Sat.May 07, 2022 - Fri.May 13, 2022

How Cash Flow Statements Help Experts Find Fraud

RogerRossmeisl

Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements.

5 Crucial Pieces of Your Sales Tax Compliance Filing Process

TaxConnex

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process.

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The Top 22 Questions to Ask in an Accounting Interview

Ryan Lazanis

When it comes to finding the perfect accounting professionals for your accounting firm, make sure that you have the right questions to ask in an accounting interview in order to get a sense of their qualifications and experience.

Financial Benchmarks for SaaS Startups, a Self-Assessment Tool

BurklandAssociates

One of the most frequent questions Burkland CFOs receive from our SaaS startup clients and their investors is, “how do we compare to other SaaS startups?” ” It is a good Read More. The post Financial Benchmarks for SaaS Startups, a Self-Assessment Tool appeared first on Burkland.

5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

Planning Cost Savings Through Power BI Platform Unification

Acterys

For over 20 years the Acterys founders have been very closely involved in the evolution of performance management processes working with most major technologies. Cost Saving and Process Efficiencies for Planning & Analytics Through Platform Unification.

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What’s new: state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. Alabama ?has

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Report: IRS Destroyed 30 Million Paper Tax Documents

CPA Practice

An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that the Internal Revenue Service made an intentional decision "to destroy an estimated 30 million paper-filed information return documents in March 2021.".

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Debits and Credits 101: Definitions & Example

Patriot Software

In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, you need to learn and understand the difference between a credit vs. debit. Otherwise, your books will wind up unbalanced and sloppy (and no business owner wants that!).

Anders Named Finalist for the St. Louis Business Journal’s 2022 Corporate Philanthropy Award

Anders CPA

??????? ???????Anders has been named a finalist for the 2022 Corporate Philanthropy & Innovation in Philanthropy Awards in the Midsize Company category by the St. Louis Business Journal.

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Deloitte opens DEI Institute

Accounting Today

Diversity and equality Practice management Deloitte Recruiting

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Transitioning To Employee Ownership: FREE On-Demand Webinar

Nancy McClelland, LLC

Yesterday I attended an excellent webinar on how two different small business owners transitioned ownership to their employees — one using an ESOP and one using a Worker Co-op structure.

Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses

Patriot Software

Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, today announced an exclusive partnership with Vestwell to offer 401(k) plans with seamless payroll integration.

6 Rules of Audit Room Etiquette

Going Concern

As workers return to the office, many auditors find themselves visiting client sites for the first time. Given the two-year in-person hiatus we’ve all just been through , even first-year seniors don’t know how to approach audit room protocols.

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IRS destroyed 30M paper information returns due to backlog

Accounting Today

E-filing Tax returns TIGTA IRS Tax

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

EIDL Rapid Portal Closes May 16 – Download Your Loan Docs NOW

Nancy McClelland, LLC

We learned this week that the EIDL is permanently closing their Rapid Portal on May 16th. What does this mean for you? If you haven’t already, download a copy of your EIDL loan agreement documents, and snap a screenshot of your loan number and save it to PDF for easy reference.

Types of Trusts

KROST

In the last article in our series , we covered the benefits a trust offers for creators and beneficiaries. In this article, we’ll dive into more detail about the types of trusts that can be established and the pros and cons. Types of Trusts. Revocable Trusts.

AccountingDepartment.com Chosen for 2022 Inc. Best Workplaces List

AccountingDepartment

It is our extreme honor and pleasure to announce that our company AccountingDepartment.com has been selected for inclusion in the 2022 Inc. Best Workplaces list. This award is truly the barometer of our success, and we are humbled to be recognized as a top workplace this year.

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Senate bill would deny tax breaks to cos. operating in Russia

Accounting Today

Corporate taxes International taxes Tax Ron Wyden Tax breaks

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

Things Are Getting Spicy Between PwC UK Employees and Lord Sugar

Going Concern

After being called “lazy gits” in a tweet last Friday by British businessman, entrepreneur, and TV show host Lord Alan Sugar, who reacted negatively to PwC UK announcing that it would allow employees to take Friday afternoons off from June to the end of August, we were curious to see if any PwCers across the pond would respond to Lord Sugar’s rant.

The Small Business Guide to Revenue vs. Profit

xendoo

When running a small business, you’ll want to track revenue and profit. What is revenue vs. profit? Is one metric more important than the other? . While revenue and profit measure your business’s financial performance in different ways, the two metrics are closely intertwined.

More Than You Think: The Cost of Employee Turnover

GrowthForceBlog

8 min read. The effects of the Great Resignation have left many companies in the lurch with productivity stymied while they struggle to fill open positions and smooth out operations while they function short-handed. Profitability & Growth

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IRS blasted for destroying millions of information returns

Accounting Today

Tax returns IRS Tax AICPA Charles Rettig

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.

Compensation Watch ’22: Big 4 Firm With the Most Negative Publicity In the U.K. Tries to Change All That By Giving Staff Raises of At Least £2,000

Going Concern

If you’re a regular visitor to this website, it shouldn’t be too hard to figure out which Big 4 firm we’re referring to: Carillion, loads of fines from the Financial Reporting Council, chairman’s rant leads to his resignation, Carillion, “unacceptable” bank audits, partners who are bullies, lawsuits, and layoffs. And did we mention Carillion?

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Gambling Loss Tax Deductions: No Luck Involved

CPA Practice

The IRS takes a broad view of what constitutes a gambling activity. This isn’t restricted to betting on the racetrack or dog track or high stakes at the casinos, although those count, too. It also encompasses lotteries, raffles, keno, poker games.

Tips To Stay Current on Your Bookkeeping

AccountingDepartment

You load up your Quickbooks file. It's back in January? But that was six months ago! Running a business takes a lot of time. It's easy to fall behind on things like bookkeeping. It's much worse if you're also falling behind on things like vendor payments and tax filings.

KPMG urges audit committees to be more active in cybersecurity

Accounting Today

Audit Cyber security Technology KPMG

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Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

Back In My Day, Accountants Had to Walk Uphill Both Ways In the Hot Sun to Get to Work, Says Crotchety Old British Guy

Going Concern

British businessman, entrepreneur, and media person Lord Alan Sugar thinks employees of the Queen’s PwC are a bunch of “lazy gits [that] make me sick” for being allowed to take Friday afternoons off this summer. This is a bloody joke. The lazy gits make me sick.

Overcoming Your Most Common Construction Business Time Waster

Randal DeHart

Every day you make financial decisions about your company, which affect how successful and sustainable your construction business is. If you're responsible for the bookkeeping and all the paper management (bills, receipts, estimates, invoices), you could be making errors that affect your decisions.

Salesforce B2B Commerce: Everything to Know

Accounting Seed

Salesforce B2B Commerce is among the most powerful and popular business tools on the market. Below, we define the features, benefits, and tips to make the platform work for you. Ecommerce as a sales channel has really picked up in the last decade.

Tax investigators identify potential $1B crypto Ponzi scheme

Accounting Today

Tax crimes International taxes IRS Tax Cryptocurrencies

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Airbase Presents: Off the Ledger LIVE! — Small Teams. Big Impact.

Speaker: Panel Speakers

Airbase invites you to virtually join our inaugural one-day conference inspired by, and in support of, Off the Ledger — a Slack community of over 3,300 finance and accounting professionals. Learn how your finance teams, big or small, can have the greatest impact.