Mon.Nov 13, 2023

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Tips for Managing Capacity During Tax Season

Canopy Accounting

It's that time again to begin exploring ways we can manage tax season, stay sane, and still be intentional about how we lead our firms. In this webinar we'll discuss some capacity management tips for those running a tax season with a virtual team (which is more difficult to do than brock and mortar!).

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Art of Accounting: Managing strategic growth

Accounting Today

Strategic growth requires a plan, execution and something new to present to potential clients.

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Americans Received 4.6 Billion Robocalls in October

CPA Practice

U.S. consumers received just over 4.6 billion robocalls in October, representing a 7.9% increase from September’s volume, as robocall volumes continue to oscillate between roughly 4.5 billion and 5 billion robocalls/month. That’s according to a new survey. October averaged 148.7 million robocalls/day and 1,721 robocalls/second, up 4.4% from September’s average of 142.4 million robocalls/day and 1,648 robocalls/second.

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AICPA approves revised tax standards

Accounting Today

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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The Texas Board of Accountancy Slapped EY With a Huge Fine

Going Concern

A year and a half after the SEC announced a record $100 million fine against EY , the ghost of cheating past continues to haunt the firm. This time in the form of $3 million payable to the state of Texas. This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. This from a press release on Friday : EY was the subject of a Securities and Exchange Commission (SEC) order that included a number of professionals licensed as Texas CPAs who were found to have che

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IRS destruction of paper returns had little impact

Accounting Today

The service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.

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More Trending

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Construction for accountants

Accounting Today

Kit Dickinson of ADP shares the latest issues in the construction industry, and what they need from their CPAs.

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Philly’s Up and Coming Tech Entrepreneurs

Withum

In this episode of Founded in Tech, David Hansell sits down with Jake Coppen and Jacob Beaudin, to discuss the inception of NOW, the startup scene in Philadelphia, and their future plans.

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Jackson Hewitt launches hiring push

Accounting Today

The tax preparation chain expects to hire 18,000 people.

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QuickBooks Connect Underway in Las Vegas

Insightful Accountant

The "show goes on," as the great 'Ring Master' said. QuickBooks Connect, is underway at the Aria Hotel & Convention facility, having narrowly averted a strike when MGM, Caesars and Winn Resorts all settled with the Food/Beverage/Hospitality workers.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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What Investors Really Want From a Technology Company

Cherry Bekaert

How often are technology companies truly prepared when ready for an exit or to take on new funding? Cherry Bekaert’s Dixie McCurley sits down with investor and CEO Lauren Fernandez to get her take on the components that lead to business growth, success and eventual sale. Lauren shares the number one priority she has for assessing a company’s financial health, as well as thoughts on the future of AI and technology.

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How higher 401(k) and IRA limits may change financial plans next year

Accounting Today

Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.

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The Key To Reporting on Multi-Year Grant For Your Nonprofit

GrowthForceBlog

7 min read Multi-year grants with unrestricted funds are incredibly valuable to nonprofits because they provide money upfront which allows for the confident hiring of staff and executing of program objectives.

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How to revitalize a CPA firm while the business model stagnates

Accounting Today

Have you ever looked at the websites of the top five CPA firms in your market and observed what similar services they provide?

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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EY Gets $3 Million Penalty by Texas Board of Public Accountancy

CPA Practice

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm. EY was the subject of a Securities and Exchange Commission order that included a number of professionals licensed as Texas CPAs who were found to have cheated on ethics exams and on a variety of

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Financial execs need to staff up for SEC climate disclosures

Accounting Today

Companies are finding it difficult to hire enough qualified people in the relatively new field of sustainability reporting.

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Exempt vs Non Exempt Employee: What’s the Difference?  

inDinero Accounting

In August 2023, the Department of Labor proposed changing pay thresholds governing exempt vs. non exempt employees from protections under the Fair Labor Standards Act (FLSA). Should the change proceed, 3.4 million additional employees could be entitled to overtime pay. This change is not something for startups and small businesses to take lightly. Misclassifying employees as exempt can be an expensive headache for business owners.

