CPA Practice
JULY 5, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) There’s a new IRS scam to watch out for. Some people are receiving cardboard envelopes in the mail containing the IRS masthead and the wording: “in relation to your unclaimed refund.” Monday, the agency warned that the mailings are a scam to trick taxpayers into providing sensitive information to thieves.
Going Concern
JULY 5, 2023
*not the actual office. Apologies if this photo is triggering to anyone. Let’s throw a theoretical out here. Imagine you are a highly qualified Canadian CPA with exemplary communication and data analytics skills and you have received two identical offers from leading firms. Would a clean, streamlined aesthetic and open plan sightlines, accentuated by generous glazing and abundant natural and contemporary LED lighting compel you to choose the firm whose office checks all those boxes?
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CPA Practice
JULY 5, 2023
By Mia Gindis, Bloomberg News (TNS) A recent study of students attending four-year colleges and universities in 2022 found that two-thirds of the graduating male respondents received paid internships compared to less than half of women, despite women representing 70% of the 2,140 seniors surveyed. The research, conducted by the National Association of Colleges and Employers, is in line with other findings from previous years, suggesting that undergraduate work experiences might set the stage for
Accounting Today
JULY 5, 2023
CPA firms have been recruiting more people without accounting degrees and backgrounds as a way to fill their open jobs while expanding diversity in their workforce.
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.
CPA Practice
JULY 5, 2023
The Minnesota Society of CPAs or MSCPA celebrated its 119 th anniversary in 2023, from the beginning crafting regulation and education to maintain high professional standards for clients, employers, and the public. [ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.
Withum
JULY 5, 2023
Withum is proud to share that four partners, including Managing Partner and CEO Pat Walsh, were named to the 2023 Edition of NJBIZ’s Accounting Power 50 List. In the Number 7 spot, Pat Walsh is praised for his experience and seamless transition to CEO earlier this year. The publication also noted his extensive philanthropic initiatives, noting his trustee position at the Boys and Girls Club of Newark and his leadership position on the council for his local Habitat for Humanity chapters.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Basis 365
JULY 5, 2023
As an entrepreneur, you consistently encounter pivotal choices that hold the power to greatly influence the growth and prosperity of your business. Whether it involves expanding your operations, adopting innovative technologies, or recruiting fresh talent, these decisions can be overwhelming and demand thoughtful analysis. Nonetheless, there are numerous strategies you can employ to ease the decision-making process and enhance the likelihood of making sound judgments.
CPA Practice
JULY 5, 2023
By Joe Greenspan. The financial services industry is a people-driven sector with professionals, like personal accountants, relying on healthy client relationships to fuel their bottom line. With the average accounting firm handling anywhere from 50 to over 200 clients, the deck is stacked against accountants looking to provide clients with a personalized experience.
Cherry Bekaert
JULY 5, 2023
Authors: Gabriela Payne , Senior Manager, Risk & Accounting Advisory Services To date, sustainability reporting has been voluntary, and the lack of consistent and transparent methodology or standards has not met the information needs of investors. Depending on where you operate, where your securities trade or who you do business with, you are likely to be subjected to comply with one or more jurisdictions’ corporate responsibility mandates either directly or indirectly, depending on your su
CPA Practice
JULY 5, 2023
By Jenna Anderson, Inc. (TNS) Despite concerns about inflation and interest rates, small business owners were more optimistic about the national economic outlook in the second quarter of 2023, according to a recent survey. The latest Small Business Index , a survey of small businesses from MetLife and the U.S. Chamber of Commerce, shows an increase in overall confidence from 60 to 63.1 since the first quarter of the year.
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Accounting Today
JULY 5, 2023
A bill in the state seeks to tax rich colleges that favor families of alumni and donors in admissions policies and give the money to poorer community colleges.
CPA Practice
JULY 5, 2023
Every corporate tax and finance function should have a five-year plan, even the ones that have undergone or are undergoing a transformation, say tax executives from Big Four firm EY. Fundamentally, businesses have the same choices they had in 2018: First, they can build modern tax and finance departments internally by investing in the right people, data capabilities, and technology.
Xero
JULY 5, 2023
Today is Xero Day, which marks a special day here at Xero. It’s the anniversary of the day where it all started for us 17 years ago. Our customers, partners and people have played a vital role in our success and Xero Day is about reflecting on all of you and our purpose to make life better for small businesses, their advisors and communities around the world.
ThomsonReuters
JULY 5, 2023
Foreign Trade Zones (FTZs) can help businesses of all kinds reduce or manage inventory, and compete more effectively in the international marketplace. Still, many companies are reluctant to take advantage of FTZs, either because they don’t understand the benefits of a well-run program or don’t believe the effort necessary to create one is worth it. program or don’t believe the effort necessary to create one is worth it.
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.
Accounting Today
JULY 5, 2023
Sometimes a straightforward "We appreciate you" is more powerful than a bouquet of flowers or a thank-you card.
