Thu.Nov 10, 2022

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New filing season presents new risks to accountants

Accounting Today

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Get to Know TaxConnex: Partner Q&A Series - Robert Dumas

TaxConnex

Looking to find out more about TaxConnex? What better way than hearing from our Founders and partners? Learn from the best by hearing from the ones that built TaxConnex. Over the next few months, we will be highlighting the Partners of TaxConnex. First up, our Founder and CEO, Robert Dumas. Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years.

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Trending Sources

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Happy International Accounting Day!

Going Concern

It was on this date in 1494 that homie to Leonardo da Vinci, Venetian mathematician, and “Father of Accounting” Luca Bartolomeo de Pacioli published Summa de arithmetica, geometria, proportioni et proportionalita (or “everything about arithmetic, geometry and proportion”), making November 10 the day we celebrate…accounting.

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Supporting Our Veterans With Operation Hat Trick

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Supporting Our Veterans With Operation Hat Trick appeared first on Withum.

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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 still coping with millions of unprocessed tax returns

Accounting Today

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Whistleblowers in Tax Matters

Withum

“We don’t pay taxes. Only the little people pay taxes.” That infamous quote from Leona Helmsley sums up the (mostly unspoken) opinions of many taxpayers. Unfortunately for them, there are people in their lives with the knowledge that they have engaged in tax evasion. These people can make a call to the IRS and become a whistleblower. That decision can be lucrative for the whistleblower and expensive for the taxpayer.

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More Trending

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Are Health Plans Required to Cover Emergency Contraceptives?

ThomsonReuters

QUESTION: Is our group health plan required to cover emergency contraceptives, including those that are available over-the-counter? ANSWER: Consistent with Health Resources and Services Administration (HRSA) guidelines, nonexempt health plans must cover without cost-sharing FDA-approved emergency contraception (levonorgestrel or ulipristal acetate), including over-the-counter (OTC) products, when the product is prescribed by an attending provider.

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Tax Fraud Blotter: Treasure this

Accounting Today

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More About QuickBooks Enterprise Data Level Permissions

Intuitive Accountant

Sometimes, unless you look for things, you don't see the changes that have come along. This is one Murph expected, but never wrote about it until now—even though it was released in v21-R4.

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Xero names next CEO

Accounting Today

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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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ADC Attends The Genius Network Annual Event

AccountingDepartment

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.

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Inflation slows more than forecast, gives Fed downshift room

Accounting Today

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Schedule K-2/3 Is Back for 2022 With a Bite

Withum

If you were one of the many that were hoping the IRS would scrap the schedule K-2/3 after last year’s nightmare, it’s back and with a bite. Read further to learn how it impacts you and your business. . The IRS released an early draft of updated instructions for Schedule K-2/3 on October 25, 2022. The updates include clarification of reporting for ownership of foreign entities and new exceptions to filing requirements. .

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Daniel Werfel nominated as next IRS commissioner

Accounting Today

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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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Office 365 Task Management: What You Already Have at Your Fingertips

Withum

Do you have Office 365 , but are using another digital system to keep track of daily job duties or project activities? With your license, Microsoft delivers many different task and project management tools. From the simple flagging of emails in Outlook to simple or customized SharePoint lists to Microsoft Project. A project management tool focused on Office 365 users is Microsoft To Do and Planner.

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10 NJCPA members win help with CPA exam costs

Accounting Today

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How best-in-class tax software saves companies time and money

ThomsonReuters

In any large company, the idea of achieving greater “efficiency” is really an ongoing effort to increase profitability by finding ways to modify various systems, processes, and workflows in order to save time and money. Tax departments must also take into account external factors such as inflation and rising interest rates, which add pressure to contain costs and minimize leakage.

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20 Days to a Better Firm: Try something new

Accounting Today

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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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Improving the Customer Experience for Your Accounting Firm by Saving Time with Automation

Analytix Finance & Accounting

The earliest forms of accounting date back to ancient Mesopotamia. In those times, ruling leaders trusted and highly regarded individuals who oversaw financial matters. Today, accounting is a significant field with millions of CPAs in the world and a shift to the customer experience. Nowadays, individuals who pay for a service want the best experience possible as they know they can take their business virtually anywhere.

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Lack of diversity seen as a major barrier in accounting

Accounting Today

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8 Steps to Avoid Duplicate Payments

MineralTree

Duplicate payments are a huge headache for accounts payable departments and their vendors. For AP teams, they lead to wasted time and money and strained supplier relationships. But in order to eliminate the potential of duplicate payments, your organization must understand where they come from and how they occur. Let’s take a look at the steps AP departments can take to avoid duplicate payments and improve AP efficiencies across the organization.

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AICPA & CIMA offer ESG certificate program

Accounting Today

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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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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. This may result in serious problems with dire consequences. Poor tax planning can result in high penalties with accruing interest rates to the IRS.

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Categorization History in QuickBooks Online: A Neat Time-Saver

Intuitive Accountant

Internationally renowned ProAdvisor Esther Friedberg Karp discusses a clever feature in the QBO bank feeds that you may have missed—like she did. But oh it works.

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The Accountant Shortage Makes One Office Get Really Desperate

Going Concern

You know how if you’re on Tinder for a while and you’re not getting many matches because your standards are too high so you widen the net a bit and start overlooking things like “if you can’t handle me at my worst, you don’t deserve me at my best” in people’s bios? Well that’s pretty much what’s happening in accounting right now.

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5 Steps to Increase Your Client’s Business Value

Intuitive Accountant

Hayden Nelson & Yoder's Christopher Hayden runs down the key ingredients for helping your clients keep their businesses running more efficiently for the road ahead.

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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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Ready to Give Back? Learn How to Start a Nonprofit Organization

Patriot Software

Have you ever thought about giving back to the community? A nonprofit organization is a perfect way to do that. Nonprofit organizations further a so[link] cause or provide a public benefit, like a hospital or a public school. There are several different types of nonprofit organizations to choose from. But before giving back to the […] READ MORE.

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APPS Directory Spotlight — Doc.It

Intuitive Accountant

See how one of the leading providers of powerful and scalable document management, workflow and portal solutions is helping accounting firms of all sizes stay efficient.

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Illinois Secure Choice Deadline for Small Businesses Has Passed, But There’s Still Time to Register to Avoid Penalties

Anders CPA

Illinois businesses should be aware that an important deadline to register for Illinois Secure Choice has already passed, but there’s still time to ensure your business won’t face exorbitant fees for not registering. All employers that have been in operation for at least two years and employ 16 or more employees must, as of November 1, 2022, offer a retirement plan such as a 401(k) or a 403(b) among other options.

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Industry Accounting Salary Outlook for 2023 is Not Horrible

Going Concern

Unless you have the word “chief” in your job title, accounting salaries in industry for 2023 are projected to be higher than in 2022—including 11 roles that are expected to have double-digit increases, according to our analysis of the 2022 and 2023 Accounting & Finance Salary Guides from LHH Recruitment Solutions (formerly Accounting Principals).

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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.