Tue.Jul 02, 2024

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Startup Success – Highlights from the Past 6 Months of Our Podcast Series

BurklandAssociates

As our special 100th episode approaches in September, we look back at inspiring stories and insights from the first half of 2024. The post Startup Success – Highlights from the Past 6 Months of Our Podcast Series appeared first on Burkland.

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How to Use ChatGPT to Create Attention-Grabbing Marketing Content

CPA Practice

By Sandi Smith Leyva. One of my favorite ways to use ChatGPT is for suggesting titles for articles, blogs, and email subject lines. Of course, it can also write articles, blog posts, email event notices, client correspondence, and social media posts, to name a few. In this article, I’ll focus on its ability to write good titles and subject lines as well as end with a somewhat creative approach to generating blog posts.

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IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

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Small Businesses Hired At a Slower Pace in June

CPA Practice

Small businesses with fewer than 50 employees added jobs in June but at a slower pace than in May, while hourly earnings growth for workers held steady last month, according to the latest Paychex Small Business Employment Watch , released on July 2. The national jobs index continued to represent employment gains in June (100.29) but growth was smaller than in May (100.58) and June 2023 (101.37).

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How to Avoid Getting Ghosted: 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

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Survey: 4 in 10 Businesses Have Posted a Fake Job in the Last Year

CPA Practice

By Sarah Lynch, Inc. (TNS) Companies are hiring—but in some cases, they might only be pretending to. Four in 10 companies have posted a fake job in the last year, according to 649 hiring managers in a recent survey from the job-seeking site ResumeBuilder.com. Some posted just a handful, while others—13 percent—posted 75 or more. Today, eight in 10 of companies that have posted a fake job posting still have one actively listed.

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A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

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Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

AccountingDepartment

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

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More companies seek assurance over ESG info from audit firms

Accounting Today

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

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IRS: Security Threats Against Tax Pros Remain a Daily Threat

CPA Practice

Tax practitioners continue to be targeted on a daily basis by cybercriminals whose objective is to steal their clients’ data so they can file fraudulent tax returns that better impersonate their victims and are harder to detect, the IRS warned on July 2. Through the spring, IRS stakeholder liaisons had received reports of nearly 200 tax professional data incidents potentially affecting up to 180,000 clients.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Ex-billionaire gets 7 1/2-year sentence for defrauding investors Goldman, Google

Accounting Today

Prosecutors had sought a 15-year sentence, describing Shah as the "driving force behind a dizzying array of lies to clients, lenders, investors and an audit firm.

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Here’s a Little Something For Anyone Who’s Missing the Sweet Sound of IRS Hold Music

Going Concern

I’m in the middle of a tedious admin project that involves digging back through our archive to update old posts I’ve long forgot about and one such forgotten post I stumbled across was this: Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Seeing that post reminded me that some months ago, we were informed of yet another — perhaps even superior — remix of IRS hold

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Small business added jobs at slower pace in June

Accounting Today

Small businesses with fewer than 50 employees continued to add jobs in June, albeit at a slower rate, but wage growth remained steady, payroll processor Paychex reported.

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How Generative AI (GenAI) can empower corporate tax departments

ThomsonReuters

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. Generative Artificial Intelligence ( GenAI ) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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IRS Service Challenges: Insights for Tax Professionals

Insightful Accountant

National Taxpayer Advocate's report exposes IRS service metric flaws. LOS metric, based on answered calls, lacks full taxpayer interaction data. 88% LOS for 2024 is misleading, covering only 35% of phone lines without ensuring issue resolution.

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May Job Openings Beat Expectations

CPA Practice

By Joey Solitro, Kiplinger Consumer News Service (TNS) The Job Openings and Labor Turnover Survey (JOLTS) released this morning by the Bureau of Labor Statistics (BLS) topped expectations and kicked off a busy week of jobs data. The mid-morning report showed the number of job openings ticked slightly higher in May, to 8.1 million from 7.9 million in April.

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Maximize the New Features in QuickBooks Online Accountant

Insightful Accountant

To maximize the benefits of the latest enhancements in QuickBooks Online Accountant (QBOA), it's essential to understand, and effectively implement, the new features designed to streamline your accounting and bookkeeping practices.

