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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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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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 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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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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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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The ROI of Investing in New People Leaders

BurklandAssociates

If you are a new manager, or if you plan on promoting an individual contributor to a management role, here are some core areas to offer training. The post The ROI of Investing in New People Leaders appeared first on Burkland.

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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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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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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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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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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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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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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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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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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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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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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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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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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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Ex-IRS Clerk Pleads Guilty in Death of Co-Worker

CPA Practice

By Joshua Tehee, The Fresno Bee (TNS) A former clerk with the IRS in Fresno, CA, pleaded guilty in federal court on Tuesday of selling prescription pills that led to the death of a co-worker. According a release from the Department of Justice, Margarita Aispuro-Camacho sold morphine pills and other drugs she had been prescribed to a co-worker at the IRS.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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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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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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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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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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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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CASS 5 – Client Money Reconciliations for Mortgage and General Insurance Firms

Menzies

Menzies LLP - A leading chartered accountancy firm. One of the most time intensive requirements of being authorised by the FCA is completing Client Money Calculations. These are essential to ensure that were anything to go wrong, clients’ money is always protected. Not to put too light a point on it, but the effective completion of this ensures continued consumer confidence in the UK’s financial system.

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2023 Update to DCAA Hot Buttons

Cherry Bekaert

The Defense Contract Audit Agency (DCAA) is continually launching new audit initiatives or having new requirements imposed on it. Additionally, new statutes and regulations are enacted that affect the way DCAA conducts its business. Additionally, court or board decisions can impact the relationship between DCAA and contractors. Given these realities, almost every contractor that has undergone a DCAA audit recently can attest to the fact that DCAA is aggressively pursuing questioned costs and exp

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.