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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
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
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.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
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.
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.
Going Concern
MARCH 15, 2023
While the general investing public is asking “where were the auditors?” in regards to the recent collapse of Silicon Valley Bank and Signature Bank, the banks’ auditors are insisting that, having exercised requisite due professional care, their unqualified opinions were based on the information available to them at the time and as such, the firm stands behind them.
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: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
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.
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
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.
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.
Advertisement
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.
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.
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.
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.
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.
Advertiser: Paycor
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.
Cherry Bekaert
MARCH 17, 2023
The Cybersecurity Maturity Model Certification (CMMC) is a unified cybersecurity standard for Department of Defense (DoD) acquisitions, aimed at securing the Defense Industrial Base (DIB) supply chain. This standard was updated in 2021 and is now considered “CMMC 2.0.” Defense Federal Acquisition Regulation Supplement (DFARS) Clause 252.204.7021, or the “CMMC Clause,” is currently under review.
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.
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.
Withum
MARCH 14, 2023
Explore Other Episodes #CivicWarriors #WithumImpact The post Changing Today’s Workforce With Out for Undergrad(O4U) appeared first on Withum.
Advertisement
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.
Cherry Bekaert
MARCH 16, 2023
In July 2021, the Internal Revenue Service (IRS) formally introduced Schedules K-2 and K-3. These forms bring uniformity and consistency to reporting items of international tax relevance to partners and S corporation shareholders on the foreign activity of a partnership or S corporation. Unfortunately, Schedule K-3 can add up to 20 additional pages to a partner’s or shareholder’s Schedule K-1.
CPA Practice
MARCH 16, 2023
By AJ Hess, Fast Company (TNS) Artificial intelligence may be making human resource departments less human. “AI has the potential to automate some tasks in human resource (HR) departments, but it is unlikely to completely take over HR departments in the foreseeable future,” reads one ChatGPT response on the subject. “AI can assist with tasks such as resume screening, candidate matching, and even initial interviews, which can free up HR professionals to focus on higher-level tasks such as employe
Basis 365
MARCH 16, 2023
eCommerce accounting is managing the financial transactions and records of an online business. Accurate accounting is essential for any business but vital for eCommerce businesses. Good accounting practices help you stay on top of your cash flow, manage your expenses, and make informed decisions about your business's future. eCommerce businesses must be capable of scaling fast, and your accounting systems need to easily handle increased volume in an automated way.
Withum
MARCH 13, 2023
Withum is proud to share that the San Fernando Valley Business Journal (SFVBJ) has named Steve Martini and Chris Passmore on their Most Trusted Advisors list for 2023. Steve Martini has over 30 years of experience focusing on business consulting and management advisory services. He is a dedicated philanthropist, having served on the Los Angeles Police Department Executive Strategic Planning Group for the L.A.P.D.
Advertisement
"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.
Expert insights. Personalized for you.
64 
Let's personalize your content