Sat.Jan 07, 2023 - Fri.Jan 13, 2023

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Let’s Start the Year Off With Some Doomsaying Predictions For the Profession in 2023

Going Concern

2022 was not exactly a banner year for accounting but if you don’t count the collapse of FTX, it wasn’t terrible for public perception either. Oh wait, there was that whole EY cheating thing. And a big IRS raid tied to tax incentives. That’s it though right?

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How to Increase Efficiency in Your Tax Planning Business

CTP

A key to business growth is finding ways to get more done with less effort. Small business owners are often juggling so many tasks that they struggle to stay focused on what is adding the most value to the business.

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What Real Customers Have to Say About Online Bookkeeping and More

IgniteSpot

Understanding Online Bookkeeping Services. One of the simplest things you can do to get your finances organized is to hire a bookkeeper. Online bookkeeping services take care of the minutiae of recording financial records both correctly and on time. FEATURED CFO SERVICES

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Art of Accounting: Do your tax season retrospective now

Accounting Today

Practice management Ed Mendlowitz Tax preparation Tax practice Tax season

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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.

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What Attracts People To Your Firm?

RitaKeller

“Be thankful for problems. If they were less difficult, someone with less ability might have your job.” – Jim Lovell. I’m not talking about what attracts clients to your firm. I wonder what your people would say if you asked why they stay at your firm. Not a full-blown employee satisfaction survey like the best places to work surveys. I’ve never been convinced that these are always truthful. I mean a few simple questions as part of your stay interview initiative.

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7 Trends That Could Change the Workforce in 2023

GrowthForceBlog

7 min read. To say the least, the last several years have been tumultuous for businesses around the world. Key Takeaways.

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The Smartest Service Businesses in the Country Are Accounting Firms, Says Some Lawyer

Going Concern

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What You Need to Know for Tax Season 2023 | Canopy

Canopy Accounting

eBooks

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The Five Benefits Employees Want Most (Other Than Money) in 2023 According to ‘Experts’

Going Concern

The following article was in a recent CPA Letter Daily sandwiched between a JofA piece on how Latino CPAs found strength in numbers (pun intended?) through the ALPFA and BPM transformation officer Lindsay Stevenson talking about remote work and change fatigue on the JofA podcast.

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3rd Annual Sales Tax Market Research Survey Results Released!

TaxConnex

We have completed our third annual survey of top financial professionals on how they are managing sales tax.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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California Storm Victims Qualify for Extended Tax Filing Deadlines

RogerRossmeisl

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

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House Republicans aim to abolish IRS, replace income tax

Accounting Today

Income taxes Sales tax Biden Administration IRS Tax

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How Startups Can Make $1M Per Year Doing Nothing

BurklandAssociates

With interest rates up, startups should evaluate deploying capital they won’t need for a while into interest-bearing instruments. The post How Startups Can Make $1M Per Year Doing Nothing appeared first on Burkland. CFO Insights Financial Modeling Fintech Fundraising

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Sales tax and economic nexus in Puerto Rico

TaxConnex

Studies show that some 1.4 million people in the Commonwealth of Puerto Rico (more than a third of population) do their shopping online, with annual online purchases in the U.S. territory now at $458 million.

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10 Ways to Keep Your Hourly Employees

Getting and keeping hourly workers is no longer as simple as offering them more cash. Employees have options. But this guide from Paycor will help you put your best foot forward to recruit, retain, and develop hourly workers so you can remain competitive.

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Unpacking the Clean Vehicle Credits under IRA ’22

RogerRossmeisl

The Clean Vehicle Credit, brought to you by the Inflation Reduction Act of 2022 (IRA ’22), is the successor to the New Qualified Plug-in Electric Drive Motor Vehicle Credit.

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Tax season set to start Jan. 23

Accounting Today

Income taxes Tax preparation IRS Tax Tax season

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Remote Accountant Who Billed Too Many Hours Owes Her Former Firm $2700 For ‘Time Theft’

Going Concern

NPR has a strange story of a Canadian accountant and a firm with time tracking software installed on work laptops that should give remote workers pause before submitting their next time sheet.

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How to Improve Time Management in Your Tax Planning Business

CTP

As a business owner, how you view and allocate your time plays a major role in the success of your business. When your to-do list is unending and new tasks keep popping up left and right, you may find it difficult to intentionally plan out where you want to devote your time.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

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3 Minutes with Mark Wickersham

Accounting Insight

Kicking off our first ‘3 Minutes With’ of the year is Mark Wickersham – Accountex trail blazer, Chartered Accountant, public speaker and #1 best-selling author.

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House Republicans reintroduce bill to rescind IRS funding

Accounting Today

IRS Tax Finance, investment and tax-related legislation Tax laws

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Rumor: Guidehouse Laid Off a Bunch of Old Grant Thornton Partners After the Public Advisory Practice Merger

Going Concern

Back in August when it was announced that Guidehouse would be buying Grant Thornton’s public sector advisory practice , we wondered out loud if layoffs might be expected as they so often are in situations such as these.

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GOFUNDME RECEIPTS AND IRS RULES

CTP

Aside from contribution-only donations to established 501(c)(3) charities, the gift/non-gift distinction has always been rather subjective. For example, assume you give money to a children’s choir which then performs at your wedding. The financial value of that quid pro quo is subjective, at best.

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Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

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How Do You Start a Dropshipping Business? Start Dropshipping: A Beginner’s Guide

Snyder

More and more people are shopping online. What does it mean for small businesses? You guessed it! There are more opportunities today to start selling online successfully than ever before. Dropshipping is one of the options.

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House votes to strip IRS funds intended to catch tax cheats

Accounting Today

Tax audits IRS Tax Finance, investment and tax-related legislation Tax laws

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Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

Deloitte announced today that Anna Taylor — former tax and economic policy principal advisor to Senate Majority Leader Chuck Schumer (D-N.Y.) — has joined Deloitte’s Washington National Tax practice as the deputy managing principal of the Tax Policy Group.

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IRS Says 2023 Filing Season to Start on Jan. 23

CPA Practice

The 2023 tax-filing season will open on Jan. 23—the day in which the IRS will begin accepting and processing 2022 tax year returns, the agency said on Thursday.

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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.

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State W-2 Filing Deadlines [+ Chart]

Patriot Software

If you’ve had employees for a while, you know the drill. Every year, you must prepare and send Forms W-2 to the proper parties, which typically includes the state. For on-time reporting, you need to know your state W-2 filing deadlines.

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Melancon looks ahead to tax season challenges

Accounting Today

IRS Tax AICPA CPAs Tax season

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Grant Thornton’s 2021 PCAOB Inspection Report Wasn’t Too Bad

Going Concern

Of the six 2021 PCAOB inspection reports released before the holidays, we ’ve so far taken a look at five: PwC , Deloitte , EY, KPMG , and BDO USA. The last of the bunch belongs to Grant Thornton. We didn’t save the best for last, but it’s not that bad either.

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AICPA Says It Was Not Hacked, Refutes Report

CPA Practice

The AICPA said on Thursday that it was not the victim of a cyberattack, days after an article surfaced online stating that threat actors had bragged on an online forum that they compromised an AICPA database with more than 140,000 emails and corresponding passwords.

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!