Tue.Mar 19, 2024

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Accounting’s 10 Most In-Demand Skills For 2024, According to Upwork

CPA Practice

Freelance talent platform Upwork has conducted a study that reveals which types of skills are most important to accounting firms and corporate accounting departments when adding new employees to their rosters this year. “For the workforce, it is absolutely essential to understand what skills are most in demand in order to stay ahead and generate value, both for organizations and themselves,” Upwork said in the study.

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Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment

BurklandAssociates

Even at the earliest stages, startups need to ensure their business models drive an appropriate balance of revenue growth and profitability. The post Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment appeared first on Burkland.

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IRS needs to plan better for modernization funding

Accounting Today

The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.

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Anders Ranks #74 on Accounting Today’s Top 100 Firms List

Anders CPA

Anders is proud to be recognized as one of Accounting Today’s Top 100 Firms for the fourth year in a row. After breaking into the Top 100 Firms in 2021, Anders has moved up the list to #74 for 2024. The firm is also recognized on the Regional Leaders list, ranking third on the list of firms headquartered in the Midwest. In 2023, Anders focused on organic growth with strategic efforts around advisory services, opening a second office location in Chesterfield, MO and hiring the firm’s first Chief

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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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California case settles how to tax bundles

Accounting Today

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.

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How to Get Laid-Off?

Going Concern

While thousands of Big 4 grunts wake up every day filled with anxiety at the possibility of an unexpected manager meeting showing up on their calendar, you have people like this. This kid is going places in life. I mean…phone it in hard enough and you should be good right? The post How to Get Laid-Off? appeared first on Going Concern.

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Your Tax Guide to Professional Gaming

Withum

In 2024, professional gaming and streaming is a lucrative path for those with the skills and charisma to hold a crowd. The Esports scene has been gaining a lot of attention in recent years, growing at least 10% every year since 2020. Twitch, one of the premiere streaming platforms, allows streamers to earn money in various ways, one of them being viewership.

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Reminder: May 31, 2024 Sunset of QuickBooks Desktop 2021

Insightful Accountant

Sunsets are not always as beautiful as the one depicted. and so it may be for many who are using QuickBooks Desktop 2021 products when those products 'sunset' on May 31, 2024.

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How AI Innovation Tools Are Revolutionizing Consumer-Centric Solutions

Cherry Bekaert

Staying ahead of consumer demands is not just a “nice-to-have” advantage but a necessity for businesses to survive. At Cherry Bekaert, we specialize in leveraging the power of artificial intelligence (AI) to revolutionize our clients’ research and development (R&D) and go-to-market strategies. This integration of AI not only expedites the discovery process but also helps certify that products and services do more than meet consumer needs.

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Navigating tax season amid the accounting attrition crisis

Accounting Today

with tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.

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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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Marketing by Numbers Joins Forces with CPAmerica for Accounting Marketing

CPA Practice

CPAmerica, Inc. has announced its latest partnership with Marketing by Numbers , welcoming them as a new preferred provider for the association. Marketing by Numbers’ platform will enable member firms to harness AI and expertly prepared articles to easily craft thought leadership content and communicate it through email and social media. Since 2018, Marketing by Numbers has assisted accounting firms of all sizes in streamlining their marketing processes and driving revenue growth.

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M&A yields major gains in SEC clients in Q4

Accounting Today

GreenGrowth CPAs dominated the league tables in the last quarter of 2024, adding 30 new clients through two acquisitions.

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We’re paying back time with new changes in Xero Payroll

Xero

If you’re running a small business that employs staff, you know the administrative ‘to-do’ list can be quite lengthy. Onboarding, managing timesheets, setting wages, processing payroll, preparing for end of financial year … it can all take up valuable time. Pay runs in particular need to be easy and efficient for you, as well as your accountant and bookkeeper.

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Tax season so far: By the numbers

Accounting Today

While tax season started seven days later this year, taxpayers are getting their returns into the IRS earlier, according to the latest statistics.

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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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Why Sage Intacct Dynamic Allocations Is A Gamechanger

GrowthForceBlog

6 min read The ability to allocate revenue and expenses is essential to determining the performance of various segments within your business, and this information is vital to running a profitable business. This means not just understanding how much your business spends and earns across the board but also understanding how much it spends and earns as a result of specific projects, products, services, employees, departments, or other critical units.

