CPA Practice

APRIL 3, 2023

By Cameron White. Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Deloitte ranks the talent shortage among the top challenges that are expected to influence or disrupt businesses this year. With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies.

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accounting firms CPA Technology Account 135

AccountingDepartment

APRIL 4, 2023

Cash flow is the lifeblood of any business, and managing it properly is crucial for success. While many businesses focus on generating revenue, it's equally important to maintain positive cash flow to ensure that operations can continue smoothly. In this article, we'll discuss some cash flow best practices that businesses should consider implementing to be more successful.

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Account accountant accounted 79

Menzies

APRIL 5, 2023

Menzies LLP - A leading chartered accountancy firm. As we settle into the first quarter of 2023 businesses are feeling the pressure, and some owner managers may have to face a cashflow crisis. Due to the significant increase in the cost of living, in addition to the higher interest rates and inflation many consumers have had to tighten their purse strings, which is resulting in a negative knock-on effect on businesses.

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chartered accountant Maine accounting firms Account 52

Insightful Accountant

APRIL 2, 2023

Tipalti's Paul Henderson examines some of the initiatives today's CFOs should prioritize this tax season.

Tax 101

Tax 101

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Mark Lee

APRIL 4, 2023

One of the accountants I mentor has long been proud of how efficiently they look after their own business affairs. Others though are embarrassed at their inefficiencies. And there are some who do not appear to give any thought as to how they are perceived. Some of the accountants in this category may, unintentionally, be undermining their credibility.

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Account accountant accounted tax return 52

IgniteSpot

APRIL 4, 2023

What is the difference between a CFO and a controller? CFO, controller. potato, po-tah-to.

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GrowthForceBlog

APRIL 5, 2023

7 min read Automation is one of the biggest disruptors in any industry, and it would seem that artificial intelligence (AI) sy stems like ChatGPT are setting out to automate everything from painting portraits, writing poems, and composing hit songs to writing computer programs, giving financial management advice, and filing your taxes.

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Account accountant accounted Tax 75

Shay CPA

APRIL 5, 2023

‘Tis the season. As the days get longer and the weather gets warmer, it’s time to undertake the annual chore of spring cleaning. This doesn’t just apply to your abode. Employing a spring cleaning mentality at your startup — especially when it comes to your books — can do a lot to help you thrive in the rest of 2023 and beyond. In fact, giving your bookkeeping a spring clean could be the key that unlocks success in your next rounds of fundraising.

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bookkeeping accounting principles accounting standards bookkeeping services 59

Insightful Accountant

APRIL 3, 2023

FloQast's Mike Whitmire takes a deep dive into why automation just may be your secret weapon come the vaunted tax season.

Tax 98

Tax 98

RogerRossmeisl

APRIL 2, 2023

As appearing in IRS Newswire IR-2023-64 The Internal Revenue Service just issued a proposed regulation related to certain requirements that must be met for critical minerals and battery components for the new clean vehicle credit. The Inflation Reduction Act (IRA) allows a maximum credit of $7,500 per vehicle, consisting of $3,750 in the case of a vehicle that meets certain requirements relating to critical minerals and $3,750 in the case of a vehicle that meets certain requirements relating to

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CPA Tax 216

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

APRIL 4, 2023

Accrual accounting generates a more accurate long-term financial picture, is required for GAAP, and is what prospective investors and lenders expect to see. The post Cash vs. Accrual Accounting for Startups: Which is Best? appeared first on Burkland.

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accrual accounting Account accountant accounted 146

TaxConnex

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. Seems clear. However, companies still must deal with the ambiguous physical presence standards as well as the varying taxability rules from state to state.

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Technology Sales Tax tax return 130

MyIRSRelief

APRIL 3, 2023

Small business owners often find themselves juggling multiple responsibilities, from managing employees to overseeing operations to marketing and sales. Amidst all these demands, managing finances can easily become overwhelming, especially for those who lack a strong financial background. That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manag

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Account accountant accounted accounting and finance 130

RogerRossmeisl

APRIL 4, 2023

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes. However, in order to be deductible, advertising and marketing expenses must be “ordinary and necessary.” As one taxpayer recently learned in U.S. Tax Court, not all expenses are eligible.

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CPA Tax business tax 130

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

Technology

CPA Practice

APRIL 7, 2023

By Cameron White. Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Deloitte ranks the talent shortage among the top challenges that are expected to influence or disrupt businesses this year. With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies.

accounting firms 139

accounting firms CPA Technology Account 139

TaxConnex

APRIL 4, 2023

You just got notice of a sales tax audit. What now? Ideally, you’ve done your homework and put in place processes to comply in those jurisdictions where you have nexus for sales tax purposes. And not ideally? Wherever you are in your sales tax compliance, these steps will help your audit process run smoother. Don’t take it personally Our third annual survey of financial professionals showed that although most companies (67%) reported that state sales tax audits have remained at the same level ov

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audit Sales auditor Tax 130

Xero

APRIL 4, 2023

If you ever worked with Office 97, you’ll remember Microsoft’s iconic assistant Clippy. The animated AI-based paperclip would pop up in your document and offer to help you format whatever you were working on. Clippy would analyse and structure words in your document and help you format it according to what you were working on. For example, if anything vaguely resembled a resume, you would be prompted with: “It looks like you’re writing a resume!

