Wed.Aug 09, 2023

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What Are The “Pay Versus Performance” Disclosure Rules?

Cherry Bekaert

Contributors: David Boyd , Senior Manager, Risk & Accounting Advisory Services | Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services The new pay versus performance disclosure within a company’s annual proxy statement is required by the U.S. Securities and Exchange Commission (SEC) Regulation S-K Item 402(v), effective in October 2022, and applicable for proxy statements filed for fiscal years ending on or after December 16, 2022.

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Unicorn secrets for effective change management everyone can learn from.

Airbase

Prospective unicorns focus on rapidly scaling their business to reach the elusive $1B valuation. However, in that rush, their infrastructure typically progresses in a painfully inadequate and often disorganized manner. Systems and processes are continually straining and require updating to respond to the ever-shifting demands created by growth. Effective change management recognizes that these changes, even positive ones, can be disruptive for employees.

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Vendor Spotlight: Stampli

Accounting Today

In this Vendor Spotlight we hear from Eyal Feldman, co-founder and CEO of payment solutions provider Stampli.

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Which Firm Had the Most IPO Audit Clients In Q2 2023?

CPA Practice

It was another weak quarter for initial public offerings (IPOs) as 34 deals raised a combined total of $7.4 billion between April 1 and June 30, according to a recent analysis from Audit Analytics. The 2023 second quarter IPO output is the lowest in the past five Q2s: 2023: 34 ($7.4 billion) 2022 : 46 ($5.3 billion) 2021 : 181 ($85.7 billion) 2020 : 62 ($18.5 billion) 2019 : 79 ($32.7 billion) And the 34 IPOs in Q2 is down from the 46 that occurred in the first quarter of this year.

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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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IRS warns of tax compliance issues at ESOPs

Accounting Today

The Internal Revenue Service is cracking down on the use of employee stock ownership plans as a way to avoid taxes.

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Key Strategies for Retaining and Advancing Women in the Workplace

CPA Practice

By Jennifer Arbore, Partner at The Bonadio Group. Though gender equity continues to improve across corporate America, women consistently remain underrepresented in key leadership roles. For example, even though women make up more than half of the workforce in the United States, just 35% of top management positions are held by women. This gender disparity is reflected in the accounting industry, with the AICPA 2021 Trends Report revealing that women make up just 39% of partners at CPA firms in th

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American Credit Card Debt Tops $1 Trillion for First Time

CPA Practice

By Alex Tanzi, Bloomberg News (via TNS). Credit-card balances surpassed $1 trillion for the first time last quarter in data from the Federal Reserve Bank of New York, showing how even more widespread credit has become among American consumers as the U.S. economy recovered from the pandemic. Balances increased by $45 billion, the most of all debt types, to $1.03 trillion in the second quarter, the New York Fed said in a report Tuesday.

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Insights Into DCAA’s Report to Congress for Fiscal Year 2022

Cherry Bekaert

The Defense Contract Audit Agency (DCAA) recently released its Fiscal Year 2022 Report to Congress. By law, the DCAA is required to submit an annual report detailing the DCAA’s activities for the previous year. In this episode of Cherry Bekaert’s GovCon Podcast, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s GovCon practice who spent 13+ years with the DCAA and held various positions su

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California Considers Giving Tax Exemption to Military Pensions

CPA Practice

From Kiplinger Consumer News Service , via TNS. Military retirees residing in California potentially pay more taxes on their military retirement pay than they would in other states. That’s because California is the only U.S. state that fully taxes military pensions. ( The District of Columbia does as well. ) But proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.

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These Firms Are Cheap AF With the Deferred Start Date Stipends

Going Concern

Remember when your grandma would slip a $5 bill in your birthday card and tell you not to spend it all in one place and you, the ungrateful child that you were, internally sneered that five bucks barely covers a soda and a candy bar? That was different because your parents paid your rent and all your income was discretionary, now that we’re adults with apartment leases and student loans we actually need money hence why we work in the first place.

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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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State CPA Societies in Action: New Jersey Society of CPAs (NJCPA)

CPA Practice

“The NJCPA has a rich history of member service, cultivating community and helping to foster the next generation of accountants and CPAs,” said Aiysha (AJ) Johnson, MA, CEO and executive director of the NJCPA. “Unprecedented change is underway in the accounting profession, but we remain committed to our mission and will continue to provide exceptional learning experiences, an inclusive welcoming community, and tools and resources for our members and customers, as well as serve as the voice for N

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Creativity and closing the accounting talent gap

Accounting Today

Firms need to engage in a systemic overhaul of how they pull individuals toward the profession, keep them in it, and use them as advocates to bring others into the space.

