Cherry Bekaert

MAY 23, 2023

In today’s digital age, it’s imperative to manage your organization’s data for policies, procedures and best practices to maintain the system integrity and performance. On this episode of the Risk & Accounting Advisory podcast, join Neal Beggan , Partner and Cherry Bekaert’s Risk Advisory Practice Leader, and Alan Swan , Managing Director and Risk & Data Management Leader, as they dive into data management and emerging technologies, their institutional impacts and how banks provide a

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TaxConnex

MAY 23, 2023

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. Take diapers. Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada.

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tax South Carolina Sales South Dakota 130

BurklandAssociates

MAY 23, 2023

Maintaining accurate and complete financial records is critical for compliance, business intelligence, and investor due diligence. The post What are the Important Financial Records for Startups to Keep? appeared first on Burkland.

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tax account accountant accounted 130

CPA Practice

MAY 23, 2023

By Brent Johnson, Derek Hall – nj.com (via TNS). New Jersey’s top two state lawmakers gave an indication Monday that tax cuts — one proposed for seniors, another already planned for large corporations — are likely to be a big focus, and possibly spark a big fight, in the final weeks of state budget negotiations. State Assembly Speaker Craig Coughlin , D-Middlesex, proposed a plan to “effectively cut” property taxes in half for all people 65 and older who live in the Garden State.

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Advertiser: Paycor

Choosing an HCM partner is one of the most important decisions you’ll make because time is one of your company’s most strategic assets. How do you want to spend your time?

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Insightful Accountant

MAY 23, 2023

B2B CFO's Don King continues his multi-arc series on explaining why mastering these areas will help management monitor their financial performance and identify areas for improvement—among other things.

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CPA Practice

MAY 23, 2023

By Reade Pickert, Augusta Saraiva, and Jonnelle Marte, Bloomberg News (TNS) Three years ago, a global pandemic triggered a so-called “she-cession,” as millions of women lost their jobs or left the workforce to care for loved ones. Now, they’re leading the recovery. Companies have more women on their payrolls than ever before, in part because of a steady rise in the share of women ages 25 to 54 who are employed or searching for work.

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payroll Florida Government Hospitality 101

Xero

MAY 23, 2023

In just a few months, we’re heading back to Sydney’s iconic Darling Harbour for Xerocon 2023! On 23 and 24 August, we’re bringing our partner community together from across the globe for two inspiring days. So what can you expect? As the world’s most beautiful and innovative conference for cloud accounting leaders, this is your opportunity to see world-class speakers and entertainers, hear thought-provoking updates from Xero’s leadership team, and take home practical learnings from the Xero show

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CPA Practice

MAY 23, 2023

The IRS is using nearly 70 additional filters for the 2023 tax-filing season to identify potential identity theft tax returns and prevent fraudulent refunds from being issued, and those extra fraud detection tools seem to be working well, according to the interim filing season report released by the Treasury Inspector General for Tax Administration on May 10.

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tax tax return Start-ups 98

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees. Payroll remediation by experienced state and local tax advisors can alleviate these difficulties by working with the appropriate state and tax authorities to rectify past mistakes and ensure future compliance.

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payroll tax payroll tax Rhode Island 98

CPA Practice

MAY 23, 2023

The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process. The Simplify Automatic Filing Extensions (SAFE) Act of 2023 would assist the Internal Revenue Service (IRS) with receiving extensions earlier in the year, providing taxpayers, CPAs and the IRS with a streamlined process and reducing the need for many penalty abatement requests.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Ready to automate the month-end close process but don't know where to start? We got you covered. Join us in this informative webinar where we will walk you through the main consideration areas when it comes to evaluating and selecting a month-end close solution. We will cover everything from sponsor champion identification, vendor evaluation, pitfalls during contracting, IT requirements, termination considerations, and more.

Maine

Cherry Bekaert

MAY 23, 2023

Company Background A technology company (the Company) that provides cloud-based Software-as-a-Service (SaaS) has more than 160 customers across 33 different states. Founded in 2015, the Company has grown its annual recurring revenue to more than $6 million. Situation: Sales Tax Obligations Spanning Multiple States The Company was only registered with and reporting sales tax to its home state.

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tax Sales tax return audit 98

CPA Practice

MAY 23, 2023

The IRS said on Monday that it will not raise interest rates for the third quarter of this year. Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily. Here is a complete list of the Q3 rates: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. 4.5% for the portion of a corporate overpayment exceeding $10,000. 7% for underpayments (taxes owed but not fully paid). 9% for large corporate underpaymen

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tax 96

Withum

MAY 23, 2023

Explore Other Episodes The post Decentralized Storage Unveiled – The Future of Cloud Storage With Storj Labs appeared first on Withum.

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CPA Practice

MAY 23, 2023

Now in their 19th year, CPA Practice Advisor Readers’ Choice Awards give our readers, most of whom are tax and accounting professionals in public practice or in corporate roles, a way to spotlight the technologies they’ve found to be most useful in running their practices or helping them provide services to clients, in addition to client-side systems that may help streamline the relationship with the firm.

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Advertiser: Paycor

Why are HR leaders so important to business success? Because leaders across the organization, from the C-suite to frontline managers, disproportionately affect employee engagement. It goes back to the old saying: “A boss has the title, but a leader has the people.” Learn more and discover the 3 steps to driving loyalty and engagement: The true power of intentional coaching The secret to optimizing performance The best ways to reward employees & retain top talent Don't miss out, download now!

