Sat.May 28, 2022 - Fri.Jun 03, 2022

Rising Interest Rates’ Impact on Accounts Receivable

Lockstep

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years.

Crypto crater prompts new tax headaches

Accounting Today

EY Crowe Tax KPMG Cryptocurrencies

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How Long to Keep Important Financial Records

MazumaBusinessAccounting

Have you ever wondered how long to keep important financial records such as receipts, bank statements, and credit card bills? You’re not alone!

Valuable Gifts to Charity May Require an Appraisal

RogerRossmeisl

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions.

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!

What is a Startup CFO’s Role in Fundraising?

BurklandAssociates

Even in a down market, 2022 has the potential to be a solid year for fundraising for startups with a sizable market opportunity, proven product-market fit, and solid metrics. As Read More. The post What is a Startup CFO’s Role in Fundraising? appeared first on Burkland.

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Crowdfunding complexities may produce tax surprises

Accounting Today

Tax planning Tax Tax regulations

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More Trending

How to Qualify for – and Keep – Cyber Insurance Coverage

RogerRossmeisl

These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. According to the U.S. Government Accountability Office, the proportion of businesses adding cyber coverage increased from 26% in 2016 to 47% in 2020.

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The Top 18 Accounting Questions You Didn’t Know You Had [Answered]

Patriot Software

You don’t know what you don’t know. This phrase couldn’t be more true, especially when it comes to taking up your business’s accounting. After all, it’s a technical and complex subject.

IRS tries to boost audit rates of wealthy

Accounting Today

Tax audits IRS Tax Tax research

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Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true.

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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.

Taking a Red Pen to Financials for Valuation Purposes

RogerRossmeisl

Financial statements are an important source of data for valuing a business. But they tell only part of the story. An accurate business valuation hinges on a comprehensive understanding of the subject company’s relative performance and its future earnings power.

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Management Fees, It’s Time To Review

KROST

Restaurant companies with multiple units often collect management fees from the unit level to fund C-Suite management operations. The purpose of a management fee can be different for various companies.

EY considers splitting off audit firm

Accounting Today

Audit EY International accounting Audits

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When Is the Right Time to Leave Public Accounting?

Going Concern

When I started in public accounting, one of the audit partner s I worked with shared the elevator metaphor: working in public accounting is like riding an elevator—the longer you stay on, the higher up you will go. When should you leave?

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.

Want to Turn a Hobby into a Business? Watch Out for the Tax Rules

RogerRossmeisl

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is profitable. But what if the new enterprise consistently generates losses (your deductions exceed income) and you claim them on your tax return?

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Interested in a Full Charge Bookkeeping Role? Read This 

Patriot Software

Ready to move beyond bookkeeping into a slightly more complex role? If so, you might consider full charge bookkeeping. But, what exactly does a full charge bookkeeper do?

IRS levy prevails over decedent’s children’s interest in estate

Accounting Today

IRS Tax Estate taxes Tax-related court cases

Young People Want to Return to the Office Says Old Guy Who’s Never Spoken to a Young Person

Going Concern

EY Global Chairman and CEO Carmine Di Sibio is out here making some wild claims, namely that EY’s 20-somethings are eager to get back to the office.

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.

Autonomous Ride-Hailing Will Displace Industry Incumbents

RogerRossmeisl

As posted to the ARK Invest YouTube Channel on 5/19/22 (Run Time: 16 min, 20 sec) ARK Invest believes that autonomous ride-hailing will reduce the cost of mobility to one-eighth the average cost of ride-hail today, spurring widespread adoption and unleashing unprecedented economic productivity.

What is a strategic partnership?

Basic 365

There are many things business owners need to do. Trying to figure out how to grow their business is often one of their most difficult tasks. However, there are ways to increase your business's success without adding a department or investing in research and development.

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Tech News: Intuit recognizes Small Business Heroes

Accounting Today

Technology Intuit Integrations Paychex

7 Ways Traditional FP&A is Being Challenged by Data

Anders CPA

Data-driven decision making. It’s trending but it’s not trendy, and it’s certainly not going away.

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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.

Tax Considerations When Adding a New Partner at Your Business

RogerRossmeisl

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new partner will acquire a one-third interest in the partnership by making a cash contribution to it.

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Small Business Accounting Tips: How to Improve Your Workflows

Accounting Seed

Business workflows are like computer code for people. They direct you and your team with steps to carry out particular tasks. Good accounting workflows turn bookkeeping into a routine task that doesn’t require consistent re-planning and thought.

Kepczyk: AI’s effectiveness will depend on what we teach it

Accounting Today

Artificial intelligence Technology RPA Hardware and software

Bad Business Practices In Construction Bookkeeping

Randal DeHart

One of the biggest challenges construction company owners like you have with an in-house bookkeeper is training them to work for your best interest, not theirs, and deliver consistent results and the reports you can trust daily, year after year.

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.

Valuing Non-Compete Agreements in Business Combinations

RogerRossmeisl

Purchase price allocations are an important part of negotiating a successful M&A transaction. The value of most assets — such as receivables, inventory and equipment — may be fairly straightforward. But the value of non-compete agreements is often a sticking point.

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Taxation of Next-Gen Fuels is Coming

CPA Practice

Current events seem to be pushing us toward a future that’s fueled by something other than traditional petroleum-based hydrocarbons.

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IRS looks for deputy chief taxpayer experience officer, contact reps

Accounting Today

Income taxes IRS Tax

How to Manage Cash Flow in a Nonprofit

GrowthForceBlog

10 min read. You probably knew you were signing up for a difficult job when you first got involved with your nonprofit. However, you might not have realized just how much of the job of running a nonprofit is actually comprised of money management. Nonprofit Accounting & Reporting

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.