Wed.Jan 17, 2024

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Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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The Economic Outlook for Startups in 2024

BurklandAssociates

There are good reasons to be optimistic heading into 2024. Startup founders are advised to remain patient, listen closely to the market, and stay on top of tax obligations. The post The Economic Outlook for Startups in 2024 appeared first on Burkland.

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IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

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Deloitte Is Getting a New Office in Dallas

Going Concern

Fresh from Dallas Morning News : Another major tenant in one of downtown Dallas’ legacy skyscrapers is headed Uptown to a new building. Professional services firm Deloitte LLP plans to relocate its Dallas office from the former Chase Tower to the 23Springs office tower under construction in Uptown The new space is not just new to Deloitte, it’s brand new to everyone.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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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Nancy McClelland on Balancing Passion, Work, and Maintaining the Human Touch in AI

Canopy Accounting

Nancy McClelland, CPA & Owner of The Dancing Accountant discusses how she balances her love for dance, her passion for her profession, and her commitment to creating a caring and supportive workplace. It explores the opportunities and challenges presented by AI in accounting, showcasing Nancy's enthusiasm for embracing technology while also prioritizing the human element.

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Year-End Bonuses Shrunk 21% in 2023

CPA Practice

By Matthew Boyle, Bloomberg News (TNS) U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year , according to payroll software company Gusto, which tracks payments made by more than 300,000 small businesses.

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Intuit sues H&R Block over marketing claims

Accounting Today

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

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Oracle NetSuite Analytics Warehouse Driving Retail Growth

Insightful Accountant

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

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Old Guy at PwC Wants Young People In the Office Because Something Something AI

Going Concern

Someone tweeted this to us yesterday and the topic looked so familiar we got confused, it seemed exactly like this story from last June (because who looks at publication dates right?). The tweet: What a coincidence that AI is going to lead to the things executives wanted to do anyway, like mass layoffs and forcing people back into the office pic.twitter.com/Ev0FdPYpZW — McRib Hard Seltzer (@kleib323) January 16, 2024 And this is from “ PwC Chair Basically Threatens AI Will Replace Yo

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Fujitsu takes $1B knock as post office scandal escalates

Accounting Today

Glitches in the Japanese technology titan's Horizon software led to hundreds of local U.K. sub-postmasters being wrongly convicted of theft and false accounting.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Small Business Jobs See Small Decline as Overall Jobs Increase

CPA Practice

At the end of the final quarter of 2023 (October to December), U.S. small businesses with 1 to 9 employees employed 13,281,000 people nationally, according to the latest estimate from the Intuit QuickBooks Small Business Index. This is 14,000 fewer jobs than the previous quarter, following two months of declining small business employment in October and November (down by 0.11% and 0.28%, respectively) and a rebound in December, when employment increased by 0.28%.

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PE firm Trinity Hunt Partners forms Springline Advisory with MarksNelson

Accounting Today

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

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BMSS Brings on CPA Firm Haddox Reid Eubank Betts

CPA Practice

Top 200 accounting firm BMSS Advisors & CPAs has combined with Haddox Reid Eubank Betts, a Ridgeland, MS-based CPA and advisory firm. Terms of the deal weren’t disclosed. Consolidated under the BMSS name, the combined firm has 32 partners and 125 CPAs for approximately 325 employees in total. Together with Haddox Reid, the combined revenue for BMSS will be roughly $63.7 million, which would put the firm among the 100 largest in the U.S.

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Complexities abound in debt and equity accounting and valuation

Accounting Today

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

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Back to Basics with Reconciliations

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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Bitcoin ETF: The Wait Is Finally Over!

Withum

The U.S. Securities and Exchange Commission (SEC) has approved the first exchange-traded funds (ETFs) that track the price of bitcoin, marking a major breakthrough for the cryptocurrency industry. 11 ETFs were simultaneously approved Wednesday January 10, 2024 by the SEC signaling a positive shift in the overall acceptance of digital assets as a legitimate financial product.

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Citrin Cooperman acquires Mibar

Accounting Today

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

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Revolutionizing Lease Accounting: Using Technology and Software to Streamline Business Efficiency

CPA Practice

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. Until recently, spreadsheets held their ground as the go-to tool for accountants.

