Mon.Jul 24, 2023

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How To Be a Communication Expert: The Accountant Version

Canopy Accounting

So, you’re good with numbers. That’s great. Crucial, even. But how are you at…communicating? Because that’s what’s going to set you apart from other accounting firms. The way you communicate is your personal brand. The importance of communication in accounting starts (and ends) with client relationships. Are you providing personalized service? Are you making communication easy and seamless for clients?

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Regulating crypto

Accounting Today

Accountants are helping clients stay abreast of the latest accounting, tax and regulatory issues around cryptoassets.

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Research: Why Students — Particularly Diverse Ones — Aren’t Pursuing Accounting

Going Concern

The Center for Audit Quality — the AICPA-affiliated “nonpartisan public policy organization serving as the voice of U.S. public company auditors and matters related to the audits of public companies” — has released a 63-page report entitled Increasing Diversity in the Accounting Profession Pipeline that tackles the historically under-reported and totally mysterious issue of why students are not pursuing accounting, particularly students of diverse backgrounds.

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Barriers to entry: Why they're not becoming accountants

Accounting Today

Recent research shows that students aren't moving into accounting because it doesn't strike a spark with them — but the 150-rule isn't helping.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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How Much Does an Employee Cost? [Infographic]

Patriot Software

The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages—you also pay payroll taxes, benefits contributions, and other miscellaneous expenses. Before hiring your first employee or adding to your staff, understand the true cost of adding to your team.

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IRS ends unannounced visits to protect agents

Accounting Today

The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.

More Trending

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IRS offers FTC relief

Accounting Today

A new notice offers relief for foreign taxes paid during tax years 2022 and 2023.

Tax 98
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Federal Reserve Launches New Money Transfer System for Banks

CPA Practice

By Jenny Surane and Katherine Doherty, Bloomberg News (via TNS). The Federal Reserve debuted a new payments system designed to speed up the movement of money among banks around the U.S., the central bank’s first new network in decades. The new system, called FedNow, will allow eligible banks with accounts at the Federal Reserve to send money instantly.

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150-hour requirement seen as significant barrier to accounting by young people

Accounting Today

Students aren't majoring in accounting because they don't have a passion for the subject, and because they perceive barriers in cost and time, especially Black and Hispanic students.

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IRS Ends Unannounced Visits by Agents

CPA Practice

The Internal Revenue Service has announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees. The change reverses a decades-long practice by IRS revenue officers, the unarmed agency employees whose duties include visiting households and businesses to help taxpayers resolve their account balances by collecting unpaid taxes and unfiled tax returns.

Tax 98
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Accountant in China embezzled $677K for 'black magic' love rites

Accounting Today

A bookkeeper reportedly stole from her employer in an effort to retain the affections of her estranged boyfriend.

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Mastercard Introduces Receivables Manager for Virtual Card Payments

CPA Practice

Mastercard has partnered with Billtrust to launch the new Mastercard Receivables Manager , an automated system that streamlines how businesses can accept and process virtual card payments. The innovation adds to Mastercard’s virtual card platform as the company provides more commercial payment choices and accelerates the digitization of B2B transactions across buyers and suppliers.

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The value of disruption

Accounting Today

You'd think the last thing accounting firms would want to do is to disrupt themselves — yet that may be exactly what they need to do, says Bob Lewis of The Visionary Group.

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Evolving Role of the CFO and Digital Transformation of the Finance Department

Cherry Bekaert

Evolution of the CFO The role of the Chief Financial Officer (CFO) continues to evolve and expand due to a changing business landscape. While the primary role of a CFO centers around financial management, there are several emerging trends that will shape the future role of CFOs. We are living in an increasingly volatile, uncertain, complex and ambiguous (VUCA) multilateral world, especially with the rapid pace of change in business.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Regulating crypto: NFT sales taxes looming

Accounting Today

Sales of non-fungible tokens are taking place across jurisdictions, both state and national, and tax authorities are starting to take notice.

Sales 98
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74 Percent of Americans Have Financial Regrets: Most Commonly Is Not Saving Enough for Retirement

CPA Practice

As Americans continue to feel the weight from the economy this year on their personal finances, nearly three quarters (74%) of U.S. adults say they have a financial regret, with more than 1 in 5 (21%) pointing to not starting to save for retirement early enough as their top regret, according to a new Bankrate report. Click here for more information: [link] In addition to not saving for retirement early enough, other financial regrets include taking on too much credit card debt (15%), not saving

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"Appway" Yourself into the Top 100

Insightful Accountant

Murph provides 'wannabe' Top 100 ProAdvisors with valuable tips and statistics from this year's Top 100 and Award recipients.

