Fri.Apr 26, 2024

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Randal DeHart

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business. These cash flow problems can originate from various sources, including macroeconomic issues like recessions, natural disasters, wars, and microeconomic problems like business decisions and performance.

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Marcum cites material issues in B. Riley audit

Accounting Today

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

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Solved: The Mystery of KPMG’s Redacted PCAOB Inspection Report (Kinda)

Going Concern

This past February, the PCAOB released KPMG’s 2022 inspection report but inexplicably redacted the firm’s deficiency rate. To say this was very strange would be minimizing the situation, something we aren’t generally known to do. VERY strange. CAPS exclamation points Confused Nick Young meme strange. This isn’t something we’d ever seen, certainly not in a Big 4 inspection.

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HSBC wins £1.3B suit over Disney tax breaks

Accounting Today

The bank successfully fought off a London court claim brought by investors over tax breaks linked to financing for 'Pirates of the Caribbean 2.

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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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Case Study: Optimizing Tax Incentives for Real Estate & Construction Firms

Cherry Bekaert

Company Background The Company is a prominent player in commercial and residential real estate construction, operating across the southeast of the U.S. With more than five million square feet of space developed or redeveloped, the Company focuses on retail, multi-family, hospitality, office, industrial and residential properties. Its success is underpinned by conservative investments and a commitment to high-quality projects, fostering long-term relationships with major retailers and commercial

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IRS free tax pilot enticed 140K taxpayers

Accounting Today

The Internal Revenue Service's Direct File pilot program officially closed Friday, after 140,803 taxpayers used it in 12 states.

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Jeanne Dee Honored with UMSL Salute to Business Achievement Award

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders, will be honored by the University of Missouri – St. Louis at the Salute to Business Achievement Awards. The award recognizes UMSL Business graduates who’ve made outstanding contributions to their community, profession and the university. Honorees are selected by leadership in the College of Business and the Alumni Association’s College of Business Alumni Chapter.

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Former Accounting Director Pleads Guilty to Stealing $430,000 From Nonprofit

CPA Practice

By Natallie Rocha, The San Diego Union-Tribune (TNS) Katherine Lu Acquista, 47, pleaded guilty to wire fraud in federal court Thursday, admitting to stealing more than $430,000 for her own personal expenses while she was the director of operations and accounting for the San Diego Regional Economic Development Corporation (EDC). She carried out the scheme for about five years, from 2017 to 2022, according to court records.

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QB Live Assisted - What is it and what does it mean to Accountants?

SchoolofBookkeeping

So, you're a small business owner. You've been managing your own books, stumbling through QuickBooks Online like a bull in a china shop, desperately hoping you're not accidentally committing financial seppuku. But fear not, dear entrepreneur, Intuit QuickBooks has heard your cries for help. And their solution? QuickBooks Live Assisted Bookkeeping, because apparently, managing your own finances just isn't stressful enough.

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Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses

CPA Practice

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban. Business groups in Texas and across the country are fighting the FTC’s decision to prohibit agreements between companies and workers that typically bar employees from working for competitors in the future or starting a simi

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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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The Rundown: First Quarter 2024 Guide

Cherry Bekaert

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. The latest issue of the Rundown features a summary of the new standards issued in the first quarter 2024. For summaries of standards issued in previous periods, view our previous rundowns here.

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How local governments can weather a federal shutdown

Accounting Today

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

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Navigating Your ERP Projects: Implementation, Failure, and Rescue and Recovery

Cherry Bekaert

Over the past four decades, enterprise resource planning (ERP) solutions have evolved to incorporate new technologies and have expanded their reach to support back-end business processes as well as front-office functions, driving massive efficiencies across business operations enterprise-wide. By 2025, the ERP market is expected to exceed $49.5 billion, with defense and aerospace, retail, and government utility sectors driving its growth. 1 With the rapid adoption of AI, cloud technology, and ad

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On the move: KSM names new leaders

Accounting Today

Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.

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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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Tech news: AuditBoard announces AuditBoard AI now generally available

Accounting Today

AuditBoard announces AuditBoard AI now generally available; Earmark launches web app; and other accounting technology news.

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Accounting Today news quiz: April 26

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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7 ways to drive innovation in your firm

Accounting Today

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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IRA heirs, planners get additional RMD breathing room — again

Accounting Today

Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.

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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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'Not guilty' pleas in Patisserie Valerie accounting fraud

Accounting Today

The bakery chain collapsed into insolvency in 2019 after a forensic investigation revealed thousands of false entries in its accounts.

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Protect the profession as traditional firms fade away

Accounting Today

We're witnessing the evolution of the "new firm.

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