Sat.Sep 24, 2022 - Fri.Sep 30, 2022

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3 Tactics to Kickstart Your Marketing

Ryan Lazanis

It’s no secret that marketing is essential for any business, but what if your accounting firm is struggling to get started? Don’t worry, we’ve got you covered. Here are three tactics to help jumpstart your marketing efforts. Listen Below. 0:49 – Really good marketing takes time and you need to carve out a bit of time during the week for sales and marketing. 1:07 – I will be laying out a few tactics you can start employing today to help you kickstart your marketing e

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The forecast calls for increased revenue

Accounting Today

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The Dangers of DIY Accounting for your Small Business

Basis 365

Because you are talented and confident enough, you can take on challenges others won't accept or are incapable of conquering. Ironically, what got you to this point as a small business owner is also what gets you in trouble and hinders your business' growth. We can't scale up and build an empire by ourselves. It is impossible to grow without delegating tasks and finding skilled people to help us.

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Future-Proofing Your Practice

Intuitive Accountant

Initially launched in beta last year with Gusto as the first integration partner, Ignition Smart Billing is helping accounting firms unlock new advisory services and revenue streams

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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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10 ways to get paid for doing unbudgeted work

Mark Lee

Lots of accountants I work with used to struggle to charge what they feel they’re worth for the work they do. Sadly I can’t just wave a magic wand to change things. Mostly what’s required is an increase in confidence and improved communication. Easy to say, but not so easy to put into practice. One accountant I mentored told me that he was quite happy with his basic fee quotes.

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Gaining Customer Awareness for Your New Business

SMBAccountant

As a new business owner one of your first priorities is to get the word out about your company. Grassroots marketing can be a low-cost but effective way to gain a large amount of exposure to locally owned businesses or other specific audiences. Grassroots marketing involves narrowing the type of customer and making your business known to those customers you’re hoping to attain.

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Risks of misunderstanding the impact of economic nexus

TaxConnex

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. Nexus can also be physical, created by inventory, employees or reps in a state or jurisdiction. Nexus can also be dangerous.

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IRS Announces the “Dirty Dozen” Tax Scams for 2022

RogerRossmeisl

The IRS has compiled the annual Dirty Dozen list for more than 20 years as a way of alerting taxpayers and the tax professional community about scams and schemes. The list is not a legal document or a literal listing of agency enforcement priorities. It is designed to raise awareness among a variety of audiences that may not always be aware of developments involving tax administration. #1-4 – POTENTIALLY ABUSIVE ARRANGEMENTS (Source: IR-2022-113, June 1, 2022) The potentially abusive arran

Tax 210
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Is Software as a Service Taxable? 

Anders CPA

Is Software as a Service (SaaS) taxable? The short answer to this common question: Maybe. Each state treats taxation of SaaS slightly differently, although many states do consider it taxable. Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. SaaS really encompasses three types of services: SaaS; Infrastructure as a Service (IAAS) and Platform as a Service (PAAS).

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Council Post: Three Ways Today’s Accounting Professionals Can Increase Their Value

Accountant Advocate Submitted Articles

As the profession undergoes digital transformation, traditional roles and activities of accountants must change and transform, as well.

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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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Amazon Warehouse Does Not Create Physical Nexus in PA

TaxConnex

In a decision that may eventually have sales tax repercussions elsewhere, a state court has decreed that an Amazon warehouse creates no physical nexus for a group of online sellers. The Commonwealth Court of Pennsylvania sided with the Online Merchants Guild when the latter contested charges by the state Department of Revenue (DOR) for taxes owed. The Guild is a group of online businesses who participate in Amazon’s Fulfillment by Amazon (FBA) Program, who generally had limited choice where thei

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Protect Your Public Company with an Insider Trading Policy

RogerRossmeisl

Successful stock trading requires access to information — preferably publicly available information. However, some investors attempt to get a jump on the market by using insider knowledge to make buying, selling and holding decisions. Federal and state laws prohibit trading by anyone with material nonpublic information about a stock’s underlying company.

CPA 206
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How People Operations Can Help Startups Succeed in a Down Economy

BurklandAssociates

People Operations can help your startup weather the tough times and emerge with a solid competitive edge when the economy begins to improve. The post How People Operations Can Help Startups Succeed in a Down Economy appeared first on Burkland.

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What Contractors Should Know About Accounting

Accountant Advocate Submitted Articles

Government contractors are required to follow certain accounting guidelines to maintain their standing.

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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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FBI Notification: Cyber Criminals Targeting Healthcare Payments

Withum

On September 14, 2022, the FBI issued the attached notification regarding hackers that are actively targeting healthcare payment processors to reroute funds to attacker-controlled accounts. The FBI noted that thus far in 2022, hackers have already stolen more than $4.6 million USD from healthcare organizations by accessing customer accounts and altering payment details causing critical operational, reputational, regulatory, and legal impacts.

