Sat.Apr 30, 2022 - Fri.May 06, 2022

Three More Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health.

Top Reasons to Change an Outsourced Sales Tax Provider

TaxConnex

F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship.

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Ways Your Business Can Accelerate Taxable Income and Defer Deductions?

RogerRossmeisl

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates.

Accountants work on improving diversity

Accounting Today

Diversity and equality IFAC Accounting Corporate ethics IMA

The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

In this webinar Spencer Falbo, Principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes thereby making your job as an accountant more efficient.

Designing the Ideal Team Structure: 6 Underlying Principles

PANALITIX

RESOURCES / ARTICLES. Designing the Ideal Team Structure: 6 Underlying Principles. Many Accountants struggle to stay on top of their work, especially during peak seasons. This can lead to unhappy clients and frustrated teams – a deadly combination. Longer term, there’s fatigue and despondency. .

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Tax Rules of Renting out a Vacation Property

RogerRossmeisl

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use.

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How Much Money Should My Startup Raise at Series A?

BurklandAssociates

Raise enough money to cover 18-24 months of runway based on your growth plans after the round while preserving as much equity as possible. The post How Much Money Should My Startup Raise at Series A? appeared first on Burkland. Accounting CFO Insights Financial Modeling Fundraising SaaS

Why you shouldn’t miss this year’s biggest accounting industry event!

Accounting Insight

After two years of cancelled, postponed and virtual events, like everyone else, we are thrilled that in-person exhibitions and trade shows are back this summer.

More taxpayers can claim additional CTC and health coverage subsidies

Accounting Today

Tax credits Obamacare 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.

What to Do When Your Identity is Used to File a Fraudulent Tax Return

RogerRossmeisl

In Fact Sheet 2022-25, the IRS has provided information about how taxpayers should handle non-tax and tax-related identity theft. When a taxpayer believes their personal information is being used to file fraudulent tax returns, they should submit a Form 14039, Identity Theft Affidavit, to the IRS.

St. Louis Inno Partnership: When is a Fractional CFO Right for You?

Anders CPA

Startups and entrepreneurs that are not in a financial place or at a level of complexity that would require a full-time CFO could benefit from a fractional, or outsourced, CFO.

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Cash Stuffing

Dent Moses

When I was a kid, my grandparents kept several envelopes of cash in a desk drawer. It was their budgeting system and when money would come in it was allocated between various upcoming expenses each in a different envelope. It was very quaint, but I never recall them expressing any stress about money.

Most Implementable Accounting Practice Management Software | Canopy

Canopy Accounting

Loved by our customers. And loved by our customers’ customers. Canopy is building a better (and always improving) accounting practice management software platform for the accounting industry. We’ve been working hard and listening to feedback. And it looks like our clients have noticed.

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.

Looking Beyond the Financials for Clues to a Business’s Value

RogerRossmeisl

An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value.

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PSA: Telling Prometric Proctors To Go F*ck Themselves Will Probably Get You Kicked Out of the CPA Exam

Going Concern

Last week I wrote about the current Prometric mask rule as of May 2022 which in essence says you don’t have to wear a mask at the testing center but you can if you want to.

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FASB chair: Demand high for digital assets project

Accounting Today

FASB Digital currencies Technology Cryptocurrencies

How to Attract Talent in Great Resignation | Canopy

Canopy Accounting

The “Great Resignation.” We’ve heard a lot about it over the past 12 months or so, but data from the U.S. Bureau of Labor Statistics reveals that the average quit rate has actually been increasing every year since 2009. Industry News

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.

Why CPA Firms Need a Top-Notch Website

CPA Practice

In today’s world, where everything and anything can be found on the internet, even if your current clients are talking up your firm to their friends and colleagues, chances are that before those prospects shoot you an email or pick up the. Firm Management

Top Tips To Find A Good Accountant For Your Business

AccountingDepartment

From one-man-teams to small and medium-sized businesses, accounting services are now a mandatory requirement of operations. But you probably don't need to hire an accountant or bookkeeper internally; you just need a trustworthy professional to work with.

Top Automation Trends For Nonprofits in 2022

GrowthForceBlog

10 min read. When you're running a nonprofit, you're supporting a cause that's near and dear to you and your community. Naturally, you put your heart and soul into everything you do on behalf of the nonprofit.

Customer Relationship Management Software for Skagit County Businesses

SkagitCountyTaxServices

Apparently, it is National Small Business Week.

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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.

Startups – What’s your burn rate?

Shay CPA

It might be time to update the old adage. Maybe it’s not cash that’s king, but cash flow. One study conducted by U.S. Bank concluded that 82% of business failures can be chalked up to bad cash management. . When your startup’s in its early days, it probably isn’t turning a profit.

And That’s 10, Folks! Maryland Paid Family Leave Signed Into Law

Patriot Software

Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you. You must make payroll changes and provide written notices to your employees.

How Professional Service Automation Can Increase Profitability

AccountingDepartment

Professional service automation is taking the business world by storm. This process is where procedures and tasks are automated through a software application. Service-oriented businesses, project managers, consultants, and many more are using this process.

Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill

Withum

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses.

Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.

Key Tax Rules for Deducting Mortgage Interest

CPA Practice

Among numerous other changes, the Tax Cuts and Jobs Act (TCJA) chipped away at several tax breaks for individuals, including the deduction for mortgage interest. But the fall-out isn’t as bad as it first seems. Most taxpayers can continue to deduct.

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In the Trenches: My Three Least Favorite Audit Rooms

Going Concern

Audit rooms come in all shapes and sizes—usually small, often windowless, sometimes with chairs you can actually sit on, and almost always as far away from the finance/accounting department as possible. After eight years in public accounting, I have loads of unforgettable audit room experiences.

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Jam Tomorrow – When will the ‘Audit of the Future’ Arrive?

Accounting Insight

The accountancy and audit industries have been buzzing for decades around the prospect of the audit of the future.

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