Tue.Nov 15, 2022

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How to get more of the referrals you really want

Mark Lee

Although most of my clients have already built up a good base of clients, I am also often asked how can (typically less experienced) accountants and bookkeepers get more clients. And I see plenty of such questions in online forums. Of course there is no single activity which will work for everyone all the time. Especially as the implication behind the question is how to get new clients from a cold start.

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Can accounting firms move into sales tax advising?

TaxConnex

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. The two major reasons why are clear: Advisory services tend to have a higher margin than compliance services and aren’t restricted to just the tax-filing seasons of spring and fall; and clients seem to always be asking for extra help in various new areas.

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The Collapse of FTX

Withum

The past week has been one of the most eye-opening weeks in the history of the cryptocurrency industry, with one of the largest digital asset exchanges in the world filing for bankruptcy on Friday, November 11. How did this happen so quickly? Here is a high-level overview of the fact pattern: On Sunday, November 6, a significant holder of FTX’s native token, FTT, threatened to sell all of their FTT tokens, which created widespread panic, driving the price of FTT down significantly and leading cu

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Do You Have Adequate Insurance Coverage for Your Home?

Dent Moses

We all saw the devastation in Florida from Hurricane Ian. Its estimated losses will total $50 billion. Sadly, due to inadequate insurance coverage, many will not fully recover their losses. Closer to home, we can still see some of the damage caused by the tornado outbreak in March of 2021. . Do you know what happens if your home (or second home) is damaged or destroyed?

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Top 12 Concerns of IRA and 401k Accounts

Withum

Forty-six million people have IRAs, and 60 million workers participate in 401k retirement plans, yet the tax laws are unwieldy, complicated and unfair. Congress and the IRS, through inattention or inaction, have let the rules and requirements get out of hand. This program will tell you 12 things you must know about these accounts. This is not a program on why you should participate, but how to not get hurt when you participate.

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Hubdoc can now detect credit notes automatically

Xero

Hubdoc is one of our most advanced tools to capture bills and receipts, get the data into Xero and easily reconcile the transaction. We’re always looking for ways to automate this process, to help you become more efficient in your business or practice. Recently, we announced a new feature that automatically matches the contact in Hubdoc with the contact in Xero or QuickBooks Online, so you don’t need to fill in the details.

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Xero Bank Accounts, Bank Feeds and New Bank Partnership

Intuitive Accountant

Murph is going to 'Xero' in on setting-up bank accounts, bank feeds and even Xero's new Bank Partnership in this how-to article. Look for more of Murph's Xero features in the coming weeks and months.

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Withum Makes the Ranks as Top Employer for Veterans

Withum

Withum is excited to share that Military Times , a premier news source for veterans and their families, named Withum on their annual Best for Vets: Employers list for the first time. “I am thrilled to see Withum rank amongst so many other organizations committed to connecting former service members to the civilian workforce,” said Bill Bradshaw , Director of Inclusion and Diversity.

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Someone Looked Up Audit Senior Salary Ranges at the Top 25 Firms to Catch Them Breaking the New NYC Pay Transparency Law

Going Concern

A week ago, u/DoritosDewItRight visited the websites of the top 25 public accounting firms to find out if they’d listed reasonable salary ranges for open positions, as required by a new law effective November 1 that requires employers in New York City — or employers of employees who will perform their work in New York City — to list a salary range on all posted job ads, promotions, and transfer opportunities.

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Apps to help solve four common small business pain points

Xero

Apps can help automate your admin, generate insights, manage your day-to-day operations and give you access to deep analytics for smarter business decisions. Here are some of the most popular apps in the Xero App Store that integrate with Xero to help tackle some common business challenges. . 1. Getting paid quickly. In business, cash flow is key.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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What Nonprofit Board Members Should Know About Nonprofit Accounting

GrowthForceBlog

7 min read. Being selected to serve on a nonprofit board is not just an honor, a networking opportunity, and another line item on your resumé- it's a real responsibility. Key Takeaways. Understand the Importance of Financial Management for Nonprofits: The accounting process in a nonprofit organization needs to be run with the exact same precision as in a….

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Remember These Tips When Outsourcing

AccountingDepartment

Outsourcing your accounting to a third-party service provider is a great idea for any business owner. However, when searching for the right fit for your company, consider these points so that you choose the best option for you.

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The Importance of Client Management Software for Accounting Firms | Canopy

Canopy Accounting

Canopy recently commissioned an independent research firm to survey 150 US-based accountants.

