Xero

APRIL 6, 2023

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. Here, we continue to celebrate accountants, speaking with Callum Tingle, axe thrower and director at Fresh Business Solutions , Zahra Kassamali, hotel manager and accountant at Jaffer & Co , and Neil Criddle, founder of NDC and heavy metal DJ.

Account 81

Account accountant accounted accounting and finance 81

TaxConnex

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. Seems clear. However, companies still must deal with the ambiguous physical presence standards as well as the varying taxability rules from state to state.

Technology 130

Technology Sales Tax tax return 130

CPA Practice

APRIL 6, 2023

The Internal Revenue Service has unveiled its Strategic Operating Plan , an effort the agency says will to transform the IRS and dramatically improve service to taxpayers and the nation during the next decade. The 150-page report to the Secretary of the Treasury outlines the agency’s historic plans to make fundamental changes following funding from last year’s Inflation Reduction Act.

Tax 113

Tax audit Education tax accountant 113

Going Concern

APRIL 6, 2023

A few weeks back we wrote up EY Australia’s Space Hub and its impressive new ex-NASA hire. This week, we’ve learned that Deloitte has its own big plans for space. In an April 4 press release , Deloitte announced a formal space practice “to connect organizations in rapidly growing global space ecosystem.” That’s obviously a direct quote from the release.

Nevada 91

Nevada Government 91

Advertiser: Paycor

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.

Insightful Accountant

APRIL 6, 2023

Shopify now is Intuit's Preferred Solution for a POS solution that integrates with QuickBooks Desktop. Learn more about the solution and the special bonus bundle available to migrating QB-POS customers.

quickbooks 92

quickbooks 92

Patriot Software

APRIL 6, 2023

Are you a new employer in the Commonwealth of Massachusetts? Do you plan on offering your employees paid sick leave? If the answer is no, it’s time to reassess. Most employers must provide Massachusetts paid sick leave under state law.

Massachusetts 82

Massachusetts payroll 82

AccountingDepartment

APRIL 6, 2023

Supply chain management deals with areas of procurement, operations, logistics, marketing channels, and more so that businesses can simply operate and deliver within their industry. For companies of all sizes, an enterprise resource planning (ERP) system like NetSuite will help with efficiently managing supply chain activities that turn raw materials into finished products for its customers.

NetSuite 75

NetSuite Technology Account accountant 75

Cherry Bekaert

APRIL 6, 2023

With SFFAS 54, Leases, effective for fiscal years beginning on or after October 1, 2023, federal agencies should consider their implementation process. Once agencies have identified key stakeholders, and completed lease populations and systems, Cherry Bekaert’s fourth suggested step in the process is to create the entries and disclosures necessary to account for leases.

Government 73

Government Account accountant accounted 73

GrowthForceBlog

APRIL 6, 2023

7 min read Selecting an accounting software solution for your architecture firm can be an overwhelming process.

accounting system 76

accounting system Account accountant accounted 76

Cherry Bekaert

APRIL 6, 2023

In Part 1 of this three-part series, Cherry Bekaert’s Digital Advisory Practice advisors defined the Power Apps and in Part 2 , they focused on the purpose and benefits of the Power Platform. This low-code development platform enables businesses to easily build dashboards, applications and workflows to best fit your needs. Quickly build data-driven business solutions with the Power Platform application—Power Apps, Power Automate (formerly known as Flow), Power BI and Power Pages.

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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.

Going Concern

APRIL 6, 2023

PwC’s hybrid work policy was quite the big deal when it was announced in October 2021 , it signaled perhaps a change in corporate mentality that meant employees would be allowed the discretion to determine on their own if they need to be in the office or not. Other firms took a similar approach, though their hybrid work policies weren’t as visible as PwC’s big splashy announcement.

accounting firms 57

accounting firms Account accountant accounted 57

Cherry Bekaert

APRIL 6, 2023

With the first quarter of 2023 now in the books, many companies are looking to focus on liquidity management, streamlining operations by minimizing “nice to have” activities and operating cash-flow-generating activities. Although uncertainty in the markets has led to reductions in the workforce, restructurings and discontinued operations across most industries, those that are highly regulated face an additional challenge: executing changes without impacting regulatory compliance or putting the b

Technology 71

Technology audit Legal Sales 71

Insightful Accountant

APRIL 6, 2023

The US-based management software provider has launched a real-time credit card feed integration for business cards issued on the Mastercard network.

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Cherry Bekaert

APRIL 6, 2023

Tax Professional Responsibilities The Internal Revenue Services (IRS) recently issued two general announcements ( IRS Warns of ERC Scams ) warning taxpayers to be wary of third-party consultants taking improper positions related to the Employee Retention Credit (ERC). In an environment where marketing campaigns promoting ERC services are seen and heard in all forms of media, tax professionals may be pressured by their clients to file a credit claim based on the advice of an ERC services promote

Tax 66

Tax tax return income tax payroll 66

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

ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Properly managing the accounts payables process ensures consistent and accurate financial information, while also supporting strong business relationships with vendors and suppliers.

accounts payable 52

accounts payable Account accountant accounted 52

Withum

APRIL 6, 2023

Discover the ins and outs of Power Platform licensing and unleash its potential. It is not uncommon to assume that because you have Microsoft 365/Office 365, PowerApps and Power Automate are free to use and that PowerBI is integrated and available. While this is true in some cases, there are many licensing scenarios to consider to take advantage of numerous advanced features of the platform.

