Going Concern

JUNE 1, 2023

In the WaPo opinion pages yesterday one Duncan Mavin, who got his start in the 90s, says the best way to solve the audit industry’s many conflicts is to kill it altogether. He starts the piece summoning the ghost of Enron, as all writers do when discussing what happens when audit goes wrong. Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax av

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auditor audit Government Transportation 113

MyIRSRelief

JUNE 1, 2023

Tax problems can be a nightmare for individuals and businesses. It can cause stress, anxiety, and even serious seizure issues if not handled correctly. Tax audits, unpaid back taxes, and unfiled tax returns are just some of the most common tax-related issues that can arise. While dealing with these problems on your own can be overwhelming, hiring a professional tax firm can provide you with a peace of mind and efficient resolution.

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Tax tax return audit Account 147

BurklandAssociates

JUNE 1, 2023

A professional services model can provide the revenue you need to scale your product while delivering valuable market insights. The post Hatching a SaaS Startup? Consider Leading with Services appeared first on Burkland.

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CPA Practice

JUNE 1, 2023

The IRS and the Treasury Department on Wednesday provided additional information about the application process and technical guidance for the qualifying advanced energy project credit program under section 48C of the Internal Revenue Code, which was re-established last year by the Inflation Reduction Act. The qualifying advanced energy project credit program renews and expands a tax credit created in 2009 through the American Recovery and Reinvestment Act.

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Manufacturing Tax 122

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.

Account

Going Concern

JUNE 1, 2023

Undeterred by the embarrassment of Everest’s implosion, EY proudly announced today that 966 people have been promoted to partner across the globe. That’s down from the record 1,033 promoted to partner in 2022. The obligatory press release makes sure to mention that these promotions reflect continued growth and strong business performance by the organization.

Tax 103

Tax 103

CPA Practice

JUNE 1, 2023

By Evan T. Beach, CFP, AWMA, Kiplinger Consumer News Service (TNS) When was the last time you went to the doctor feeling like you were on your deathbed and were told, “Hydrate, get lots of rest and, for goodness’ sake, wash those hands!” The personal finance equivalents tend to go like this: “Save 15% of your pay. Have an emergency fund. Don’t get into credit card debt.

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Account accountant accounted accounting and finance 116

CPA Practice

JUNE 1, 2023

By David Woodworth. Before early 2024, tax teams must learn how to balance the additional requirements of the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two agreement, while prioritizing strategic, value-add activities. BEPS 2.0 Pillar Two will impose new data reporting requirements and additional global tax compliance challenges for multinational business with turnover greater than 750M EUR.

Tax 98

Tax corporation tax Technology accounting and finance 98

Anders CPA

JUNE 1, 2023

Between a labor shortage and the Great Resignation, hiring and retaining experienced talent has been difficult – and employers are tired. But how can companies find the talent they need while staying true to their culture and values? In this episode of But Who’s Counting? , host David E. Hartley met with female founder and HireLevel. CEO Teresa Katubig to discuss the ways that leadership can hire, train and take accountability for employees, whether they’re in temporary or permanent positions.

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CPA Gaming Account accountant 98

CPA Practice

JUNE 1, 2023

The future is here: You can now easily send AI-drafted marketing emails for your firm. Intuit Mailchimp has launched Email Content Generator (beta), which provides GPT AI technology to allow customers to create marketing email campaigns based on industry, marketing intent, and brand voice. Currently, this is only available to Mailchimp customers in the United States in certain industries.

