Fri.Mar 31, 2023

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Customer satisfaction — it’s how Airbase continues to rank #1 on G2.

Airbase

Airbase is the highest-ranked mid-market spend management platform on G2 for the fourth quarter in a row! We hold the coveted top position on the Mid-Market Grid ® Report for Spend Management, Spring 2023. G2 classifies mid-market companies as those with 51 to 1,000 employees. And we hold the number two position overall for spend management, right behind Navan, who sits in the #1 spot for the Enterprise Grid.

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The Mystery Behind a $7B Estate Tax Payment

CPA Practice

Tim Fernholz, Quartz (via TNS). Sometimes it seems like billionaires can dominate our lives—or at least the news. A mystery in U.S. tax data, however, suggests at least one super-wealthy individual flew under the radar until the very end. The U.S. Treasury’s daily reports of government financial transactions turned up a surprising data point on Feb. 28, 2023: The deposit of $7 billion in the category of “estate and gift” taxes.

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Friday Footnotes: EY Partners Are Split on the Split; PCAOB Further Annoys Auditors; Recruiting Events Are Back! | 3.31.23

Going Concern

Remember tomorrow is April Fool’s. We aren’t planning anything, every day is a joke for us. For nostalgia’s sake, here’s a look back on the time we wrote only about bitcoin and put a fake bitcoin paywall on the site for a couple hours. People did not enjoy that. Big 4 EY Fails to Reach Deal on Split [ Wall Street Journal ] The unexpected revolt that has upended the planned breakup of accounting firm Ernst & Young is being driven by two longtime U.S. auditors who belie

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86% of Accountants Expect Technology to Drive their Firms’ Growth in 2023

CPA Practice

Technology continues to be a driver of growth for today’s successful accounting practices, and professionals know it, with a recent survey showing that 86% of respondents agree that technology will play a significant role in the growth and expansion of their practices in the next year. The survey was sponsored by Intuit Inc., a global financial technology platform that makes several professional, business and consumer tax and financial management systems.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Looks Like Deloitte Is Ditching Its Downtown Atlanta Office

Going Concern

Before anyone gets too excited, Deloitte isn’t going fully remote in Atlanta. Atlanta Business Chronicle reports Deloitte has not renewed its 260,000 square foot lease at 191 Peachtree according to loan documents reviewed by the Chronicle. It’s suspected that the firm is downsizing. Multiple sources with knowledge of the market say Deloitte is eyeing Midtown.

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West Virginia’s Largest Locally Owned CPA Firm Celebrates 50 Years

CPA Practice

Suttle & Stalnaker, PLLC, a full-service certified public accounting and consulting firm with offices in West Virginia, will celebrate 50 years of serving clients in and around the Mountain State in 2023. Suttle & Stalnaker, PLLC opened its doors in 1973 at the 4000 block of MacCorkle Avenue in Charleston, founded by Wallace F. “Jack” Suttle and David H.

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New Tax Relief for Emergency Expenses

CPA Practice

Qualified retirement plans, like the popular 401(k) plan, are meant to be used to accumulate savings for retirement. Accordingly, you may derive generous benefits for participating in a 401(k) or other qualified plan, while taking early distributions from your account are generally penalized. However, desperate times often require desperate measures, so you may have to tap into your plan.

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The Impact of Inflation On Nonprofits

GrowthForceBlog

7 min read The target inflation rate which is usually regarded as normal or acceptable is 2%, according to the Federal Reserve [1].

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Financial Accounting Standards Advisory Council Meeting Recap

CPA Practice

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics. Definition of a Derivative : Council members discussed the Board’s research project on the definition of a derivative and provided input about potential refinements to the scope of Topic 815, Derivat

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iwoca research reveals top 5 SME concerns in 2023

Accounting Insight

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses were most worried about as they entered 2023. Small business lender iwoca’s latest SME Expert Index data – based on UK finance brokers who submit over 2,000 SME finance applications a month – reveals a third of experts (32%) report increased business running costs as small businesses’ top concern.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Top Reasons to Switch to Advisory Services and the Tools to Get You There

CPA Practice

By Kristen Keats, CPA. The accounting profession has been seeing a shift over the last several years where firms are moving away from compliance and leaning into providing advisory services year-round. This shift has been spearheaded by customers wanting more guidance and financial support from their tax professionals instead of only a tax return once a year.

