Fri.Aug 12, 2022

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Fraud Detection and Protection Series: The Loan to Construct Nothing

Withum

You are about to read a true story, though all names have been changed. The Incident. Do you remember the rush of inspiration you felt when you began exploring the field that would later become your career? Maybe it was because of a training course or apprenticeship – opportunities that many unions make possible every day. The union in this story did just that: it provided training and apprenticeship courses to its members interested in learning the trade.

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Small Business Owner’s Equity Guide

xendoo

If you’re a small business owner, you know that keeping track of all the moving parts can be challenging. Most small business owners keep track of their profit and loss statement , but the owner’s equity is equally important (and often overlooked). . In this guide, we will explain what owner’s equity is and how to calculate it. We will also give tips on how to grow your equity and protect it from potential risks. .

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The Rule of Life by Kurt Vonnegut

Withum

“Hello, babies. Welcome to Earth. It’s hot in the summer and cold in the winter. It’s round and wet and crowded. At the outside, babies, you’ve got about a hundred years here. There’s only one rule that I know of, babies—: “‘…you’ve got to be kind.'” This is from God Bless You, Mr. Rosewater by Kurt Vonnegut.

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Friday Footnotes: Crippling Staff Shortages in Consulting; Hold Auditors Accountable; AICPA is Mad | 8.12.22

Going Concern

Ed. note: fans of accounting headlines are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week. How to follow up after a job interview [ Journal of Accountancy ] You aced the job interview. What’s next? This is just one of many questions that have baffled accountants of all ages and experience levels for decades.

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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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NRA Pushes SBA To Release $180M in Leftover Restaurant Revitalization Funds

KROST

The National Restaurant Association asked the Small Business Administration to disperse $180 million in leftover Restaurant Revitalization Funds to applicants who did not receive funds in a letter sent on July 27, 2022. The Restaurant Revitalization Fund, otherwise known as RRF, is a critical program recovery program created in response to the COVID-19 pandemic.

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Power Up Your Construction Company Payroll Processes

Randal DeHart

Payroll is one of those things that starts quite simple. You build your construction business, hire a few employees, and things tick along pretty well. It’s straightforward enough to keep everything in line at first, but what happens to most companies is that they grow! However, having an employee is different than when it’s just you meeting the client, doing the work, and collecting the money.

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Promotion Watch ’22: Plante Moran Adds 29 New Partners

Going Concern

Fortune magazine ’s favorite accounting firm promoted 29 new partners across eight service lines and 15 offices at the beginning of August. The new partner class of 2022 at Plante Moran is the firm’s largest in the last several years, surpassing the 24 in 2021 , 25 in 2020 , 16 in 2019 , and 15 in 2018. Here are the 17 men and 12 women who just had their work responsibilities ratcheted up a couple notches: Andrew Bogott, Assurance, Schaumburg.

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Is It Time to Take Your Services Remote? Offering Virtual Bookkeeping 101

Patriot Software

Nowadays, everything seems to happen in the cloud and jobs everywhere are going remote. Well, go ahead and add virtual bookkeeping to that list. With virtual bookkeeping, accountants can work with clients remotely whether they’re in the same state or across the country. Interested in learning more about what it takes to become a virtual […] READ MORE.

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Turns Out a Place Called “Accountant ‘R’ Us” Was Not a Legitimate Business at Which to Get Your Taxes Done

Going Concern

A man in Connecticut is accused of taking $373,201 in PPP loans to fund a phony accounting firm : Eric James O’Neil, 57, was arrested Aug. 9 at his Bethel home on an arrest warrant and indictment issued by federal court in Boise, Idaho, where the bank that processed the loan is based. O’Neil formed Accountant “R” Us Inc. in 2013, according to the indictment, and it was based at a shared office space in Tarrytown, according to a state corporation record.

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How Synder helped Betr Health categorize their expenses and income and import almost 2 years of data, transaction by transaction to their books

Snyder

Betr Health. The Betr Health Method is the world’s first gut health, food as medicine movement using the science that everyone’s talking about, but few people know how to implement it into their daily lives. It was created by Dr. William Ferro and is based on nourishing the body with a diverse variety of whole, delicious foods to heal and restore gut health.

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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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UK Transfer Pricing Documentation Changes Ahead

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK Government has tabled draft legislation setting out new transfer pricing documentation requirements that will affect the largest UK businesses. It includes UK companies that are part of very large International Groups (with global revenues of EUR 750m or more), requiring them to retain documentation in a Master File and Local File format, plus a summary audit trail which will disclose the main actions undertaken in preparing the Local Fi

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China state-owned giants to delist from U.S. amid audit spat

Accounting Today

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Word Hits TikTok That Big 4 Firms Are Cheap Bastards, “It’s Modern Day Slavery”

Going Concern

Deloitte Australia is trying to be transparent by releasing salary data but apparently this tactic isn’t working, not with Daily Mail writing headlines like Young Aussie reveals why many millennials no longer want to work in corporate jobs – after boomers said the generation was ‘lazy and entitled’ that is. Here’s the TikTok that inspired such dramatics: @gowokegobrokeaus Tell me how it makes sense #big4 #deloitte #fyp #graduate #work #commentator #corporatelife #co

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Tech News: Intuit releases Tax Resource Library

Accounting Today

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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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Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and

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Eide Bailly and Conservis partner to connect farm data and business operations

Accounting Today

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Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

What does an accountant do? What are bookkeeper duties? These topics remain hot because there’s often a lot of confusion about it. As a small business owner, you have to do your best to allocate your resources wisely. Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience.

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KPMG names new partner-in-charge of university talent acquisition

Accounting Today

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and

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On the move: SobelCo promotes two to member

Accounting Today

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Power Platform Environments and When to Use Them – Part One: All About Trial Environments 

Withum

In this series of blog posts, I will review each of the Power Platform environments and discuss best practices for their use in helping you avoid any gotchas and data loss. If you don’t know anything about Power Platform environment types, you might want to read my prior blog post, What IT Professionals Need to Know About Power Platform Environment Management first.

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Lawmakers trade accusations over IRS hiring of auditors

Accounting Today

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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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How the Inflation Reduction Act expands energy efficiency tax incentives for the real estate industry

Accounting Today

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House sends Biden landmark tax, climate, health bill to sign

Accounting Today

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Trump Organization, CFO tax-fraud trial to begin Oct. 24

Accounting Today

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