Thu.Apr 18, 2024

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Forbes Top 200 CPAs in America

Withum

I am honored to be included in the first Forbes Top 200 CPAs in America list , and further honored to be alongside three of my Withum partners: Pat Walsh , Bill Hagaman and Jim Bourke. Withum is an extraordinary firm and the fact that 4 of us are included on that list indicates recognition of that. Pat is our managing partner and CEO and only the third person to occupy that role in our 50-year history.

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Accountants feel more upbeat about global economy

Accounting Today

Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.

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PwC Announces It’s ‘Aligning Its Organizational Structure’ and Using Fewer BS Words in Job Titles

Going Concern

I wish I’d written this news up hours ago when I got a PR email about it, AT scooped us. Oh well. Here’s the news as it was delivered to me: Today, PwC US’ next senior partner, Paul Griggs, introduced our new leadership team—the Operating Committee. You can learn more about all the leaders here [link to the Our US Leadership Team page on PwC’s website].

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Poor cash flow can sink any business

Accounting Today

If an enterprise doesn't accurately measure and manage cash flow effectively, it won't be able to make sound financial decisions for the future.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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What Does the DOL’s Proposed Overtime Rule Mean For Your Small Business?

CPA Practice

By Suzanne Lucas, Inc. (TNS) The White House just approved a proposal from the Department of Labor to raise the minimum salary for exemption to $55,068 per year. It’s currently at $35,568 per year , so this is quite a jump. What does this mean for your business? Let’s break it down. Salary exemption Under the Fair Labor Standards Act, employees who work more than 40 hours a week are entitled to overtime.

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Tax Fraud Blotter: Severe and widespread

Accounting Today

Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.

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PwC shakes up US firm

Accounting Today

PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.

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IRS Raids Home of Rapper Tekashi 6ix9ine, Seizes Cars and Other Items

CPA Practice

By Evan Rosen, New York Daily News (TNS) Rapper Tekashi 6ix9ine had several of his cars and other personal items seized from his home in Lake Worth, FL, on Wednesday, as IRS agents and local police raided the residence. A video posted to social media shows several of the vehicles with papers taped to the windshield, identifying Tekashi by his legal name, Daniel Hernández, and claiming that his property was being seized for “nonpayment of internal revenue taxes.

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Feature Focus Fridays - First Look at Figured

Insightful Accountant

Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.

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What Small Business Owners Should Know About Payroll Analytics 

Patriot Software

Are your employees working too much overtime? Who needs a raise? Are you spending too much money on a department? To get answers to these types of questions, analyze your payroll data. Use payroll analytics to make decisions, avoid overspending on payroll, and verify the accuracy of your payroll.

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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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The ADC Team Attends the 2024 EOS Conference

AccountingDepartment

Last week, the AccountingDepartment.com team attended the 2024 Entrepreneurial Operating System (EOS) Conference in San Diego, CA.

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Becoming a remote partner

Accounting Today

The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.

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Boston IRS Agent Charged With Tax Fraud

CPA Practice

By Flint McColgan, Boston Herald (TNS) A Boston IRS agent was indicted on charges that she committed personal tax fraud for years. Ndeye Amy Thioub, 67, of Swampscott, MA, has served as a Boston-based IRS agent out of the IRS’s Large Business and International Division since 2006 and has been a licensed certified public accountant in Massachusetts since 2010, according to an affidavit filed in support of her criminal charges by a fellow IRS agent.

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IRS Estimated Tax Payment and Withholding Guide: Timing and Cash Flow Planning

Cherry Bekaert

Each year, as the tax filing deadline nears, it is important to identify your projected tax payments and when to pay them [LJ1] so you can avoid submitting inaccurate tax returns. Staying up to date with the most recent Internal Revenue Service (IRS) withholding and estimated tax payment guidelines for individuals is also crucial in understanding how these regulations will affect your taxes.

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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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Nick Couzzi Named to Metro New Jersey Appraisal Institute Board of Directors

Withum

Withum is excited to share that Nick Couzzi , Associate within Withum’s Real Estate Valuation Practice , has been appointed to the Board of Directors of the Metro New Jersey Appraisal Institute. The institute sponsors appraisal education, including courses and seminars that help professionals earn continuing education credits. As a member of the board, Nick will assist in administering these programs.

