Thu.Sep 01, 2022

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Letters to the Editor: CPAs Give Their Perspectives on Why No One Wants to Be an Accountant Anymore

Going Concern

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). It seems his words resonated with a few people who felt compelled to reach out and offer their own perspectives. Here are two of the emails we received in response to that article.

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3 things to remember about economic nexus

TaxConnex

This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. The following is a list of 3 things you need to know to get started in understanding your economic nexus footprint. 1.

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Why AI could be a financial director's best friend during busy season

Accounting Today

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IRS Audit & Appeals Help – How the Inflation Reduction Act Affects

MyIRSRelief

Although the 2022 Inflation Reduction Act (IRA) was touted as being a bill designed to reduce inflation, it carries with it considerably more baggage. In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited.

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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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Getting small businesses ‘finance ready’

Xero

One of the greatest challenges for small businesses is accessing capital when they need it most. My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. So I was excited to host a panel discussion at Xerocon London with three experts to understand how small businesses can feel supported on their finance journey. .

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How to Hire Employees Who Are the Best of the Best

Patriot Software

Do you know how to hire employees? What all goes into the hiring process? For starters … a lot. Too much for one regular article to cover, which is why I’ve written this mega article. After over 30 years of trial and error, I know how to avoid hiring losers. So, I’ve wrapped up my […] READ MORE.

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Introducing our Xerocon Sydney event partners

Xero

When you’re at Xerocon Sydney on 7 and 8 September, please take the chance to find out about some of the best and most loved apps, tools and services from across the accounting and small business industries. This year, more than 70 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon Sydney. Whether it’s help with payments, practice workflow management, time tracking or document management, there’s something for everyone.

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Be Prepared! September is National Preparedness Month

Intuitive Accountant

Since you are your clients’ trusted advisor, you should continually remind them that the best way to avoid being unprepared is to get ready. Insightful Accountant Publisher Gary DeHart explains why.

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Latest product news — September 2022

Xero

It was great to showcase our plans for new tools and features at Xerocon New Orleans last month. While we were busy connecting with our partners, Xero teams around the world were enhancing the features on our platform. Here’s an overview of the features we’ve released in the past month, and those that are coming soon. New features. Find the right document pack more easily — Global.

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What Are Bookkeeping Services, Exactly? Let Us Explain.

AccountingDepartment

In the months or years since you first became a business owner, how many times have you been told you need bookkeeping services? How many times have you quietly wondered to yourself if there isn't a better, easier, or more efficient way to manage your accounting? If you’re like most business owners, the answer is probably, “A lot.” From the time you first opened your doors and collected your very first dollar, advisors, partners, and other well-meaning associates have undoubtedly weighed in and

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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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How to Do a Background Check: 6 Steps for Due Diligence When Hiring Employees

Patriot Software

According to one source, 96% of employers conduct at least one type of background screening. If you’re like many business owners, you likely want to do your due diligence before making any hiring decisions. Otherwise, you could be left with some rotten apples and wasted time. If you haven’t already, jump on the background check […] READ MORE.

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5 Things I Wish I Would Have Done Differently Running My Firm

Ryan Lazanis

As you grow and develop your own firm, mistakes will inevitably happen. That’s why in this podcast episode, I will share with you the 5 things I wish I would have done differently to help make your life easier during your firm-building journey. Listen Below. 0:55 – The first thing I would have done differently would have been to delegate more. 1:43 – So many firm owners I see are involved with all areas of the business when in actuality they can hire and delegate. 2:09 –

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How Mobile Wallet Works, and Ways to Use Digital Payments for Payroll

Patriot Software

As an employer, you are likely familiar with the standard methods of paying employees, such as cash, checks, direct deposit, and pay cards. However, as technology advances, so do the methods of paying employees. Mobile wallets and pay are slowly becoming the future of payroll. In fact, mobile payments are expected to increase to $503 […] READ MORE.

