Tue.Feb 21, 2023

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What’s better than saying that your business grows through referrals?

Mark Lee

Are you like many of the accountants I meet who claim that most of their best new clients come through referrals? This is certainly great when it’s true. But when I dig a little deeper I find that it’s often not quite as accurate a statement as the accountants thought. It’s an easy answer Often the reason for any assertion about the value of referrals is down to one or more of the following: They remember that their most recent new clients were initially generated by referral

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Accounting Thought Leaders Discuss Future of the Profession, Advisory Services, and Tax

CPA Practice

Nearly 30 of the most influential consultants, practitioners and accounting technology visionaries convened in New York City Feb. 20-22, 2023, for CPA Practice Advisor ‘s 13th annual Accounting Thought Leader Symposium. CPA Practice Advisor editor-in-chief Gail Perry, CPA, leads discussion with attendees at the 2023 Accounting Thought Leader Symposium.

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Teaming Finance and People Ops to Manage Pay Transparency

BurklandAssociates

New pay transparency compliance laws make this responsibility all the more daunting, with real fines as a repercussion. The post Teaming Finance and People Ops to Manage Pay Transparency appeared first on Burkland.

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IRS and Treasury Finalize E-Filing Rules for Businesses

CPA Practice

The IRS and the Treasury Department on Tuesday issued final regulations pertaining to companies filing returns and other documents electronically starting in 2024. The final regulations impact filers of: Partnership returns; Corporate income tax returns; Unrelated business income tax returns; Withholding tax returns; Certain information returns; Registration statements; Disclosure statements; Notifications; Actuarial reports; and Certain excise tax returns.

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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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The Importance of “Soft Skills” for Organizations

BurklandAssociates

“Could your team benefit from some soft skills training?” Read why your answer should always be yes! The post The Importance of “Soft Skills” for Organizations appeared first on Burkland.

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Ready for a Successful 2023

TaxConnex

We are excited to share in that we closed out 2022 breaking our annual new business revenue goal! We saw a 40% increase in new sales as compared to the prior year and are set for a great 2023. “Many businesses continue to try and manage sales tax in-house, but this past year showed that the economic un-certainty along with a lot of turnover and layoffs has left compliance in the hands of those that don’t have the bandwidth or expertise,” explained Brian Greer, CRO of TaxConnex.

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The NFL’s Wage Gap Issue and a Solution

Withum

The salary cap in the NFL is up to $208 million per team for 2022 and continues to rise each year by about $20 million. This salary cap sets a maximum budget that each team can pay their entire player roster. Even with this rise, the wage gap between the minimum salary and the highest individual salary for NFL players has continued to widen. The current minimum salary for a first-year player is $705,000 meanwhile, the highest average salary is over $50 million (Aaron Rodgers, Quarterback, Green

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Maximizing Benefits with PEOs: A Solution for Small Employers’ Labor Challenges

BurklandAssociates

Despite a growing number of large company job cuts, the layoff rate as a whole in the US is at about 1%. There is also about 1.8 jobs for every Read More The post Maximizing Benefits with PEOs: A Solution for Small Employers’ Labor Challenges appeared first on Burkland.

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IRS: Taxpayers Can Now Upload Documents for These 9 Notices

CPA Practice

Taxpayers who receive certain notices from the IRS and are required to send information to the agency now have the option of submitting that documentation online through IRS.gov. This new option, announced by the IRS on Feb. 16, allows tax professionals or their clients to electronically upload documents via a secure online portal rather than mailing that paperwork to the IRS, thus reducing time and effort resolving tax issues.

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Why Hiring Slow and Firing Fast Still Works

BurklandAssociates

A client asked me recently what they should do about an underperforming employee. This employee was entry-level, had been with the company for less than 90 days, and wasn’t performing Read More The post Why Hiring Slow and Firing Fast Still Works appeared first on Burkland.

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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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Some Crazy SOB Got Debit and Credit Tattoos

Going Concern

I don’t know how I didn’t see this a week ago when it was posted but…enjoy. via r/accounting It’s the Comic Sans for me. The post Some Crazy SOB Got Debit and Credit Tattoos appeared first on Going Concern.

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Set Up an Accounting Tech Stack for Your Startup to Succeed – Things to Consider

BurklandAssociates

Look out for these seven things to ensure your accounting tech stack serves your needs now and as you scale. The post Set Up an Accounting Tech Stack for Your Startup to Succeed – Things to Consider appeared first on Burkland.

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EY Hong Kong Consultant Alleges Sexual Assault, Bullying, and Ghislaine Maxwelling By Her Superiors in This Detailed Account

Going Concern

Late last week, South China Morning Post reported that a consultant at EY Hong Kong has accused Steven Xiong, Head of Greater China Business Consulting, of sexually harassing and assaulting her and another colleague at a karaoke bar. It appears the accuser, Nicole Wang, has written a detailed account of the incident in which she states that a female senior manager facilitated and encouraged the harassment.

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Warehouse Wednesday: SOS Manufacturing for QBO

Insightful Accountant

If you're looking to migrate from QuickBooks Desktop to QBO, and you need assemblies or manufacturing, be certain to check out SOS Inventory.