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The Future of Nonprofit Fundraising: Trends and Predictions

GrowthForceBlog

9 min read A hallmark of any successful organization is adaptability. As a nonprofit leader, you already understand the importance of being aware of the shifting nonprofit landscape and being ready to evolve your strategies and adapt your organization for success.

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RSM Int'l names new CEO

Accounting Today

Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.

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AICPA Endorses Bipartisan Legislation to Provide Additional Tax Relief to Victims of Natural Disasters

CPA Practice

The American Institute of CPAs has expressed its strong support of H.R. 8007 , the Disaster Tax Lookback Parity Act of 2024 , in a letter to Representatives George Murphy (R-NC) and Jimmy Panetta (D-CA), who are original sponsors of the bill. Taxpayers impacted by disasters typically do not have the benefit of the lookback period for claiming credits and refunds being aligned with a postponed return filing due date, which this legislation would provide for all federally declared disasters.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Avalara's new president to emphasize customer experience

Accounting Today

Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.

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CFPB Small Business Loan Requirements & Your Skagit County Biz

SkagitCountyTaxServices

The 2024 federal tax season has reached its end… well, unless you joined the other 19 million taxpayers and filed for an extension. That’s something we anticipate every year here at Padgett & Padgett, PLLC CPA. And we’ll be working away the next few months on the extensions we filed for our Skagit County clients… albeit after a little rest from our round-the-clock filing labors.

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SEC's market surveillance tool called unconstitutional in Texas lawsuit

Accounting Today

The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.

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Three Quarters of Big 4 Firms Made the Top 20 on LinkedIn’s Top Companies 2024 List

Going Concern

Would ya look at that, another “best companies” list. This time it’s the LinkedIn Top Companies 2024 , released Tuesday. While all four firms have a spot on the list, only three of them can boast that they made the top 20 (of 50). You already know which three it is. Here’s LinkedIn’s pitch: Our 8th annual LinkedIn Top Companies list highlights the 50 best large workplaces to grow your career in the U.S. right now.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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IR35 – where are we now?

Menzies

Menzies LLP - A leading chartered accountancy firm. What is IR35? The off-payroll working rules, or IR35 as it’s commonly referred to, have been around for some time. The rules exist to ensure that in circumstances where a worker or contractor meets the definition of an employee, that worker pays broadly the same income tax and National Insurance contributions to that of a PAYE employee.

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Remote partners open up new markets

Accounting Today

Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.

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Only 36% of Not-for-Profits Have Seen an Increase in Funding Following 2022-23 Financial Upheaval

CPA Practice

UHY Advisors has released its 2024 Not-for-Profit Trends Report, which polled over 230 executives within not-for-profit organizations across sectors including healthcare, education, social / community services, and others with annual revenues ranging from less than $250,000 to over $10,000,000. “The not-for-profit industry has been trying to find its feet as disruption continues and global economic conditions remain volatile,” said Brian Kearns, partner and a leader of UHY’s Not-for-Profit pract

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Fighting stubborn racial disparities in homeowner tax subsidies

Accounting Today

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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I'm remembering April 19th 1995 today.

Insightful Accountant

This is the day that I rise early and head to the cemetery to remember my friend, Ted L. Allen, who died in the bombing of the Alfred P. Murrah Federal Building in Oklahoma City.

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Free Webinar: AI + Your Agency: Balancing Risks with Reward

Summit CPA

Free Webinar: AI + Your Agency: Balancing Risks with Reward, May 16th at 1pm ET

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AuditBoard Expands Executive Team to Support Continued Rapid Growth

CPA Practice

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has brought on public SaaS company veteran Jeff Harper as Chief Human Resources Officer (CHRO) to help scale the organization and infrastructure, continue to attract and retain exceptional talent, and steward AuditBoard’s award-winning company culture through continued rapid growth.

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3 steps to identify and fix bottlenecks in your firm’s workflow

ThomsonReuters

Jump to: Identify weaknesses in your firm’s workflow Evaluate technology and tools Create and document a new workflow process Evaluating future tax workflow bottlenecks What works today may not work tomorrow. A regulatory change, a workforce-related development, or even technology advancements can easily render your processes outdated or even unworkable.

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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.