Tue.Dec 13, 2022

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How and why to stop comparing yourself with other accountants

Mark Lee

Do you ever compare yourself unfavourably with your competition? ‘Imposter syndrome’ is very common, but sometimes simple logic can help us to look at things differently. US President Theodore Roosevelt is generally considered the originator of the quote that “Comparison is the thief of joy.”. This is a powerful sentiment that, when applied carefully, can be life-changing.

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Cyber Monday again breaks records

TaxConnex

How big were online sales on Monday, Nov. 28? Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. consumers spending about $11.3 billion, up 5.8% year-over-year, to score the biggest online shopping day of all time. Inflation played little part in the numbers, analysts said. In the peak hour between 8 and 9 p.m. Pacific, consumers spent $12.8 million every minute.

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Nominations Open for 2023 ProAdvisor of the Year and Top 100 ProAdvisors

Intuitive Accountant

Insightful Accountant is proud to announce the nomination opening for the 2023 ‘Top 100 ProAdvisors’, the ‘ProAdvisor Categorical Awards’ and the ‘ProAdvisor of the Year.

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Mark Eckerle and Ryan Schadel, CEO Metavesco

Withum

Explore Other Episodes. The post Mark Eckerle and Ryan Schadel, CEO Metavesco appeared first on Withum.

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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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KPMG Pulled In a Kool $34.6 Billion in Global Revenue in FY 2022

Going Concern

Well, well, well, KPMG had a 14% increase in global revenue in its 2022 fiscal year that ended Sept. 30 —the second largest year-over-year increase in revenue among the Big 4 firms behind Deloitte’s 18.1%. And of course there ’s a press release : KPMG International announces strong annual aggregated revenues for KPMG firms globally of US$35 billion for the fiscal year ending 30 September 2022 (FY22) — an increase of 14%.

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Strengthening Partnerships through Seamless Service with Sunstar Insurance Group

Anders CPA

The Situation. Sunstar Insurance Group knew they needed expert IT support. Their IT processes and training setup could no longer handle higher-level support calls, nor efficiently manage their account licenses. In short, they had outgrown their current managed service provider and uncovered gaps in their staff’s physical bandwidth that were negatively impacting employees, clients, and their standard of service.

More Trending

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Tips to keep sustainability top of mind this festive season

Xero

After a turbulent few years for the world, this end of year period is shaping up to be a time of relative normality and a great chance to unwind, rest and have the time to connect with friends and family. This time of year means different things to different people all around the world. However you like to spend it, remember to look after yourselves, be kind to the people around you, and get ready to take on 2023 with a renewed spirit.

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Mark Eckerle and Justin Melillo, CEO and Co-Founder of Mona

Withum

Explore Other Episodes. The post Mark Eckerle and Justin Melillo, CEO and Co-Founder of Mona appeared first on Withum.

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Tech Trends for Businesses to Watch Out for in 2023

GrowthForceBlog

7 min read. Depending on your leadership style as CEO in addition to your brand, industry, and company culture, your business might be an early adopter of new technologies, constantly pushing forward at the forefront of new developments, capabilities, and technologies. Key Takeaways. 12 Tech Trends to Watch for in 2023: Leaps and bounds are being made in quantum computing research centers around the world.

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The Comeback Player of the Year – LIFO

Withum

Much was made (and continues to be made) of the 2020 and 2021 Great LIFO Recapture. As dealerships struggled to fill customer orders and lots were empty, alarm bells were ringing everywhere about the phantom income related to LIFO recapture. The presented argument was that this recapture came at a time when dealerships had the actual cash profits to foot the tax bill associated with LIFO and a good amount of recapture during a time when tax rates were lower than they had been for decades.

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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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Accounting Fraud Watch: Ex-Wirecard CEO’s Trial, Cronos Gets Smoked, Bad PR for Ex-PR Firm CFO

Going Concern

The Fall of Wirecard, a Tech Scandal That Rocked Germany, Reaches a Courtroom [ New York Times ]. The fraud trial of former Wirecard CEO Markus Braun began in Munich on Dec. 8. Braun and two other former executives face charges of defrauding creditors of $3.7 billion, through false accounting from 2015 until Wirecard collapsed in June 2020. The electric payments company rocketed to fame in the 2010s, rising to become the country’s most valuable financial firm.

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R&D Tax Credit Questionnaire

inDinero Tax Tips

The R&D tax credit, formally known as the Credit for Increasing Research Activities, represents a significant opportunity for innovative businesses to reduce their federal tax liability. According to the Organization for Economic Co-operation and Development, more than 25,000 businesses across the country receive some tax relief from this program every year.

