Sat.Jun 18, 2022 - Fri.Jun 24, 2022

IRS makes more progress on tax return backlog

Accounting Today

Income taxes Tax returns IRS Tax Charles Rettig

Accountants as Advisors – and the Elephants in the Room!

PANALITIX

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

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

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

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

E-filing Tax returns IRS Tax

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IRS Still Has Backlog of 21.3 Million Tax Returns

CPA Practice

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

As a firm born and raised in St. Louis, we’re always excited to share exciting construction projects happening in our own backyard.

cpa 83

Taxpayer advocate sees much larger backlog than IRS reported

Accounting Today

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

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.

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5 Ways to Improve DE&I in the Workplace

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

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

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

COVID-19 Tax audits IRS Tax

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Being Home During Lockdown Shifted Accountants’ Priorities, Says Lady

Going Concern

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

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

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.

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What to do when the IRS balance-due notice arrives

Accounting Today

EY Throws a Fit When Your Job Circumstances Change

Going Concern

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

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

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

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

Tax Finance, investment and tax-related legislation

Partners Stand to Make Millions (Maybe) If EY Breaks Up

Going Concern

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

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?

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“The First State” Becomes the 11th: Delaware Paid Family Leave Coming Soon

Patriot Software

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

International taxes IRS Tax SCOTUS

Gen Z is Wearing ‘Pajamas’ to Work and No One Cares

Going Concern

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

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

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?

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Best Shift Swap Practices for Employers and Employees

Patriot Software

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

Practice management Employee retention Recruiting

Will the IRS Deny Your Claim for the Employee Retention Tax Credit?

Withum

The employee retention credit (ERC) started out slow but keeps going strong, even to the present day. .

audit 101

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!