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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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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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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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Introducing Xero Mentor Match, a mentoring program for accounting and bookkeeping partners

Xero

It’s no secret the accounting and bookkeeping industry has been battling a critical talent shortage for some time. In fact, we’ve conducted new research that reveals almost two-thirds of employing practices (65%) have experienced challenges with finding and keeping the right staff in recent years. Our report, Reshaping accounting and bookkeeping: Image, talent and the way forward , suggests this talent problem is, in part, due to an image problem, with most accountants and bookkeepers (81%) agre

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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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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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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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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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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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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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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Accountability Services: Modern Excellence in Accounting with Canopy

Canopy Accounting

Profile Accountability Services is a forward-thinking accounting firm located in Seattle, Washington and Boulder Valley, Colorado. The firm, co-owned by Lera Kooper, Dave Fischer and Ernie Villany, emphasizes a modern approach to accounting that prioritizes work-life balance, scalability, and a client-centric focus. The firm provides tax, accounting, and advisory services, primarily catering to business owners with an entrepreneurial mindset.

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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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 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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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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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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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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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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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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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 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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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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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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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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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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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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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.