Mon.Aug 14, 2023

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Unlocking the Power of Outsourcing in Accounting

Insightful Accountant

Join a panel of accounting professionals who will discuss the benefits of outsourcing some of your practice tasks. Find out how to sign up for the Aug. 17 webinar.

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IRS Wage Garnishment: Understanding the Reasons and Help to Release It

MyIRSRelief

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This FAQ article aims to provide you with a comprehensive understanding of IRS wage garnishments, including the reasons for their issuance and the helpful steps you can take to release them.

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Trending Sources

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BDO to create ESOP with $1.3B credit deal

Accounting Today

It's not a private equity deal, says CEO Wayne Berson — it's private credit to realign the firm's debt and fund a powerful benefit for its employees.

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IRS Wage Garnishment: Understanding the Reasons and How to Release It

MyIRSRelief

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This FAQ article aims to provide you with a comprehensive understanding of IRS wage garnishments, including the reasons for their issuance and the steps you can take to release them.

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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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Four Income Tax Breaks for New Parents

CPA Practice

Congratulations! You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive. Fortunately, the tax law provides several tax breaks for new parents, some of which were highlighted in a recent IRS post (IRS Tax Tip 2023-89, 7/10/23). Here are four examples. 1.

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TIGTA finds 'significant' lapses in IRS microfilm storage

Accounting Today

Taxpayer information in this format isn't being safeguarded properly, according to a new report.

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More Trending

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PCAOB hits multiple firms with sanctions

Accounting Today

The board continues its aggressive approach to oversight, announcing several hundreds of thousands of dollars in penalties on several auditors in a single week.

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Happy 88th Birthday, Social Security! Celebrate By Not Making These Three Mistakes

CPA Practice

By Vincent Birardi, CFP, AIF, Kiplinger Consumer News Service (TNS) As today (Aug. 14) marks the 88th anniversary of our national Social Security system , we can revel in the fact that millions of Americans have been afforded financial protection in their retirement years. Unfortunately, that level of protection has waned due to several factors, including longer average life spans , a shift in the balance of contributions, and the withdrawing benefits of the Social Security system.

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Demystifying AI

Accounting Today

There is going to be a big gap between accountants who use artificial intelligence and those who don't, says Randy Johnston.

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ADC's Bill Gerber Inducted into the Marquis Who's Who Biographical Registry

AccountingDepartment

We are proud to announce that ADC co-founder, Bill Gerber, has been inducted into the prestigious Marquis Who's Who Biographical Registry!

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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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BDO Put Out a Press Release on ESOP

Going Concern

BDO released a press release on ESOP at 10 am this morning , here it is in its entirety. Friendly reminder, BDO partners (current and former) and staff are encouraged to contact us at 202-505-8885 should you have any cares, concerns, or tales of phones being tracked you want to share with the class. Tipsters are anonymous, always. BDO USA Stewards Transformative Next Chapter With ESOP Purpose-driven strategy gives participating U.S. employees shared stake in firm’s success.

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IRS Set to Go Paperless by 2025

Insightful Accountant

The Internal Revenue Service says its new Paperless Processing Initiative will cut processing times in half and expedite refunds by several weeks.

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4 Priorities for Finance Teams in Late 2023

CPA Practice

By Brian Greehan. As we approach the end of Q3, economic uncertainty continues to dominate the news. The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. These circumstances require finance professionals to be agile and proactive about optimizing operations and informing the business with accurate and timely financial data.

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Modulr - taking the pain out of manual payments

Inform Accounting

Managing Director, Sian Kelly, of Inform Accounting shares what businesses in the creative industries should be doing to help increase their profits and im

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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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South Carolina Return Preparer Sentenced to Prison for Tax Fraud

CPA Practice

A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. According to court documents and statements made in court, Georgina Gonzalez, formerly of Miami, worked as a tax return preparer since at least 2013. For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia.

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Top 100 2024 Certification Clues: QuickBooks Desktop

Insightful Accountant

In Part 8 of Murph's "Clues about the Top 2024 Process," he discusses QuickBooks Desktop Certification and the 2023 stats relating to it.

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SEC charges Crowe U.K. over failed audit

Accounting Today

The London-based auditor gave a clean bill of health to a music streaming company that wildly overstated its revenue.

