June, 2022

13 Accounting Influencers You Might Not Be Following | Canopy

Canopy Accounting

These days, social media is a necessity in today's business world. It's a place to make connections, network and keep a pulse on your industry.

Three Google Sheets Formulas for Accountants

Lockstep

While most accounting teams use Excel for their spreadsheet needs, a growing number of teams and organizations are moving to Google Sheets. At time where remote teams are ubiquitous, collaboration and cost ( Google Sheets is a free tool), are driving greater adoption of Google applications.

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Are travel services taxable?

TaxConnex

Summer vacation season is here – and it’s yet another area where sales tax shows up. The sales tax associated with s ervices is a different sales tax animal as compared to tangible personal property. The taxing of certain travel related services, such as lodging, can be taxable in some states.

IRS Releases Updated Cost Segregation Audit Techniques Guide

RogerRossmeisl

On 6/1/22, the IRS made available an update to the “Cost Segregation Audit Techniques Guide” (Publication 5653). Originally issued in 2004, the purpose of the Audit Techniques Guide (ATG) was to offer guidance to IRS auditors auditing cost segregation studies.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research

Acterys

We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6

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EY pays $100M SEC fine over CPA ethics exam cheaters

Accounting Today

SEC enforcement EY CPA Exam Audit standards Audit

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More Trending

Email is Not an Accounting Tool

Ambre Pierce

Email is not meant to solve your accounting workflow management challenges

Blog: The 'XYZ Letter' and your sales tax compliance

TaxConnex

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates.

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Inflation Enhances the 2023 Amounts for Health Savings Accounts

RogerRossmeisl

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years.

A Smarter Data-Driven Approach to ESG Implementation & Reporting

Acterys

Globally, many organizations have started paying more attention to tracking their Environmental, Social, and Governance (ESG) impact due to its increasing importance among customers, investors, and other stakeholders. This rising interest in ESG is supported by statistics as well.

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

The Average Cost of Living by State, and Why Ignoring it Could Sink Your Business

Patriot Software

You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business?

IRS adds options for electronically amending 1040s

Accounting Today

E-filing Tax returns IRS Tax

Creating a Credit Plan

Lockstep

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). .

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Blog: Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

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How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

Preparing for the Lower 1099-K Filing Threshold

RogerRossmeisl

Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported.

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The 3 C’s of Downturn Planning: Cash, Communication, Contingency

BurklandAssociates

This conversation is from an episode of Startup Success. In this special episode, Burkland’s Steve Lord, CFO Fintech Practice Lead, and Daniel Rosenbaum, Burkland Consulting CFO, give candid advice on Read More.

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KPMG’s New Metaverse Space is Like the First-Person Shooters You Played in 1999 But Worse

Going Concern

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things.

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Crowdfunding complexities may produce tax surprises

Accounting Today

Tax planning Tax Tax regulations

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Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!

Getting Started with Lockstep Inbox – Free Forever

Lockstep

Lockstep Inbox creates an online workspace so there’s one place for your accounting team to work together, manage shared activities, and directly connect with customers and vendors.

Four years since Wayfair: A trend takes hold

TaxConnex

What a 48 months it’s been. The Supreme Court Wayfair decision four years ago gave tax jurisdictions the sudden power to require countless companies to collect and remit sales tax. Those governments jumped the on chance for such big revenue – and continue to do so.

The Ins and Outs of Series EE Savings Bond Taxation

RogerRossmeisl

Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on occasional trips to a file cabinet or safe deposit box. One of the main reasons for buying U.S.

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Four Things Startup Founders Should Do Now to Prepare for a Downturn

BurklandAssociates

As noted in my May email, we recommend taking action from the downturn playbook now. In today’s article, I’ll share four things startup founders should do to prepare for a Read More. The post Four Things Startup Founders Should Do Now to Prepare for a Downturn appeared first on Burkland.

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

Compensation Watch ’22: Deloitte Lifts the Lid on Raises

Going Concern

Big 4 compensation season kicked off a little more than a week ago when Deloitte employees got their comp statements and then proceeded to head over to r/accounting to whip it out and show it off for all to see.

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The keys to driving through change: It’s inevitable

Accounting Today

Practice management Change management Outsourcing Technology

Seven Ways Engineering Leaders Can Avoid Team Burnout

Lockstep

According to the Anatomy of Work Index , 71% of knowledge workers experienced burnout at least once in 2020. Most of us have at some point in our lives experienced burnout and that definitely zaps the energy out of our career, friendships, and family interactions.

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Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

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The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

3 Approaches to Valuing a Business

RogerRossmeisl

Valuing a private business is a complex endeavor. But, when all is said and done, valuation analyses boil down to three general approaches. Market approach Under this approach, valuators derive pricing multiples from public or private comparable transactions.

3 Tools to Extend Your Startup’s Cash Runway

BurklandAssociates

We first published this article as part of a three-part series to help startups in the early weeks of the Covid downturn. In light of current world events and economic Read More. The post 3 Tools to Extend Your Startup’s Cash Runway appeared first on Burkland.

The Audit Profession’s Inability to Retain Talent Poses a Serious Threat to Audit Quality

Going Concern

Just about every e mployer in corporate America is singing the blues about talent shortages caused by the Great Reset and the Great Resignation. However, these effects are not being felt uniformly across all businesses.

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Crypto crater prompts new tax headaches

Accounting Today

EY Crowe Tax KPMG Cryptocurrencies

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The #1 Cloud ERP Software to Manage Your Small to Mid-size Business.

From startup to enterprise NetSuite offers an ERP solution to help businesses scale and grow. With visibility and control when adaptability has never been more important, you’ll be able to streamline the right process and make smarter decisions, faster.