Thu.Oct 19, 2023

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Accountants on Why They’re Leaving: ‘The Hours Are Long and Unreasonable, Compensation Is Low’

Going Concern

“The number-one trend is that the candidate is in complete control…because the unemployment rate is lower in accounting and finance than it’s ever been.” That’s a quote from a Robert Half recruiter in the Talent Retention in the U.S. Accounting and Finance Profession study released a few days ago, a collab between IMA and Robert Half (and about two dozen research partners, mostly state societies).

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Fresh Fraud Schemes for Small Businesses to Watch Out For

RogerRossmeisl

When it comes to fraud, it may seem there’s nothing new under the sun. Unfortunately, fraud perpetrators are always finding novel ways to swindle businesses. Here are some recent scams — and how your business can protect against them. Influencer shakedowns Scam: So-called social media influencers ask restaurants and bars for complimentary meals and drinks in exchange for “free” publicity on platforms such as TikTok and Instagram.

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Sales Tax Horror Stories: Notices

TaxConnex

Often as things change in sales tax – and they change often – one constant keeps lurching along. Tax jurisdictions love to send notices, and usually it’s to say “Boo!” and not just “Hi.” True, notices can simply be a way for tax jurisdictions to get in touch with you and require no fast action on your part. The scary-looking official piece of paper (if it even arrives on paper – many notices are electronic now) might only be informing you of something as routine as use of a new form or a reminde

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Corporate Transparency Act presents opportunity and risk for firms

Accounting Today

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

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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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New ERC Withdrawal Option

Withum

The IRS announced a processing moratorium on employee retention credit (ERC) claims on September 14, 2023. As part of that press release, the IRS announced that it was planning to issue two different settlement initiatives in the coming weeks/months. The first is a settlement program for taxpayers whose ERC claims have already been processed and paid, and the taxpayers deposited the check(s).

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IRS offers process for withdrawing bogus ERC claims

Accounting Today

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills.

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More Trending

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Companies shifting disclosures in response to SEC cybersecurity rules

Accounting Today

New cybersecurity rules from the Securities and Exchange Commission are already prompting companies to put more emphasis on the topic in their disclosures.

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ADP Adds HCM Solution for Construction Industry

CPA Practice

Payroll, HR, and benefits software provider ADP has launched a human capital management solution specifically for the unique needs of construction firms. ADP Workforce Now for Construction includes features for job costing, payroll, HR, worker development, managing government compliance and reporting, worker recruiting and retention, union management, and multi-job site management.

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Tax Fraud Blotter: Financial educations

Accounting Today

Twice as nice; fuelin' around; before the Inc. dries; and other highlights of recent tax cases.

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Looks Like PwC Australia Is Getting in Trouble With the PCAOB For Failing to Report an ‘Event’

Going Concern

An “event” is putting it lightly. As you all know by now the PwC Australia tax scandal continues to claim victims and slander the good name of consultants everywhere. In yet another senate inquiry last week, former CEO Luke Sayers got beat up a little by senators sick of hearing “I don’t recall” from former and current senior leadership: Something else came out of those hearings, too.

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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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Gemini, DCG sued by NY for alleged $1.1B crypto fraud

Accounting Today

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

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ADP Launches First All-in-One HCM Solution for Construction Industry

Insightful Accountant

ADP Workforce Now for Construction is the first comprehensive HCM solution built for the unique challenges of the construction industry.

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What Mid-Market Companies Should Look for in Advisory Services

GrowthForceBlog

According to data from the U.S. Bureau of Labor Statistics (BLS), roughly 20% of new businesses fail during the first two years of operations.

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Terlato Wine Group is 'Suite' on NetSuite

Insightful Accountant

Following up on his trip to 'SuiteWorld 2023,' Murph gives you a first-hand impression of how Terlato Wine Group is benefiting from its transition to NetSuite.

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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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Unleashing Business Success with Financial Planning and Analysis

AccountingDepartment

No business model works without effective financial management. Every organization must be able to allocate its resources and make informed decisions. Financial Planning and Analysis (FP&A) has become increasingly important in driving business success. It is vital for long-term growth. FP&A is a data-driven approach to financial management, which allows organizations to make informed decisions to improve their profitability.

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AuditBoard Announces AI and Analytics Capabilities

CPA Practice

AuditBoard , a provider of cloud-based platform transforming audit, risk, compliance, and ESG management has added new capabilities purpose-built to enable teams to automate critical workflows, surface key strategic insights, and stay on top of proliferating risks. The announcement took place at AuditBoard’s annual Audit & Beyond conference, a hybrid in-person and online gathering of thousands being held in San Diego, California through October 20.

