Wed.Feb 28, 2024

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Client Accounting Services to Help Drive Your Business

AccountingDepartment

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Burkland Expands Services for Clean Energy Startups

BurklandAssociates

New specialty consulting area provides accounting expertise and financial guidance tailored to the needs of Clean Energy startups. The post Burkland Expands Services for Clean Energy Startups appeared first on Burkland.

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2024: The year of change management

Accounting Today

Start by identifying the why, who and how to make the most of every change.

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‘Where’s My Refund’ Tool Gets Updates – How to Estimate Your 2024 Income Tax Refund Date

CPA Practice

Updated: Feb. 28, 2024. The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund. “ When will I get my tax refund?

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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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PCAOB dings EY and other big firms on latest inspections

Accounting Today

Ernst & Young issued a major mea culpa following a failed split of the firm.

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It’s Time to Rethink Current Practices for CPA Firm Talent Management

CPA Practice

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. A Robert Half survey found that only 27% of workers in the profession are planning to look for a new job in the next six months. In a similar survey our company conducted in mid-2023, that figure was significantly higher — 41%.

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More Trending

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RightNow Conference 2024

CPA Practice

Top influencer keynotes, transformative tech insights and AI innovators converge to elevate the accounting profession at RightNOW 2024. May 14-16, 2024 | Austin, TX – Register Rightworks will set the stage for accounting and tax professionals to learn actionable insights, innovative strategies and best practices that modernize firm operations and fuel thriving businesses at RightNOW 2024.

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SEC upped accounting, auditing enforcement in FY 2023

Accounting Today

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

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Tax Season Credit Changes on the Horizon

Insightful Accountant

The Tax Relief for American Families and Workers Act is delayed in the Senate but may progress soon. If passed, tax law changes could impact mid-tax season.

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How GenAI will shape the future for our customers

Xero

We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.

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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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Thomson Reuters' Acquisition of Pagero Opens Doors for Growth Opportunities

Insightful Accountant

Accelerating the companies’ joint vision for a connected suite of e-invoicing and indirect tax solutions for customers across the globe.

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Accelerate Business with Salesforce Solutions Powered by Generative AI

Cherry Bekaert

According to a 2023 Salesforce survey , 61% of 2,000 respondents believe that generative AI will help them better serve their customers. Additionally, 61% of the respondents believe that generative AI will help them sell efficiently. Yet, many organizations don’t understand the technology or how to get started with generative AI, which can generate text, images or other data using generative models.

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Randy Crabtree on Unlocking Success: The Expert's Guide to Thriving in Tax Season

Insightful Accountant

In a dynamic conversation, Gary and Randy explore ways for tax professionals to expand their business leveraging the U.S. Tax Code.

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Spotlighting Women in Advisory Practice: “Create a culture where everyone is happy,” says Alicia Shaul, CPA firm entrepreneur

ThomsonReuters

Alicia Shaul ’s path to accounting was less than traditional. As an undergrad, she majored in political science and pre-law. She decided to skip law school and instead took a job as a bookkeeper, finding her chosen profession and going back to school to earn her CPA. Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work.

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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 enhances ‘Where’s My Refund?’ tool for 2024 filing season

Insightful Accountant

With millions of tax refunds going out each week, the IRS reminded taxpayers today that recent improvements to “Where's My Refund?” on IRS.gov provide more information and remains the best way to check the status of a refund.

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How Veterans Are Becoming Warrior Strong

Withum

Explore Other Episodes #CivicWarriors #WithumImpact The post How Veterans Are Becoming Warrior Strong appeared first on Withum.

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The Future of Financial Management in Engineering Firms

GrowthForceBlog

7 min read In industries like engineering, technology has taken over - from the early days of computer-aided design and computer-aided manufacturing that helped engineers and clients conceptualize design to the implementation of augmented reality and virtual reality modules that enable engineers and clients to be immersed in design concepts in addition to revolutionary concepts within Industry 4.0 like artificial intelligence and the Internet of Things (IoT) that will supercharge automation.

