Tue.May 24, 2022

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New internet phishing alert!

Inform Accounting

New emails and letters appearing to be from employees of the Government Legal Department / Bona Vacantia Division are in circulation. Emails are being sent from bogus email addresses purporting to be from members of the Bona Vacantia Division. These emails are not from the @governmentlegal.gov.uk address and may ask for confirmation of personal information or provide false links or download attachments.

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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales.

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Trending Sources

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Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups

BurklandAssociates

Burkland’s Managing Director, Tax Practice, Ardy Esmaeili, CPA contributed an article to TechCrunch this month; Starting up remotely? Keep these labor laws and tax guidelines in mind. Our team has Read More. The post Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups appeared first on Burkland.

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IRS raids alliantgroup offices

Accounting Today

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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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Helping you win new business with beautiful quotes

Xero

Sending a quote is often the first digital interaction you have with a potential customer, so it’s important to make the right impression. We’ve made it easy in Xero – you can create a beautiful online quote in minutes, get customers to accept it on the spot, and quickly convert it into an invoice. To continue improving your experience, we’re introducing an exciting new feature and fresh design to quotes in Xero.

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Billionaire must stand trial in largest U.S. tax-evasion case

Accounting Today

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More Trending

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TIGTA faults IRS on security vulnerabilities

Accounting Today

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Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program

Anders CPA

A Missouri bill, HB 2400, could affect businesses across the state with several provisions impacting the R&D tax credit, Missouri Works program, the State and Local Tax Parity Act and more. The bill was recently voted on and now heads to Governor Parson’s desk for signature. New Missouri R&D Tax Credit. While Missouri offers a sales tax exemption for research and development (R&D) purchases made within the state, Missouri has been without a state R&D tax credit since the program

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KPMG fined £3.4M by U.K. over Rolls-Royce audit

Accounting Today

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Current Crypto Wash Sale Rules

Withum

If you’re an investor in cryptocurrency, you understand the current market has not been friendly. Most cryptocurrencies are currently down over 50% from their all-time highs. The term diamond handing is the belief that one should hold onto an asset that is currently losing value – and gets thrown around a lot during bear and bull markets. It is important to understand the current cryptocurrency rules that can provide a tax advantage to those who wish to continually hold their assets.

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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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MassCPAs awards $170K in scholarships

Accounting Today

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Introducing the Xero Stripe App in the new Stripe App Marketplace

Xero

We all prefer work to be streamlined and simplified, but businesses today use dozens of digital tools and services. Ranging from apps that help address your business and industry pain points to payment providers and accounting software, there are a number of solutions that can help business owners access critical information or improve their workflows.

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Academics at odds with IFRS Foundation trustees on sustainability reporting

Accounting Today

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The Benefits to Upgrading Your Business' ERP System

AccountingDepartment

If you are thinking about upgrading your ERP system to a newer version, here are a few reasons why that would be an excellent idea. Here's a list of seven reasons why people are upgrading worldwide.

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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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At Bonadio, recruiting and retention are everyone's responsibility

Accounting Today

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Best Practices: How to Organize Receipts Electronically

Patriot Software

The IRS suggests that you keep receipts and other records for gross receipts, purchases, expenses, assets, and any deductions you want to make (entertainment, travel, gift expenses, etc.). And as your business grows, tracking receipts can be a difficult task indeed. But, it’s getting easier with e-receipts. Want to go paperless? Read on for a […] READ MORE.

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McKinsey’s Paris offices raided in tax case

Accounting Today

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You're Keeping Your Money Where?

Intuitive Accountant

Paystub Now's Vladyslav Kushneryk muses on why the age-old tradition of keeping money under your mattress is still a thing.

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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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FAF drafts strategic plan for FASB and GASB, mulls ESG reporting

Accounting Today

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Are declining MSP revenues a profitability or a technical debt problem?

Accountant Advocate Submitted Articles

Decreasing MSP profits may be due to technical debt which can be resolved by improving service delivery and eliminating costly clients.

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In the blogs: War and pizza

Accounting Today

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Financial automation in not for profit organisations

Accounting for Good

The post Financial automation in not for profit organisations first appeared on ACCOUNTING FOR GOOD.

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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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Top 100 ProAdvisor Nancy D'Amato on Seeing the Big Picture

Intuitive Accountant

As we move closer toward a sense of normalcy, we asked some of our Top 100 ProAdvisors to reflect on the challenges they have seen over the last 18-plus months. Here’s more in our series on how some of them weathered the storm.

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Assessing Floor-Plan Debt

Withum

If you own a well-established automobile dealership and have a strong credit rating; it is likely that you are carrying floor-plan debt that you rarely think anything about. Based on history, one may assume that the debt being carried is secured by specific automobiles included in the inventory of new and used vehicles. Be warned that this may not be a valid assumption.

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Top 100 ProAdvisor of the Year Nancy D'Amato on Seeing the Big Picture

Intuitive Accountant

As we move closer toward a sense of normalcy, we asked some of our Top 100 ProAdvisors to reflect on the challenges they have seen over the last 18-plus months. Here’s more in our series on how some of them weathered the storm.

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Dealership Fraud: Post-COVID Risks, Detection and Response

Withum

The 2022 Association of Certified Fraud Examiners’ Report to the Nations (“ACFE Report”) estimates that the average fraud scheme lasts 12 months, costing organizations a median loss of $117,000 per case before detection. However, frauds committed by long-tenured employees and those with a higher level of authority are responsible for even higher losses.

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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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Tracking Time Across the Globe

Intuitive Accountant

How Everhour is helping organizations everywhere equips their teams with the right tools to streamline timekeeping, and manage work hours, attendance and budgets seamlessly.

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Which Big 4 Firm Had the Most Elijah Watt Sells Award Winners in 2021?

Going Concern

For years I would copy paste the entire list of Elijah Watt Sells Award winners on this here website even though I’m sure winners Googling themselves were the only ones reading said list. This year I’m continuing the tradition from last year and skipping past that to get right to the one thing all you p **g contest enthusiasts really want to know: which Big 4 firm scored the most Elijah Watt Sells winners in 2021?

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Accounting for a Retail Store: an Ultimate Guide

Snyder

As a business owner, you want to run your company as efficiently as possible. That means hiring a knowledgeable staff that can assist with accounting tasks. However, depending on where your retail store currently is from a revenue standpoint, bringing on a team might not be possible. The good news is that there are several accounting processes you can do yourself.

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What’s better than a Memorial Day sale? How about a discount on your 2022 California business income taxes?

LSLCPAs

Q: What’s better than a Memorial Day sale? A: A day at the beach? The first great BBQ of the summer? A discount on your 2022 California business income taxes? Q: Wait a minute! Is California really having a sale on business income taxes? Can I really get a discount? A: No, not technically. But. The post What’s better than a Memorial Day sale?

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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.