Wed.May 15, 2024

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Streamline Talent Decisions With AI-Powered Workforce Planning Tools

Acterys

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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You can't maximize ROI without ROR

Accounting Today

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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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

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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Businesses worry about bribery and corruption impact

Accounting Today

Small and midsized business owners and their financial advisors have deep concerns about the damaging impact of bribery and corruption, according to a new survey.

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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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The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

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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IRS intensifies safeguards for transcripts, CAF security

Accounting Today

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

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NPAG shares pipeline survey results and solutions

Accounting Today

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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Withum Team Members Honored at Innovate 100 by New Jersey Business Magazine

Withum

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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What Is IRS Notice 2024-35?

Cherry Bekaert

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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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

AccountingDepartment

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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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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Better Data Management Strategies: Data Lake vs. Data Warehouse

Cherry Bekaert

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.

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KPMG Leads in IPO Audit Clients for Q1 of 2024

CPA Practice

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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Airwallex Bill Pay, now available with Xero

Xero

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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A Closer Look at Your 401(k) Plan

Withum

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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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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Britons spent 798 years on hold to tax authority, watchdog says

Accounting Today

More than half of phone calls to HMRC are now going unanswered.

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Tim Ryan Is Dipping Out of PwC Early, the Leadership Transition Gets Bumped Up to RIGHT NOW

Going Concern

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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IRIS buys Utah-based Swipeclock

Accounting Today

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

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Rightworks Unveils Two New Security Offerings

CPA Practice

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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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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The Hidden Costs of Responding to IRS Notices: A Burden on Tax Practitioners

Insightful Accountant

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

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Sales Tax FAQs for Fulfillment by Amazon (FBA) Seller Clients

CPA Practice

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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Global trade disruptions and their impact on corporate tax and trade

ThomsonReuters

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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Gen Z and Millennials Are Optimistic and Focused on Purpose in Job Satisfaction Survey

CPA Practice

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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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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HMRC’s new Rules Bring Scrutiny to Vinted, Airbnb, and eBay Sellers

Menzies

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.

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How to foster alignment and accountability with your partners

Accounting Today

A lack of partner alignment and accountability can get in the way of creating sustainable change.

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Gearing Up for the TJCA Fight

Insightful Accountant

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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IRIS Software Group Unveils IRIS Elements Central Business Review Client Dashboard Module 

Accounting Insight

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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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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Batch Import Journal Entries into QuickBooks

Insightful Accountant

You can now import 'Journal Entries' (in batch, if needed) into QuickBooks Online. Murph takes you step-by-step through the process.

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The Marketing Tactic You Should Be Using (But Aren’t)

Ryan Lazanis

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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Successfully Bid on Government Contracts: What Contractors Need to Know

Withum

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.

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The CannaBiz Success Show: How will the Reschedule Impact Cannabis Businesses? with Zach Huey

Anders CPA

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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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.