Wed.Jun 07, 2023

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Increase Accuracy and Efficiency with Recurring Task Enhancements

Canopy Accounting

What's new: We’ve enhanced the experience of creating and managing recurring tasks within Canopy’s Workflow module to provide more flexibility, context, automation, and accuracy related to work within your firm. These enhancements allow users to create tasks to recur on a schedule based on the tasks due date (not just on completion), automatically create tasks within a specified amount of time before a task due date, and set recurring details on a template.

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M&A Resources for Startups

BurklandAssociates

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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Naughty PwC Is Bleeding Big Pension Clients

Going Concern

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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Kimberly Ellison-Taylor, CPA.CITP, CGMA – 2023 Most Powerful Women in Accounting

CPA Practice

Kimberly Ellison-Taylor, CPA.CITP, CGMA 2023 Most Powerful Women in Accounting Chief Executive Officer KET Solutions, LLC How do you envision the accounting profession evolving in the foreseeable future for women? In order to maintain competitiveness and relevance, the accounting profession must continue to evolve. There is no other option if we want continued success.

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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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Tax Credits: Cash Savings for Technology Companies as They Scale

Cherry Bekaert

Leaders of technology companies – particularly those in the startup phase or strapped for cash – have a lot to mentally juggle in their day-to-day operations. However, one area of the business they should pay attention to are the state and federal credits available to them. Tax credits for technology companies may save money and time, creating opportunity to manage and optimize their business more effectively.

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A Second Look at Wholesale Payroll

Insightful Accountant

Murph takes one of his second look at a payroll program designed for accountants, bookkeepers and consultants wanting to offer payroll to their clients.

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Rising Technology Trends in the AEC Industry

GrowthForceBlog

6 min read Along with new and innovative technologies, business changes quickly, and the AEC industry is no exception. Key Takeaways Cloud Technology for Project Management: Cloud technology, the practice of sharing and storing information on remote databases that are accessible from anywhere with an internet connection has revolutionized… Outsourcing Via Cloud Computing: AEC firms are increasingly using outsourcing to mitigate risk and save money, time, office space, and other resources… Evalua

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Online Marketing Options and Your Not-for-Profit

Withum

In its purest form, technology can be used to anyone’s benefit, and utilizing technology to find new ways to improve your not-for-profit organization has never been more accessible. Between the new metaverse, TikTok, and other social media platforms, there are endless ways to reach a new audience that can drastically improve your economic standing and get your message out into the world.

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SEC’s Regulatory Net Now Covers $120B of Crypto After Binance, Coinbase Lawsuits

CPA Practice

By Yueqi Yang, Bloomberg News (TNS) The list of digital tokens deemed as unregistered securities by the Securities and Exchange Commission now spans over $120 billion of crypto after the U.S. agency’s lawsuits against Binance Holdings Ltd. and Coinbase Global Inc. The regulator in the complaints against Binance and Coinbase cited more than a dozen major coins as assets that fall under its purview.

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Don’t Ignore This Step in Your Recruitment

Ryan Lazanis

Do you want to improve your recruitment process? In this week’s podcast episode, I discussed the step you have to include in order to get the best candidates who will elevate your firm. Listen below. 0:31 – Low performers will hinder your firm’s progress, whereas high-performing team members can help eliminate bottlenecks and significantly enhance your business’s capacity. 1:06 – Integrating a skill test into your recruitment process is a crucial step, typically con

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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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ForwardAI Launches Instant Payments to Improve SMB Cash Flow

CPA Practice

ForwardAI , a fintech providing aggregated direct data access to accounting and ERP platforms, has launched Forwardly , the first of its kind real-time payment (RTP) enabled cash flow management tool for small and medium sized businesses in North America. Forwardly was designed to help small business owners and accountants simplify their cash flow through instant payments.

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Layoff Watch ’23: RSM Is Getting Rid of Some ‘Highly Technical’ Consulting Folks

Going Concern

Heard a few grumblings about RSM layoffs earlier today, lo and behold there’s a Reddit thread. Text: Hearing rumors from multiple sources that RSM is conducting layoffs today and for the rest of the month. Areas impacted today: Transaction Advisory Services. If you are a client of RSM, ask for a new firm. Partners sending all the work to india and keeping the profits.

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The IRS is spending $80 billion to close the tax gap. How will it impact your taxes?

inDinero Tax Tips

In April 2023, the IRS received $80 Billion in a new budget as part of the Inflation Reduction Act. Recently, the agency revealed they’ll use some of those funds to hire thousands of agents to audit the filings of wealthy individuals and corporations to close “the tax gap.” Let’s look closer at where these funds will go and what implications the changes may have for taxpayers and business owners.

