Mon.Jul 25, 2022

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My Cotton Mill Work Ethic

Intuitive Accountant

Insightful Accountant Top 100 ProAdvisor Susan Pruskin explains how some valuable lessons from her upbringing are still helping her succeed today.

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Monday Morning Accounting News Brief: EY Sucks at Auditing; Accounting Headaches; KPMG Partner Banned | 7.25.22

Going Concern

Some headlines to get you started on this fine Monday: KPMG partner banned from accounting after misleading regulator over Carillion. KPMG fined £14.4 million after the firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis. The spread of ESG labels into the $55 trillion market for short-term debt is creating new accounting challenges for those keeping track of how much good green fi

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Trending Sources

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How we’re improving employee and off payroll workers profiles in UK Payroll

Xero

If you’ve set up an off-payroll worker in UK Payroll, you might have noticed that it looks different from employee setup. To provide you with the best possible experience and deliver a more consistent look and feel across our platform, we’re rolling out an updated design of employee profiles in a few weeks’ tim e. . This is all part of our work to upgrade the technology that underpins our platform , so we can build new features faster than ever before.

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Tesla’s Bitcoin dump leaves accounting mystery in its wake

Accounting Today

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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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A New Zealand Xero Awards winner shares why entering is definitely worth it

Xero

It’s time for the 2022 New Zealand Xero Awards, celebrating the accountants, bookkeepers, app partners and integrators who help Kiwi small businesses flourish. If you’ve been thinking of entering , you’ll love reading what Michael Parker, director of Crux Advice & Accounting has to say. Last year the Crux team won the Small Accounting Partner of the Year Award and they were also a finalist for the People’s Choice Award.

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Inside CAS 2.0

Accounting Today

More Trending

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SEC insider trading case against Coinbase holds larger implications

Accounting Today

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Orange County Business Journal Names Withum a Best Place to Work

Withum

Orange County Business Journal named Withum as a 2022 Best Place to Work in Orange County. Ranking at #19 on the list of large companies, Withum’s Irvine office was praised for its unique office culture and fun team member perks. The list was designed to identify, recognize and honor the best places of employment in Orange County, California, benefiting the county’s economy, workforce and businesses.

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Companies unsure of leasing costs and accounting transition

Accounting Today

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Withum Earns 100 on Disability Equality Index® (DEI)

Withum

Withum is proud to share that Disability:IN, a global organization driving disability inclusion and equality in business, in partnership with the American Association of People with Disabilities (AAPD), awarded Withum a score of 100 on their annual index. The Disability Equality Index® (DEI) is the world’s most comprehensive benchmarking tool for the Fortune 1000 and Am Law 2001 to measure disability workplace inclusion.

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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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Larry Summers says raise taxes ‘right now’ to help battle inflation

Accounting Today

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Qvinci – A July 2022 Analytics/Report App Synopsis

Intuitive Accountant

When it comes to analytics, reporting, consolidation, data access and supporting data-centric professionals, Qvinci just keeps getting better. So, why would you not expect to see them in our July 2022 series?

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Competing interests in financial planning

Accounting Today

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Can a Tip Reporting Sheet Simplify Your Life? Yes! Here’s How.

Patriot Software

Do some or all of your staff make a good deal of their income off of tips? Wait staff, bartenders, and taxi drivers depend on tip income. Just like wages, tips have a few tax-related requirements that come with them. If your employees make more than $30 per month in tips, you may wonder how […] READ MORE.

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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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KPMG U.K. sanctioned over Carillion and Regenersis audits

Accounting Today

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4 Invoicing Tips for Small Businesses

Intuitive Accountant

If invoicing is the basic building block of revenue, why can it be so challenging? Here are 4 tips for streamlining your process and helping make it the foundation of your business growth.

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Art of Accounting: The 1/20th marketing rule

Accounting Today

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Paren Knadjian to Guest Speak at Ask the Experts

KROST

Our M&A and Capital Markets Principal, Paren Knadjian, will be a guest speaker at the upcoming Ask the Experts event hosted by SBA Orange County / Inland Empire District Office. The event will take place online on Tuesday, August 2, 2022, from 2pm-3pm PDT. There will be a live Q&A session for all attendees to Read the full article. The post Paren Knadjian to Guest Speak at Ask the Experts appeared first on KROST.

