Accounting Today

SEPTEMBER 8, 2022

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TaxConnex

SEPTEMBER 8, 2022

Businesses who sell over the internet must pay a lot of attention to far-flung economic tax thresholds – all states with a state wide sales tax and more than a few localities enforce them now – so it’s easy to overlook a more-obvious tripwire like physical presence. The Sales Tax Institute claims that one of the biggest misconceptions in the wake of the Supreme Court’s Wayfair decision is tax-collection requirements triggered by physical nexus (aka “physical presence”) no longer apply.

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VetCPA

SEPTEMBER 8, 2022

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Read on to see if you’re making any of these mistakes and how to avoid them in the future. 1. You don’t take bookkeeping as seriously as you should. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business.

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small business accounting business accounting bookkeeping Account 130

Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. They are used to assist in raising money or obtaining loans. Without some form of independent assurance, capital acquisition would be delayed, made more cumbersome, and there would be added due diligence costs. Tonight I will conduct my second Auditing class session of this semester at Fairleigh Dickinson University, and I will be teaching what the auditor’s opinion means and what auditors do to arrive at their opinion.

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accounting principles auditor financial statements audit 119

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.

Account

Going Concern

SEPTEMBER 8, 2022

If you thought the AICPA’s only job is gatekeeping the CPA exam and selling you insurance offers you are WRONG. They also write strongly-worded letters, sometimes on behalf of our nation’s CPAs or, as in the case of this latest letter, on behalf of American taxpayers. Let’s see what they’ve been up to. From the news release : The American Institute of CPAs (AICPA) submitted comments to the Department of the Treasury and the Internal Revenue Service (IRS) requesting update

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cpas CPA Tax Account 116

Xero

SEPTEMBER 8, 2022

When it comes to understanding practical opportunities for up and coming decentralised technologies like blockchain, cryptocurrencies and smart contracts – there’s a lot to take in. Add in the potential challenges that businesses might have incorporating these offerings in the future, it’s no surprise that there are more questions than answers among our community.

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Technology accounting and finance bookkeeping audit 105

Xero

SEPTEMBER 8, 2022

Part of Xero’s approach to sustainability includes helping our partners, customers and other small businesses on their sustainability journey, by providing education and resources about how to operate in socially and environmentally responsible ways. We’ve heard from small businesses that they want to operate more sustainably, but many don’t know where to start.

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bookkeeping Education small business accounting Government 105

Accounting Today

SEPTEMBER 8, 2022

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audit Account accounted accountant 98

Xero

SEPTEMBER 8, 2022

Today, we wrapped up Xerocon Sydney, the third and final Xerocon for this year. Over the last two days we have come together with over 3,000 of our Aussie, Kiwi and Asia-based accounting and bookkeeping partners, app partners and Xeros to get inspired, to learn and most importantly to reunite as a community. It’s been three years since our last Xerocon in this part of the world and we enjoyed every minute of being together again.

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bookkeeping Maine payroll Start-ups 105

ThomsonReuters

SEPTEMBER 8, 2022

QUESTION: One of our DCAP participants has submitted a reimbursement claim that includes a $20 “late fee.” This charge is in addition to the regular monthly day-care fee for the participant’s child and appears as a separate entry on the statement from the day-care center with no further explanation. Can we reimburse it? ANSWER: It depends on what the charge is for.

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Tax Account accounted accountant 98

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.

Finance

Xero

SEPTEMBER 8, 2022

A person’s career path doesn’t necessarily travel in a straight line. There can be twists, turns and unexpected junctures in which you find yourself enamoured with a field you never considered before. This was the case for Marykate McAndrew, founder of DS Business Support. Here, Marykate tells us about her journey from hair salon owner to founding her own bookkeeping business, and how Xero is helping DS Business Support best serve its clients.

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bookkeeping Start-ups Education Account 98

AccountingDepartment

SEPTEMBER 8, 2022

Operating a business comes with many demands. Whether you are a smaller start-up or an established medium-sized business, many sides of the business need to be successfully addressed. Things like bill payments, employee management, and long-term growth are just some of these things that a business owner needs to have a handle on.

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Account accountant accounted Start-ups 98

Going Concern

SEPTEMBER 8, 2022

This morning turned out to be a pretty big Big 4 news day. First, we had EY ’s top brass approving splitting its auditing and consulting businesses (no surprise here). Then we had Deloitte announcing its global revenue for 2022 —and it’s a record amount (no surprise here either). The Green Dot pulled in $59.3 billion in revenue for the financial year ending May 31, an 18.1% increase over 2021 ’s haul of $50.2 billion.

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audit Legal accounting firms Government 98

Accounting Today

SEPTEMBER 8, 2022

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accounting standards Account accountant accounted 98

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.

