Tue.Aug 16, 2022

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7 easy ways to increase the value your clients get from you

Mark Lee

Your clients are more likely to stay with you if they feel they are getting great value for the fees they pay you. The challenge comes when you and your client have different views as to what ‘value’ means in this context. Accountants often assume that great value means their fees are competitive and that they aim to provide great client service.

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Why Sales Tax Technology Only Solutions Are Not Enough

TaxConnex

Since the Wayfair decision four years ago, sales tax compliance has had to become a major priority for businesses with multistate sales. In fact, 24% of finance professionals rank one of their top concerns of managing sales tax as keeping up with their evolving nexus footprint, according to a TaxConnex blind survey conducted at the end of 2021. The survey also stated that over 10% of respondents still weren’t fully aware of the impact of Wayfair (economic nexus) on their business.

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When To Hire an HR Professional for Your Startup

BurklandAssociates

Consider bringing on HR when you reach milestones like hiring your first out-of-state employees, adding benefits, and creating an employee handbook. The post When To Hire an HR Professional for Your Startup appeared first on Burkland.

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How to Simplify Communication With Clients

Accounting Web

Clients How to Simplify Communication With Clients.

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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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QBO Monday Minute II: Statement Chasing Solutions (Fetching Documents)

Intuitive Accountant

In the second of a three-part series, Liz Scott shows what document fetching apps can help you automate the collection and download of documents.

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IRS to delay foreign currency tax rules

Accounting Today

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Inflation reduction on the way

Accounting Today

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Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States?

Going Concern

“What are they gonna do, stop requiring 150 units? THAT’S CRAZY.” That’s what a stakeholder told me recently when we spoke about the accountant shortage and the growing gap between students getting accounting degrees and recent graduates sitting for the CPA exam. Fewer people are pursuing accounting degrees and the ones that are have been less and less interested in taking the CPA exam as time goes on.

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Now’s the Time to Revisit Your Buy-Sell Agreement – Will Your Company’s Buy-Sell Work at Today’s Valuations?

Dent Moses

Valuations for most businesses have dramatically increased over the last few years. There is plenty of activity and cash in the M&A market. Industries (like engineering) have become targets for venture capital pushing valuations even higher. Many of the buy-sell agreements were set up when the business started, sometimes decades ago, and are no longer appropriate.

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IFAC offers online resource center for accountants

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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Navigating the Schedule K-2, K-3 Landscape – Don’t Overlook Penalty Relief

ThomsonReuters

Starting with their tax years that begin in 2021 (the 2021 tax year) pass-through entities with items of international tax relevance must contend with a number of new forms and instructions. Specifically, Schedules K-2 and K-3 for Form 1065, Partners’ Distributive Share Items—International, Schedules K-2 and K-3 for Form 1120-S, Shareholders’ Pro Rata Share Items—International; and.

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PayPal named the most intrusive financial app

Accounting Today

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Introducing our Xerocon New Orleans event partners

Xero

Xerocon New Orleans is a unique opportunity to hear about the latest news and updates in the Xero community, get inspired by world-class keynote speakers, and connect with powerful apps, tools and services providers from across the accounting and small business industries. Take a look at some of our Xerocon New Orleans 2022 event partners, and make sure you add them to your list of must-meets on August 24 and 25 at the New Orleans Ernest N.

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Doc.It by IRIS now sports cloud functionality

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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Quickly Adapt To Growth By Upgrading To Stronger Systems

AccountingDepartment

In today's world, one of the biggest things people hear about is supply chain issues and delays in the building and construction industries. Even with those delays, these industries are booming and bringing a large amount of work to companies. With that, engineering firms, architecture firms, and others play a role in getting things done in a timely manner to make those industries succeed and they are growing at a rapid rate.

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Neat makes ACH/bank transfers free

Accounting Today

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Commonly overlooked accounting issues small businesses owners must address

Basis 365

As a small business owner, you have a lot on your plate. You're likely to be busy managing, marketing, and filling a half dozen roles simultaneously if you run a small business. As a result, it's easy to forget about simple accounting issues until it's too late. Taxes on self-employment Self-employment tax may apply if you are self-employed. This tax is around 15.3% and adds to your other federal and state taxes.

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Sage acquires Lockstep

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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The corporate tax department business case: Making the final tax technology pitch

ThomsonReuters

For corporate tax departments, making the tax technology pitch for an automated solution is a relatively simple one. 1—It will save money by: reducing tax errors and over-payments. making the department’s overall operations more efficient. reducing IT maintenance costs and reliance on third-party outsourcing. 2—It will protect the organization against: fines and penalties for being out of compliance. the reputational risks of being penalized or sanctioned. errors and violations associated with o

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PCAOB drafts 5-year strategic plan

Accounting Today

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What Kind of Services Does an Accounting Controller Provide?

IgniteSpot

Top Services Accounting Controllers Provide. Controllers help create financial processes that protect the company from financial harm. They’re your trusted resource to take ownership of accounting, bringing expertise that bookkeepers and accountants don’t have. These strategy-driven financial pros bring specific benefits to the table to push your financial health and business potential to the next level, creating opportunities.

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AuditBoard launches Third Party Risk Management

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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Tax Deductions for 529 Plans Outside of Your Resident State

Anders CPA

A 529 plan is a tax-advantaged savings plan which is aimed toward encouraging saving for primary and secondary education expenses. These plans are sponsored by states and, in some cases, private educational institutions. Many taxpayers wonder whether they can contribute to a state plan outside of the state they reside in, and the answer is yes, but it may affect your tax deductions.

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My experience taking action for racial equity at PwC

Accounting Today

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CalCPA BUZZ: Rise & Stride Episode 4 Released

CalCPA

CalCPA member, attorney and award winner Shannon Nash, CPA—CFO of the on-demand, drone delivery service Wing—shares her experience on bringing Google’s Alphabet technology. The post CalCPA BUZZ: Rise & Stride Episode 4 Released appeared first on Hot Topics.

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KWC merges in Kimble CPAs

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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Common Ways to Hold Title in California

KROST

We often get questions from clients on how to hold title to property they are about to purchase. As real estate might be the most important asset that an individual or couple may own, how ownership is vested is extremely important. Proper titling will affect the current and future rights of parties to the transaction, Read the full article. The post Common Ways to Hold Title in California appeared first on KROST.

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Renaissance hedge fund ends no-fee investment perk after IRS complaints

Accounting Today

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Pool Allocation Considerations for Government Contractors

Withum

With Summer in full effect, what a perfect time to talk about building pools – cost pools, to be exact. To develop an indirect cost rate structure, costs must be segregated into homogenous pools where the allocation measures for indirect cost are based on the beneficial or causal relationship between an indirect cost pool and cost objectives. To best introduce the concept and importance of pooling cost and the most common categories related to government contracts, it is best to visualize an exa

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In the blogs: Abrupt changes

Accounting Today

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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.