Going Concern

DECEMBER 2, 2022

It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for p**s-poor audit work performed by skeleton crews. So, any day now. I’m sharing this r/accounting post so six months from now we can look back on it and fondly remember a time when it seemed desperate for partners to be out combing the LinkedIn meat market for talent leads.

accounting firms 116

accounting firms Account accounted accountant 116

RogerRossmeisl

NOVEMBER 13, 2022

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s inflation-adjusted tax amounts for several provisions. Some highlights Standard deduction.

Tax 234

Tax income tax CPA 234

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.

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South Dakota Mississippi Iowa Sales 246

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

As the profession undergoes digital transformation, traditional roles and activities of accountants must change and transform, as well.

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Account accounted accountant 246

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.

Finance

VetCPA

SEPTEMBER 8, 2022

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Read on to see if you’re making any of these mistakes and how to avoid them in the future. 1. You don’t take bookkeeping as seriously as you should. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business.

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small business accounting business accounting bookkeeping Account 130

RogerRossmeisl

NOVEMBER 13, 2022

When new technologies emerge, it can take time for the general public to learn how they work. Non-fungible tokens, or NFTs, first appeared in 2014, yet many people are still confused about what they are and how to buy and store them. This gives criminals who understand the technology an advantage. In addition to money laundering, tax evasion and terrorist funding, NFTs are being used to commit fraud and steal from unsuspecting asset buyers.

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Sports CPA Tax Technology 246

Accounting Today

NOVEMBER 23, 2022

cpas 119

cpas 119

Going Concern

DECEMBER 7, 2022

For a good decade we’ve heard about the robots that are going to render accountants obsolete, now we finally get a peek at the glorious technology that will transform the industry as we know it. You should prepare yourself, this advanced technology will have you on the University of Phoenix website ASAP to get a jump on the Master’s of Tik Tok degree you’ll need if you have any hope of being employed in the next five years.

Account 119

Account accounted accountant accounts jobs 119

RogerRossmeisl

AUGUST 23, 2022

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children. While some tax savings are available through this approach, the “kiddie tax” rules impose substantial limitations if: The child hasn’t reached age 18 before the close of the tax year, or The child’s earned income doesn’t exceed half of his or her s

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Tax CPA 244

BurklandAssociates

MAY 9, 2022

One of the most frequent questions Burkland CFOs receive from our SaaS startup clients and their investors is, “how do we compare to other SaaS startups?” It is a good Read More. The post Financial Benchmarks for SaaS Startups, a Self-Assessment Tool appeared first on Burkland.

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Account accountant accounted 336

Advertiser: Paycor

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

Bharmal&Associates

JANUARY 19, 2022

When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property. Moreover, rental real property owners are entitled to depreciation even if their property goes up in value over time (as it usually does).

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Real Estate cpas Tax 264

DuctTapeMarketing

AUGUST 10, 2022

10 Critical Elements Your Website Must Employ Today written by John Jantsch read more at Duct Tape Marketing. Many people assume that a website's purpose is to get new clients. Just create high-quality product pages, write a little content, add a CTA button then sit back and see if it works. Yet the primary goal of a website isn’t only to obtain new clients.

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Start-ups Non-Profits Technology B2B 262

TaxConnex

JUNE 16, 2022

Summer vacation season is here – and it’s yet another area where sales tax shows up. The sales tax associated with s ervices is a different sales tax animal as compared to tangible personal property. The taxing of certain travel related services, such as lodging, can be taxable in some states. The likes of Expedia and Orbitz have a long history battling various states in the courts even as localities start making deals with new players in hospitality.

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Louisiana Pennsylvania Sales Tax 264

SMBAccountant

SEPTEMBER 24, 2022

As a new business owner one of your first priorities is to get the word out about your company. Grassroots marketing can be a low-cost but effective way to gain a large amount of exposure to locally owned businesses or other specific audiences. Grassroots marketing involves narrowing the type of customer and making your business known to those customers you’re hoping to attain.

