Wed.Jul 06, 2022

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AICPA previews revamped CPA exam

Accounting Today

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How to Build a Culture of Precision

Intuitive Accountant

Turning data into actionable insights requires a technological solution that can provide a single source of truth. Jedox CEO Florian Winterstein explains.

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Some Changes Are Not Always Better

Withum

I read once that the shark hasn’t evolved in tens of millions of years. At some point, it reached perfection in its swimming and eating skills, so it had no need to change. On July 4 th, we had for dinner hot dogs with sauerkraut, French fried potatoes, Heinz Vegetarian Baked Beans and the usual condiments. That morning I had a bowl of Rice Krispies with a cut-up peach.

Tax 111
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Unlocking real estate wealth for investors nearing retirement

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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How to Simplify Your Accounting in a Business Acquisition

Anders CPA

Acquiring a company can come with many twists and turns to navigate. One of those being the accounting involved in combining businesses. To help simplify purchase accounting for business combinations involving private companies, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-18 back in December 2014.

Account 105
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Sick Balance on Paycheck Requirements by State 2022

Patriot Software

No matter when you cut your checks for your employees, paychecks usually come with a pay stub. A pay stub, or check stub, explains details about your employee’s pay. Depending on where your business is located, you may also have to share information about the employee’s paid sick leave. This article will explain sick balance […] READ MORE.

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The top VARs for 2022

Accounting Today

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IRS Reminds Employers of Penalty Relief Related to Claims for Employee Retention Credit

Dent Moses

A couple of weeks ago we covered the IRS backlog of amended payroll tax returns (941X) for employee retention credits. Now, the Treasury and IRS have responded to requests from taxpayers for relief from penalties with IR-2022-89. Why? Because most taxpayers were apprehensive of reporting the ERC refunds as income (reduction of wages) for 2020 or 2021 when they had no idea when or if they would receive the refunds.

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Three top tech tips for US landlords in a challenging real estate market

Xero

This blog post is written by Logan Ransley, Co-Founder of Landlord Studio – rental accounting and property management software to over 4000+ self-managing landlords (managing 38,000+ properties) to help them stay organized and prepared for the tax season. . Real estate investing is one of the best ways to build long-term wealth. However, the COVID-19 pandemic and subsequent recovery period have added new stresses to the market.

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Reach – A July 2022 Analytics/Reporting App

Intuitive Accountant

We are rolling out another reporting app in this month's series by examining Reach Reporting, which works with both QBO and QuickBooks Desktop, as well as several other data sources.

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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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Modernizing employer policies for employee wellness, retention and organizational success

Accounting Today

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How to Evaluate the Health of Your Firm

Accounting Web

Practice Excellence How to Evaluate the Health of Your Firm.

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Audit partners skeptical on economy, inflation risks

Accounting Today

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11 Best Receipt Apps For Businesses

xendoo

Receipts play a surprisingly important role in running a business. Whether you track receipts to reimburse employee expenses or to prepare for a possible audit, you should keep track of them with one of these best receipt apps. . What is a receipt scanner app? . A receipt scanner app takes a photo of your receipt and creates a digital copy. This makes it easy to retrieve it from a digital filing system. .

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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Redefining ‘creative accounting’

Accounting Today

Account 75
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Weaver Has Snazzy New Digs in Houston

Going Concern

The Houston Chronicle has published some shots of Weaver’s new office in Houston , 66,000 square feet at 4400 Post Oak Parkway. Honestly? It’s not terrible. Imagine all the culture that will happen on that uncomfortable seating area with no back. Look at all those happy people collaborating! ngl that kitchen is pretty sweet. CEO and Managing Partner John Mackel told the Chronicle it was good timing that their lease came up in the middle of the pandemic. “We had a little bit mor

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In the blogs: While we’re on the subject…

Accounting Today

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Promotion Watch ’22: EY Admits 1,033 New Partners Across the Globe

Going Concern

Move over, EY new partner class of 2021. There’s a much larger class of brand-new rainmakers at the firm this year: The EY organization announces that 1,033 people have been promoted to partner across the globe, the largest ever cohort of new partners. Women and the Assurance service line represent 32% and 33% of this year’s new partner class respectively.

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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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APPS Directory Spotlight — Rewind

Intuitive Accountant

See how your customers can back up, restore and copy the critical data they need to drive their businesses forward.

