Wed.May 18, 2022

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7 Reasons Why ‘Buy Now, Pay Later’ Should be a Staple in Your Ecommerce Strategy

Snyder

You may be familiar with Buy Now, Pay Later as a concept. Perhaps you saw it the last time you were in a mattress store, or when you were browsing your favorite online clothing store from where you and your colleagues were working in silos. What exactly is Buy Now Pay Later? Simply put, it’s an interest-free payment you can make over several installments. .

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Start 2022 Off Right: Clean Up QuickBooks

VetCPA

Is Your QuickBooks company file ready for 2022? Three things you can do to put things in order. Don’t forget about QuickBooks while you’re catching up on 2021 and looking ahead to 2022. You probably don’t want to put one more item on your to-do list, but any steps you take now to ready the software for the new year will pay off. Once you start entering transactions and placing orders and welcoming new customers, it will help tremendously to have a clean slate.

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Tax season wasn’t as bad as some expected: Survey

Accounting Today

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Stock Market’s Vanishing Wealth  

Withum

I’ve spoken to quite a few people in the last month that told me they are getting “killed” in the stock market. I listen but do not offer much commiseration. The economy and stock market run in cycles. It is not static and has never been static. It is constantly in flux. Over the last ten years, even including the tanking in March 2020, we’ve had a huge run-up in the stock market.

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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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Tips to avoid an audit on a like-kind 1031 exchange

Accounting Today

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What Is Compensation? | Employer Guide

Patriot Software

If you have employees, you need to compensate them. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation. Why? Knowing what is compensation is a key part of putting […] READ MORE.

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Job Rotation Program: Pass or Play?

Patriot Software

Some employees can be hard to hold onto. Why? Employees, particularly millennials, want more opportunities to learn, grow, and advance their careers. In fact, job development is so important that 87% of millennials want it. The good news is that your employees may be able to get the development they want without changing companies. Cue: […] READ MORE.

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ISSB aims for global baseline of sustainability disclosures

Accounting Today

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5 Ways to Prioritize Your Mental Health | Canopy

Canopy Accounting

Mental health determines how we handle stress, make choices and relate to others. It also impacts how we act, feel and think. The Center for Disease Control shockingly states that 1 in 5 Americans will experience a mental illness in a given year. One of the leading causes of disabilities is depression according to the National Alliance of Mental Illness.

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Senators seek FTC probe of ID.me

Accounting Today

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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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Top 20 Common Advertising Expenses for Small Business Owners

MazumaBusinessAccounting

You’re probably spending a fair amount of money on advertising your small business to potential clients and customers. Did you know most of your marketing and advertising can be written off as a tax deduction to lower your tax bill? Whether you’ve got a whole marketing team running the show or you just purchased your first ad, most money spent on promoting your small business is tax deductible.

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COSO chair stepping down

Accounting Today

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How to Avoid the Dreaded ‘Black Hole’

Intuitive Accountant

SkyStem founder and CEO Shagun Malhotra dishes on what every accounting professional needs to know about month-end close in 2022.

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Abbott faces Senate probe tying formula shortage to tax cut, buybacks

Accounting Today

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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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Payroll Benefits Sponsors 401(k) at Scaling New Heights 2022 (Part 4)

Intuitive Accountant

Murph continues his look at some of the Payroll Benefits sponsors appearing at 'Scaling New Heights 2022.

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KPMG fined £14M over Carillion audit scandal

Accounting Today

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Ask the Expert… Do I need to file or pay my taxes if my business was hit by disaster?

DMCL

In the event of a disaster, both natural or man-made, issues with your business’s taxes are likely the last thing on your mind; however, there will eventually come a time when you’ll need to figure out if an emergency impacts your ability to file and/or pay your taxes on time, and what happens if you cannot do either. The CRA offers relief from penalty or interest in several types of situations that prevent you from meeting tax obligations, which include extraordinary circumstances such as natur

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Understanding Stockholders’ Equity: Frequently Asked Questions

Withum

1. What is stockholders’ equity and what does it represent in financial statements? . Equity represents all historical investment capital. It’s reported net of related fees after accounting for any distributions and dividend payouts to shareholders. Equity is often associated with the company’s overall net worth and represents the net balance of assets less liabilities. .

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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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It’s time to reconsider our attitudes toward non-doms

Menzies

Menzies LLP - A leading chartered accountancy firm. The media storm surrounding the news that Akshata Murthy is treated as non-domiciled for UK tax purposes highlights the need to challenge common misconceptions and increase awareness of the beneficial impact that individuals with this status have on the UK economy. What is a non-dom? A non-dom, short for non-domicile, is someone who lives in the UK but is not legally domiciled here.

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BDO USA Is Finally Trying to Do Something to Improve Its Horrible Audit Quality

Going Concern

While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. Consecutive years of horrible inspection reports ( 2013 and 2014 ) is what drove KPMG executives to hatch a scheme to steal confidential audit inspection information from PCAOB insiders in an effort to improve the firm’s results.

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Lightyear Expands Product Suite With The Launch Of Limit Orders, Auto Conversions And Exportable Statements

Accounting Insight

Lightyear is a new European investment app backed by Mosaic Ventures, Taavet+Sten, Metaplanet & Eileen Burbidge. The company has now launched highly requested new product features: limit orders, exportable statements and auto conversations. In addition to widening its product offering, Lightyear has appointed the former President of Robinhood UK Wander Rutgers alongside ex-Wise CMO Joe Cross as business advisors.

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Be Creative – Do Things!

RitaKeller

“Creativity is seeing what others see and thinking what no one else ever thought.” – Albert Einstein. I have observed that many CPAs wait for other CPA firms to go first and then they will follow that new idea, software, process, or procedure. So many partners, over many years, have asked me, “What are other firms doing?” I urge you to enlist your entire team in being more creative.

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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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Yellen’s grand global corporate tax plan risks Congress flop

Accounting Today

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Padgett & Padgett, PLLC CPA’s Guide to the Profit and Loss Statement

SkagitCountyTaxServices

As a small business owner, you’re often preoccupied with all the things that go into running your Skagit County business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last one, shall we? Good. Profits are the lifeblood. And the P&L is probably the most crucial financial statement in growing your Skagit County business.