Cherry Bekaert

AUGUST 9, 2023

Contributors: David Boyd , Senior Manager, Risk & Accounting Advisory Services | Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services The new pay versus performance disclosure within a company’s annual proxy statement is required by the U.S. Securities and Exchange Commission (SEC) Regulation S-K Item 402(v), effective in October 2022, and applicable for proxy statements filed for fiscal years ending on or after December 16, 2022.

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financial statements Account accountant accounted 59

Airbase

AUGUST 9, 2023

Prospective unicorns focus on rapidly scaling their business to reach the elusive $1B valuation. However, in that rush, their infrastructure typically progresses in a painfully inadequate and often disorganized manner. Systems and processes are continually straining and require updating to respond to the ever-shifting demands created by growth. Effective change management recognizes that these changes, even positive ones, can be disruptive for employees.

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accounting and finance Spend Management Platform Technology Spend Management 130

CPA Practice

AUGUST 9, 2023

It was another weak quarter for initial public offerings (IPOs) as 34 deals raised a combined total of $7.4 billion between April 1 and June 30, according to a recent analysis from Audit Analytics. The 2023 second quarter IPO output is the lowest in the past five Q2s: 2023: 34 ($7.4 billion) 2022 : 46 ($5.3 billion) 2021 : 181 ($85.7 billion) 2020 : 62 ($18.5 billion) 2019 : 79 ($32.7 billion) And the 34 IPOs in Q2 is down from the 46 that occurred in the first quarter of this year.

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Withum

AUGUST 9, 2023

Three somewhat related issues triggered this blog. They are getting a will, having a practice continuation agreement if there is a sole owner of a business or a buy-sell agreement if there are partners in the business. Addressing Critical Matters: Wills, Business Agreements, and Partnerships Part of my job as a CPA (and of most CPAs) is dealing with the families of people who have passed and did not have these agreements.

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cpas CPA Start-ups Tax 98

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

CPA Practice

AUGUST 9, 2023

By Jennifer Arbore, Partner at The Bonadio Group. Though gender equity continues to improve across corporate America, women consistently remain underrepresented in key leadership roles. For example, even though women make up more than half of the workforce in the United States, just 35% of top management positions are held by women. This gender disparity is reflected in the accounting industry, with the AICPA 2021 Trends Report revealing that women make up just 39% of partners at CPA firms in th

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Cherry Bekaert

AUGUST 9, 2023

The Defense Contract Audit Agency (DCAA) recently released its Fiscal Year 2022 Report to Congress. By law, the DCAA is required to submit an annual report detailing the DCAA’s activities for the previous year. In this episode of Cherry Bekaert’s GovCon Podcast, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s GovCon practice who spent 13+ years with the DCAA and held various positions su

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audit auditor Government public accounting 97

Going Concern

AUGUST 9, 2023

Remember when your grandma would slip a $5 bill in your birthday card and tell you not to spend it all in one place and you, the ungrateful child that you were, internally sneered that five bucks barely covers a soda and a candy bar? That was different because your parents paid your rent and all your income was discretionary, now that we’re adults with apartment leases and student loans we actually need money hence why we work in the first place.

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CPA Practice

AUGUST 9, 2023

From Kiplinger Consumer News Service , via TNS. Military retirees residing in California potentially pay more taxes on their military retirement pay than they would in other states. That’s because California is the only U.S. state that fully taxes military pensions. ( The District of Columbia does as well. ) But proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.

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Cherry Bekaert

AUGUST 9, 2023

In the beginning stages of a technology company’s formation – and sometimes even into its maturity – the options for ownership and structuring can get complicated. In some cases, having ownership in a company may not be as lucrative as maintaining employee status in the short run. However, foregoing some tax-preferred employee benefits may be worth the trade-off for an ownership stake.

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Technology tax return Education Tax 97

CPA Practice

AUGUST 9, 2023

“The NJCPA has a rich history of member service, cultivating community and helping to foster the next generation of accountants and CPAs,” said Aiysha (AJ) Johnson, MA, CEO and executive director of the NJCPA. “Unprecedented change is underway in the accounting profession, but we remain committed to our mission and will continue to provide exceptional learning experiences, an inclusive welcoming community, and tools and resources for our members and customers, as well as serve as the voice for N

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New Jersey cpas CPA accounting and finance 98

Advertiser: Paycor

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Ryan Lazanis

AUGUST 9, 2023

Firm owners often struggle with marketing. In this episode, I discuss how I use AI to automate my podcast marketing and how you can implement the same without being an expert. Listen Below. 1:10 – The usual podcast production process involves brainstorming, scripting, recording, and editing by a virtual assistant. However, the current episode breaks this pattern, as it’s created by AI, including the voice. 1:42 – Creating a podcast requires topics, which can be challenging to g

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CPA Practice

AUGUST 9, 2023

The Unique CPA ’s 3rd annual conference, Bridging the Gap , is set to make history this year with its highly anticipated first-ever in-person gathering. Take advantage of an exceptional opportunity to experience three days of meaningful discussion and interaction in our nation’s charming Windy City, Chicago, Illinois. This is your chance to link arms with colleagues from diverse backgrounds and come together for a common purpose – to learn, network, bridge generational gaps, prioritize health, a

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Accounting Today

AUGUST 9, 2023

Firms need to engage in a systemic overhaul of how they pull individuals toward the profession, keep them in it, and use them as advocates to bring others into the space.

