Summit CPA

JULY 19, 2023

The landscape for digital agencies has shifted. Over the last twenty years, there’s been a downward pressure on margins. People want to get paid more, clients want to pay less, and the 80-hour work week is a thing of the past (thank goodness). To protect margins, agencies end up developing more complex billing and staffing models: combinations of full-time employees and freelancers working together on the same projects.

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Airbase

JULY 19, 2023

For most unicorns, the average time from initial concept to the coveted $1B+ valuation is about seven years. Over that time, these companies go through many rapid stages of evolution. In this often chaotic push for growth, the prime focus is on obvious revenue drivers, like product development and creating a scaled go-to-market motion. Unless they are a hardware company, having an optimum procurement system is not a typical priority in those early growth stages.

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Going Concern

JULY 19, 2023

Hong Kong is suffering from “a serious talent shortage” according to an article today in South China Morning Post and The Hong Kong Association of Registered Public Interest Entity Auditors (PIEAA) says accounting firms should start looking overseas. Who knows, maybe they’ll find a hidden cache of accountants and auditors stashed away on North Sentinel Island.

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auditor Account accountant accounted 98

CPA Practice

JULY 19, 2023

By Billie Jo Weis. The long-awaited changes under the FAFSA Simplification Act will finally see the light of day in December when the U.S. Department of Education releases the FAFSA (Free Application for Federal Student Aid) for the 2024-2025 academic year. One of those changes will be welcome news for grandparents who have the means and the desire to help pay for their grandchild’s college education.

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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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Going Concern

JULY 19, 2023

Milwaukee’s Wipfli — one of the only top 25 firms on Accounting Today’s 2023 Top 100 to have lost partners — announced on Monday it has entered into a merger agreement with Clayton & McKervey, the itty bitty Southfield, MI firm we mentioned in January for their partnership with Adrian College to help unlicensed staff pursue a master’s.

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accounting firms Account accountant accounted 98

CPA Practice

JULY 19, 2023

Top 20 accounting firm Wipfli is combining with Southfield, MI-based CPA firm Clayton & McKervey, effective Sept. 1. Clayton & McKervey is the 259th biggest accounting firm in the U.S. by revenue , reporting nearly $16.4 million during its most recent fiscal year, according to INSIDE Public Accounting. Once the transaction is completed, more than 90 shareholders and associates from Clayton & McKervey will join Milwaukee-based Wipfli’s workforce of approximately 3,200 professionals.

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CPA Practice

JULY 19, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The IRS is again offering taxpayers relief from confusing rules for certain required minimum distributions (RMDs). Here’s what you need to know about the latest change involving RMDs for inherited IRAs. IRS delays IRA withdrawal rules Over the past few years, legislation has changed retirement plan rules.

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Accounting Today

JULY 19, 2023

While artificial intelligence does have the ability to take on some aspects of an accounting professional's role, there's no reason to fear the worst just yet.

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Account accountant accounted Technology 96

Xero

JULY 19, 2023

Ahead of the FIFA Women’s World Cup 2023, we sat down with Karen Bardsley to find out her perspective on the growth of the women’s game. Karen was goalkeeper for the England Women’s team, and she played for and now oversees the women’s teams at Manchester City F.C. Q: When you were younger, did you dream of becoming a professional footballer or did you have another career in mind?

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Gaming Start-ups Government 69

Accounting Today

JULY 19, 2023

Starting Jan. 1, 2024, many small businesses will face a major new reporting requirement — and many of them are completely unaware of it.

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Advertiser: Paycor

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.

Insightful Accountant

JULY 19, 2023

Continuing his series on clues for Top 100 2024 candidates from this year's award winners, Murph presents 'Tales from the Niche.

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Accounting Today

JULY 19, 2023

The store faces lawsuits from customers for alleged failure to deliver prepaid wine, is delinquent on $2.8 million in taxes, and reportedly could be evicted from its midtown home.

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Ryan Lazanis

JULY 19, 2023

I am able to scale my Future Firm business over the years, with over 700 active paying customers while having a consistent 30-hour workweek. In this podcast episode, I shared my insights and strategies that allowed me to accomplish such feat, and hopefully inspire you when you want to create a scalable business model. Listen Below. 0:57 – My firm excelled in scalability due to our selective client approach, streamlined workflow, predefined package offerings, and a highly effective team. 1:

accounting firms 52

accounting firms Account accountant accounted 52

Accounting Today

JULY 19, 2023

This summer, KPMG launched the inaugural KPMG U.S. Empower High School Experience, a three-week paid internship focused on introducing high school students to accounting careers.

