IgniteSpot
MARCH 16, 2023
What is an accounting report? Your business has to keep a lot of balls in the air at all times, and reporting is one way to assess how well you juggle. To measure your financial performance, you’ll rely on a variety of accounting reports , which are quantitative financial documents that allow you to track your business’s financial history and make projections.
TaxConnex
MARCH 16, 2023
Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. However, there are numerous pitfalls to be aware of. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor.
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CPA Practice
MARCH 16, 2023
The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index, which measures national employment growth for businesses with fewer than 50 workers, continued to increase to 99.66 while the rate of hourly wage growth declined to 4.49 percent year-over-year in February.
Going Concern
MARCH 16, 2023
Accounting Today has published “ The 20 biggest problems for firms in 2023 ” and no one will be surprised to find out that the war for talent ranks #1 among the firms AT surveyed. Talent actually has its tentacles in a number of problems on AT’s list and spills over into several items–capacity issues, burnout, retention. Hell, half the list is related to talent.
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CPA Practice
MARCH 16, 2023
By AJ Hess, Fast Company (TNS) Artificial intelligence may be making human resource departments less human. “AI has the potential to automate some tasks in human resource (HR) departments, but it is unlikely to completely take over HR departments in the foreseeable future,” reads one ChatGPT response on the subject. “AI can assist with tasks such as resume screening, candidate matching, and even initial interviews, which can free up HR professionals to focus on higher-level tasks such as employe
ThomsonReuters
MARCH 16, 2023
Rev. Proc. 2023-17 (Mar. 9, 2023) Available at [link] The IRS has announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act. As background, applicable large employers (ALEs) may be liable for an employer shared responsibility penalty under Code § 4980H(a) if they fail to offer minimum essential coverage to a sufficient number of full-time employees.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
MARCH 16, 2023
Dear Patriot Software Customers, As I mentioned in my March 14th timeline update to you, your payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape, and our Customer Support staff is here to help you.
CPA Practice
MARCH 16, 2023
Home prices nationally should bottom out in 2023 then return to a more normal growth rate, according to a Zillow® survey of housing experts. Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales that tracked pre-pandemic trends, but higher rates in February have since dampened buyer
Cherry Bekaert
MARCH 16, 2023
In July 2021, the Internal Revenue Service (IRS) formally introduced Schedules K-2 and K-3. These forms bring uniformity and consistency to reporting items of international tax relevance to partners and S corporation shareholders on the foreign activity of a partnership or S corporation. Unfortunately, Schedule K-3 can add up to 20 additional pages to a partner’s or shareholder’s Schedule K-1.
Basis 365
MARCH 16, 2023
eCommerce accounting is managing the financial transactions and records of an online business. Accurate accounting is essential for any business but vital for eCommerce businesses. Good accounting practices help you stay on top of your cash flow, manage your expenses, and make informed decisions about your business's future. eCommerce businesses must be capable of scaling fast, and your accounting systems need to easily handle increased volume in an automated way.
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.
ThomsonReuters
MARCH 16, 2023
QUESTION: Our company sponsors a high-deductible health plan (HDHP) in conjunction with employee HSAs. Can the medical expenses of our employees’ adult children who otherwise qualify for tax-free coverage under the HDHP be reimbursed tax-free from the employees’ HSAs? ANSWER: Not necessarily—it depends on whether the adult children qualify as tax dependents under the HSA rules.
Xero
MARCH 16, 2023
Small businesses in the UK have shown tremendous resilience over the last few years. We know it can be hard to run a small business, even without all the global and economic uncertainties. That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.
AccountingDepartment
MARCH 16, 2023
If you're using NetSuite, or if you're considering it but not sure if it's right for you, one of the biggest value points to consider is the ability to use built-in financial dashboards. Many NetSuite customers cite dashboards as one of the software's most important features and the feature that makes it easier to run their business and get more done.
Withum
MARCH 16, 2023
The technology sector experienced a sharp upswing in M&A activity in 2021 and through the first half of 2022 with approximately 8,200 deals and $1,075 billion in volume, which represented 20% of the total M&A market in 2021 [1]. Activity cooled in the last half of 2022, with deal volume in the technology sector down 22% and total deal value down 36% in 2022 compared to 2021 [2].
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
ThomsonReuters
MARCH 16, 2023
There are two forces within an audit team: senior staff and junior staff. For audit team leaders, both are extremely important and bring to the table unique sets of experiences and skillsets that are needed for a modern audit. The key is bringing together their strengths to help firms stay ahead of the curve. The reality is that the face of audit is changing , and today’s auditors are expected to be well-versed in a variety of disciplines.
