TaxConnex
FEBRUARY 15, 2022
When is it worth getting a business problem off your plate? Businesses outsource tasks every day, from marketing to operations to finance. But is there more you should be outsourcing? Does it make sense to keep things in-house if you don’t have an expert on staff? A ccording to TaxConnex’s recent market survey of 100 top finance professionals, this could be the year to outsource sales tax.
AccountingDepartment
FEBRUARY 14, 2022
So you're interested in hiring a virtual bookkeeping company, but you're not sure how much making the switch will cost. When considering virtual bookkeeping, there are actually two costs to consider: the virtual bookkeeper and the accounting software. If you don't have online accounting software, you may need to acquire it alongside the virtual bookkeeping services.
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Acterys
FEBRUARY 16, 2022
For every organization, FP&A mandates professionals to have first-rate analytical thinking and numerical analysis skills to interpret financial data and produce insights surrounding business performance. However, crunching numbers and compiling insights is only the first part of the process. To paint the complete picture, they need to understand how those disjointed figures come together and put them in a cohesive narrative to effectively translate insights into game-changing decisions and r
BurklandAssociates
FEBRUARY 15, 2022
Summary: LTV, or Lifetime Value of a Customer, is the average total revenue one customer generates for your business over their lifetime. CAC, or Customer Acquisition Cost, is simply the Read More. The post What’s a Good LTV:CAC Ratio for a SaaS Startup? appeared first on Burkland.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
xendoo
FEBRUARY 15, 2022
If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. You might need help mitigating tax exposure and ensuring tax planning, charitable giving, and other complex tax needs.
ThomsonReuters
FEBRUARY 17, 2022
N.R. v. Raytheon Co., 2022 WL 278537 (1st Cir. 2022). Available at [link]. The minor beneficiary of an employer-sponsored group health plan, with his parents, sued the employer, the plan administrator, and the claims administrator, alleging that the plan’s exclusion of non-restorative speech therapy for autism spectrum disorder (ASD) violated the Mental Health Parity and Addiction Equity Act (MHPAEA).
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
GrowthForceBlog
FEBRUARY 16, 2022
3 min read. In 2020 alone, there were over 10,000 reports of human trafficking to the U.S National Human Trafficking Hotline - and these numbers are likely only a fraction of the actual data. [1]. To their detriment, human trafficking survivors are often left with serious mental or emotional health consequences such as depression, anxiety, and substance abuse.
ThomsonReuters
FEBRUARY 17, 2022
QUESTION: We’ve heard there is a requirement to report prescription drug and health care spending to the government in 2022. What are the reporting requirements and when are the reports due? ANSWER: Year-end legislation passed in 2020 requires group health plans and insurers to annually report prescription drug and health care spending, premiums, and enrollment information to the government (see our Checkpoint article ).
SkagitCountyTaxServices
FEBRUARY 17, 2022
Whether you’re partial to the Olympics or American football, this past week has brought some great athletic entertainment to many Skagit County homes and businesses. As we speak, the U.S. has managed to grab 16 medals – 7 of them gold. Among those gold medal winners is Erin Jackson , the first Black woman to win an Olympic medal in speedskating. And while he didn’t medal, Shaun White made his final snowboarding bow as he placed fourth in the halfpipe contest.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
GrowthForceBlog
FEBRUARY 18, 2022
7 min read. I t's only human to experience emotions like shame, frustration, embarrassment, and self-doubt when you make mistakes.
Withum
FEBRUARY 18, 2022
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Act”) was signed into law on December 27, 2020. As part of the Act, the Internal Revenue Service (“IRS”) created a 4% floor on tax-exempt bonds issued after December 31, 2020 to finance new or existing buildings. The floor also applies to non tax-exempt financed acquisitions and rehabs with credit allocations after 2020.
ThomsonReuters
FEBRUARY 15, 2022
The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. If you have ever tuned in to a business news channel, you have probably heard someone mention the Consumer Price Index at some point. Recently, the high rate of inflation is a topic of importance and concern. Inflation has risen 7% over the past year.
xendoo
FEBRUARY 16, 2022
Having a powerful online presence is crucial to the success of every small business. Not having an online presence makes it nearly impossible for people to discover a business when searching for products or services. A user-friendly website and active social media presence quickly connects brands with their ideal audience – whether locally, globally, or both!
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
RitaKeller
FEBRUARY 16, 2022
“Mature companies fail because they forget why they were born.” – Simon Sinek. When was your firm born? When did your one or two founding partners decide to leave another firm and form their own? What were they thinking? If your firm has been around for 90 years, when did your current oldest partner join the firm, and what was it like then?
Withum
FEBRUARY 15, 2022
As government contractors prepare to bid on a proposal for a governmental contract that requires an adequate accounting system, a pre-approval known as a “pre-award survey” (Form “SF1408”) assesses the adequacy of a government contractor’s accounting system prior to the award of a cost-reimbursable contract. A pre-award survey is necessary for contractors with cost-reimbursement contracts, or contractors receiving progress payments.