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Withum Extends Its Agreement With Premier Sports Network for 2024

Withum

Premier Sports Network is pleased to announce it has extended its agreement for a second year with Withum, a Top 25 Public Accounting and Advisory firm in the US. As a Player Care Partner at PSN, Withum has been able to grow its sports desk and portfolio, working closely with some of the highest-performing athletes in US sports. Withum’s Professional Sports Services Team members have actively engaged with the sports community by attending The United Soccer Coaches Convention, Super Bowl LVII, Ph

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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FedNow: A Vital Tool for Accountants and Bookkeepers Now

Insightful Accountant

The financial landscape is transforming.

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Lawmakers near Taiwan tax deal, risking anger from China

Accounting Today

The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S. The study analyzed online search data for terms relating to a list of careers—including “AI impact on …,” “will AI replace …,” and “how will AI affect …”—to determine America’s top five jobs with t

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How to Identify Your Firm’s Ideal Clients

Ryan Lazanis

Working with ideal clients makes your business fun and easier to manage. Learn the reasons why it's important and how to identify your ideal clients. The post How to Identify Your Firm’s Ideal Clients appeared first on Future Firm.

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Harness the Potential of Your Enterprise Knowledge

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.

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Vertex Wins IDC SaaS Customer Satisfaction Award for Tax

CPA Practice

Vertex, Inc. , a provider of tax technology solutions, has received IDC’s SaaS Customer Satisfaction Award for Tax. The 2023 SaaSPath Survey by IDC saw Vertex receive top ratings amongst SaaS Tax Vendors for overall customer satisfaction. The CSAT Awards, a customer satisfaction award program by IDC, recognizes top software-as-a-service (SaaS) vendors in each application market.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

It’s that time of year again. The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. It can all feel overwhelming, but laying out your to-dos helps to simplify things.

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Andersen Acquires California Firm and Opens San Diego Office

CPA Practice

The business consultancy firm Andersen has announced a new San Diego office as the firm expands its presence in Southern California. The move comes after the professionals from Reibman , a leading San Diego-based tax compliance and planning firm, joined Andersen. The new San Diego office is the latest move in Andersen’s aggressive growth strategy, following the firm’s February 2023 U.S. expansion in Orange County (Calif.), Pittsburgh and Des Moines; and the September 2023 launch of Andersen’

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Budgeting for New Hires: A Step-by-Step Guide

Inform Accounting

Are you gearing up to bring new talent on board? Don't let the complexity of budgeting for new hires overwhelm you. We've got your back with a straightforward guide to crafting a recruitment budget that makes sense.

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Solve Your Firm's Automation Complexities Once and For All

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.

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New Tech and Innovation at CES 2024

CPA Practice

This year marks the 100 th Anniversary of the Consumer Technology Association, the host of the International Consumer Electronics Show (CES) since 1969, which has bounced back from the COVID hiatus with over 135,000 attendees during its annual meeting in Las Vegas in early January. [ See Roman’s companion article on “Crazy Tech” from CES 2024.] While the primary focus in attending and perusing the show floors is to identify techs and trends targeted towards the accounting profession, we also com

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WHY DOES MY BUSINESS NEED A BUSINESS GUIDE

Summit CPA

Climbing a mountain, rowing a boat, or riding a bus – business strategists love metaphors about travel. It makes sense. Scaling new heights, reaching new destinations, finding new ways to cover familiar ground – these are the kinds of goals that inspire a visionary CEO and their team to get out of bed in the morning, put one foot in front of the other, and continue forward, no matter what obstacle they encounter.

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3 Cognitive Pitfalls That Are Ruining Your Business: How to Unravel the Biases in Decision-Making

Cherry Bekaert

Francesco Fazio , Partner in Cherry Bekaert’s Strategic Growth & Innovation practice was recently published in Entrepreneur , discussing how businesses are not purely rational actors due to human influence, challenging the historical belief in logic-driven decision-making. Behavioral science, highlighting cognitive biases in decision-making, has shifted this perspective.

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Accounting for Good Expectations for 2024

Accounting for Good

Accounting For Good’s expectations for 2024 see continuing service to not-for-profits with qualified accounting services tailored to your organisation.

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It Takes Two to Tango

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.