January 2018 – Accounting Software News

Uncertainty at IRS Mirrors Longstanding Tension about Payroll Withholding

2018-01-11 - by Deanna Fletcher

A lot of payroll accountants have been impatiently waiting for the IRS to update their tax tables for the purposes of payroll withholding and calculating employees’ paychecks. As a consequence …

3 lessons “It’s a Wonderful Life” can teach you about revenue recognition 2018-12-10
What happens when a small business fails to comply with important regulations? In the classic movie It’s a Wonderful Life, a local building and loan association is in danger of failing its bank audit because of a major—but innocent—mistake by one of its officers. Are your clients in the same... Related StoriesWine, cheese and revenue recognition […]
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It’s beginning to look a lot like tax busy season 2018-12-05
Washington, D.C., got its first taste of winter just two days after the AICPA National Tax Conference this year. In some parts of the capital, it was just a dusting of snow. For those just north of the city, it was a blanket. While CPAs bundled up, drank hot cocoa... Related StoriesA recipe for success: Experiences […]
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A recipe for success: Experiences to keep your clients coming back 2018-12-04
You’re staying at a hotel in a city you’ve never visited before. After you check in and unpack your bags, you realize you’ve forgotten your pajamas and it’s too late to shop. You walk down to the lobby and mention your predicament to the front desk clerk. Sympathetically, she offers... Related StoriesIt’s beginning to look a […]
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40 trends that the Auditing Standards Board has outlived 2018-12-03
Everyone gets pretty nostalgic on their fortieth birthday. But what if you are the Auditing Standards Board? How would you celebrate? We decided to take a light-hearted look at the trends that have come and gone over the last four decades. Join us for this ride back in time. Communications.... Related Stories4 tips to identify audit […]
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Americans want employers to show them the benefits 2018-11-30
Today, the perfect job is about more than the money. Americans want employers to show them the benefits. New original research conducted by The Harris Poll for the American Institute of CPAs (AICPA) found that Americans value having a job with benefits more than one with a higher salary. Neal... Related StoriesAmericans’ financial satisfaction reaches new […]
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Wine, cheese and revenue recognition for everyone 2018-11-29
If you think the Financial Accounting Standards Board’s (FASB) new revenue recognition standard is only applicable to those in the wine and cheese crowd, think again. The standard impacts companies of all sizes, from specialty shops to corporate lenders. You don’t need to be in an industry with specialized revenue... Related Stories3 lessons “It’s a Wonderful […]
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3 tasks your organization can automate to save time 2018-11-28
By now, you’ve heard how automation can save you from the boredom of copying and pasting all day. But you might still be wondering what processes your organization can automate to save time. Look no further. Here are three areas finance and accounting professionals can look at as automation opportunities.... Related StoriesRPA: The secret to less […]
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4 tips to identify audit client risks 2018-11-20
This blog post is the second in a series on risk assessment, a significant audit quality issue. View the first blog post here. Anyone who owns a home has had some experience with lawn care. Maintaining a healthy lawn is easy when you have a lush field of bluegrass, but... Related Stories3 lessons “It’s a Wonderful […]
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Think sustainability’s unsustainable? Think again. 2018-11-15
As a CPA, you build strong relationships with your small business clients, so you’re not surprised when one of your clients, who is running a startup, asks for a meeting to talk about her goals for the coming year and beyond. She is looking to enable growth by attracting new... Related Stories40 trends that the Auditing […]
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Your life. Your terms: Four steps to reducing stress and reclaiming your life. 2018-11-14
Life is stressful, there’s no doubt about it. But you have the choice to maintain a different perspective, instead of letting stress overtake you every day. Here are four steps to reduce stress and live a well-balanced life: Step one: Get clear on your purpose Living life on your own... Related StoriesAre you ‘more dumber’ than […]
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