Mark Lee

DECEMBER 20, 2022

Most of the accountants who approach me start by talking about their problems and what appears to be an immediate challenge. As the conversations progress I am typically able to help them consider the real issues that are causing the challenge that prompted their call. This is much the same as the way that a decent GP doesn’t just prescribe medication for your symptoms without first trying to find out what is causing them.

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Account accountant accounted Start-ups 52

Simple Accounts

DECEMBER 21, 2022

Do ghosts exist? Yes, no , or maybe, but ghost assets do exist. They are in your records, but you tend to ignore their presence a nd end up in trouble. . Any asset that is lost, stolen, or unusable but is still listed as active on your fixed asset register is referred to as a “ghost asset.” For example, a broken printer, unused computers, stolen goods, anything of this sort can be listed under the ghost asset category. .

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Tax accounting system Account accountant 98

Basis 365

DECEMBER 21, 2022

Outsourcing payrolls can significantly reduce your workload and save time and money, allowing you to focus on your business growth and take care of other essential tasks. As a result, many companies now turn to payroll outsourcing. Outsourcing can make it easy to issue payrolls efficiently and keep a complete record. This will save you time and effort and eliminate the chance of making mistakes.

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payroll accounts payable bookkeeping bookkeeping services 52

IgniteSpot

DECEMBER 20, 2022

What causes accounting problems? So many things can throw your books out of whack, having a ripple effect on your business operations, financial outlook, and even your team. Several red flags lead to confusion and inaccuracies. Your accounting software, fraudulent activities, internal controls, and misapplication of generally accepted accounting principles (GAAP) may be to blame.

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accounting principles Account accountant accounted 90

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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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SMBAccountant

DECEMBER 21, 2022

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Generally speaking, bookkeeping is a part of the accounting process that focuses on recording financials transactions and is heavily rooted in data entry and reconciliation of bank and credit card transactions and statements.

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bookkeeping managerial accounting Account accountant 130

Canopy Accounting

DECEMBER 21, 2022

It’s almost time to ring in a new year and what better time to start fresh and improve yourself and your career? 2023 is going to be your year and it’s up to you to make the most of the opportunity! With self-improvement in mind, here are 5 New Year’s resolutions accountants should have this year.

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Account accountant accounted Start-ups 98

Patriot Software

DECEMBER 20, 2022

You know that little line at the bottom of your receipts and invoices that says Sales Tax? As a business owner, it’s not your responsibility to pay it out of pocket. But it is your responsibility to collect and remit sales tax. If you don’t know how to pay sales tax for small business to […] READ MORE.

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Sales Tax business tax Account 84

Ryan Lazanis

DECEMBER 21, 2022

Many have developed their company swiftly past mid-6 figures, and while it wasn’t simple, things change when they hit 7-figures. Worst, they get stuck. I will explain two ways I diagnose this wall to help business owners break through it. Listen Below. 1:38 – Today, I want to share 2 things that I do to diagnose this wall to help firm owners break through it. 1:44 – The very first thing I do is get an understanding of the firm’s packages and prices. 2:14 – I’ll also look at the firm’

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Account accountant accounted 52

ThomsonReuters

DECEMBER 20, 2022

In the past few years, indirect tax specialists have had to deal with the Covid pandemic, Brexit, an ever-changing landscape of rules and regulations, budget tussles, hiring difficulties, and numerous other challenges. The professional terrain is no less rocky heading into 2023. In a recent panel discussion with Indirect Tax (IDT) experts hosted by Thomson Reuters in London, the prospect of a looming recession and tightening budgets were certainly a top concern, but so were many familiar issue

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Tax Technology Maine Account 59

TaxConnex

DECEMBER 22, 2022

This was previously published in Monitor Daily – check out the article now! [link]. Today’s economy has allowed rental and leasing companies to flourish. Many jurisdictions impose a sales tax on the rental or lease of tangible personal property. And along with this tax imposition comes some sales tax applicability nuances depending on the type of lease, associated services and the type of property being leased.

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South Dakota Sales Tax Finance 130

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Expense Management

BurklandAssociates

DECEMBER 19, 2022

2022 was a challenging year of surprises for startups and investors. Our readers found these blog articles to be especially helpful. The post Readers’ Favorites: Our Top Blog Posts of 2022 appeared first on Burkland.

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Tax Account accountant accounted 130

VetCPA

DECEMBER 17, 2022

Whether or not the number of people working from office buildings returns to pre-COVID levels, one thing appears certain: Remote and hybrid work models are here to stay. Business owners and other managers who rely on individuals who are working remotely full- or part-time are refining and elevating their management skills so that they get the best out of their employees.

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Withum

DECEMBER 19, 2022

Whether they grew up playing in the parks of Hershey, Pennsylvania, the frequent downpours of Oxfordshire, UK, the bitter cold of Detroit, Michigan, or the manicured training fields of Borussia Dortmund, most aspiring pro soccer players dream of playing in the World Cup. Such was the path of a young Christian Pulisic, or ‘Captain America’, as he is endearingly called by US Soccer fans.

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income tax Michigan Pennsylvania tax return 120

TaxConnex

DECEMBER 20, 2022

Shopify is one of the most popular e-commerce platforms. The e-commerce website builder claims that more than 1.7 million businesses have made over $200 billion in sales with the Ottawa, Ontario-based company’s websites. Free trials, tiered plans, 24/7 support, thousands of app integrations, unlimited storage and bandwidth… Truly does sound like what Forbes called an “all-in-one platform [with] everything you need to launch an online store.”.

