Sat.May 14, 2022 - Fri.May 20, 2022

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IRS audit rates plummet, especially for wealthy

Accounting Today

Auditing 336
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What you need to know about changes coming to payroll from 1 July 2022

Xero

While it may be lacking the fireworks and champagne of New Year’s Eve, come 1 July the new financial year ushers in fresh opportunities for Australia’s small businesses. Along with the new calendar, there are often regulatory changes for you to manage or implement. And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees.

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professionals

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30 Best Cloud Monitoring Tools (Updated By Category)

CloudZero

The purpose of cloud monitoring is to identify, observe, track, and manage cloud infrastructure components and services. Cloud monitoring helps organizations ensure their services meet customer expectations of performance, availability, and security.

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4 Priorities During Your First 90 Days as a SaaS CFO

Sage Intacct

I f y ou want to take the shot at being a CFO at a SaaS start-up, how do you reduce your risk on picking the right firm and making an impact in your first 90 days? I like to think the way you start is how you finish. This may not be true to all circumstances, but for transition into the CFO club it sure is. Growth through a subscription-based model is often the north star for SaaS startups.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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New AICPA chair pledges to 'open doors, broaden horizons'

Accounting Today

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Steps to perfect your payroll this EOFY

Xero

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. However, most of us will have completed an EOFY using Single Touch Payroll (STP) before, so wrapping up the 2021/22 financial year should be smooth sailing. . Whether this is your first time finalising your EOFY with STP, you’re an old hand, or you need to submit payment summaries for your employees – by following these steps y

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FCPA Compliance in M&A | Oversight

Oversight

The Foreign Corrupt Practices Act (FCPA) , enacted in 1977, generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business. The FCPA can apply to prohibited conduct anywhere in the world and extends to publicly traded companies and their officers, directors, employees, stockholders, and agents. Agents can include third-party agents, consultants, distributors, joint-venture partners, and others.

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Tax season wasn’t as bad as some expected: Survey

Accounting Today

Tax 317
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What matters most to small businesses in this Federal Election?

Xero

In less than a week, millions of Australians will cast their ballot in this year’s Federal Election. This is a chance for eligible voters to have their say about who will be our next prime minister and which parties will have the most influence in Federal Parliament. . For our nation’s self-employed community – comprising 2.4 million people or roughly 10 percent of the voting population – this election outcome feels especially important.

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5 Top Cloud Financial Management Software Solutions In 2022

CloudZero

Cloud computing offers nearly limitless capacity on-demand, but left unmanaged, that flexibility can lead to surprisingly high monthly cloud bills.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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FinOps Shared Responsibility Model

The FinOps Alliance

The theory When someone starts their journey into the AWS cloud resources and services, one of the first things they are bound to run into is the AWS Shared Responsibility Model for security. The model describes how it is both up to AWS and the end user to ensure that their cloud workloads are sufficiently secure. AWS makes the destinction between security of the cloud and security in the cloud.

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IRS increases interest rates for Q3

Accounting Today

Tax 306
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A short guide to Making Tax Digital for hospitality

Xero

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. We’ll also explore how the additional benefits of digitisation and cloud-based accounting software can help you run a healthier business.

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WEBINAR: Hiring and Keeping Your Talent In The Great Resignation

accountingfly

Is your firm struggling with retaining accounting talent or making hires? If so, your firm is not alone. The problem is real! CPA firm turnover is at record levels, leaving firm staff overwhelmed and struggling to deliver for clients. To combat this, Jeff Phillips will give your firm the playbook to immediately decrease your talent loss, retain your best staff, and fill your open roles.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Switch to FreshBooks in May to Track Business Expenses the Easy Way

FreshBooks

Unless you filed an extension (which is a great idea by the way), tax season might feel like it was months ago…wait, it was right? Now that it is, it’s time to start thinking about getting ready and staying ready for next year. Whether you had things in order or not, it’s never too early […] The post Switch to FreshBooks in May to Track Business Expenses the Easy Way appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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KPMG Audit Kickstart CPA program will pay new hires to study

Accounting Today

CPA 299
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How Candice Brown tackled Making Tax Digital and kept her pub pouring through the pandemic

Xero

It’s hard to overstate how damaging the global pandemic was for local pubs. Many of these businesses are institutions – not simply a place to get a cold pint, but a home away from home, with friendly staff, possibly a sleepy dog and, if you’re lucky, a roaring fire. . Yet, forced to shut their doors as the pandemic ripped through our lives, many struggled to cope with the restrictions that kept customers away.

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What Is A Recurring Transaction?

EasyBooks

When a customer pays an amount at regular intervals for a subscription or membership fee, this is known as a recurring transaction. For instance, spending $10 per month to access premium content on your website is a recurring transaction.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Orphan 1040s

Cloud Accounting Podcast

Sponsors OnPay: [link] FreshBooks: [link] Canopy: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 2:57 – Tether (USDT) stablecoin drops below $1 peg [link] Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam [link] 10:46 – Crypto investors likely pay less than half the taxes they owe [link] 12:05 – Web3 accounting firm officially launches on Tactic.com

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Tips to avoid an audit on a like-kind 1031 exchange

Accounting Today

Auditing 290
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Everything you need to know about digital links for Making Tax Digital

Xero

As a small business owner getting to grips with what’s needed to comply with Making Tax Digital (MTD) for VAT, you’d be forgiven for feeling a little overwhelmed by the number of actions and items you’ve likely never encountered before. From bridging software to HMRC-compliant solutions , you may still be playing catch up. Now, we turn to digital links , which have been mandatory for MTD for VAT compliance since April 2021 and play a vital role in connecting software packages and submitting MTD-

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Marketing for Accountants: The Top 19 Strategies

Future Firm

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Let’s check them out!

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Homebuilding Permits Tumble in April

NACM

The housing market is showing signs of cooling, as U.S. homebuilding permits dropped to a five-month low last month, Reuters reports. "Homebuilding was already being constrained by soaring prices as well as shortages of materials," the article reads. "The housing market is the sector of the economy most sensitive to interest rates, with building pe.

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IRS probed hundreds of cases of unauthorized access to taxpayer data

Accounting Today

Tax 279
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Ep. 183: Casey Woo – CFOs are on a mission to grow

IMA's Count Me

Connect with Casey: [link] Full Episode Transcript: Adam: (00:05) Welcome back to the Count Me In podcast. I'm your host. Adam Larson in today's guest is really interesting. Casey. Woo. Casey's been a strategic financial leader in Silicon valley for the past two decades, investing in an operating high growth tech and tech enabled companies. He is the CFO of landing, the former head of strategic finance at WeWork and the co-founder of operators Guild, a knowledge sharing community for CFOs and ot

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IRS may start collecting more demographic info

Accounting Today

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Should I stay or should I go? What it means to move your CPA firm to the cloud

Accounting Today

CPA 278
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AICPA announces 2021 Elijah Watt Sells Award winners

Accounting Today

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On the move: RubinBrown elects new MP

Accounting Today

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ISSB aims for global baseline of sustainability disclosures

Accounting Today

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.