Thu.Jun 02, 2022

article thumbnail

Crowdfunding complexities may produce tax surprises

Accounting Today

Tax 136
article thumbnail

Margin vs. Markup: Chart, Infographic, & More

Patriot Software

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.

Sales 105
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

FASB plans new standards

Accounting Today

article thumbnail

Pizza Parties In Lieu of Compensation: A Comprehensive History

Going Concern

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.

article thumbnail

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.

article thumbnail

That’s a wrap on Roadshow Australia 2022!

Xero

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.

article thumbnail

Free Stock Market Booklet

Withum

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].

Tax 105

More Trending

article thumbnail

IRS Highlights Shift to Electronic Filing of Form 5300 Determination Letter Applications

ThomsonReuters

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.

Tax 98
article thumbnail

Tax Fraud Blotter: Errors past and present

Accounting Today

Tax 98
article thumbnail

Optimising accounting technology for remote workplaces

Reckon

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.

article thumbnail

Lack of data standards driving manual reconciliations

Accounting Today

article thumbnail

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.

article thumbnail

Bringing together our South African accounting community

Xero

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.

Account 98
article thumbnail

Windham Brannon donates $140K to Georgia hospitals

Accounting Today

Georgia 98
article thumbnail

If an Audio Recording Was Made of a Claim-Related Telephone Conversation, Must We Provide It If Requested?

ThomsonReuters

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.

Legal 98
article thumbnail

Small businesses lost nearly 100K jobs in May, says ADP

Accounting Today

payroll 98
article thumbnail

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.

article thumbnail

Expanding Cash Management Capabilities with NetSuite

AccountingDepartment

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.

article thumbnail

CMS Fact Sheet Summarizes HIPAA Requirements for Electronic Health Care Transactions

ThomsonReuters

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.

Tax 98
article thumbnail

How to Manage Cash Flow in a Nonprofit

GrowthForceBlog

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.

article thumbnail

IRS Webpage Addresses Tax Rules for Employer-Provided Parking

ThomsonReuters

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).

Tax 97
article thumbnail

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.

article thumbnail

IRS Issued Identification Numbers Explained: TIN, ITIN, PTIN, SSN, CAF Number

Canopy Accounting

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.

Tax 96
article thumbnail

Who can be a statutory agent?

Accounting Today

article thumbnail

Management Fees, It’s Time To Review

KROST

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.

article thumbnail

Mobile banking increasingly a target for malware

Accounting Today

81
article thumbnail

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.

article thumbnail

How Finance Can Use Technology for Greater Control

Intuitive Accountant

For finance departments working on digital transformation, control is a central issue in making technology decisions. Corpay's Julia Collins explains.

Finance 59
article thumbnail

CPAs: 3 Ways Direct Indexing Can Help Your Clients Level Up Their Charitable Gifting

Going Concern

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.

cpas 59
article thumbnail

Management Fees, It’s Time To Review

KROST

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.

article thumbnail

Top 100 ProAdvisor Vanessa Vasquez on the Importance of Apps and Processes

Intuitive Accountant

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.

52
article thumbnail

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.

article thumbnail

Power BI and Salesforce: Make the Right Connection

Withum

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.

article thumbnail

Merchant, Payment & Banking Solutions at Scaling New Heights 2022

Intuitive Accountant

Murph looks at merchant, payment and banking solution sponsors at this year's 'Scaling New Heights.

52
article thumbnail

But Who’s Counting? Episodes 6 and 7: Get to Know Summit CPA Group’s Co-Founders

Anders CPA

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.

CPA 52
article thumbnail

Slow Adapters

RitaKeller

“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.

article thumbnail

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.