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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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Gina Abrams, Chief of Staff at Trust Machines

Withum

Explore Other Episodes The post Gina Abrams, Chief of Staff at Trust Machines appeared first on Withum.

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Xero is heading to Accountex Australia 2023 – join us there!

Xero

Have you heard the news? Accountex – the leading accounting and finance event in the UK and Europe – is heading down under next month for the first time ever. Between 15 to 16 March, advisors from across the country will descend on Sydney’s International Convention Centre (ICC) for two days of learning, collaboration and connection. And Xero will be right amongst the action!

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Why accountants need to think like marketers during tax season

ThomsonReuters

Marketing is essential for any business looking to grow and profit, and it can significantly impact your firm’s ability to grow and drive profitability. With so many options, from email to social media, the thought of including marketing in your firm’s growth plan can be intimidating to many firm owners, but it doesn’t have to be complicated. To help firms achieve greater growth and profitability , we will explore five ways accounting professionals can think like a marketer. 1.

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The Benefits of Programmable Money

Insightful Accountant

Corpay's Keith Axelsen shows us how virtual cards are helping to improve travel and expense management.

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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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AASB’s discussion paper update

Accounting for Good

The post AASB’s discussion paper update first appeared on ACCOUNTING FOR GOOD.

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New working from home tax rules from the ATO!

Reckon

The Australian Tax Office has announced changes to the current working from home deduction rules and rates, which were set during the COVID-19 pandemic. The rules have shifted from the previous tax year (2021-22) with the changes reflecting the increase in people working from home. The ATO states that “The changes better reflect contemporary working from home arrangements.

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IRS and Treasury Issue Guidance for Insurers on Corporate AMT

CPA Practice

The IRS and the Treasury Department on Feb. 17 issued interim guidance for insurance companies on the corporate alternative minimum tax (CAMT), which was created by last year’s Inflation Reduction Act. The information released last Friday is intended to be used until the IRS and Treasury release proposed regulations. The CAMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations for taxable years beginning in 2023.

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Travel expense management: How T&E benefits your business

Accounting Insight

Travel and entertainment expenses (T&E) can give your business a competitive advantage if used wisely and effectively. Although often costly, T&E expenses can help your team meet new people, close deals, and sync with important vendors. Many small and medium businesses (SMBs) worry about the cost of employee expenses when it comes to travel and entertainment expenses (T&E).

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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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Qualified Small Business Stock (QSBS) Flowchart

Withum

Determine if your business qualifies for QSBS. Download Flowchart If you own Qualified Small Business Stock (QSBS) you may be eligible to eliminate tax on all or some of your gain when you sell. Does your business qualify for QSBS? Does your business qualify for QSBS? Download our QSBS Flowchart and find out! Contact Us For more information or to discuss your business needs, contact Withum’s Technology and Emerging Growth Services Team.

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Anders Technology Earns Microsoft Windows Virtual Desktop Specialization

Anders CPA

Anders Technology has earned the Microsoft Windows Virtual Desktop Specialization for their deep expertise in deploying and scaling virtualized desktops and applications on Azure using Azure Virtual Desktop. As a Microsoft Solutions Partner, this advanced designation recognizes Anders Technology’s extensive experience deploying, optimizing and securing virtual desktop infrastructure on Azure.

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AbacusNext Rebrands as CARET

Insightful Accountant

The move will further unify technology and automation solutions for today's legal and accounting professionals.

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It’s Microsoft 365 License Renewal Time – See How Bundling Increases Security While Reducing Cost

Anders CPA

Microsoft 365 license renewal season is upon us and provides the perfect opportunity to review your current licenses and determine how well they fit your business needs. You may want to consider bundling on extra services to increase your company’s cost-effectiveness, access to more security and enhanced features and ultimately save your technology employees time that can be put toward higher-level tasks.

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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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Leasing a Commercial Space? Here’s What to Know

Patriot Software

Maybe you started out running your business from your home or garage. Or, maybe you’re getting ready to launch a new business. Whatever the case may be, there might come a time when you need to rent an office, retail space, or warehouse.

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3 Ways to Solve Your Accounting Firm’s Last-Minute Staffing Needs

CPA Practice

You were proactive and diligent about readying your accounting firm for tax season, and yet you’re still facing staffing gaps precisely when you need all hands on deck. You’d like to hire some new employees, but your search for viable candidates isn’t yielding the results you’d hoped for. Know that you’re not alone in your recruitment struggles: research for Robert Half’s 2022 Demand For Skilled Talent report found that 87% of finance and accounting managers are challenged in finding skilled pro

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Seasonal Businesses | How Accounting Services Can Help Your Corporate Finance Challenges

IgniteSpot

When it comes to running a business, it pays to be flexible. Fluctuations are a natural part of any business cycle, so downturns and surprise hiccups are expected from time to time.

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Older Americans Are Fairly Well Off, Says Census Bureau

CPA Practice

By Alex Tanzi, Bloomberg News (TNS) Older Americans may have higher incomes than previously thought, according to new experimental data that’s being developed by the U.S. Census Bureau. The Bureau last week published the first estimates from its National Experimental Wellbeing Statistics or NEWS, a project that aims to fix measurement errors in income and poverty data.

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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.