Fri.Apr 12, 2024

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Don’t waste another minute on manual accounting

Accounting Seed

The post Don’t waste another minute on manual accounting appeared first on Accounting Seed.

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Tax Debt Relief: What You Need to Know When You Owe the IRS

MyIRSRelief

Tax debt can be a significant burden, causing stress and financial strain for many individuals. However, there are several avenues for tax relief available to those who owe the IRS. This comprehensive guide will explore the options for obtaining tax relief, aiming to provide clarity and hope to those grappling with tax debt concerns. Get professional representation today!

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Withum Soars on Vault Top Accounting Firm

Withum

Withum Soars on Vault Top Accounting Firm List Vault named Withum #17 on their annual top 25 accounting list. Known for its influential ranking, Vault recognized Withum for their outstanding training programs, benefits and compensation. Over the years, the Vault survey has consistently shown that Withum Team Members accept positions and remain at the Firm for the unbeatable culture and outstanding colleagues.

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On the move: Sax hires first CIO

Accounting Today

CohnReznick launches new digital advisory practice; Kruze Consulting and KPMG separately release CEO reports; and more news from across the profession.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Retail Sales and Wages Grew in March

CPA Practice

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, released today by the National Retail Federation. “As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said.

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Tech news: CohnReznick launches digital advisory practice

Accounting Today

Plus, DataSnipper releases new suites for cloud collaboration, data extraction; and other accounting tech updates.

More Trending

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Practical Tips To Improve Your Construction Marketing Strategy

Randal DeHart

Stepping up your marketing game as a construction business owner is always a welcome topic in my client conversations. Often, a contractor will chat with me about the best way to promote their company, primarily because there is no one but him running it. You may focus more on accounting and taxes at times, and at other times, your business may slow down, and sales become more challenging.

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IRS prepares for flood of last-minute returns

Accounting Today

The Internal Revenue Service is getting ready for an onslaught of tax returns arriving by Tax Day on Monday, though many taxpayers will be eligible for automatic extensions due to natural disasters across the country.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Lights, camera, taxation! Accountants on screen

Accounting Today

Some of our favorite CPAs of the silver and small screen.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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We Forgot to Mention Deloitte Got in Trouble For Cheating This Week, Too

Going Concern

In a renewed effort to appear to be doing something of value, the PCAOB was busy this week handing down hand slaps and fines for the crime of sharing answers on internal training. We were a bit too focused on KPMG Netherlands receiving the biggest fine the PCAOB has ever given out ($25 million) to mention that Deloitte Philippines and Deloitte Indonesia had fines of their own announced the same day.

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Economic Indicators as Predictive Benchmarks

Withum

The economy is in an enigmatic situation with stubborn inflation above the Fed’s targets, pretty much full employment, high interest rates with an inverted yield curve, stagnant home sales and many other real, perceived or anticipated problems. The truth is that no one knows what will happen. Yet, every economist, financial commentator, and journalist has an opinion.

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How to address common cloud migration fears: nine critical steps

Accounting Insight

Concerns about data security, regulatory compliance and potential disruptions during the migration process shouldn’t prevent a move to the cloud. For most accounting practices, the move to cloud-based solutions is increasingly looking inevitable. As the tax landscape becomes more digitised, advisors are acutely aware of the need to leverage technology to maintain a competitive edge and stay relevant in the market.

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New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations

Accounting Today

The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Technology Sector Challenges

Menzies

Menzies LLP - A leading chartered accountancy firm. INVESTING IN INNOVATION The UK is the fourth most innovative country in the world, according to the latest Global Innovation Index, and the Government’s Industrial Strategy is aiming to increase spending on R&D by 2.4% by 2027. For technology businesses, it is important to take advantage of Government-backed networks and programmes whilst developing a strategic plan and practising strong working capital management.

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The path to profitability: Upsell to advisory

Accounting Today

Use your expertise and knowledge to help guide your clients to create growing and more profitable businesses.