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Anti-Money Laundering (AML) Model: Validation and Optimization Best Practices – Part 1

Cherry Bekaert

The latest episode of our Risk & Accounting Advisory podcast begins the first of a two-part series where Nate Regimbal , Digital Advisory New Practices & Solutions Leader, joins Alan Swan , Digital Advisory Managing Director, along with Audrey Magennis and Dan Gallagher from the Firm’s Information Assurance & Cybersecurity practice, to discuss Anti-Money Laundering Model (AML) Validation and Optimization best practices.

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Sales tax complexity and the vanishing accountant

Accounting Today

As more accountants retire or move to other fields, their valuable insights into sales tax management are lost.

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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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Right Networks Rebrands as Rightworks

Insightful Accountant

The rebranding unveils an improved and unified customer experience to propel the accounting profession forward.

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The mystery of FTX's missing $9B is unraveled

Accounting Today

In court, a forensic accountant tried to explain what happened to the customer funds that were missing before the crypto exchange filed for bankruptcy.

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How to Choose the Best Accounts Payable Software Solution

MineralTree

Accounts payable (AP) is a critical business function, responsible for protecting cash flow, maintaining good relationships with vendors, and ensuring compliance with financial regulations. However, the traditional manual approach to AP can be time-consuming and error-prone, meaning AP teams are spending valuable time on tedious tasks such as data entry, reconciliation, and chasing approvals.

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Cherry Bekaert acquires PKF Mueller

Accounting Today

The Top 30 Firm is buying a Regional Leader with offices in Illinois and Florida.

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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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5 Reasons to Consider M&A—Even When Staffing Challenges Both Sides

CPA Practice

By Ira Rosenbloom. It’s no secret that staffing is a perpetual concern of CPA firm leaders. In fact, a recent poll of 250 top CPA firm leaders in the U.S. reported that fewer than 1% of those polled said they were able to find the staff they needed to run effectively. Couple that with high turnover, retirements—and some issues with employee satisfaction and morale—and you start to question the viability of M&A for so many practices.

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Lawmakers introduce Taiwan tax relief bill

Accounting Today

The bipartisan legislation would relieve double-taxation of investments between the U.S. and Taiwan for businesses and employees.

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What’s New in QuickBooks Desktop 2024: An Overview

Ace Cloud Hosting

Intuit just released the latest version of QuickBooks Desktop. Boasting the latest features, QuickBooks Desktop 2024 is a significant upgrade over previous versions. It offers several new features and benefits.

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What is bond amortization?

ThomsonReuters

Jump to: What is amortization of a bond? Are bonds payable amortized? How to calculate bond amortization What is a sinking fund? Managing amortization of bonds Do you have clients looking to issue bonds? Bonds are generally thought to be lower risk than stocks, which makes them a popular choice among many investors. And for companies issuing a bond, bond amortization can prove to be considerably beneficial.

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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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Effective Meetings: Maximize Productivity and Engagement 

Dent Moses

Meetings are on the rise and essential to our modern work culture. However, poorly managed meetings often lead to wasted time and frustration. When considering scheduling a meeting, first ask yourself if a meeting is necessary. If yes, try to limit the number of attendees and make it as efficient as possible. Tips for more effective meetings: Set Clear Objectives and Provide an Agenda in Advance: Create a detailed agenda outlining each topic of discussion.

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Versapay Named First NetSuite Partner for Automated Payment Processing

CPA Practice

Versapay has become the first NetSuite partner to support NetSuite Pay, an embedded finance service which enables businesses to accept card payments and reduce manual receivable processes. Offered within NetSuite, NetSuite Pay powered by Versapay extends NetSuite’s enterprise resource planning (ERP) , customer relationship management (CRM), and SuiteCommerce solutions to help businesses further simplify payment processing.

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Guide: Navigating the Latest ESG Regulations- Transforming Obligation into Opportunity

Withum

A Comprehensive Guide for U.S. Companies Navigating the New Landscape of Global Sustainability Regulations and Standards Download Guide The global landscape for climate and sustainability reporting is evolving at an unprecedented rate. Thousands of companies in the United States are directly impacted, usually through data requests from their large, publicly traded clients.

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Modern Wealth Management Acquires Martin James Investment & Tax Management

CPA Practice

Modern Wealth Management , a national registered investment advisory firm, has acquired Indianapolis, IN-based Martin James Investment & Tax Management, an integrated tax, wealth management and planning firm serving over 400 families, individuals and business owners. Through this acquisition, Modern Wealth now gains a highly capable tax strategy and preparation team, with the added benefit of financial planning and investment management expertise.

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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.