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accounting careers Account accountant accounted 52

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.

Withum

JULY 19, 2023

It’s one of our favorite times of the year! Microsoft’s annual partner-focused event, Inspire, took place this week with no shortage of updates and announcements about Microsoft 365 and its collaboration and productivity tools. Big theme this year? Artificial Intelligence, of course. Although the event is designed to provide insights and strategies for Microsoft partners, there are a few exciting releases to share that will empower everyone to work in a new AI-powered way.

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Accounting Today

JULY 19, 2023

Baker Tilly International CEO Francesca Lagerberg has been presiding over the accounting firm network for over a year and overseeing growth at a time when some of its Big Four rivals seem to be retrenching on their staff numbers.

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accounting firms Account accountant accounted 52

Withum

JULY 19, 2023

The Brewery R&D (Research and Development) Tax Credit is a government incentive program designed to encourage innovation and technological advancements in the brewing industry. While it offers significant benefits to breweries engaged in qualifying research activities, some challenges can be associated with claiming and maximizing the R&D Tax Credit.

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Accounting Insight

JULY 19, 2023

New research from payroll, employment and HR platform Employment Hero shows British businesses are increasingly asking their accountants for help with economic hardship. The survey asked 313 UK accountancy, payroll, and other professional service firms what had changed in their clients’ needs and expectations in the last 12 months. The most popular answer was “clients wanted greater discounts/price flexibility” which 29% of respondents selected.

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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

Technology

Menzies

JULY 19, 2023

Menzies LLP - A leading chartered accountancy firm. In every business cash is an important factor; therefore managing cashflow properly is crucial. Making sales on credit terms is a normal and expected component of doing business in many sectors. However, situations may arise where customers want to place orders above the agreed levels of credit. This can occur for various reasons, so how should business owners respond?

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chartered accountant accounting firms Sales Account 52

FraudFiles

JULY 19, 2023

A financial expert’s assistance with the discovery process can be invaluable to the family law attorney. By virtue of the expert’s familiarity with personal and business financial documents, the financial expert can play an important role in the discovery process.

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Accounting Today

JULY 19, 2023

Accounting firms need to get ready for the surprises that lead to increased learning and knowledge.

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accounting firms Account accountant accounted 76

Xero

JULY 19, 2023

Xero’s commitment to diversity and inclusion (D&I) across our global business extends to championing D&I in the communities in which we operate, including Indigenous communities globally. We believe driving better D&I outcomes can help amplify our positive impact on the world. This commitment aligns with our values and our purpose to make life better for people in small business, their advisors and communities around the world.

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Education Technology 51

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.

Accounting Today

JULY 19, 2023

OneStream Software CEO Tom Shea discusses the corporate performance management platform's growth and future plans.

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Technology 52

CPA Practice

JULY 19, 2023

HubSync Co., a SaaS software company with a next-generation tax and accounting automation platform , has launched Gateway. The centralized dashboard empowers CPA firms of all sizes, providing seamless navigation across the audit and tax landscape. With access to HubSync’s end-to-end audit and tax platform, Gateway offers real-time status reporting and customizable set-ups for internal, corporate, and individual clients, ensuring 360-degree visibility regardless of size, complexity, or location.

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audit Tax cpa firm CPA 40

Accounting Today

JULY 19, 2023

Jan Marsalek was a key figure at Wirecard before its implosion in an accounting scandal in June 2020.

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Account accountant accounted 52

Withum

JULY 19, 2023

Explore Other Episodes #CivicWarriors #WithumImpact The post Data Advocacy With Dance Data Project appeared first on Withum.

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Accounting Today

JULY 19, 2023

The board unveiled six new search filters for its inspection report database, allowing new ways to compare and analyze reports.

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CPA Practice

JULY 19, 2023

By Diana Melichar. The pandemic sent a lot of us, including our clients, scurrying to find work-from-home spaces in our houses. Even though companies are now pressuring employees to return to offices, remote work – whether full time or hybrid – is here to stay. Only 4 percent of high-paying jobs were remote before the pandemic. That rose to 9 percent by the end of 2020, and it’s more than 15 percent today.

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Accounting Today

JULY 19, 2023

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.

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CPA Practice

JULY 19, 2023

What are the tax consequences regarding a home sale if you and your spouse split up or divorce? The home sale exclusion remains one of the biggest and best tax breaks on the books. If a married couple filing jointly qualifies, they can exclude from tax up to a half million dollars of their profit when they sell their principal residence. However, you must meet certain requirements spelled out in the tax law.

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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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