Fri.May 31, 2024

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Utilizing The Power Of Financial Modeling In The Construction Industry

Randal DeHart

In the ever-evolving world of construction, financial modeling is a game-changer. It drives intelligent decision-making, minimizes risks, and ensures the revenue health of projects. Crafting precise and insightful financial models is a valuable tool for construction companies. It offers a panoramic view of the asset landscape and enables proactive planning and strategic management.

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On the move: NJCPA hosts first Accelerating Scholars event

Accounting Today

Plus, Bennett Thrasher launches new division; MACPA graduates 20 from 2024 Leadership Academy; and more news from across the profession.

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Ex-IRS Officer Among Six People Going to Jail for COVID-19 Fraud Scheme

CPA Practice

By Jason Green, The Mercury News (TNS) OAKLAND, Calif. — An East Bay man who once served as an Internal Revenue Service officer has been sentenced to a federal prison term for his role in a plot to fraudulently obtain more than $3 million in pandemic relief aid, according to authorities. Frank Mosely, 58, of Oakland, along with his brother, Reginald Mosely, 60, of Sacramento, orchestrated the scheme , which saw them obtain Paycheck Protection Program loan funds by filing documents on behalf of s

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Unlocking Success: The Impact of EOS at ADC | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 20 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Tax authorities urge awareness of cryptocurrency risk factors

Accounting Today

An international coalition of tax authorities has released a list of possible risk indicators for cryptocurrency-related crimes, many of which have to do with privacy and anonymity.

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What does the future hold for tax automation?

ThomsonReuters

Jump to: How to Elevate Your Firm’s Recruiting and Retention Strategies How to Elevate Your Firm’s Efficiency and Accuracy Utilizing Tax Automation to Boost Efficiency and Accuracy How to Elevate Your Firm’s Client Service Optimizing Client Service with Tax Advancements How Software Elevates Your Firm’s Recruitment and Retention The rapid evolution of tax automation technology is reshaping the landscape of tax services, offering unprecedented opportunities for firms to enhance efficiency, accura

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10 Tax Write-Offs for Your Skagit County Small Business

SkagitCountyTaxServices

How did Memorial Day affect your Skagit County business this year? Did you run any sales or promotions for members of the military? Join a parade to advertise your business? Holidays are an excellent opportunity to connect with the community and get visibility. And, if you missed doing that for Memorial Day, Independence Day is only a month or so away.

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The IRS Says F You to TurboTax and Makes Direct File a Forever Thing

Going Concern

It’s official, the Direct File pilot of taxpayers with relatively simple tax situations in 12 states was a resounding success and the IRS is making it permanent. In a press release issued yesterday , the IRS said it’s exploring ways to expand Direct File to more taxpayers “including covering more tax situations and inviting all states to partner with Direct File next year.” More details to come in the next few months.

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Addressing Shadow AI: Best Practices for Responsible AI Integration

Withum

In the modern workplace, the rapid proliferation of artificial intelligence (AI) tools has given rise to a new phenomenon known as “Shadow AI.” This term describes the use of AI applications by employees without the explicit approval or oversight of their organization. While AI can provide numerous advantages, its unregulated use can pose significant challenges for businesses.

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Pathways to Growth: Building a sales function

Accounting Today

Firms often operate under the misconception that if someone has not sold accounting services, they never will.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Crypto’s Rise: Bitcoin ETFs in a New Era of Legitimacy

Withum

Once considered a niche asset class, cryptocurrency is gradually becoming more accepted in the financial industry. An important turning point in this process has been the introduction and widespread popularity of Bitcoin exchange-traded funds, which brings a new era of legitimacy for digital assets. A Growing Trend Among Financial Titans Major financial organizations are growing interested in Bitcoin ETFs.

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Microsoft License Cost Calculator: Determine the Right Plan for Your Business

Anders CPA

Determining the right Microsoft licensing plan and calculating costs doesn’t have to be complicated. Find out the best licensing plan for you based on your company’s needs through our free Microsoft Licensing Calculator below. Answering a few, simple questions about your workplace and your business needs will help determine the best licensing plan for you.

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Appletree Business Services Modernizes Firm with Canopy

Canopy Accounting

Profile: Patrick Dichter, the owner of Appletree Business Services , transitioned into accounting through an unconventional route. Before owning an accounting firm, Patrick spent a decade in small business marketing and consulting. His consulting work often involved outsourcing bookkeeping tasks, eventually leading him to purchase a bookkeeping and tax firm.

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Smith + Howard Adds VIP Search and VIP Solutions Groups

CPA Practice

Top 200 accounting firm Smith + Howard acquired Richardson, TX-based VIP Solutions Group and VIP Search Group on April 30. Financial terms of the deal weren’t disclosed. The acquisition will expand Smith + Howard’s offerings to include office of the CFO search and staffing, interim management, and consulting services in the areas of accounting, finance, transactions, and strategy.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Friday Footnotes: The Biggest PE Deal to Date; AI Is Moving Fast, Says Deloitte; EY’s Secret (and Nasty) Drinking Club | 5.31.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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IRS Appoints Tamaki as Chief Taxpayer Experience Officer

CPA Practice

The Internal Revenue Service has selected Fumino Tamaki as the agency’s new Chief Taxpayer Experience Officer. Tamaki will be responsible for setting the strategic direction for improving the agency’s taxpayer experience and identifying opportunities to make continuous improvements for taxpayers and the tax professional community. “The Chief Taxpayer Experience Officer plays a critical role at the agency and will pave the way for continuous improvements for taxpayers and the tax community across

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