How CPA firms can get focused in the next 30 days
Accounting Today
JANUARY 6, 2023
Fri.Jan 06, 2023
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Believe It Or Not, KPMG Is Helping to Fix the Accountant Shortage Through Its Terrible Audit Work
Going Concern
JANUARY 6, 2023
A little data point for you to feast on as we go forth into the new year: the PCAOB levied record fines of $11 million in 2022, more than $8 million against KPMG alone. 2022 was also the year the PCAOB handed out the largest civil money penalty against an individual in PCAOB history ($150,000). Will they beat their high score this year? The odds are pretty good.
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BDO USA Botched More Than Half of Its Audits Inspected By the PCAOB In 2021
Going Concern
JANUARY 6, 2023
Fat Joe’s favorite audit firm once again had a spectacularly horrible PCAOB inspection report. In the 2021 inspection of BDO USA, LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies. We selected for review 30 audits of issuers with fiscal years generally ending in 2020.
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.
Fuel Business Growth With Outsourced Accounting in 2023
GrowthForceBlog
JANUARY 6, 2023
8 min read. Having a small business does not necessarily translate to also having small bookkeeping and accounting needs. Key Takeaways. The SMB Bookkeeping and Accounting Dilemma: When business owners choose to do their own books, they often miss out on valuable financial insights, leave their businesses open to risks of internal fraud, and end up losing money, time, and….
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1099 + Other Year-end Reporting Tips for Your Tech Startup – 2023
Shay CPA
JANUARY 6, 2023
Founders, for 2022, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2022. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) – (box 1). Payments to an attorney (box 1). If you just started your tech company in 2022, it’s great practice for you as a business owner to start collecting a W9 form ( link ) from all contractors your business decides to work with.
Tax-Exempt Bond Financing for Affordable Housing
Withum
JANUARY 6, 2023
State and local governments, based on volume caps established by the federal government, are able to issue tax-exempt housing bonds. The proceeds of these bonds are used to finance mortgages for, among other uses, the production of affordable housing. Tax-exempt bonds are those where the interest paid to the bondholders is exempt from federal income tax and, in certain situations, state and local taxes as well.
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.
2022 Year-End Financial Benchmark Charts and Graphs
Withum
JANUARY 6, 2023
These charts continue an annual tradition I use to assist clients with their financial planning. The charts show the 10-year annual and cumulative percentage gains or losses of the major stock market indexes, interest rates, currencies, and gold. The charts include the dividends paid, the price-to-earnings ratio and the index’s earnings and dividend payout percentages.
Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23
Going Concern
JANUARY 6, 2023
Wooooo it’s the first Footnotes of 2023! Here’s what’s going on, there’s not a whole lot of it: Long Read. FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.
How to Get Clients to Pay on Time: 7 Easy Steps to Make Sure Your Firm Gets Paid
Patriot Software
JANUARY 6, 2023
You work hard to ensure your client’s businesses do well. But, many accounting professionals struggle with an unreliable cash flow when clients pay late or forget to pay. The good news is your firm doesn’t have to suffer. Want to make sure your firm gets paid? Read on to learn how to get clients to […] Read More.
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.
How to Categorize Expenses in QuickBooks Online Automatically with Synder Sync
Snyder
JANUARY 6, 2023
E-commerce platforms might have numerous types of fees and keeping track of how much money online businesses have to pay to payment platforms and sales channels in fees is hard, especially if you receive payments through multiple channels. Until you take a close look, the amount can seem minor, however, once you start to calculate, it can turn out to bring you more losses than profit.
Accepting Crypto Payments in Your Skagit County Business
SkagitCountyTaxServices
JANUARY 6, 2023
First of all, congratulations on making it through 2022. Pat on the back for sticking with it through the very real ups and the challenging lows. Many of our Skagit County clients went through the wringer … others had their best year yet. From a personal standpoint, I think we’re all pretty glad to see it in the rearview. Now, welcome to 2023. Anyone making bold predictions about what’s coming down the pike is setting themselves up for a fall … but I think we can safely say that economic challen
8 Pillars of Leadership Development
Advertiser: Paycor
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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