ThomsonReuters

JUNE 8, 2023

In today’s competitive audit landscape, organizations must stay ahead of the curve to ensure they have the best audit staff in their workforce. To do this, it is essential to have a comprehensive recruitment and retention plan that incorporates key strategies such as technology, data analytics, and fostering an engaging work environment. These strategies help companies make informed decisions about their recruitment and retention processes by optimizing their recruitment process with techn

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Ryan Lazanis

JUNE 8, 2023

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining. Let’s go! Table of Contents What are Accounting Forums?

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Airbase

JUNE 8, 2023

​ Calculating a return on investment for new software purchases is a good way to make decisions about where to spend your time and capital. It quantifies the benefits resulting from the software’s use and can therefore serve as a metric to compare the relative value of different projects. To use it for comparison purposes, however, requires consistency of measurement across solutions, even when measurement can be difficult.

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Basis 365

JUNE 6, 2023

Managing your finances as a business owner involves the challenge of determining your own compensation. Balancing personal expenses with the need to reinvest in your business requires careful consideration. Outsourced accounting can be a valuable resource in this regard. How to pay yourself as a small business owner When it comes to paying yourself as a business owner, several factors come into play.

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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.

Finance

Insightful Accountant

JUNE 5, 2023

Roz Strategies CEO Michael Rozbruch steps into the tax preparation space with some timely tips on why it might be time to get paid more for what you do.

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tax preparation Tax 52

Withum

JUNE 8, 2023

Architectural and engineering firms engaged in contracts that call for billing based upon an overhead rate are challenged to find balance between an optimal and competitive overhead rate. Since the overhead rate has a direct effect on the consultant’s profit margin, an ample overhead rate is essential. In order to ensure your firm is calculating an optimal overhead rate, there are several areas to consider.

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general ledger Transportation accounting software payroll 52

Cherry Bekaert

JUNE 8, 2023

Internal audits are critical to a company’s organizational processes and are typically a mandatory annual requirement. These audits serve to independently review the internal processes and controls within a company. They also ensure the company’s books and financial systems are managed seamlessly. Additionally, internal audits help identify potential control gaps within these areas and recommend the proper solutions for addressing them.

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Insightful Accountant

JUNE 6, 2023

You can use your potential as a CEO Whisperer to offer differentiated advisory services. In Part 1 of G76's Peter Mares' four-part series, learn how to elevate your services from rules-based to value-based advisory. Sign up for the webinar, too.

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Reckon

JUNE 6, 2023

Yep, it’s that time of year again – 1 July 2023 is looming, and you need to get your ducks in a row. You not only have to be ready for the new financial year, but you should also be tying up the previous year by ticking off some tasks that tend to fall by the wayside. That’s right – it’s time to spring-clean your small business financials! Basic EOFY checklist First up, there are some basic compliance must-dos you’ll need to take care of.

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TaxConnex

JUNE 8, 2023

TaxConnex ® is excited to announce the launch of a new client portal, Client Connexion. Client Connexion will provide a streamlined client experience and enhanced data security through an intuitive user interface and encrypted portal. Clients will be given individual logins to provide their data, review their cash requests, pull reports, and tax returns, and view historical data, thus removing some of the manual processes clients and practitioners navigated through previously.

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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.

Technology

MyIRSRelief

JUNE 9, 2023

I have to start by stating that this “Final Notice notice of intent to levy and notice of your rights to a hearing, please respond immediately” is one of the most important and urgent IRS notice a taxpayer may receive, and although it is so important as it would lead to levying your bank accounts, paychecks etc., many taxpayers unintentionally ignore it.

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tax return Tax Start-ups public accounting 147

CPA Practice

JUNE 6, 2023

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession. The 2023 awards were presented at a ceremony at Dolby Live Stage at the Park MGM Casino during the AICPA ENGAGE conference in Las Vegas on June 6, 2023.

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BurklandAssociates

JUNE 7, 2023

M&A resources to help your startup secure the best deal, negotiate favorable terms, and mitigate potential risks. The post M&A Resources for Startups appeared first on Burkland.

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Going Concern

JUNE 6, 2023

It’s gonna be a lame summer for EY interns as the firm has trimmed internships down to six weeks and is withholding both Disney AND intern gifts. When it happened in winter, interns were apparently told it was “ because of budgeting due to the potential split.” Now that the Project Everest split is a no-go it’s “supply chain issues” and someone isn’t happy.

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accountant accounted Account 122

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.

payroll

Insightful Accountant

JUNE 5, 2023

Insightful Accountant is proud to announce the Top 100 ProAdvisor and Top 25 Up-n-Coming ProAdvisor Award Recipients for 2023.

