Sat.Jan 27, 2024 - Fri.Feb 02, 2024

article thumbnail

How to Price Your Accounting Services | Canopy

Canopy Accounting

The way you price your accounting services shouldn’t be arbitrary. The correct accounting pricing strategy can effectively mean the difference between scraping by and robust growth.

account 98
article thumbnail

Generative AI for small and midsized firms

Accounting Today

Without breaking the bank, small and midsized firms can make smart investments to adopt AI and tailor it for specific uses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 IRS Red Flags

Insightful Accountant

Audits are unpredictable, with some being random and others based on income, entity structure, or common errors. To minimize audit risk and save time, handle 10 red flags cautiously.

audit 105
article thumbnail

5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. That hasn’t changed. However, exactly “what” types of advisory a firm should offer has always been a question. The findings from the new Entrepreneurship in 2024 Report , conducted by Intuit QuickBooks in December 2023, solves for that, providing you a roadmap to help your clients.

article thumbnail

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.

article thumbnail

Top 5 Accounting Insiders Podcasts

Insightful Accountant

We have looked at the stats and here's the list of our top 5 most popular podcasts of all time. If you have not listened to them, grab a cup of coffee and take a break!

account 52
article thumbnail

A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. It's not just about crunching numbers – it's about crafting a strategic architecture that empowers informed decisions, optimizes operations, and navigates the complexities of compliance. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial

More Trending

article thumbnail

Five cash flow trends impacting small businesses

Xero

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.

article thumbnail

Easing Your Back Office Burden One Payroll At A Time

Randal DeHart

As a construction business owner, you have a lot on your plate. You need to manage your employees, oversee projects, ensure compliance with regulations, and keep your clients happy. Amidst all this, you may be tempted to handle your payroll to save costs and maintain control. At face value, it seems like a great idea. If you're a small business owner with just a few employees, you probably think hiring a payroll specialist is an expense you can avoid.

payroll 88
article thumbnail

How to Pay Employees: The Different Ways to Pay Your Employees

Patriot Software

How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees. And boy, do you have options.

payroll 69
article thumbnail

Hot Topics: Sellers and marketplace facilitators | TaxConnex

TaxConnex

Every now and then something comes along that transforms sales tax. The 2018 Wayfair decision was such a milestone. Another was the advent of the likes of marketplace facilitators such as Amazon, Etsy and eBay, among others. States’ definitions of a “marketplace facilitator” vary almost as much as states’ sales tax laws themselves. Generally, a marketplace facilitator is a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail

Iowa 206
article thumbnail

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.

article thumbnail

The Nuances of Measuring ARR at Early-Stage SaaS Startups

BurklandAssociates

Are you undervaluing your SaaS startup by following an ARR formula better suited for more mature companies? The post The Nuances of Measuring ARR at Early-Stage SaaS Startups appeared first on Burkland.

173
173
article thumbnail

Acterys xP&A Suite Enters the Gartner Magic Quadrant for Financial Planning Software

Acterys

Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.

article thumbnail

Five Tax Breaks Often Overlooked By Small Business Owners

CPA Practice

By David Faulkner, CFP, RICP, Kiplinger Consumer News Service (TNS) As a U.S. citizen and business owner, I really don’t have a problem with paying the taxes I owe. I understand the money the IRS collects (about $4.3 trillion, net , in federal taxes in 2022) goes toward everything from education, transportation and the country’s defense to Social Security, health care and veterans’ benefits.

tax 126
article thumbnail

House Passes Tax Relief Act With a Decisive Bipartisan Vote

Withum

The House of Representatives passed Rep. Jason Smith’s sponsored bill H.R. 7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures

tax 124
article thumbnail

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.

article thumbnail

House passes bill expanding Child Tax Credit and business breaks

Accounting Today

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

tax 125
article thumbnail

PwC Admits the Next PCAOB Inspection Report Won’t Be Great

Going Concern

In an audit quality report released last week [ PDF ], the once flawless PwC admits its next PCAOB inspection report will be twice as bad as the last one. That’s not so terrible though, PwC has proven in recent years they are superior to all other auditors when it comes to avoiding deficiencies from the PCAOB — in 2020, PwC had a record-low 1.9% deficiency rate with just one mistake found in 52 audits inspected.

