Tue.Aug 02, 2022

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3 Genius Reasons to Automate Your Accounting Workflow | Canopy

Canopy Accounting

Accounting workflow software is an investment, and before going all in, you’d probably like to know what the return will be. The vague, non-technical, CliffsNotes answer to that question might look something like this: a lot—your ROI will be a lot.

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New CalCPA chairs plan to focus on diversity, education in accounting

Accounting Today

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Sales tax holidays for the rest of the year

TaxConnex

Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come. Some of the deals are long-standing; others have been trotted out by lawmakers claiming to want to help constituents weather inflation. These holidays are limited times (frequently weekends) where a state allows sales tax to be eliminated or reduced on categories of consumer products.

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3 Ways Startups Can Cultivate Positive Mental Health in the Workplace

BurklandAssociates

Our careers and work are an integral part of our lives and even play a role in how we view ourselves and our identity. We spend, on average, 90,000 hours, Read More. The post 3 Ways Startups Can Cultivate Positive Mental Health in the Workplace appeared first on Burkland.

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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 to prepare for potential climate change disclosure requirements

Accounting Today

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Wash Sale Rules and Cryptocurrency Tax Planning for 2022

Anders CPA

Cryptocurrencies are on the rise, but many investors don’t understand the tax treatment and impacts of these digital currencies. If you’re already investing or looking into investment opportunities, now is the time to familiarize yourself with current tax reporting requirements and wash sale rules before they apply to cryptocurrencies. What is a Wash Sale?

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Anders Jumps 11 Spots to #89 on IPA Top 100 Firms for 2022

Anders CPA

After joining INSIDE Public Accounting (IPA)’s list of Top 100 firms at #100 in 2021, Anders jumped 11 spots in 2022 to #89. The IPA Top 100, 200, 300, 400 and 500 recognize the top U.S.-based accounting firms based on net revenues. This is IPA’s 32nd annual ranking of the largest accounting firms in the nation. Anders rose through the ranks of the Top 200 firms for many years and broke into the Top 100 list in 2021 with 2020 firm revenue of $43.5 million.

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IRS adding more filters trying to catch business tax fraud

Accounting Today

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Happy 125th Birthday, KPMG!

Going Concern

Today is August 2 and KPMG is turning 125! Way to prove the naysayers wrong as they pointed and jeered and insisted that we’d be down to just three Big 4 firms by the end of the 2010s. YOU GO, KPMG. Don’t listen to those haters. There’s a press release because of course there is: KPMG LLP, the U.S. audit, tax and advisory firm, is celebrating its 125th anniversary on Aug. 2.

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Splashtop – A Remote Support Software Synopsis

Intuitive Accountant

Looking for a remote software solution alternative that offers more bang for your buck? Depending on your exact requirements, Splashtop might be what you've been waiting for.

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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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Los Angeles Might Outsource Its 211 Phone Service to Deloitte and People Are Not Happy

Going Concern

Deloitte Consulting might be picking up a new client: the downtrodden of Los Angeles County. ABC7 reports : Los Angeles County’s nonprofit “211LA” hotline to health, human and social services is on the verge of being turned over to a private company, pending a vote by the county’s Board of Supervisors. The supervisors are slated to vote Tuesday on whether or not to transfer control of the phone service to Deloitte Consulting, which would get a seven-year, $67.25 million c

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FloQast, Microsoft Collaborating on Workflow Integration

Intuitive Accountant

FloQast is joining the Microsoft Business Applications ISV Connect Program to help deliver an efficient and more accurate financial close.

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The 2022 MP Elite

Accounting Today

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Key Skills for Accountants in A Post Pandemic World

Accounting Insight

The pandemic has forced everyone to change their business model! As businesses come out of hibernation and ramp up operations to meet the demands of a post-crisis economy, CFOs are expecting a different set of skills from accountants of the future. The next generation of accounting and finance professionals needs to be dynamic, versatile, and comfortable working with latest technology and software.