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Half of U.S. States Near Record Low Unemployment Rates

CPA Practice

By Reade Pickert and Alex Tanzi, Bloomberg News (via TNS). Half of U.S. states were experiencing record-low unemployment — or very close to it — in June, underscoring the strength of the nation’s labor market. The unemployment rates in 25 states are currently at or within 0.1 percentage point of a record low, Bureau of Labor Statistics data showed Friday.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Spend management: An approachable CAS opportunity

Accounting Today

It's a low-hurdle opportunity that firms can embrace to start quickly making the shift into client advisory services.

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Atlanta Businessman Sentenced to 5 Years for Bribery and Tax Evasion

CPA Practice

The former executive vice president of an Atlanta engineering firm was sentenced to five years in prison for paying bribes to two city of Atlanta officials in exchange for steering city business worth millions of dollars to his company, paying bribes to a former DeKalb County, Georgia, official in an attempt to obtain county contracts, and evading over $1.5 million in taxes.

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401(k) Request for Proposal Process

Anders CPA

One of the very first steps you need when hiring of a qualified benefit plan auditor is to prepare a thorough request for proposal (RFP) which will allow you to have all the information you need to make an informed decision about the value and qualifications that an auditing firm will bring to your 401(k) plan. Having a comprehensive RFP is essential in the determination of a quality auditor as well as a reduction of time and effort in the overall selection of a qualified, independent auditor.

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Boomers and Millennials Spend Money Very Differently

CPA Practice

By Elaine Silvestrini, Kiplinger Consumer News Service. Older Americans are increasing their spending faster than younger generations, according to data from Bank of America, which suggests this can be partly attributed to the relatively generous 8.7% cost-of-living-adjustment (COLA) for Social Security beneficiaries this year. As the bank noted, the COLA was the largest increase in 40 years for Social Security recipients.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Christine Gervais on Finding Your Niche & Driving Practice Growth

Insightful Accountant

Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.

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Retail Sales Grew in June

CPA Practice

Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation announced this week. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF President and CEO Matthew Shay said. “Back-to-class spending is one of the most important shopping occasions of the year, and NRF’s consumer research shows that back-to-school and college spending is expected to set new recor

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ITC is admissible on payment made through book adjustment 

VJM Global

Held by AUTHORITY FOR ADVANCE RULING, KERALA in the matter of IN RE: M/S. MALABAR GOLD PRIVATE LIMITED M/s Malabar Gold Private Limited (“The Applicant”) is engaged in the supply of jewellery. The Applicant transfers gold to the jewel maker for making ornaments. Jewel maker raise invoice for value of gold supplied and his making charges. The Applicant makes payment of only a differential amount to discharge his liability.

Tax 52
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Justworks Launches Expense Management Solution

CPA Practice

Justworks, a benefits, payroll and HR technology provider, has launched Expenses, an expense management tool that Justworks PEO customers can use to process expense reimbursement requests alongside payroll. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses. Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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6 ways to gain a competitive edge in a changing bookkeeping landscape

Reckon

Alex Alexandrou, General Manager of Reckon, chats about emerging trends in bookkeeping and how to get a genuine edge. In an industry that’s being rapidly shaped by technology and changing practices, keeping yourself sharp and competitive is key to thriving. Here, Alex breaks down his 6 top tips for staying relevant in the bookkeeping and accounting industry in 2023… 1) Expand your services into advisory offerings and software advice With many of the simple aspects of the role now being assumed b

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Christine Gervais on Finding Your Niche & Driving Practice Growth

Insightful Accountant

Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.

Tax 52
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On-Demand Webinar: SBA Valuation Considerations for Partial Change of Ownership Transactions

Withum

Effective August 1, 2023, the SBA will allow partial changes of ownerships that will impact the future of potential valuations for SBA lenders. Join Brian McIntyre and Bryan DiMonte of Withum’s SBA Valuation Team, for an insightful discussion and examples regarding the complexities and key factors for SBA business valuations related to partial change of ownership transactions.

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Dan Beck on Navigating Retirement & Benefit Plan Rules for Small Businesses

Insightful Accountant

401GO's Dan Beck joins Insightful Accountant Publisher Gary DeHart on the latest edition of the Accounting Insiders podcast to discuss retirement and benefit plan rules.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.