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

article thumbnail

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? IDK, if I missed something big let me know. Point is things could be worse.

cpa 94
article thumbnail

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. In theory, you may know that you need to hire help, delegate tasks, and build out processes and automation to handle lower value work. However, when you’re staring down a massive to-do list, taking that first step can feel like scaling a mountain—where do you even start?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

Art of Accounting: Do your tax season retrospective now

Accounting Today

tax 98
article thumbnail

Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

article thumbnail

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. Trends That Could Change Your Business in 2023 - Hybrid and Remote Work: If you want to hold onto your employees and attract top-quality candidates in 2023, then it might be necessary to transition to a hybrid office model…. Trends That Could Change Your Business in 2023 - Retention Through Cross-Training, Collaboration: With upskilling, career development, and on-the-job tra

70
article thumbnail

How to Price Your Bookkeeping

Insightful Accountant

If you haven't booked your spot yet, now is the time to join Mark Wickersham presents 'The Profitable Bookkeeping Conference 2023.

More Trending

article thumbnail

What You Need to Know for Tax Season 2023 | Canopy

Canopy Accounting

tax 52
article thumbnail

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. Like many articles in this vein, this Bloomberg piece encourages employers to think beyond salary when thinking about talent.

article thumbnail

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). This means that individuals and households that reside or have a business in Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Men

article thumbnail

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. This year’s results reveal a perfect storm is brewing for financial leaders who continue to depend on internal resources even though expertise and bandwidth is lacking while companies struggle with the current economic climate, rising inflation, and a tight job market.

Sales 186
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

article thumbnail

Invoice Automation: What you need to know.

Airbase

Invoice automation is the process of automating the creation, management, and processing of invoices. The goal of invoice automation is to streamline and automate the invoice process, reducing the time and resources required to manage invoices manually. Benefits of invoice automation. There are several benefits to using invoice automation software, including: Increased efficiency.

article thumbnail

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.

130
130
article thumbnail

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. The credit generally applies to vehicles having >4 wheels that are placed in service from 1/1/2023 – 12/31/2032. This post is broken down into the following sections: Credits for New Clean Vehicles Purchased in 2023 or After Credits for New Plug-in EVs Purchased before 2023 Used Clean Vehicle Credit Commerci

cpa 241
article thumbnail

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. The size of the average online transaction in Puerto Rico has almost tripled in the past six years. It’s a fair bet, then, that sooner or later you’re going to be selling online into Puerto Rico, which has a sales tax.

Sales 130
article thumbnail

No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

article thumbnail

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. The IRS said it is expecting more than 168 million individual tax returns to be filed this year, with the majority of those returns coming before the April 18 tax deadline. Taxpayers have three extra days to file in 2023 due to the calendar.

article thumbnail

IRS Announces Tax Relief for California Taxpayers Affected by Winter Storms

Withum

The IRS announced comprehensive tax relief provisions for taxpayers affected by California’s winter storms. These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. Relief provisions include: Quarterly estimated tax payments due on January 17, 2023 and April 18, 2023; Business tax returns due March 15, 2023 and April 18, 2023; Personal income tax returns due April 18, 2023; Payroll tax returns due January 31, 2023 and April 30, 2023.

article thumbnail

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. NPR: When Canadian accountant Karlee Besse was fired for being unproductive at her job, she found herself up against not only her former employer, but its time-tracking software, too.

account 111
article thumbnail

Meet the Top 7 FP&A Trends for 2023

Insightful Accountant

As financial planning and analysis continues to evolve, keeping up with the trends is critical. Jedox CFO Dr. Björn Schmidt dishes on the top trends for you to watch this year.

105
105
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. 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 vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

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. The website Cybernews wrote on Tuesday that cyberthieves had attached samples of the data on the online forum as proof of legitimacy.

cpa 132
article thumbnail

Withum’s State of the Firm 2023: Celebrating Our People and Next Chapter

Withum

January 11, 2023– Withum, a leading advisory and accounting firm, held its annual State of the Firm event on January 10. The event brought team members together in one location from across the globe and also offered a streamed presentation for virtual attendance. This annual meeting was the first Firm event to feature new Managing Partner and CEO Pat Walsh following his transition to the role on January 1.

cpa 111
article thumbnail

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. However, upgrading your use of time can be just the key to unlock greater business growth and personal satisfaction in your work.

article thumbnail

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. First, let’s do a quick refresher on the acquisition as reported in August: A tipster reached out to us this morning to let us know the rumor mill is churning over Guidehouse potentially picking up GTPS.

article thumbnail

Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

article thumbnail

What Clients Want vs. What Many Firms are Delivering

CPA Practice

By Chris Farrell, CPA. Most practitioners pride themselves on delivering accurate, complete, and timely information to clients, and engaging with them in a friendly and focused way. This earns repeat business and referrals, because compared to a firm who does not deliver in a reliable manner and who might not be as friendly, the positive and timely firm always wins.

cpa 124
article thumbnail

Premier Sports Network Adds Withum as Player Care Partner for Accounting Services

Withum

Premier Sports Network is proud to announce its new agreement with Withum, a Top 25 national accounting firm with expertise in professional athlete accounts. Withum is a forward-thinking, technology-driven advisory and accounting firm committed to helping clients be more profitable, efficient and productive in the modern business environment. Based in the United States and an independent member of HLB International, the global advisory and accounting network, Withum serves businesses and individ

Sports 105
article thumbnail

NetSuite for the New Year

Insightful Accountant

Are you thinking, 'There must be one solution that can be configured to fit all your needs?' You might be right, and the New Year might be the perfect time to switch.

NetSuite 102
article thumbnail

Why A Business Should Outsource its Bookkeeping

Basis 365

Owners and employees spend a lot of time running a small business. While dealing with vendors and customers daily, you must also adhere to the company's goals. Whether you offer products or services, administrative and accounting tasks can be tedious and time-consuming. Small businesses can outsource bookkeeping services if they need help managing their finances.

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

article thumbnail

Q1 Quarterly Estimated Tax Payments Due Jan. 17, 2023

CPA Practice

Fourth quarter 2022 estimated tax payments are due on or before January 17, 2023. Many taxpayers, especially the self-employed, are required to make quarterly estimated tax payments during the year, and others do so voluntarily to stay current on their taxes. Quarterly payments are generally due by the 15th of January, April, June and September. January 15 falls on a weekend this year, and January 16 is a holiday observing Martin Luther King, Jr.

tax 98
article thumbnail

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. He is known for helping accounting firms double their profits in less than 18 months without having to work harder or do any uncomfortable marketing. In May 2011 his first book, “Effective Pricing for Accountants”, was a number 1 Amazon bestseller. 1.

article thumbnail

Two New Top 100 ProAdvisor Categorical Awards Being Added for 2023

Insightful Accountant

Top 100 candidates will see the addition to two new 'categorical awards' for 2023 to help bolster the recognition of ProAdvisor specialization. There will be new awards for QuickBooks Online Advanced and QuickBooks Desktop Enterprise.

article thumbnail

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. This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How does it work?

article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.