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Technology quickbooks Account accountant 98

ThomsonReuters

JUNE 1, 2023

IRS Notice 2023-43 (May 25, 2023) Available at [link] The IRS has issued Notice 2023-43, providing interim guidance on the expanded self-correction program under the Employee Plans Compliance Resolution System (EPCRS). As background, the SECURE 2.0 Act made sweeping changes to self-correction under EPCRS (see our Checkpoint article ). While the changes technically took effect December 29, 2022, the extent to which the SECURE 2.0 Act changes plans’ current self-correction options is uncertain b

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Tax Account accountant accounted 97

Advertiser: Paycor

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CPA Practice

JUNE 1, 2023

The IRS and the Treasury Department issued proposed regulations on May 31 for applicants investing in certain solar- and wind-powered electricity generation facilities. The IRS on Feb. 13 provided guidance to establish a program—the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code—to allocate amounts of environmental justice solar and wind capacity limitation to qualified solar and wind facilities eligible for the investment tax credit.

Tax 98

Tax 98

Basis 365

JUNE 1, 2023

Marketing agencies often make accounting mistakes due to their primary focus on marketing activities rather than financial management. These mistakes can significantly affect their financial health and overall business operations. However, a practical solution to avoid these pitfalls is to consider outsourcing their accounting needs to professionals who specialize in accounting services for marketing agencies.

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Account accountant accounted financial statements 97

CPA Practice

JUNE 1, 2023

Last quarter’s modest lift in business executives’ view of the U.S. economy proved short-lived, with a majority now expressing pessimism about the next 12 months, according to the second-quarter AICPA & CIMA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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public accounting management accounting management accounts Start-ups 98

Cherry Bekaert

JUNE 1, 2023

In today’s interconnected world, where organizations count on various software technologies to streamline operations, the implication of system integration is significant. Developing a robust IT infrastructure can be an intricate process that requires time and resources, while having a big-picture perspective. In this episode of Cherry Bekaert’s Digital Journeys podcast and the third part of our system integration series, Jim Holman , Director and Strategy & Operations Leader, recon

Technology 97

Technology 97

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.

GrowthForceBlog

JUNE 1, 2023

7 min read The most important functions of your business are your core competencies or your company's main revenue sources (i.e. selling, producing, and improving the products or services you provide). Key Takeaways The Benefits of Outsourcing Your Back Office: 70% of business owners switched to outsourced accounting to reduce costs.

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Maine Account accountant accounted 71

CPA Practice

JUNE 1, 2023

Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market.

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Hospitality Construction Manufacturing Transportation 75

AccountingDepartment

JUNE 1, 2023

Last week, AccountingDepartment.com's Sr. Technology Integration Specialist, Joy, was able to attend Expensify's ExpensiCon event in Puglia, Italy! ExpensiCon is a 5-day event packed full of connecting, community building, and getting stuff done.

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Technology 69

SkagitCountyTaxServices

JUNE 1, 2023

Memorial Day doesn’t always mean rest for the small business owner — depending on what kind of industry you’re in. There’s often a lot of hustle around national holidays (special promotions, big sales, holiday weekend shopping). And debt ceiling deals to make, apparently, since that’s what our government was working on over the weekend. Some notables: Decreased IRS budget (20 billion less than the projected 86 billion previously allotted by the American Rescue Plan) An end to unilateral extensio

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Government public accounting CPA Start-ups 67

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

Insightful Accountant

JUNE 1, 2023

You cannot procrastinate any longer, June 9 is the deadline for FTC Safeguard rules regarding cyber security.

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CPA Practice

JUNE 1, 2023

The Indiana CPA Society has joined the growing coalition committed to advancing diversity, equity and inclusion (DEI) within accounting through Accounting+, a nationwide campaign to attract a new generation of diverse students into the talent pipeline. Led by the Center for Audit Quality (CAQ), a nonpartisan public policy organization serving as the voice of U.S. public company auditors, Accounting+ is a first-of-its kind, profession-backed, campaign to actively engage high school and college st

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Indiana CPA Account accountant 52

Ryan Lazanis

JUNE 1, 2023

For this podcast episode, I want to share three marketing strategies that your firm should steer clear of, along with the compelling reasons behind this advice. Listen below. 0:36 – It’s important to note that while these strategies have the potential to be effective, they often fall short due to their flawed setup and execution. 0:46 – The first marketing strategy to avoid is paid ads, as it tends to underperform due to various factors despite its initial simplicity. 1:30 R

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Account accountant accounted 52

CPA Practice

JUNE 1, 2023

FORVIS, LLP celebrated its first anniversary on June 1, 2023, following a year defined by robust growth, continued excellence in client service, and the rollout of the firm’s cultural DNA. The top 10 accounting and advisory firm formed on June 1, 2022, via the merger of equals of legacy firms BKD and DHG—the largest such move in the accounting industry in more than two decades.

