Mon.Aug 26, 2024

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Art of Accounting: How to succeed with changes

Accounting Today

Innovation and changes are hot topics, but many who talk about it or wish for it never seem to move forward or make changes.

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Tech Can Help Accountants Have Hobbies Again

CPA Practice

By Richard Corn. It can be difficult at times to achieve a proper work-life balance: we have to juggle our careers, families, friends, and other important responsibilities. When life gets busy, what often gets left behind are our hobbies. This can be frustrating, but even more so in the summer, when there are more family trips and activities we want to spend time on — and not spending time completing repetitive accounting tasks.

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How many millionaires? Tax returns by income group for 2024

Accounting Today

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

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Why Sales Taxes Are Often Different for Takeout, Delivery and In-Restaurant Food

CPA Practice

It might be time for me to move to Ohio. The Buckeye State is conveniently located for folks, like me, with ties to both coasts. It’s home to world-class medical facilities and the Rock & Roll Hall of Fame. And I’d save money on takeout if I lived there: While Ohio sales tax generally applies to food sold for consumption in a restaurant, takeout food is sales tax exempt.

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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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Building the profession together

Accounting Today

AICPA chair Carla McCall talks about how accounting firms need to work together so they can all thrive separately.

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Forvis Mazars Launches Government Outsourced Accounting Services for Public Sector Clients

CPA Practice

Forvis Mazars, LLP, ranked among the largest public accounting and consulting firms in the United States, is expanding its Public Sector Advisory Services practice by launching a new line of Government Outsourced Accounting Services (GOAS) for clients. These services are designed to help state and local governments bridge the growing gap created by a shortage of public sector finance professionals across the country.

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3 types of trusts that could help wealthy clients' estate plans

Accounting Today

New rules for IRA beneficiaries, the expiration of the Tax Cuts and Jobs Act and guidelines for qualified stock make these strategies especially relevant.

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Budget Versus Forecast: Key Differences – and Why Your Law Firm Needs to Know

Anders CPA

“We have a budget. Why do we need a forecast?” Budgets and forecasts are important pieces of a strong financial toolkit, but many people think if they have one, they don’t need the other. That couldn’t be further from the truth: You’ll get the most mileage out of a budget if you also have a forecast to guide you. Here’s a look at their key differences and how they can work together to strengthen your firm’s financial planning.

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Moss Adams launches AI consulting service

Accounting Today

Moss Adams announced the launch of two new AI consulting teams, focused on machine learning and generative AI, who will work with clients on implementing AI solutions.

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Moss Adams Adds AI Consulting Services

CPA Practice

Top 15 accounting firm Moss Adams announced on Monday that it’s now providing artificial intelligence consulting services, with two new offerings for businesses looking to effectively utilize the technology. One service offering focuses on generative AI, while the other is centered around machine learning. Through the firm’s generative AI services, businesses can create a central knowledge center that empowers employees to search, access, and leverage organizational data quickly and safely.

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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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IRS adds payments, Spanish to Business Tax Account

Accounting Today

The Internal Revenue Service continues to expand the things business taxpayers can do with BTA.

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CBIC Issued Guidelines for Recovery of Outstanding Dues where the First Appeal is Disposed of till the Appellate Tribunal Comes into Operation

VJM Global

CBIC has received a request from the GST authority to issue clarification in the following matters: Whether recovery proceedings should be initiated in the matter where the first appellate authority has confirmed the demand created by the adjudicating authority, whether fully or partially, and where an appeal against such order could not be filed due to non-constitution of Appellate Tribunal.

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Doeren Mayhew receives PE investment

Accounting Today

The Top 100 firm announced it has partnered with Audax Private Equity, making it the latest in a string of large accounting firms to score PE money.

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A Tale of Two Niches - the 2025 ProAdvisor Awards Part 2

Insightful Accountant

Murph looks at a couple of the 'sub-categories' used by Insightful Accountant for both the 'Niche' and 'CAAS' Award categories. This week's Part 2 cover 'Tax' as a specialty or CAAS service.

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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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Longtime Apple CFO to take on smaller role

Accounting Today

Kevan Parekh will take on the CFO role from Luca Maestri at the end of the year, as part of a planned succession.

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Are Your Non-Compete Agreements Null and Void?

Insightful Accountant

A federal judge in Dallas has blocked the U.S. Federal Trade Commission's (FTC) near-total ban on noncompete agreements, which was set to take effect next month.