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Sales Tax E-commerce tax accountant 130

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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.

accounting firms

Going Concern

DECEMBER 20, 2022

I made my entrée into accounting way back in 2007, at the time my job involved a three-hour roundtrip journey across four Bay Area counties and back and I was looking for something a bit closer to home. Shortly after starting in CPA review, I started seeing more and more “For Sale” signs on the yards of the houses my bus would pass on the way to work and not that much longer after that, Lehman Brothers failed and, well, you know what happened after that.

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Account accountant accounted accounting and finance 117

ThomsonReuters

DECEMBER 22, 2022

QUESTION: Everybody in the employee benefits field uses acronyms like ALE, MLR, and ACA. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Health Care Reform manual. (Last week’s Checkpoint Question of the Week included acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the Checkpoint Question of the Week from the week before included acronyms from the ERISA Complia

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Tax Account accountant accounted 98

Withum

DECEMBER 20, 2022

Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore on their Thriving in their 40s list for 2022. Christopher Passmore , CPA, MBA, specializes in assurance and business consulting services to emerging and middle-market companies and leads Withum’s Encino office as the partner in charge. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and employee benefit pl

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CPA Technology Account accountant 98

Anders CPA

DECEMBER 20, 2022

For the fourth year in a row, Anders has been named to Forbes’ America’s Best Tax and Accounting Firms List for 2023. With thousands of firms recommended in tax and accounting, Anders is one of 160 firms in the country to be named on both lists. Anders is also one of only four firms headquartered in Missouri and one of two in St. Louis to make both lists.

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accounting firms Tax Missouri Account 98

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

Going Concern

DECEMBER 20, 2022

If you said $2,022, you ’d be correct! A tipster from CliftonLarsonAllen told us on Monday, “$2,022 is how much the gift was to all employees. Very pleased with it. It was a complete surprise and appreciated by a lot of my colleagues. Especially with some other firms not giving out anything with a potential recession looming, it was well-received in my opinion.

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Intuitive Accountant

DECEMBER 19, 2022

Murph continues to summarize several enhancements from 'QuickBooks Connect 2022' for QuickBooks Online-Advanced. Check out the new profitability-centered features and reports recently introduced for improved project tracking.

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quickbooks 98

Canopy Accounting

DECEMBER 21, 2022

The Canopy team is excited to share the most impactful releases launched for you in 2022. In the true spirit of Christmas, sing along with a few of our Canopians here while browsing through more detailed information about these 12 game-changing features.

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Gaming 98

AccountingDepartment

DECEMBER 21, 2022

Co-founders Dennis and Bill recorded their annual holiday message to clients, sharing their views on the past year as well as what they're planning for the future! (and maybe a few bloopers to enjoy at the end).

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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.

CPA

Going Concern

DECEMBER 22, 2022

That sound you hear? It’s KPMG leadership breathing a heavy sigh of relief for not being the name attached to audit failure headlines this week. Our lucky winner today is Deloitte. The Financial Reporting Council has fined Deloitte UK more than £900,000 (a cool $1,081,444 Federal Reserve notes) over its shoddy audit work for building materials supplier SIG.

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audit auditor 104

Intuitive Accountant

DECEMBER 21, 2022

Happy, happy holidays. Intuit has given you a present in the form of another release update to QuickBooks Desktop just in time for 'old man winter' to arrive.

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quickbooks 105

Canopy Accounting

DECEMBER 23, 2022

In accounting, WISP stands for Written Information Security Plan. A WISP is a document that accountants are required by law to create. A WISP is your strategy or game plan for keeping your client’s personal and financial information safe. If you get paid to do someone’s accounting, then yes! You’re going to need a WISP.

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Account accountant accounted Gaming 96

Accounting Insight

DECEMBER 20, 2022

Self-employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), following a government announcement today (19 December 2022). Understanding that self-employed individuals and landlords are currently facing a challenging economic environment, and the transition to MTD for ITSA represents a significant change to taxpayers and HMRC for how self-employment and property income is reported, the government is giving a longer per

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Government Tax income tax Account 83

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

GrowthForceBlog

DECEMBER 20, 2022

9 min read. When most nonprofit missions are focused on dealing with crises that are occurring every moment of every day, nonprofit leaders can easily lose sight of crisis response planning and strategic crisis management for the potential crises that could occur in the future. Key Takeaways. The Role and Responsibility of an NFP Board of Directors During a Crisis: In a nonprofit, the board of directors' overall role and responsibility is that of high-level oversight, and this includes the overs

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Account accountant accounted 81

Intuitive Accountant

DECEMBER 18, 2022

The Association recommends the section 6050W(e) de minimis exception for reporting be cost-of-living adjusted4 (COLA) using 1954 as the base period for the $600 COLA.

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Randal DeHart

DECEMBER 23, 2022

Small construction company owners like you already have a time-consuming and challenging job running your business. If you're working on weekdays, you usually need the weekend to catch up on paperwork, pay bills, and manage any tasks you didn't get to during the week. But this weekend is Christmas, and with it comes time to relax, focus on family and friends and take stock of what is essential in life.

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Construction bookkeeping Account accountant 74

AccountingDepartment

DECEMBER 22, 2022

Small businesses, especially start-ups, face all sorts of challenges, and one of the biggest is keeping track of financial information.

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bookkeeping Start-ups bookkeeping services Account 85

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Technology