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Carbon accounting 101: What is it and why you should do it

Accounting Insight

In recent years, or even just the last few days, you’ll no doubt have heard companies making big claims to be ‘carbon neutral’, ‘climate positive’ or to become ‘net-zero’ by a certain date. Noble, no doubt, but all a bit arbitrary unless backed by solid evidence. To add foundations to your ambitions, you need carbon accounting… What is carbon accounting?

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Local Man Offers Terrible Advice to Desperate New Mexico Taxpayers

Going Concern

Today is March 31, meaning there are 18 days left to file (198 days if you followed your CPA’s recommendation to kick the can down the road with an extension) and it is not the time to be shopping for a tax preparer. Add to that — and this bit is for any taxpayers who aren’t tax preparers reading this — this tax season in particular has been rough for clients.

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Ananda Lavingia, HR Manager, Award Winner

DMCL

Congratulations to our very own Ananda Lavingia , Human Resources Manager, for being chosen as a 2023 Moore North America Emerging Leader Award winner! Ananda is one of five recipients of this year’s award, selected from across the Moore North America network of firms for their contributions to Moore, their organization, their community and the accounting profession as a whole.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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AICPA Expresses Support for Bipartisan Supply Chain Disruptions Relief Act

CPA Practice

In a letter sent to members of the U.S. Senate and the U.S. House of Representatives, the American Institute of CPAs (AICPA) expressed its strong support for the Supply Chain Disruptions Relief Act. The bills – S.443 and H.R. 700 – led by Senators Sherrod Brown (D-OH) and Tim Scott (R-SC), and Representatives Jodey Arrington (R-TX) and Dan Kildee (D-MI) would allow automobile dealerships to choose to wait until as late as 2025 for their inventory to be replaced in order to determine the income a

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Small business management challenges and how to overcome them: from marketing to HR

Reckon

“Managing a small business can be a rewarding experience,” says Grace Morris, Digital Content Specialist at Traqq. “With the right strategies and work policies, you can build a formidable brand, beat challenges, and scale your business.” There are more than 2 million small businesses in Australia , and if they share anything in common, it’s management challenges.

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The Technology Lab Podcast – Review of FloQast – April 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review FloQast , an accounting workflow automation solution, designed by accountants for accountants. Click here to visit the podcast page.

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Better Than The Alternative

RitaKeller

“ The greatest glory in living lies not in never falling, but in rising every time we fall.” -Nelson Mandela Here’s a Flashback Friday post that will help you get through these last couple of weeks of tax season. It is titled “ I Like Living.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Modernizing Manufacturing Operations & Visibility Across the Supply Chain

Cherry Bekaert

Thompson Tractor Company (Thompson) was founded in 1957 by Hall W. Thompson and employs more than 1,500 people throughout the southeast. This family-owned company is a full-line Caterpillar and Hyundai equipment dealer headquartered in Birmingham, Alabama. They specialize in the sales and rental of service and parts for earthmoving, construction, paving, forestry, electric power generation, on-highway truck, marine propulsion and material handling purposes.

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H&L: capitalising on the digital world

Menzies

Menzies LLP - A leading chartered accountancy firm. What do you need to look out for in this digital world? There are several digital elements that your H&L business can leverage, from Search engine optimisation (SEO), website development, user experience analysis, social media, Pay per click (PPC) campaigns and many more. But what are the quick wins and where should you reach out for additional support?

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UWorld Offers Scholarships for CPA Exam Review Course

CPA Practice

UWorld will award five scholarships through UWorld Cares , the company’s employee-led philanthropy initiative dedicated to helping students achieve their education and career goals. In this program, each scholarship covers the full tuition of UWorld’s Elite-Unlimited CPA Exam Review course , valued at more than $3,000. The recipients will be selected based on merit, extracurricular achievement, and financial need.

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New Law Revamps Retirement Saver’s Credit

CPA Practice

If you recently entered the workforce, you may benefit from the “retirement saver’s credit.” Thanks to a special tax law provision, you can reduce your current tax bill by as much as $1,000 for single filers or $2,000 for joint filers when you make a contribution to qualified retirement plan, like a 401(k) at your first job. Similarly, this tax break may be available to someone else in the family, such as an adult child.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.