IRS makes more progress on tax return backlog
Accounting Today
JUNE 21, 2022
Income taxes Tax returns IRS Tax Charles Rettig
Sat.Jun 18, 2022 - Fri.Jun 24, 2022
100 
Accountants as Advisors – and the Elephants in the Room!
PANALITIX
JUNE 22, 2022
RESOURCES / ARTICLES. Accountants as Advisors– and the Elephants in the Room! How do Accountants sell more advisory services? This is a question we get asked a lot… and the answer can be more complicated than it appears. For starters, WHY would Accountants WANT TO sell more advisory services?
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Four Things Startup Founders Should Do Now to Prepare for a Downturn
BurklandAssociates
JUNE 21, 2022
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.
Getting Started with Lockstep Inbox – Free Forever
Lockstep
JUNE 22, 2022
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.
Global Accounting Principles and Commission Capitalization
Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase
Join us for this webinar, where Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting, explore how to approach capitalizing global sales commissions.
Four years since Wayfair: A trend takes hold
TaxConnex
JUNE 21, 2022
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.
IRS adds options for electronically amending 1040s
Accounting Today
JUNE 23, 2022
E-filing Tax returns IRS Tax
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IRS Still Has Backlog of 21.3 Million Tax Returns
CPA Practice
JUNE 22, 2022
At the end of May 2022, the agency had a backlog of 21.3 million unprocessed paper tax returns, an increase of 1.3 million over the same time last year.
Downtown St. Louis Construction Update: Phase 2 of City Foundry, 21c Museum Hotel Opening and America’s Center Expansion
Anders CPA
JUNE 21, 2022
As a firm born and raised in St. Louis, we’re always excited to share exciting construction projects happening in our own backyard.
Taxpayer advocate sees much larger backlog than IRS reported
Accounting Today
JUNE 22, 2022
Tax refunds E-filing Tax returns IRS Tax
KPMG CEO Pats His Firm on the Back For Being So Behind the Times, Roasts EY While He Does It
Going Concern
JUNE 24, 2022
Sky News has obtained part of an internal memo KPMG Global Chairman and CEO Bill Thomas sent to firm partners earlier this month in which Mr. Thomas turns his nose up at EY’s plan to split consulting and audit practices.
5 Ways to Improve DE&I in the Workplace
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Diversity, equity, and inclusion are critical for an organization’s success. And companies that take bold action to help ensure an inclusive workplace will win every time. Discover how your company can create a culture that celebrates DE&I while achieving higher revenue and growth.
13 Accounting Influencers You Might Not Be Following | Canopy
Canopy Accounting
JUNE 21, 2022
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.
Where’s my ERC refund?
Dent Moses
JUNE 22, 2022
Many businesses filed for employee retention credits. Unfortunately, the IRS has a staggering backlog of Form 941’s to process as a result of ERC filings along with normal quarterly filings.
Tax compliance and controversies on the rise
Accounting Today
JUNE 20, 2022
COVID-19 Tax audits IRS Tax
Being Home During Lockdown Shifted Accountants’ Priorities, Says Lady
Going Concern
JUNE 24, 2022
Kristy Illuzzi, CPA, CGMA of International Federation of Accountants (IFAC) on why the Great Resignation is affecting the profession so acutely : I think the Great Resignation is interesting in that it has impacted almost every sector of our economy and every profession in some way, and it’s no different in the accounting industry.
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!
How to Handle Stripe Disputes in E-commerce
Snyderr
JUNE 22, 2022
As your online store grows and attracts more customers, so does the risk of facing Stripe disputes. Disputes can lead to discrepancies and add more challenges to your accounting routine. How to deal with the dispute depends on the payment processor you use.
Taxpayers with Balances Due Have Been Put on Notice By the IRS
CPA Practice
JUNE 20, 2022
The IRS has begun mailing out CP14 notices to millions of taxpayers who have a balance of $5 or more in unpaid taxes, kindly reminding them that the federal government would like its money.
EY Throws a Fit When Your Job Circumstances Change
Going Concern
JUNE 23, 2022
I got an offer in a corporate role and turned in my two week notice at EY. Everything was fine: HR treated me well and wished me luck in the next chapter of my career.
How to Write OKRs: 45 Effective Examples
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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.
Bullet-Proof Your Accounts Payable with 3-Way Matching
xendoo
JUNE 22, 2022
The process of 3-way matching in accounts payable protects your business against incorrect or fraudulent invoices. It mitigates risks in your company’s spending by making sure you don’t overpay for services or fall for counterfeit invoices.
Top 5 Ways to Manage Workflow at Your Accounting Firm | Canopy
Canopy Accounting
JUNE 20, 2022
Without the right processes in place, an office’s organization can quickly devolve into chaos, leaving employees feeling overwhelmed and scatter-brained. Implementing the best accounting workflow software will increase productivity and efficiency at your accounting firm.
Tax Strategy: Will we get any tax legislation in 2022?
Accounting Today
JUNE 20, 2022
Tax Finance, investment and tax-related legislation
Partners Stand to Make Millions (Maybe) If EY Breaks Up
Going Concern
JUNE 21, 2022
The big hurdle in EY’s plan to split audit and consulting lies in whether or not its partners want to take the risk per earlier Wall Street Journal coverage in which people familiar with the matter told WSJ its roughly 12,000 partners will need to vote to approve the spinoff.
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!
Tax Strategies for Selling an S Corporation: Failing the §302 Stock Sale Tests
CTP
JUNE 24, 2022
As a tax planner, when a client approaches you about selling their S corporation, one of the first questions to ask is whether they are selling the stock or the assets of the business. What is the difference from a tax perspective?
“The First State” Becomes the 11th: Delaware Paid Family Leave Coming Soon
Patriot Software
JUNE 22, 2022
With the passage of the Healthy Delaware Families Act (the Act), Delaware became the 11th state to guarantee paid parental, medical, and military leave for employees. Delaware paid family leave (PFL) touches the lives of both employees and their employers.
Supreme Court agrees to weigh fines for not reporting overseas accounts
Accounting Today
JUNE 21, 2022
International taxes IRS Tax SCOTUS
Gen Z is Wearing ‘Pajamas’ to Work and No One Cares
Going Concern
JUNE 22, 2022
We here at Going Concern have always worked remotely, cranking out our hard-hitting investigative journalism from the nearest coffee shop or cat hair-covered couch in our nicest T-shirts since 2009.
The First 90 Days: Onboarding Checklist
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Connect with your people from day one with this development and engagement checklist.
Selling an S Corporation: Using a Stock Redemption for Tax Benefits
CTP
JUNE 24, 2022
As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. What is the difference from a tax perspective?
Best Shift Swap Practices for Employers and Employees
Patriot Software
JUNE 20, 2022
If you’ve ever had to put together a schedule, you know the unique pain of a last-minute shift swap. You’ve created a highly exact work of art, after all. When someone changes it at the last minute, all types of problems can show up.
Firms step up recruiting amid talent shortage
Accounting Today
JUNE 23, 2022
Practice management Employee retention Recruiting
Will the IRS Deny Your Claim for the Employee Retention Tax Credit?
Withum
JUNE 24, 2022
The employee retention credit (ERC) started out slow but keeps going strong, even to the present day. .
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!
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