Mark Lee
MARCH 21, 2023
I wonder if you make an all too common mistake. We all hope that clients will want us to provide a range of services to them. And we hope that clients will recommend and refer us to other prospective clients too… But, as I frequently point out, ‘hope’ is not a strategy. What do you do to ensure that your clients are aware of all the services you offer?
Airbase
MARCH 2, 2023
We all know the story: women and minorities are underrepresented in top finance and accounting roles, and even though their representation has grown, a yawning gap persists within senior positions and salaries. Today, only 15% of Fortune 500 company CFOs are women, and women earn between 12% and 45% less than their male counterparts in many accounting and finance roles.
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Going Concern
MARCH 15, 2023
While the general investing public is asking “where were the auditors?” in regards to the recent collapse of Silicon Valley Bank and Signature Bank, the banks’ auditors are insisting that, having exercised requisite due professional care, their unqualified opinions were based on the information available to them at the time and as such, the firm stands behind them.
Canopy Accounting
MARCH 3, 2023
We know accounting can be a tough field full of numbers and serious work. And sometimes, that work can be taxing (pun intended.) But seriously, we all experience problems with clients, coworkers and bosses. Once in awhile, it's a good idea to poke fun at your job and have a laugh. With that in mind, take a look at these 20 hilarious accounting memes and see which ones you relate to the most.
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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
Snyder
MARCH 2, 2023
As a business owner, understanding the differences between new and returning customers is paramount to driving growth and success. While new customers represent opportunities for growth and expansion, returning customers are the backbone of your business, providing steady revenue streams and brand loyalty. To effectively market to both types of customers, you need to understand their differences and how to use financial data to influence your marketing strategy.
Accounting Insight
MARCH 10, 2023
A lot has been written about OpenAI’s unveiling of ChatGPT. It’s garnered a very excited response. To summarise, it’s a chatbot. By responding to prompts, it can answer questions, create stories, and it remembers its previous responses. Its core function is to mimic a human conversation. What separates it from other chatbots is the absurd amount of data behind it – 300 billion words’ worth.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
MARCH 1, 2023
Sales tax compliance is riddled with risk. Failure to comply with the applicable sales tax rules can have a devastating effect on a business, but they’re often overlooked because they’re considered “pass-through” as the business is responsible for collecting the applicable taxes which pass through the business and are subsequently turned over or paid to the states.
Canopy Accounting
MARCH 8, 2023
Women make up nearly 60% of the accounting service industry according to 2022 data. In honor of International Women's Day, we rounded up a list of the Top 10 Innovative Women in Accounting and Tax. From the future of accounting to tax policy, these women are experts across the industry. Check it out!
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.
SMBAccountant
MARCH 24, 2023
When a new vendor or subcontractor provides a service to your business for the first time, it is important to request a W-9 from them as soon as possible. By doing so, you will be able to confirm the vendors mailing information and EIN (Employer Identification Number) which is needed for 1099-NEC tax filings. Tax form 1099-NEC is the IRS form used by businesses to report payments made to independent contractors, subcontractors, freelancers, sole proprietors and self-employed individuals for serv
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
BurklandAssociates
MARCH 27, 2023
Understanding how new capital will dilute existing shareholders before a round happens is a core responsibility of any startup CEO. The post What Founders Need to Know About Dilution appeared first on Burkland.
RogerRossmeisl
MARCH 30, 2023
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax code. This includes amounts received in a lawsuit or a settlement and in a lump sum or in installments.
TaxConnex
MARCH 30, 2023
Everything old is new again – and that goes for ideas of a national sales tax. H.R.25 of the 118th Congress, the GOP’s “Fair Tax Act of 2023,” is the latest attempt. The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s in the bill? What’s at stake for the revenue of states that already have their own sales tax?
CPA Practice
MARCH 29, 2023
The Internal Revenue Service warns that trusting tax advice found on social media can lure otherwise honest taxpayers and tax professionals into compromising tax situations. Social media can circulate inaccurate or misleading tax information, and the IRS has recently seen several examples. These can involve common tax documents like Form W-2 or more obscure ones, like Form 8944 that’s aimed at a very limited, specialized group.
Speaker: Gerald Ratigan
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
Airbase
MARCH 31, 2023
Airbase is the highest-ranked mid-market spend management platform on G2 for the fourth quarter in a row! We hold the coveted top position on the Mid-Market Grid ® Report for Spend Management, Spring 2023. G2 classifies mid-market companies as those with 51 to 1,000 employees. And we hold the number two position overall for spend management, right behind Navan, who sits in the #1 spot for the Enterprise Grid.