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TRANSPORT & LOGISTICS SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. ENVIRONMENT Air quality legislation has led to the introduction of Clean Air Zones and Ultra Clean Air Zones in towns and cities across the UK. For road hauliers and freight forwarders, the restrictions imposed are increasing costs and putting further pressure on operating margins and cash flow. Business owners in the sector should harness data and manage cash flow carefully.

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Tesla to Launch RoboTaxi on August 8

CPA Practice

Dana Hull Bloomberg News (TNS) Tesla Inc. plans to unveil its long-promised robotaxi later this year as the electric carmaker struggles with weak sales and competition from cheap Chinese EVs. Chief Executive Officer Elon Musk posted Friday on X, his social media site, that Tesla’s robotaxi will be unveiled on Aug. 8. Shares gained as much as 5.1% in postmarket trading in New York.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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RETAIL & WHOLESALE SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. These are tumultuous times for the UK’s retail sector. A shift in consumer spending habits and the rapid growth of online shopping platforms, alongside a cost-of-living crisis, has reduced footfall on the high street and placed increased pressure on the operating margins of many retailers. Despite this, UK retail sales have topped £500 billion recently, and businesses in the sector are striving to differentiate their offerings through pro

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Ohtani's translator charged with stealing $16M for 19,000 bets

Accounting Today

The alleged bookmaker is under criminal investigation by the IRS as well.

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PROPERTY & CONSTRUCTION SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. The property and construction sector has experienced real challenges of late. Growth has been subdued, with issues of housing supply, scarcity of affordable land, tax changes, and planning approvals remaining a problem. OVERSEAS INVESTORS Some of the biggest tax changes in recent years have impacted overseas investors of UK property bringing them into the UK tax regime for the first time.

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Shohei Ohtani’s Ex-Interpreter Charged With Bank Fraud, Stole $16 Million From Baseball Star

CPA Practice

By Tony Saavedra, San Gabriel Valley Tribune, West Covina, Calif. (TNS) Baseball superstar Shohei Ohtani’s former interpreter has been charged with stealing more than $16 million from Ohtani’s bank account to pay the translator’s illegal gambling debts, federal authorities announced Thursday, April 11. Ippei Mizuhara, who was fired by Ohtani’s current team, the Los Angeles Dodgers, is charged with a single count of bank fraud, carrying a possible federal prison sentence of up to 30 years.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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MANUFACTURING SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. TECHNOLOGY Manufacturers need to utilise the latest technology to stay relevant, innovative and competitive. Their biggest challenge is how best to use technology to achieve operational goals such as reducing costs, improving quality, productivity and safety whilst pushing product innovation. Without investment in automation and other digital technologies, they risk losing market share to competitors.

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HOSPITALITY & LEISURE SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. Hospitality & Leisure has arguably been the most severely hit sector over the last few years, and although the sector is showing signs of recovery, trading conditions remain challenging with high costs and ongoing labour shortages. Rising living costs are impacting consumer choices, as is an emphasis on sustainability, which is proving crucial for attracting consumers and employees alike.

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FINANCIAL SERVICES KEY CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. EMBRACING SUSTAINABILITY The call for sustainability is echoing louder across industries, including financial services. With increasing environmental concerns and societal expectations, businesses are under pressure to integrate sustainability into their operations and investment strategies. We assist our clients in incorporating sustainable practices, enabling them to not only meet regulatory obligations but also contribute positively to the p

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ECOMMERCE KEY CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. In the ever-evolving landscape of ecommerce, the sector continues its upward trajectory, with global online sales consistently on the rise. The COVID-19 pandemic accelerated the shift to online shopping, and this trend has persisted post-pandemic, indicating a fundamental change in consumer behaviour.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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CHARITIES & NOT FOR PROFIT KEY CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. STRATEGIC REVIEW With the increased pressure on funding and the Charity Commission’s continued focus on public benefit, charities must be clear in their objectives and provide demonstrable and objective outcomes to their stakeholders. We independently review how well an organisation reports on its performance against objectives, helping ensure the content of their Annual Report cover the necessary reporting requirements and suggesting improveme