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Valuing Goodwill in Divorce: Recent Cases Provide Insight

RogerRossmeisl

Goodwill is one of the most confusing aspects of valuing a business interest for divorce cases. In many states, goodwill needs to be valued and then divided into two pieces: business and personal goodwill. Unfortunately, significant differences in methods and theories exist on this complex issue, as recent case law demonstrates. Key definitions According to the International Valuation Glossary — Business Valuation, “Goodwill can arise as a result of name, reputation, customer loyalty, location,

CPA 201
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Changes to multi-factor authentication are coming for Australian customers

Xero

Over the last few years, our lives – and businesses across the world – have moved online at a rapid pace. Unfortunately, cybercriminals have followed and are using new, digital methods to target Australians. At Xero, we are custodians of your data and do all we can to protect the information held in your account. One of the ways we do this is through multi-factor authentication (MFA), a process designed to secure how you log in to Xero and verify it’s really you.

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What Small Business Owners Want From Accountants - ForwardAI

Accountant Advocate Submitted Articles

This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey.

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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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Boeing Starts Layoffs in Finance and Accounting, Will Outsource the Work to India

Going Concern

The post Boeing Starts Layoffs in Finance and Accounting, Will Outsource the Work to India appeared first on Going Concern.

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Year-End Tax Planning Ideas for your Small Business

RogerRossmeisl

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the best results for most businesses, as will bunching deductible expenses into this year or next to maximize their tax value.

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Accounting Insiders Rewind: Controllership Solutions' Stephen Smith

Intuitive Accountant

The owner and CEO of Controllership Solutions dishes on trusted advisor status, client relationships and what it takes to be successful. Check out his spot on Insightful Accountant's YouTube channel.

Account 100
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10 Cash Flow Questions Every Business Should Ask - ForwardAI

Accountant Advocate Submitted Articles

Ideally, as a small business owner, you’ll know a lot about your company’s financials.

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Recruit and Retain New Blue-Collar Talent

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.

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What Is a Furlough?

Patriot Software

When it comes to business, things don’t always go according to plan. At some point, you may find your company struggling to stay afloat financially. And if that time comes, you may need to furlough some workers to avoid drowning. So, what is furlough? Keep reading to learn the definition of furlough, examples, and how […] READ MORE.

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Don’t Let Fraud Break the Bonds of Your Family Business

RogerRossmeisl

According to Family Enterprise USA, 87% of U.S. companies are family businesses, which are responsible for 54% of gross domestic product or $7.7 trillion. Although family businesses are an economic pillar of strength, several studies have found that they’re more vulnerable to occupational fraud than other companies. Here’s what you need to know if you run a family business.

CPA 130
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Accounting Insiders Rewind: Ignition's Jennie Moore

Intuitive Accountant

The Partnerships Manager at Ignition discusses, among other topics, how the platform turns creating a stellar proposal a breeze. Check out her interview on Insightful Accountant's YouTube channel.

Account 98
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IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

ThomsonReuters

IRS Notice 2022-44 (Sept. 26, 2022). Available at [link]. The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employers using these rates to set per diem allowances can treat certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

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Procore + Xero: Building a new platform partnership to help digitalize construction

Xero

As we scale our small business platform, we are always looking at ways we can work with like-minded partners to deliver best-in-class cloud tools to our customers. This is all part of the work we are doing to build out the Xero platform, catering to the industry specific needs of our customers. Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. .

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Can Homeowners Deduct Seller-Paid Points?

RogerRossmeisl

In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were up nationwide, compared with last year. “The ongoing sales decline reflects the impact of the mortgage rate peak of 6% in early June,” said NAR Chief Economist Lawrence Yun. However, he added that “home sales may soon stabilize since mortgage rates have fallen to near 5%, thereby giving an additional boost of purchasing power to home buyers.

CPA 130
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Accounting Insiders: Ignition's Jennie Moore

Intuitive Accountant

The Partnerships Manager at Ignition discusses, among other topics, how the platform turns creating a stellar proposal a breeze. Check out her interview on Insightful Accountant's YouTube channel.

Account 98
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The Talent Shortage Has Gotten So Bad Clients Are Now Doing Their Own Audit Documentation

Going Concern

The Securities and Exchange Commission has charged Deloitte China with failing to comply with fundamental U.S. auditing requirements because in numerous audits over numerous years Deloitte China asked clients to select their own samples for testing and to prepare their own audit documentation. From the SEC press release : The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global ne

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.