GrowthForceBlog
AUGUST 12, 2024
8 min read August 12th, 2024 Most business owners are familiar with two reasons why their businesses need a bookkeeping and accounting function, compliance and taxes. While these are important functions of a back office, your back office has the potential to offer so much more to your business like improving its overall operation, efficiency, productivity, and profits.
AccountingDepartment
AUGUST 14, 2024
In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.
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Accounting Today
AUGUST 12, 2024
Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.
Going Concern
AUGUST 12, 2024
Just as we’ve started seeing a handful of interns saying they haven’t received offers from the firm they interned at, this pops up on Xitter: Source: National Association of Colleges and Employers 2024 Internship & Co-op report These figures come from NACE’s 2024 Internship & Co-op report and include responses from 283 organizations, not strictly public accounting.
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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
Accounting Today
AUGUST 15, 2024
Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.
RogerRossmeisl
AUGUST 11, 2024
Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It depends on the type of disability benefit and your overall income. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s taxable to you just as your ordinary salary would be.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
AUGUST 13, 2024
In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss ways to optimize the benefits of outsourcing your accounting operations. Host Craig Hunter, a Director in the Government Contracting Industry practice, is joined by Mike Cippel, Managing Director, and Directors Irwin Kaplin and Jonathan Reid. Tune in to learn more about: Deciding if outsourced accounting is your best option Uncovering the benefits of using an outsourcing firm Optimizing the working relationship with a
Ryan Lazanis
AUGUST 14, 2024
Do you know what actually impacts your firm’s value? Discover the 5 key factors buyers consider when determining your firm's worth. The post The 5 Biggest Factors Impacting Your Firm’s Valuation (In Order) appeared first on Future Firm.
Accounting Today
AUGUST 13, 2024
When a CPA transitions from individual contributor to leader of many people, his or her technical skills alone will not be enough to drive results.
Accounting Today
AUGUST 14, 2024
The CPA certification is the third-most valued credential for CFO roles, according to a report by the Pennsylvania Institute of CPAs.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
Patriot Software
AUGUST 14, 2024
HR compliance can be a nightmare for overwhelmed small business owners. You need buttoned-up HR processes to avoid compliance-related penalties and lawsuits. This takes time—a commodity most business owners don’t have. Is it possible to streamline your HR processes to stay compliant with federal, state, and local regulations? Yes.
TaxConnex
AUGUST 15, 2024
General tax laws are strange. Maybe sales tax laws make more sense? You can be the judge of that. In Florida, you can get a tax break for displaying a cow on your property. You can get a big tax break in New Mexico if you just live to 100. Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes. Some taxes are used to benefit specific groups.
RogerRossmeisl
AUGUST 11, 2024
Savings bonds are purchased by many Americans, often as a way to help fund college or show their patriotism. Series EE bonds, which replaced Series E bonds, were first issued in 1980. From 2001 to 2011, they were designated as “Patriot Bonds” as a way for Americans “to express support for our nation’s anti-terrorism efforts,” according to the U.S. Treasury Department.
BurklandAssociates
AUGUST 13, 2024
Demonstrate a clear grasp of these metrics, and you’re well on your way to building investor confidence and securing capital to fuel your SaaS startup’s growth. The post The SaaS Founder’s Guide to Seed Stage Fundraising Metrics appeared first on Burkland.
Speaker: Gerald Ratigan
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
Patriot Software
AUGUST 13, 2024
Is creating, updating, and keeping a compliant company handbook stressful? Drafting a federal- and state-compliant handbook is daunting for many business owners and HR professionals. It can take weeks of research, writing, formatting, and editing. But it doesn’t have to. An employee handbook builder can streamline the process.
Accounting Today
AUGUST 15, 2024
The timing came months before the reports have been released in recent years thanks to ongoing efforts to accelerate the release of reports.
