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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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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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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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.

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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.

Tax 126
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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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More Trending

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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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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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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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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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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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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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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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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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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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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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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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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PwC's new leadership goes back to the future ahead of schedule

Accounting Today

Struggling with management structure seems endemic to the professional services business, almost regardless of the size of the firm.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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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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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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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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In the blogs: Unprecedented waves

Accounting Today

Post-Chevon; sending your marketing out; new blog in town; and other highlights from our favorite tax bloggers.

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AP Automation: The Competitive Advantage Your Business Needs

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

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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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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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