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Zoho dives into practice management

Accounting Today

The software vendor's recently released Zoho Practice aims to help small and midsized practices run themselves better.

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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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New partnership to bring bill pay capabilities to US customers

Xero

Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. However, this is still a very manual process for small businesses. Our Money Matters report found many small businesses utilize multiple payment strategies to manage their cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US custo

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The Nuances of Sales Tax Holidays For Skagit County Business Owners

SkagitCountyTaxServices

Firstly — a quick reminder for those of you working under a corporate status: we gotta file those returns for you by March 15th — so help us help you. Send us anything we’ve been asking for … today? ? Second — there are less than 30 days before the ERC withdrawal deadline ( March 22 ) is here. If you fell victim to the ERC mills and submitted a claim you shouldn’t have, there’s still time to fix that decision.

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Washington wildfire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the August fires.

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‘PCAOB-Registered Firm’ Doesn’t Mean S**t, Says PCAOB

Going Concern

Pictured: Seal of approval The Public Company Accounting Oversight Board has issued yet another proposal and at least this time it is a refreshing break from the usual extra work they love piling on already overworked auditors. Rule 2400, False or Misleading Statements Concerning PCAOB Registration and Oversight would, according to the PCAOB , “enhance public understanding and investor protection by establishing new restrictions on statements auditors can make concerning a firm’s PCAOB reg

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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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Questions to ask about the new FTC safeguard standards

Accounting Today

If an affected business has a cybersecurity incident and is found to be noncompliant, the owner can be subject to civil or criminal prosecution.

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PCAOB Registration Isn’t a Seal of Approval, Regulator Tells Audit Firms

CPA Practice

A new rule proposed by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would prohibit audit firms from making false or misleading statements regarding their registration status with the regulator to clients and potential clients. Under the Sarbanes-Oxley Act, public accounting firms must register with the PCAOB before they can prepare or issue an audit report for a public company or a broker-dealer.

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IRS hires former Binance.US exec to beef up crypto expertise

Accounting Today

The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.

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List of the Day: People Who Don’t Work at Deloitte Rank It As a Best Place to Work

Going Concern

Deloitte has another award to add to its large trophy case: At Deloitte US, we are a workplace for all. Incredibly proud to announce that we have been recognized as the Top Employer by CAREERS & the disABLED magazine! #BestWorkplaces [link] pic.twitter.com/djl6mJZQTD — Deloitte US (@DeloitteUS) February 18, 2024 It took some real digging to even find this magazine — there’s no direct link to it on Deloitte’s Awards and Recognitions page — but we did it.

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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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NJ governor pitches higher tax on businesses to help transit

Accounting Today

The move would make New Jersey's corporate tax the highest rate in the country.

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What is the Difference Between Bookkeeping, Accounting, and the Role of the CFO?

Basis 365

Every business has the need for “accounting”. You’d think every business would then need accountants to help them out. If that’s the case, why are there bookkeepers and what do that do that an accountant does not? What about a CFO, are they an accountant? You’re not alone in understanding the differences as there isn’t really a common definition that everyone uses.

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EisnerAmper Offers Free Cybersecurity eBook

CPA Practice

Did you know that the average cost of a cyber breach last year was $4.45 million? And that number will only increase. If that isn’t scary enough, the bad actors are getting more sophisticated every day. Cyberattacks are a daily threat to any organization and can result in compromised data, damaged client relationships, financial cost, litigation, reputational harm and more.

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Liz Scott on Tech Selection: Empowering Accountants as Tech Advisors

Canopy Accounting

In this episode of Canopy's Practice Success podcast, Liz Scott discusses the critical aspects of technology in accounting. She draws an analogy between selecting tech apps and shopping for shoes to emphasize the need for careful selection to ensure they meet the firm's needs. The conversation covers the evolving role of accountants as technology advisors and the significance of managing a tech stack effectively.

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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.