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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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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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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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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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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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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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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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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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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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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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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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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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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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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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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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 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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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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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.