CPA Practice
MARCH 22, 2023
The Texas Senate unanimously passed a bill on Tuesday that would lower the eligibility requirement for CPA candidates to sit for the CPA exam from 150 semester credit hours to 120. The bill now advances to the Texas House of Representatives for a vote. Today, SB 159 (120 hours to test leg) passed unanimously out of the TX Senate! Thank you to @electcharles , the TX Senate & Lt.
Xero
MARCH 22, 2023
Over a decade ago, Xero acquired the WorkflowMax (WFM) product to build out Xero’s practice tool offering globally, and ultimately help us to create a more seamless experience for accountants and bookkeepers to run their practice in the cloud. We followed with the launch of Xero Practice Manager (XPM), bringing to fruition the early vision we had for the WorkflowMax product.
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CPA Practice
MARCH 22, 2023
Thanks to a little-noticed law passed in 2014—the Achieving a Better Life Experience Act (ABLE) Act—a family can set up a tax-favored savings account for a disabled individual. Appropriately enough, these are referred to as “ABLE accounts.” Now the new SECURE Act 2.0 enacted at the end of 2022 extends this opportunity to more families. Background : An ABLE account works pretty much like a Section 529 plan account for higher education expenses.
Insightful Accountant
MARCH 22, 2023
See how the program will help protect small business against unforeseen charge-backs, regardless of fraud, no questions asked.
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.
CPA Practice
MARCH 22, 2023
The 401(k) plan is one of the most popular qualified retirement plans around. However, in the past eligibility was generally restricted to an employer’s full-time employees. Now the new law passed at the end of 2022—dubbed SECURE Act 2.0—will provide access to more part-time workers. How does a 401(k) work? For starters, an employee can elect to defer part of their salary on a pre-tax basis to a personal account, subject to generous limits.
AccountingDepartment
MARCH 22, 2023
Outsourced bookkeeping services are here to help CFOs of small to medium-sized businesses optimize their time and offer them a number of benefits!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
MARCH 22, 2023
While it appears the EY split is going off the rails , despite assurances to the contrary from people who stand to make many millions of dollars from it, one former client — or rather, the client’s administrators as the client burned to the ground three years ago — is not satisfied with letting the drama play out and has taken to court to make sure they get their money.
Insightful Accountant
MARCH 22, 2023
Internationally renowned ProAdvisor Esther Friedberg Karp shares her insights on another barter scenario businesses encounter where your customers are not always your vendors, and vice versa.
CPA Practice
MARCH 22, 2023
Phishing attacks remain a significant threat to organizations. According to the data presented by the Atlas VPN team, based on the survey conducted by Egress with 500 cybersecurity leaders, 92% of organizations were victims of phishing in the past 12 months, and 86% experienced negative consequences as a result. The most commonly reported fallout from phishing attacks was financial losses from customer churn.
ThomsonReuters
MARCH 22, 2023
An audit team’s ability to conduct efficient, effective audits can be a major differentiation factor that sets them apart from the competition. But with all the complexities of modern-day audits, it can be difficult to ensure that you are making the most of your time and resources. That’s why it’s important to recognize common audit traps — it not only helps your team tackle these new challenges, but it also sets them up for success.
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.
Reckon
MARCH 22, 2023
When used appropriately, SMS and email marketing are both excellent avenues for building your sales funnel. If you’re just getting into this style of marketing for the first time, let’s run through some basic tips and approaches. Pro Tip: Keep in mind that email marketing (EDMs) and SMS marketing are primarily for retargeting existing customers, as opposed to acquiring new customers.
Insightful Accountant
MARCH 22, 2023
The three-year agreement will help bring the capabilities of cloud accounting technology to more of Allinial Global member firms around the world.
