Sat.Sep 17, 2022 - Fri.Sep 23, 2022

7 cost benefits of cloud accounting software

Accounting Insight

Is your accounting software having a laugh at your expense? Prudence is more than a mantra. It’s the deep devotion that underpins the entire finance function. And yet thousands of organisations are using accounting software that undermines this fundamental credo.

Should Payroll be outsourced?

Menzies

Menzies LLP - A leading chartered accountancy firm. As an employer you will have many responsibilities and the question of whether you should outsource your payroll may have crossed your mind. At first glance it seems that payroll is a simple task that you can handle without help.

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Need To Increase Cash Flow? Try These Tactics.

AccountingDepartment

Getting paid quickly by your customers is what helps enable more cash flow for your business. But getting customers to make payments quickly has become a challenge for many. Delaying payments has become a growing trend that started well before the COVID pandemic.

Art of Accounting: Speed, availability and continuity when acquiring a practice

Accounting Today

Practice management Ed Mendlowitz M&A Client relations Client retention

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

How a Valuation Pro Can Help with Business Interruption Claims

RogerRossmeisl

Summer can bring extreme weather, including floods, droughts, wildfires, tornadoes and hurricanes. These natural disasters and other crises can interrupt normal business operations, causing significant financial losses.

An Essential Guide to Receiving Payments: Top Best Payment Gateways for Your Business

Snyder

From e-commerce stores to SaaS startups, businesses need to receive payments from customers , and payment gateways are one of the most common ways to do this. There are many options for collecting money online – credit cards, Buy Now Pay Later cards, or PayPal, just to name a few.

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Sales Tax Accounting Basics [+ Journal Entry for Sales Tax Examples] 

Patriot Software

When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.

Companies at Greater Risk of Financial Fraud

FraudFiles

What kinds of companies are more prone to fraud? In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in progress, and the kind that puts a company at greater risk of fraud.

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Financial Forecasting Explained: A Simple Guide to Financial Forecast For Businesses

Snyder

For many people, forecasting sounds like something connected with weather prediction or fortune telling. Surprisingly, financial forecasting isn’t that far off.

How not to tank your sales tax audit (part 2)

TaxConnex

The sales tax audit can be one of the scariest – and costliest -- things an online business ever goes through. If you do get hit with an audit, it’s critical to handle the process correctly. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here).

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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!

Is Your Income Tax Withholding Adequate?

RogerRossmeisl

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund.

Your Accounting Inbox Needs a Workflow Overhaul: Productivity and Coverage

Lockstep

When scaling your business, email no longer becomes the “best” or “easiest” tool to use. This is why sales departments use Salesforce to manage account status, notes and communications.

IRS says improperly forgiven PPP loans are taxable

Accounting Today

IRS Tax fraud Tax Paycheck Protection Program Charles Rettig

What was new in August for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Virtual reality. Sales tax on digital products was the subject of a white paper draft at the Multistate Tax Commission’s annual meetings in Anchorage, Alaska.

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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.

Is Your Business Required to Report Employee Health Coverage?

RogerRossmeisl

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done?

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How Does FP&A Help Startups Scale?

BurklandAssociates

FP&A helps startups scale by leveraging the company’s data for decision making, including data that may be hidden beneath the surface. The post How Does FP&A Help Startups Scale? appeared first on Burkland. Accounting Financial Modeling Marketing Operations

Colorado now accepts crypto for taxes

Accounting Today

Technology Tax Cryptocurrencies

How to Deduct Business Travel Expenses (Even Some Vacation)

xendoo

For the most part, business travel expenses are tax deductible, meaning that you could lower the amount of taxes you need to pay. . When it comes to tax-write offs for travel, the IRS provides specific guidelines around what you can claim.

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!

Inflation Reduction Act Provisions of Interest to Small Businesses

RogerRossmeisl

The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. There has been a lot of media coverage about the law’s impact on large corporations.

Friday Footnotes: Accounting Salaries on the Rise; PwC Sets a Record; Succession Suggestions? | 9.23.22

Going Concern

The post Friday Footnotes: Accounting Salaries on the Rise; PwC Sets a Record; Succession Suggestions? appeared first on Going Concern. News Footnotes

A $2 trillion fraud with employee retention credits puts financial advisors on edge

Accounting Today

Tax planning Tax credits Fraud Tax Small business RIAs

Shipping Done Right: FOB Shipping Point vs FOB Destination

Snyder

According to the International Chamber of Commerce ( ICC ): FOB means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered.

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!

Inflation Reduction Act Provisions of Interest to Individuals

RogerRossmeisl

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals.

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Kwasi Kwarteng's mini budget - the plan for growth!

Wellers Accounting

Beth Whitmore FCCA , summarises new Chancellor, Kwasi Kwarteng's sweeping tax cuts in the 'mini budget'. Corporate Tax Personal Tax Beth Whitmore mini budget plan for growth Kwasi Kwarteng

IRS updates WOTC guidance

Accounting Today

Tax credits IRS Tax Tax regulations

Ending Customer Relationships for Growth in Your Skagit County Business

SkagitCountyTaxServices

With the way that the economy is going, inflation, the market gyrations, etc … ANY business seems like good business. Until it isn’t. Consider … Have you ever been in a Skagit County store when a customer starts yelling at the employee behind the counter for something tiny?

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Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

Estimated Tax Payments: Who Owed Them and When is the Next One Due?

RogerRossmeisl

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income.

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The countdown is on for Accountex Summit Manchester

Accounting Insight

In less than a month, Accountex Summit Manchester will be opening its doors at Manchester Central for the fourth year. The show on the 12 October is set to be the biggest yet, welcoming 1500+ attendees. .

Treasury recommends preparing for U.S. digital currency

Accounting Today

Federal Reserve Digital currencies Blockchain Technology

EY Basks in the Glory of Third-Place Revenue (Maybe for the Last Time) in 2022

Going Concern

The post EY Basks in the Glory of Third-Place Revenue (Maybe for the Last Time) in 2022 appeared first on Going Concern. E&Y News EY Project Everest Revenue

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The First 90 Days: Onboarding Checklist

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