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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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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How to Build the Ideal HR Team

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.

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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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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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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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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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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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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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Planning Your Restaurant's Path to Profitability

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.

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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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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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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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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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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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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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IRS warns tax pros of identity theft phishing scams

Accounting Today

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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Blockchain CEO pleads guilty in crypto fraud scheme

Accounting Today

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What are the benefits of Private Health Insurance?

Menzies

Menzies LLP - A leading chartered accountancy firm. Health insurance, also known as private medical insurance, provides access to healthcare services and private hospitals in the UK. Currently in the UK, it is well known that GP resources are being stretched to capacity and the ability to see a GP is becoming more and more difficult. Therefore, with private medical insurance, in the event that an individual is injured or becomes unwell, they can make a claim to be seen privately and in most case

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IRS process for enforcing ACA reporting is evolving

Accounting Today

Tax 101
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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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Recruit and Retain New Blue-Collar Talent

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.

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Big Four among biggest employers of recent college grads

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

Accounting Today

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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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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

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Massachusetts CPAs expand high school outreach via community college partnership

Accounting Today

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Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

On July 14, 2022, a nonpartisan, nonprofit think tank provided recent analysis of the Consumer Price Index (CPI) that shows the federal minimum wage rate of $7.25 per hour to be at its lowest value since February 1956. FLSA minimum wage rate. The Fair Labor Standards Act (FLSA) of 1938 established, among other things, a federal minimum wage rate. That rate was effective on October 24, 1938 and was $0.25 per hour.

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IAASB backs ISSB sustainability reporting standards

Accounting Today

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Barclay brothers brawled on yacht over control of empire

Accounting Today

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.