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CPA Practice

JUNE 6, 2023

~ “Trying to stop … generative AI is like trying to stop the calculator.” ~ “It’s here, it’s going to be complex socially, and I’m worried about the next election cycle.” ~ “The deep fake AI videos and audio are the most concerning.” ~ These functions “will lead to elder abuse in the form of getting scammed by con artists.” [These are quotes from several attendees of the 2023 Accounting Think Tank.

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Xero

JUNE 8, 2023

If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.

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Going Concern

JUNE 8, 2023

A quickie from Sydney Morning Herald on yesterday’s Senate committee hearing in which KPMG Australia CEO Andrew Yates took the opportunity to throw some barbs at PwC while he has the chance: KPMG boss Andrew Yates publicly rebuked PwC for the tax scandal that is impacting the entire multibillion-dollar financial consulting industry while apologising for his firm’s own failings, which include 1000 staff cheating on an exam about acting with integrity in their work.

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Legal Tax Government 114

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.

Finance

Insightful Accountant

JUNE 8, 2023

Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.

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quickbooks 114

CPA Practice

JUNE 5, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.

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income tax Tax Sports Nevada 118

Cherry Bekaert

JUNE 9, 2023

Authors: Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services | Louis Liu , Manager, Risk & Accounting Advisory Services Digital assets and the underlying technology have taken the marketplace by storm in recent years and accountants are not immune. Whether implementing for increased efficiency, new product or service offerings, added security measures or supporting new business models, it is quickly becoming vital that the accountants understand the importance, impact

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Going Concern

JUNE 5, 2023

For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to “ create a buzz around returning to the office ,” luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after the pandemic began, the firm also came up with “The Deal,” an ominously-named framework built on ‘Empowered Flexibility’ that trades leaving early on Fridays in the summer i

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Washington Start-ups Technology 105

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.

CPA

Insightful Accountant

JUNE 9, 2023

See how the First Real-Time Payments only solution empowers US businesses to get paid up to three days faster, while saving money on processing fees and streamlining workflows with automatic payment reconciliation.

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CPA Practice

JUNE 8, 2023

As the AICPA & CIMA hosted its annual Engage Conference in Las Vegas this week, it also broadcast its 100th AICPA Town Hall live from the Dolby Stage before more than 1,000 live attendees, and thousands more watching live online. Hosted by CPA.com CEO Erik Asgeirsson, the CPE-eligible live broadcast Town Hall events are 1-hour in duration, and were started at the onset of the COVID-19 pandemic, as a means of keeping professionals up-to-date on key issues, regulatory and legislative activitie

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SchoolofBookkeeping

JUNE 8, 2023

Is't that time of year, time for the next round of Pricing changes and trying to decipher what they mean to our clients, and our firms. In an email sent June 8, 2023, The QuickBooks Team outlined upcoming change for the QuickBooks Online, Online Payroll, and Online Payments products and service. We will comb through this email and offer our take on what this means to you as a QB Online user or those who support QuickBooks Online Clients.

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Going Concern

JUNE 9, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Dumpster Fires PwC’s head of reputation quits as firm’s horror show continues [ WAtoday ] The public relations department of embattled consulting giant PwC has not been a happy place of late.

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audit auditor Virginia accounting and finance 104

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

Spend Management

Insightful Accountant

JUNE 8, 2023

Intuit has unleashed the power of generative AI on its platform to ignite innovation at scale for millions of consumer and small business customers.

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CPA Practice

JUNE 8, 2023

By Muri Assunção, New York Daily News (TNS) The U.S. Supreme Court ruled May 25 in favor of a 94-year-old woman who didn’t receive a single dime after her Minneapolis condominium was seized by authorities and sold over a small unpaid tax bill. In a unanimous decision, the nine justices ruled that the constitutional rights of Geraldine Tyler were violated after Hennepin County in eastern Minnesota sold her one-bedroom unit for $40,000 in 2016.

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Withum

JUNE 8, 2023

Withum is proud to announce that the National Association of Certified Valuators and Analysts® ( NACVA® ) named Henil Shah as a 30 Under Thirty Honoree. Henil is a manager in Withum’s Forensic and Valuation Services Group. He has seven years of experience in providing business valuation and transaction advisory services for a multitude of industries, including technology, consumer products, life sciences, and others.

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Going Concern

JUNE 7, 2023

A second large pension fund has severed ties with PwC Australia as a direct result of the leak of confidential tax intel the firm used to sell tax avoidance schemes to certain VIP clients. Australian Retirement Trust is the second largest pension fund in the country and joins largest fund AustralianSuper in breaking up with the most prestigious of Big 4 professional services firms.

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