Thu.Jul 27, 2023

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Outcomes Over Hours: Embracing Efficiency in Accounting

Canopy Accounting

Accounting, often associated with long hours and tedious tasks, has long been considered a profession that requires extensive time commitments. However, the shifting landscape of the business world has opened up new possibilities for accountants to focus on outcomes rather than merely putting in long hours. By embracing efficiency and leveraging technology, accountants can revolutionize their approach to work, improving productivity and achieving better results for themselves and their clients.

Account 89
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Three C’s of Sales Tax Compliance

TaxConnex

Sales tax is meant to be a pass-through tax and thus one that should have minimal impact on a company’s bottom line. The sales tax is collected by businesses and “passed-through” to the taxing jurisdictions. Of course, there is cost associated with managing this compliance obligation; however, the costs of not managing the compliance process are significantly greater.

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Trending Sources

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Accounting Today names 2023 Best Firms to Work For

Accounting Today

The annual list recognizes the 100 top workplaces in the profession.

Account 98
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Regulatory Compliance Digest | July 2023

Cherry Bekaert

The July issue of the Regulatory Compliance Digest features a summary of the latest updates from the Consumer Financial Protection Bureau (CFPB) on Section 1071, the clarification of guidance on multiple re-presentment fees, interagency guidance on the risk management of third-party relationships and a reminder to file Office of Foreign Assets Control’s (OFAC) annual report on blocked property by September 30.

Legal 98
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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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M&A roundup: Aprio and Adams Brown expand

Accounting Today

Aprio merged in CSH&G, and Adams Brown added The Technology Specialist Inc.

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Your Firm and Your AI Strategy

CPA Practice

A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. As noted in my April column , there are various innovative uses of AI and privacy risks for your client data. Additionally, as we covered AI tools in my June column , I recognized that my priorities for AI are not yours, nor should they be.

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New I-9 Form Begins August 1, 2023

Insightful Accountant

The US Citizenship & Immigration Service has announced a new Form I-9 available on August 1, 2023, and also a new alternative I-9 documentation procedure available only to qualified E-verify employers.

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7 Tips for CPAs to Manage Remote Employees During Coronavirus Crisis

Ace Cloud Hosting

In these challenging times, when the coronavirus outbreak has become a menace for most parts of the world, it is not only insisted but advised by the authorities to stay.

cpas 98
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AICPA Makes Recommendations on Improving IRS Appeals

CPA Practice

The American Institute of CPAs (AICPA) provided recommendations to the Internal Revenue Service (IRS) regarding how the IRS can improve access to the IRS Independent Office of Appeals for taxpayers who do not live near an Appeals office. Currently, there are over 60 Appeals offices in 40 states with 11 jurisdictions that have limited or no Appeals presence; not all taxpayers are able to travel to an office to present their case in person.

cpas 98
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Nathan Rodgerson on the Benefits of the Tech Stack

Insightful Accountant

Zoho's Nathan Rodgerson joins Insightful Accountant's Gary DeHart on the latest edition of the Accounting Insiders' podcast. Learn the advantages of leveraging a tech stack.

Account 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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What Small Businesses Need to Know about the ADA and FMLA

CPA Practice

By Richard D. Alaniz, J.D. Supervisors occupy a far more demanding and consequential position in today’s workplace given ever increasing regulation. Supervisors are the trainers of new employees, the employees’ primary contact with the company, as well as the employer’s eyes and ears on the production floor or around the office. Perhaps a supervisor’s most significant role is serving as the employer’s first line of defense against the incidence and continuation of regulatory non-compliance.

Legal 98
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The Best Way to Advance Your Engineering Firm's Bookkeeping

GrowthForceBlog

With a lot of time and attention focused on delivering solutions to your clients, little time, and energy are left for focusing on your back office

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Advisory in Your Firm: Price, Process, and Getting Started

CPA Practice

By Scott H. Cytron. Advisory, Advisory, Advisory. What does advisory mean to you and your firm? Larger practices have entire departments and groups of professionals devoted to delivering Client Accounting Services. And while smaller firms know they should deliver tax advisory services, they struggle with how to get started, the fees they should charge , and capacity issues.

CPA 97
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Keep Manufacturing Businesses Organized with NetSuite

AccountingDepartment

As a manufacturing business owner, keeping track of every moving part of your operation can be challenging. From tracking inventory levels to managing finances and processing orders, disparate systems can quickly become overwhelming.

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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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Assessing accountants' project management skills

Accounting Today

Many firms know how to figure out if an accountant has good technical skills — but the ability to manage a project (or several) is something else again.