Finance

AccountingDepartment

SEPTEMBER 8, 2022

While a company's Chief Financial Officer (CFO) and its controller both oversee and manage accounting processes for an organization, their roles are very different. Understanding the differences is important when you're considering outsourcing accounting services.

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Accounting Today

SEPTEMBER 8, 2022

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accounting firms Account accountant accounted 98

Intuitive Accountant

SEPTEMBER 8, 2022

The 'Insightful Accountant Payroll Survey' takes aim at showing how today's firms are leveraging the service in their practices.

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payroll accountant accounted Account 97

GrowthForceBlog

SEPTEMBER 8, 2022

8 min read. The Great Resignation, The Big Quit, or the Great Reshuffle- whatever you choose to call it- continues to roll.

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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.

Intuitive Accountant

SEPTEMBER 8, 2022

You can secure a SuiteWorld On Air Discover Pass for Free. Learn how.

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Accounting Today

SEPTEMBER 8, 2022

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accounting firms Account accounted accountant 81

Intuitive Accountant

SEPTEMBER 8, 2022

We're gearing up for our next Future Forward Summit taking place October 4-5. The focus is on Firm Security and Staffing. Register today!

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Going Concern

SEPTEMBER 8, 2022

The Wall Street Journal is reporting that the EY split is moving forward thanks in part to the big wigs getting together over the holiday weekend to hammer out the plan. Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in more than 20 years, according to people familiar with the matter.

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audit accounting and finance Start-ups accounting firms 59

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.

Finance

Canopy Accounting

SEPTEMBER 8, 2022

Practice management is all about finding the most efficient ways to optimize and achieve your business goals. Effective practice management is the foundation of your accounting firm and can improve customer experience, employee satisfaction, improve productivity, and boost profitability. Nowadays, there are tools and software to help accounting firm’s accomplish these goals.

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accounting firms accountant accounted Account 52

Withum

SEPTEMBER 8, 2022

In this post, I will review each of the Power Platform environments and discuss best practices for their use in helping you avoid any gotchas and data loss. If you don’t know anything about Power Platform environment types, you might want to read my prior blog post, What IT Professionals Need to Know About Power Platform Environment Management first.

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Start-ups Technology Government Account 52

LSLCPAs

SEPTEMBER 8, 2022

Executive Summary The pandemic thrust LSL CPAs into a Working From Home staff situation much like the rest of the world, and our firm continues to work mainly in a remote environment. Now that we’ve had some time to reflect and sort through some initial challenges, we thought it might be a good time to. The post How We Made Work From Home Work for Us… And How You Can Too!

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DMCL

SEPTEMBER 8, 2022

As part of Victoria’s Rifflandia music festival, Vancouver singer-songwriter and Side Door cofounder Dan Mangan will facilitate a City of Victoria Music Symposium titled Life on the Road: Touring Wellness. The event–which takes place on September 17 at 10 am at the Victoria Event Centre–will feature discussions with publicist Neesha Hothi of Neesh Communications, accountant Donna Branston of DMCL, recording artist Kandle, producer-performer-facilitator Francis Arevalo of Creat

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Georgia Account accounted accountant 52

Advertiser: Paycor

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.

Going Concern

SEPTEMBER 8, 2022

This announcement is the most exciting thing since…uh…yeah, I got nothing. Anyway, the EY split is official. The vote, that is. “EY leaders have reached the decision to move forward with partner votes to separate into two, distinct, multidisciplinary organizations. The next steps include ongoing engagement with partners to provide them with more information in advance of the voting process.

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Patriot Software

SEPTEMBER 8, 2022

If you’ve ever sent an invoice to someone who planned to pay later, you’re probably using accrual accounting. It can be hard to keep track of finances when you’ve accrued payables and liabilities. But, using the matching principle can help you stay organized. The matching principle in accounting states that you must report expenses in […] READ MORE.

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accrual accounting Account accounted accountant 52

Withum

SEPTEMBER 8, 2022

Selling a closely held business isn’t significantly different from selling publicly traded stocks – you never want to exit at a low, if it can be avoided – but are you sure you’re exiting near the high? Due to unforeseen fallout from the COVID-19 pandemic, many industries contemplating “end of days” scenarios two years ago are operating at all-time high profitability levels.

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Sales 52

ThomsonReuters

SEPTEMBER 8, 2022

HHS Resolution Agreement: New England Dermatology, P.C. (July 26, 2022); HHS News Release (Aug. 23, 2022). Available at [link]. HHS’s Office for Civil Rights (OCR) has announced a $300,640 settlement with a medical facility (a HIPAA covered entity) to resolve alleged violations of the HIPAA privacy rule. OCR began its investigation after the facility filed a breach notification report stating that empty specimen containers labeled with protected health information (PHI) had been placed in a dum

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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.

Technology