Sat.Jul 23, 2022 - Fri.Jul 29, 2022

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Your Favorite Accountants in Pop Culture | Canopy

Canopy Accounting

Have you ever wondered how the rest of the world views your job? Entertainment can sometimes give us a peek through that window. Usually, when we want to plug into TV or movies, it’s to escape our daily lives. But, sometimes, it can be fun to watch shows about our lives, especially our work lives! There’s shows about doctors, lawyers, IT teams, journalists, government officials and a myriad of other professions.

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7 Indicators It's Time to Switch Sales Tax Compliance Providers

TaxConnex

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. By examining a handful of operational indicators, you can assess whether your provider is still the right fit for your business.

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Reduce SaaS Churn – Strategic Tips for Startups

BurklandAssociates

Reduce SaaS churn by fostering a culture that listens to customers and puts their needs at the center. Here are some specific tips to help. The post Reduce SaaS Churn – Strategic Tips for Startups appeared first on Burkland.

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IRS Begins Auditing the Employee Retention Credit

Withum

We all knew this day was coming, and it has finally arrived. Multiple businesses notified us this week that their claims for the employee retention credit (ERC) are being audited by the IRS. This does not mean that these businesses did anything wrong, or that they will end up owing money to the IRS; it just means that the IRS selected their ERC claims for review.

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How to Build the Ideal HR Team

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.

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How Independent Contractors Can Help Drive Business Growth

Intuitive Accountant

In today's changing workplace, many organizations are looking to complement their full-time staff with independent contractors to grow their business. WorkMarket's Bridget Quinn Kirchner explains how it works.

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Sales Tax Risk Mitigation: Your need-to-know guide

TaxConnex

Failure to comply with the applicable sales tax rules can have a devastating effect on a business, but they’re often overlooked because they’re considered “pass-through” as the business is responsible for collecting the applicable taxes which pass through the business and are subsequently turned over or paid to the states. While these pass-through taxes are not meant to create a financial burden on a business, failure to comply can create significant risk.

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More Trending

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Libraries Are More Than Just Books

Withum

I just attended a meeting at my local public library and coincidentally just finished reading a book about a library. Neither is what you might think it would be about. The Personal Librarian by Marie Benedict and Victoria Cristopher Murray was about the establishment of The Morgan Library, which is a major museum in the heart of Manhattan. It started out as the private library of J.P.

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App Partners of the Month: Xerocon London 2022 special edition

Xero

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. Xero recently hosted Xerocon London , one of the most anticipated events on the calendar for cloud accounting leaders.

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"Bank Letter Required" Message Opening QuickBooks Desktop

SchoolofBookkeeping

Nothing like waking up to a fire alarm, right?? Today when opening QB desktop, we were greeted with the above screenshot. Every company we opened gave the same message, even the ones that didn't have QB Payments. Googling the phone number didn't give much confidence. I called the number and it is indeed Intuit, but they were having higher than normal call volume.

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Monday Morning Accounting News Brief: EY Sucks at Auditing; Accounting Headaches; KPMG Partner Banned | 7.25.22

Going Concern

Some headlines to get you started on this fine Monday: KPMG partner banned from accounting after misleading regulator over Carillion. KPMG fined £14.4 million after the firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis. The spread of ESG labels into the $55 trillion market for short-term debt is creating new accounting challenges for those keeping track of how much good green fi

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Planning Your Restaurant's Path to Profitability

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.

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3 Ways to Organize Your Company’s Bookkeeping

IgniteSpot

1. Separate business and personal. Small businesses often mix business with pleasure. That means that as many as 27 percent keep it “simple” and use the same credit cards and bank accounts for business and personal use, according to one survey. While that may be convenient in the short term, the long-term outlook isn’t as good. In fact, it’s a bookkeeping nightmare for you or your virtual bookkeeping partner to separate where and how you spent your money at the end of the year—and you have to be

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Orange County Business Journal Names Withum a Best Place to Work

Withum

Orange County Business Journal named Withum as a 2022 Best Place to Work in Orange County. Ranking at #19 on the list of large companies, Withum’s Irvine office was praised for its unique office culture and fun team member perks. The list was designed to identify, recognize and honor the best places of employment in Orange County, California, benefiting the county’s economy, workforce and businesses.

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Save On Back To School Supplies During Missouri’s Tax Free Holiday August 5-7

Anders CPA

The Missouri Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Missouri, the tax-free holiday starts at 12:01 a.m. on Friday, August 5th and lasts through Sunday, August 7th. During this period, qualified purchases are exempt from sales tax. Be aware not all cities and counties in Missouri observe this holiday.

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The PCAOB Hasn’t Done a Lot With Audit Standards in the Last 20 Years But They’re Getting Around to It Now

Going Concern

From remarks delivered yesterday by PCAOB Chair Erica Y. Williams at a virtual event hosted by Council on Institutional Investors (CII) on the 20th anniversary of Sarbanes-Oxley and the establishment of the PCAOB: When the PCAOB was first getting off the ground in 2003, it adopted existing standards that had been set by the auditing profession on what was intended to be an interim basis.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Does Hiring a Business Associate to Conduct Electronic Health Plan Transactions Absolve a Health Plan of HIPAA Liability?

ThomsonReuters

QUESTION: We sponsor a self-insured health plan for our employees. A TPA handles day-to-day administration of the plan, including processing claims and making payments to health care providers. We understand that HIPAA establishes standards for electronic health care transactions. If the TPA fails to comply with those standards, is the plan potentially liable under HIPAA?

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Withum Earns 100 on Disability Equality Index® (DEI)

Withum

Withum is proud to share that Disability:IN, a global organization driving disability inclusion and equality in business, in partnership with the American Association of People with Disabilities (AAPD), awarded Withum a score of 100 on their annual index. The Disability Equality Index® (DEI) is the world’s most comprehensive benchmarking tool for the Fortune 1000 and Am Law 2001 to measure disability workplace inclusion.