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Kathryn Fletcher, CPA, CGMA Elected Chair of GSCPA Board of Directors for 2024-25 Year

CPA Practice

Kathryn Fletcher, CPA, partner at Draffin & Tucker, LLP of Atlanta, Georgia, has been elected chair of The Georgia Society of Certified Public Accountants (GSCPA) Board of Directors for the 2024-25 fiscal year. Fletcher was selected at the Society’s annual business meeting in St. Augustine, Florida. “Kathryn is a truly unique individual; she has a terrific blend of deep technical accounting knowledge and a personality that people gravitate to.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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NetSuite Buyer’s Guide: Everything You Need To Know From Licensing to Implementation Success

Withum

Navigating the world of ERP solutions can be complex, and choosing the right one for your business is crucial. If you’re considering Oracle NetSuite ERP as you look to modernize your business solutions, trying to understand how to get started can be challenging and leave you with many questions. Our comprehensive NetSuite Buyer’s Guide is designed to simplify this process, providing you with all the information you need to make an informed decision, from NetSuite licensing breakdown to implement

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Americans Lead the World In Taking the Fewest Vacation Days

CPA Practice

By Rocio Fabbro, Quartz (TNS) Americans are just too busy to take a holiday, or so they say. Despite only receiving an average of 12 vacation days a year, more than half of Americans said they didn’t use all of their vacation time last year, according to a new survey by travel booking site Expedia. The top reason cited behind why they didn’t use up their vacation time is that “life is too busy to plan or go on vacation.

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5 ways tax professionals should prepare for GenAI expectations

ThomsonReuters

Jump to: The current state of GenAI training The future of GenAI training 5 ways tax professionals should prepare for expectations What to look for in an AI assistant 2024 GenAI in Professional Services Discover perceptions, usage, and impact on the future of work View full report As generative artificial intelligence (GenAI) continues to evolve, its impact on the tax profession is becoming increasingly significant.

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Distracted In the Office? New Study Finds You’re Not Alone

CPA Practice

By Shalene Gupta, Fast Company (TNS) In a world full of pinging email boxes, whizzing Slack notifications, and buzzing phones, focus is perhaps the most precious resource for employees. Workplace analytics software company Insightful conducted a study of 1,200 employees and managers in the United States to understand the challenges of staying focused at work.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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IRS Resuming ERC Payments for Low Risk Claims – Be Cautious of ERC Advance Loans

Anders CPA

The Internal Revenue Service (IRS) plans to resume payments on older, low-risk Employee Retention Tax Credit claims, otherwise known as ERC or ERTC. In September 2023, the agency issued a moratorium on processing new ERC claims due to fraud and improper, high-risk claims flooding the pandemic-era program. Because of the high levels of fraud and inappropriate claims, only about 10-20% of submitted claims are considered low risk.

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Millennials Behind Surge in Freelance Side Jobs

CPA Practice

Charles Ayitey Bloomberg News (TNS) Americans are freelancing now more than ever, and they’re increasingly working such jobs on the side to supplement their main income, according to a survey by Revelio Labs. Some 3.2 million people now have a second job as a freelancer, independent contractor or consultant, according to Revelio Labs’ sample of online professional profiles.

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Divorce Hidden Income: Using Bank Statements

FraudFiles

Bank statements can be incredibly useful when searching for hidden income during a divorce financial analysis. Both deposits and expenditures should be evaluated, and the process is explained in this video.

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10 common mistakes accountants make that drive clients mad

Mark Lee

I once asked a group of entrepreneurs and business owners to talk to me about their accountants. Most of my interviewees were not overly happy with their accountant. I identified 10 common mistakes that seemed to explain the level of frustrations and disappointment my interviewees shared with me. Over the years I have seen similar such lists produced by a range of commentators and publications.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Be Insightful Premium Content For Accounting Professionals

Insightful Accountant

Insightful Accountant wants you to Be Insightful which is why we've launched our Premium Content offering featuring specialized training to help you grow your practice.

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SVB Financial bonds rise after $600M cut to tax bill

Accounting Today

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

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A Deep Dive into Leadership, Problem Solving, and Team Engagement

Summit CPA

Jamie and Jody chat with J. Scott, Founder of 120VC, about transforming teams to prioritize customer & team member satisfaction along with profitability.

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Crypto trends accountants need to know

Accounting Today

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.