Sat.Mar 23, 2024 - Fri.Mar 29, 2024

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Foundational skills for young accountants

Accounting Today

Experts highlight tech savviness and strong communication as key skills for early-career accountants.

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Here’s the Projected Pay Range for Seven Accounting and Tax Roles in 2024

CPA Practice

Salaries for an accountant are expected to range, depending on experience, from $57,719 to $104,788 in 2024, as the balance of power tilts slightly back toward employers with the Great Resignation winding down , according to the 2024 Salary Guide from staffing agency Randstad USA. “Recent years have seen a talent market dominated by rising salaries, candidate scarcity, and the vast majority of power sitting with the candidates themselves, rather than employers.

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Trending Sources

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Tax season so far: Looking for answers

Accounting Today

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 millions visits through March 15.

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How Agency Owners Can Work Less and Earn More with Karl Sakas

Summit CPA

Karl Sakas reveals how he gets clients through growth plateaus while working less and earning more through marketing agency operations.

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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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Three-year-old startup bets AI can help fix accountant shortage

Accounting Today

Fieldguide raised $30 million in funding led by Bessemer Venture Partners to further its goal of using AI to alleviate an acute shortage of accountants worldwide.

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Chris Meyer on Empowering Accountants: Enhancing QuickBooks Online Analytics with Finatical Software

Insightful Accountant

Gary DeHart hosted the Accounting Insiders podcast with Chris Meyer, CEO of Finatical Software. They discussed Chris's transition from accounting to software development and his focus on financial analytic solutions for QuickBooks Online users.

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Accountant Accused of Stealing From Clients Arrested For Third Time, Police Say

CPA Practice

By Josh LaBella, The Register Citizen, Torrington, Conn. (TNS) A local accountant has been accused for a third time of stealing from a client, police said. New Milford (Connecticut) police said Monday that Carl Benjamin Anderson was arrested March 12 and charged with third-degree larceny. Police said Anderson was found stealing from a local small business owner who hired him to perform bookkeeping services.

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Art of Accounting: Taking your practice to next level

Accounting Today

Growing a firm is difficult, but not growing it could be more difficult.

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6 Steps to Getting Sales Tax Right in 2024

TaxConnex

We are at the end of Q1 of 2024 and continue to discuss how to ensure your business is set up to get sales tax right in 2024. If you’re like the over 49% of businesses who participated in our annual sales tax trends survey and are unsatisfied with the way you are managing sales tax, then you’re in the right place. The complexities surrounding managing your sales and use tax obligations continue to evolve and perplex businesses of all sizes.

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Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups

BurklandAssociates

For venture-backed startups looking to optimize costs without compromising on financial expertise, hiring a fractional CFO can be a game-changer. The post Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups appeared first on Burkland.

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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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Navigating Business Tax Services in Whittier, California

MyIRSRelief

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting. This article aims to provide a detailed overview of various business tax services, focusing on the needs of businesses in Whittier, California, and how they can effectively manage their tax obligations.

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Simplified Strategic Planning for Government Contractors

Acterys

Strategic planning is essential to any government contractor’s success, but that doesn’t mean it has to be complex. Simplified strategic planning focuses on setting clear objectives, understanding your government customer’s needs, and aligning business capabilities accordingly. Instead of endless spreadsheets and getting lost in unimportant details, simplified strategic planning combines collaboration, the latest technology, and an outcome-focused planning process.

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Is there room for number crunchers?

Accounting Today

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

By Jay Weaver, Miami Herald (via TNS). When the coronavirus threatened to turn the nation into a graveyard of failed businesses, Congress rushed through an emergency loan program: about $800 billion — roughly the size of the annual defense budget — was doled out in a matter of months to millions of companies. There were few strings attached: the U.S.

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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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Cheap-Ass Firms Are Loving This Outsourcing Thing

Going Concern

Is no one concerned about the brain drain happening at the lowest levels as all the grunt work that used to train newbies gets sent overseas? Are we quickly headed toward a world where entire teams from manager on down are in another country? And does this mean clients will get a break on fees since the talent is so much cheaper? LOL to that last one.

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How Law Firms Can Get Started with Cash Flow Management

Anders CPA

Cash flow management is a lot like a road trip: If you want to know the answer to, ‘Are we there yet?’ you need to start with a destination in mind. In cash flow management , we call that a target, and it generally needs to be somewhere between 10-30% of annual revenue, depending on the size and type of your law practice and the length of your cash cycle.

