Menzies

APRIL 12, 2023

Menzies LLP - A leading chartered accountancy firm. Many businesses are making preparations for a big cash squeeze in 2023 due to several factors. These include the new political landscape, rising inflation, a cost-of-living crisis and increasing pressure from HMRC for payments. This could result in a new high level of demand for credit management services, so how will the industry prosper and could fortune favour the bold?

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Construction chartered accountant Non-Profits Start-ups 52

Airbase

APRIL 12, 2023

Are you still getting value from the expense management or bill payment software you purchased a few years ago? Do your users actually use the software? Do they find it intuitive, pleasant to use, and efficient? Is your original business case holding up in this new era of high interest rates and a competitive labor market? If your answer is no to any or all of these questions, I have some very good news for you.

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Modern Spend Management Spend Management Software Spend Management Spend Management Solutions 130

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself. A talent shortage is affecting accounting firms across the demographic spectrum.

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Account accountant accounted CPA 136

Going Concern

APRIL 12, 2023

We knew this was coming. Bloomberg has reported that Silicon Valley Bank auditors KPMG have been sued — along with underwriters Goldman Sachs, Bank of America, and Morgan Stanley — after SVB’s spectacular collapse on March 10. KPMG audited the bank for nearly 30 years. Similar to previous suits, a complaint filed Friday in the federal court in San Francisco names Silicon Valley Bank Chief Executive Officer Greg Becker and other bank directors and officers as defendants.

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audit auditor financial statements payroll 106

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.

Account

CPA Practice

APRIL 12, 2023

Suppose you’re in the midst of divorce proceedings and trying to divvy up assets in a reasonable manner. Some are easily divided, but others can cause more complications. For instance, how does one spouse gain access to the vested benefits in the other spouse’s 401(k) plan? In this case, a qualified domestic relations order, QDRO for short, may do the trick.

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income tax Tax Start-ups Account 126

Ryan Lazanis

APRIL 12, 2023

Ready to set your accounting firm apart from the rest? In today’s episode, learn how you can stand out from other accounting firms and charge more while providing added value to your clients. Listen below. 0:34 – In this episode, I discussed how labeling and monthly packages devalue accounting services and create competition among firms. 1:15 – Many accounting firms use a 3-tiered approach with Gold, Silver, and Bronze plans, but the issue lies in labeling services as a list of

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accounting firms Account accountant accounted 98

Xero

APRIL 12, 2023

It wasn’t that long ago that you needed to take out a credit card and enter the number every time you wanted to pay for something online. Today, you can instantly complete purchases in a few clicks, like Amazon’s ‘buy now’ express button. This is an early example of embedded finance — one of the top fintech trends that is changing the way people use and move money.

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Finance accounting and finance accounting software Start-ups 98

CPA Practice

APRIL 12, 2023

By Eric L. Green, LL.M. What was your initial reaction when you first heard that the IRS was getting $80 billion dollars as part of the Inflation Reduction Act? Fear for your clients who may be in the crosshairs? Relief that maybe your job as a tax and accounting professional might get marginally easier with added agents available to respond to your calls and responses on behalf of your clients?

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Account accountant accounted forensic accounting 116

Insightful Accountant

APRIL 12, 2023

The seventh annual "401(k) Plan Benchmark Report" shows the leading industries for 401(k) plans, with accounting professionals at the top of the list.

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cpas Account accountant accounted 104

CPA Practice

APRIL 12, 2023

In this day and age, people pull up stakes more frequently than they did in the past, often staying just a year or two in one place. This may change the manner in which you claim the giant home sale exclusion. Depending on the circumstances, it may be better to bypass the exclusion on a current sale and save it for the time when it will do you more tax good.

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Sales tax return Tax income tax 114

Advertiser: Paycor

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.

AccountingDepartment

APRIL 12, 2023

Capital budgeting involves analyzing, evaluating, and prioritizing investment decisions for large-scale projects that typically require significant capital from a business. This could include new office or warehouse space, fixed assets, or real estate. Capital budgeting provides businesses with a way to determine the best use of capital to increase the overall value of a business - a strategy that is useful to businesses of all sizes.

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NetSuite Real Estate 82

CPA Practice

APRIL 12, 2023

One of your children may be struggling in this challenging economic environment. Or maybe they need money to buy a home or launch a new business venture. Possible solution: You might arrange a no-interest (or low-interest) loan to help your child out. What are the tax consequences?As long as you stay within the tax law boundaries, your family should be in the clear.

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Tax income tax 110

Insightful Accountant

APRIL 12, 2023

With small businesses at risk, survey says that digital marketing budget allocation is crucial. Fullmoon Digital’s Derek Chew explains.

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CPA Practice

APRIL 12, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA discuss the recent CPA Practice Advisor Thought Leader Symposium , which brought together leading thought leaders in the profession. Click here to visit the podcast page.

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Technology CPA 105

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.

Insightful Accountant

APRIL 12, 2023

What happened to tracking time for purposes of tracking time, not payroll? Apps seem to have forgotten the history of time tracking in QuickBooks.

