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

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

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.

South Dakota

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.

Account

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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

accounting and 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.

small business accounting

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.

Sports

Accounting Today

NOVEMBER 23, 2022

cpas

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

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

Tax

Lockstep

JUNE 8, 2022

Email is not meant to solve your accounting workflow management challenges.

Account

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Technology

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.

Account

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).

Real Estate

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.

Louisiana

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

Government contractors are required to follow certain accounting guidelines to maintain their standing.

Account

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.

accountant

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.

Start-ups

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.

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

accounting and finance

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.

tax services

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.

accounting and finance

Accountant Advocate Submitted Articles

OCTOBER 12, 2022

A Professional Community of Member-Scholars, Companies and Trusted Advisors committed to the education and development of Chief Financial Officers.

Education

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

Ideally, as a small business owner, you’ll know a lot about your company’s financials.

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey.

Account

Accountant Advocate Submitted Articles

JULY 13, 2022

It’s time to get serious about operational efficiency.

AP Processes

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

Tax

Accountant Advocate Submitted Articles

JUNE 15, 2022

MSPs & IT services are Nexus audit targets. Modern MSP finance expert explains interstate taxes and preparing your MSP for audits. Read how.

audit

Accountant Advocate Submitted Articles

MAY 31, 2022

It can be appealing to view the federal government as a customer, but do you know what it takes to prepare a federal government contract bid?

Government

Accountant Advocate Submitted Articles

MAY 24, 2022

Decreasing MSP profits may be due to technical debt which can be resolved by improving service delivery and eliminating costly clients.

Accountant Advocate Submitted Articles

MARCH 18, 2022

It's easy to see how a future workforce of Zoomers is poised to be a gamechanger for the accounting industry by addressing two of the industry's biggest challenges: talent and technology. Learn more.

Account

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Accountant Advocate Submitted Articles

FEBRUARY 4, 2022

Payroll is a complex business function that comes with minutia, and as businesses grow, payroll can get harder to manage. Avoid these expensive mistakes in your payroll.

payroll

Accountant Advocate Submitted Articles

FEBRUARY 2, 2022

Tribal knowledge can be a big problem – especially for accounting departments if you don't know how to spot it, capture it and correct it. Learn the best practices for capturing tribal knowledge.

Account

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

Sales

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.

audit

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.

accountant