Wed.May 11, 2022

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Accountants Didn’t Wind Up In Court As Often In 2021

Going Concern

While there were plenty of accountants who behaved badly in 2021 , the accounting profession as a whole was fairly well-behaved and competent last year, according to a new report from Cornerstone Research. Good job, everyone. From the report, Accounting Class Action Filings and Settlements – 2021 Review and Analysis : Reversing a three year trend, the number of securities class action filings involving accounting allegations dropped in 2021.

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The Top 22 Questions to Ask in an Accounting Interview

Ryan Lazanis

When it comes to finding the perfect accounting professionals for your accounting firm, make sure that you have the right questions to ask in an accounting interview in order to get a sense of their qualifications and experience. Asking questions is the best way to determine if a job prospect is truly right for the job description, and it can also help you get a sense of their experience and expertise.

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Types of Trusts

KROST

In the last article in our series , we covered the benefits a trust offers for creators and beneficiaries. In this article, we’ll dive into more detail about the types of trusts that can be established and the pros and cons. Types of Trusts. Revocable Trusts. Revocable trusts (living trusts) can be changed or canceled at any time by the grantor (trustor, creator), who often acts as the initial trustee.

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How to Calculate Net Pay for Payroll

Patriot Software

Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay. After all, you want to […] READ MORE.

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Planning Your Restaurants 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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Xero’s full year 2022 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2022 (FY22). Our strong financial result reflects the benefits of Xero’s commitment to invest for the long-term to support our strategy and focus on current and future customer needs. In FY22, Xero grew operating revenue 29%, and exceeded the milestone of a billion dollars for the first time to reach $1.1 billion.

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Three Financial Statements Skagit County SMBs Need To Get Right

SkagitCountyTaxServices

If you’re a successful Skagit County business owner in this high-pressure time, you’ve learned to master the art of the pivot. Pivot on pricing, pivot on operations, pivot on hiring, pivot on supply, pivot on financials… Successfully pulling it off is impressive – really. As someone who works closely with a LOT of SMB owners, believe me, I know that it ain’t easy.

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Azure AD Connect 1.x Is Retiring – What You Need to Know 

Withum

Earlier this spring, Microsoft announced that they are?retiring and ending support?on all Azure Active Directory (Azure AD) Connect 1.x versions. On August 31, 2022 , all 1.x versions of Azure AD Connect will be retired because they include SQL Server 2012 components that will no longer be supported. What Does This Mean? ?. While many components in Azure AD Connect will continue to work past the deadline to upgrade, there may be technical difficulties once Microsoft depreciates the authenticatio

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Accounting software firm iplicit unveils new Automation Centre at Accountex

Accounting Insight

True cloud accounting software provider iplicit has today (11 May) launched its Automation Centre feature at Accountex. Enabling organisations to increase efficiency, reduce human error, eliminate manually intensive processes, the iplicit Automation Centre can save accounting and finance teams hundreds of hours every month. Unlike other systems in the marketplace, London-headquartered iplicit’s functionality at the heart of its software, doesn’t just focus on automating specific areas of functio

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General Ledgers at Scaling New Heights 2022 (Part 1)

Intuitive Accountant

Murph tips his Stetson to a few of the General Ledgers appearing at this year's 'Scaling New Heights.' And when a guy tips his Stetson, it's like he's acknowledging the other party's existence.

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NextGen Legal Podcast

Withum

Join Us on Our Next Episode. The legal market is shifting rapidly as the next generation of lawyers and professionals assume leadership roles throughout the industry. What impact will these fresh perspectives and new ways of doing business have on the industry? Withum’s NextGen Legal podcast features candid conversations on leadership, innovation, technology, culture, well-being and sweeping changes across the legal market.

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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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What a Sh*tty Way to Find Out You’ve Been Laid Off

Going Concern

Getting laid off sucks. It has happened to me twice in the past 23 years. I’ve also been fired once for poor performance, but unlike the two times I was laid off, I knew exactly when I was being fired. I hated my job, I hated my boss (I was her only employee and she didn’t like me either), and my employer wasn’t that great. So my boss told me exactly which day I would be losing my job.

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Deep Dive into Profit-Sharing Plans: Employee Stock Ownership Plans

Summit CPA

Employee stock ownership plans (ESOPs) are a unique type of profit-sharing plan , in that they also serve as a qualified retirement program. ESOPs are a way to incentivize employee performance by allowing staff members to invest in their respective companies.

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Is now the best time to invest?

Menzies

Menzies LLP - A leading chartered accountancy firm. Coronavirus and now the war in the Ukraine have had a huge impact on the global economy. While many people have seen the value of their pensions and investments fall, the wise amongst us may see this as a buying opportunity while prices are lower. If you are holding off making the decision as whether to invest or not, please read on.

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How to forecast revenue and growth

Basis 365

Future business planning is based on your business revenue forecast. Therefore, it is essential to estimate how much money you will make each year, how much cash flow you expect, and what kind of growth your business might experience. Unfortunately, revenue forecasting does not give exact numbers for your annual earnings. However, it does provide several methods to help you forecast your revenue accurately.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Hacks and Smart Practices for a Much-Needed ECommerce Business Boost

Snyder

The COVID-19 pandemic dramatically influenced the eCommerce industry, driving rapid growth as more consumers entered the digital marketplace. Thanks to its growing landscape, the eCommerce space offers business owners and entrepreneurs the opportunity to create sustainable businesses and expand at scale. That scale requires an understanding of the current landscape while balancing ongoing pandemic risks.

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Recognizing the Red Flags of Fraud

FraudFiles

People who steal from their employers often exhibit telltale characteristics that could tip off management that they’re likely to commit fraud. These characteristics include attitudes on the job, daily work habits, and personal lifestyle issues. A few of these traits alone do not indicate fraud, but the potential for fraud to occur rises with more of the characteristics in an employee.

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Deloitte opens DEI Institute

Accounting Today

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Updates from First AccountingWeb Summit Live

Intuitive Accountant

Liz Scott provides an up close and personal look at the events, the people and the vibe from California.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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CEOs who take risks with sports may do the same with taxes

Accounting Today

Sports 101
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Training

RitaKeller

“Learning experiences are like journeys. The journey starts where the learning is now and ends where the learner is more successful. The end of the journey isn’t knowing more, it’s doing more.” – Julie Dirksen. I have been thinking about training. You attend an internal, tax update training session and you learn so much.

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Worn out from tax season? Don’t sell, plan your succession

Accounting Today

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How to Build a Better (Customer Experience) Mousetrap

Lockstep

Guest Contribution from Fortis. Prior to the pandemic, if your business preferred sending paper invoices and accepting/using paper checks to process accounts receivables, your customers accepted it or found another vendor that offered other ways to pay. Today, if your accounting team is still using an antiquated workflow or a less than successful hybrid of online and offline systems, and the bills are getting paid, it really doesn’t matter, right?

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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.

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Better than spreadsheets, and other tech stories you may have missed

Accounting Today

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What is a Balance Sheet vs. Income Statement?

xendoo

Balance sheets and income statements are indispensable financial tools for all business owners. What should businesses know about the balance sheet vs. income statement? The two complement each other in tracking vital financial metrics such as net income, expenses, profitability, and more. However, there are differences between the two documents. Understanding these statements can be the first step in making better financial decisions and improving your business performance. .

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The new normal for CPA firms? Maybe not

Accounting Today