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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Building a Business Case for Finance Automation

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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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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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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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading 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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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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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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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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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 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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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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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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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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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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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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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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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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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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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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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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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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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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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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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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