Tue.Feb 20, 2024

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How Much is Creativity Worth? 5 Reasons to Have Your Agency Valued

Anders CPA

The process of determining the value of an agency is a crucial step for any current owner, potential acquirer or agency merger partner. By determining your agency’s value, whether it’s a marketing, advertising, design or other creative agency, you gain practical and valuable insights. This awareness of your agency’s true value can inform negotiations and business decisions for transition planning, a possible sale or merger and securing financing.

Finance 105
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5 Key Findings from Our Annual Survey of Financial Professionals and The Impact of Sales On Their Business

TaxConnex

At the beginning of January we announced the release of our annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax. 5 of our key findings are

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Do Your Startup’s Employees Have a Sense of Purpose?

BurklandAssociates

Your people will drive your business to success when they are highly engaged and know where the ship is headed. The post Do Your Startup’s Employees Have a Sense of Purpose? appeared first on Burkland.

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Acterys Recognized as an Accelerator in the 2024 CPM Technology Value Matrix

Acterys

Versatility and Enhanced Data Integration Helps Acterys Planning Platform Stand Out (Chicago, Il., February 19, 2024) – Acterys, a leading provider of corporate performance management (CPM) solutions, has been recognized as an accelerator in the 2024 CPM Technology Value Matrix by Nucleus Research. This acknowledgement underscores Acterys’ commitment to delivering exceptional customer value through its innovative and user-friendly CPM platform.

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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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IRS criminal investigators crack down on ERC claims

Accounting Today

The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the employee retention credit and educating tax professionals about the problems they can encounter.

Education 122
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2024 Tax Pocket Guide

Withum

The goal of minimizing tax liability likely drives a desire to discover new advantages in the tax law. If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. We can help. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments.

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More Trending

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Withum Enhances ESG & Sustainability Services Offering Through Strategic Alliance With Good.Lab

Withum

Withum is excited to announce a strategic alliance with Good.Lab , a leader in sustainability and ESG solutions that empower companies to achieve their climate and sustainability objectives by building a foundational strategy for ESG along with quantified performance metrics. We’re excited to work with Good.Lab and continue to bring the most innovative solutions to our clients.

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$1,741 Is the Average Tax Refund So Far, IRS Says

CPA Practice

By Leada Gore, al.com (TNS) The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS. The tax agency has processed some 25.4 million returns out of the 25.5 million received since the official start of tax season on Jan. 29. Both figures reflect a decline—4.4% and 11.4%, respectively—from last year when the official start to IRS processing was a week earlier.

Tax 115
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Layoff Watch ’24: The Canadian Version of the AICPA Cuts One Fifth of Its Workforce

Going Concern

TLDR: CPA Canada is laying off 20 percent of its workforce because CPA Ontario and CPA Quebec are exiting the organization and taking their many members with them. Normally a story like this wouldn’t be of interest to our predominantly American readership but it’s worth reporting because the circumstances are unique and come down to infighting among the provincial and national bodies overseeing professional licensure.

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With Staffing Challenges And Remote/Hybrid Work Here to Stay, Finance Leaders Embrace Back-Office Automation

Insightful Accountant

Businesses are prioritizing efficiency and savings over growth due to uncertain economic conditions. Finance leaders are seeking ways to operate profitably and improve cash flow control.

Finance 103
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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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Redefining Tax Strategy Beyond Retirement Savings: Unveiling the Full Potential of Tax Planning

CTP

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. You’ve mastered the ins and outs of deductions, credits, and retirement plans, but there’s a common myth that might be narrowing your view: the idea that tax planning is all about retirement savings.

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Should Your AEC Firm Use Intacct or QuickBooks Accounting Software?

GrowthForceBlog

7 min read In the AEC (Architecture, Engineering, and Construction) industry, the core function of your business is a far cry from bookkeeping and accounting. Key Takeaways A Quick Comparison: Both Intacct and QuickBooks offer comprehensive accounting software features.

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Navigating CMMC 2.0 Compliance and CMMC Requirements

Withum

The Cybersecurity Maturity Model Certification (CMMC) Proposed Rule (CMMC 2.0) was released on December 26, 2023. This was a watershed moment for those who believed that CMMC was going away. According to the Department of Defense, for the past decade or longer, the United States’ strategic competitors have been able to exploit vulnerabilities in the DoD supply chain by stealing U.S. intellectual property, impacting national security and decreasing the confidence in the security of products and s

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Janel Sykora on Tax Season: Year-Round Marketing Tips & Time Management Hacks for Accountants

Insightful Accountant

Join Gary and Janel as she emphasizes year-round marketing, leveraging tax season for new opportunities, optimizing Google Business Profile, and using apps to enhance productivity for accountants.

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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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French firms trade US tax credits to spur renewable projects

Accounting Today

Schneider Electric will pay $80 million to acquire tax credits, which in turn will help fund four Engie North America projects that are slated to come online in Texas this year.

Tax 73
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No Need To Balk at State Income Taxes During Spring Training

Withum

Fans of Major League Baseball will soon be getting their fix of afternoon baseball as they start the countdown to the first pitch on Opening Day. As is MLB tradition, players and fans alike are making their way to Arizona and Florida for Spring Training with the Cactus and Grapefruit Leagues, respectively, set to get under way in the coming days. The tax implications and overall economic impact will be felt throughout the league and the states in which they play.

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Myths and fears about niching down

Accounting Today

There are many myths flying around the internet about how niching down can harm your firm. They're false.