audit 117
article thumbnail

House Passes Bipartisan Tax Bill Without SALT Changes

CPA Practice

By Caitlin Reilly, CQ-Roll Call (via TNS). The U.S. House of Representatives passed a $79 billion family and business tax break bill on Wednesday night (Jan. 31), after several days of uncertainty, teeing it up for consideration in the Senate. The package negotiated by House Ways and Means Chairman Jason Smith, R-Mo., and Senate Finance Chairman Ron Wyden, D-Ore., easily mustered the two-thirds majority needed to pass, despite GOP drama earlier in the week and previous criticism from Democrats.

tax 124
article thumbnail

Kevin Baldus Joins Anders as Chief Information Officer

Anders CPA

Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.

cpa 116
article thumbnail

Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

article thumbnail

Problems found in new IRS online 1099 portal

Accounting Today

The Internal Revenue Service has been working to resolve a problem that was preventing businesses and tax professionals from using a new online portal where they could file their 1099 forms for free.

tax 123
article thumbnail

4 Efficient Growth Strategies for Technology Businesses

Cherry Bekaert

For technology companies, “efficiency” isn’t just another buzzword. It’s a strategic imperative, and the pursuit of efficiency has emerged as a critical factor in driving sustainable growth. Our “Year of Efficiency” podcast series recently featured four key areas in which technology company CEOs and CFOs should focus on in the continual quest for improved business processes and substantial growth.

article thumbnail

Three Skills Every Accountant Needs to Differentiate and Scale Their Firm

CPA Practice

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Reason #2: Most clients (especially business owners) would rather their accountant give them advice (instead of simply being a recorder of the past).

account 119
article thumbnail

HLB International Named Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International

Withum

Withum’s global advisory and accounting network, HLB International, has been named the Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International (CFI). Pictured: Dave Springsteen, Withum Partner Emeritus, HLB Global Tax, Surabhi Bansal, Shannon Smith, Kimberlee SP Murphy, Partner, Withum International Services Practice Leader, Christian Jahndorf, Nick Farmer.

tax 111
article thumbnail

Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

article thumbnail

Melancon looks to build accounting pipeline amid tax changes

Accounting Today

American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.

tax 118
article thumbnail

Acumatica Will Return to Las Vegas for 2025

Insightful Accountant

During the 2nd-day of their 2024 Summit, Acumatica announced the event’s date and location for 2025. They also premiere new features and functionalities that will be implemented with their 2024R1 and R2 updates.

111
111
article thumbnail

Report: Small Businesses Continue to Add New Jobs in January 2024

CPA Practice

According to the Paychex Small Business Employment Watch, January marks the 34th consecutive month of job growth for U.S. small businesses. Wage growth for workers continues to stabilize in the new year with hourly earnings growth remaining essentially unchanged since November at 3.47%. “As we begin 2024, job growth in small businesses is continuing at a steady pace,” says John Gibson , Paychex president and CEO.

Tennessee 119
article thumbnail

CPA Evolution Update: What You Need to Know About Scores and Credit Extensions

Going Concern

NASBA held a quick little webinar yesterday on CPA Evolution and although I had a million other things I’d rather do, I sat in on it to bring you any important information. Let’s get right into it and preface all of this by saying if you have any questions or concerns about anything you see here or are unsure it applies to you, always check with NASBA and/or your state board for the most accurate and up-to-date information.

cpa 109
article thumbnail

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.

article thumbnail

Reshaping the pyramid

Accounting Today

The accounting profession is in the midst of a vast experiment with a host of new ways to structure how firms are owned and managed.

account 132
article thumbnail

Anders Raises Nearly $400,000 for Charitable Organizations in Latest Community Impact Report 

Anders CPA

As one of the Anders core values, Generosity is present at every level of the firm. Individually and collectively, we’re proud to give back to charitable organizations and foster an environment where people offer their time, skills and resources to improve our communities. To help showcase the efforts of our firm and employees, we’re proud to present our 8th annual Community Impact Report.

Missouri 111
article thumbnail

3 Ways to Reduce Taxes on Investment Earnings

CPA Practice

By David McGill, Kiplinger Consumer News Service (TNS) When it comes to investing and growing wealth to secure your financial future, it isn’t how much you make that matters most—it’s how much you keep. And yet, investors often overlook the critical role tax efficiency can play in successful retirement planning. The strategic management of your investments can help you minimize what you owe, maximize what you earn (and hold on to) and build a nest egg that will last longer for you and your heirs

tax 119
article thumbnail

ALERT: Top 100 Form Date Limits Turned Off

Insightful Accountant

An issue with Zoho has created a problem with the built in date limits in the Top 100 Forms. If you had a problem with “form closed’, please try again, as we’ve temporarily turned off date limits.

111
111
article thumbnail

2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.