Acterys

MAY 15, 2024

Companies across industries use workforce planning tools to help them stay agile and responsive. While these tools are meant to help business leaders avoid common pitfalls like overstaffing or understaffing, there’s a notable disconnect in how they’re used. 67% of workforce planning leaders report that their organizations fail to effectively use data for workforce planning , according to research from Gartner.

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Real Estate Technology Hospitality Healthcare 130

MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. This article explores common tax compliance issues faced by nonprofits and how an Enrolled Agent (EA) can help resolve these problems, with references to relevant Internal Revenue Code (IRC) sections, preparation, planning and compliance requir

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Accounting Today

MAY 15, 2024

As the cornerstone of the "Return on Relationship" methodology, a holistic financial plan unlocks a deep and meaningful understanding of a client's personal and business realities and goals.

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CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. With AI, automation and other tools allowing professionals to be more productive than ever, which is essential for firm success, as well as to offset talent pipeline issues.

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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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Accounting Today

MAY 15, 2024

The National Pipeline Advisory Group identified six recommendations based on survey data to a address accounting's talent shortage, including rethinking CPA licensure requirements.

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CPA Practice

MAY 15, 2024

In its continuing effort to thwart identity theft refund fraud, the IRS last week highlighted additional protections being put in place for tax professionals to increase security for the Centralized Authorization File (CAF) program, as well as new guidelines for requesting client transcripts by phone. “Tax professionals continue to present a tempting target to identity thieves and fraudsters,” James Clifford, director of IRS Return Integrity and Compliance Services, said in a statement.

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tax preparation Tax 112

Withum

MAY 15, 2024

Withum is proud to share that Jim Bourke and Chris DeMayo were honored by New Jersey Business Magazine as part of their NJ Innovate 100 Celebration. The inaugural NJ Innovate 100 Celebration spotlights professionals dedicated to the progression of their industries and the overall innovative ecosystem in New Jersey. Innovation+, along with assistance from local business associations, compiled the lists to highlight professionals who value and utilize collaboration, and serve as catalysts for prog

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Cherry Bekaert

MAY 15, 2024

On April 16, 2024, the Internal Revenue Services (IRS) released Notice 2024-35 , granting relief for failure to make requirement minimum distributions (RMD) from a deceased individual’s Qualified Retirement Plan (QRP) accounts and inherited Individual Retirement Accounts (IRAs). How Beneficiaries Can Manage Retirement Account Distributions Most Americans own some kind of qualified retirement account (e.g., IRA, 401(k), 403(b) annuity) and leave the remaining balance in those accounts to their b

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AccountingDepartment

MAY 15, 2024

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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Cherry Bekaert

MAY 15, 2024

Data drives key business decisions. Now more than ever, effective data management is important for the success of a company, yet many organizations still struggle with disparate date storage systems, leading to the inability to make critical business decisions based on key findings. In fact, fewer than 10% of enterprises are advanced in their insights-driven capabilities, a Forrester report found. 1 Organizations must have an effective data strategy to achieve successful business outcomes.

Government 105

Government 105

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.

Account

Accounting Today

MAY 15, 2024

Tax professionals will need to take extra steps to get access to certain systems and information.

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CPA Practice

MAY 15, 2024

KPMG audited the most newly listed companies in the first quarter of 2024, which saw 46 initial public offerings that raised a combined total of $8.9 billion, according to a new analysis from Ideagen Audit Analytics. The Big Four firm was the auditor for eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in Q1.

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Withum

MAY 15, 2024

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. If you sponsor a 401(k) plan with a December year-end, it is important to remember that your Form 5500 and audited financial statements, if required, are due July 31 with the option to file an extension, allowing an additional 2 ½ months to file.

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Xero

MAY 15, 2024

This guest blog was written by the team at app partner, Airwallex. Airwallex is excited to announce the release of its new Airwallex Bill Pay solution, taking hours out of paying invoices and automating the entire process in one place. With Airwallex Bill Pay, you can manage each step of paying a bill within the Airwallex platform, from uploading and importing invoices to approving and sending the payment, saving your finance team hours of manual work.

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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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Going Concern

MAY 15, 2024

Wall Street Journal has reported that rather than wait until the end of PwC’s fiscal year on June 30 as planned, current PwC US Chair Tim Ryan is out and successor Paul Griggs officially stepped into his shoes on May 14. Ryan will be sticking around until May 31 and then he’s headed to Citigroup to serve as head of technology and business enablement.

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CPA Practice

MAY 15, 2024

While Rightworks hosts its inaugural RightNOW conference in Austin, TX, the accounting-focused cloud solutions provider launched two new security offerings on May 15: Rightworks WISP and Total Security. The new solutions help accounting firms and small and midsized businesses (SMBs) create a Written Information Security Plan (WISP) to achieve regulatory compliance and protect both employee endpoints and networks while also enhancing Rightworks’ OneSpace secure cloud hosting platform.

