Fri.Sep 16, 2022

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IRS Notice of Deficiency – Help Rights &Options

MyIRSRelief

Receiving an IRS Notice of Deficiency, also known as a “90-day letter,” is a serious matter that requires prompt attention. If you receive this notice, it means that the IRS has determined that you owe additional taxes and that you have 90 days to either pay the amount in full or file a petition with the U.S. Tax Court. If you need tax representation, call us at 1-877-78-TAXES [1-877-788-2937].

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Expanded 45L and 179D energy efficiency tax breaks have implications for real estate owners

Accounting Today

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Equifax Verification – A QuickBooks Desktop 2023 Feature

Intuitive Accountant

New for 2023, QuickBooks has partnered with Equifax to automate employment and income verification. No data is shared unless the employee specifically makes a request. Employers also can opt out of this service.

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Women in business shoutout to their biggest inspiration!

Reckon

Reckon is like an accountant in your pocket – but we’re not the only ones making small business life easier. We invited Reckon clients to tell us about the people in their lives who’ve made their success possible. Katy Walker, Amanda Stevens and Christine Metcalfe share the stories of their pocket pals who’ve inspired them and who have always had their back through their professional journeys.

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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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Creating an Unlimited PTO Policy

Patriot Software

Offering paid time off (PTO) is a benefit many small business owners extend to employees. Although the Fair Labor Standards Act (FLSA) does not typically require PTO, many business owners provide paid vacation and personal days. And, some employers may even offer unlimited PTO policies. Have you considered creating an unlimited PTO policy for your […] READ MORE.

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PCAOB plans to update some long overdue auditing standards

Accounting Today

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Making the Business Case for AP Automation

Intuitive Accountant

For a variety of reasons, it can be difficult to convince some executives to make the investment in AP automation. MineralTree COO Elizabeth Kowal explains how to make it happen.

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Inflation Reduction Act significantly changes 179D building deduction

Accounting Today

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Planning for the Worst: Disaster Recovery Payroll

Patriot Software

As a small business owner, you have to hope for the best and prepare for the worst. One of the worst things that can happen to your small business is a natural disaster. You may be required to pay employees even if they aren’t working during or after a disaster. Learn more about disaster recovery […] READ MORE.

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Study: Companies get stock boost from appointing Black CEOs

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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Construction Company Employee Compensation And A Note On Taxes

Randal DeHart

There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees. On top of that, there may be a blended model at play, in which you offer two types of compensation at once, such as a wage and bonuses. When paying employees, laws and the IRS have made the payroll function a time-consuming nightmare for the small business owner.

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Tech News: OneStream rolls out new capacities

Accounting Today

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TAX PLANNING 101: Busting the Myth that Tax Planning is Only for the Rich! Part 1

CTP

By now, everyone has figured out that America’s wealthy and elite are not always avoiding taxes through illegal means. There are thousands of court-tested, law-abiding strategies that help the 1% avoid paying billions of dollars in taxes year after year, like the ProPublica article “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.

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9 IRS Payroll Forms for Small Business

Patriot Software

As an employer, one of the biggest responsibilities you have is knowing which payroll forms to fill out. With so many forms out there, it can be difficult to know which apply to your business. Learn which IRS payroll forms your small business must file, due dates, and where to send each form. 9 IRS […] READ MORE.

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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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Technology improves access to learning, says ACCA report

Accounting Today

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Is Your Employee Asking for a Raise? Here’s What to Do

Patriot Software

At some point, an employee may ask for a higher salary or hourly wage. Although raise conversations can be uncomfortable for both you and the inquiring employee, you need to know how to handle them. What do you do when an employee is asking for a raise? What to do when an employee is asking […] READ MORE.

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Treasury lays out action items for fighting digital asset crime

Accounting Today

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Budget Season is Here. Are You Ready?

AccountingDepartment

Budget season is underway and it is time for financial teams to come together and start planning for 2023, but are you ready? Going into a new year with a clear and concise budget is something that cannot be overlooked by a business owner.

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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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Dubai court tells trader and wife to repay $1B in tax

Accounting Today

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4 Ways to Fight Employee Burnout With Automation

GrowthForceBlog

7 min read. Employee burnout is a real threat to business operations.

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Kreston adds transfer pricing group

Accounting Today

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. According to a report issued by the National Association of State Budget Officers, median sales tax revenue grew by more than 9% in fiscal 2021, which ended June 30th, and state revenues increased by 12.8%.

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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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Automation is accelerating finance's digital transformation

Accounting Today

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EY Might Not Make Buckets of Money From This Split Thing After All

Going Concern

The Wall Street Journal has an article today suggesting that the EY audit/consulting split may not be the big money pay day EY is banking (heh) on. Why? Consulting is a competitive market and the economy isn’t looking so great these days, and EY’s separated consulting biz will not necessarily have the brand recognition in the space to start.

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Accounting went digital — so college programs must, too

Accounting Today

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CliftonLarsonAllen is Still the Constructioniest of All Accounting Firms

Going Concern

You may or may not be aware that there is such a thing as Construction Executive magazine, and you may or may not be aware that Construction Executive magazine has ranked accounting firms with construction practices for the past four years. You may or may not be aware that there is an accounting firm called CliftonLarsonAllen, and you may or may not be aware that CLA (as the cool kids call it) has been named the top construction accounting firm all four years of the trade publication ’s ranking.

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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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Service sector SMEs face cash crunch as impact of inflation bites

Accounting Insight

Latest research by alternative lender Capify finds Business and Professional Services SMEs increasingly concerned about cash reserves, as income struggles to keep pace with rising costs. . But survey also points to longer-term optimism with 65% projecting turnover growth over the next 12 months. A growing number of Business and Professional Services (BAPS) business owners are facing a shortage of cash in the bank, a new survey from specialist finance provider Capify has found.

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TAX PLANNING 101: Ideas for Reducing Taxable Income and Maximizing Tax Credits Part 2

CTP

We are continuing to bust the myth that significant tax savings are only applicable to the rich and wealthy. Countless moderate-income earners are utilizing the same strategies to reduce their adjusted gross income (AGI) and overall tax liability. So, if lowering your AGI is considered “above the line” deductions, are there then “below the line” deductions to can be implemented as well?

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Growing by the Numbers: Accounting Firm Growth Strategy

Patriot Software

Any successful accounting firm has a growth strategy in place. You can’t afford not to. But, have you ever wondered if your accounting firm growth strategy is working? It’s always a good time to take your business expansion strategy back to the drawing board. We’ve put together a list of our top six tips for […] READ MORE.

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On-Demand Webinar: Key Considerations for Your Healthcare ERISA Plan

Withum

Listen in as Kevin McElgunn , Ana Romeo , and Israel Tannenbaum of Withum’s Employee Benefit Plan Team discuss key considerations for employee benefit plan audits that healthcare organizations should be aware of. . The team will share their lessons learned and practical recommendations related to plan mergers, 403(b) nuances, Form 5500 requirements, voluntary corrections, common plan deficiencies and the financial impact that COVID-19 had on plans.

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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.