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Florida Account accountant accounted 52

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.

LSLCPAs

JUNE 1, 2023

One of the silver linings after the pandemic is that many businesses have permanently adopted some form of a remote workforce. In the accounting and audit industry, that translates to having audits being performed remotely, which presents unique challenges but also offers a breadth of enhanced “silver-lining” efficiencies as well. Whether your department has newly.

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audit Government cpas Account 52

CPA Practice

JUNE 1, 2023

Porte Brown LLC, www.PorteBrown.com , a growing Chicagoland accounting and consulting firm, is pleased to announce its merger with RVG Partners, LLC effective June 1, 2023. The Oak Brook-based public accounting firm is widely recognized as one of the most reputable firms in the area, delivering exceptional and personalized accounting and tax services.

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accounting firms Account accountant accounted 52

ThomsonReuters

JUNE 1, 2023

Baker v. Save Mart Supermarkets, 2023 WL 2838109 (N.D. Cal. 2023) This lawsuit arose after an employer made changes to its non-union retiree health benefits. Initially, the employer replaced its payment of health coverage premiums for non-union retirees and their spouses with contributions to HRAs. Employees were later told that spousal HRA contributions would continue only for employees who retired before a specified date.

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Tax Account accountant accounted 52

CPA Practice

JUNE 1, 2023

RCReports has introduced its new Entity Selection Planning Tool to support accounting and tax professionals in the process of choosing the appropriate entity type for their business clients based on their ownership structure, performance, and goals. The new RCReports Entity Selection Planning Tool enables users to compare pass-through entities [Partnerships, LLCs] and sole proprietorships to an S Corp based on the tax implications associated with each one for a business.

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Connecticut cpas bookkeeping Tax 52

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Finance

FraudFiles

JUNE 1, 2023

No industry is immune to fraud schemes. Mortgage fraud and real estate fraud have been problems for a long time. Ups and downs in the real estate market can make developers desperate and may push them to engage in fraud in an attempt to keep their projects afloat.

Real Estate 52

Real Estate 52

CPA Practice

JUNE 1, 2023

The New Jersey Society of Certified Public Accountants has named Edward G. O’Connell, CPA, CGMA, CFF, CFE, audit partner in the Technology and Life Sciences practice at WithumSmith+Brown, president for the 2023/24 term. O’Connell replaces Kathleen F. Powers, CPA, CGMA, PSA, chief financial officer of Chelsea Senior Living, on June 1. O’Connell has been active at the NJCPA since joining in 1997 and has served as Secretary and Trustee.

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New Jersey cpas cma CPA 52

MazumaBusinessAccounting

JUNE 1, 2023

Are you looking for reliable bookkeeping services for your business? Like many business owners, you may not know where to start. When you are passionate about your business but the numbers are overwhelming and challenging for you, competent and professional bookkeeping services can easily take care of the dollars and cents on your behalf. If you would like to be truly profitable and successful, you have to keep tabs on your business finances.

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bookkeeping bookkeeping services accounting and finance bookkeeping software 52

Accounting Insight

JUNE 1, 2023

Wolters Kluwer Tax & Accounting (TAA), a leading global provider of software, integrated workflow solutions, and information for tax, accounting, audit, and compliance professionals, today announced the appointment of Bas Kniphorst as Executive Vice President and Managing Director for TAA Europe, effective June 1. Kniphorst was previously Vice President and Managing Director of Wolters Kluwer Legal & Regulatory (LR), Benelux.

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tax accountant Tax Account accountant 52

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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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