Mon.Apr 17, 2023

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5 Things You Can Do Today to Make Payroll Year End Easier

Accounting Insight

Payroll Year End is nearly upon us. This year, the deadline for submitting your Full Payment Submission (FPS) and/or Employer Payment Submission (EPS) is April 19 th , so now it’s time to get your information completed. After grappling with the cost of doing business challenges, small and medium businesses everywhere will likely find the payroll process is more complex than normal.

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2023 Readers’ Choice Awards – The Readers Have Voted!

CPA Practice

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ). During the pandemic and since, however, accounting professionals and firms have implemented many new technologies that are helping them provide more and better clien

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EY US Just Fired 3000 People, Totally Not Related to Everest Falling Apart

Going Concern

Well we knew this was coming. Reuters : Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. The layoffs will affect around 3,000 of the company’s U.S. employees. The decision was taken after assessing the impact of current economic conditions, strong employee retention rates and “overcapacity” in part

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IA Rewind: QuickBooks Desktop 2023 Product Summary

Insightful Accountant

September 6, 2022 was the day Intuit's QuickBooks Accountant Leader Ted Callahan announced as the release of the QuickBooks Desktop 2023 line-up to ProAdvisors and Accountants. Murph provided a summary of what's new.

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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 Should a Small Business Owner Plan for Rising Taxes?

CPA Practice

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) A buzzword appeared in the world of small business about a decade ago: the accountant as “most trusted advisor.” As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax st

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Majority of Accountants May Leave Their Organization in the Next Year

Insightful Accountant

FloQast’s Controller’s Guidebook series found that 63% of those considering a change may leave accounting entirely as teams work to recalibrate work-life balance.

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Your Salesforce Journey: Advice for Companies Starting Their Digital Strategy

Cherry Bekaert

Is your company struggling to connect with customers or is your digital strategy behind the curve? In this episode of Cherry Bekaert’s Digital Journeys podcast, Hisham Nabi , Managing Director of Digital Advisory, talks about how to get started on your digital strategy. You might think digital strategy starts with technology, but Hisham stresses the importance of starting with your problem statement and then solving it by integrating technology.

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That PwC Return-to-Office Rumor Might Be True (Includes Potential Confirmation)

Going Concern

Remember that rumor buzzing around last week about a PwC return to office ? It might be true. You’ll note that OP updated their post to specify that what they’ve heard applies to US tax. This morning Going Concern received a copy of a memo that appears to confirm just about everything the original rumor-spreader said, as well as various details we’ve been given over the past several days.

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Stock Market Update and Silicon Valley Bank Insights

Withum

This Thursday, I will be presenting a webinar with my Stock Market Update and next Wednesday, my insights about what happened at Silicon Valley Bank. These are two very timely topics that clients have expressed much interest in. Both are free, but you must pre-register. Thursday, April 20, at Noon (EDT), I will be presenting my Stock Market Update as part of the Take A Business Break Webinar Series fo r the East Brunswick Public Library.

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The Business Owner’s Guide to Mileage Reimbursement (2023 Edition)

inDinero Accounting

Company vehicles aren’t always available, particularly for smaller and growing businesses. This can lead to situations where employees must use their own cars for work-related travel. Whether visiting clients, heading to the airport, or making deliveries, personal vehicle usage may qualify employees for mileage reimbursement. The IRS provides a 2023 reimbursement rate, but there’s more to consider.

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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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What You Need to Know About Embracing Technology

SchoolofBookkeeping

Intuit recently released a study highlighting the ways that accounting firms are embracing technology to transform their operations. According to the study, artificial intelligence (AI) and automation tools are leading the wave of desired technology investments in the industry. Nearly 90% of Accountants Expect Technology to Drive their Firms' Growth in 2023, according to Intuit QuickBooks Survey Read the full press release below.

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GST Advisories| Time Limit for generation of e-invoice| HSN-wise reporting in e-invoice

VJM Global

GST Department keeps on issuing advisory on various practical or technical issues faced by taxpayers to smooth the tax compliance processes. Recently the department has issued an advisory on various issues such as the Time limit imposed on the generation of e-invoices, HSN Wise reporting is made mandatory in e-invoices, GST registration by One Person Company , etc.

