Fri.Dec 23, 2022

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Financial Statement Fraud: Overstatement of Revenue

FraudFiles

By far the most common way that executives manipulate financial statements is through the overstatement of revenue. The reason is simple: It’s the easiest way to improve the appearance of the company’s financial condition.

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IRS delays $600 threshold for 1099-K reporting

Accounting Today

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IRS Adopts Administrative Procedure Establishing Calendar Year 2022 as Transition Period for TPSO Compliance

Intuitive Accountant

IRS action delays $600 threshold for 1099-K reporting for most entities.

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How to network as an accountant in 2023

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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What is a WISP for Accounting and How To Get One | Canopy

Canopy Accounting

In accounting, WISP stands for Written Information Security Plan. A WISP is a document that accountants are required by law to create. A WISP is your strategy or game plan for keeping your client’s personal and financial information safe. If you get paid to do someone’s accounting, then yes! You’re going to need a WISP.

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IESBA advances sustainability and ethics standards for accountants

Accounting Today

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Brokers get reprieve on expanded reporting of digital assets

Accounting Today

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Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2022

KROST

PASADENA, CA – KROST CPAs & Consultants was recognized as the Top Fastest Growing Private Companies by the Los Angeles Business Journal in 2022. Based on revenue from 2020 to 2021, KROST was ranked among the fastest-growing private companies in the greater L.A. area. The fastest-growing private companies exhibit tremendous gains, measured not only in Read the full article.

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The SEC's crypto crackdown is just getting started after FTX blowup

Accounting Today

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Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2022

KROST

PASADENA, CA – KROST CPAs & Consultants was recognized as the Top Fastest Growing Private Companies by the Los Angeles Business Journal in 2022. Based on revenue from 2020 to 2021, KROST was ranked among the fastest-growing private companies in the greater L.A. area. The fastest-growing private companies exhibit tremendous gains, measured not only in Read the full article.

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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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Omnibus spending package passes without tax extenders

Accounting Today

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Rejoice! IRS Delays Challenging 1099-K Reporting Changes Until Next Year

Nancy McClelland, LLC

Accountants, small business owners, IRS representatives, bookkeepers, and tax attorneys everywhere are breathing a sigh of relief today as the IRS — awaiting relief from Congress that never came — finally made the decision to push off the confusing and troublesome changes to 1099-K reporting for another year. The change in law requires Payment Servicing Entities (PSEs) and Third-Party Settlement Organizations (TPSOs) such as PayPal, CashApp, Venmo, Etsy, Poshmark, and eBay to lower t

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SEC OKs PCAOB budget and accounting fee

Accounting Today

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6 Bookkeeping Habits to Help Landscaping Company Manage Cash Flow

Steve Feinberg

Landscaping professionals to provide a valuable service to the public and private property alike, with skills that take years to learn and even longer to master. With all of this work, it’s understandable that strict bookkeeping and daily accounting aren’t at the top of your priority list, but without them, even the best landscapers can find themselves in a bind when it comes to their cash flow.

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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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Video Editing Software for Small Business to Produce Professional Videos

Snyder

Do you own a small business and seek effective marketing solutions? Then the video content is a win-win option for you! With the right video editing tool, you can create professional videos just on your phone. Post them on social media, attract the audience, and your brand will grow. Looks amazing, but where to start? In this article, you’ll explore tips on editing your marketing videos, choosing the best software, and promoting content properly.

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Tech News: Looking for the top new products of the year

Accounting Today

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Welcome to the last Footnotes of 2022! We appreciate you stopping by as always and hope you get a chance to recharge over the holidays. We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. We’ll be checking the tipline during this time so feel free to text if anything of note happens while we’re feasting, resting, and putting in way, way too

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Satisfying prevailing wage requirements to maximize energy efficiency tax credits

Accounting Today

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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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Trump's tax returns will be released after Christmas, panel says

Accounting Today