Thu.Mar 02, 2023

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End of tax year planning strategies for 2022/23

Wellers Accounting

Tom Biggs ACA CTA , highlights the different considerations and strategies that need to be reviewed for effective end of year tax planning.

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Women in finance: Breaking barriers and driving change.

Airbase

We all know the story: women and minorities are underrepresented in top finance and accounting roles, and even though their representation has grown, a yawning gap persists within senior positions and salaries. Today, only 15% of Fortune 500 company CFOs are women, and women earn between 12% and 45% less than their male counterparts in many accounting and finance roles.

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Trending Sources

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‘Rage Applying’ is All the Rage

CPA Practice

By Alyson Watson, Inc. (TNS) The workplace has had its share of transformative trends over the last few years, from remote work and RTO (return to office) to the Great Resignation and quiet quitting. But the latest trend that many seem to be discussing is “rage applying,” made popular by viral TikTok videos from disgruntled employees who feel overlooked, undervalued or overworked and seek retribution by mass applying to open roles with higher pay and better perks.

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Layoff Watch ’23: BDO USA Cuts 85 People in Advisory, Wishes Them the Very Best on the Way Out the Door

Going Concern

Fresh off the rumor mill: BDO USA has cut 85 people from advisory, announced via internal email from brand new advisory head Eskander Yavar to all of his service line this afternoon. We were provided part of the email which reads: Today was a difficult day for our practice — we reduced our workforce by 85 professionals. Saying goodbye to colleagues is never easy, and we appreciate each individual’s contributions to our business and our firm.

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Planning Your Restaurants 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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Florida Man Gets 6 Years for PPP Fraud

CPA Practice

By Jay Weaver, Miami Herald (via TNS). A Broward County, Florida, man convicted of buying a Lamborghini and other luxury goods with $2 million in U.S. government loans meant for struggling businesses during the pandemic was sentenced Wednesday to six years in prison and ordered to pay back the money. Valesky Barosy, 28, who dropped out of high school and became president of a company known as VBarosySolutions Inc., was found guilty in December of wire fraud, money laundering and identity theft b

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New vs Returning Customers and How to Use Financial Data to Influence Your Marketing Direction

Snyder

As a business owner, understanding the differences between new and returning customers is paramount to driving growth and success. While new customers represent opportunities for growth and expansion, returning customers are the backbone of your business, providing steady revenue streams and brand loyalty. To effectively market to both types of customers, you need to understand their differences and how to use financial data to influence your marketing strategy.

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More Trending

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CMS Fact Sheet Addresses End of COVID-19 Public Health Emergency

ThomsonReuters

CMS Fact Sheet: CMS Waivers, Flexibilities, and the Transition Forward From the COVID-19 Public Health Emergency (Feb. 27, 2023) Available at [link] HHS’s Center for Medicare & Medicaid Services (CMS) has issued a fact sheet addressing the end of the COVID-19 public health emergency (PHE), which (along with the COVID-19 national emergency) is anticipated to end on May 11, 2023 (see our Checkpoint article ).

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Time to celebrate amazing accountants taking on industry challenges

Xero

Despite the fantastic work that accountants and bookkeepers do, the industry has an image problem. There’s still an old-fashioned perception, with little understanding of how you support small businesses and the wider economy. We know from our recent research – Five biggest hurdles hindering accountants – that recruitment is a key hurdle you face, and this misconception among the candidate pool isn’t helping.

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We talk customer journey’s and communications with Reckon’s Senior Marketing Executive

Reckon

We sat down with Reckon’s Senior Marketing Executive Jess Theuerjahr to chat about customer journeys, communications, email campaigns, and how to get inside the mind of your customers… As Senior Marketing Executive, Jess is primarily responsible for campaign execution, customer journeys, and website content management. Hey Jess, so what was it that drew you to get into marketing?