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Bridging the Gap Conference – August 29-30, 2023

CPA Practice

The Unique CPA ’s 3rd annual conference, Bridging the Gap , is set to make history this year with its highly anticipated first-ever in-person gathering. Take advantage of an exceptional opportunity to experience three days of meaningful discussion and interaction in our nation’s charming Windy City, Chicago, Illinois. This is your chance to link arms with colleagues from diverse backgrounds and come together for a common purpose – to learn, network, bridge generational gaps, prioritize health, a

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Equity Compensation Alternatives for Technology Founders

Cherry Bekaert

In the beginning stages of a technology company’s formation – and sometimes even into its maturity – the options for ownership and structuring can get complicated. In some cases, having ownership in a company may not be as lucrative as maintaining employee status in the short run. However, foregoing some tax-preferred employee benefits may be worth the trade-off for an ownership stake.

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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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Gear Up for the Ultimate Year-End Marketing Showdown – Turning Numbers into Opportunities

CPA Practice

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. That doesn’t mean putting off your marketing initiatives until next year. Now’s the time to gear up for your year-end marketing showdown. Content is King One thing B2B companies have is content…and a lot of it. Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight,

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How Your Firm Can 100% Automate This Marketing Activity

Ryan Lazanis

Firm owners often struggle with marketing. In this episode, I discuss how I use AI to automate my podcast marketing and how you can implement the same without being an expert. Listen Below. 1:10 – The usual podcast production process involves brainstorming, scripting, recording, and editing by a virtual assistant. However, the current episode breaks this pattern, as it’s created by AI, including the voice. 1:42 – Creating a podcast requires topics, which can be challenging to g

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AuditClub Unveils AuditClub Ally to Align Audit and Accounting Professionals

Insightful Accountant

AuditClub Ally establishes alliance program to advance AuditClub’s mission to make accounting and auditing better

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Top 3 Questions to Ask When Outsourcing a Financial Controller

IgniteSpot

Accounting services provide way more than standard accounting. Businesses like yours can outsource just about any financial role: accountants, bookkeepers, CFOs—stop us if this sounds too much like Bubba Gump shrimp.

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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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Why Skagit County Married Owners Might Choose the QJV Route

SkagitCountyTaxServices

Remember three years ago when you depended on Zoom for work meetings and virtual schooling for your kids? While you’re probably really grateful the second one isn’t a reality anymore, the first one still had its appeal (unless something like this happened). Working from home had its perks. In a stroke of irony, the company that enabled us all to work from home during the era of social distancing recently started requiring their employees to spend some time in the office.

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NetSuite Now Running in Oracle Cloud Regions in Toronto and Montreal

Insightful Accountant

As part of Insightful Accountant's "International Coverage" we wanted you to know that for the first time, NetSuite is now running in Canadian data centers to meet their growing customer base.

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Big Four data fuels new generative AI bots

Accounting Today

The Big Four have a major advantage over others when it comes to building generative AI models: decades worth of financial and business data.

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Best business banks of 2023

xendoo

The biggest rule of thumb when running a company is to keep your personal and business finances separate. To do that, you need to choose the best business bank for you, which may not be the same one you use for your personal finances. Business bank accounts have different terms and benefits than personal accounts. As an online accounting service , Xendoo works with many companies and business banking services.

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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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Cybersecurity for CPAs: Don't recycle passwords

Accounting Today

Using the same password for both your email and bank account can cost millions of dollars.

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What is the new income tax exemption self-assessment process for NFPs?

Accounting for Good

NFPs are now required to report self-assessments of income tax exemption to the ATO. What do these changes mean for your NFP organisation?

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Intuit is 'Turning Out the Lights' in France

Insightful Accountant

Intuit has decided to pull the French version of QuickBooks out of France at the end of 2023.

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What is the new income tax exemption self-assessment process for NFPs?

Accounting for Good

NFPs are now required to report self-assessments of income tax exemption to the ATO. What do these changes mean for your NFP organisation?

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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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Maximizing Profits and Minimizing Stress with QuickBooks for Web Design Business

Steve Feinberg

Running any business is a challenging endeavor, but running a small web design business can be especially tough. In addition to creating visually stunning websites for clients, business owners must also manage the financial side of operations. From invoicing to income tracking, bookkeeping, and tax preparation, the financial aspects of running a web design business can be time-consuming and complicated, even for the most organized business owners.

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KPMG participates in 700 volunteer activities for Community Impact Day

Accounting Today

KPMG employees donated their time to over 475 nonprofits for the firm's second Community Impact Day, an annual volunteer day of community service.

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RSM US Reaches Revenue of $3.7 Billion in FY 2023

CPA Practice

RSM US reported revenue of $3.7 billion for its 2023 fiscal year—which concluded on April 30, according to the Chicago-based firm’s newly released impact report —up from $3.3 billion in 2022. Brian Becker “Here at RSM, we provide both leading insights and compelling solutions to help our clients and our teams rise to meet challenges. A few examples from this year include our work around economic headwinds and our support of clients during the banking crisis,” Brian Becker, RSM US managing partne

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High schoolers explore accounting with MassCPAs

Accounting Today

The Massachusetts Society of CPAs hosted the Accounting Careers Exploratory leadership program for 26 high school students in partnership with Suffolk University.

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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.