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Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

Technology

Acterys

AUGUST 12, 2022

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and

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accounting and finance Start-ups Finance Account 246

MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Some may wonder why we have to pay them and for what purpose.

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tax services California Tax tax preparation 147

Patriot Software

JUNE 9, 2022

You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business? If it’s crossed your mind before, then […] READ MORE.

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Account accountant accounted 142

Accounting Today

OCTOBER 1, 2022

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Technology 145

Speaker: Claire Grosjean

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.

Spend Management

Going Concern

MAY 20, 2022

[UPDATE 5] Not sure if this is pertinent as to why the FBI and IRS raided Alliantgroup’s offices in Houston this morning, but one Alliantgroup employee who contacted us earlier today said the firm’s billing practices are unfair to its clients: For most clients there is a 35% fee cap for our services. Employees are incentivized to use this entire amount up.

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Texas public accounting Tax Account 145

RogerRossmeisl

DECEMBER 10, 2022

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals are subject to tax at a rate as high as 37% on short-term capital gains and ordinary income.

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Tax income tax CPA Sales 246

BurklandAssociates

NOVEMBER 28, 2022

Marc Zablatsky and Steven Lord share guidelines and tips to help your startup receive the most value from your fractional CFO investment. The post Getting Maximum Value from Your Fractional CFO appeared first on Burkland.

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ThomsonReuters

JUNE 6, 2022

The reality is, technical competence still lies at the heart of adding value. When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

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accounting standards Account accounted accountant 142

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

financial statements

DuctTapeMarketing

NOVEMBER 21, 2022

What fractional CMOs can do for small businesses written by Editor read more at Duct Tape Marketing. Want to grow your business and position your brand for success? One of the greatest ways to do so is hiring a CMO or Chief Marketing Officer, an experienced, result-driven executive responsible for all your marketing efforts. But with an average annual salary of over $330,000 many small to mid-sized businesses can’t easily afford a CMO.

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Sales Start-ups Account accountant 181

TaxConnex

NOVEMBER 29, 2022

*as previously posted on the Retailist – check out the article there - [link]. Data shows?that the likelihood of your business being audited is low, but that likelihood has been increasing in recent years. If you sell online across multiple states and have met economic thresholds or have a physical presence, you definitely don’t want to take that chance.

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audit auditor general ledger Non-Profits 262

SMBAccountant

SEPTEMBER 9, 2022

by Chris Poponak – SMB Government Compliance Analyst. According to Samson Haileyesus (smallbiztrends.com,) women entrepreneurs own nearly half of all business enterprises in the United States. These same businesswomen employ almost nine-and-a-half million workers, and they generate nearly two trillion dollars in revenue across all industries. Also, according to Haileyesus, “most women-owned firms are small businesses with the top employment industries being health care; accommodation and food se

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Government accounted Account accountant 49

TaxConnex

MAY 3, 2022

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. Changes in ownership, staff or operations can affect provider performance or client needs. Let’s take a look at some of the major beefs that respondents had with their sales tax providers based on a survey TaxConnex conducted of financial pr

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Sales Tax Start-ups 264

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Finance

TaxConnex

MAY 12, 2022

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process. Many automated solutions claim they manage this process for you, but when reading through these important aspects, you may realize you’re the one left still managing the heavy lifting and each one is very important to ensure accurate and on-time filings.

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Sales Tax E-commerce general ledger 264

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.

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Sales Tax income tax tax return 264

TaxConnex

JUNE 28, 2022

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates. Exemptions are statutory exceptions eliminating the need for the retailer to collect sales tax on a particular transaction or on all transactions with a customer.

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Sales Tax audit been audited 262

TaxConnex

MARCH 10, 2022

Businesses have heard a lot about economic nexus over the past few years. But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. It can be physical in the form of one of your offices actually being in a state or other tax jurisdiction.

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South Dakota Sales Tax Maryland 262

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

Technology