Tue.Sep 05, 2023

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Pros and cons of the Financial Data Transparency Act

Accounting Today

The trend toward digitization of government data has been affirmed as a priority by the passage of recent legislation.

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Dimensions of a Basic Treasury Policy for Venture-Backed Startups

BurklandAssociates

An active approach to treasury management can help startups reduce financial risk while putting excess cash to work. The post Dimensions of a Basic Treasury Policy for Venture-Backed Startups appeared first on Burkland.

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ERC audits: Be prepared

Accounting Today

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

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Preparing for Tomorrow: Trends Accountants Need to Embrace Today

CPA Practice

Joseph Graziano, CFP®. Accountants are part of an evolving industry where 82% of accountants agree that client expectations have widened. If you’re behind the trends, you risk becoming “obsolete.” Clients may still need your services, but they want an accountant to go the extra mile for them. Preparing for tomorrow can help you situate your firm to be: Streamlined Profitable today and in the future Sellable in the future (if that’s something you ever consider) You can begin prepping for the futu

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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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IRS agents probing high-income taxpayers need better training

Accounting Today

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

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81% of CFOs View Hybrid Workforce as a Cost Saver

CPA Practice

IWG, plc , provider of flexible workspaces and hybrid work solutions, recently studied CFO sentiments on workforce options. The findings from its CFO & Hybrid Work Survey showed that 78% of CFOs are cutting costs because of ongoing economic uncertainties and 81% see hybrid work as a top way to meet savings targets. The report examines findings from a new poll of more than 250+ U.S.

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Who’s Putting Roofies in the Drinks at KPMG In-Office Get Togethers?

Going Concern

This post is not a joke about partners slipping Moloko into the Kool-Aid, someone is actually spiking drinks at KPMG New Zealand. The most disturbing part, putting aside the roofies which are plenty disturbing themselves, is that this likely happened on KPMG premises. For two months in a row, “grubby little cowards” have drugged drinks at a monthly work event.

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Noble Consulting acquires Johnson Lambert insurance practice

Accounting Today

An insurance regulatory consulting firm that's part of Katz Sapper Miller, a Top 100 Firm based in Indianapolis, is growing by buying another firm's insurance regulatory practice.

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Contribution Margin Explained

AccountingDepartment

Business owners face many financial challenges, so understanding contribution margin is crucial to success. Contribution margin is an essential financial metric for any business striving to increase growth and revenue.

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Xero Beautiful Business Fund: Not-for-profit? You’re a small business too, so apply today!

Xero

Applications are quickly coming in for the Xero Beautiful Business Fund – thank you to all those who’ve entered so far. If you’re an organisation that operates on a not-for-profit basis, you might be wondering whether you’re eligible to apply. The short answer in most cases is yes (just make sure to double check the rest of our eligibility criteria here ) – because in our eyes, not-for-profit organisations are small businesses too.

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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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IRIS Launches New Accounting Outsourcing Platform

CPA Practice

IRIS Software Group (IRIS), a global provider of professional accounting and payroll solutions, has launched its new IRIS Outsourcing for accounting firms in the Americas market. IRIS Outsourcing enables the outsourcing of routine accounts and payroll work for core accounting and payroll processes such as bookkeeping, payroll, financial statements, and tax solutions.

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Anna Chen is Attending INBOUND 23

KROST

Our Marketing Director, Anna Chen, is attending the INBOUND 23 conference at the Boston Convention & Exhibition Center. The event will run from September 5th – 8th and is designed for marketers, sales professionals, entrepreneurs, business owners, and industry thought leaders. There are a variety of dynamic activities on the agenda, including keynote speeches, breakout Read the full article.

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Wirecard whistleblower starts platform to detect wrongdoing

Accounting Today

Pav Gill is setting up Confide, catering to companies that want to boost their corporate governance.

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Record Retention Summer Cleaning – Only Keeping What You Need

KROST

As the scorching summer months approach, businesses across various industries are gearing up for a different kind of cleaning spree: record retention summer cleaning. With the sheer volume of documents accumulated over time, it can be overwhelming to navigate through the labyrinth of paperwork and determine which ones are important to keep and for how Read the full article.

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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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Ex-Americanas CEO says he's scapegoat

Accounting Today

Miguel Gutierrez argues he had nothing to do with the attempt to manipulate the retailer's financial accounts that led to a massive accounting scandal.

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Let's Talk 'QuickBooks Desktop' at September's 'QB Talks'

Insightful Accountant

Murph is hosting 'QB Talks' on Sept. 20, where he hopes to discuss "QuickBooks Desktop 2024." He has put his chips on the table and is gambling that Intuit will have released the product and its embargo prior to his opening remarks.