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The Collaborative Accountant

CPA Practice

For too long, accountants and their clients have been operating out of alignment. Do you want more time for the deeper advisory work that matters to you and to your clients but aren’t sure how to get there? Collaborative Accounting is the path, and this eBook will start you on your journey. In it, you’ll learn: What it means to be a Collaborative Accountant How this new methodology can revolutionize your practice How to implement a collaborative workflow with clients Plus, actionable steps to ge

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Essential HR Strategies for Small Businesses | Insights from Michelle LeBlanc & Gary DeHart

Insightful Accountant

Join Gary DeHart and HR expert Michelle LeBlanc as they dive into crucial HR strategies for small businesses!

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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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Navigating the World of Indirect Cost and Maximizing Grant Funding

Cherry Bekaert

We’ll cover the basics of indirect costs, including calculation, and process of negotiating with the federal cognizant agency. We’ll focus on the multiple ways that indirect costs can be leveraged to maximize grant funding. We will also delve into how to secure and preserve unobligated ARPA funding before claw backs occur after the 12/31/24 obligation deadline.

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QB Talks April | Modern Reports and Pivot Tables | Archives

Insightful Accountant

Get a jump on transitioning to the new 'Modern View' Reports that Intuit is starting to roll out into QuickBooks Online by attending Insightful Accountant's QB Talks on April 24, 2024 at 2:00 Eastern Daylight Saving Time.

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Managing Cybersecurity Risk in the Public Sector

Cherry Bekaert

In this session, we’ll discuss an integrated approach to the development of risk based cybersecurity programs. Specifically, we will discuss specific areas of cybersecurity risks that public sector organizations face, and the types of cybersecurity risk mitigation that may need to be improved. Furthermore, we shall discuss risk-based approaches for reducing the vulnerability to cybersecurity threats, which requires a multidisciplinary approach.

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QB Talks March | Revenue Recognition in QBO | Archives

Insightful Accountant

In QB Talks on March 20, 2024, Alicia Katz Pollock demonstrated QBO Advanced’s latest feature, Revenue Recognition. Accrual-based companies will love the ability to automatically schedule Deferred Revenue transactions.

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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.

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CBIC Issued Guidelines for Recovery of Outstanding Dues where the First Appeal is Disposed of till the Appellate Tribunal Comes into Operation

VJM Global

CBIC has received a request from the GST authority to issue clarification in the following matters: Whether recovery proceedings should be initiated in the matter where the first appellate authority has confirmed the demand created by the adjudicating authority, whether fully or partially, and where an appeal against such order could not be filed due to non-constitution of Appellate Tribunal.

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QB Talks August | Top ProAdvisor Roundtable | Archives

Insightful Accountant

Join Murph, Gary and others to learn what it takes to be an Insightful Accountant "Top ProAdvisor" in the August QB Talks session.

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How to Protect Your Law Firm’s Digital Transformation Initiatives

Cherry Bekaert

A Five-Part Series The global COVID-19 pandemic drove dramatic changes, placing a spotlight on key business outcomes and accelerating digital transformation efforts in law firms. Each of these outcomes, coupled with how people and processes can be empowered digitally through the application of technologies, will be explored in this five-part series for firms.

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QB Talks May | QB Live: Assisted Bookkeeping | Archives

Insightful Accountant

Check out this special edition of QB Talks, where Alicia Katz Pollock and special guest Ted Callahan dive into the subject of assisted bookkeeping.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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BF Borgers prosecuted in Canada over audit work

Accounting Today

An Ontario court placed the firm and owner Ben Borgers on probation for two years for unlicensed, unregistered audit work, and ordered both to pay fines.

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QB Talks | Converting from QBDT to QBO | Archives

Insightful Accountant

Check out this special edition of QB Talks, where Alicia Katz Pollock dives into converting from QuickBooks Desktop to QuickBooks Online.

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Monday Morning Accounting News Brief: Outsourced Office Gets Karaoke, ‘Chillout Rooms’; 2.4 GPA Guy Couldn’t Hack It in Big 4

Going Concern

This has to be at least the third or fourth article I’ve seen about Grant Thornton UK being courted by multiple private equity suitors. Sounds to me like they’re having trouble getting one of them to commit, not that they’ve got their pick of dates. Several private equity firms are considering offers for a stake in Grant Thornton’s UK business, in a competitive bidding process aimed at securing a valuation of up to £1.5bn for the mid-tier accountant.

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