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payroll quickbooks 84

CPA Practice

APRIL 12, 2023

There is tax beauty to a qualified exchange of like-kind real estate under Section 10321 of the tax code. Essentially, you give up property and receive another one in return while owing zero or little capital gains tax. This has been a favorable tax-saving technique used by real estate investors for decades. “But didn’t the Tax Cuts and Jobs Act (TCJA) eliminate like-kind exchanges after 2017?

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Real Estate Tax tax return Sales 87

Going Concern

APRIL 12, 2023

Spotted this on r/CPA today , thought it worth sharing because Prometric closures are awful and can easily derail anyone’s CPA exam plan, especially the Type A among you who have never met a punch with which you feel safe to roll. So what’s going on? If you’re scheduled to test with Prometric, may the odds be ever in your favor. Soon to be ex-proctor here.

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CPA Education Indiana Finance 60

CPA Practice

APRIL 12, 2023

Last week, the IRS released a blueprint for the 10-year, $80 billion it was allocated under the Inflation Reduction Act. The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization. “Based on what we see in the outlined plan, AICPA is encouraged that many of the spending areas line up with items AICPA has also requested, including increased customer service and the reduction of the backlog of returns,” said Peter

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Technology Tax income tax 52

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

Technology

LSLCPAs

APRIL 12, 2023

Today’s world has changed for local government organizations. Many departments are understaffed (and have been for a while!) and for that reason, minimizing the time on repetitive tasks will make space to be innovative and creative in the approach to their jobs, the marketplace, and your customers. You can start automating your department processes by.

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Government cpas 52

Shay CPA

APRIL 12, 2023

Fraudulent payroll runs are causing customers thousands of dollars and are on the rise. Unfortunately, small businesses, particularly tech companies, are often the targets of payroll theft. We know that for most of our clients, runway is tight, and an incident like this can make or break some companies. However, an incident like this can be avoided or mitigated by enabling two-step verification for your payroll software, especially for admins and managers.

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payroll CPA Account accountant 52

Menzies

APRIL 12, 2023

Menzies LLP - A leading chartered accountancy firm. Hospitality and leisure businesses deliver experiences and the quality of those experiences will depend on the talent, skills and enthusiasm of their people. Ideally those employees will represent the cultural diversity of the location, business environment and clientele they are serving. But many business, not just in H&L, are grappling with the issue of diversity and inclusion in their workforce, especially now the challenge of finding an

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Hospitality chartered accountant accounting firms Account 52

Summit CPA

APRIL 12, 2023

The Virtual CPA Success Show: Episode 78 Are you a leader within your business or do you manage a leadership team? In today’s marketplace of in-person, remote, and hybrid business, the ability to be agile within a leadership position is more important than ever. But what does it mean to be an agile leader? In this episode, Chuck Mollor, author of The Rise of the Agile Leader: Can You Make the Shift?

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CPA 52

Advertiser: Paycor

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.

SkagitCountyTaxServices

APRIL 12, 2023

It’s a bit of a dog-eat-dog world for businesses these days. (Feel that sentiment in your bones?) Inflation is pervasive. Supply chain issues still have you jumping through hoops to get products. The hunt continues for good help… proving the adage. Covid-era debts now have to be repaid. Taxation is amping up. And there’s more where that came from. Keeping up with everything certainly takes its toll.

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CPA Gaming Start-ups 52

RitaKeller

APRIL 12, 2023

“As an accounting firm, you must figure out how to provide the best value for your clients and meet your deliverables without burning out your team.” – Kyle Walters, CFP, CPWA, CIMA. You do everything you can to please your clients, even if it causes chaos inside the firm. I remember years ago when we would customize every monthly financial statement to whatever format the client demanded.

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financial statements bookkeeping accounting firms Government 45

Cherry Bekaert

APRIL 12, 2023

Exempt organizations are increasingly diversifying their revenue sources in order to combat reduced charitable giving due to economic downturns. However, they must consider modifications and exclusions that determine whether revenue is treated as unrelated business taxable income (“UBTI”). Through proper planning, exempt organizations may be able to anticipate and mitigate the impact of UBTI on their bottom line and exempt status.

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Tax Account accountant accounted 40

CPA Practice

APRIL 12, 2023

By Dawn Moser Tax forms are notoriously confusing, and with such high stakes, important to get right. We all know the IRS is keen on collecting the right amount of income tax, but determining that amount can get tricky. Especially when one considers everything that counts as income. In addition to wages earned from a job or business, income can be obtained from side hustle sales, the selling of assets, resale of goods, investments, and more.

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income tax Real Estate Non-Profits Tax 72

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Finance

CPA Practice

APRIL 12, 2023

By Clarisa Diaz, Quartz (via TNS). The releases of artificial intelligence tools like DALL-E and ChatGPT are part of a funding push for new technologies that really only gained steam in the last five years or so. From 2018 onwards, global corporate investment for AI increased rapidly, from $79.6 billion to an annual $276.1 billion by 2021, according to a new report (pdf) from Stanford University’s Institute for Human-Centered AI.

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Technology 52