RogerRossmeisl
AUGUST 11, 2024
Regardless of their size, businesses rely heavily on technology. Although your network and computer-related tools are essential to function, they’re also a potential liability because they can offer cybercriminals access to your company. To protect against this complex and ever-evolving threat, businesses must deploy a comprehensive cybersecurity program.
Withum
AUGUST 14, 2024
On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby. The relief provided in IR-2024-205 postpones various tax filing and payment deadlines that occurred beginning on August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina – the postponement period.
Speaker: Sean Yoder
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
CPA Practice
AUGUST 16, 2024
New research from global cloud-based small business platform Xero reveals a notable gap in financial literacy among U.S. small business owners. Despite 55% of small business owners rating their financial literacy as ‘high’, half (50%) actively face fiscal challenges in their business due to a lack of it; 15% of those respondents have not yet recovered.
Accounting Today
AUGUST 14, 2024
A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.
RogerRossmeisl
AUGUST 11, 2024
As appearing in IR-2024-203 Agency accelerates work on complex credit as more payments move into processing. Vigilance, monitoring continues on potentially improper claims On 8/8/24, the Internal Revenue Service announced additional actions to help small businesses and prevent improper payments in the Employee Retention Tax Credit program, including accelerating more payments and continuing compliance work on the complex pandemic-era credit that was flooded with claims following misleading mark
Going Concern
AUGUST 15, 2024
Well, at least it’s not Employee Retention Credits or PPP fraud. Courtesy Chicago’s WGN , the food service director for Harvey School District 152 in the southern burbs pleaded guilty last Friday to stealing $1.5 million of food — mostly chicken wings — under the cover of providing meals to students learning remotely at the height of COVID.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
CPA Practice
AUGUST 16, 2024
By Emily Bloch The Philadelphia Inquirer (TNS) Aug. 15—Social Security numbers and other personal information could be compromised following a massive data breach. The leaked data landed in the hands of a nefarious hacking group and is now for sale on the dark web, according to court documents. The hacking group, called USDoD, claims to have stolen the personal records of 2.9 billion people from a data company that specializes in background checks.
Accounting Today
AUGUST 13, 2024
A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.
RogerRossmeisl
AUGUST 11, 2024
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it. How we got here The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made extensive changes to small business taxes.
Going Concern
AUGUST 14, 2024
*this headline is obviously a joke. We have no way of knowing if Heier Weisbrot & Bernstein, LLC has a tax return backlog. Yet another accounting firm has reported a data breach, this time Heier Weisbrot & Bernstein of Gibbsboro, New Jersey and the details are a bit scarier than just bad actors caught digging around in the firm’s files.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
CPA Practice
AUGUST 14, 2024
Small business accounting technology maker Xero opened its annual Xerocon event in Nashville, Tennessee, on Wednesday, hosting more than 1,000 accounting professionals, financial advisors, and business consultants. Worldwide, the Xero platform has more than 4.2 million subscribers. During the morning’s keynote session, Xero CEO Sukhinder Singh Cassidy welcomed the attendees and then discussed the accomplishments the company has made in the last year with “resetting foundations, shaping aspiratio
Accounting Today
AUGUST 12, 2024
The Ben Affleck-starring sequel will continue the saga of lethal and brilliant small-town CPA Christian Wolff.
RogerRossmeisl
AUGUST 11, 2024
Meteorologists warn that the 2024 hurricane season could break records, possibly surpassing 2020, the worst hurricane season on record. Even if hurricanes aren’t a threat where your business operates, other natural disasters — such as floods, wildfires and tornadoes — could impact your normal operations. Interruptions from these disasters and other crises can cause significant financial losses.
Randal DeHart
AUGUST 16, 2024
Avoiding cash flow crises is crucial for the success and sustainability of your construction business. Managing cash flow is vital for small business owners. Poor cash flow management can create significant challenges even if your business is profitable. Cash is a fact; Profit is an opinion A cash crisis can be emotionally devastating and even kill your business.
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