Thu.Aug 31, 2023

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Do you need an outsourced bookkeeper?

Basis 365

Some business decisions are apparent. Others can seem like 50/50 propositions that make doing nothing an excellent third option. Fortunately, deciding what to do about your bookkeeping is not a dilemma when you know what to consider. How can you determine whether you would be better off outsourcing bookkeeping services or continuing onsite at this growth stage?

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Navigating the Complexities of Sales Tax in the Ever-Changing Landscape of Online Selling (part 2)

TaxConnex

Online selling of products and services triggers sales tax obligations today like never before – and has ever since the Supreme Court’s 2018 Wayfair decision unleashed economic nexus on e-commerce merchants nationwide. Since, every state with a statewide sales tax (and countless localities, especially in places like California and Alaska ) has enacted economic nexus laws, meaning e-commerce vendors of products and, increasingly, services must collect and remit sales tax and file sales tax return

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Forvis sees revenue grow 13% to $1.7B in first year

Accounting Today

Forvis reported annual revenue of $1,685,539,000 for the fiscal year ending May 31, 2023, a 13% increase a year after merging together two Top 20 Firms, BKD CPAs and Advisors and Dixon Hughes Goodman.

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In the News - September 1, 2023

Insightful Accountant

Murph wants to help you keep abreast of things happening around you—from news to vendor releases, conference tips and IRS updates. If he thinks you need to know, he's telling you.

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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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Talent Retakes the Top Spot as the Biggest Concern for CPA Decision Makers in AICPA Survey

Going Concern

Journal of Accountancy has written about the results of the Business and Industry Economic Outlook Survey from AICPA & CIMA , a quarterly effort that takes the temperature of CPA decision-makers — mostly CFOs, CEOs, and controllers — to find out what they think about business and economic challenges inside and out of their organization. The headline: Inflation no longer the top challenge for CPA decision-makers, survey shows Whew, finally. 45 percent of respondents are optimistic about their

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CPA business executives improve their outlook on economy

Accounting Today

CPAs who are also top executives at their companies are feeling a little more upbeat about the U.S. economy as recession fears fade, according to a new survey.

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More Trending

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IRS offers info on tax-free programs to help with student loan repayments

Accounting Today

Educational assistance programs can help employees cope with the resumption of payments through a tax-free fringe benefit.

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Anders Named One of the Healthiest Employers in St. Louis

Anders CPA

Anders is ranked first in the medium-sized employer category for the 2023 Healthiest Employers of St. Louis by Healthiest Employers in partnership with Springbuck. Healthiest Employers is a trusted awards program that recognizes people-first organizations taking a more proactive approach to employee health. This is the first year Anders has been included on the list.

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What Accountants Had to Say About the CPA Firm Business Model—and Why it Needs to Evolve

CPA Practice

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model. Duke Alexander Moore “I didn’t want to embarrass myself when I’m up here.

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Generative AI: Optimizing pursuits to fuel growth

Accounting Today

More firms are looking to augment accountants' roles with AI-powered technology, but what are the risks?

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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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5 Ways to Optimize Your Resume for AI Tools Recruiters Use

CPA Practice

By Jeremy Schiff. New to the job market? Looking for your next gig after years at your most recent role? Or maybe you’re happy in your current position, yet you’re still open to other interesting opportunities and wouldn’t mind if a recruiter got in touch. Here’s something you need to know: These days, there’s almost always a robotic gatekeeper standing between your resume and an actual human’s eyeballs.

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Unlocking the Power of Automation in Spend Management

AccountingDepartment

In today's fast-paced business environment, optimizing spend management is essential for maintaining financial efficiency and driving profitability. Traditional manual processes can be time-consuming, error-prone, and resource-intensive. However, with the power of automation, businesses can streamline their spend management practices and unlock significant benefits.

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QuickBooks® Online vs Desktop: Which Is Best for My Architecture Firm?

GrowthForceBlog

8 min read When running a business today, it's nearly impossible - and definitely not recommended - to manage your back office with manual bookkeeping and accounting procedures. Not only are manual back-office processes tedious, slow, expensive, and time-consuming, but they also leave room for errors and inaccuracy.

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Facing the AI in Business Trend in Your Skagit County Business

SkagitCountyTaxServices

Since the release of ChatGPT in November of last year, headlines about AI in business have been incessant. One of the biggest controversies is whether or not AI is a threat to the job market. Lots of differing opinions on this one, and time will soon reveal its lasting effects. I’ve personally observed a whole gamut of responses from Skagit County business owners: mild interest, full adoption, growing irritation, all-out worry, and absolute avoidance.

