CFOs feeling gloomier about economy in Q3
Accounting Today
AUGUST 29, 2022
RogerRossmeisl
AUGUST 28, 2022
Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not available to C corporations or their shareholders.
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KROST
AUGUST 30, 2022
A Spousal Lifetime Access Trust (SLAT) is a trust established between spouses. Essentially, one spouse gives the other spouse assets in an amount that uses up the unused Federal Estate Tax Exemption. The trust of one spouse must be materially different from the trust of the other spouse. The reciprocal trust doctrine allows the IRS Read the full article.
Summit CPA
AUGUST 31, 2022
When is the best time to fix the roof? Before the rain, right? Well, the same is true of your business. Your business needs a CFO before the figurative rain. And where do you look to check for rain? A forecast. That is exactly what a Virtual CFO (VCFO) provides to your business. Using advisory services and a forecast, they make sure your business can weather any storm.
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.
Ryan Lazanis
SEPTEMBER 1, 2022
As you grow and develop your own firm, mistakes will inevitably happen. That’s why in this podcast episode, I will share with you the 5 things I wish I would have done differently to help make your life easier during your firm-building journey. Listen Below. 0:55 – The first thing I would have done differently would have been to delegate more. 1:43 – So many firm owners I see are involved with all areas of the business when in actuality they can hire and delegate. 2:09 –
IgniteSpot
AUGUST 29, 2022
What Is a Virtual CFO? You’re probably familiar with the role of chief financial officer (CFO), but your company doesn’t have one. yet. CFOs are usually high-level business executives, commanding high salaries to match. But small- and medium-sized businesses like yours might not be ready for that. Virtual CFO services provide an alternative to in-house financial expertise as you continue to scale.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
SEPTEMBER 1, 2022
This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. The following is a list of 3 things you need to know to get started in understanding your economic nexus footprint. 1.
BurklandAssociates
AUGUST 30, 2022
The best fractional CFOs for startups are trusted partners, excellent collaborators and communicators, and add exponential value. The post 5 Qualities of the Best Fractional CFOs for Startups appeared first on Burkland.
Snyder
AUGUST 29, 2022
Why is the Reconciliation feature so important? Reconciliation is the process of identifying and correcting accounting mistakes, omissions, or inconsistencies in financial records. It’s a process that every company must go through to ensure their books are balanced and accurate. Having an organized reconciliation system can save you time and money by reducing manual intervention and minimizing the risk of error.
RogerRossmeisl
AUGUST 28, 2022
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age, you must start taking required minimum distributions from your traditional IRAs to avoid a different tax penalty.
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.
TaxConnex
AUGUST 30, 2022
Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps. A mobile application, or app, is a program or software application to run on a mobile device.
Accounting Today
SEPTEMBER 1, 2022
MyIRSRelief
SEPTEMBER 1, 2022
Although the 2022 Inflation Reduction Act (IRA) was touted as being a bill designed to reduce inflation, it carries with it considerably more baggage. In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited.
RogerRossmeisl
AUGUST 28, 2022
Within a relatively short period, corporate environmental, social and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a more unified business imperative. This is largely because investors, employees, customers and other stakeholders have demanded it. But as companies ramp up ESG spending and require executives to meet ESG objectives, the likelihood of fraud also increases.
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
Patriot Software
AUGUST 31, 2022
If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […] READ MORE.
Intuitive Accountant
AUGUST 30, 2022
If you've ever listened to business radio very long, you most likely have heard ads for Patriot Payroll. Along with payroll and integration with QuickBooks and QuickBooks Time, it offers time-keeping and HR.
Xero
SEPTEMBER 1, 2022
One of the greatest challenges for small businesses is accessing capital when they need it most. My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. So I was excited to host a panel discussion at Xerocon London with three experts to understand how small businesses can feel supported on their finance journey. .
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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 close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Patriot Software
SEPTEMBER 1, 2022
Do you know how to hire employees? What all goes into the hiring process? For starters … a lot. Too much for one regular article to cover, which is why I’ve written this mega article. After over 30 years of trial and error, I know how to avoid hiring losers. So, I’ve wrapped up my […] READ MORE.
Intuitive Accountant
SEPTEMBER 1, 2022
WholesalePayroll is a different way to think about payroll. It's a product you can brand with your own identity, even a solution you can embed—an opportunity you should consider exploring.
Xero
SEPTEMBER 1, 2022
It was great to showcase our plans for new tools and features at Xerocon New Orleans last month. While we were busy connecting with our partners, Xero teams around the world were enhancing the features on our platform. Here’s an overview of the features we’ve released in the past month, and those that are coming soon. New features. Find the right document pack more easily — Global.
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Patriot Software
AUGUST 30, 2022
Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise. Employee raise expectations and employer plans are out of sync. Our free […] READ MORE.
Intuitive Accountant
AUGUST 28, 2022
Today is history in the making as America returns to the Moon. Artemis I is scheduled to lift off from NASA's Kennedy Space Center at 8:33 a.m. (EST). Destination: The Moon.
Xero
AUGUST 31, 2022
With less than one week to go until Xerocon Sydney, the stage is almost set for the world’s most beautiful and innovative cloud accounting conference of 2022. We’ve organised a stellar lineup across the two days, filled with keynote speakers, thought-provoking panels, and educational breakouts – not to mention an unmissable 80s themed wrap party at the iconic Luna Park. .
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
Patriot Software
SEPTEMBER 2, 2022
Layoffs are sweeping the USA, impacting workers at companies like Shopify, Tesla, and Peloton. At some point, you may need to lay off employees in your small business, too. Although not an easy choice, laying off a worker or workers is sometimes necessary to promote growth and development or prevent small business bankruptcy. Read on […] READ MORE.
Intuitive Accountant
SEPTEMBER 1, 2022
Since you are your clients’ trusted advisor, you should continually remind them that the best way to avoid being unprepared is to get ready. Insightful Accountant Publisher Gary DeHart explains why.
AccountingDepartment
SEPTEMBER 1, 2022
In the months or years since you first became a business owner, how many times have you been told you need bookkeeping services? How many times have you quietly wondered to yourself if there isn't a better, easier, or more efficient way to manage your accounting? If you’re like most business owners, the answer is probably, “A lot.” From the time you first opened your doors and collected your very first dollar, advisors, partners, and other well-meaning associates have undoubtedly weighed in and
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.
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