Withum
MARCH 16, 2023
Have you ever wished you had a personal assistant who could help with your writing tasks like drafting an email, creating a presentation or summarizing a document? If so, you’re not alone. While writing is one of the most common activities in any workplace, it can also be time-consuming, challenging and frustrating. That’s why I’m super excited to tell you about Microsoft Copilot, a new feature that leverages artificial intelligence (AI) to make writing easier, faster and more
ThomsonReuters
MARCH 16, 2023
Annual Report to Congress on HIPAA Privacy, Security, and Breach Notification Rule Compliance for Calendar Year 2021; Annual Report to Congress on Breaches of Unsecured Protected Health Information for Calendar Year 2021 Compliance Report Breach Notification Report News Release HHS’s Office for Civil Rights (OCR) has posted its 2021 reports to Congress on HIPAA privacy, security, and breach notification rule compliance and the HIPAA breach notification program.
Insightful Accountant
MARCH 16, 2023
The book marks another milestone for the founder and CEO of multi-award-winning Edge Marketing.
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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.
CPA Practice
MARCH 16, 2023
Celebrating five years! In 2018 Avalara launched our Accounting Top 100 Social Media Leaderboard. Our goal was to create a community of accounting professionals on Twitter to enable networking though engaging conversations and friendly competition. We are pleased to see that this leaderboard has grown to 829 members and continues to be a community of support and friendship, while increasing awareness of the accounting profession.
Insightful Accountant
MARCH 16, 2023
QuickBooks Online Accountant users can access Apps from their clients' view.
Shay CPA
MARCH 16, 2023
Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. With everything that’s been in the news recently, we’ll bet you can guess the topic they discussed: the Silicon Valley Bank (SVB) collapse.
CPA Practice
MARCH 16, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA evaluate Valid8 , an evidence-first data platform designed for professionals that includes automated quality control checks and verification procedures to prove that any extracted transaction data can be relied on. Use the podcast player below to listen to the podcast.
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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.
LSLCPAs
MARCH 16, 2023
Because local governments rely on grants for funding projects not covered by tax revenue, knowing how to land a grant will help you serve your community in the best possible way. You might be seeking funding for the operation and support of various community programs, the construction of infrastructure projects, or the acquisition of certain. The post Effective Grant Management for Local Governments appeared first on LSL CPAs.
ThomsonReuters
MARCH 16, 2023
Yates v. Symetra Life Ins. Co., 2023 WL 2174840 (8th Cir. 2023) Available at [link] After her spouse’s death due to a heroin overdose, a participant brought benefit claims under her employer’s ERISA life insurance and accidental death and disability (AD&D) policies (which covered the spouse). The insurer paid the life insurance benefit but denied the AD&D claim, asserting that the policy’s “intentionally self-inflicted injury” exclusion applied.
Dent Moses
MARCH 16, 2023
A donor-advised fund is a charitable investment account solely for supporting charitable organizations you support. When you contribute appreciated securities or cash to the account, you get an immediate tax deduction. The funds in the account grow tax tax-free. You can recommend grants to any IRS-qualified charity. One of the biggest benefits of using a donor-advised fund is simplified recordkeeping.
Withum
MARCH 16, 2023
The trend and reality of the aging workforce have been with us for quite some time. The pandemic certainly did not help and likely worsened the problem. While companies typically plan ahead, some can find themselves in a difficult spot, with last-minute planning to solve for the void once a team member retires. In private family companies, the expectation is that the next generation in the business will take over.
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MineralTree
MARCH 16, 2023
Despite the fact that organizations around the globe are gearing up for digital transformation , many AP teams still heavily depend upon costly and antiquated systems such as paper invoices and checks. There are several tools that teams can use to move away from these manual and expensive processes. For example, many businesses incorporate AP automation , e-invoicing, and other digital tools to quickly gain an edge over their competitors.
CPA Practice
MARCH 16, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies, want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule which currently applies for 2023, affects millions of people who sell on sites like Airbnb, and Poshmark, and get paid through third-party networks like PayPal, Square and CashApp.
Going Concern
MARCH 16, 2023
Not a good look, you guys. Article today (March 16) in The Wall Street Journal Then there’s this — unconfirmed and now removed — post on Fishbowl a couple days ago: via Fishbowl “This will be resolved within weeks, not months, because we not only need momentum across the deal but we need clarity for all our stakeholders,” said Patrick Winter, EY’s Asia-Pacific managing partner a few days ago ( AFR ).
CPA Practice
MARCH 16, 2023
With the individual tax filing deadline approaching, high-net-worth (HNW) individuals and their advisors should be aware of the latest federal tax changes for 2023 that may impact their financial and retirement planning, especially as pandemic-related tax breaks begin to expire. By staying informed on policy and tax changes such as the Secure Act 2.0, estate-tax changes and shifts in charitable deductions, HNW individuals can take proactive steps to ensure that their financial plans are aligned
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