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Intuit Offers Free Services to Bolster Push for QBO Migration

Insightful Accountant

Intuit is offering free migration services for users of QuickBooks Desktop to take them to QBO from some Desktop versions. It also is offering free personalized setup for the same or similar users.

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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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The Importance of Fundraising Transparency

GrowthForceBlog

6 min read With about 1.8 million organizations listed as 501c3s, there are more nonprofit organizations in the United States than ever before, and the nonprofit sector continues to grow.

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PwC Australia Says It Will Not Be Firing People Just Because Client Work Slows Down

Going Concern

A few short weeks ago, KPMG US cut a few hundred advisory jobs and KPMG Australia followed close behind with a reduction of about 200 or two percent of its approximately 10,000 staff. This, they said, was due to a slowdown in consulting work. When Australian Financial Review wrote up the KPMG cuts , they mentioned that competitors at EY and Deloitte did not plan to cut jobs, despite having observed market conditions similar to those that spurred KPMG to cut people loose.

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CFOs’ Biggest Challenges in 2023: Inflation & Recession

MineralTree

The world of finance is constantly evolving, and this year is no exception. The new year brings fresh challenges for CFOs and finance teams, specifically around strategizing methods to minimize the pressures of recession and inflation. Keep reading to learn about these top challenges facing CFOs in 2023, as well as the steps leaders should take to prepare their organization and AP team for success.

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The bookkeeper embracing innovative service offerings

Xero

In recent years, many advisors have faced the pressures of being all things to all clients around the clock. But not Jeannie Savage. Through an expanded list of service offerings and a deep reliance on both tech and her team, she’s built a bespoke practice in Cloud 9 Strategic – and her dream lifestyle to boot. A few years ago, Jeannie Savage was at a local community salsa class when her dance partner inquired about what she did for a living.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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IRIS Software Group expands US business with Apex HCM acquisition

Accounting Insight

IRIS Software Group (IRIS), a leading global software provider of accountancy and payroll solutions, today announced it has acquired Apex HCM (Apex), a leading cloud-based HCM enterprise software provider for payroll service bureaus (PSBs) and Certified Public Accountant (CPA) firms. Founded in 2008, Apex’s software is used by over 250 PSBs and CPA firms across the US to provide payroll services to over 40,000 small and medium sized enterprises (SMEs).

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How an Internal Coaching Program Can Support Employee Wellbeing at CPA Firms

CPA Practice

By Sandy Torchia, Quartz (TNS) How do leaders role model prioritizing emotional and mental wellbeing for our teams? It’s a question I ask myself often in my role with talent and culture at KPMG US. The past two years have had a profound effect on our collective mental health. The number of U.S. adults who received treatment for mental health grew throughout the pandemic.

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Leveraging Cloud-Based Tech to Support Your Business

AccountingDepartment

Cloud-based technology has altered how modern-day businesses operate. From management to finance, everything has a place when it comes to recent software technology offerings. This goes for accounting as well. With the current technology and service offerings on the market, accounting is becoming simpler and much more effective for business owners.

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CBIZ and MHM Get a Makeover

Going Concern

CBIZ and MHM have finally ditched the ‘1999 amateur golf team’ logos and transported themselves into current day with a fresh new look to celebrate stellar performance and dynamic client service. Of course there are a pair of press releases to mark the occasion, here is MHM’s : Mayer Hoffman McCann P.C. (“MHM”) has updated its logo to represent the dynamic firm’s strong, sustained growth as well as its ongoing upward trajectory.

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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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What Are Starter 401(k) Plans Under the Secure 2.0 Act?

ThomsonReuters

QUESTION: We heard that the Secure 2.0 Act creates a new type of plan called a starter 401(k) plan. Can you tell us more about these plans? ANSWER: The Secure 2.0 Act establishes a new type of retirement plan called a “starter 401(k) deferral-only arrangement” (also called a starter 401(k) plan), effective for plan years beginning after December 31, 2023.

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The Easy Way to Invoice Processing

Insightful Accountant

How DocuWare is making wishes come true with modern invoice processing.