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PCAOB Chair Williams Reminds Us For the 1,000th Time She Is Sick of Auditors’ Bullsh*t

Going Concern

Another day, another scathing speech from PCAOB Chair Erica Williams. Today it’s from prepared remarks given at the AICPA & CIMA Conference on Current SEC and PCAOB Developments on Monday. First, let’s talk about why she’s mad. On December 8, the PCAOB issued a concerning staff Spotlight report about an increase in the percentage of engagements reviewed with at least one “comment form,” comment forms being where inspectors tell audit firms a potential deficiency has b

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5 Ways to Help Keep Your Firm Relevant

Intuitive Accountant

While every firm knows the most effective ways to stay in step with the day to day accounting work, here are a few tips for getting it ahead of the curve.

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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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Movember 2022

DMCL

For the 5th year in a row, DMCL put together a team to participate in Movember 2022 —a global movement to change men’s health. With the simple act of growing some facial hair and starting conversations, participants in Movember raise funds and awareness of the major health issues that men around the world face every day: mental health and suicide, prostate cancer and testicular cancer.

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On-Demand Webinar: CMMC for Contractors and Manufacturers – What to Know for 2023

Withum

By May 2023, the Department of Defense (DOD) plans to increase Cybersecurity Maturity Model Certification (CMMC) compliance as a prerequisite for contractors to qualify to bid (and ultimately receive contract funds). Manufacturers, contractors, and suppliers who are members of (and/or affiliated with) the U.S. Defense Industrial Base (DIB) must prepare now to ensure assessment readiness.

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Asking for a Helping Hand with an Investment Proposal

Patriot Software

Investors can help your business get off the ground. But, finding investors is easier said than done. One reason is that there’s a lot of competition out there. In 2021 alone, there were 5.4 million new business applications in the U.S. Cutting through the competition may seem daunting. But with the right investment proposal, you […] READ MORE.

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PayPal Alternatives: How to Choose the Best PayPal Alternative

Snyder

Living in times of seemingly inexorable advances of new technologies has its obvious benefits. Customers can choose from a variety of products and services to fully satisfy their needs and demands. Moreover, this choice for clients ignites competition among producers, merchants and providers, which makes the final product better and more affordable.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How SECURE Act 2.0 May Impact 401(k) Plans and Audits in 2023

Anders CPA

What is the status of SECURE Act 2.0 and what effect could it have on companies’ 401(k) Plans? Even if a company doesn’t currently have a 401(k) Plan for employees, proposed provisions in the bill could require employers to offer one. This legislation has been working through both houses of Congress over the last two years and is a follow-up bill to the original Secure Act (Setting Every Community Up for Retirement Enhancement) which was passed into law on December 19, 2019 and took effect on Ja

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Intuit Accountants Unveils First '2022 Taxpayer Insights & Intelligence Brief'

Intuitive Accountant

The study finds taxpayers’ appetite for tax advisory, rigorous data security and audit protection among the top expectations when working with tax professionals

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St. Louis Inno Partnership: Alternative Funding Methods Draw Startups Away from Venture Capital

Anders CPA

Startups looking for funding outside of venture capital (VC) have more options than ever. Difficulties obtaining VC investment has driven startups in various stages to explore alternative funding methods, including some new and innovative methods like using IP as collateral. Anders Advisory Principal Jeff Milam, ASA , delves into the different options available to startups in addition to describing the requirements for each in a recent article for the St.

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6 trends shaping the future of tax and accounting

Accounting Today

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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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Preventing Revenue Leakage: Everything To Know & How Salesforce Can Help

Accounting Seed

Revenue leakage is a buzzword that’s mentioned frequently in the SaaS world. Imagine there is a slow leak in your home’s plumbing system. When it first starts, it doesn’t usually cause damage visible to the naked eye. In fact, you may not even know it exists. Then one day, the ceiling collapses and your living room is full of water and debris. Now picture the same sort of thing is happening in your business, except it’s your hard-earned revenue that’s slowly leaking out of the company.

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IRS readies IT and service-level improvements

Accounting Today

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Old Master Forgeries

Withum

I just finished reading Portrait of an Unknown Woman by Daniel Silva. The novel features Israeli spy and art restorer Gabriel Allon, finally in retirement, who gets involved with the sale of old master forgeries. The plot is typically unwieldy and confused: Allon uses almost superpowers and his endless network of connections to find the forger and the distributor to derail the operation.

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More clients demand a tech-savvy tax pro

Accounting Today

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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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On-Demand Webinar: 2022 Healthcare Symposium

Withum

Put your healthcare organization in a position of strength. View On-Demand Webinar. Watch Withum’s 4th Annual Healthcare Symposium where industry experts share the latest insights on the healthcare landscape. Topics Covered Include: The health system of the future. The changing healthcare landscape. Leadership and financial considerations in the industry.

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FASB stresses outreach to investors as it fends off overhaul

Accounting Today

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CFO responsibilities in investor relations will grow in 2023

Accounting Today

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CRI expands to South Carolina

Accounting Today

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.