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Supply Chain Disruption and Risks Around Remote Work Among PCAOB Inspection Focus For 2022

Going Concern

In a spotlight released by the PCAOB just a few days ago [ PDF ] the auditors of auditors laid out inspection priorities for 2022, among them increased risk of missing material misstatements (say that 5x fast) due to staff turnover and remote audit work. Oh, and supply chain disruption, the shitty economy, and Rona are also on the radar. Increased initial public offerings (IPOs) and merger and acquisition (M&A) activities, including transactions with special purpose acquisition companies (SP

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How marketing agencies can gain confidence and retain clients using one source of truth for financial metrics

Snyder

When it comes to tracking and analyzing clients’ numbers, most marketing agencies either have to pull data from several sources, or they have to rely on the client to send over their reports, or gain access to so many different tools. A logistical nightmare. The second is not ideal because by the time they send the data it’s already outdated. This of course leaves the agency at the disadvantage of never knowing their clients’ true numbers and therefore not being able to advise them on marketing

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Tim Gearty Makes a List, Talks About 2024 CPA Exam Changes

Going Concern

Tim Gearty has taken the #3 spot on the NJBIZ 2022 Accounting Power 50. From NJBIZ: Not many CPAs get stopped by fans for selfies, but Timothy Gearty is one of them. As editor-in-chief and national lead instructor for Becker, a global CPA exam-prep leader, Gearty — who’s also the managing partner of Florham Park’s Gearty & McIntyre — has an important role in preparing a significant number of the tens of thousands of people who sit for the CPA examination.

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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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Getting Invoicing Right

Intuitive Accountant

Accurate and timely invoicing is critical for the long-term success and growth of your business. DEAR Systems takes a look at the 5 common mistakes businesses make and how you can avoid them.

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July 2022 Summit CPA Employee Spotlight: Brittany Sheldon

Summit CPA

A s a distributed company , not only do we serve our clients remotely, but our team members work remotely as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services and 401(k) audits while working remotely with (and for) our customers, and we couldn't do any of it without our amazing team.

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Submitting your Plastic Packing Tax return – HMRC update

Menzies

Menzies LLP - A leading chartered accountancy firm. The Plastic Packing Tax is now operational. On 1 July 2022, HMRC updated their guidance on how to submit your Plastic Packaging Tax return. When to submit your return. Once you have met the 10-tone threshold you will need to register your liability for the Plastic Packaging Tax. Only once you have registered will you be able to submit a return, which will need to be submitted to HMRC 4 times a year.

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Calculating Income in Divorce and Child Support Cases

FraudFiles

When attempting to calculate the income of a party in a divorce or child support case, it is important to remember that income is not determined simply on the basis of historical earnings. It is necessary to also consider the future prospects for income, and how the income scenario may change following the divorce. For example, one of the spouses may encounter a job change with a related change in earnings.

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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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How to Do Bookkeeping For Shopify

Snyder

As you set up your Shopify store, there are several aspects that you need to consider. First, you have to find a way to make your online business successful, and then you must understand how to properly do bookkeeping for Shopify. Learning how to calculate your business expenses and revenue will help you evaluate whether you are making profits or losses.

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Important Survey

RitaKeller

“Winning is something, but participation is everything.” ? Debasish Mridha. I wanted to be sure you are aware that the 2022 ConvergenceCoaching®, LLC Anytime, Anywhere Work (ATAWW) Survey is currently open for participation. The survey seeks input on remote and flexible work practices in accounting and consulting firms across the country. ConvergenceCoaching is offering participants the summary results along with best practices and strategies to implement these programs and maintain a competitiv

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What is a Checking Account?

Snyder

It’s not an overstatement to say that banking plays a considerable role in our financial life today. Looking 100 years or even 50 years back, the picture would be quite the opposite. Of course, banking existed during those times, but had a much different level of accessibility. Not to dive too deep into banking history, it would suffice to say that banking appeared with the first currency minted.

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Challenges lie ahead for internal control within organisations

Accounting Insight

The purpose and effectiveness of internal control are being tested like never before by myriad external pressures, reveals a new report from ACCA (the Association of Chartered Certified Accountants), the Internal Audit Foundation, and IMA ® (Institute of Management Accountants). In Internal control and the transformation of entities , the three professional bodies joined forces to poll some 2,000 of their global members to better understand what lies ahead for internal control, a core part of bu

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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.