Washington 52

Washington New York 52

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. One represents expenditures; the other represents revenues. Together, they comprise the very basics of business and can be used to gauge financial health. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. If out of balance, immediate attention is needed to regain financial wellbeing.

accounts payable 52

accounts payable Account accountant accounted 52

Withum

APRIL 6, 2023

Azure Analytics and Power BI are both data analytics tools from Microsoft, but they have different purposes and features. Here are the key differences between the two tools and some use cases for each. Azure Analytics Azure Analytics is a suite of analytics tools designed to help businesses collect, store, and analyze large volumes of data from various sources.

Technology 52

Technology 52

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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.

Technology

inDinero Accounting

APRIL 6, 2023

“Cash is king,” as the saying goes, and accounts receivable turnover plays an essential role in keeping the cash flowing. Knowing how to measure and monitor your accounts receivable turnover ratio can help you ensure that you’re getting paid on time and improving your cash flow. In this article, we’ll discuss what the accounts receivables turnover ratio is, how to calculate it, how it’s different from asset turnover ratio, why it’s important for financial modeling, and mo

Account 52

Account accountant accounted Sales 52

ThomsonReuters

APRIL 6, 2023

QUESTION: We heard that SECURE 2.0 permits certain penalty-free distributions relating to personal or family emergency expenses. Can you tell us more about these distributions? ANSWER: SECURE 2.0 (see our Checkpoint article ) adds a new exception to the 10% early distribution tax for distributions made after December 31, 2023, for purposes of meeting participants’ unforeseeable or immediate financial needs relating to necessary personal or family emergency expenses.

Tax 52

Tax Account accountant accounted 52

FraudFiles

APRIL 6, 2023

In this ongoing saga of one Jennifer McKinney, pyramid topper at the MLM Xyngular, and recipient of millions of dollars of commissions… I have a minor update in her bankruptcy case. (May I remind you, this is the THIRD time she’s filed for bankruptcy protection.

Tax 52

Tax Government 52

ThomsonReuters

APRIL 6, 2023

Braidwood Mgmt. Inc. v. Becerra, 2023 WL 2703229 (N.D. Tex. 2023) A federal trial court has vacated all agency actions taken on or after March 23, 2010, to implement or enforce the preventive health services mandate of the Affordable Care Act (ACA) in response to an “A” or “B” recommendation of the United States Preventive Services Task Force (USPSTF).

Tax 52

Tax Account accountant accounted 52

Advertiser: Paycor

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.

Insightful Accountant

APRIL 6, 2023

SmartVault launches a new brand identity and website reflecting its commitment to advancing cloud-based document management.

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52

RitaKeller

APRIL 6, 2023

‘There’s no need to use a big, complex idea when a small, simple one will do.” – Carlos Bueno If you are a member of the CPA Firm Management Association (CPAFMA), I hope you are reading the discussion board daily. It is a great resource for problem-solving. If you are not a member, you need to join! A special thanks to Tammy Goodwin, JD, PAFM, for allowing me to post the response she gave for solving the huge task of preparing annual engagement letters.

cpa firm 45

cpa firm CPA Tax 45

inDinero Accounting

APRIL 6, 2023

“Cash is king,” as the saying goes, and accounts receivable turnover plays an essential role in keeping the cash flowing. Knowing how to measure and monitor your accounts receivable turnover ratio can help you ensure that you’re getting paid on time and improving your cash flow. In this article, we’ll discuss what the accounts receivables turnover ratio is, how to calculate it, how it’s different from asset turnover ratio, why it’s important for financial modeling, and mo

Account 52

Account accountant accounted Sales 52

MineralTree

APRIL 6, 2023

ERP Integration: How ERP Systems & AP Automation Tools Work Together An Overview of ERP Systems Enterprise Resource Planning (ERP) refers to a software that allows companies to manage various parts of their organization. They are commonly used within the finance department, including accounts payable , accounts receivable, and purchasing. The tool’s capabilities also extend into other areas to help companies manage inventory and customers, and enhance communication between departments and te

AP Automation 64

AP Automation Technology NetSuite quickbooks 64

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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.

Finance

ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. To ensure consistent and accurate financial information, a dependable accounts payable process is vital.

accounts payable 52

accounts payable Account accountant accounted 52

Ryan Lazanis

APRIL 6, 2023

A business and CPA coach can be a great asset for accounting firms that want to not only grow their business but also improve their work-life balance. In this blog post, I’ll be exploring the power of a CPA coach as a tool for driving success. We’ll cover the benefits of hiring a coach, the qualities to look for in a coach, and how to choose the right coach for your firm.

accounting firms 52

accounting firms CPA Account accountant 52

ThomsonReuters

APRIL 6, 2023

Accounts payable (AP) is an important signal in understanding the financial health of a business. By optimizing your accounts payable workflow, you can gain insight into cash flow, make better business decisions, and ensure strong relationships with vendors and suppliers. To optimize your accounts payable workflow, automation is key. An automated accounts payable process enables visibility into your company’s financial wellbeing and can unlock insights that help your business grow.

accounts payable 52

accounts payable Account accountant accounted 52

CPA Practice

APRIL 6, 2023

By Kiplinger Consumer News Service (via TNS). The IRS’ $80 billion strategic operating plan has been unveiled. The 150-page report, released Thursday afternoon, outlines steps the agency wants to take over the next 10 years to better serve taxpayers. The IRS report, containing 42 key initiatives and 190 projects, also describes the agency’s plans to reduce noncompliance among taxpayers.

audit 111

audit Tax tax return Healthcare 111

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"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