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CPA Practice

AUGUST 9, 2023

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. That doesn’t mean putting off your marketing initiatives until next year. Now’s the time to gear up for your year-end marketing showdown. Content is King One thing B2B companies have is content…and a lot of it. Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight,

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tax preparation Tax Entertainment bookkeeping 98

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.

IgniteSpot

AUGUST 9, 2023

Accounting services provide way more than standard accounting. Businesses like yours can outsource just about any financial role: accountants, bookkeepers, CFOs—stop us if this sounds too much like Bubba Gump shrimp.

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bookkeeping Account accountant accounted 93

Accounting Today

AUGUST 9, 2023

The Internal Revenue Service is cracking down on the use of employee stock ownership plans as a way to avoid taxes.

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SkagitCountyTaxServices

AUGUST 9, 2023

Remember three years ago when you depended on Zoom for work meetings and virtual schooling for your kids? While you’re probably really grateful the second one isn’t a reality anymore, the first one still had its appeal (unless something like this happened). Working from home had its perks. In a stroke of irony, the company that enabled us all to work from home during the era of social distancing recently started requiring their employees to spend some time in the office.

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tax return Tax Start-ups CPA 75

Accounting Today

AUGUST 9, 2023

In this Vendor Spotlight we hear from Eyal Feldman, co-founder and CEO of payment solutions provider Stampli.

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Technology 98

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

AUGUST 9, 2023

As part of Insightful Accountant's "International Coverage" we wanted you to know that for the first time, NetSuite is now running in Canadian data centers to meet their growing customer base.

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Accounting Today

AUGUST 9, 2023

The Big Four have a major advantage over others when it comes to building generative AI models: decades worth of financial and business data.

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Technology 81

xendoo

AUGUST 9, 2023

The biggest rule of thumb when running a company is to keep your personal and business finances separate. To do that, you need to choose the best business bank for you, which may not be the same one you use for your personal finances. Business bank accounts have different terms and benefits than personal accounts. As an online accounting service , Xendoo works with many companies and business banking services.

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accounting and finance bookkeeping Non-Profits quickbooks 52

Accounting Today

AUGUST 9, 2023

The tax prep franchise's owner, NextPoint, earlier sought bankruptcy protection in Canada.

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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.

Steve Feinberg

AUGUST 9, 2023

Running any business is a challenging endeavor, but running a small web design business can be especially tough. In addition to creating visually stunning websites for clients, business owners must also manage the financial side of operations. From invoicing to income tracking, bookkeeping, and tax preparation, the financial aspects of running a web design business can be time-consuming and complicated, even for the most organized business owners.

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quickbooks bookkeeping accounting and finance tax preparation 52

CPA Practice

AUGUST 9, 2023

RSM US reported revenue of $3.7 billion for its 2023 fiscal year—which concluded on April 30, according to the Chicago-based firm’s newly released impact report —up from $3.3 billion in 2022. Brian Becker “Here at RSM, we provide both leading insights and compelling solutions to help our clients and our teams rise to meet challenges. A few examples from this year include our work around economic headwinds and our support of clients during the banking crisis,” Brian Becker, RSM US managing partne

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accounting firms public accounting Government Tax 52

xendoo

AUGUST 9, 2023

The biggest rule of thumb when running a company is to keep your personal and business finances separate. To do that, you need to choose the best business bank for you, which may not be the same one you use for your personal finances. Business bank accounts have different terms and benefits than personal accounts. As an online accounting service , Xendoo works with many companies and business banking services.

accounting and finance 52

accounting and finance bookkeeping Non-Profits quickbooks 52

CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In the midst of an unprecedented talent shortage gripping our profession, private companies are struggling to find a trusted auditor and often turn to their tax or non-attest accounting firm for guidance,” says Brian Yujuico, vice president and senior chief

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Withum

AUGUST 9, 2023

The competition for both financial capital and talent is a perpetual challenge for startups of all sizes. Compared to large multinational companies, startups are consistently strapped for cash. To provide market-competitive compensation and incentives, equity-based compensation becomes an effective tool to attract and retain talent, including employees, consultants, board members and advisors.

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CPA Practice

AUGUST 9, 2023

Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, has been chosen by the state of Colorado, and its Avalara Tax Research system will provide the state’s tax rates and rules to its more than 300 sales tax jurisdictions. With Avalara, Colorado delivers access to current tax rates and rules with easy-to-use online tools for residents and businesses selling goods and services in the state.

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Shay CPA

AUGUST 9, 2023

As an early-stage tech company, expanding your operations overseas can provide access to new markets and tap into a global talent pool. However, hiring software developers and engineers in foreign countries requires having a transfer pricing agreement in place. What is transfer pricing? Transfer pricing involves pricing goods, services, and intangible property transferred within a company.

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Non-Profits CPA Tax Finance 52

Accounting Insight

AUGUST 9, 2023

Accountex Summit Manchester is set to return to Manchester Central on September 19, 2023, attracting thousands of bookkeepers, accountants and finance professionals. The event will showcase more than 100 renowned software and service suppliers, including Bright, Dext, FreeAgent, Intuit Quickbooks, IRIS, RDI Solutions, Sage, Wolters Kluwer, and Xero.

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bookkeeping accounting and finance Education chartered 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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