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Accounting Today

MAY 15, 2024

U.K.-based IRIS Software announced its acquisition of Swipeclock, the Utah-based maker of solutions WorkforceHub and ApplicantStack.

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CPA Practice

MAY 15, 2024

By Lindsey Raker. Are your clients considering becoming an Amazon seller? Bringing a business to one of the biggest marketplaces can have its advantages — according to Amazon, there are more than 200 million Amazon Prime members worldwide , and Amazon customers buy roughly 7,400 products per minute from U.S. sellers on the Amazon marketplace. That’s a huge number of Amazon customers their businesses can reach.

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Sales Tax South Dakota Maine 64

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

ThomsonReuters

MAY 15, 2024

The world of global trade is experiencing a period of unprecedented disruption. Traditional routes and timelines are in disarray, throwing a wrench into the well-oiled machines of international commerce. These disruptions have a significant impact not just on logistics and delivery times, but also on corporate tax implications. Understanding the interplay between these factors is crucial for tax and trade professionals across multinational corporations.

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CPA Practice

MAY 15, 2024

A new survey from Deloitte shows that GenZ and Millennial persons worldwide, although living through the pandemic and economic instability, are optimistic on the future for themselves and societty. “This year’s survey spotlights two generations who are grappling with financial insecurity, high stress levels, and mounting climate anxiety. They are also considering how rapidly evolving technology, like GenAI, will impact their jobs and their longer-term career decisions,” says Elizabeth Faber, Del

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Technology Finance 59

Menzies

MAY 15, 2024

Menzies LLP - A leading chartered accountancy firm. Are you selling on Vinted, Airbnb or eBay? As the digital marketplace continues to expand, so does the focus of tax authorities on income generated from online trading. In a bid to ensure fairness and compliance, HMRC is intensifying its efforts to track earnings from popular platforms, such as Vinted, Airbnb, and eBay.

Non-Profits 59

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Insightful Accountant

MAY 15, 2024

Responding to IRS notices for clients is a time-consuming and costly task for tax practitioners, especially with the increase in notices post-COVID.

Tax 59

Tax 59

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

Accounting Insight

MAY 15, 2024

From the Accountex show in London, IRIS Software Group , a leading global software provider of accounting, edtech, HR and payroll solutions, today unveiled IRIS Elements Central Business Review, a new client dashboard module for its IRIS Elements cloud software platform. This module will help IRIS Elements users facilitate advisory conversations with their clients and is available for demo for the first time at IRIS’ stand, 940, at Accountex.

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Insightful Accountant

MAY 15, 2024

Tax pros face challenges as Congress plans to extend the TCJA next year. Partisan bill passage in 2017 and turnover in the House Ways and Means Committee complicate the process. Pros await the outcome with uncertainty.

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Tax 52

Ryan Lazanis

MAY 15, 2024

To market to existing clients, you can use various strategies like newsletters, guides, etc. Learn which tactic is better than them all. The post The Marketing Tactic You Should Be Using (But Aren’t) appeared first on Future Firm.

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accountant accounted Account 52

Withum

MAY 15, 2024

Bidding on government contracts requires meticulous preparation, a deep understanding of the procurement process, and the ability to navigate the complexities of government requirements. Contractors must be patient, resourceful, and ready to adapt to the evolving landscape of government needs and regulations. With the right approach, government contracts can offer substantial opportunities for business growth and expansion.

Government 52

Government Non-Profits audit CPA 52

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Anders CPA

MAY 15, 2024

Zach Huey, a cannabis business attorney at the Huey Law Firm, joins Guillermo as they discuss the impact of rescheduling on the industry, including effects on operators, investors, and state markets. Zach breaks down the dual market system in Missouri, which is aimed at protecting micro businesses from large operators, and the importance of vetting service providers for trust and transparency.

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CPA Practice

MAY 15, 2024

Alex Tanzi and Jonnelle Marte Bloomberg News (TNS) U.S. household debt has reached a record and more borrowers are struggling to keep up. Overall U.S. household debt rose to $17.7 trillion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday. That’s an increase of $184 billion, or 1.1%, from the fourth quarter.

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New York Government accountant Account 52

SchoolofBookkeeping

MAY 15, 2024

Ah, QuickBooks Online, the gift that keeps on giving. Brace yourselves, accounting professionals, for the next big thing in estimate and invoice layouts! ( Intuit QuickBooks Support Article ) Get ready to land those jobs, keep things moving, and—oh joy—get paid even faster. Because who doesn't love the adrenaline rush of chasing down payments?

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ThomsonReuters

MAY 15, 2024

Stress management is crucial in any workplace, especially in the field of accounting where professionals often face high-pressure situations and tight deadlines. Effectively managing stress not only improves overall well-being but also enhances productivity and job satisfaction. In this blog post, we will explore key strategies for stress management in the accounting workplace.

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.