Insightful Accountant
JULY 5, 2023
In this second part of Murph's mini-series on "clues to Top 100 from 2023 Aware Recipients', he provides valuable insight into how maximized 'App engagement' is the key to scoring in many different award categories.
GrowthForceBlog
JULY 5, 2023
7 min read Business budgeting and forecasting are highly useful practices in businesses of all sizes. While they're both important tools for business management and strategy, it's common for business owners to confuse budgeting and forecasting. Key Takeaways The Purpose of a Business Budget: The purpose of a business budget is primarily to provide your company with a short-term spending plan for the upcoming year (or another set financial period)… Know How to Create a Budget: First, you need to
Accounting Today
JULY 5, 2023
The Illinois CPA Society presented wealth strategist Daniel Rahill III with its 2023 Lifetime Achievement Award.
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
Insightful Accountant
JULY 5, 2023
Liscio's Alison Ball explains how to fast-track your compliance with IRS Pub 4557 and the FTC Safeguards Rule
CPA Practice
JULY 5, 2023
By Jasen Stine and Gale Crosley. Our tax and accounting profession is continuing to be disrupted by marketplace dynamics from technology and economic conditions to competition and regulation. Business owners and firms need to be thinking about how to adapt to keep up with the “changing neighborhood” around them. Gale Crosley, CPA, CGMA, is a leading strategic organic revenue growth consultant to hundreds of large, and large-thinking CPA and accounting firms worldwide.
Withum
JULY 5, 2023
View On-Demand Webinar Cybercriminals are increasingly targeting law firms, as their digital footprint is constantly expanding, threatening both the privacy of clients’ sensitive information and firms’ reputations. This leads to more entrances to a firm’s network infrastructure – a direct gateway to data. Law firms serve as stewards to valuable, sensitive financial and client information and must remain as trusted business partners.
CPA Practice
JULY 5, 2023
Liren Wei, CPA, CGMA, managing partner of Wei, Wei & Co., LLP in Flushing, New York, began his one-year term as president of the New York State Society of CPAs ( NYSSCPA ) on June 1, making him the 104th president of the NYSSCPA. Wei began his accounting career 29 years ago as an entry-level staff accountant. Today, as a managing partner, he oversees the general management and administration of his firm, including directing the activities of managerial, professional and support staff, and o
Advertiser: Paycor
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.
Withum
JULY 5, 2023
Withum is proud to share that Withum Wealth Management , a business combination built between Withum and Pinnacle Associates, was named as an honoree by NJBIZ on their Empowering Women List for 2023. NJBIZ’s first Empowering Women recognition program celebrates local companies and organizations for their innovative and successful efforts to advance women in the workplace and in the community.
CPA Practice
JULY 5, 2023
More than half of large and midsize accounting firms have indicated they are worried about attracting and retaining talent. We’re guessing you might have similar concerns. Along with our sponsors, Taxfyle and Wolters Kluwer, we have prepared this Special Report to address issues relating to talent acquisition and retention and to provide solutions you might find useful.
Withum
JULY 5, 2023
As global climate change continues to be a major concern, investors are now taking ESG (environmental, social, and governance) standards into account when making investment choices. The lack of comparability, transparent reporting practices, and varying frameworks for climate assessment management has resulted in investor uncertainty, leading to the SEC considering new regulations in response.
CPA Practice
JULY 5, 2023
By Luke Nozicka – The Kansas City Star (via TNS). Two executives of an Overland Park-based company have been charged with conspiring to commit $1.9 billion in health care fraud, marking what officials called one of the largest such schemes prosecuted in Justice Department history. Brett Blackman, 39, and Gregory Schreck, 49, were indicted in the Southern District of Florida for allegedly conspiring to commit fraud, conspiring to pay and receive health care kickbacks, and conspiring to defraud th
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Going Concern
JULY 5, 2023
Sup! We usually do these on Monday but since many of you were off both Monday and Tuesday for Independence Day let’s do it now. Hope everyone had a safe and restful holiday. GO ‘MURICA. On Monday we asked Twitter who’s off, the majority of respondents were. I’d heavily judge that 15.4% who were off but working but I did some work on Monday too.
Dent Moses
JULY 5, 2023
S&P Global recently released a report titled “Look Forward: A World in Disruption.” The report details all the risks to the global economy and supply chain. The world is in more debt than ever before with the total estimated at $300 trillion or $37,500 for every person in the world compared to GDP per person of $12,000. The low-rate environment encouraged many companies to leverage instead of raising equity.
Anders CPA
JULY 5, 2023
In 2024, the IRS will launch a pilot test of its free, direct e-file system for individual tax returns. This would be the first time the IRS offers direct electronic filing, rather than having the filing administrated through a third-party. This comes as more taxpayers than ever have turned to e-filing software. The pilot program has sparked interest in taxpayers as shown by a poll conducted by the IRS, but there is still much to learn about this new program.
FraudFiles
JULY 5, 2023
When one or both spouses have an ownership interest in a business, it is critical to get both income tax returns and financial statements for the entity. It is impossible to fairly evaluate the business and the income from it without both of these.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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