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Federal Cannabis Rescheduling: How to Prepare Financially for an Uncertain Timeline

Anders CPA

The cannabis industry is accustomed to shockwaves, between voter referenda, congressional bills and state-wide policy shifts. But of all the cannabis news to break over the past few years, nothing has the power to change the landscape like the potential for the Drug Enforcement Agency (DEA) to reschedule cannabis from Schedule 1 to Schedule 3. Although the industry’s ultimate goal is for complete descheduling, the proposed shift would be a game-changer for cannabis operators because it would nul

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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The ABCs of AI in accounting

Accounting Insight

The potential of AI is only continuing to grow. It is rapidly making its way into a range of industries, transforming the way we work and helping us take on more of what we do best. This is particularly true of accountancy professionals, who have been freed up to work smarter and get more done with their newfound time, instead of spending hours completing manual tasks.

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Video Game Fever: Can Hollywood Grow Esports?

Withum

Hollywood has a gaming fascination. From award-winning shows like Cyberpunk: Edgerunners (2022), Arcane (2021), and The Last of Us (2023) to movies like The Super Mario Brothers Movie (2023), and Sonic the Hedgehog (2020, sequel in 2022) and the upcoming Legend of Zelda movie studios can’t get enough of video games. This is part of a larger trend toward multimedia storytelling, often called cross-media, which aims to tell related narratives across varied mediums.

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Cohen & Co. to merge in Szymkowiak and Pear

Accounting Today

The Top 50 Firm is expanding its reach into Western New York.

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AICPA Tax Executive Committee Approves Revised Tax Standards

CPA Practice

In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax Services (SSTSs) for public comment. The AICPA’s Tax Executive Committee (TEC) reviewed and adopted the updates to the SSTSs on May 18, 2023; the updated standards will be effective on January 1, 2024. The AICPA SSTSs serve as the ethical framework for tax professionals and are enforceable tax standards for AICPA members.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Leaders view Biden EO on AI positive first step but more work remains

Accounting Today

Accounting technology leaders generally approve of Biden's executive order on artificial intelligence, provided the government can actually implement it.

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Corporate Boards Grow in Diversity

CPA Practice

Corporate boards have become significantly more diverse over the past five years, according to a new report from The Conference Board and ESGAUGE. The share of female directors in the S&P 500 increased from 23% in 2018 to 32% in 2023, while the reported share of racially/ethnically diverse directors grew from 20% in 2018 to 25% in 2023. As the report points out, however, the reported growth in both racial and gender diversity has slowed in the past year.

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Staying ahead of independence and conflicts problems

Accounting Today

Conflicts, independence and wisdom sit in the native-built corporate tree.

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Unlock the Full Potential of Caseware Working Papers: Supercharge Your Workflow with Cloud Hybrid, PBC and Accomplish

LSLCPAs

In a previous blog post, we explored the exciting world of Caseware’s Cloud Hybrid and its potential to revolutionize your workflow. Today, we’re taking it up a notch by introducing you to the world of Cloud integrations that will supercharge your Cloud Hybrid experience. Say Goodbye to Data Collection Hassles Ask any auditor, and they’ll.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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What accountants and payroll teams need to know about a potential Labour Government

Accounting Insight

We don’t have an election date yet, but it is overwhelmingly likely that there will be one next year. And the polls and recent by-elections results suggest the most probable outcome is a Labour Government. Nothing in politics is ever a sure bet, but it does make sense for accountants to start getting an idea about what changes Labour is keen to make should it win the election.

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Feds Charge Bitwise Founders with $100 Million Fraud Scheme

CPA Practice

By Jaimie Ding. Los Angeles Times (TNS) Federal authorities have charged the co-founders of Fresno startup Bitwise Industries with fraud months after the company laid off all of its employees and shut down without explanation. Irma Olguin Jr. and Jake Soberal surrendered to authorities Thursday after being charged in a federal complaint with conspiring to commit wire fraud and taking more than $100 million, U.S.

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Exempt vs Non Exempt Employee: What’s the Difference?  

inDinero Accounting

In August 2023, the Department of Labor proposed changing pay thresholds governing exempt vs. non exempt employees from protections under the Fair Labor Standards Act (FLSA). Should the change proceed, 3.4 million additional employees could be entitled to overtime pay. This change is not something for startups and small businesses to take lightly. Misclassifying employees as exempt can be an expensive headache for business owners.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.