Wed.Oct 18, 2023

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IRS questions security of planned ID verification system

Accounting Today

The service has faced challenges in transitioning the system it uses for authenticating the identities of taxpayers and tax professionals.

Tax 134
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Ensuring Success 2023 Sessions Announced: Earn 14 Hours of CPE in Two Days

CPA Practice

The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. Earn up to 14 hours of free CPE during this 2-day annual, virtual conference. Register now and mark your calendar for Ensuring Success, to ensure you meet your year-end CPE requirements. This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office.

Education 119
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Top-earning men see wage growth longer than others

Accounting Today

The researcher sourced data from IRS tax forms to track wages for men between the ages of 25 to 55.

Tax 126
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Who Had ‘Do More Fraud’ on Their Things That Could Save the Accounting Profession Bingo Card?

Going Concern

When a tipster sent this over yesterday it seemed obvious prior to clicking the link they were joking when they suggested that “people exposed to fraud have a modest increase in joining the accounting profession.” Surely that had to be a joke about professors always spouting how great it is to work at Big 4. But no, that’s actually what the research in “ Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force ,” published in the Journal of

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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PwC partners with ChatGPT creator OpenAI

Accounting Today

The accounting firm will use artificial intelligence to consult on complex matters in tax, legal and human resources.

Legal 124
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Oracle NetSuite Introduces Enterprise Performance Management

Insightful Accountant

NetSuite's newly unveiled Enterprise Performance Management will help finance leaders increase productivity, efficiency and profitability.

NetSuite 111

More Trending

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Retail Sales Grew in September, But Core Year-Over-Year Gains Are Slowing

CPA Practice

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” NRF President and CEO Matthew Shay said.

Retail 111
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Reckon’s partner of the year, Clayton Oates, talks partnerships and the importance of creating value

Reckon

This week we sat down to have a chat with Reckon’s partner of the year, Clayton Oates. Clayton is the founder of QA Business , a leading accounting professional and a prolific keynote speaker. Focused on educating other accounting professionals and adept at building partnerships, we wanted to hear Clayton’s thoughts on how to foster great professional networks and how he views the technological future of accounting.

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5 Common Ways That Legacy Technology Puts Your Firm at Risk

CPA Practice

By Shane Westra. While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes. It’s easy to understand why many accounting firms have not been focused on evolving the technology they use, especially when faced with the ongoing compliance, client, and workload demands.

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Withum Wealth Management Named to Forbes’s Top RIA Firms List

Withum

Withum is proud to share that Withum Wealth Management (WWM) was honored by Forbes on its annual SHOOK Top RIA Firms List. Compiled by SHOOK Research, the world’s only advisor research firm in the world with a specialty in quality, the list is an annual ranking of registered investment advisory firms that provide reliable, trusted service for clients and have a talent for preserving wealth in the long term.

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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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Bloomberg Tax AI Lab Enables AI Functions for Bloomberg Tax Research

CPA Practice

Bloomberg Tax & Accounting has launched its new AI Lab to enhance the Bloomberg Tax Research experience. The new Bloomberg Tax AI Lab offers customers the option of testing new AI-driven tools, beginning with an enhanced search experience using AI functionality. The first enhancement included in Bloomberg Tax AI Lab is a question and answer service, combining Bloomberg Tax Research with a large language model (LLM) to produce an AI-generated summary response.

Tax 106
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EY Expects Its People to Build a Better Working World Together In Person Up to 60% of the Time

Going Concern

While none of us read HR Brew they interviewed Frank Giampietro, chief well-being officer for the Americas, about EY’s return-to-office expectations so guess we’re reading them today. Firms’ attitudes toward remote and hybrid work have changed quite a bit since PwC proudly announced all 40,000 U.S. client services employees can work virtually and live anywhere they want in perpetuity two years ago so it’s good to find out what the firms are doing with RTO from time to tim

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It’s Time for Your Clients to Tackle Meeting Minutes

CPA Practice

By Nellie Akalp. Accountants are crucial for guiding clients through the various financial and administrative aspects of running a business. Tasks like meeting minutes might not be the most exciting part of running a business, but they are crucial for ensuring transparency, accountability, and legal compliance. As the year-end approaches, your business clients must ensure they have taken proper meeting minutes.

Legal 105
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5 Crucial Components Your ERP System Should Include

AccountingDepartment

Enterprise resource planning (ERP) systems are instrumental in helping businesses achieve optimal efficiency. By integrating various essential business functions into a unified platform, ERP systems provide a real-time overview of the business while supporting day-to-day operations and workflows.

