Fri.Dec 16, 2022

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The Ultimate Guide to Writing an Investor Update: Templates for E-Commerce and SaaS Businesses

Snyder

As your business grows, so do the challenges that add up faster than you expect – it becomes harder to manage communications and maintain transparency across all stakeholders. Things change rather quickly and both you and your investors need regular updates on recent highlights and lowlights in order to keep up with the developments and tailor strategies to fit the needs and goals.

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It’s Time for Tax Law Updates – Individual | Canopy

Canopy Accounting

There’s an old saying that goes: “You can never step in the same river twice.” This is certainly true for tax seasons. Every tax season is a brand-new experience, simply because tax law is constantly, endlessly, ceaselessly changing.

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Martinez & Associates Joins Its Practice With Withum

Withum

On December 12, 2022, Martinez & Associates, a public accounting firm headquartered in Winter Springs, FL, announced it will join its practice with WithumSmith+Brown, PC (Withum), a nationally recognized CPA and advisory firm with 20 offices and annual revenue of $450M, ranking in the top 25 firms in the country. Martinez & Associates’ team members will join the Withum roster in the Orlando office on January 1, 2023.

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Mazars and Armanino Just Abruptly Stopped Working For Crypto Clients

Going Concern

Two things to share today. First, Mazars has “paused” crypto work effective immediately. Reports WSJ : Cryptocurrency-trading giant Binance said the accounting firm it uses to reassure customers that their money is safe has paused all of its work for crypto clients, and said the outflows from its platform had swelled to $6 billion. Mazars, a midsize accounting firm that worked for former President Donald Trump’s company, published a “proof-of-reserves” report for Binance last week.

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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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How To Prevent Your Construction Company's Yearly Cycle Of Chaos

Randal DeHart

The year is almost over. Fourth-quarter and year-end deadlines are approaching. Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. The end of the year tends to be chaotic for construction company owners, but it's an excellent time to get some extra housekeeping done for your business.

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Big Clients B h to Big 4 Firms About Audit Fees, Get Pissy About Partner Pay

Going Concern

Across the pond, audit fees are up (22% in four years) and apparently the companies paying these fees are unhappy about it. Financial Times has seen a letter written from CFOs at FTSE 100 companies in the UK to their Big 4 auditors that says “[it is] difficult for us to sit quietly as Big Four audit firms are announcing very significant pay rises,” among other gripes.

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Multi-State Tax Issues — What You Don’t Know Can Hurt You!

LSLCPAs

Misconceptions, Facts, Definitions, and TIPS We’re learning that some companies’ owners and managers are unaware of their tax liabilities in states other than where they’re physically located. Plus, a fair number of organizations think only about federal and state income tax for their satellite offices, which is incorrect and short-sighted. Misconceptions One of the misconceptions.

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401(k) Audit CPA Success Show Podcast: Key Tips to Keep Your First 401(k) Plan Audit on Track

Anders CPA

Reaching your first 401(k) audit as an organization is a milestone for any business, but one not everyone is fully prepared for. Director + 401(k) Audit Kim Moore and Manager + 401(k) Audit Karen Hill discussed a variety of strategies for 401(k) plan sponsors or administrators to avoid delays, create a more efficient process and set the path for future success down the road.

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Small Business Accountants: Should You Talk to Clients About a Retirement Savings Plan?

Patriot Software

According to a May 2022 report from the Center for Retirement Research at Boston College, only 48% of small businesses with fewer than 50 employees offer a retirement plan. Not only does this disparity contribute to the retirement savings gap, but retirement benefits are increasingly seen as desirable by employees, meaning small businesses are missing […] READ MORE.

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IRS distributed over $642B in 2022, despite backlogs and refund delays

Accounting Today

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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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Friday Footnotes: EY Money Troubles; Fast Food > Public Accounting; From Athlete to Associate; | 12.16.22

Going Concern

Big 4. EY Looks at Backup Plans on Split Amid Higher Costs, Slower Growth [ Wall Street Journal ]. Ernst & Young’s leaders are looking at backup plans for the firm’s split to address rising funding costs and a potential slowdown in growth that could imperil the rich payouts promised to partners, according to people familiar with the matter. Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar w

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Accounting firm that vetted Binance's reserves halts all crypto work

Accounting Today

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Synder Achieves SOC 2 Type 2 Compliance

Snyder

At Synder, we’ve always considered customers’ data one of our most valuable assets. Since the company’s beginning, we’ve been focusing on implementing the best data security practices to ensure that your data is safe with us. That’s why we’re thrilled to announce that Synder is now SOC 2 Type 2 compliant. The journey to obtain SOC 2 Type 2 compliance has been long but gratifying, and today we’d like to take some time to explain what it is and what it means to Synder and our customers.

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What can the ballet teach you about the client experience?

Accounting Today

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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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ESG legislation heats up: What it means for tax professionals

ThomsonReuters

As businesses navigate the relatively new landscape of environmental, social, and governance (ESG) issues, the focus on ESG legislation in the United States continues to intensify. To date, the ESG-related strategies among companies have primarily been a voluntary effort fueled by increased pressure from investors and other stakeholders. That, however, is poised for change.

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Tech News: FinancialForce rolls out latest release

Accounting Today

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COSO names Unisys VP as new chair

Accounting Today

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On the move: EisnerAmper volunteers for Rise Against Hunger

Accounting Today

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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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Chances for year-end tax package in Congress are slipping away

Accounting Today

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