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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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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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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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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Businesses take aggressive tax positions when IRS budget declines

Accounting Today

Companies retreat to less risky tax strategies when IRS budgets are robust, according to a new study.

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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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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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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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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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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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