Tue.Jul 26, 2022

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3 Ways to Organize Your Company’s Bookkeeping

IgniteSpot

1. Separate business and personal. Small businesses often mix business with pleasure. That means that as many as 27 percent keep it “simple” and use the same credit cards and bank accounts for business and personal use, according to one survey. While that may be convenient in the short term, the long-term outlook isn’t as good. In fact, it’s a bookkeeping nightmare for you or your virtual bookkeeping partner to separate where and how you spent your money at the end of the year—and you have to be

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7 Indicators It's Time to Switch Sales Tax Compliance Providers

TaxConnex

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. By examining a handful of operational indicators, you can assess whether your provider is still the right fit for your business.

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Reduce SaaS Churn – Strategic Tips for Startups

BurklandAssociates

Reduce SaaS churn by fostering a culture that listens to customers and puts their needs at the center. Here are some specific tips to help. The post Reduce SaaS Churn – Strategic Tips for Startups appeared first on Burkland.

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Five things we learned from the Xerocon London breakout sessions

Xero

Xerocon London 2022 boasted everything from inspirational keynotes, to major product announcements , and fantastic guest speakers. But, most importantly, it offered us an opportunity to come together and reconnect with our amazing community. It’s time to take a breath and reflect on an awesome event. . With this in mind, we’ll take a look back and share some of our key learnings from the Xerocon London breakout sessions. .

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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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IRS warns tax pros of identity theft phishing scams

Accounting Today

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Red Alert: Beware of Data Thieves

Intuitive Accountant

News coming from the recent special Security Summit series warns tax professionals to beware of evolving email, cloud-based schemes to steal taxpayer data. Check out the story on Tax Practice News.

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Ditch the Old ERP System and Manage Growth with NetSuite

AccountingDepartment

It's not uncommon for newer small and medium-sized businesses to experience spikes in business in their first few years as their products or services catch on. With those spikes, business owners may quickly realize that the accounting systems in place are inadequate when it comes to handling the higher work-loads.

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IRS process for enforcing ACA reporting is evolving

Accounting Today

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Save On Back To School Supplies During Missouri’s Tax Free Holiday August 5-7

Anders CPA

The Missouri Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Missouri, the tax-free holiday starts at 12:01 a.m. on Friday, August 5th and lasts through Sunday, August 7th. During this period, qualified purchases are exempt from sales tax. Be aware not all cities and counties in Missouri observe this holiday.

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Big Four among biggest employers of recent college grads

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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Why is customer service the top priority for any business?

Reckon

Paying careful attention to your customer service should be at the forefront of every business owner’s mind But why? We chatted to Alex Alexandrou, GM of Reckon, to see why he thinks the customer experience is the top priority for any business, regardless of size. How and when did you first become interested in customer experience? “I became interested in the unique value of customer experience through my own personal dealings with businesses of all shapes and sizes.

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2 moves to cut tax bills for advisors facing lower income this year

Accounting Today

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Which Firm Had the Most IPO Audit Clients In Q2 2022?

Going Concern

After a slow first quarter of 2022 , initial public offerings didn ’t take off in the second quarter either. In fact, the 46 IPOs in Q2 was the fewest since the first quarter of 2020 (38), and the $5.3 billion raised by those 46 companies that went public was the smallest amount since the first quarter of 2016 ($2.9 billion), according to a new analysis from Audit Analytics.

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Massachusetts CPAs expand high school outreach via community college partnership

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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Deloitte Is Getting a Service Doggo!

Going Concern

We are putting aside our usual bitterness toward Big 4 firms for a moment here because PUPPY. Deloitte is getting a dog! We’re excited to share that @deloitte is getting another #puppywithapurpose – deepening our commitment to #veterans and their families. Before our puppy officially joins – he needs a name! Naming contest is open until July 29 — submit yours: [link] pic.twitter.com/q6aFSao3Dk. — Life at Deloitte US (@lifeatdeloitte) July 26, 2022.

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IAASB backs ISSB sustainability reporting standards

Accounting Today

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APPS Directory Spotlight — 401GO

Intuitive Accountant

With a platform targeted exclusively to small- and medium-sized businesses, 401GO is designed to help your clients meet their unique needs and solve current problems.

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Barclay brothers brawled on yacht over control of empire

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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4 Ways To Tell If an Intuit Email is a Scam

SchoolofBookkeeping

We get asked this question so often that I know how to answer it in my sleep. “Is this email legit?” The majority of the time it is NOT! However, just yesterday I almost fell for the scam. I was so upset with myself. Check this out! I saw the Intuit Logo, the words talking about delaying my payments and deposits had me in a panic. Then the orange button was pulling me in to click it.

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In the blogs: Fooling ourselves

Accounting Today

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ANZUP is fighting cancer, below the belt

Accounting for Good

The post ANZUP is fighting cancer, below the belt first appeared on ACCOUNTING FOR GOOD.

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Tax Strategy: PBGC rule on assistance for multiemployer plans

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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How to Command Premium Pricing

Intuitive Accountant

Outside of just being too busy to think about it, there are two underlying reasons why you are not commanding higher prices. ReNew founders Colin Dunn and Shannon Vincent explain.

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Save On Back To School Supplies During Illinois’ Tax Free Holiday August 5-14

Anders CPA

The Illinois Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Illinois, the sales tax holiday starts at 12:01 a.m. on Friday, August 5th and lasts through the close of business Sunday, August 14th. During this period, qualified purchases can be purchased at a reduced sales tax rate. The state’s portion of the sales tax (6.25%) is reduced to 1.25%.

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APPS Directory Spotlight — ClearSpend

Intuitive Accountant

See why this all-in-one expense management and spend control platform is the ideal solution for today's small businesses.

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Ever Wonder What Is Dropshipping? It Could Be Just What Your Business Needs

Patriot Software

Starting a business comes with obstacles that may seem insurmountable. You have to get a storefront, buy and store inventory, and sell and ship that inventory if needed. But, you don’t have to stick to the old ways of doing business if you don’t want to. With a dropshipping business, you can bypass a lot […] READ MORE.

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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.

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Bentornato. Expensify is Back in Italy for 2023

Intuitive Accountant

The invite-only, all-expenses-paid event at Borgo Egnazia in Puglia will unite 100 of the top accounting firms and fintech players from around the world to kickstart the creation of an industry-changing community.

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Industry update on the Introduction of the Customs Declaration Service (CDS): Current Thinking & Next Steps

Menzies

Menzies LLP - A leading chartered accountancy firm. We recently held a roundtable discussion with customs brokers, forwarders and importers/exporters to discuss the move to CDS. Below we share some observations and comments from the roundtable. The transition to CDS will potentially have a bigger impact on the industry than Brexit. Businesses must prepare now for the upcoming changes.

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Whether you call it closing the sale or completing the sale – you need to be able to do it

Mark Lee

In an ideal world, you would simply tell people that you are an accountant and your ideal prospects would then find you and ask to become your clients. Life isn’t like that. Even when these people do find out about your practice you need to have a process which brings them onboard as clients. Traditionally known as ‘closing the sale’ this is quite distinct from your marketing and business development activity.

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Dear Graduate… Don’t let your next steps be taxing!

Menzies

Menzies LLP - A leading chartered accountancy firm. Thinking of going freelance when you graduate, or started your own side business already, but don’t know what to do about tax? What do you need to do when starting your own side business? If you want to be self-employed (also referred to as a ‘sole trader’) you need to notify HMRC by 5 October following the end of the tax year in which you started your new business.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

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.