Account 96
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The Great University Data Breach That Hasn’t Happened Yet

Withum

Over the last several years, it has become apparent how rapid the growth of collegiate Esports has become. What was once considered a pastime of playing video games after school has become a growing varsity sport for many colleges nationwide. Universities have also begun to heavily invest in arenas dedicated to Esports. For those athletes that never – in their wildest dreams – thought the day would come when gaming would be a significant collegiate sport, this is cause for celebration.

Sports 96
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Five Auburn Alumni Receive Award for Work to Advance Tax Prep Software

CPA Practice

By Neal Reid. Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software. Samuel Ginn College of Engineering graduates Olumuyiwa Aladebumoye, Tevin Harrel and Jordan Ward, as well as Bre Johnson from the Raymond J.

Tax 94
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Be Prepared for IRS ERC Audits

Cherry Bekaert

Throughout the past three years, there has been a sudden increase in temporary consulting firms or Employee Retention Credit (ERC) Mills, encouraging businesses to apply for the ERC and, in many cases, without conducting thorough due diligence required under the Coronavirus Aid, Relief and Economic Security (CARES) Act and Internal Revenue Service (IRS) Notices.

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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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Finance leaders cutting costs, but sparing personnel and tech spending

Accounting Today

A recent report shows CFOs are looking to drastically cut costs, but two safe areas are staff and technology.

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Who is Most Often Targeted in BEC Emails?

MineralTree

How to Protect the AP Team Picture this: You receive an email from one of your company’s vendors requesting an urgent update to their payment information. You have a strong relationship with this vendor, so you comply without a second thought — unaware that you’ve just fallen victim to a BEC (business email compromise) scam. BEC is a form of cybercrime in which attackers impersonate or manipulate legitimate email accounts to deceive individuals from an organization into sharing sensitive informa

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Majority of U.S. Consumers Use Apps for Finances Before Turning to Accountants

CPA Practice

In a recent survey by financial app developer Capterra , 60% of respondents now seek advice from personal finance apps before reaching out to financial professionals. Furthermore, 64% of fintech users feel that these tools have significantly reduced their reliance on financial advisors. “Fintech has rapidly advanced within the last few years, changing how traditional financial services are offered and how consumers manage their finances,” says Max Lillard, senior finance analyst at Capterra.

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How Cloud Accounting Can Help Improve Efficiency of Small Businesses?

Ace Cloud Hosting

One of the most imperative business operations, accounts management plays a crucial role in determining business performance and its overall efficiency. An effective accounting operation in place can help you.

Account 52
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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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SMD Consulting & Accounting, LLC: Canopy Creates an Easy Transition to Better Software

Canopy Accounting

"Canopy better serves our needs, has more efficiencies, and it's better cost saving when we take it in and aggregate to all of our other tools." - Sean Duncan, Founder SMD Consulting & Accounting. Why Choose Canopy? Canopy is a comprehensive solution that consolidates client management, project management, task tracking, and document storage. The software's user-friendliness, accessibility through mobile apps, and ability to handle IRS transcripts in batches help SMD Consulting & Account

Account 52
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How Cloud Accounting Can Help Improve Efficiency of Small Businesses? 

Ace Cloud Hosting

One of the most imperative business operations, accounts management plays a crucial role in determining business performance and its overall efficiency. An effective accounting operation in place can help you.

Account 52
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IRS plans better audits of large partnerships

Accounting Today

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

audit 52
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6 Startup KPIs You Need to Measure

Withum

As funding for technology startups and emerging growth companies face continued pressures, there will be an increased investor due diligence and review of key operating and financial key performance indicators (KPIs). The depth and complexity of startup KPIs can be as simple as a back-of-the-napkin calculation or as complex as a merger of multiple customer relationship management (CRM) systems and financial information.

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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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Achieve Peak Efficiency with Tipalti and QuickBooks

Insightful Accountant

The new eBook will show you everything you need to know about managing your accounts payable process. Find out how to download yours today.

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Optimizing E-Commerce Accounting and The Crucial Role of Inventory Management

Basis 365

Inventory management plays a vital role in the success of any eCommerce business. Efficiently managing inventory is crucial for maintaining accurate financial records and ensuring the smooth operation of the supply chain. Inventory management plays a significant role in eCommerce accounting, so let's review its impact on various aspects of the business.

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Anchor APP Academy

Insightful Accountant

Insightful Accountant App Academy's are short "lessons" featuring App found in the Intuit Ecosystem. Gary DeHart, sat with Omry Man from Anchor and learned what Anchor does and how accounting professionals leverage automations.

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Examining the degrees of today's top accounting leaders

Accounting Today

The rising cost of higher education raises the question of where to get a degree. This study examines the educational backgrounds of C-suite executives in the top firms.

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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.