Accounting Today

JUNE 2, 2022

Tax 133

Tax tax planning 133

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].

Tax 105

Tax 105

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.

Sales 104

Sales Account accountant accounted 104

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.

Tax 98

Tax Account accountant accounted 98

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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.

Technology 98

Technology Account accountant accounted 98

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.

Legal 98

Legal Tax Account accountant 98

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.

Tax 98

Tax Account accountant accounted 98

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.

West Virginia 95

West Virginia Virginia Management Consulting accounting firms 95

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).

Tax 97

Tax auditor audit Transportation 97

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.

bookkeeping 86

bookkeeping payroll audit account management 86

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.

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.

NetSuite 78

NetSuite Technology Account accountant 78

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.

Account 76

Account accountant accounted bookkeeping 76

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.

Account 76

Account accountant accounted 76

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.

California 72

California Hospitality bookkeeping Sales 72

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

Technology

SkagitCountyTaxServices

JUNE 2, 2022

Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Skagit County business owners are in the thick of things during this commemorative weekend). Each year as I enjoy the backyard barbecue, I find I am increasingly more and more grateful to those who gave up so much (even their lives) for my freedoms.

accrual accounting 64

accrual accounting Account accountant accounted 64

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.

cpas 57

cpas Gaming Tax Start-ups 57

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.

Finance 59

Finance Technology 59

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.

California 52

California Hospitality bookkeeping Sales 52

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Technology

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.

52

52

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.

Technology 52

Technology Account accountant accounted 52

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.

CPA 52

CPA cpas 52

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.

cpa firm 45

cpa firm CPA 45

Advertiser: Paycor

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Accounting Today

JUNE 2, 2022

accounting standards 102

accounting standards Account accountant accounted 102

Intuitive Accountant

JUNE 2, 2022

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

52

52

Accounting Today

JUNE 2, 2022

Account 100

Account accountant accounted 100

Accounting Today

JUNE 2, 2022

Tax 98

Tax tax preparation 98

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Finance

Accounting Today

JUNE 2, 2022

Technology 98

Technology E-commerce 98

Accounting Today

JUNE 2, 2022

Georgia 98

Georgia Hospitality 98

Accounting Today

JUNE 2, 2022

payroll 98

payroll Account accountant accounted 98

Accounting Today

JUNE 2, 2022

accounting firms 78

accounting firms Account accountant accounted 78

Advertisement

"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.

cpa firm