Crowdfunding complexities may produce tax surprises
Accounting Today
JUNE 2, 2022
Patriot Software
JUNE 2, 2022
Business owners often confuse margin and markup. After all, they both deal with sales, help you set prices, and measure productivity. But, there’s a key difference between margin vs. markup—and knowing this difference is how you can set prices that lead to profits. Unsure about the difference between markup and margin in accounting? We’ve got […] READ MORE.
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Going Concern
JUNE 2, 2022
Have you attended a pizza party lately? Has your firm been trying to seduce you back into the office with the promise of under-seasoned jarred sauce and crust? Have you ever stared down a tiny tub of garlic butter sauce wondering wtf you’re doing with your life? Then this piece (heh) is for you. Wikipedia describes a pizza party as : A pizza party is a social gathering at which pizza is served.
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.
Xero
JUNE 2, 2022
What a hectic few years we’ve all gone through, and the accounting and bookkeeping community has undoubtedly faced some of its toughest challenges yet. What’s more, they’ve done it largely in physical isolation, working behind a screen and over the phone to keep small businesses – and sometimes, each other – afloat. So if there’s one thing we can all agree on, it’s that nothing beats #human connection.
Withum
JUNE 2, 2022
Understanding the stock market is difficult, but much easier when you know the basics and can match them with what you are trying to accomplish. For the last few years, I have been publishing (as a PDF) a booklet explaining how the stock market works. I cover all of the basics and some pretty sophisticated added information written in my down-to-earth style [this blog is a sample of my writing style].
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
JUNE 2, 2022
IRS Employee Plans News (May 25, 2022). Available at [link]. A recent edition of the IRS’s employee plans newsletter summarizes the electronic submission requirements for Form 5300, Application for Determination for Employee Benefit Plan, as set forth in Revenue Procedure 2022-4 (see our Checkpoint article ). Electronic filing of Form 5300 is available beginning June 1, 2022, and required beginning July 1, 2022.
Reckon
JUNE 2, 2022
For better or worse, the pandemic has disrupted the accounting industry forever. Dave Francis, General Manager of APS, has witnessed enormous changes industry wide. One of the most significant has been a distinct shift in where work is done. Since the onset of COVID-19, adopting new working patterns has been a necessity for many firms. While some pandemic-borne trends are fleeting; hybrid and remote work models are here to stay.
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.
Xero
JUNE 2, 2022
What an amazing few days for team Xero in South Africa. We brought our Roadshow event back last week in Cape Town and Johannesburg. I loved seeing all the positive reactions from the 2,000+ accountants, bookkeepers, banks, apps and other industry partners. We’ve all missed being together in person, so it was great to see our community and hear from some inspirational guest speakers.
ThomsonReuters
JUNE 2, 2022
QUESTION: The claims administrator for our ERISA group health plan sometimes records telephone conversations between a plan participant or beneficiary and the claims administrator’s representative. These recordings are used for training and quality assurance purposes only, not claim administration. Contemporaneous notes of the conversation are used for tracking and administering the claim, and are included in the administrative record that is available to claimants upon request.
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.
AccountingDepartment
JUNE 2, 2022
Controlling expenses and managing/monitoring cash flow are critical to any successful business. Businesses that cannot correctly manage their cash flow ultimately find themselves shutting their doors within the first 5-years.
ThomsonReuters
JUNE 2, 2022
CMS: HIPAA Administrative Simplification Regulations Overview (May 2022). Available at [link]. CMS has created an online fact sheet that summarizes the HIPAA administrative simplification requirements that apply to covered electronic health care transactions. These provisions are designed to streamline and simplify health care transactions through standards, operating rules, unique identifiers, and code sets, which can help the health care community save time and money.
GrowthForceBlog
JUNE 2, 2022
10 min read. You probably knew you were signing up for a difficult job when you first got involved with your nonprofit. However, you might not have realized just how much of the job of running a nonprofit is actually comprised of money management.
ThomsonReuters
JUNE 2, 2022
IRS Webpage: Qualified Parking Fringe Benefit (Apr. 25, 2022). Available at [link]. A recently revised IRS webpage intended for charities and nonprofit employers highlights the tax rules applicable to employer-provided parking and what to expect if the IRS audits this benefit. As background, employers may provide tax-free parking to employees as a qualified transportation fringe benefit under Code § 132(f).
Advertiser: Paycor
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.
Canopy Accounting
JUNE 2, 2022
It doesn’t take long working with tax forms to realize that the IRS uses a bewildering variety of acronyms. As confusing as the never-ending grouping of letters may seem, it is important that you understand the difference between a PTIN, ITIN, and CAF number.
KROST
JUNE 2, 2022
Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. If you have an operating agreement or an investor agreement, the management fees must be described clearly to all parties involved.
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.
Intuitive Accountant
JUNE 2, 2022
For finance departments working on digital transformation, control is a central issue in making technology decisions. Corpay's Julia Collins explains.
Going Concern
JUNE 2, 2022
Direct indexing is an investment strategy that can help your clients take charitable gifting to the next level, potentially offsetting gains and reducing tax liabilities in ways that improve their after-tax performance—and possibly even lead to better outcomes for the charity or recipient. Using direct indexing for charitable gifting (and for other things, too) is sort of like leveling up in a role-playing game (RPG)—a metaphor we’ll try not to wring completely dry by the end of this piece.
KROST
JUNE 2, 2022
Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. If you have an operating agreement or an investor agreement, the management fees must be described clearly to all parties involved.
Intuitive Accountant
JUNE 2, 2022
Because the last 18-plus months have challenged each of us in different ways, we wanted to see how some of the industry’s leaders handled the times. Here’s another in our series on what our Top 100 ProAdvisors did to weather the storm.
Advertiser: Paycor
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.
Withum
JUNE 2, 2022
In this blog post, I will share my recent experience leveraging Power BI (PBI) to perform analysis on Customer Relationship Management (CRM) data captured using Salesforce, such as performance trends and opportunities for a client. Our client primarily lives in this CRM and has custom reports created using standard and custom objects and fields. The organization’s Salesforce administrator exports quarterly reports to Excel.
Intuitive Accountant
JUNE 2, 2022
Murph looks at merchant, payment and banking solution sponsors at this year's 'Scaling New Heights.
Anders CPA
JUNE 2, 2022
We recently announced that Summit CPA Group has merged practices with Anders , combining resources and expertise to provide a broader experience to our clients. In a two-part special edition of the But Who’s Counting? podcast, host David E. Hartley meets with Summit co-founders Jody Grunden and Adam Hale to discuss the re-focused vision of Summit and Anders.
RitaKeller
JUNE 2, 2022
“Intelligence is the ability to adapt to change.” – Stephen Hawking. I’m sure you still have some inside your firm. I encounter them frequently as I interact with CPA firms. They are not the leaders who want to be on the leading edge of becoming a digital firm. They are not the ones who are forcing, as best they can, a truly paperless culture.
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.
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