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Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable

<img width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/AA-Header-300x169.jpg" class="attachment-medium size-medium wp-image-874" alt="Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable" />

Five New Accounting Rules Coming Soon In 2023

Accounting rules and regulations are changing constantly and it can be challenging to keep track of. It can be especially difficult when the changes kick in and for which types

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Is Joint Ownership Right For Your Estate Plan?

Owning property jointly benefits an estate plan, generally speaking, as joint ownership offers multiple advantages for surviving family members. On the contrary, there are exceptions and it may not be

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Tax-Header-300x169.jpg" class="attachment-medium size-medium wp-image-684" alt="Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return" />

Now Available: IRS Portal For Form 1099 Series

The IRS has announced that businesses can now file Form 1099 series information returns using a new, free online portal, available from the IRS. Known as the Information Returns Intake

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The Growing Popularity Of Giving Circles

Giving circles are becoming more popular in the non-profit industry. These are generally small groups of people who make a charitable impact by pooling their money together. This new trend

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Business-Header-300x169.jpg" class="attachment-medium size-medium wp-image-792" alt="Stop-Loss Coverage Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)" />

Maintain A Steady Course Through Today’s Economy

In today’s volatile U.S. economy, it seems that many business owners are wavering between optimism and worry. On the one hand, the January 2023 jobs report revealed the unemployment rate

Stop-Loss Coverage Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)

<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Business-Header-300x169.jpg" class="attachment-medium size-medium wp-image-792" alt="Stop-Loss Coverage Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)" />

Business Startups: A New Wave?

According to the Census Bureau, projected business formations (within four quarters) for December 2022, adjusted for seasonal variation, were 30,292.That is, the Census Bureau is projecting that 30,292 new business

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Q&A Regarding 2023 Limits On Individual Taxes

Many people are more concerned about their 2022 tax bills than their 2023 tax situations. That’s understandable because (unless you file an extension) your 2022 individual tax return is due

Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return

<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Tax-Header-300x169.jpg" class="attachment-medium size-medium wp-image-684" alt="Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return" />

The Tax Implications For Employees Who Receive Tips

In many industries, employees receive tips as part of their compensation. These businesses include restaurants, hotels, and salons. Tip DefinitionTips are optional payments that customers make to employees who perform

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Valuing A New Venture

Many new startups haven’t yet generated positive cash flow, or even revenue. So, how could it be possible for a valuation analyst to value a startup business without a track

Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable

<img width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/AA-Header-300x169.jpg" class="attachment-medium size-medium wp-image-874" alt="Inventory Management WIP Non-GAAP Metrics Reduce Billing Bottlenecks Auditor Independence Accounting Methods Year-End Financials Auditing Revenue Recognition Inventory Management System Access To Capital M&A Due Diligence What Is Materiality Job-Costing Systems Technology Bank Reconciliation Cybersecurity New Segment Expense Disclosure Rules QuickBooks To Prepare 2024 Budgets Safeguard Organization Assets Offsetting Rules Inventory Count negotiation M&A Accounting Monthly Financial Close Shareholder advance Payroll challenges Prepare for audit QuickBooks income tax Crypto Accounting Percentage-Of-Completion Financial Statement PCAOB Overhead Mileage in QuickBooks UTPs Cross-Train Employee Benefit Plan Audits Accounts Receivable" />

Avoidable Accounting Errors Startups Should Watch Out For

In any new business venture, accounting is an essential element to consider. Unfortunately, it’s also an area where startups tend to make mistakes. Let’s look at a few common (and