Accounting Financial reporting ESG

How To Manage 6 Risks Affecting Cybersecurity for Law Firms

Withum

Cybercriminals are increasingly targeting law firms; extortion is quickly realized, given the nature of highly confidential client data. The digital footprint of law firms is constantly expanding, leading to more entrances to a firm’s network infrastructure, which is a direct gateway to data.

Art of Accounting: 40-year-old staff handbook

Accounting Today

Practice management Ed Mendlowitz Employee retention

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Come See Us at AICPA Engage 2022! | Canopy

Canopy Accounting

After more than one year of staying indoors and working remotely, Canopy is excited to get back out there and attend our first in-person trade show in over a year: the American Institute of Certified Public Accountants (AICPA) Engage 2022, which runs from June 6-9 in Las Vegas, Nevada with a virtual option as well.

New IRIS platform aims to centralize accounting solutions

Accounting Today

Technology Hardware and software

6 Things You Absolutely Must Include in Your Hybrid Work Policy

Patriot Software

Thanks to the pandemic, there’s a new sheriff in town: Hybrid workplaces. In fact, 74% of companies in the U.S. are using or plan to implement a permanent hybrid work model.

Avalara debuts Transfer Pricing Reports for Accountants

Accounting Today

Corporate taxes Compliance Technology Hardware and software

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

Taxpayer Locked Out of Partial Home Sale Exclusion

Accounting Web

Individuals Taxpayer Locked Out of Partial Home Sale Exclusion

Horse Racing On My Mind

RitaKeller

“Remember that the most valuable antiques are dear old friends.” ” – H. Jackson Brown, Jr. I was fortunate late last week. I had the opportunity to visit Claiborne Farm i n Bourbon County, Kentucky not far from Lexington, KY.

Mismatch between GSTR 1 and GSTR 3B? Rectify as early as possible

VJM Global

With effect from January 01, 2022 mismatches between GSTR 1 and GSTR 3B can have an impact on your working capital. GST officers can initiate various measures such as withholding your GST refunds, reaching out to your debtors to pay them instead of paying you, etc.

Former Deloitte CEO Is a Big Fan of ‘Smors’

Going Concern

Cathy Engelbert. No, Cathy Engelbert isn’t talking about the delicious summertime treat. She’s talking about “small moments of recovery.”. “I I learned this at Deloitte because when you’re running a firm of that size, you have to find time. We dubbed them smors.

Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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 processes can help you reach the next level of closing.

Fraud Investigation for Small Firms

FraudFiles

The growth in forensic accounting and fraud investigation specialties has led accounting firms of all sizes to expand their practices to these areas. Experts agree that this practice area will continue to grow for the foreseeable future.

audit 52

RIP Norah Bruther, EY Senior Associate Who Was Killed By Alleged Drunk Driver

Going Concern

Funeral services were held this past weekend for 23-year-old Norah Bruther, an EY assurance senior associate from New Jersey who was struck and killed by a vehicle on May 7 while on vacation in Arizona. NJ.com reported : Norah Bruther was hit by a car around 1:30 a.m.

Why is it so important to make your business a great place to work?

Reckon

Jessica Morris, Reckon’s head of HR, chats to us about the continued importance of maintaining a rewarding workplace and rich culture. With COVID-19 radically altering the business landscape, shifting the way you cultivate a great place to work is of the utmost importance.

Maine 69

Can You Buy a Bond That Keeps Pace with Inflation?

Accounting Web

Practice Can You Buy a Bond That Keeps Pace with Inflation

Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.

A short guide to Making Tax Digital for hospitality

Xero

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years.

Five Reasons CPAs Should Use Tested Software Solutions for Creating Clients’ Financials

LSLCPAs

Executive Summary Many CPA firms prefer to use their own proprietary formats for their clients’ financials. It’s a form of branding. Sometimes, a single accountant will favor his or her financial report layout over the one used in the office next door.

How Candice Brown tackled Making Tax Digital and kept her pub pouring through the pandemic

Xero

It’s hard to overstate how damaging the global pandemic was for local pubs. Many of these businesses are institutions – not simply a place to get a cold pint, but a home away from home, with friendly staff, possibly a sleepy dog and, if you’re lucky, a roaring fire. .

Win Your Play With Chris Wilson of Taylor English

Withum

Explore Other Episodes. The post Win Your Play With Chris Wilson of Taylor English appeared first on Withum. Podcasts

52

Perfecting the Close Checklist

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Let’s get up close and personal with balance sheet reconciliations to better understand the purpose behind this activity, so often taken for granted. Let’s rediscover the power of reconciling the balance sheet, the best way to approach the work, and the pitfalls to avoid when preparing or examining reconciliations.