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The Business Owner’s Guide to Mileage Reimbursement [2023 Edition]

inDinero Accounting

Company vehicles aren’t always available, particularly for smaller and growing businesses. This can lead to situations where employees must use their own cars for work-related travel. Whether visiting clients, heading to the airport, or making deliveries, personal vehicle usage may qualify employees for mileage reimbursement. The IRS provides a 2023 reimbursement rate, but there’s more to consider.

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The Tax Tribunal Process

Menzies

Menzies LLP - A leading chartered accountancy firm. It would be extremely rare that a taxpayer would set out hoping that their dispute with HMRC will reach the Tax Tribunal, not least because of the public nature of the hearing. Before reaching that stage the taxpayer will have had the opportunity to make their case through a formal appeal process , have their case independently reviewed and, where appropriate, mediated through Alternative Dispute Resolution (ADR).

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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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Outlier.org and Urban Assembly to Bring Financial Accounting to New York City High Schools

CPA Practice

Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area. 400 NYC public school students will have the opportunity to enroll in Outlier.org’s highly regarded Intro to Financial Accounting college course.

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5 Huge Benefits of Outsourcing Accounting Services for Small Businesses

Analytix Finance & Accounting

Small business owners often juggle multiple responsibilities. However, managing finances can be a challenging task, especially for those who do not have an accounting background. Outsourcing accounting services can be an excellent solution for small businesses that provides several benefits: 1. Expertise: One of the major significant benefits of outsourcing accounting services is gaining access to the expertise of accounting professionals.

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Renowned CPA Fails to Prove NOLs

CPA Practice

If a business incurs a substantial loss in the current year, it may be able to offset subsequent tax liability by carrying forward a net operating loss (NOL). However, as shown in a new case, Amos, TC Memo 2022-109, 11/10/22 , even a highly successful CPA may fail to properly substantiate the claims. Background: Prior to the Tax Cuts and Jobs Act (TCJA), a business could carry back an NOL for two years and then forward for up to 20 years.

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Speaker Q&A: Mo Kanjilal

Accounting Insight

Introducing Mo Kanjilal, a Co-Creator at Watch This Sp_ce, a multi-award-winning diversity and inclusion company. During a career in international technology corporations leading global teams, Mo worked on creating inclusive teams and engaging employees. After working in smaller companies on similar initiatives, she co-created Watch This Sp_ce. The company works with a range of organisations in different sectors to help them understand what changes they need to make and how to drive those change

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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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WEBINAR – Breaking Down CFPB’s Section 1071 Final Rule: What’s Coming and How Banks Should Prepare

Anders CPA

Join us for a webinar on Wednesday, March 24 at 10:00 am CDT discussing what the Consumer Financial Protection Bureau (CFPB) ruling on Section 1071 of the Dodd-Frank Act means and how your organization should prepare in the coming months. You’ll learn about: Will this rule apply to my bank, credit union, or other types of small business lender?

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Send It Back

RitaKeller

“Mistakes grow your brain.” – Jo Boaler You have been rushing through tax season, doing all you can to get the clients served accurately and quickly. This means that you probably do what so many experienced CPAs do. They review the work, fix any mistakes and send it forward to the next step in the process (usually to admin and out the door).

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Just 10 Electric Vehicles Qualify for Full $7,500 U.S. Tax Credit

CPA Practice

By Ari Natter and Keith Laing, Bloomberg News (TNS) Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the U.S. after stricter battery-sourcing rules take effect and render most plug-in models ineligible. General Motors Co., Tesla Inc. and Ford Motor Co. all have at least one EV that will qualify, while Ford and Stellantis NV each have one eligible plug-in hybrid model.

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Monday Morning Accounting News Brief: Intern Retention; Accenture Delays Start Dates; Post-Everest EY Exodus? | 4.17.23

Going Concern

Good morning and happy Monday! Here’s some news. The PCAOB wants to dismiss a lawsuit brought by an anonymous auditor who challenged the board‘s “secret” disciplinary proceedings: Among other reasons, the board noted that John Doe‘s Jan. 19, 2023, suit was filed in the U.S. District Court for the Northern District of Texas. But the board is located in Washington, D.C., and its disciplinary proceedings occur there.

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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.