Mon.Mar 27, 2023

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How Client Conversations Can Turn Tax Season Into Opportunity Season

CPA Practice

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. Now, with accounting firms facing talent shortages and growing workloads, the effort required for this tax season may seem positively Herculean.

Tax 121
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What Founders Need to Know About Dilution

BurklandAssociates

Understanding how new capital will dilute existing shareholders before a round happens is a core responsibility of any startup CEO. The post What Founders Need to Know About Dilution appeared first on Burkland.

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Four Reasons to Optimize AP Operations Now

CPA Practice

By Elizabeth (Elle) Kowal. The events of the last two years have upended traditional ways of doing business – affecting everything from the workplace to supply chains to vendor payments. While many of these disruptions will continue to present challenges for the foreseeable future, forward-thinking finance leaders can embrace technology and services that will not only help them overcome these issues, but also achieve more efficient and profitable operations.

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Monday Morning Accounting News Brief: Big 4 Consulting Salaries; Accounting For Dummies; PwC Boomerangs | 3.27.23

Going Concern

They just had to use this picture, didn’t they? South Carolina’s comptroller quits after a $3.5 billion accounting error Alright, here are some other headlines for ya. Deloitte, Accenture, McKinsey: Who Are The Top Consulting Firms For B-School Students? The world’s largest accounting and professional services firms in terms of revenue and workforce, these prestigious firms are renowned for offering high salaries with a generous bonus structure.

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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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What are my company's indirect costs?

Basis 365

For a business to function, indirect costs are essential. These indirect costs include office technology, rent equipment, marketing campaigns, supplies, and accounting services. Knowing the actual cost of your indirect and direct costs will allow you to price your products or services correctly for profit. Indirect costs can both be variable or fixed.

Tax 97
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Busy Season Problems: You Deducted What?, Dumbest Conference Idea Ever, Clients Taking Ls

Going Concern

It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of people out there for whom doodling is way, way down the list of things they have time to do (sorry).

CPA 105

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Mandatory Benefits: What Benefits Do Employers Have to Offer?

Patriot Software

Employee benefits beef up your compensation package. They can make or break your ability to hire and retain employees. For the most part, you can choose what to offer employees. But, there are several mandatory benefits you can’t afford to ignore. You not only need to stay competitive but also compliant.

payroll 94
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Automatic Enrollment 401(k)s Become Automatic

CPA Practice

If an employer includes an automatic enrollment feature in its 401(k) plan, it may encourage greater participation among the rank-and-file, especially younger workers, while helping to meet nondiscrimination requirements. But some employers may not have a choice soon. Under the new law enacted at the end of 2022—dubbed SECURE Act 2.0—automatic enrollment may be mandated.

Maine 59
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Revolutionize Your Content Management Strategy with Content AI and Microsoft Syntex

Withum

Content is at the heart of every organization and within it is valuable information and crucial knowledge that empowers employees to make better decisions, improve processes and enhance customer experience. However, managing that content can be challenging, especially when dealing with complex documents across different platforms. That’s where content AI management comes in, specifically Microsoft Syntex.

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GST on Work Contracts

VJM Global

A works contract means a contract that involves both supplies of goods and supply of services such as a construction contract wherein the material is supplied along with service. Other examples of works contract service on completion, erection, installation, fitting, renovation, etc. In the pre- GST regime, works contracts have always been a matter of litigation since service tax was payable on service components to the Central Government and VAT was payable to the material government to the sta

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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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Reducing Alabama Property Taxes on a Second Home

Dent Moses

Homestead Exemption In Alabama, a homestead exemption is available for a single-family owner-occupied dwelling and the land thereto not exceeding 160 acres. Only one homestead is granted regardless of how much property is owned within the state. Second Home While a second home cannot qualify for a homestead exemption, there is an opportunity for a reduced assessment percentage if the property is correctly classified.

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Accounting Automation Guide

Accounting Seed

Your guide to accounting automation Accounting automation is on the rise. Learn more about the benefits and how it sets your company up for success. Accounting automation today Automated workflows and systems have been top-of-mind since the rise of cloud computing. Fast forward to now, when many businesses are operating remotely, and automation is more critical than ever before, especially for efficient, effective financial management.

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How To Add PayPal To Wix: Connect PayPal And Wix To Streamline Your Online Payments

Snyder

In today’s digital age, online payments have become an essential aspect of running a successful business. Whether you’re an e-commerce store owner or a freelancer selling your services online, providing your customers with a seamless and secure payment experience is crucial. One way to achieve this is by integrating PayPal into your website, which is one of the most widely used and trusted online payment processors.

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Impacts of Generative AI on Your Business

Withum

First of all, I did not use ChatGPT for this post. I probably should have, but this time I went solo (okay, our folks probably used Grammarly or some other tool to edit it). Secondly, there are A LOT of articles about ChatGPT and other AI tools flooding your social media feeds lately. I wanted to take a step back and reflect on what I think the key takeaways are with respect to all the hype.

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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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Patriot’s Accounting Software Ranked as Top 5 for Small Businesses 

Patriot Software

Canton, OH Patriot Software, an accounting and payroll software provider, has been recognized by Capterra as one of five top-rated accounting software for small businesses. Patriot’s accounting software boasts a user rating of 4.7 out of five stars on Capterra.

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Finding Proof of Financial Fraud By Your Spouse

FraudFiles

Divorcing is difficult. In addition to feeling loss and sadness, the process of divorce can be burdensome and overwhelming. Things can go to another level when your spouse is hiding money.

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Transfer Pricing and Foreign Legal Restrictions: 3M Co. v Commissioner Ruling

Cherry Bekaert

Foreign legal restrictions have often been a source of confusion for multinational taxpayers, particularly in countries such as Brazil, whose transfer pricing regulations seemingly depart from the arm’s-length principal by capping royalties and setting ranges for tangible transfers. This has led to disagreements between taxpayers and the Internal Revenue Service (IRS) about the impact of foreign legal restrictions on the arm’s-length amount to be recognized in controlled transactions.

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5 Tips for Optimizing Your Inventory Turnover Rate

Snyder

To figure out how your business has been performing, it’s crucial to keep an eye on your stock levels. This practice, known simply as inventory management , helps business owners and managers make important decisions timely with optimal results. But there are certain performance metrics you need to be aware of if you want to stay informed of your company’s health, growth, and profitability.

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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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President Biden’s Anti-Fraud Proposal Expanded: What to Know

Withum

In March of 2022, after President Biden’s State of the Union Address, we summarized increased efforts specifically related to the Paycheck Protection Program (“PPP”) and other pandemic relief fraud. Now a year later, President Biden has doubled down on the government’s efforts to fight PPP Fraud. President Biden’s Proposal to Greatly Expand Resources President Biden has announced a Pandemic Anti-Fraud proposal which increases the funding by $600 million and increases the statute of limitations a