Insightful Accountant

MAY 23, 2023

Murph takes another peek at Hour Timesheet, a DCAA-compliant timekeeping software that integrates with QuickBooks Online or QuickBooks Desktop.

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quickbooks 103

Going Concern

MAY 23, 2023

EY Global Chairman and CEO Carmine Di Sibio and King Charles III stan showed up on Squawk on the Street today talking about the labor market and, more notably, how the firm is using an AI chatbot to answer payroll questions. The AI segment begins around 3:05. He also discussed hiring, saying they’ve been seeing a slowdown in hiring across the board (he means outside of the firm), “particularly in professional services” (so, in the firm).

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payroll Start-ups 83

AccountingDepartment

MAY 23, 2023

In today's fast-paced business environment, organizations must leverage the right tools and technologies to stay competitive and achieve sustained success. Efficient management of enterprise resources is critical for smooth operations and growth.

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Technology NetSuite account accountant 83

Going Concern

MAY 23, 2023

Don’t know why but this article is hilarious, it feels way more TMZ than you ever expect an article about disgraced former professional services leaders to be. The Australian has informed the world that scandal-plagued ex-PwC CEO Tom Seymour was spotted in public three days after the firm announced he would be retiring on September 30th. It appears he is wearing a hoodie from Deer Valley Ski Resort in Park City, Utah.

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Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

Legal

Xero

MAY 23, 2023

With the busy summer season approaching in the northern hemisphere, many small businesses are gearing up for the busiest time of the year. And while the increase in customers provides a nice boost in revenue, the summer months also bring unique challenges. If your small business is one that experiences heavy traffic during the summer season, you’re likely preparing to meet the steep demand while also keeping your team motivated and focused.

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CPA Practice

MAY 23, 2023

The Minnesota Society of CPAs (MNCPA) introduced legislation this session at the Minnesota Legislature to broaden the pathways to CPA licensure, leading to many conversations with multiple stakeholders. It is in these conversations that new ideas and rationales emerge for making change. It is also where objections are raised — and these are just as important to address as the problems we seek to solve.

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cpas Minnesota cpa account 64

Withum

MAY 23, 2023

Within the vast and quickly changing world of internet technology, some of the most recent conversations include a discussion of Web 3.0, including crypto, NFTs (Non-Fungible Tokens), the metaverse and blockchain. So, what exactly is Web 3.0, and how will it impact the internet and the valuation of startup companies operating in Web 3.0? To answer this question, we begin with a survey of Web 1.0 and 2.0.

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Technology Non-Profits Finance Retail 64

Xero

MAY 23, 2023

With another epic Xero Awards evening behind us, it’s time for us to reflect on the success of our accounting and bookkeeping community. Judged by Xero leadership and a panel of guest judges from across the accounting industry, the 2023 Xero Awards programme for the UK & Ireland celebrated the rockstar accountants, bookkeepers and app partners across the region.

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bookkeeping account accountant accounted 62

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Start-ups

Canopy Accounting

MAY 23, 2023

accounting practice management software for accountants. This is possible only because we listen to our clients, incorporate feedback, and push ourselves to improve and impress.

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ThomsonReuters

MAY 23, 2023

The term “artificial intelligence” (AI) has come to mean many things, from the brains behind such digital assistants as Siri and Alexa to the supposedly unstoppable technological force that will eventually take everyone’s job away. In truth, however, AI is really just another tool developed by humans to help them perform certain tasks faster and easier.

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tax accounting and finance Legal E-commerce 52

Canopy Accounting

MAY 23, 2023

The accounting profession has always been challenging and demanding, requiring much time, dedication, and attention to detail. However, in recent years, there has been a growing trend of accountants quitting their jobs and leaving the industry altogether. And there are fewer students graduating with accounting degrees. This trend is concerning for firms, clients, and the industry as a whole.

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Basis 365

MAY 23, 2023

As the business world becomes increasingly fast-paced and complex, CFOs (Chief Financial Officers) always seek ways to maximize efficiency and cut waste. One solution that many CFOs are turning to is outsourcing their company's accounting and accounting tasks. In this blog post, we will discuss why CFOs love outsourced accounting services and the many benefits that they provide.

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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

Spend Management

Accounting Insight

MAY 23, 2023

Over 10,000 attendees visited Accountex London at ExCeL on the 10-11 May 2023. Celebrated as Europe’s largest accountancy and finance event, the show had countless new additions, areas and theatres for visitors to explore. Portfolio Director, Caroline Hobden was overjoyed with the reaction “The show exceeded our expectations, with it being the biggest and best show in the history of Accountex!

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Mark Lee

MAY 23, 2023

This is probably one of the most valuable tips I share during 1-2-1 mentoring sessions. It’s not just relevant to sole practitioners though. Every client facing partner needs to know their BATASFI when negotiating fees with clients. Indeed it’s equally relevant to service providers way beyond the accountancy profession. I even know some accountants who have shared thus thinking around BATASFI with those clients for whom they provide business advice.

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CPA Practice

MAY 23, 2023

By Megan Ulu-Lani Boyanton – The Denver Post (via TNS). The heyday of marijuana sales in Colorado — back in 2020 when recreational and medical sales topped out at a combined $226 million — is a distant memory, as the state’s dispensaries struggle through an economic downturn, with sales plummeting and small businesses foundering. “The market’s just bad.

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