Sat.Oct 01, 2022 - Fri.Oct 07, 2022

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These 10 LCOL Cities Are Expected to Have Higher-Than-Average Public Accounting Starting Salaries in 2023

Going Concern

Over the last week we ’ve taken a look at projected public accounting starting salaries in 2023 for eight cities with a high cost of living and 12 cities with a medium cost of living , and how those salaries compare to the national averages contained in the 2023 Robert Half Accounting & Finance Salary Guide. Today we’re going to examine next year’s PA starting salaries for 10 cities considered to have a low cost of living.

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Is the U.S Headed Towards a Recession?

GrowthForceBlog

6 min read. Following the economic struggles of the pandemic, most people had high hopes for the return of a strong economy by 2022.

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How to manage sales tax obligations

TaxConnex

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. That’s a great first step. Now you must collect, file, and remit sales tax in multiple states. You have multiple options: manage everything in-house, outsource compliance to an experienced provider, utilize sales tax specific software, leverage some combination of all of these, or do nothing and roll the dice.

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Why Tax Planners Need a Written Tax Plan

CTP

What if there was a straightforward way to improve profitability and reduce liability for your tax practice? Creating a written tax plan can separate the professionals from the amateurs. Anyone can come up with an idea and call it a tax plan. The real question is whether that idea will hold up under scrutiny. Will your client actually implement the plan and realize the savings?

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Deloitte launches artificial intelligence initiative

Accounting Today

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We’re Going to Solve the Accounting Pipeline Shortage With 2013 Buzzfeed Quiz Results, You Guys

Going Concern

With the accounting pipeline drying up, the profession is throwing all kinds of things at the wall to recruit young people hoping just one of them might stick. One such venture is Accounting+ , a Gen Z-ified recruiting site brought to you by the Center for Audit Quality that might give young people the impression that the profession is far less Caucasian than it actually is if you believe the images on the front page ( you shouldn’t ).

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What is Venture Capital? How it can help you raise finance for growth

Wellers Accounting

Ercan Demiralay FCCA explains what venture capital funding is and how it can work to help grow your SME business.

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Pathways to Growth: Take five to grow

Accounting Today

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M&A negotiations and sales tax liability

TaxConnex

It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million risk in past sales tax obligations and compliance. The buyer looks to secure against the risk via escrow – on the conservative, high side – and requires the seller to mitigate the risk. Let’s say you’re the seller. Do you have solid positions and reasons for your sales tax decisions?

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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Some may wonder why we have to pay them and for what purpose.

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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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Three Cybersecurity Gaps Not to Overlook

Withum

Cybersecurity Awareness: A Business Imperative. The landscape within cybersecurity has moved, and it is not just regulated industries that really need to be concerned about cybersecurity. Cybersecurity is a business imperative for all. It is a business decision to implement the best security practices to keep you, your business and employees safe. Three Cybersecurity Gaps.

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IRS to target abusive ERTC claims

Accounting Today

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Shifting Competencies in Project Mangers

SMBAccountant

The field of project management is constantly evolving to meet the needs of the modern workplace. Tools, techniques, and competencies that were prioritized when hiring or leading a project have shifted, especially in the past 20 years. When studying the shift in competencies that work best for managers, the rise of information technology has been a key factor in the change.

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Important Sales Tax Updates All Startups Need to Know

BurklandAssociates

What is changing with the taxability of SaaS? Statistics estimate 80% of businesses plan to make all their systems SaaS by 2025, and the state legislatures are ‘trying’ to capture Read More. The post Important Sales Tax Updates All Startups Need to Know appeared first on Burkland.

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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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Federal Government Extends Deadlines for Hurricane Ian Victims, States Extensions Are Unclear

Withum

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. Even though Florida does not impose a state income tax, there has been no indication thus far that the filing deadline for the victims of Hurricane Ian, who have state income tax filing obligations in other states, has been extended.

