Tue.Aug 13, 2024

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Why CPAs must master the soft skills

Accounting Today

When a CPA transitions from individual contributor to leader of many people, his or her technical skills alone will not be enough to drive results.

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Should You Use an Employee Handbook Builder?

Patriot Software

Is creating, updating, and keeping a compliant company handbook stressful? Drafting a federal- and state-compliant handbook is daunting for many business owners and HR professionals. It can take weeks of research, writing, formatting, and editing. But it doesn’t have to. An employee handbook builder can streamline the process.

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The SaaS Founder’s Guide to Seed Stage Fundraising Metrics

BurklandAssociates

Demonstrate a clear grasp of these metrics, and you’re well on your way to building investor confidence and securing capital to fuel your SaaS startup’s growth. The post The SaaS Founder’s Guide to Seed Stage Fundraising Metrics appeared first on Burkland.

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IRS updates information security plan for tax pros

Accounting Today

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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78% of Employees Would Take a New Job for Better Benefits

CPA Practice

H ealthcare benefits play an important role when it comes to an employer’s ability to retain and hire employees. More than two-thirds of employees surveyed a new Intuit QuickBooks survey conducted in collaboration with Allstate Health Solutions , said healthcare benefits are second only to salary when considering a job offer, and 78% said they would find a new job if their benefits package was inadequate.

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TIGTA: IRS lacks plan for legacy systems

Accounting Today

The Treasury Inspector General for Tax Administration said the IRS lacks concrete plans for retiring and replacing legacy IT systems.

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More Trending

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Inform Direct Returns To Accountex Summit Manchester

Accounting Insight

Company secretarial software and formations specialist Inform Direct is looking forward to exhibiting again at this year’s Accountex Summit Manchester, following previous successful visits. Over the last 12 months, the company has introduced a number of significant enhancements to its cosec product, with new features and functionality to meet emerging requirements for accountants.

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Baker Newman Noyes to be led by board of directors

Accounting Today

The Top 100 Firm is retiring the role of managing principal and adopting the new leadership structure on Jan. 1, 2025.

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“The AICPA Can Eat a Bag of Dicks,” or Here’s What CPA Candidates Are Mad About Today

Going Concern

According to the latest information on the AICPA’s “ Find out when you’ll get your CPA Exam score ” page, score release dates for Q1 2025 were due to be published “in the beginning of August.” There’s no doubt that timeline was purposely vague to leave room for the ongoing tweaking of CPA Evolution implementation and other circumstances both foreseen and unforeseen.

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NASBA announces research grant recipients, opens 2025 applications

Accounting Today

NASBA's Accounting Education Research Grants aim to advance academic research on the educational issues impacting CPAs and the accounting profession.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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The True Cost of Your Grant – The More You Know, The More You Win

Cherry Bekaert

Episode four of the Grants Management Podcast series focuses on indirect costs related to grant projects and the importance of capturing those costs to assist your organization with grant-related personnel and overhead expenses. This podcast episode is hosted by Kimberly Konczack, an Advisory Manager at Cherry Bekaert, and Kat Kizior, Manager, with special guest Nikky Lettini, Managing Director, Advisory Services.

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Weather victims in Minnesota get tax relief

Accounting Today

The affected by severe storms and flooding in June now have longer to file and pay.

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How to Get the Most Out of Your Outsourcing Firm

Cherry Bekaert

In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss ways to optimize the benefits of outsourcing your accounting operations. Host Craig Hunter, a Director in the Government Contracting Industry practice, is joined by Mike Cippel, Managing Director, and Directors Irwin Kaplin and Jonathan Reid. Tune in to learn more about: Deciding if outsourced accounting is your best option Uncovering the benefits of using an outsourcing firm Optimizing the working relationship with a

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Ex-banker faces €14M bill in German tax scandal

Accounting Today

Former investment banker Martin Shields had already paid €3 million for his part in a dividend-tax refund scheme, and will now pay an extra €11 million.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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This is What PwC is Paying Its Audit Interns in 2025

Going Concern

Don’t know if this is particularly newsworthy but we happened across this PwC posting for audit interns and thought hey, it might be neat to look back on this ten years from now and see it’s barely increased at all just how much it’s increased since the good old mid-’20s. Assuming this website still exists in 2035, that is. So in 2025, PwC is paying summer interns $30.75 – $40.75.

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B. Riley struggles to value assets as SEC steps up scrutiny

Accounting Today

The investment firm late Monday said it couldn't file its quarterly report with regulators on time, due to problems in valuing its loans and investments

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Why Biotech and Health Care Startup Industry Clusters Bloom in St. Louis

Anders CPA

St. Louis is fast emerging as a powerhouse in the biotech and health care startup industries, thanks to a confluence of support organizations, investment opportunities and community initiatives that foster innovation and growth. Major players involved in this transformation include BioSTL , Cortex and the Danforth Plant Science Center , an anchor institution of 39 North.