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Harlem Hellfighters, Personal Reflections

Withum

February is Black History Month, and I watched a PBS show on the Harlem Hellfighters and want to share some comments. This was a brave and amazing unit, and I am proud to have been a member of that National Guard unit. The 369th Regiment was an artillery unit when I enlisted in 1965. This was at the beginning of the Vietnam conflict. I received a draft notice and looked to join a reserve or National Guard unit rather than spend two years on active duty.

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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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Accounting Firms Should Think Twice About Leasing Solar Panels

CPA Practice

By H. Dennis Beaver, Esq. , Kiplinger Consumer News Service (TNS) “I am the CEO of an accounting firm that is looking into leasing a solar system for our 8,000-square-foot office building. Some of your articles on solar have been very negative as to leasing options. We have met with solar salespeople who have given us energy-saving projections that seem reasonable, as well as the impression that leasing is the best way to go.

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PCAOB sanctions Baker Tilly US, Mazars USA, Grant Thornton India

Accounting Today

The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.

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Deloitte Will Be Ringing Today’s Closing Bell at Nasdaq

Going Concern

Try to contain your excitement. Deloitte, in celebration of their Technology Fast 500 program, visits the Nasdaq MarketSite in Times Square. Leaders from their Greater Washington practice will be joined by executives from Deloitte Technology Fast 500 winning companies based in the Greater Washington area. In honor of the occasion, Amry Junaideen, Managing Principal and Greater Washington Marketplace Leader for Deloitte, rings the Closing Bell.

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What are general anti-avoidance rules?

ThomsonReuters

Jump to: What are general anti-avoidance rules (GAAR)? How are GAAR rules applied? What is the general anti-abuse rule? Does the U.S. have a GAAR? International GAAR rules Keeping up with tax avoidance regulation Abusive tax planning is not just a concern among U.S. tax authorities, it is a global concern. Governments around the world have long taken steps to crack down on tax evasion, such as using general anti-avoidance rules, better known as GAAR.

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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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Patriot Software to Host Webinar on 401(k) Benefits

CPA Practice

Patriot Software will be hosting a free CPE webinar on February 29, 2024. This webinar has been approved for 1 CPE credit, 1 HRCI credit, and 1 SHRM credit for eligible attendees. ——————————————————————————- Title: Leveraging 401(k) Benefits for Business: What You Need to Know in 2024 February 29, 2024, at 2:00 p.m. (ET). Receive 1 hour of free CPE credit for participating in this live webinar Description: Patriot Software and Vestwell have teamed up to host a free webinar to help you learn a

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Essential ESG Reporting and Compliance Insights for Government Contractors

Withum

A proposed environmental, social, and corporate governance (ESG) ruling will impose new reporting requirements for government contractors. The new rule, to be incorporated into FAR subpart 23, intends to protect the government supply chain from climate-related financial risk. Businesses with significant and major contracts should familiarize themselves with these requirements and begin implementing reporting procedures to stay ahead of the curve when regulation is finalized.

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French Companies Trade U.S. Tax Credits to Spur Renewable Projects

CPA Practice

By Naureen S. Malik, Bloomberg News (TNS) Two French energy companies are taking a novel approach to using a rule in the U.S. Inflation Reduction Act to spur more clean power by transferring tax credits. Schneider Electric SE will pay $80 million to acquire tax credits, which in turn will help fund four Engie North America projects that are slated to come online in Texas this year, said John Powers, vice president of global cleantech and renewables at Schneider.

Tax 52
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Episode 14: From Greeting Cards to Consulting: Toby Wyatt’s Journey to Starting Her Own Fractional Operations Firm

Cherry Bekaert

In the 14th episode of Talkin’ Talent, Sam sits down with Toby Wyatt, founder of Motherlode Consulting, as she shares how her unique career journey led her to offering “ops in a box” business operations services to support CEOs and leadership teams. Her trial-and-error approach, from starting a greeting card company as a child, to obtaining a degree as a high school math teacher, helped her uncover her passion for mentorship and helping others succeed in business.

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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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California Medical Worker Minimum Wage Increase Beginning June 1, 2024

LSLCPAs

California Senate Bill 525 requires certain healthcare employers in California to raise essentially all staff, including clerical and support staff, to a new minimum wage starting June 1, 2024. For medical groups of 25 or more physicians, the increase goes to $21/hour on June 1, 2024, and to $25/hour in 2028. For dialysis clinics and. The post California Medical Worker Minimum Wage Increase Beginning June 1, 2024 appeared first on LSL CPAs.

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Capital One to Acquire Discover

CPA Practice

Aisha S Gani, Bloomberg News (via TNS). Capital One Financial Corp., the U.S. lender backed by Warren Buffett, is set to buy Discover Financial Services in a $35 billion deal that will bring together two of the biggest credit card firms and allow them to compete with other Wall Street behemoths. Here’s all you need to know about Capital One’s acquisition and what it could mean for consumers: Why does Capital One want to buy Discover?

Legal 52
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Digging Into the Numbers in Litigation

FraudFiles

Nearly every lawsuit has a financial component to it. In many cases, the issues surrounding the numbers have high stakes. Cases involving securities fraud, money laundering, tax fraud, investment fraud, and Ponzi schemes rely on an accurate tabulation and evaluation of the numbers. To take the numbers as provided by the other side at face [.

Tax 52
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Don't Forget About Today's QB Talks with Alicia Katz Pollock

Insightful Accountant

Please join Alicia Katz Pollock as she hosts February's QB Talks today, Wednesday, February 21, 2024. Alicia will be discussing the new 'QuickBooks Time' QBO interface.

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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.