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QB Talks: What It Takes to Make the Top 100 ProAdvisors

Insightful Accountant

On Wednesday, Aug. 16, at 2 p.m. (EST), Gary and Murph hear what list-makers say it takes to make the Top 100 ProAdvisor list, earn the categorical ProAdvisor awards, and get all the way to the ProAdvisor of the Year.

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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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Federal Reserve Sees Drop in Inflation Risk

CPA Practice

By Jonnelle Marte and Alex Tanzi – Bloomberg News (Via TNS) U.S. consumers’ near-term inflation expectations declined in July for a fourth month, reaching the lowest level since April 2021, according to a Federal Reserve Bank of New York survey. Median one-year-ahead inflation expectations fell to 3.5% last month from 3.8% in June, the New York Fed said Monday.

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The Importance of Employee Time Records in 501cs

Insightful Accountant

Hour Timesheet and Clockwise co-founder Debbie Sabin answers the age-old question on whether employees in nonprofits should keep time records. Check out her answer.

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Fair Market Value of Physician Compensation

Withum

The fair market value of physician compensation is a fundamental consideration in healthcare compliance to prevent the abuse of healthcare programs and protect patients needing medical care. Specifically, fair market value is a concept relied upon in applying federal regulations such as the Physician Self-Referral Law (Stark Law) and the Anti-Kickback Statute (AKS).

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Monday Morning Accounting News Brief: Eff You, Pay Us; Let’s Complain About Auditing Again; RIP to a Real One | 8.14.23

Going Concern

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” Thomson Reuters has your back : The Public Company Accounting Oversight Board (PCAOB) released an analysis showing a concerning trend of increased audit deficiencies and noncompliance with PCAOB standards and rules.

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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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Case Study: Leading Beverage Manufacturer Enhances Employee Experience and Streamlines Processes with Microsoft Power Platform and Withum

Withum

Learn how Withum helped a leading beverage manufacturer enhanced employee experience white streamlining processes with Microsoft Power Platform. Download a PDF of this case study. Executive Summary A leading beverage manufacturer sought to optimize its operations and improve user experience through the implementation of Microsoft Power Platform. This case study examines how Withum’s Digital and Technology Transformation Team and the client worked together to overcome challenges and leverage the

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LeaseQuery acquires Stackshine

Accounting Today

LeaseQuery announced it has acquired SaaS spent management platform Stackshine.

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Why Your ERP Implementation Is Incomplete 

Withum

An ERP implementation is not a simple, short or routine task. It’s a large undertaking that serves to transform your business – but comes with many risks along the way. Companies often suffer the aftermath long after an implementation that didn’t go according to plan. Some common root causes for failed or incomplete implementations involve user adoption issues, lack of training or documentation, poor change management mechanisms, system functionality issues and data lacking integrity.

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Introducing our partner business, Neate & Pugh

Inform Accounting

Neate & Pugh are a niche employment law and HR solutions firm, set up by Ann-Marie Pugh and Emma Neate back in 2014. Their mission is to provide the high-quality service and advice expected from a big law firm, with the personalised attention to detail and care you can only get from a small firm.

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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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Art of Accounting: Client advisory services goldmine

Accounting Today

Most of your clients need added services. Your ability to capture those revenues will depend on your ability to show the client the value they will receive.

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LeaseQuery Acquires SaaS Spend Management Platform Stackshine

CPA Practice

LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spend management platform designed to help companies track and optimize their software spend and usage. With this acquisition, LeaseQuery extends a period of growth and tackles an increasingly crucial issue for organizations – SaaS operations and spend management, a mounting challenge for both IT and Finance.

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Botkeeper announces "humanless" version

Accounting Today

Accounting and bookkeeping automation solutions provider Botkeeper announced the "humanless" version of its core product.

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Trust In Irrevocable Life Insurance Trusts

CPA Practice

Many limitations have been placed on traditional tax shelters over time, but the benefits of “irrevocable life insurance trusts” (ILITs) remain intact. This is still a viable option to individuals who want to pass wealth to future generations without any adverse estate tax consequences. Basic premise: Life insurance proceeds that are paid out from a policy where you are the insured are exempt from estate tax only if you don’t possess any “incidents of ownership” in the policy.

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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.