Sat.Aug 20, 2022 - Fri.Aug 26, 2022

Are You Charging Enough? Why You Should Raise Your Prices

Randal DeHart

There comes a time for every small business to raise its prices. While it may seem scary, remember that it's your job to keep costs fair for you and your customers. That means you have to charge prices that work for you and allow you to remain in business. Am I Not Charging Enough?

Does the Kiddie Tax Affect Your Family?

RogerRossmeisl

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children.

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7 Advantages of Accounting Software You Can’t Beat

Patriot Software

As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software.

5 reasons you need continuity in a sales tax provider

TaxConnex

Consistent (i.e., good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you.

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Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation like ART (a unique month-end close solution) into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART, and share the key elements of month-end close automation.

IRS/Energy Dept Issue Guidance, List of Cars Eligible for Revised EV Credit

RogerRossmeisl

CPA Who Gave Up Public Accounting to Drive an 18-Wheeler Says He Made More Money Driving a Truck

Going Concern

*post image is not Steve, just some guy from iStock. Letters to the editor are great because they clue you in to how a reader identifies with what you’ve written and often the writer will share their own experience viewed through the lens of your story.

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More Trending

IRS will wipe away $1.2B in late fees from pandemic

Accounting Today

IRS Tax penalties Tax Charles Rettig Tax relief

5 mistakes you make when quoting fees to new clients

Mark Lee

One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. They are not alone.

Not Knowing Legal vs. Illegal Payroll Deductions Can Cost You Big Time

Patriot Software

Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees.

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The Auto Industry is Likely to Decline in Enterprise Value

RogerRossmeisl

Excerpt of an article posted to the ARK Invest website on 7/15/22 According to the research of ARK Invest, during the next five years the auto industry as measured in units will grow, but as measured by enterprise value, it will shrink.

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!

Debugging Lesson Well-learned: Fixing Material UI Autocomplete Search

Lockstep

Did you know that developers spend more than 75% of their time debugging issues? That’s more than 1500 hours per year! While there are many actions that lead developers to dead ends, fixing issues that otherwise should only take a few hours should not be one of them.

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Employee Documentation: Tips & Examples to Save Your Startup Money

BurklandAssociates

Employee documentation can help your company raise that next round of funding and mitigate any allegations of unfair employment practices. The post Employee Documentation: Tips & Examples to Save Your Startup Money appeared first on Burkland.

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 August ‘22 Acterys Product Updates

Acterys

This month, we are again releasing major improvements for Acterys. Our development team has been pretty busy working on significant functionality improvements and new features to make your experience with our products better in terms of speed, usability, security, and ease of use.

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Tax Obligations if Your Business Closes its Doors

RogerRossmeisl

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities that must be met.

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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.

Lockstep Inbox Update: Global Search

Lockstep

If you’re like most accounting teams, you probably spend a lot of time searching through your email for specific information. It can be frustrating when you can’t find what you’re looking for, especially when time is of the essence.

TaxConnex™ Chosen to Speak at Two GSCPA Events This Fall and Exhibiting this Week at the Southeastern Accounting Show!

TaxConnex

We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We

Student debt forgiveness may be taxable in more than a dozen states

Accounting Today

Biden Administration Tax code Tax State taxes Student loan debt

How to Treat Business Website Costs for Tax Purposes

RogerRossmeisl

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted.

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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!

Anyone Looking Forward to a Highly Militarized IRS SWAT Team is Going to Be Sorely Disappointed

Going Concern

Because the IRS SWAT team memes your crazy aunt Kathy is spreading on Facebook are getting out of control, the AICPA has stepped forward to clarify: no, there will not be 87,000 armed IRS agents deployed to bang down the doors of American taxpayers.

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Why Creating a New Job to Retain Someone Can Be a Bad Idea

BurklandAssociates

You most likely have bought yourself a short amount of time with this employee before the same issues that caused them to look happen again. The post Why Creating a New Job to Retain Someone Can Be a Bad Idea appeared first on Burkland.

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Supreme Court to hear case involving taxation of U.S. expats

Accounting Today

Income taxes International taxes Tax SCOTUS Tax-related court cases

Important Considerations When Engaging in a Like-Kind Exchange

RogerRossmeisl

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange.

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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!

Reports: Woman Who Fatally Shot Two People and Injured One in Atlanta Used to Work for BDO USA

Going Concern

A woman who was arrested earlier today after allegedly shooting three people, killing two of them, in Midtown Atlanta is reportedly a former audit manager at BDO USA. As of 11:40 p.m.

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For Payroll Adjustments, There’s Retro Pay

Patriot Software

Sometimes, payroll mistakes happen. If you pay an employee less money than you should have during a pay period, you owe them retro pay. What is retro pay? What is retro pay? Retro pay, or retroactive pay, is the compensation you owe an employee for work performed during a previous pay period.

Do we need accounting firms?

Accounting Today

Practice management Partnerships

Accounting Practice Management Software: The Top 17 Roundup

Ryan Lazanis

Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Key Takeaways. Get to know the top accounting practice management software and why it is essential for your business.

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!

Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

note: apologies to the individual who criticized last week’s Footnotes headline for being too clickbaity and scary, our bad. This week’s consciously informative headline is just for you, buddy.

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Keepin’ It in the Family: 10 Tips for Hiring Your Child

Patriot Software

Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work.

The future of the Metaverse holds great promise. The present, less so.

Accounting Today

Cryptocurrency Blockchain Virtual reality Technology

Ready, Set, Go! Mark Your Calendars With Sales Tax Holiday Dates

Patriot Software

For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.

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The First 90 Days: Onboarding Checklist

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