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Building and leveraging a trusted support network as a business owner

Reckon

As a small business owner, it’s exceptionally common to become overwhelmed by the reality of an all-consuming professional life. To combat this stress, it’s important to conjure the ability to build a support network around yourself. Here at Reckon, we recently reached out to some of our customers to get a firmer handle on how real small business owners have created supportive mechanisms to help them manage the stress.

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Deloitte Has Calculated the Tangible and Intangible Value of the Roman Colosseum Because of Course They Did

Going Concern

Deloitte got their calculators out and put a dollar value on The Colosseum of Rome, the largest amphitheater built during the Roman Empire, the largest standing amphitheater in the world today , and top Italian tourist destination. Despite listening to Tiziano Ferro for 20 years, my Italian sucks so here’s Google’s translation of the newly released report : The Colosseum contributes 1.4 billion euros per year to the Italian economy (in terms of contribution to GDP) as a tourist-cultu

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Five things we learned from the Xerocon London breakout sessions

Xero

Xerocon London 2022 boasted everything from inspirational keynotes, to major product announcements , and fantastic guest speakers. But, most importantly, it offered us an opportunity to come together and reconnect with our amazing community. It’s time to take a breath and reflect on an awesome event. . With this in mind, we’ll take a look back and share some of our key learnings from the Xerocon London breakout sessions. .

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My Cotton Mill Work Ethic

Intuitive Accountant

Insightful Accountant Top 100 ProAdvisor Susan Pruskin explains how some valuable lessons from her upbringing are still helping her succeed today.

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A Holistic Approach to Diversity | Canopy

Canopy Accounting

Diversity and inclusion (D&I) efforts in many organizations are starting to lose momentum. The reasons vary widely—from narrowly defined strategies, unclear goals, or emphasizing training over systemic inequities. Since the death of George Floyd , companies have made meaningful strides in acknowledging the importance of and expressing a commitment to diversity and inclusion.

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A Senior Partner Who Has Probably Been Burned Out Since 1997 Gives Tips on Avoiding Burnout

Going Concern

Why do I feel like this screenshot is going to end up on r/thanksimcured ? via r/accounting. Now this may be blasphemy to say this around these parts but he’s mostly right. Exercise? Hell yeah, great for you. Healthy eating? Also great for you, those takeout dinners can really take a toll on your health. Passion projects? Super important to find fulfillment in the otherwise boring and meaningless modern human existence. #3 though. #3. #3 great sounds good on paper — or rather, typed

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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A Cutting Expenses How-to for Skagit County Businesses

SkagitCountyTaxServices

As a small business owner, you’re battling on a lot of different fronts right now. You’re doing your best to keep employees happy, raise prices without driving away customers, pivot to alternative supply options as your current ones dry up, adjust for changing tax laws, etc, etc, etc. We small business owners always seem to bear the brunt during economic downturns.

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Red Alert: Beware of Data Thieves

Intuitive Accountant

News coming from the recent special Security Summit series warns tax professionals to beware of evolving email, cloud-based schemes to steal taxpayer data. Check out the story on Tax Practice News.

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What Are Client Accounting Services and Do You Need Them?

AccountingDepartment

The answer to whether it’s the latest and greatest new trend is murky at best—providers certainly seem to be appending the term to their offerings more frequently. And the classic muddling of the definition and related expectations is occurring at warp speed as well. Many indicators point to another flash-in-the-pan buzzword to be adopted, and subsequently corrupted, by the sales and marketing brains of these service providers.

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Mass Exodus at KPMG or Just a Day Ending in Y?

Going Concern

Meanwhile, in the Asia-Pacific (India, we think)… Twelve years ago my esteemed former colleague Caleb Newquist got clowned for calling six resignations at KPMG NYC an exodus so we’ll refrain from warnings about skies falling down for now. The post Mass Exodus at KPMG or Just a Day Ending in Y? appeared first on Going Concern.

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Recruit and Retain New Blue-Collar Talent

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.

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A New Zealand Xero Awards winner shares why entering is definitely worth it

Xero

It’s time for the 2022 New Zealand Xero Awards, celebrating the accountants, bookkeepers, app partners and integrators who help Kiwi small businesses flourish. If you’ve been thinking of entering , you’ll love reading what Michael Parker, director of Crux Advice & Accounting has to say. Last year the Crux team won the Small Accounting Partner of the Year Award and they were also a finalist for the People’s Choice Award.

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Qvinci – A July 2022 Analytics/Report App Synopsis

Intuitive Accountant

When it comes to analytics, reporting, consolidation, data access and supporting data-centric professionals, Qvinci just keeps getting better. So, why would you not expect to see them in our July 2022 series?

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How Can SMEs Control Cloud Scale to Minimise Cost?

Accounting Insight

In the Cloud Industry Forum’s recent research paper The Transformational Impact of Cloud , there are many positive takeaways when it comes to UK companies’ progress and cloud adoption. 93% of respondents said that the cloud is important to their company’s digital transformation strategy, with 72% considering it either very important or critical. When it came to naming benefits, respondents cited greater business agility (52%), improved scalability (48%) and better business resilience (45%) as th

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Which Firm Had the Most IPO Audit Clients In Q2 2022?

Going Concern

After a slow first quarter of 2022 , initial public offerings didn ’t take off in the second quarter either. In fact, the 46 IPOs in Q2 was the fewest since the first quarter of 2020 (38), and the $5.3 billion raised by those 46 companies that went public was the smallest amount since the first quarter of 2016 ($2.9 billion), according to a new analysis from Audit Analytics.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.