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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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Forging ahead: Leading an accounting firm into the future

Accounting Today

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Alert: IRS Sends Incorrect Balance Due Notices on Married Filing Jointly Returns

Nancy McClelland, LLC

(c) Matthew G. Bisanz, CC BY-SA 3.0 via Wikimedia Commons. After Forbes reported in early July that starting a month earlier, tax professionals had noticed a higher-than-usual volume of CP-14 notices — the type typically issued when a taxpayer has a balance due on their account — the IRS has finally admitted that this is a systemic issue.

Tax 98
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Kentucky storm victims get federal filing relief

Accounting Today

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Omnichannel NetSuite Integrations Reshape Veteran Businesses

AccountingDepartment

Veteran businesses that have been around for years before high-level technology was commonplace could often find themselves juggling between multiple systems. These systems may have been adopted over the years to help make operations run smoother and simplify some manual processes within the company - or create more.

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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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Build Back Better born again (sort of)

Accounting Today

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How accounting firms can fill talent gaps with technology

ThomsonReuters

With The Great Resignation accelerating staffing challenges for accounting firms of all sizes, it might be time to look for a non-traditional new hire: technology. Many firms have historically employed dedicated staff to manage specific manual tasks and processes. In fact, it’s how most entry-level positions start out—entering trial balance data into engagement software, formatting financial statements, or scanning spreadsheets for inaccuracies.

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Small business hiring and wage growth slowed in July

Accounting Today

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Using tax technology to boost agility and retain staff

ThomsonReuters

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. The mass exodus of employees from the workforce—known as The Great Resignation—is impacting the accounting profession and leaving firm managers scrambling to find quality staff.

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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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Yoga pose or killer tax strategy? The discreet charms of a reverse rollover

Accounting Today

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How to Get the Most Out of Your Online Accounting Firm

IgniteSpot

Start with Robust Onboarding. Efficient online accounting services don’t take shape overnight. We usually describe it the same way as starting a new job—it starts with a 90-day probationary period. The difference is that an employee spends 90 days learning the ropes, whereas an accounting team uses the time to set you up for success.

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Compensation Watch ’22: Did Huge Revenue Boost = Better Raises For BDO USA Employees?

Going Concern

Last week we reported on BDO USA’s stellar fiscal 2022, as the firm raked in just under $2.5 billion in revenue —a nearly 25% increase over 2021’s revenue of $2 billion. At the end of last week’s post, we wondered whether BDO’s large revenue gain would benefit employees during comp conversation time. Well, the 2022 BDO comp thread is out on r/accounting , so let’s take a look. .

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CalCPA BUZZ: Service Award Winners Announced

CalCPA

The following CalCPA Service Awards were presented at CalCPA’s Annual Meeting July 28: Outstanding Accounting Educator Award Dr. Gary Schneider, CPA CSU, Monterey. The post CalCPA BUZZ: Service Award Winners Announced appeared first on Hot Topics.

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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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Attracting Gen Z talent to the accounting profession

ThomsonReuters

A notable portion of today’s accounting curriculum in college is dedicated to teaching aspiring accountants how to use current accounting technology. When Gen Z talent head out into the real world, they have an expectation that their employers will be using—at a minimum—the tools they learned in school. And many graduates are likely looking forward to learning even more advanced technology on the job.

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Are outsourcing accounting services a good idea for a mid-sized business?

Basis 365

Accounting is not dependent on the size of the company. It is equally essential for all businesses. Financial aspects are important to businesses as they provide insight into their finances and help them make informed decisions. Larger companies usually have a team of qualified accountants and bookkeepers who help them achieve accuracy and maintain proper accounting.

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In the blogs: Into the unknown

Accounting Today

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Business Bank Account Fraud: What to Do If You Notice an Unauthorized Transaction

Patriot Software

You’re doing a bank statement reconciliation (aka the process of comparing your bank statement to books) like normal. But, things don’t add up. Suddenly, you realize the discrepancy is because there’s a large charge on your statement … but not in your books. Where’d this come from? I never spent this! And indeed, you haven’t—you’ve […] READ MORE.

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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.