ThomsonReuters
MARCH 15, 2023
Keeping pace with the latest innovations in technology is important for any firm looking to remain competitive and better serve clients in today’s challenging environment. This is especially true for firms eyeing a capital infusion from private equity investor s. While such investments may not have been much of a consideration in prior years, times have changed.
Shay CPA
MARCH 13, 2023
Latest FDIC update: Sunday, March 12th: Depositors will have access to all their SVB stored funds starting Monday, March 13. Recent FDIC Press release: [link] FDIC FAQ page: [link] Who is impacted by the SVB Shutdown? Primary: Tech Startups that had funds stored in an SVB account. As of March 13, 2023, the FDIC has taken measures to ensure all money held in SVB accounts will be available to account holders.
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CPA Practice
MARCH 14, 2023
This article was provided by the Illinois CPA Society. Tax season may be in full swing, but there’s still time to make a smart money move that often goes overlooked by taxpayers eager to file their tax returns and pocket their refunds: saving for retirement. For those looking to lower their tax bills and boost their financial fitness for 2023 and beyond, making a last-minute individual retirement account (IRA) contribution for the 2022 tax year—which can be done right up until the income tax fil
Snyder
MARCH 15, 2023
Customer retention is at the heart of many business strategies. It dives deep into subjective matters like loyalty or customer experience that seem quite intangible and hard to measure. However, it’s the data-driven approach that captures those metrics in the most effective way, allowing business owners to build solid customer retention strategies. In this article, we will present the key metrics of customer retention and review data-driven strategies that help in increasing customer retention r
Speaker: Victor C. Barnes, CPA, MBA
IgniteSpot
MARCH 16, 2023
What is an accounting report? Your business has to keep a lot of balls in the air at all times, and reporting is one way to assess how well you juggle. To measure your financial performance, you’ll rely on a variety of accounting reports , which are quantitative financial documents that allow you to track your business’s financial history and make projections.
KROST
MARCH 15, 2023
The development of technology and its impact on our personal and business lives never ceases to amaze. From the first transistor in the 1940s to personal computers in the 1970s, the Internet in the 1990s (following its predecessor, ARPAnet in the 1960s), to the smartphone in the early 2000s, virtually every aspect of modern life Read the full article.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 13, 2023
From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging. While it may be impossible to eliminate stress, there are strategies you can use to help reduce the negative impact of stress and increase productivity. Stress is the body’s natural reaction to challenging or demanding situations. It just so happens that a lot of the time, we can call our stress work.
TaxConnex
MARCH 16, 2023
Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. However, there are numerous pitfalls to be aware of. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor.
Going Concern
MARCH 15, 2023
Today is the day that PwC ushered in a new era for professional services : a global partnership with AI startup Harvey, offering PwC’s legal professionals “exclusive access” (that is, they are the only Big 4 firm who has it) to the platform. It’s a shame we had to scroll all the way to the bottom of this celebratory news release to find this disclaimer: AI will not be used to provide legal advice to clients and AI will not replace lawyers, nor be a substitute for professi
Withum
MARCH 15, 2023
The IRS issued a press release with a renewed warning to taxpayers regarding claims for the Employee Retention Credit (ERC) on March 7, 2023. This marks the third time in six months the IRS has issued a written warning to taxpayers – the first two were issued in October and November of 2022, and we wrote about the October notice here. If your business plans to claim or already has claimed the ERC, it is imperative that you substantiate your claim because the IRS is signaling significant enforcem
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
CPA Practice
MARCH 15, 2023
In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. This phenomenon has caused the profession to rethink the very model of firm ownership, success, partnership and hierarchy. It’s definitely not the model of firm management that your mother or father experienced or envisioned, if they were an accounting professional.
Patriot Software
MARCH 12, 2023
To Whom It May Concern, I am Mike Kappel, CEO of Patriot Software in Canton, OH. I am calling on our government and lawmakers to step in and put their full weight behind SVB immediately in order to make tens of thousands of hardworking American businesses and their families whole again.
MyIRSRelief
MARCH 15, 2023
As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action. If you are struggling with back taxes, it is essential to seek professional help to avoid further financial hardship.
BurklandAssociates
MARCH 15, 2023
This sample can be customized for adoption by a Board of Directors and implementation by a startup's management team. The post A Sample Investment / Treasury Policy Template for Startups appeared first on Burkland.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
TaxConnex
MARCH 14, 2023
So far this year, multiple states have introduced new exemptions including some on necessities and at least one proposed tax credit on a politically charged kitchen appliance. Among the new laws: Virginia’s sales tax on groceries dropped to 1% from 2.5% starting Jan. 1. Kansas began applying a preferential sales tax rate to groceries; the state sales tax on groceries is scheduled to phase down to 4% this year and 2% in 2024 before hitting zero in 2025.