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PCAOB fines Israeli audit firm $200K

Accounting Today

The Public Company Accounting Oversight Board posted a settled disciplinary order Tuesday sanctioning an Israeli auditor and her firm for violating the PCAOB's rules during several audits, imposing a $200,000 penalty.

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Field Set For 2024 Accountant Bracket Challenge

CPA Practice

Voting is underway for the first round of Accounting High’s 2024 Accountant Bracket Challenge, which includes 72 participants in four regions with Jason Staats/Jason Daily Podcast, Relay, Bridging the Gap Conference, and Keeper as the No. 1 seeds. The eight brackets comprising 64 “teams”—plus a bonus tax bracket of eight challengers—were revealed on March 18.

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Common Budgeting Mistakes to Avoid

Basis 365

Financial planning and management are foundational to enduring success and growth. As businesses evolve, so does the complexity of their financial needs, making it imperative to stay informed and adept at budgeting, accounting, and bookkeeping practices. In this comprehensive guide, we'll navigate through key considerations and common pitfalls in budgeting, identify major financial mistakes to avoid, recommend the best budgeting method, and offer insights into utilizing modern tools over traditi

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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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Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

CPA Practice

By Sean Emery, The Orange County Register (TNS) A former Orange County tax preparer convicted of carrying out a tax fraud in which prosecutors say he attempted to claim more than $10 million from the IRS and numerous state tax authorities was sentenced on March 18 to 10 years in federal prison. Stephen Jake McGonigle, 66, of Victorville, CA, was also ordered by U.S.

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Meet the Brand: Inflo

Accounting Insight

Introducing Inflo, who have been leading accounting firms’ evolution by modernising audit practices. Learn more about them, from how they started to what they’ve got in store for Accountex… What does Inflo do? Inflo is at the forefront of transforming the auditing profession. Our innovative cloud-based audit management platform is trusted by many of the world’s largest firms and global networks, offering a fully end-to-end, scalable, digital solution.

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NFL Doles Out Draft Punishment to 49ers For Payroll Accounting Errors

CPA Practice

By Jerry McDonald, Bay Area News Group (TNS) The San Francisco 49ers will pick a little later in the fourth round this year and will forfeit a fifth-round selection in the 2025 NFL Draft after being penalized by the NFL for payroll accounting errors at the close of the 2022 league year. The punishment amounts to a slap on the wrist for this year’s draft from April 25-27 in Detroit.

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How the AI revolution is ushering in a capacity revolution

Accounting Today

Artificial intelligence will redefine our thinking around capacity and talent management.

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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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From Ballroom to Business: Choreographing Experiences for Success

Summit CPA

Michael Johnson emphasizes the importance of choreography in business, particularly in creating memorable experiences for customers and team members.

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Evergrande's alleged $78B fraud is among biggest ever

Accounting Today

The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.

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Case Study: Strengthening the Internal Controls of a Labor Union

Withum

Download a PDF of this case study. Executive Summary The Labor Union faced various material weaknesses in their financial processes, including bank reconciliations, payroll documentation, and other significant deficiencies. Withum’s approach involved working with the Labor Union’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls.

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Inspiring Bookkeeping Journey and Business Strategies Revealed! | Serah Blackstone-Fredericks

Insightful Accountant

On this episode of Accounting Insiders, Serah Blackstone-Fredericks shares her journey into bookkeeping, initially aiding a friend with legal paperwork and later managing an office before establishing her bookkeeping business.

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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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Tax Filing Tips for Life’s Biggest Milestones

CPA Practice

By Jamie Scott, Partner at The Bonadio Group. Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. Not educating yourself on what these major life events mean for your taxes in the upcoming year can have consequences in the form of leaving sizable credits on the table or filing incorrectly.

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Cybersecurity for Startups and Emerging Growth Companies: Why You Don’t Have To Do It All at Once

Withum

Cyberattacks today only continue to grow and as a result, cybersecurity has become a critical concern for businesses of all sizes. But, for small and growing organizations, the challenge lies in balancing the need for robust security measures with the allocation of limited capital toward necessary growth activities like product development, sales and marketing.

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. After a sales tax audit is completed and a company is finally delivered a notice of proposed assessment by the state, the company must decide one of two things: whether to contest t

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Case Study: Strengthening the Internal Controls of a Labor Council

Withum

Download a PDF of this case study. Executive Summary The Labor Council faced various material weaknesses in their financial processes, including bank reconciliations, payroll documentation, and other significant deficiencies. Withum’s approach involved working with the Labor Council’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls.

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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.