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‘Billion-Dollar Club’ Has Its 16th Member Accounting Firm

CPA Practice

There are now 16 public accounting firms in the U.S. that surpassed the billion-dollar mark in revenue during their most recent fiscal year, according to the newly released top 500 firms ranking for 2024 from INSIDE Public Accounting. New York City-based CohnReznick joined the “billion-dollar club” with revenue of $1.05 billion. There were 15 firms that surpassed $1 billion of revenue last year.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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How accountancy firms can benefit from working with a payments provider

Accounting Insight

Rising customer expectations and increased competition are placing pressure on accountancy firms to deliver better customer experiences and greater value to stand out from the crowd. Those accountancy firms that can provide global services at scale are the ones that will be able to retain and build their client portfolio. To alleviate these challenges, accountancy firms could boost their bottom line and optimise customer experiences in collaboration with a payments company.

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In the blogs: Party time

Accounting Today

Crypto moves forward; what to know about gambling; new blog in town; and other highlights from our favorite tax bloggers.

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R&D Tax Credit Update: Best Practices for Filing Requirements and Amended Claims

Cherry Bekaert

With the release of the revised Form 6765, there are significant changes of which businesses claiming the R&D Tax Credit need to be aware of. The new Form 6765 requires more detailed information regarding the R&D projects being performed, which can be complex and time-consuming to file accurately. Additional changes were also recently made for companies filing amended returns.

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Warehouse Wednesday: Acumatica In-depth Part 2

Insightful Accountant

This is a prologue of Murph's second part of his in-depth series on Acumatica. this summary reports on the retail and eCommerce capabilities of Acumatica ERP including numerous eCommerce integrations and integrated POS offerings.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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IRS Direct File Tool Now an Option for New Mexico Residents

CPA Practice

By Kylie Garcia The Santa Fe New Mexican (TNS) Aug. 5—New Mexico is now the fourth state that can use the IRS’s new system for filing federal taxes, which officials believe will make the 2025 tax season easier and save people time and money. After conducting successful pilots in 12 states last year, the U.S. Treasury Department and the IRS announced the Direct File system as a permanent option in May and invited all 50 states to jump on board.

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August's QB Talks is our ProAdvisor Roundtable

Insightful Accountant

This month's edition of QB Talks is a ProAdvisor Roundtable featuring some of our 2024 ProAdvisor Top Award Recipients. Murph and Gary will be hosting this informative discussion with leading ProAdvisors.

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Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities

LSLCPAs

LSL Webinar ‘Back to Basics | Lighten Your Year-End Load: Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Ease’ presented by LSL Manager Jayme Lambert, CPA, and Supervisor Monica Fernandez outlined how local government finance departments can start the new fiscal year with ease by staying ahead of the game by addressing challenges proactively.

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Crowe Adds Cyber Advisory Firm Sylint Group

CPA Practice

Top 15 accounting firm Crowe has added Sylint Group, a Sarasota, FL-based cybersecurity advisory firm that has extensive experience in dealing with cyber incidents and precedent-setting court cases. Crowe said the deal will enhance and expand its offerings across the firm’s forensics and legal consulting and cybersecurity businesses and boost its incident response services.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why

LSLCPAs

LSL Webinar ‘Back to Basics | Lighten Your Year-End Load: Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Ease’ presented by LSL Manager Jayme Lambert, CPA, and Supervisor Monica Fernandez outlined how local government finance departments can start the new fiscal year with ease by staying ahead of the game by addressing challenges proactively.

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LiveFlow Launches Xero Integration

CPA Practice

Financial automation platform LiveFlow has integrated with Xero, enabling businesses and accounting firms to streamline financial planning and analysis (FP&A), consolidate financial data, and easily visualize their financials. “We are thrilled to launch our integration with Xero,” Anita Koimur, COO and co-founder of LiveFlow, said in a statement.

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VCFO Deep Dive: Jason Swenk

Summit CPA

Jody and Jamie take a deep dive into an episode of Jason Swenk's Smart Agency podcast.

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XeroCon is On: 2024 Event Being Held in Nashville

CPA Practice

XeroCon 2024 is underway in Music City USA. One of the world’s largest makers of small business accounting and management technology, Xero is hosting it’s annual user and networking conference this year in Nashville, Tennessee, on August 14-15, bringing together thousands of entrepreneurs and business advisors for two and-a-half days of learning and relationship building.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.