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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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3 common cybersecurity mistakes accountants make

Accounting Today

Firms don't always make the best decisions when it comes to locking down the data that resides in their applications.

accounted 101
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Special Report: Technology Innovation Awards 2023

CPA Practice

In just a year, the promise of artificial intelligence has grown from a topic of science fiction movies into practical business applications. From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting, and many other areas of operations.

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How intelligent automation is driving a digital accounting revolution

Accounting Today

As your IA practice advances, the scope of automation expands considerably.

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Why Use a Value Added Reseller (VAR)? Benefits for Organizations

Cherry Bekaert

“A value-added reseller (VAR) is a business that specializes in offering supplier software and technologies which may be coupled with integrations and services to enhance a product offering to its customers.” Why Consider a Value-Added Reseller (VAR) The concept of using a VAR to purchase software and hardware can sometimes be confusing for organizations.

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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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Generative AI use growing for both business and consumers

Accounting Today

The rising popularity and use of generative AI since it recently exploded on the scene has not abated. Indeed, recent polls show it is rising.

Finance 91
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Right Networks Rebrands as Rightworks, Unveils Improved and Unified Experience for Accounting Firms

CPA Practice

Right Networks has rebranded as Rightworks, and announced a platform launch to offer the only intelligent cloud purpose-built for accounting firms and professionals. The new brand unifies accounting profession staples—Right Networks, Rootworks and Transaction Pro. Now, Rightworks combines best-in-class technology, thought leadership and community engagement tools to create a unique offering that enables accounting firms and professionals to build modern, sustainable and profitable businesses.

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Right Networks rebrands to Rightworks

Accounting Today

Right Networks, an accounting-centered cloud solutions provider, has changed its name to Rightworks.

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IRIS Software Group appoints new Managing Director for Accounting to drive industry-leading cloud platform, IRIS Elements

Accounting Insight

IRIS Software Group (IRIS), is today announcing the appointment of Mark Chambers as the new Managing Director (MD) for Accountancy, with a focus on the adoption and support for the industry-leading accountancy cloud platform, IRIS Elements. Chambers will use his extensive digital transformation and Software-as-a-Service (SaaS) experience to help customers unlock new IRIS Elements capabilities and explore advisory opportunities.

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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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Vendor Spotlight: Unit4

Accounting Today

In this week's Vendor Spotlight, we talk to CEO Mike Ettling from ERP solutions provider Unit4.

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5 Ways Outsourced Accounting Can Help Property Developers and Managers

Insightful Accountant

The Bonadio Group's Cheryl Prout discusses why property developers and managers can benefit from outsourced accounting.

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Reduce Financial and Digital Clutter

Withum

We are sometimes overwhelmed with clutter. Sometimes paper and, more lately, digital. The difference is that you can see the piles of paper while the digital clutter lurks in your computer. No matter what we do, it seems to grow and grow and grow. This can not only cost time and money but can set traps for you that could become quite costly, rob you of funds and cause countless added time to straighten out.

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The 10 Trickiest States for Sales Tax Filing

CPA Practice

By Gail Cole. Sometimes the most difficult tasks in life are the most rewarding, and sometimes they’re simply the most difficult. With sales tax compliance, it’s the latter. The fact is, not all states are equal when it comes to sales tax filing and remittance. For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others.

Sales 59
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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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A RECAP of the New Eligibility for Student Loan Forgiveness for Physicians Working in Non-Profit Hospitals

LSLCPAs

To save you time, we have recapped below some key provisions of the latest Public Service Loan Forgiveness program dated 9/18/23. We encourage you to read the online information sheet from the California Medical Association for details. We also urge you to continue to check the most up-to-date version at cmadocs.org/pslf, as the CMA will add material as.

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5 States with the Lowest Combined Business Taxes

CPA Practice

By Dawn Moser. Are you an entrepreneur looking to establish a new business? One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. Therefore, it’s important to explore states with the lowest taxes for businesses in order to make an informed decision that aligns your total tax burden with your financial goals and objectives.

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Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now

Withum

“Those who fail to plan, plan to fail.” These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. Interest Limitations Under Section 163(j) With record profits, reduced inventory, and favorable add-backs (depreciation and amortization until 12/31/2021), most dealerships have not

Tax 59
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Xerocon Nashville 2024

Insightful Accountant

Get ready to two step, because Xerocon is headed to Nashville!

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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.