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Tax the rich is actually a popular bipartisan stance, poll shows

Accounting Today

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin.

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IRS: Time is Running Out to Collect Over $1 Billion in Tax Refunds For 2020

CPA Practice

By Alvin Buyinza, masslive.com (TNS) Nearly 940,000 Americans have unclaimed tax returns from 2020 and face a May 17 deadline if they want to get it back, the IRS announced on Monday. Due to the hundreds of thousands of Americans who’ve yet to file their 2020 tax returns, the IRS estimates there are more than $1 billion in unclaimed tax refunds, the agency stated in a news release.

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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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Weekend Discussion: Does Leadership Even Know What Gen AI Is?

Going Concern

KPMG put out results from a GenAI survey recently and it made this thought I’ve had bubbling in my mind for a while boil over: Does leadership even know what it is or are they just saying this because they don’t want to seem out of touch? Some key points from the KPMG survey, as key-pointed by KPMG: 97% of leaders are investing in GenAI over the next 12 months, with 43% of leaders saying their organizations plan to invest $100 million or more. 51% of leaders are currently measuring G

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Glazier to Union Leader: An Interview With Trailblazer Madison Hull

Withum

In celebration of Women’s History Month, Withum’s Multiemployer Benefit Plans and Labor Unions Service Partner, Jessica Roster , had an insightful conversation with Madison Hull, the Director of Service and President at District Council 16 International Union of Painters & Allied Trades. Madison’s professional journey is nothing short of remarkable.

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$1B in 2020 tax refunds remains unclaimed

Accounting Today

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

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IRS on Track to Give Fewest Tax Refunds in at Least 15 Years, Data Shows

CPA Practice

By Dave Eisenstadter, masslive.com (TNS) With this year’s tax filing deadline approaching, IRS reporting continues to show millions fewer refunds this year compared with last year. Records obtained from the IRS show that this year’s tax season is on track to have the fewest refunds in at least 15 years. As of the week ending March 15, the most recent data available , the IRS had issued just over 49 million tax refunds, close to 9% lower than at that point in the tax season last year, when near

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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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Work Smarter with Microsoft Copilot and Office 365

Cherry Bekaert

Organizations across the globe are struggling to keep up with the pressure of demands and the pace of work. According to a Microsoft 2023 Work Trend Index Annual Report survey , 68% of people say they don’t have enough uninterrupted focus time at work; 62% of people are spending too much time searching for information; and 57% of an employee’s time is spent on communication through meetings, email and chat.

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Xero invoicing: how we’re building a smarter, more flexible future

Xero

We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. We know you have plenty of questions and concerns about this change, so we thought we’d share an update on what’s happening behind the scenes. The good news: our teams are busy building a new invoicing product that is going to give you far more flexibility and customisation in the future, with beautiful checkout experiences and unlimited payment methods.

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Tech news: FloQast automates with AI

Accounting Today

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

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More Companies Adopt 4-Day Work Week

CPA Practice

By Lizzy McLellan Ravitch. The Philadelphia Inquirer (via TNS) Software engineer Julian Plotnick made a pitch to his company’s CEO last year: Let me work one less day per week, 32 hours total, without a cut in pay. The answer was yes, and after six months of Plotnick testing it out, the Philadelphia consulting firm Metropolitan Acoustics is working on transitioning its entire 12-person staff to a four-day work week.

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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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Navigating the Complexities of Delaware Statutory Trusts

Cherry Bekaert

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. DSTs are considered securities under federal law and hold fractional interest. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange.

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Predictions for Post Election Tax Law Changes

Insightful Accountant

The Senate Finance Committee recently held a hearing to discuss Biden’s proposed budget and tax law changes and tax pros are now speculating what those proposals may mean for the rest of 2024.

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AI accounting startup raises $100M

Accounting Today

The Series C round was led by the Israel-based Key1 Capital fund and joined by Euclidean Capital, with funds managed by Hamilton Lane.

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What the Antitrust Case Against Apple Means for Everyone with an iPhone

CPA Practice

By Wendy Lee, Los Angeles Times (via TNS). Cheaper app subscriptions. Additional payment options. Greater freedom for app developers on the App Store. More consumer choice. Those are some of the possibilities that consumer advocates hope will come to pass for users of Apple iPhones, iPads and other products if the U.S. Department of Justice wins its long-awaited antitrust lawsuit against the Cupertino, California, tech giant.

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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.