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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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Key considerations for employee benefit plan audits

Accounting Today

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COVID-19 Grants and Credits Still Available for NY Businesses

Withum

Although most federal funds related to the COVID-19 pandemic have been exhausted, small businesses in New York are still eligible to receive sizeable grants and credits created by Governor Hochul’s Executive Budget. Specifically, two NY small business programs currently offer small business owners upwards of $75,000 in grants and credits. NY COVID-19 Capital Costs Tax Credit Program.

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Taking Back Purchase Control as Inflation Soars

Accounting Insight

Already exceeding 9% in the UK, inflation is set to hit an eye-watering 11% before the end of the year, according to the Bank of England. That’s due to the huge hike in fuel, energy, food and raw material costs, in the wake of the pandemic, Brexit and the war in Ukraine. Producer output prices , which measure the cost of goods leaving factories, were up nearly 16% over the year to May – the steepest rise in 45 years, ONS notes.

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Investing in a Massachusetts Life Sciences Company and Want To Save Taxes?

Withum

Investors funding early-stage life sciences companies in Massachusetts may be eligible for generous tax incentives under M.G.L. c. 62, § 6(t). Learn about the Angel Investor Tax Credit and who qualifies, potential tax savings, and how to monetize those savings. Which Investors Qualify? Investors must be “accredited” investors. Accredited investors are defined as such by the U.S.

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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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How Synder helped American Hospital Supply categorize and sync transactions with Synder Sync and Smart Rules

Snyder

American Hospital Supply. American Hospital Supply sells equipment and products that are related to medical, surgical, point-of-care, laboratories, orthopedics, and veterinarian products. They have served the Caribbean region for over 50 years, and are viewed as an expert source for all things medical. Selling supplies on multiple platforms, they had a challenging time entering their sales to their books with accurate inventory, SKUs, and tracking fees.

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6 advantages of outsourcing your Ecommerce accounting

Basis 365

Many eCommerce business owners are afraid to mention the term "outsourcing" because of how often they hear it. It is not uncommon for outsourcing work to be stigmatized. As many people fear they will need to downsize or lose control of the company, they have built. However, you can enjoy many advantages by outsourcing your eCommerce accounting. Reason #1 - It saves you time Everyone could use a little more of our time.

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E-Commerce Analytics Tools

Snyder

Today’s world is driven by data. Businesses that are able to effectively collect and analyze data have a significant advantage over their competitors, and the e-commerce industry is no different. In order to be successful, e-commerce businesses need to use the best business analytics tools available. There are many different business analytics tools on the market, and it can be overwhelming to try to figure out which ones are the best for your business.

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Withum’s Pete McGuigan Named New Jersey’s Big Brother of the Year

Withum

Withum is delighted to share that Pete McGuigan , Partner in the Red Bank office, has been honored as Big Brother of the Year by Big Brothers Big Sisters State Association of New Jersey. Pete was matched with his Little Brother, Daniel, over 12 years ago. Since Daniel was six, he and Pete would adventure locally together, enjoying fun, active activities like playing sports and sledding in the wintertime.

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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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Integration with E-commerce Platforms: a Short Feature Overview

Snyder

Why is integration with e-commerce platforms so important? Accounting software is a major part of the operations for many businesses. It helps track expenses, manage books, and maintain financial records with ease. These technologies make it easier for businesses to manage their finances. With the integration with the right accounting software, you can reduce the accounting workload and save time by automating many tasks.

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Tax-efficient finance for your company

Inform Accounting

HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured correctly, and if the company qualifies under the Enterprise Investment Scheme (EIS) or the Seed EIS rules, the investors can potentially take advantage of a number of generous tax breaks. Under the EIS, the company can raise up to £5 million each year, with a maximum of £12 million raised in the company’s lifetime.

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Foster a Culture of Integrity in Your Company

FraudFiles

The average business loses approximately 5% of revenues to employee fraud. The employees are running off with money, fixed assets, and business opportunities. They are taking kickbacks from suppliers who overcharge for their products and services, and pushing contracts toward friends and relatives. Executives are manipulating financial statements to increase stock prices and impress lending institutions.

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Letter to the Editor: Small Firms Are Suffering in This Market, Does Anyone Care?

Going Concern

We received the following from a small firm owner who is suffering under the weight of talent shortages, massive workloads, and hoards of would-be clients shopping around because their accountant (rightly) raised their fees. What’s a small firm to do? I have a small firm in [redacted]. I have been reading constantly about how the large firms are merging, paying more for top talent, taking people away from other firms, etc. due to the natures of the current accounting marketplace.

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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.