Sat.Jun 25, 2022 - Fri.Jul 01, 2022

Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyderr

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. These two ledger lists are available on your balance sheet and indicate how well your business is performing.

Who’s Smarter, Big 4 Accountants or Industry Accountants? A Debate

Going Concern

Yesterday we retweeted an observation about how the smartest people work at Big 4 firms hoping for some good discussion and discussion did in fact ensue. Decent discussion, actually.

audit 56
Insiders

Sign Up for our Newsletter

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

6 Things Today's Employees Want From Firm Leaders

Accounting Web

Growth 6 Things Today's Employees Want From Firm Leaders

IRS Releases Updated Cost Segregation Audit Techniques Guide

RogerRossmeisl

On 6/1/22, the IRS made available an update to the “Cost Segregation Audit Techniques Guide” (Publication 5653). Originally issued in 2004, the purpose of the Audit Techniques Guide (ATG) was to offer guidance to IRS auditors auditing cost segregation studies.

audit 204

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.

Blog: Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

Sales 181

Three Google Sheets Formulas for Accountants

Lockstep

While most accounting teams use Excel for their spreadsheet needs, a growing number of teams and organizations are moving to Google Sheets. At time where remote teams are ubiquitous, collaboration and cost ( Google Sheets is a free tool), are driving greater adoption of Google applications.

More Trending

Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research

Acterys

We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6

Maine 130

Blog: The 'XYZ Letter' and your sales tax compliance

TaxConnex

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates.

Sales 171

EY pays $100M SEC fine over CPA ethics exam cheaters

Accounting Today

SEC enforcement EY CPA Exam Audit standards Audit

cpa 112

How Exactly Did EY Auditors Cheat on CPE Exams? Details From the SEC Order

Going Concern

With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams?

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.

Improve Your SaaS Gross Margin

BurklandAssociates

Gross margin is a critical metric for SaaS startups to measure and improve. Low margins aren’t healthy or sustainable for most SaaS companies, and gross margin is one of the Read More. The post Improve Your SaaS Gross Margin appeared first on Burkland. Accounting CFO Insights Financial Modeling Saa

Anders Announces 2022 Promotions

Anders CPA

Anders recently announced annual employee promotions across the firm, from audit and assurance to tax, advisory and operations.

cpa 83

EY denies audit firm split tied to $100M SEC penalty

Accounting Today

SEC enforcement EY CPA Exam Audit PCAOB

audit 91

KPMG Will Pay the Department of Justice $307k For Discriminatory Job Postings

Going Concern

Apparently KPMG was discriminating against non-U.S. citizens in job postings ? News to us. Now it’s news to you, too. Anyway, the firm was ordered to pay $306,656, the largest fine of the 16 total employers involved in the Department of Justice settlement.

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!

What does giving clients ‘added value’ really mean?

Mark Lee

I first wrote about this in 2012 when I explained that I don’t believe that accountants’ clients really want ‘added value’ Heresy? It’s just I’m not a big fan of buzzwords.

Sales 83

Notice of office closure for staff training and development

Wellers Accounting

Chris Thompson explains why our staff training day is an essential part of client service delivery. News Wellers

Supreme Court to settle FBAR penalty controversy

Accounting Today

IRS Tax penalties Tax Tax laws SCOTUS

Let’s Bid EY U.S. Chair Kelly Grier a Fond Going Concern Farewell

Going Concern

Today is Kelly Grier’s last day building a better working world. So in honor of her retirement, we wanted to take a look back at KG’s career at EY, especially the last four years as the firm’s U.S.

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.

Make More of Your Commute With These 10 Podcasts | Canopy

Canopy Accounting

One of the most productive things accountants can do during their morning commute is expand their knowledge by listening to industry-related podcasts. No matter what area of interest or specialization you may have, there's sure to be a podcast to satisfy that need.

Payment on account - what it is & how to pay your tax bill

Wellers Accounting

Ercan Demiralay FCCA explains the details and intricacies of payment on account.

Elon Musk has a clear work-from-home policy

Accounting Today

Work from home Practice management Tesla Employee retention

Which Firm Had the Most IPO Audit Clients In Q1 2022?

Going Concern

The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021.

audit 87

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!

Credit Management

Dent Moses

This is another article that we hope you will pass along to a young person you may know. If it helps them, we both did our good deeds for the day. Lenders will often use your FICO score in making loan decisions.

Minimum Wage Increase – July 2022

KROST

Beginning July 1st, we have local minimum wage increases taking effect in many of the cities that you operate in. In the cities of Santa Monica, Malibu, and unincorporated areas of Los Angeles County minimum wage is increasing from $15.00 to $15.96.

79

IRS implements new fingerprinting process for e-file

Accounting Today

E-filing Authentication IRS Tax

Would Whoever Is Leaving Accounting Textbooks in the Little Free Library Please Stop Immediately?

Going Concern

What kind of monster does this?! via r/accounting. That very edition — published in 2008 — is going for $50 used on Amazon and people have left reviews for it as recently as last year. This find could be a score for the right person!

The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

Is Your Business Eligible for the ERTC?

Anders CPA

The Employee Retention Tax Credit (ERTC) has helped many businesses retain employees and recover from the effects of the pandemic.

cpa 78

For Richer and Poorer: How to Start a Business With Your Spouse

Patriot Software

Americans love talking about their favorite mom-and-pop shops. When we use the term mom-and-pop, we’re talking about a spouse-owned business. A spouse-owned business gives new meaning to “for richer and poorer” (and “till death do us part!”).

CLA grants $1M to NABA to build Black talent in accounting

Accounting Today

Diversity and equality Practice management Accounting Employee retention Recruiting

Former EY Partner Calls Newly-Released Tax Salary Data “Disturbingly Low”

Going Concern

Australian Financial Review said this morning they are in possession of tax salary data that EY is providing to some of its teams internally : Staff in EY’s tax division have learnt for the first time the salary ranges paid for graduates, consultants, managers and directors as part of a pay transparency drive at the big four firm.

tax 87

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!