Whitehouse: A Future Without Busy Season

🤝Let’s get you started! Find out more about the most-clicked articles from this week’s Accounting Apps newsletter📧 during w/c 5.6.22:

Whitehouse: A Future Without Busy Season | (Accounting Today)

The busy season: It’s an institution of the accounting profession, known and dreaded even to those whose practice is far from tax work. It is one of the early mornings and late nights, of endless takeout meals and the occasional sheet cake, of stresses to both mind and body that leave even seasoned accountants feeling as limp as a used-up dishrag. Professors warn their students about it. Tax planners build their schedules around it. Clients get fussier during it. And everyone, from the lowest first year to the highest partner, breathes a sigh of relief after it, grateful for the brief reprieve before next year’s season when it starts up all over again. 

Stay on Top of Your Productivity in Accounting| (TOA Global) 

Ah, the feeling of turning off your computer at the end of the workday satisfied with what you’ve accomplished that day. Then there are days riddled with distractions and several tasks that require your attention at once, challenging your productivity and how you spend your time. We’ve all been there, which is why the TOA Global team has written this article on how you can be more productive in your accounting job. They complied four of the best productivity tips they’ve come across to help you work smarter, not harder, whether you work from home or at the office. Read on!

7 Cash Flow Management Tips for E-commerce Business | (Synder) 

Moving to an e-commerce platform is a growing trend seen throughout the business world. It opens up opportunities for companies to compete on a global scale. Organizations that offer products online can capitalize on better communication with their customers and often see a significant increase in overall revenue. A recent survey conducted by Gartner Analytics showed that 87% of senior business leaders thought their business needed to move online to succeed. Continue reading this article.

4 Reasons Why the Profession Is Struggling to Convince Students to Become CPAs, #4 Will Not Shock You | (Going Concern) 

The 2021 AICPA Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report released a couple of weeks ago tells us that the number of accounting graduates trended downward in the 2019–2020 academic year (most recent data available), with decreases of 2.8% and 8.4% at the bachelor’s and master’s levels, respectively; accounting grad numbers have been trending downward since 2015-16 with the 2019-20 number showing the most significant drop-off of recent years (3,391). Can we blame the pandemic for some of that? Maybe. We’d be wise to wait for the 2023 AICPA Trends report to see if the trend continues before getting too worked up about it.

What You Need to Know This EOFY | (Microkeeper) 

It’s that time of the year. Microkeeper’s tech support team will be helping you for another end of the financial year, and what a year it’s been! As anyone in the space would know, payroll is constantly evolving which can make it hard to keep up sometimes. That’s why the guys have compiled the following information resource for our users, based on the most frequently asked questions they get this time of year, in particular those in relation to STP. The ATO requires businesses to lodge an STP finalisation declaration by the 14th of July*, which when submitted will allow employees to start their tax lodgement.

Which one of these highlights have you enjoyed the most during this week?