Reckon
MARCH 22, 2023
Artificial Intelligence has been a hot topic for decades. Up until now though, it’s really been one of those things that still occupied the realm of science fiction, with very little traction in the real world. Yeah, yeah, ‘the robots are coming’. ‘AI is on its way’… Well, we might have just reached a genuine arrival point ladies and gentlemen. Not only has AI taken conceptual leaps and bounds of late, over the last few years we’ve also seen a host of tools and software products with machine lea
Withum
MARCH 22, 2023
Withum’s Healthcare Services Team discuss the 2023 Healthcare Industry Tax Updates. This session will provide an update on current Federal tax matters, including the employee retention tax credit, clean energy tax credits, other IRS tax initiatives, and also Schedule H community benefit information applicable to tax-exempt hospitals while offering best practices and practical recommendations for integrated healthcare delivery systems, hospitals, and other healthcare organizations.
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.
CPA Practice
MARCH 22, 2023
Relay, the online business banking platform, and Profit First Professionals, a member organization of profitability coaches, have announced that they are launching a partnership. As a result of this partnership, Relay becomes the official banking platform for Profit First. In addition, Relay is launching auto-transfer rules—a feature that allows businesses to automate the Profit First cash management system.
SkagitCountyTaxServices
MARCH 22, 2023
Firstly, before I jump into what business referrals could mean for your Skagit County business, I wanted you to see this. You may have already heard me talk about this … but the explosion of shady flim-flammers gaming the Employee Retention Credit and making questionable claims on behalf of business owners is raising all kinds of red flags at the IRS.
CPA Practice
MARCH 22, 2023
A recent survey of 250 finance professionals commissioned by Flywire (Nasdaq: FLYW), a global payments enablement and software company, found that as finance professionals increasingly rely on their enterprise resource planning (ERP) systems for financial data, there’s an opportunity to integrate their ERPs with payment software to improve how their businesses gets paid.
Withum
MARCH 22, 2023
Environmental, social, and governance (“ESG”) issues increasingly influence dealmaking and M&A transactions. Buyers are becoming acutely aware of how ESG diligence can identify various risks and opportunities that may affect a target’s valuation in ways not readily identified by traditional due diligence. Furthermore, buyers understand the need to consider the impact of increased regulatory and customer requirements on a target’s activities.
Advertiser: Paycor
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.
Shay CPA
MARCH 22, 2023
As part of the Tax Cuts and Jobs Act (TCJA), there was a change to Section 174 that directly impacts the R&D tax credit many startups take. Beginning after 12/31/2021, research and experimental expenditures need to be capitalized instead of expensed as previously allowed. In other words, you need to spread out your deduction over several years instead of taking it all at once.
Accounting Insight
MARCH 22, 2023
For firms looking to scale, by means of cutting costs or for the need of a wider pool of talent, it makes sense to explore offshoring as a business strategy. While the multiple benefits of offshoring make it a lucrative decision, it can get quite tricky if not done carefully. When choosing an offshore partner, certain mistakes if overlooked, can be detrimental to your business’s growth.
Shay CPA
MARCH 22, 2023
R&D Expenditure Capitalization Rules (New for 2022) The TCJA amended Section 174 relating to the federal tax treatment of research or experimental expenditures paid or incurred during the taxable year. The new Section 174 rules require taxpayers to capitalize and amortize specified R&E expenditures over a period of five years (for costs attributable to domestic research), or 15 years (for costs attributable to foreign research), beginning with the midpoint of the taxable year in which th
Menzies
MARCH 22, 2023
Menzies LLP - A leading chartered accountancy firm. In a recent study undertaken by the UK Warehousing Association, the warehousing sector possesses approximately a third of all commercial roof space and whilst the take up of solar panel installations in the sector have been slow, this is now starting to increase and gain momentum. By 2030, non-domestic minimum expected energy standards (MEES) will require all non-domestic private rented properties to have an EPC level of at least level B, with
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.
Inform Accounting
MARCH 22, 2023
Silicon Valley Bank (UK) Ltd (SVB UK) was sold last week to HSBC for a symbolic £1. HSBC, headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK are now able to access their deposits and banking services as normal.
Going Concern
MARCH 22, 2023
On March 20, New York Attorney General Letitia James filed a motion to compel (aka “gonna need the court to make someone do something thx”) Whitley Penn to hand over documents and communications relating to her civil fraud case against their client Donald Trump, three of his adult children, and the Trump Organization. Whitley Penn did not oblige the request, citing accountant-client privilege.
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