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Singapore names two former Noble directors who got accounting warnings

Accounting Today

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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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Speed up Customer Payments With an Early Payment Discount

Patriot Software

Ever feel like getting customers to pay is like pulling teeth? If you’re in business and invoice customers, the answer is likely a resounding yes. Many customers wait until the due date to pay (who hasn’t?). Other customers still don’t pay even after the deadline has passed. And if your business needs cash, you may […] READ MORE.

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Inflation makes it seem small businesses are growing, but report says otherwise

Accounting Today

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8 Steps to Follow When Becoming an Employer

Patriot Software

Hiring your first employee is a huge milestone for you and your business.[/inlinetweet] However, becoming an employer comes with many additional responsibilities. If you’re ready to become an employer, you must know which steps to follow. 8 Steps for becoming an employer Use these eight steps to learn how to become an employer. 1. Find […] READ MORE.

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Pinion to merge in Anderson ZurMuehlen

Accounting Today

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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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5 Tips for Managing Vacation Requests Fairly and Effectively

Patriot Software

As an employer, you face the challenge of juggling employees’ vacation requests. It can be difficult to find the perfect balance of being flexible while ensuring your business has enough coverage. To keep things fair and square, learn the ins and outs of managing vacation requests. Managing vacation requests Otherwise, unfair procedures could spell doom […] READ MORE.

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JPMorgan Frankfurt offices raided as part of tax probe

Accounting Today

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New Semester at Fairleigh Dickinson

Withum

Today a new semester starts at Fairleigh Dickinson University (FDU). I will be teaching Auditing in the Master of Accounting Program. This will be the ninth course I will be teaching at FDU. FDU has one of the country’s top MBA and graduate programs in accounting, and I am honored to be a part of this fine university. I’ve taught about 30 semesters at FDU.

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MicroStrategy co-founder sued by D.C. for not paying income taxes

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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Academic Paper Writing Service – Finding an Author for Your Research Paper

SkagitCountyTaxServices

Writing research papers is an incredibly challenging task with two sides. The team has to be talented and skilled writers who can convey their ideas by using words. However they should also be knowledgeable researchers who know how to find the most reliable data sources. Sometimes, this involves reading encyclopedias and books, in along with the Internet.

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IMA begins search for new CEO as Thomson prepares to retire

Accounting Today

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Is There a Such Thing as Corporate Bonding Exercises That AREN’T Objectively Terrible?

Going Concern

So r/accounting decided they wanted to remind of us of PwC’s horrifying Shabooya incident and discuss corporate bonding exercises that are somehow worse than that which I didn’t think was possible. Because I hate to cringe alone, I figured I’d share in case you missed it. First, Shabooya for the unfamiliar (TW: cringing, unnecessary enthusiasm): PwC, you will never live this down.

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Outlook on U.S. economy remains at 11-year low, survey says

Accounting Today

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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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Taking the next step on your firm’s advisory journey

ThomsonReuters

In the latest episode of Pulse of the Practice, “ Advisory Symposium ”, Paul Miller, Owner of Business by Design , and Mo Arbas, Senior Business Advisory Consultant with Thomson Reuters, sat down with Lisa Tierney, Manager, Professional Services with Thomson Reuters Tax & Accounting Professional Services, and Therese Witherow, Principal Trainer at Thomson Reuters, to discuss the Thomson Reuters Advisory Symposium.

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Don't Get Caught Making These Accounting Mistakes

AccountingDepartment

As a business owner, handling accounting in-house and with manual processes may seem like it will save you the immediate expenses of a professional, but it could be costing your business much more in the long run.

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Don’t despair: The Superfund Excise Tax is perfect for automation

ThomsonReuters

It’s been more than twenty-five years since the Superfund Excise Tax was suspended, so when a new version went into effect on July 1, 2022, many companies were unsure whether the tax applied to them—or if it did, how they should calculate, report, and pay the taxes they suddenly owe in an accurate and timely manner, with the same or fewer resources as they had before.

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Benefits of a Document Management System for Accountants? | Canopy

Canopy Accounting

A sharp, well-organized document management system benefits your accounting firm in important ways.

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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.