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Compliance, Reporting and Applications of New Markets Tax Credits

Cherry Bekaert

Learn the fundamentals of New Markets Tax Credit allocation applications, compliance, and reporting requirements. The guiding document for a Community Development Entity (“CDE”) is its NMTC Application, becoming the roadmap in the execution of the CDE’s goals and objectives. This course will help guide organizations through the steps of compliance, asset management and the accounting/bookkeeping needs for successful capital deployment.

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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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Guy Proposes Not Terrible Ideas to Get People Into Government Accounting

Going Concern

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. In March, Bloomberg reported that city credit ratings are at risk due to staffing shortages driving a lack of timely disclosures and filings.

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PCAOB Turns Up the Heat on Auditors to Find Fraud

CPA Practice

The PCAOB on Tuesday introduced a proposal amending current PCAOB auditing standards related to the auditor’s responsibility to detect noncompliance with laws and regulations, including fraud, in the audit of a public company. Erica Williams If the proposed changes are approved, they would strengthen auditor requirements to identify, evaluate, and communicate to management and the audit committee possible or actual noncompliance with laws and regulations, thereby enhancing investor protection, t

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Just A Friendly Reminder: Don’t Wait Until October 16 to File Your Federal and California Taxes

LSLCPAs

In case you forgot or thought you were dreaming when we issued our alert “Wait…What? Tax Season All The Way Through October 16th?”, please don’t wait – this is your friendly reminder. The federal and California filing and payment deadlines are still October 16th for nearly all California residents and owners of California businesses. You really.

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Fieldguide Launches Practitioner-Centric AI to Build the Firm of the Future

CPA Practice

Fieldguide, an advisory services platform, has launched Fieldguide AI, a secure and private AI solution that helps firms future-proof their business. The new AI capabilities allow firms to securely leverage the latest AI innovations in order to significantly reduce the work and tedium associated with drafting and analyzing tests, requests, and document reviews, so that staff members can focus on more critical and higher margin work.

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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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C?ompliance among biggest issues facing global payroll, says Ceridian’s VP of Product?

ThomsonReuters

From the middle of the bustling expo at PayrollOrg’s 41st Congress conference in Denver on May 17, Lisa Weckman, VP of Product at Ceridian, talked with Checkpoint Payroll Update about global payroll challenges facing the industry. “Compliance is the number one challenge,” Weckman said, cutting to the chase regarding a glaring concern when it comes to global payroll. “If you just look at the U.S., the complexity we have here with states and localities introducing changing

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SD Mayer Adds HR Advisory Firm WOVEN

CPA Practice

Bay Area accounting firm SD Mayer & Associates has acquired WOVEN, a human resources advisory firm providing HR strategy and operations to small and-medium sized businesses. WOVEN was established in San Francisco in 2017 by Carmela Krantz, who brings more than 30 years of HR leadership experience to SD Mayer. “WOVEN takes a hands-on approach to human resources, helping our clients see and use HR as a strategic advantage and differentiator,” Krantz said in a press release.

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How Layoffs Affect Your Tech Company’s Books and Payroll

Shay CPA

In the grand scheme of things, layoffs can be a critical strategic move to help your company survive long-term. But if you’re in the middle of a round of layoffs or even considering them, it’s hard to get that high-level view. Layoffs are painful and can get complicated. You probably just want all of it to be over. Resist the temptation to rush through, though.

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June 2023 Summit VCFO by Anders Employee Spotlight: Rachel Fredrickson

Summit CPA

As a hyrbid firm , not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.

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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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3 Minutes with Ashley Leeds

Accounting Insight

Did you know that 850 million people use LinkedIn, but only 1% actually create content? Ashley Leeds has been training people on LinkedIn since 2018, and he’s helping them to get business from LinkedIn, with his 30 years of sales experience. Spend 3 minutes getting to know Ashley… How did you get into your profession? Purely by accident. With over 30 years in different sales roles, I am used to negotiation and marketing so after working with Accountants & Bookkeepers selling software w

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Is Your Business and Personal Brand Prepared for AI?

Insightful Accountant

See why the Sterling Marketing Group's Karen Tiber Leland says the answer most experts give is no.

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Citrin Cooperman Reels in California Firm FMT Consultants

CPA Practice

Citrin Cooperman said on Tuesday that Carlsbad, CA-based FMT Consultants has joined the top 25 accounting firm. Terms of the deal were not disclosed. FMT will bring more than $29 million in revenue and more than 80 individuals to New York-based Citrin Cooperman’s West Coast operations. “FMT is a wonderful fit to join our transformation and growth services group,” Citrin Cooperman Advisory Services President Richard DeRienzo said in a press release.