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Lawmakers introduce bill to expand anti-money laundering due diligence by finance pros

Accounting Today

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A Bunch of Auditors at RSM F*cked Up

Going Concern

Today in Auditors Not Doing Their Jobs, the SEC has charged RSM, three senior-level employees who work there, and a couple partners with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s financial statements over a four-year period when Revolution was violating accounting principles by inflating revenue with bill and hold sales.

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Creating the VIP Client Experience Through Automated Services

CTP

When it comes to creating a peaceful and profitable tax practice, there is ONE recipe for success that you can ALWAYS count on: automation! Here’s the cold, hard truth: Client experience is what makes or breaks a tax practice. Without a thoughtful and efficient system in place, your clients may end up feeling confused, overwhelmed , and ready to move on to a new tax pro.

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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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Restoring Natural Habitats With the Irvine Ranch Conservancy

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Restoring Natural Habitats With the Irvine Ranch Conservancy appeared first on Withum.

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IRS extends time to 'perfect' R&D credit claims

Accounting Today

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PwC Plans to Poach Unhappy Senior Managers From EY

Going Concern

While the pundits are talking about how the EY split could completely change the accounting industry as we know it and inspire other firms to split once they see the truckloads of cash pulling up to EY partners’ houses, one industry vet is perched at the periphery with a stack of offer letters just waiting to snatch EY talent. PwC Chair Bob Moritz is ready — no, eager — to snatch up unhappy talent from EY, and recently told the Financial Times it would be easier to lure away se

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'Sage Transform 2022' Awaits — And Murph Will be There

Intuitive Accountant

Murph is off to Orlando for 'Sage Transform' — the conference for Sage Intacct users and partners. To get you ready, he thought he'd provide a preview of what he plans on covering.

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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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App Partners of the Month: Xerocon Sydney 2022 special edition

Xero

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. In September, Xero was joined by thousands of accounting and bookkeeping professionals at Xerocon Sydney.

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Accountants face a 'confused, unsettled world'

Accounting Today

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Jennifer McKinney Bankruptcy Round 2

FraudFiles

Jennifer McKinney: Deadbeat. Yesterday my friends over at MckFacts informed me that our pal Jennifer McKinney was recently in bankruptcy court again. Back in 2012, Jennifer and her (soon-to-be ex-) husband Israel McKinney filed bankruptcy and eventually had it denied because of their attempted fraud on the court. The primary problems were a failure to disclose certain assets and income.

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Opening Up the Payment Flow

Intuitive Accountant

Corpay Payables' Sven Hinrichsen explains how more efficient payments today mean more efficient supply chains tomorrow.

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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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Here Are the Projected 2023 Public Accounting Starting Salaries in Eight HCOL Cities

Going Concern

ICYMI yesterday, we reported that starting salaries for public accounting next year are expected to increase between 2.3% and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. Last year around this time we looked at how public accounting starting salaries in five cities with the highest cost of living —San Francisco, New York City, Washington, DC, Boston, and Seattle—compared to

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IRS nabbed 79 fugitives in Latin America

Accounting Today

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How to Package Your Bookkeeping Services [Guide]

Ryan Lazanis

In this guide, I’ll describe how to package bookkeeping services in a way that’s highly profitable but also very appealing for your clients. Let’s get to it. Table of Contents. What Does Packaging Your Bookkeeping Services Mean? Why Does Packaging Your Bookkeeping Services Matter? What Bookkeeping Services Can Be Packaged? How to Package Your Bookkeeping Services.

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Receivables fintech Chaser provides a failsafe method for businesses to reduce late payments with direct debit and automated follow-ups

Accounting Insight

Chaser, the global accounts receivables SaaS platform and credit control service provider launched direct debit functionality, allowing users to get predictable payments from their customers and follow up with automated, personalised emails and texts when payments fail. Many businesses believe that direct debit payments will give them reasonable certainty around payment collection, which makes their internal forecasting easier and allows customers to smooth out the payment of their services even

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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.