ThomsonReuters
FEBRUARY 18, 2022
Job fit is critical when hiring new accountants for your firm. The right accountant in the right role means a happy, engaged, and thriving employee. That is why matching candidates’ skills, experience, and attitudes to the job description and requirements is crucial. Another important factor to evaluate is organizational or cultural fit. A candidate may check all the boxes for the job, but what about that person’s standards, beliefs, and expectations?
Dent Moses
FEBRUARY 18, 2022
Perhaps it’s just a generational thing, but to be honest I don’t understand cryptocurrencies. I’ve read various articles and can spout off definitions of blockchain, bitcoin and a host of other cool tech-sounding words and phrases. It does make me feel a little better when I read what the IRS has published over the past couple of years on the subject.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Pooley Accounting Services
FEBRUARY 18, 2022
Financial advisors are continually recommending retirement plans to business owners. They often make that recommendation every tax year and wonder why the owners never do. When asked, about 40% of small business owners do not believe they have enough money to invest in a retirement plan for themselves or for their employees. Almost 75% believe that retirement plans are too expensive, and 61% lack the resources to administer a program.
Withum
FEBRUARY 15, 2022
The indoor cannabis growth market sector is experiencing unprecedented growth. New licenses are being awarded in multiple states, and the industry’s expansion is destined to become nationally accepted. As the industry expands, new license holders find themselves toe to toe with Multi State Operators (MSO) competing for market share. While many license holders have seen unparalleled success, others have struggled to make it out of the gate.
ThomsonReuters
FEBRUARY 14, 2022
Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. However, there are seven key factors to consider before posting your next job advertisement. 1. Company culture. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Take some time to understand your company culture, the environment of your office, and the types of people on your team.
Ronika Khanna CPA,CA
FEBRUARY 18, 2022
It is the time of year when everyone adult Canadian should be thinking about investing into their registered retirement savings plan (RRSP) prior to the deadline of March 1st. Many of you might think that you are young and have time or conversely that you are older and it’s too late. The truth is that it is never too early or late to start a RRSP. You simply need to set a goal and start doing it.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Simple Accounts
FEBRUARY 17, 2022
Imagine you’re shopping for a new washing machine and the cashier offers you a handwritten bill rather than a detailed invoice. Will you be satisfied with the shop? Will you ever visit the store again or recommend it to someone else? If you are the service provider, consider yourself a customer to work in a customer-friendly manner. Accounting automation aids in building a professional foundation for your company.
Withum
FEBRUARY 18, 2022
Download a PDF of this case study. Executive Summary. A growing financial exchange operator was dealing with siloed processes, multiple disparate systems and manual processes, which prevented the company from achieving the level of reporting they desired and created an inability to implement the expected level of controls. The client realized it was time to develop and align their growth and technology strategies.
5 Minute Bookkeeping
FEBRUARY 17, 2022
Are you feeling unsure about how to fill out Forms 1099-NEC and W-9? When the time of the year rolls around to prepare these forms, you might struggle to remember how exactly to go about it. In this article, I’ll explain how to fill out Forms 1099-NEC and W-9. Form 1099-NEC for Non-Employee Compensation. Non-employee compensation is reported in Box 1.
FraudFiles
FEBRUARY 17, 2022
Document management is critical in any fraud investigation. Larger cases mean more documents, so the process of managing them is even more important (and maybe more complicated). Part of the document management process is preserving original evidence so that it may someday be used in court. While an investigator often never knows if a case will ultimately end up in front of a judge, the most prudent way to handle evidence is to assume that you will be in court one day and to handle the evidence
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
ThomsonReuters
FEBRUARY 17, 2022
Form 8950 (Application for Voluntary Correction Program (VCP)) and Instructions (2022). Form 8950. Instructions. The IRS has revised Form 8950 (Application for Voluntary Correction Program (VCP)), and its instructions, to accommodate anonymous pre-submission conference requests under the Voluntary Correction Program (VCP) portion of the Employee Plans Compliance Resolution System (EPCRS).
Withum
FEBRUARY 18, 2022
Healthcare organizations of all sizes still rely on manual processes to get work done. From invoicing to moving data between systems, many practices still rely on paper and their human staff doing things the same old way. Manual processes are error-prone, time consuming, and generally inefficient. In this on-demand webinar, Dale Tuttle , Partner and Lead of Digital and Technology Transformation will investigate how new technologies are allowing all healthcare organizations to automate key busine
Summit CPA
FEBRUARY 16, 2022
Variable pay and executive compensation are both types of profit-sharing plans that your company can utilize. They allow employees to share in the financial successes of their respective companies during years of profitability. Therefore, this plan is still used to incentivize employees, encouraging them to work hard, be productive, and deliver quality results, as a way to aid in the financial growth of a company.
CalCPA
FEBRUARY 15, 2022
CalCPA is still seeking nominations for deserving women in your organization—but the nomination deadline is fast approaching. Our Women to Watch awards recognize. The post CalCPA BUZZ: Last Chance to Nominate Women to Watch appeared first on Hot Topics.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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