Patriot Software
MARCH 12, 2023
To Whom It May Concern, I am Mike Kappel, CEO of Patriot Software in Canton, OH. I am calling on our government and lawmakers to step in and put their full weight behind SVB immediately in order to make tens of thousands of hardworking American businesses and their families whole again.
BurklandAssociates
MARCH 21, 2023
The funding market was challenging during the back half of 2022 and expectations are that trend will continue in 2023. With cash running short and funding abundance running dry, there Read More The post Selling Your Startup: Internal Preparations appeared first on Burkland.
RogerRossmeisl
MARCH 24, 2023
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for tax purposes. Depreciation rules Business cars are subject to more restrictive tax depreciation rules than those that apply to other depreciable assets.
Speaker: Sean Yoder
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
TaxConnex
MARCH 9, 2023
At least three states opened this year with proposals to revamp taxes concerning digital advertising and data. Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The bills include: HD 1507 , to establish a commission to study generating revenue from digital advertising that is displayed inside of Massachusetts by companies that generate over $100 mil
CPA Practice
MARCH 7, 2023
By Gail Cole. The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. The next update goes into effect January 1, 2024 , and places new emphasis on the role of emerging technology in delivering accounting services.
Airbase
MARCH 30, 2023
Michael Scarpelli’s career path has been as unique as the snowflakes his company is named for. From a stint in Italy, to uncovering extensive fraud, and taking three prominent companies public — including the biggest SaaS IPO in history — his wide range of experiences made for a fascinating Path to Becoming a CFO session. Launching a career. The possibility of travel was initially what drew Michael to finance.
Withum
MARCH 15, 2023
The IRS issued a press release with a renewed warning to taxpayers regarding claims for the Employee Retention Credit (ERC) on March 7, 2023. This marks the third time in six months the IRS has issued a written warning to taxpayers – the first two were issued in October and November of 2022, and we wrote about the October notice here. If your business plans to claim or already has claimed the ERC, it is imperative that you substantiate your claim because the IRS is signaling significant enforcem
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
BurklandAssociates
MARCH 21, 2023
In the first installment of our Mergers & Acquisitions (M&A) Considerations series, we discussed internal preparations directly within a company’s control that can contribute to an efficient and effective M&A Read More The post Selling Your Startup: External Preparations appeared first on Burkland.
MyIRSRelief
MARCH 15, 2023
As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action. If you are struggling with back taxes, it is essential to seek professional help to avoid further financial hardship.
TaxConnex
MARCH 28, 2023
We recently completed our third annual client survey and are excited to announce that we have received a world class NPS score of 91! This is the third year that our NPS score has been labeled as world class, but this was our highest score yet, almost 10 points over previous years. Net Promoter Score ® (NPS ®) is calculated based on responses to a single question, “How likely is it that you would recommend our company/product/service to a friend or colleague?
CPA Practice
MARCH 9, 2023
By Samantha Gowen, The Orange County Register (via TNS). Storms, wildfires and flooding damage have pushed back the tax filing deadlines for most Californians. The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments. The Franchise Tax Board said taxpayers who suffered financial losses to storm damage also could be eligible to claim those losses on their tax returns.
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
SMBAccountant
MARCH 8, 2023
One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.
Withum
MARCH 30, 2023
As of March 29, 2023, the IRS has published five documents expressing that the employee retention credit (ERC) is rife with fraud because of unscrupulous tax credit shops. See October 19, 2022 (press release); November 7, 2022 (COVID Tax Tip); March 7, 2023 (press release); March 7, 2023 (OPR Memo); March 20, 2023 (IRS adds promoter claims involving the ERC to its Dirty Dozen list of tax scams).
BurklandAssociates
MARCH 14, 2023
Protect your startup from the impacts of the next SVB-like crisis by taking these steps. The post Top SVB Lessons For Startups appeared first on Burkland.
MyIRSRelief
MARCH 1, 2023
Fresh start – tax forgiveness program – as advertised on radio, TV, internet Taxation can be a complicated and stressful matter, particularly when it comes to tax levies and liens. If you are facing a tax issue, it is important to understand your rights and how to navigate the complex tax system. In this comprehensive FAQ, we will explore the ins and outs of tax levies and liens, and how Mike Habib, EA a tax relief professional can help you resolve your tax issues.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
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