Tue.Aug 09, 2022

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5 Reasons to Consider Outsourcing Your Accounting

AccountingDepartment

As a company grows and evolves, business leaders and key personnel may spend more and more time devoted to bookkeeping and accounting activities than they would prefer. Some small business owners spend more than half their time managing the company's finances.

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5 Ways to Stop Employees from Colluding in Fraud

RogerRossmeisl

What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median loss skyrockets to $145,000.

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IRS expands crypto question on draft version of 1040

Accounting Today

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A Candid Talk with Ford CEO Jim Farley on Ford’s EV Future

RogerRossmeisl

As posted to the Munro Live YouTube Channel on 8/1/2022 (Run Time 49 min, 46 sec) Ford CEO Jim Farley, Linda Zhang (F-150 Chief Nameplate Engineer), and Doug Field (Chief Officer of EVs and Digital Systems) deliver Munro & Associates a Ford F-150 Lightning and sit down for a down-to-earth interview with Sandy Munro to discuss, among other things, urgent changes necessary to avoid a financial calamity in the transition to EVs.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Holiday hucksterism? State sales tax holidays fail to live up to the hype. That’s the consensus of a recent report from the Institute on Taxation and Economic Policy, which notes that “so far this year 20 states have decided to forgo a combined $1 billion in vital tax revenue?

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Valuators Know How to Evaluate Compensation Levels

RogerRossmeisl

Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes and other litigation matters involving the value of a private business. What’s appropriate depends on the facts and circumstances. Applying federal tax guidance The IRS is on the lookout for C corporations that pay employee/shareholders excessive salaries in place of dividends.

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Intuit Announces New Desktop Payroll Changes

Intuitive Accountant

The global technology platform also has announced changes to QuickBooks Desktop Payroll Subscriptions and Pricing for 2023.

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Four tips to help you ace your Xero Award nomination

Xero

The Xero Australia Awards are back for another year! That’s right, this is a chance to showcase your achievements, benchmark your business against the industry, and be in the running to win an exclusive awards experience. . Like last year, we have 13 major categories. These are designed to recognise the diversity (and talent) of our business community.

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Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte

Going Concern

Why do people post this crap on LinkedIn. via r/accounting. Thanks for doing your part to feed the pipeline, ma’am. The post Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte appeared first on Going Concern.

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IRS releases sample security plan for tax pros

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Hoping Everyone Has Forgotten About All the Scandals, KPMG UK Is Bidding for Government Contracts Again

Going Concern

Late last year KPMG UK decided to stop bidding for government contracts for a bit while they worked out some scandals, p**s poor audit quality, and client collapses. Well, it wasn’t so much that they decided but rather that the government threatened them and told them to get their s**t together or they’d be banned from bidding on government work altogether.

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Dynamics resellers join forces to aid Ukrainian teams

Accounting Today

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IRS Form W-9: 5 Burning Questions, Answered

Patriot Software

Does your business hire independent contractors, gig workers, or freelancers? If so, congratulations—you get to learn the ins and outs of IRS Form W-9! So, what’s the scoop with the IRS W-9 form? What exactly is it used for? Who needs to fill one out? We have the answers to all of your burning questions […] READ MORE.

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6 key issues a firm's ownership agreement should address

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Do You Need to Outsource Your Accounts Payable?

Basis 365

A provider that offers Accounts Payable automation could be the difference between success or failure when your company decides to outsource. Although outsourcing payables may not be for everyone, it is something that you should consider. Accounts Payable - A Quick Overview In a nutshell, accounts payable refers to money owed to vendors or suppliers.

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CohnReznick to monitor JFK airport redevelopment

Accounting Today

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How to Hire People Who Won't Quit

GrowthForceBlog

7 min read. Whether you run a small, medium, or large business, the basic goal of hiring tends to be the same: hire the best candidate who will help fulfill your organization's mission and reach your goals.

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PwC U.K. hit with £1.75 fine over BT audit

Accounting Today

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Doing More With Less: The Modern Finance Miracle

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.

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Superfund Chemical Excise Tax FAQ: What companies need to know

ThomsonReuters

Effective July 1, 2022, as required by the Infrastructure Investment and Jobs Act (IIJA) passed last November, the Internal Revenue Service (IRS) has reinstated the Superfund Chemical Excise Tax on a wide range of chemicals and substances. These taxes have not been in effect since 1995, so over the past 27 years are now scrambling to understand the complexities and requirements of this new iteration of the law.

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Blockchain in accounting – what does the future hold?

Reckon

While blockchain advancement has been discussed at length for some time now – it’s now very much impacting the world of data and global finances. No longer an abstract curiosity – blockchain is here to stay. People across all walks of life are now quite aware of the term ‘blockchain’. But what do you know about the emergence of blockchain in bookkeeping and accounting?

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Why Should You Consider Outsourced CFO Services?

IgniteSpot

5 Reasons to Consider Outsourced CFO Services. Outsource or in-house ? Your company size, structure, and industry often dictate the right choice, but so do the potential benefits. As an outsourced accounting firm, we could give a laundry list of reasons to switch to outsourced services, but we’ll leave it at five. for now.

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Rebuild your business model to scale your firm

Accounting Today

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8 Pillars of Leadership Development

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.

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Looka, Xero Ink Referral Partnership Program

Intuitive Accountant

The new Partner Marketplace Program is a resource designed to connect small businesses to a range of online accounting solutions.

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In the blogs: Drilling down

Accounting Today

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Meet Top 100 ProAdvisor Marjorie Adams

Intuitive Accountant

Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors begins with industry thought leader and Fourlane CEO Marjorie Adams. See what she says it takes to stay on top of your game.

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Accountants and professional services rank second in spending on finance

Accounting Today

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.

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Why Your Accounting Firm Needs a Blog and How To Get Started | Canopy

Canopy Accounting

Content marketing is a tool that can help increase traffic to your website, build trust with your audience and boost SEO rankings. Let’s take a look at how these things can be accomplished.

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Benefits of TODOIST for Busy Business Owners, Controllers, and CFOs… And Why We’re Fans

LSLCPAs

If you’re looking for a better way to get control of your many “To-Do” lists—or LARGE projects—you might want to look at the TODOIST app, which you can find on TODOIST.com. This article will focus on the benefits of this app for busy business owners, controllers, CFOs, and their teams. We plan to tell you. The post Benefits of TODOIST for Busy Business Owners, Controllers, and CFOs… And Why We’re Fans appeared first on LSL CPAs.

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Avalara to be Acquired by Vista Equity Partners for $8.4 Billion

Intuitive Accountant

The tax compliance automation provider Avalara has entered into a definitive agreement to be acquired by Vista Equity Partners.

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Is there a shortage of worldwide digital talent

Menzies

Menzies LLP - A leading chartered accountancy firm. There is currently a deficit of skills, especially around web development and digital technology, affecting multiple industries and sectors. Because of this, many UK-based companies are now employing remote workers in foreign countries such as America, Amsterdam, and Spain. What caused this lack of skilled workers?

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How to Set Better OKRs and Drive Results

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.