Fri.May 27, 2022

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Jim Hannan Named ROI-NJ Influencer for Manufacturing in 2022

Withum

Withum is proud to share that Jim Hannan , Partner and Practice Leader for Manufacturing, Distribution & Logistics , was recognized by ROI-NJ as a top influencer for 2022. Jim has over 30 years of experience in the industry, specializing in public offerings, SEC filings, international financial reporting standards and mergers and acquisitions. He oversees the MD&L Group at the Firm and has additional industry expertise in Wholesale Distribution Services , Life Sciences and Cannabis Secto

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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. To achieve your goals, you’ll need to prepare numerous reports, establish, evaluate, and strengthen external partnerships that generate new growth, create a strategic mapping to increase confidence in your actions, and the list goes on!

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Friday Footnotes: EY Gets Extra Empathetic; Broke KPMG Partner Sues; Auditor Pay Cuts? | 5.27.22

Going Concern

Accounting Giant EY Created A Chief Wellbeing Officer To Uplift And Empower Their People [ Forbes ] EY investing in that empathetic leadership everyone loves so much. Bankrupt former KPMG partner sues law firm over job loss [ Financial Times ] A former KPMG partner who went bankrupt after investing in French ski chalets is suing law firm Herbert Smith Freehills for allegedly causing him to lose his job by tipping off the accounting group about his debt problems when he asked for legal advice.

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Managing supply chain issues and mitigating risk

ThomsonReuters

Over the past two years, global supply chain issues have moved from a back-office corporate headache to front-page news, as shortages from new cars to groceries, semiconductors, and petrol effect lives around the world. First, there was the trade war with China, then global demand for goods crashed during the pandemic, only to return faster than expected supply, which created a cascade of logistical challenges involving cargo, shipping, factory operation, and personnel.

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How to Build the Ideal HR Team

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.

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How Technology Helps Construction Businesses Save Money

Randal DeHart

The use of technology in construction has come a long way. Many articles have already been written about how construction has been sluggish in adopting new advancements in technology compared to other business sectors. However, more and more companies, especially small construction businesses, have been open to using technology to improve their operations.

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Let’s talk about forced labor, and other global regulatory changes affecting supply chain compliance

ThomsonReuters

Businesses participating in import and export trading may find themselves swirling in a storm of global regulatory changes. For those with small supply chains, keeping up with the changes may be nothing more than a manageable headache. But for those operating in a complex network of manufacturers, logistics partners, distributors, raw goods suppliers, and sales channels, remaining compliant carries tremendous burden and risk.

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We tackle questions landlords may have around Making Tax Digital for Income Tax Self Assessment

Xero

If you’re a landlord , you’ll likely have felt the rumblings around Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ). . Part of the government’s plan to digitalise the UK tax system and make it easier to get your tax right, MTD for ITSA requires landlords and those who are self-employed and earning above £10,000 annually to use MTD-compatible software to keep digital records and submit updates to HMRC. .

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The ROI Of Outsourced Accounting And Controller Services

GrowthForceBlog

6 min read. Outsourcing non-core competencies continues to make waves in the business world. And it’s not slowing down anytime soon.

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Jenn Mutunga Named MassCPA Rising Star

Withum

Withum is excited to share that Jenn Mutunga , Senior Accountant, was honored by MassCPA (the Massachusetts Society of CPAs) as the Rising Star for May 2022. Jenn has over nine years of experience in the industry specializing in audits. She currently does Commercial Audits and is a member of Withum’s Employee Benefit Plan Services Team working on ERISA Audits.

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Here's Why Your Business needs Customer Relationship Management

Intuitive Accountant

Sticky notes, multiple Excel spreadsheets, and broken, ‘duct-tape’ systems are the norm for many SMBs when it comes to managing their customers. Does this sound familiar? If your business is plagued by missed follow-ups, de-centralized customer information and general chaos, a CRM (Customer Relationship Management) solution might be exactly what you need.

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Planning Your Restaurant's Path to Profitability

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.

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What Is the Bad Debt Expense Formula?

xendoo

When a small business makes sales on credit, there’s a chance of having bad debt expenses. Most businesses use the bad debt expense formula to account for them. . Even the customers with the highest credit record can go bankrupt and fail to pay their debts. Tracking and recording these debts gives you an accurate picture of your financial standing. In this post, we will dig deeper into how to calculate bad debt expenses and what they mean for your business. .

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Tips for Good Corporate Governance

Withum

Whether your company is large or small, good corporate governance can be critical in establishing a positive organizational culture. Good corporate governance is evident by responsibility, accountability, consistency, fairness and transparency. It can financially benefit an organization, leading to higher profit margins, greater dividend yields and larger stock repurchases.

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Podcast: Shining a light on energy company insolvencies

Menzies

Menzies LLP - A leading chartered accountancy firm. Insolvency practitioners, John Cullen and Rachel Lai are joined with Business Recovery colleagues Alexandra Davies and Penny Elvin to review the topical issue of the UK’s energy market and the process of Supplier of Last Resort (SoLR process). They discuss topics such as the government’s recent announcement of the rise in the energy price cap and explore the causes behind the failing energy market.

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Albert Goodman celebrate being the best UK accountancy firm to work for in the latest Best Companies list

Accounting Insight

Regional chartered accountancy firm Albert Goodman has featured in the Best Companies 2022 list as the best accountancy firm to work for in the UK which was revealed during the Best Companies live event on Friday 20 May by TV and sports presenter, Dan Walker. The Best Companies list has recognised Albert Goodman as a leader in its field of accountancy determined through a firm-wide survey assessed and ranked in eight categories, including personal growth, wellbeing and teamwork.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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On My Mind

RitaKeller

“Do not let the behavior of others destroy your inner peace.” —Dalai Lama. Many of my readers are probably not working on Friday in the summer. Honestly, I like working less on Friday that is why I usually do the Friday Flashback, reposting something I have posted previously. This Friday, it is some simple thoughts that I read in a book called Beartown by Fredrik Backman : If you are honest.

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Tech News: OneStream touts machine learning solution

Accounting Today

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Practice Profile: Becoming a visible ally

Accounting Today

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7 powerful ways your website can attract top talent

Accounting Today

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Boomer’s Blueprint: Leadership challenges in the 2020s

Accounting Today

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Growth and DEI are intertwined

Accounting Today

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On the move: Baker Tilly names new brand ambassador

Accounting Today

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