Mon.May 08, 2023

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California and New York Are Losing More Residents to Low-Tax States, IRS Says

CPA Practice

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Given the economy, many people are looking to save money where they can. Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. After all, if $3,729 of your annual salary goes to state income tax, moving to a state that doesn’t tax income could potentially save you nearly $75,000 over 20 years.

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PwC’s Tom Seymour Just Stepped Down Because He Was On a Naughty Email Chain

Going Concern

While most of us were sleeping, PwC Australia was starting its Monday minus one CEO. Tom Seymour has stepped down following a board of partners discussion after it was revealed last week he was one of several partners who received confidential government intel that was then used to advise clients on tax matters. “We have agreed with Tom that it is in the best interests of the firm and our stakeholders,” said PwC in a statement.

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$279 Million: A Whistleblower Just Got That From the SEC

CPA Practice

By Tim Fernholz, Quartz (TNS) An anonymous whistleblower who helped the Securities and Exchange Commission catch a mysterious bad actor was paid $279 million dollars as a reward for their assistance. Under the Dodd-Frank financial reform law, whistleblowers who help the agency enforce its rules are entitled to between 10% and 30% of financial penalties over $1 million paid by the wrong-doer.

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The March Banking Crisis: Expert Analysis from Withum Wealth’s Adam Armstrong

Withum

Explore Other Episodes The post The March Banking Crisis: Expert Analysis from Withum Wealth’s Adam Armstrong appeared first on Withum.

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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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Here Are the 11 Best Online Master’s in Accounting Programs in 2023, According to Fortune

CPA Practice

Shortly after Fortune released its ranking of the 100 best companies to work for in 2023, which included a smattering of public accounting firms , the business magazine came out with its inaugural ranking of the best online master’s degree programs in accounting. “Accounting is an essential component of any business today, and an online master’s degree program in accounting could ready graduates for CPA licensure or unlock job opportunities for those accountants seeking to boost their careers,”

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Future Forward 2023: How to Gain 'Trusted Advisor' Status

Insightful Accountant

Find out how you can continue to be an integral resource for your small business clients in nearly every aspect of their business. Sign up today.

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Stay in the know with NetSuite's P&L Statements

AccountingDepartment

There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.

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Understanding the Industry Landscape of New Markets Tax Credits

Cherry Bekaert

Learn the fundamentals of the New Markets Tax Credit incentive, including the background and context, roles of significant players, and typical transaction structures. With a focus on understanding the common and unique goals of Community Development Entities, course participants will leave understanding what type of project is ideal for NMTC. Course leaders each come from a different background in the NMTC industry, and their diverse perspectives offer additional insight into explaining the ove

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Revenue vs Profit: Understanding the Difference and How To Calculate Both

inDinero Accounting

Revenue vs profit is perhaps the biggest distinction to make when reviewing financial metrics for any company, regardless of the type of business or industry. You need to know your revenue and profit figures to track performance properly, forecast accurately, and lead your company. Yet revenue vs profit is often used interchangeably, which means some may need some clarity around the two terms.

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The IIA Shares New Legislative Proposal with Congress to Strengthen Corporate Governance of Cryptocurrency

CPA Practice

The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – today shared a legislative proposal with Congress designed to promote stronger corporate governance, greater transparency and accountability, and enhanced investor protections at cryptocurrency exchanges operating in the United States.

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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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Monday Morning Accounting News Brief: PwC CEO Resigns Over Tax Scandal; RTO Propaganda; Unproductive Productivity | 5.8.23

Going Concern

Hi! Happy Monday. Here’s some news to get the week started. We’ll be writing this up later but you might as well read about it now, PwC Australia CEO Tom Seymour has stepped down from his post. Financial Times : The head of PwC in Australia has resigned as chief executive three days after admitting that he had received emails regarding confidential government information on changes to tax avoidance laws to win new business.

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Financial Issues in “Gray” Divorce

FraudFiles

Divorces between older couples who have been married a long time are sometimes referred to as “gray divorces.” Sources say that while divorce rates overall have been dropping in the United States over the last 20 years, among those age 50 and above, it has been growing.

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Looking for an Alternative to QuickBooks Point-of-Sale?

Insightful Accountant

If you're looking for an alternative to QuickBooks Point-of-Sale that works with QuickBooks Desktop, your options are really slim.

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Leading Through Uncertain Times

CPA Practice

As businesses react to an economy that has prompted fears of recession alongside a still-short supply of skilled workers and a quits rate that remains historically high, some firms are embracing the traditional path of cutting jobs. It’s understandable that some firms need to make budget cuts this year, yet 61 percent of finance executives in a CFO.com survey say their cuts will include hiring or retention investments.

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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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Sonia Connon from Office Assistants chats to us about her business and the challenges her clients are facing

Reckon

We recently sat down with Sonia Connon, a New Zealand-based bookkeeping business owner and Reckon advisor to chat about her experience in starting up her business ‘Office Assistants’, some common concerns her clients are facing, and what she’s learned along the way. Hi Sonia, could you tell us a little about what you get up to in a usual week? Yes, so apart from running my business, I have a 10-acre property here outside of Auckland and I’m kept pretty busy raising Suffolk sheep, growing veggies