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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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Idalia victims get federal tax relief

Accounting Today

The IRS is pushing back filing and payment deadlines for those affected by the storm.

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Accounting Tips for Start up Freelancers

Cheap Accounting

Entering the world of self employment and being your own boss is extremely exciting. The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. It can all seem daunting and overwhelming at first. Here’s a few tips to get you started.

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A Tale of Two Business Majors Speaking to Young People About Their Careers

Going Concern

Under the “Teen Talk Tuesdays” category in the Milwaukee Community Journal there is a charming story about exploring career pathways written from the perspective of a young man who had three guest speakers come to his school and talk about their career paths. He writes: Two of the visitors were teachers at a University. The first guest speaker was an accountant who told us what it was like being an accountant and told the class the requirements and qualifications to get there.

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Tax Fraud Blotter: The gang's all here

Accounting Today

Anti-social worker; loan sharks; just in time for Tax Day; and other highlights of recent tax cases.

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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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The Technology Lab Podcast – Review of Microsoft Copilot – Sept. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Microsoft Copilot , an AI-powered tool that combines the power of large language models (LLMs) with your data in the Microsoft Graph—your calendar, emails, chats, documents, meetings, and more. Use the podcast player below to listen.

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When to sweat the small stuff

Accounting Today

You don't have to make wholesale changes all at once. You just need to get 1% better at a time.

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M&A Firms Predict Increase in Deal Volume

CPA Practice

A new Grant Thornton LLP survey of merger and acquisition (M&A) professionals shows that after a lengthy period of respite, M&A activity is expected to rebound in the second half of this year. The survey, which polled 150 U.S.-based M&A professionals including investment bankers, M&A attorneys, private equity (PE) investors and chief financial officers (CFOs), found that respondents predict an uptick in deals.

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Save on Taxes with Federal Energy Saving Credits While You Save the Planet!

LSLCPAs

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. It’s a great way to incentivize us to reduce our carbon footprint at home and in our businesses by making these investments financially viable as we seek to save the planet. There are different tax credits available for these types of. The post Save on Taxes with Federal Energy Saving Credits While You Save the Planet!

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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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Business Leaders Have Brighter Outlook on U.S. Economy

CPA Practice

With concerns about inflation and a potential recession ticking down, business executives have grown guardedly less pessimistic about the U.S. economy’s prospects, according to the third-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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Quadient Integrates Cloud Platform with Microsoft Azure AI to Transform Customer Communications

Accounting Insight

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announces the integration of its Intelligent Communication Automation (ICA) platform with Microsoft Azure AI a portfolio of artificial intelligence (AI) services designed for developers and data scientists backed by a secure environment and responsible AI principles.

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Stop Underselling Your Worth: An Open Letter

Insightful Accountant

Ignition's Matt Kanas on why the #CallForChange movement can help accounting and tax professionals reclaim their profitability—and why it should matter to you.

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Save on Taxes with Federal Energy Saving Credits

LSLCPAs

The federal government offers tax credits for Americans who purchase energy-saving equipment and improvements. There are different tax credits available for these types of purchases made for your primary residential home, and also for businesses. For Your Home Energy Efficient Home Improvement Credit The Energy Efficient Home Improvement Credit provides federal tax credits to help.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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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Your 6-step Plan to Better Worker Performance

Insightful Accountant

Experienced managers understand that it is vital to assess worker performance on a regular basis. So here's how you can develop a performance management plan that works for your firm.

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August ERC Update: New IRS Guidance

Cherry Bekaert

The IRS has regularly released guidance and frequently asked questions (FAQs) around issues they have seen surrounding ERC. Our ERC team shares the latest updates on IRS guidance and what you should be aware of. Learning Objectives: Discuss the latest IRS guidance on ERC Learn how to best work with the IRS during the application process Examine recent court case with the IRS on what to avoid during the ERC application process Learn more about our Employee Retention Credit Services.

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MSO-PC Model – Traps for the Unwary

Withum

The MSO-PC model, also known as the “Friendly PC model,” has been gaining popularity in recent years as the digital health, telehealth, and healthtech industries have exploded in the post-COVID era. This model has been essential in facilitating the scaling of many virtual health businesses while remaining in compliance with the Corporate Practice of Medicine Laws (CPOM).

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Directors’ loan accounts: carefully balancing the books

Menzies

Menzies LLP - A leading chartered accountancy firm. Rachel Lai – Insolvency Specialist There are times when a company may need a quick cash injection and directors’ loans can be a valuable way for owner managers to lend money to the business, to be repaid in the future. However, directors should be cautious about borrowing company funds for personal gain, as they are at risk of difficulties if the business becomes insolvent.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.