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Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Going Concern

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together , it isn’t the first time either: Two people at KPMG are suspected to have been victims of drink-spiking at separate work drinks, with the executive chair saying whoever is responsible is a “grubby littl

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Understanding CPFF Contracts

Insightful Accountant

Hour Timesheet and Clockwise co-founder Debbie Sabin discusses CPFF contracts and the imperative of DCAA compliant timekeeping.

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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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In the blogs: Turning heads

Accounting Today

Incoherent economics; TCC requirements; the remote debate; and other highlights from our favorite tax bloggers.

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A Closer Look: Roles

Canopy Accounting

See how powerful tools can help you get more work done with less confusion and coordination, clearer assignments, and work queues. We'll show you how roles can be applied on tasks, subtasks, templates, and client records.

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Colorado Lawmakers Again Ask IRS: Don’t Tax TABOR Refunds

CPA Practice

By Nick Coltrain, The Denver Post (TNS) Nearly all members of Colorado’s congressional delegation are again asking the IRS to reconsider a plan to tax state refunds. The IRS’s new guidance , issued last week, marked the second time this year the agency raised the specter of subjecting state refunds to federal income tax. Colorado’s entire delegation, except for U.S.

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MPs told UK SMEs facing working capital squeeze

Accounting Insight

ACCA paints gloomy picture of SME finance to parliamentary inquiry Giving written evidence to the UK Parliamentary Treasury Committee inquiry into SME finance , ACCA set out a gloomy picture of SMEs struggling to access finance. Drawing on its Global Economic Conditions Survey (GECS), ACCA says that the proportion of SMEs having problems accessing finance remains below the long-term average.

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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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Businesses Must E-file Form 8300 in 2024, IRS Says

CPA Practice

Starting on Jan. 1, 2024, businesses will be required to electronically file Form 8300 , Report of Cash Payments Over $10,000 , instead of filing a paper return, the IRS said on Aug. 30. This new requirement follows final regulations amending e-filing rules for information returns , including Forms 8300, that were released last February. Businesses that receive more than $10,000 in cash must report transactions to the federal government.

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Tax Deductions for Self-Employed Physicians Filing Form 1099

Anders CPA

Making the transition from a W2 to a 1099 filer as a physician can unlock significant tax deductions that can minimize your tax burden and free up your funds so you can reinvest in your business. Potential deductions available for 1099 filers include the home office deduction, auto or vehicle expenses deductions, CME and CME travel, medical malpractice, the QBI deduction and more.

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AICPA News – Sept 2023

CPA Practice

AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants. AICPA Updates Digital Assets Practice Aid, Adding Audit Guidance The American Institute of CPAs (AICPA), representing AICPA & CIMA, has updated its practice aid for accounting and auditing of digital assets, with added material on auditing.

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Three essential factors for inducting new board members

Accounting for Good

If you've recently appointed new board members, you'll need to induct them. Here are 3 essential factors to support seamless onboarding.

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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 CFO Expertise can Help your Business Grow

Analytix Finance & Accounting

A Chief Financial Officer (CFO) is responsible for setting a business’s financial budgets and objectives and taking concrete and appropriate steps to meet them. While many think hiring a CFO is only necessary for large organizations, it can benefit a business of any size and at any stage in its journey. How Industry Intelligence Assists CPA Firms Better When it comes to offering higher-level CFO consulting services to clients, CPA firms are often limited by bandwidth.

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How to Nurture Client Relationships

Insightful Accountant

FFP Wealth Management's John Graziano explains how firms can beyond just the numbers and dive into the arts of providing better service and improving client relationships.

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5 REASONS BUSINESSES CHOOSE OUTSOURCED BOOKKEEPING

Basis 365

You have many tasks to perform as a business owner to ensure your operation runs smoothly. Bookkeeping is one of these time-consuming yet essential tasks. You must keep your financial records up-to-date and organized to make informed decisions. Outsourced bookkeeping is a great option. You can save time and money by outsourcing your bookkeeping to a professional provider.

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New Tech Automates Federal and State Compliance Tracking

CPA Practice

Bloomberg Tax and Accounting has launched Compliance Tracker, a workflow tool available on Bloomberg Tax Research that enables tax professionals to automate the cumbersome, time-intensive process of tracking and gathering of federal and state tax deadlines and forms, while providing alerts about approaching and changing filing obligations. Corporate tax professionals spend dozens of hours each quarter collecting and verifying due dates and forms for their entities across all domestic jurisdictio

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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.