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Technology Gaming Start-ups 115

Withum

APRIL 4, 2023

Explore Other Episodes #CivicWarriors #WithumImpact The post Volunteering and Campaigning for a Great Cause With The Leukemia & Lymphoma Society appeared first on Withum.

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Technology

CPA Practice

APRIL 5, 2023

By Andrew Antos, Co-founder and CEO of Klarity. If you’ve been following recent news in even the most cursory fashion there’s a good chance you’ve heard about ChatGPT, the Large Language Model (LLM) technology that’s primed to revolutionize business operations. It’s an innovation that holds such disruptive promise that it has already begun to impact long-standing industries and left more than a few big incumbents spinning.

accounting firms 135

accounting firms Account accountant accounted 135

Going Concern

APRIL 3, 2023

Up north, the Canadian equivalent of the PCAOB has said that audit quality in America’s hat is on the decline and that the level of significant findings at non-annually inspected firms is “concerning.” This is per the Canadian Public Accountability Board’s 2022 Annual Report [ PDF ]. The Globe and Mail reports : Problematic audits are on the rise at Canada’s accounting firms, according to the industry’s national regulator, which found issues in a third of the audits it ex

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audit public accounting Real Estate accounting firms 111

Insightful Accountant

APRIL 6, 2023

Shopify now is Intuit's Preferred Solution for a POS solution that integrates with QuickBooks Desktop. Learn more about the solution and the special bonus bundle available to migrating QB-POS customers.

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quickbooks 105

Basis 365

APRIL 3, 2023

As an e-commerce business owner, it's essential to understand your financials and where your money is going. One of the most significant expenses for any Shopify store is the fees charged by the platform. However, many Shopify store owners need to fully understand these fees and how they can affect their financial statements. In this blog post, we'll discuss how to break out Shopify fees for accurate financials and the benefits of outsourced e-commerce accounting.

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E-commerce financial statements Sales Account 102

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CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. “Taxpayers should choose their return preparer wisely and remain vigilant against unscrupulous preparers, who often present clients with refunds that are too good to be true,” said Deputy Assista

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tax preparation Tax tax return income tax 132

Going Concern

APRIL 5, 2023

In a LinkedIn post published March 3 , CLA CEO Jen Leary — who graduated wayyyy back when only 120 units were required — threw her support behind Minnesota Society of CPAs’ initiative to add a second pathway that would allow CPA licensure at 120 units and two years of experience. It may not seem like a huge deal for one person to say “yeah, that doesn’t sound like a terrible idea” in a LinkedIn post but considering the heat Minnesota has gotten from The Powers

CPA 99

CPA Minnesota accounting firms cpas 99

Insightful Accountant

APRIL 3, 2023

The Dancing Accountant, Nancy McClelland, gives you the lowdown on the IRS account transcript, a tool you can download for free to check your finances. Jump over to our sister site, Tax Practice News, to learn more.

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Tax Finance Account accountant 105

Anders CPA

APRIL 7, 2023

As one of the fastest-growing firms in the nation, Anders is excited to announce plans to expand our geographic footprint by opening additional office space in Chesterfield, Missouri. To accommodate the firm’s rapid growth, Anders will take over 10,000 square feet at 16090 Swingley Ridge Road in Chesterfield. The Need for Expansion After breaking into the Accounting Today Top 100 Firms in 2021 at #100, Anders continues to gain momentum through mergers and organic growth, climbing up the li

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Missouri Real Estate CPA Start-ups 98

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CPA Practice

APRIL 3, 2023

By Richard Tribou, Orlando Sentinel (via TNS). Humans haven’t traveled beyond low-Earth orbit in more than 50 years, but that’s set to change with the launch of the Artemis II mission to orbit the moon next year with four passengers on board. Just who will be flying was revealed today. NASA and the Canadian Space Agency named the four astronauts that will climb aboard the Orion spacecraft to be launched atop the Space Launch System rocket from Kennedy Space Center as early as November 2024.

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Utah Michigan California 122

Nancy McClelland, LLC

APRIL 7, 2023

Everyone who reads my blog or works with me knows I’m a vocal proponent of the cooperative structure as a sustainable and enriching alternative to classic shareholder business models. Co-ops allow companies to distribute wealth among those that do business with it, rather than to investors just trying to make a buck. They exist to fulfill member needs, rather than to generate profit — though they can be lucrative to those involved.

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Agriculture CPA Virginia Education 98

Insightful Accountant

APRIL 6, 2023

It is easy to forget things, especially if we don't use them very often. And if we forget them, then we probably forget to teach them to our clients as well.

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Anders CPA

APRIL 5, 2023

After an intense NCAA tournament, Mark Scott crafted the winning bracket in the 35th annual Anders Hoops for Hope tournament! Mark beat the odds to come in first place this year out of 678 total brackets. Thank you to our sponsors and everybody that participated to make this year such a success! All participant and sponsor donations benefitted our 2023 Charity of Choice: Missouri Veterans Endeavor.

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Missouri CPA 98

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"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.

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