Going Concern
MARCH 16, 2023
Not a good look, you guys. Article today (March 16) in The Wall Street Journal Then there’s this — unconfirmed and now removed — post on Fishbowl a couple days ago: via Fishbowl “This will be resolved within weeks, not months, because we not only need momentum across the deal but we need clarity for all our stakeholders,” said Patrick Winter, EY’s Asia-Pacific managing partner a few days ago ( AFR ).
CPA Practice
MARCH 14, 2023
By Hanspeter Misteli Reyes, J.D. , LLM. In a globalized world, it is common for individuals to hold assets outside the U.S. However, U.S. taxpayers are often unaware that there are special reporting requirements for their non-U.S. based assets leading to substantial penalties. This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance
Withum
MARCH 14, 2023
The past week has brought great uncertainty to our sector. The sudden collapse of Silicon Valley Bank (SVB) drastically altered the venture capital (VC) landscape – and its impacts on future fundraising and valuations are still unclear. Many startups were caught off guard and spent the weekend reviewing their cash balances and assessing how they would be able to meet their cash obligations in both the short and long term.
Advertiser: Paycor
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Patriot Software
MARCH 16, 2023
Dear Patriot Software Customers, As I mentioned in my March 14th timeline update to you, your payroll and payroll-tax dollars are securely flowing again at Silicon Valley Bank (SVB). Patriot is in good shape, and our Customer Support staff is here to help you.
Going Concern
MARCH 16, 2023
Accounting Today has published “ The 20 biggest problems for firms in 2023 ” and no one will be surprised to find out that the war for talent ranks #1 among the firms AT surveyed. Talent actually has its tentacles in a number of problems on AT’s list and spills over into several items–capacity issues, burnout, retention. Hell, half the list is related to talent.
CPA Practice
MARCH 17, 2023
By Christopher Zara, Fast Company (TNS) We just celebrated National Women’s Day, and we’re still in the middle of Women’s History Month. But what most women want isn’t another day or month—another theatrical pat on the back designed for other people’s comfort. They just want to earn as much as their male counterparts. It isn’t exactly mind-blowing news that women are still earning an average of 82 cents on the dollar compared to men.
Withum
MARCH 14, 2023
Explore Other Episodes #CivicWarriors #WithumImpact The post Changing Today’s Workforce With Out for Undergrad(O4U) appeared first on Withum.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Patriot Software
MARCH 12, 2023
Dear Patriot Software Customer, I’m sure you’ve heard the news that on Friday 3/10/23 the 16th-largest bank in the USA, Silicon Valley Bank (SVB), was shut down by California regulators, and it’s now under the control of the FDIC. Up until 3/10/23, SVB was the bank that Patriot Software used for 100% of its activities.
Going Concern
MARCH 14, 2023
Y’all need to calm down, I’m running out of “angry person” stock photos. With the accountant shortage in full swing and the profession’s talking heads, peanut galleries, unwashed masses, and unelected old white guys in charge discussing ways to ease it, it’s inevitable that we’ll start throwing out some WILD ideas.
CPA Practice
MARCH 16, 2023
The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index, which measures national employment growth for businesses with fewer than 50 workers, continued to increase to 99.66 while the rate of hourly wage growth declined to 4.49 percent year-over-year in February.
Anders CPA
MARCH 15, 2023
Anders has been recognized as one of Accounting Today’s Top 100 Firms for the third year in a row. After breaking into the Top 100 Firms in 2021, Anders continued to gain momentum in 2022, moving up six spots from #100 to #94. The firm merged in Summit CPA Group last year and combined with organic growth they climbed 16 spots up the list to #78 in 2023.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Withum
MARCH 15, 2023
Oracle NetSuite is releasing the first ERP functionality updates for 2023 on March 16. Not sure what to expect? Here is your ultimate guide to the top 9 new NetSuite 2023.1 features and how they work. Top 9 NetSuite 2023.1 Features 1. Automating Period Close Revenue Recognition Entries Existing NetSuite users already understand the tremendous benefits of automating complicated revenue recognition rules.
Xero
MARCH 16, 2023
Small businesses in the UK have shown tremendous resilience over the last few years. We know it can be hard to run a small business, even without all the global and economic uncertainties. That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.
CPA Practice
MARCH 16, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies, want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule which currently applies for 2023, affects millions of people who sell on sites like Airbnb, and Poshmark, and get paid through third-party networks like PayPal, Square and CashApp.
ThomsonReuters
MARCH 16, 2023
Rev. Proc. 2023-17 (Mar. 9, 2023) Available at [link] The IRS has announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act. As background, applicable large employers (ALEs) may be liable for an employer shared responsibility penalty under Code § 4980H(a) if they fail to offer minimum essential coverage to a sufficient number of full-time employees.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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