Sat.May 23, 2020 - Fri.May 29, 2020

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What Makes Bookkeeping Important For A Small Business

Billah and Associates

Bookkeeping is vital for keeping accurate financial records. Nevertheless, many startups and small businesses come up short against implementing this necessary process. In addition to the fact that keeping proper books and records is crucial under law, it saves you failure and disappointment later on. In practical terms, improper bookkeeping and accounting are some of the reasons for business failure.

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4 Ways Paperless AP Mitigates Fraud Risk for Homeowner Associations

AvidXchange

With many of their teams now working remotely, association management companies and community associations are at increased risk for data breaches and check fraud that can erode trust and lead to financial loss. How so? Those relying on paper-based, manual processes are struggling to access the paper and people they need to work while protecting sensitive information from increased vulnerabilities.

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May 29, What to do with T4A slips received from customers / clients

Bookkeeping Essentials

I get self-employment professional income reported on T4As from several different sources and although they are for work that is essentially similar, every

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Ep. 68: Paul Miller - Tax Implications and Planning due to COVID-19

IMA's Count Me

Miller & Company, LLP: [link] FULL EPISODE TRANSCRIPT Adam: (00:06) Welcome back to episode 68 of Count Me In. IMA's podcast about all things affecting the accounting and finance world. I'm your host, Adam Larson, and today we'll be listening to an important conversation about the tax implications and guidelines for individuals and small to midsize businesses following the various government loans in response to the COVID-19 crisis.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Pending Home Sales Plummet in April

NACM

Pending home sales is the latest sector to see record drops from the impacts of COVID-19. The Pending Home Sales Index from the National Association of Realtors (NAR) declined 21.8% in April. All regions saw a month-to-month and year-over-year decline in pending home sales. "With nearly all states under stay-at-home orders in April, it is no surpri.

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What Intuit, Xero, and Sage Earnings Say about Cloud Accounting

Cloud Accounting Podcast

Sponsors Bill.com: [link] OnPay: [link] BQE Core: [link] Show Notes 03:07 -- Questions Persist After Release of New Small-Business Loan Rules - WSJ 04:39 – Our first less-than-five-star review? Thanks for the feedback! 08:30 – Paychex Snapshot: Small Businesses Are Cautiously Optimistic About Recovery – InsightfulAccountant 14:45: Xero Warns of Coronavirus Impact Despite Swing to Fiscal Year Profit — Update - Morningstar 14:48 – Intuit sees slide in revenues in Q3 - Enterprise Times 15:54 – S

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New Home Sales Rise Slightly Showing 'Potential Recovery'

NACM

Although existing home sales declined last month, new home sales held their ground in April with more than a half-percent rise. National Association of Home Builders (NAHB) reported the increase brought the seasonally adjusted annual rate to 623,000 units.NAHB Chairman Dean Mon said in the report that the new home sales results "show the potential.

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