Mon.Jan 15, 2024

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Bridging the Gap: Strategies for Women’s Ascent in Accounting Leadership

Accounting Insight

According to the 2020 Accountancy Age “Top 50+50” survey, almost half of all certified accountants were women (45.47%). Women make up nearly half of all accountants globally, a testament to their talent and dedication to the field. However, their presence shrinks dramatically when it comes to leadership roles. Just 25% of partner positions at CPA firms are held by women, and only 17% of CEOs in finance and insurance are women.

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New Jersey CPAs pitch accounting careers to high school students

Accounting Today

Over 60 members of the New Jersey Society of CPAs visited 65 high schools in the Garden State last fall to tell students about accounting careers and how to become a CPA.

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The Waterfront Project, Inc.

Withum

In this episode of Civic Warriors, we speak with Carol Sainthilaire, Executive Director, and Lissette Diaz, Legal Director, of The Waterfront Project, Inc.

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IFAC offers overview of accounting sustainability literature

Accounting Today

The International Federation of Accountants reviewed the most helpful research by academics, accounting organizations and firms on the role accountants are playing in ESG reporting and assurance.

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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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Annual Planning for Cannabis Retailers

Anders CPA

Dynamic forecasting is the cornerstone of the work we do as Virtual CFOs which means regularly updating our clients’ strategy as new data sheds light on market dynamics. Real time adaptability is key: market conditions, industry fluctuations, regulatory changes, all those forces need to be considered. At the same time, we need to have a benchmark against which to judge how the year has been going.

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IRS offers guidance on emergency savings accounts

Accounting Today

The Internal Revenue Service provided initial guidance to aid employers in establishing pension-linked emergency savings accounts, an outgrowth of the wide-ranging SECURE 2.0 Act of 2022.

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The tax year in review: Top federal developments in 2023

Accounting Today

It was an eventful 12 months for practitioners, with new legislation, regulations, court decisions and IRS pronouncements all impacting the tax landscape.

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IRS Provides Initial Guidance on Employee PLESAs

CPA Practice

The IRS on Jan. 12 issued preliminary guidance to help employers with implementation of pension-linked emergency savings accounts (PLESAs), specifically on the anti-abuse rules regarding these plans. Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution plans and are designed to permit and encourage employees to save for financial emergencies.

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Art of Accounting: Heading toward the future

Accounting Today

If you want to grow, come up with a goal of where you would like to be in five years, and then decide on a first step toward that goal.

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Case Study: Scaling Financial Success with Dynamics 365 Business Central: A Labor Union’s Transition from Quickbooks

Withum

Learn how in a joint effort with the client, the project successfully reduced manual processes, improved workflows and increased internal controls while increasing future scalability. Download a PDF of this case study. Executive Summary To modernize their technology, enhance financial insights and streamline operational efficiency, a not-for-profit organization partnered with Withum to successfully implement Microsoft Dynamics 365 Business Central ERP.

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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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CEOs look ahead to future growth of GenAI and sustainability

Accounting Today

CEOs are increasingly enthusiastic about deploying generative AI technology like ChatGPT as part of their strategic plans, but they're wary about climate change and regulations, according to a new survey by PricewaterhouseCoopers.

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Thomson Reuters Wins Bidding War for Payment Automation Company Pagero

CPA Practice

Thomson Reuters Corporation has acquired of approximately 53.81 percent of the shares in Pagero Group AB, valued at approximately $1.19 billion U.S. Pagero is a Sweden-based maker of automated payment, receivable, and document management solutions. The company had also attracted acquisition offers from Vertex and Avalara. Thomson Reuters increased its competing bid to 50 Danish Krones per share (apx. $7.34), a 25 percent increase from its prior bid.

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Take advantage of permitted absences for main residence relief

Inform Accounting

Main residence relief is a valuable relief which prevents a tax charge arising where a gain is realised on the disposal of a property which is your only or main residence. Where a property has been an only or main residence for some but not all of the period of ownership, the gain is sheltered to the extent that it is occupied as an only or main residence or a period of absence was a permitted period of absence.

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Miami Developer Found Guilty of $900K Pandemic Loan Fraud

CPA Practice

By Jay Weaver, Miami Herald (via TNS). A notable South Florida developer was convicted in federal court Friday of falsifying paperwork and forging signatures on applications to obtain about $900,000 in government-guaranteed loans under an emergency COVID-19 relief plan for struggling businesses during the pandemic. The jury’s verdict against Eric Sheppard, perhaps best known for renovating the historic Carillon hotel on Miami Beach, was decidedly split.

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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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The Tax Blotter – Jan. 2024

CPA Practice

The Tax Blotter is a round-up of brief news items relating to tax preparation, policy and legislation. Now that we have started another new year, there are several important tax dates to circle on your calendar or bookmark on your phone. Tax season kicks off. The IRS has announced that tax-filing season officially gets underway on January 29, 2024 (IR-2024-04, 1/8/24).

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Hyundai Offers $7,500 Cash Bonus for EVs to Match U.S. Tax Credits

CPA Practice

By Heejin Kim, Bloomberg News (TNS) Hyundai Motor Co. will give as much as $7,500 in cash bonuses for electric-vehicle buyers in the U.S., seeking to keep its cars competitive with automakers qualifying for tax credits under President Joe Biden’s Inflation Reduction Act. The discounts apply to the Ioniq 5, Ioniq 6, and Kona Electric, and the month-long incentive will last through Jan. 31, according to the Korean automaker’s website.

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