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Self-care for accountants: Know when to say ‘no’

ThomsonReuters

In any healthy relationship, both parties must understand boundaries, show mutual respect for one another, and effectively articulate their needs. These actions are not relegated to personal relationships alone. Working relationships, especially between a professional and their clients , should also follow this path to ensure a healthy bond. As accountants, we often get questions or requests from clients that are outside of the scope of our working relationship (i.e., billable activities).

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

Cryptocurrency is no longer a niche product. Crypto investments are now one of the hottest trends for businesses of all sizes — and the IRS has taken note. Cryptocurrency tax rules can be complicated and confusing, but you definitely need to report your crypto gains. Here’s a look at what happens if you don’t report cryptocurrency on taxes — along with answers to common crypto tax questions.

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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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Wait…What? Tax Season All The Way Through October 16th? Please Don’t Wait!

LSLCPAs

Yes, you read that right. Last Friday, the IRS issued IR 2023-33 that extended the date to file individual and business tax returns and pay all amounts due for taxpayers living or operating businesses in certain California counties that have been declared disaster-areas. The deadline had already extended to May 15, 2023. Now it’s October. The post Wait…What?

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Rootworks Empower 2023

CPA Practice

Empower is our much-anticipated onsite event that brings together accounting professionals, their staff and an abundance of engaging speakers. This event offers many opportunities for all attendees to dig deep into the “how” and the “what” behind building a modern firm. Receive expert guidance, actionable advice and tips to develop a plan and hit the ground running when you return to your firm.

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But Who’s Counting? Season 2 Episode 2: Preserving a Family Legacy One Hot Salami at a Time with Alex and Amanda Donley of Gioia’s Deli

Anders CPA

Running a family business is difficult but ensuring that the business grows and thrives through generations can feel impossible. Developing a sense of balance, settling on a vision and making hiring decisions to work smarter, not harder helped turn Gioia’s Deli into a multi-generational St. Louis institution. In this episode of But Who’s Counting? , host David E.

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Where Fine Dining Meets the Open Road: How to Run a Food Truck

Patriot Software

Chances are you’ve eaten at a food truck before. A food truck is a mobile restaurant, often selling food at designated areas, street corners, or festivals and special events. Food trucks may be a great way to turn your dream of owning a restaurant into a reality.

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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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Thousands of White Collar Workers Have Left Downtown San Francisco

CPA Practice

By Sam Moore SFGate, San Francisco (via TNS). Those working in downtown San Francisco abandoned the area in droves at the start of the pandemic, but exactly how many might surprise you. According to a recent report from the city’s Budget and Legislative Analyst, there are about 150,000 fewer office workers on any given workday in downtown San Francisco than there were before the pandemic.

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HHS Resumes Processing Some Surprise Medical Billing IDR Payment Determinations

ThomsonReuters

CMS Notice: Payment Disputes Between Providers and Health Plans (Feb. 24, 2023) Available at [link] HHS has resumed processing some, but not all, of the surprise billing independent dispute resolution (IDR) determinations that were recently suspended in response to a federal trial court decision vacating a portion of the final IDR regulations (see our Checkpoint article ).

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Claiming the WOTC While Hiring in Your Skagit County Business

SkagitCountyTaxServices

Firstly, we are barrelling towards the March 15th deadline for corporate tax returns. There’s a good chance that we’ll just put you right on extension, but if you have anything you need for us to know about your situation, please do let us know ASAP: app.acuityscheduling.com/schedule.php?owner=19530343 Secondly, how is your staff situation these days?

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How to Improve Time Between Purchases? Sales Metric for Purchase Impact

Snyder

It’s easy to get caught up in the thrill of acquiring new customers. At Digital Dawn Agency , we understand that very well. However, there’s a key metric that’s just as important as new customer acquisition, if not more so. That metric is time between purchases. In this article, we’ll discuss why time between purchases is an essential metric to consider when developing a marketing strategy.

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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.