Fri.Sep 30, 2022

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Burned out on public accounting or burned out on your firm? They're not the same thing

Accounting Today

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Amazon Warehouse Does Not Create Physical Nexus in PA

TaxConnex

In a decision that may eventually have sales tax repercussions elsewhere, a state court has decreed that an Amazon warehouse creates no physical nexus for a group of online sellers. The Commonwealth Court of Pennsylvania sided with the Online Merchants Guild when the latter contested charges by the state Department of Revenue (DOR) for taxes owed. The Guild is a group of online businesses who participate in Amazon’s Fulfillment by Amazon (FBA) Program, who generally had limited choice where thei

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What data can, and should, small businesses collect about their customers?

Xero

Last week, we held our fifth Responsible Data Use Advisory Council meeting. These meetings, held quarterly, are an opportunity to discuss emerging trends around responsible data use for small businesses. . As we move into our second year, the council is evolving too. . Samuel Burmeister of Tall Books has regretfully stepped back from the council to focus his efforts on his growing business.

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The Talent Shortage Has Gotten So Bad Clients Are Now Doing Their Own Audit Documentation

Going Concern

The Securities and Exchange Commission has charged Deloitte China with failing to comply with fundamental U.S. auditing requirements because in numerous audits over numerous years Deloitte China asked clients to select their own samples for testing and to prepare their own audit documentation. From the SEC press release : The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global ne

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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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Blooper reel: Tiny but important mistakes on returns

Accounting Today

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Understanding the §179D Tax Deduction for Humans, Part 2

Going Concern

Examining the effects of the Inflation Reduction Act on §179D. Welcome to part two of our series on the IRS Section 179D tax deduction. We explained how the §179D tax deduction works and who qualifies for it in part one. For this entry, we’ll take a look at the future of our plucky lil’ write-off friend, focusing mainly on the effects of the Inflation Reduction Act of 2022 (hint: those effects have nothing to do with inflation.).

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More Trending

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How Are Public Accounting Salaries Stacking Up For 2023? (Part 1, Robert Half)

Going Concern

’ Tis the season for Robert Half either inflating or popping your balloon when it comes to projected starting salaries in public accounting for the coming year. The staffing and recruiting giant released its 2023 Accounting & Finance Salary Guide on Monday, which includes starting salary expectations for jobs in 35 categories, including public accounting.

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Baker Tilly to acquire True Partners Consulting

Accounting Today

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Live from SuiteWorld 2022 – NetSuite Enhances Analytics Warehouse to Maximize the Value of Customer Data

Intuitive Accountant

Latest updates help organizations better manage large volumes of business data to accelerate insights, improve decision making and create new revenue streams

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Deloitte's China firm penalized $20M for letting clients audit themselves

Accounting Today

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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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Following the Money: What Is Cash Flow?

Patriot Software

As a small business owner, there’s no better way to understand the health of your business than through your cash flow. But, what is cash flow? Cash flow is the money that moves in and out of your business. Your cash flow either keeps your business afloat or can cause it to sink. Read on […] READ MORE.

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Grant Thornton sees revenue grow 17% to $2.3B in FY 2022

Accounting Today

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Will Employees’ Participation in Our Company’s Health FSA Prevent Their Spouses or Adult Children From Contributing to an HSA?

ThomsonReuters

QUESTION: Our company sponsors a salary reduction health FSA that reimburses the qualifying medical expenses of participating employees and their spouses, children under age 27 as of the end of the year, and tax dependents for health coverage purposes. We do not currently offer high-deductible health plan coverage, but some employees’ spouses and adult children have it through their own employers.

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A 'Black tax' costs U.S. cities millions they can't afford

Accounting Today

Tax 98
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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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Xero and The Football Association launch partnerships to champion women in football

Xero

Where were you on 31 July 2022, when a corner was swung in and Chloe Kelly poked the ball into the net? A scrappy goal made beautiful by the weight of history, the support of a nation, and of course, 56 years of hurt. England were crowned UEFA Women’s Euro 2022 champions. . More moments like this will only be possible when the barriers facing girls and women in football are removed.

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Tax Fraud Blotter: Three times the fun

Accounting Today

Tax 98
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IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

ThomsonReuters

IRS Notice 2022-44 (Sept. 26, 2022). Available at [link]. The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2022. Employers using these rates to set per diem allowances can treat certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent.

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FASB releases supplier finance standard

Accounting Today

Finance 97
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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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Stripe vs PayPal in 2022: The Ultimate PayPal vs Stripe Review

Snyder

Trying to decide which payment platform to choose for your business? Chances are that when picking a payment provider you’re stuck with two main options – Stripe vs PayPal. Stripe and PayPal are two of the best online payment solutions on the market offering a wide range of financial services and covering day-to-day needs of e-commerce businesses.

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Brown Schultz Sheridan & Fritz raises over $3,500 for Pennsylvania charity

Accounting Today

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APPS Directory Spotlight — Fyle

Intuitive Accountant

Check out the new-age expense management platform that enables finance teams and employees to easily track expenses and automate reconciliations for any corporate credit card from any bank in real-time.

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Rehmann merges in Vestal & Wiler

Accounting Today

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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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AICPA Lauds Taxpayer Deadline Extention Effort

Intuitive Accountant

The American Institute of CPAs applauds bicameral letter to Department of the Treasury and IRS urging deadline extension for penalty relief.

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Mazuma Launches $10K Giveaway for Small Businesses

MazumaBusinessAccounting

Want to win $10,000 for your business? Mazuma USA is giving away $12,000 to small business owners across the United States. Any small business can apply for the giveaway, which includes a $10,000 grand prize and two $1,000 runner-up prizes. “Our focus as a company is helping business owners thrive,” says Greg Nielson, Mazuma co-founder. “We all need help or inspiration at some point in our business journey.

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Webinar Time: 'Getting Started with QuickBooks Commerce'

Intuitive Accountant

In today's online shopping world, Liz Scott takes a deep dive into how QuickBooks Commerce can help your clients manage their accounting and inventory needs. Sign up for this 'can't miss" webinar today.

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OAuth Instructions for Security Update

Lockstep

You may have received communication from Microsoft or Google about security updates that will disable Basic Authentication over the next few days. To support the advanced authentication enhancement, Microsoft and Google may require you to take a couple steps to ensure your email automations with Lockstep remain operating. . To assist you with these changes, we have outlined the required steps below.

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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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Latest push by Chinese firms to avoid U.S. delistings falls short

Accounting Today

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IRS Extends Additional CARES Act and Disaster Relief Amendment Deadlines

ThomsonReuters

IRS Notice 2022-45 (Sept. 26, 2022). Available at [link]. The IRS has extended the deadline for amending 401(k) plans (and other eligible retirement plans, as well as individual retirement arrangements (IRAs)) to reflect relief relating to plan loans and coronavirus-related distributions under the CARES Act (see our Checkpoint article ) and “qualified disaster distributions” under the disaster-relief provisions of the Consolidated Appropriations Act, 2021 (CAA; see our Checkpoint article ).

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Routable introduces OCR

Accounting Today

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No Fiduciary Breach Where Insurer Sets Guaranteed Rate of Return on Stable Value Contract in Shared Interest of Plan Participants

ThomsonReuters

Rozo v. Principal Life Ins. Co., 2022 WL 4005339 (8th Cir. 2022). Available at [link]. A 401(k) plan participant brought a class action against a life insurance company, claiming a breach of ERISA’s fiduciary duty of loyalty and prohibited transaction provisions in connection with the insurer’s setting of the guaranteed rate of return on a stable value contract investment option.

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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.