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Investment Zones could be a headache for payroll

Accounting Insight

One of the legacies of Liz Truss’ short term in Government could well be “Investment Zones” – areas of the country with a bevy of tax and consenting incentives to attract new business. Levelling Up Secretary Michael Gove has said he is “reviewing” the policy but his concerns seem to largely concern the consenting incentives, which could harm the environment – not the tax changes.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Dealer Vision: Volume VIII

Withum

Fall into this season’s Dealer Vision newsletter and read up on trending information written by Stuart McCallum , Michele D’Antonio and Trevor Shaw. Get educated on why price is not everything when comes to dealerships, catch up on our trade-in series, and how Withum can help with auto valuations. Inside This Issue. Price Is Not Everything!

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A Couple PwC Partners Have Been Quickly Assigned as Joint Provisional Liquidators of FTX

Going Concern

Kevin Cambridge and Peter Greaves of PwC were approved by the Supreme Court of the Bahamas as joint provisional liquidators of failed crypto exchange FTX. From the press release [ PDF ]: On 10 November 2022, the Securities Commission of The Bahamas (“the Commission”) applied to the Supreme Court to appoint Mr. Brian Simms, KC as a court supervised provisional liquidator.

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QB Talks: QuickBooks Online Closing the Books at Year-End

Intuitive Accountant

Liz Scott will guide through the tools for streamlining and collaborating with your clients at year's end, regardless of whether you're a tax, bookkeeping or full-service firm. Sign up here.

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Ex-BDO Atlanta Employee Who Shot and Killed Her Former Boss Was Indicted on Murder Charges

Going Concern

A Fulton County grand jury on Nov. 11 indicted Raissa Kengne, a former IT audit manager at BDO USA in Atlanta , in the August shooting deaths of her ex-supervisor at the accounting firm and the property manager of the condominium building where she lived. Raissa Kengne. Kengne, 34, was charged with two counts of murder, two counts of felony murder, five counts of aggravated assault with a deadly weapon, three counts of possession of a firearm during the commission of a felony, one count of attem

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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CalCPA BUZZ: The Inside Scoop on Election Season

CalCPA

On Nov. 21, tune into a free webcast for members featuring Jason Fox, CalCPA vice president of government relations, and political consultants Missy. The post CalCPA BUZZ: The Inside Scoop on Election Season appeared first on Hot Topics.

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Restaurants in a Post-Covid Economy: Confronting a Labor Shortage and Supply Chain Crisis

Anders CPA

The restaurant industry was hit especially hard by the coronavirus pandemic and though government programs like RRF and PPP loans were a life raft for many businesses, there are several issues still facing restaurants. A nationwide labor shortage has hit the industry hard, making it difficult to both find and retain workers. Compounding that is a supply chain crisis which has raised food inventory prices and made some ingredients impossible to attain.

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What Is Open-book Management?

Patriot Software

Want to increase transparency and potentially boost profits? If so, you may consider open-book management. So, what is open-book management? Get to know what open-book management includes, the pros and cons of it, and how it works. Open-book management definition Open-book management (OBM) is the practice of sharing your business’s financial information with employees.

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Auto Dealership Value Drivers

Withum

The auto dealership industry is one of the largest retail industries in the United States. According to the National Automobile Dealers Association, in 2021 sales from the 16,676 franchised auto dealers in the United States topped $1.18 trillion. The second largest household payment each month is for a vehicle. The industry is highly fragmented as 93% of owners operate 1 to 5 dealerships.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Accountex Expands to Canada

Accounting Insight

Europe’s top accounting and finance event, Accountex London, is coming to Canada on November 30 and December 1 at the Metro Toronto Convention Centre, North Building. Accountants, bookkeepers and finance professionals will come together in Toronto for two days of networking, education, and interaction with over 50 companies showcasing the latest in tech and software, propelling professionals into 2023. “Accountex has become a who’s who of the accounting profession and its surro

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Top 100 ProAdvisors: Meet Gregg Bossen

Intuitive Accountant

Our continuing snapshot of this year's Top 100 ProAdvisors continues with founder and owner of QuickBooks Made Easy.

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ACCOUNTEX ESPAÑA 2022 was attended by 3,200 professionals for its first event

Accounting Insight

The conference presented the main challenges posed by the digitalisation of administrative and accounting processes. . More than 80 exhibitors presented the main technological advances affecting consultancies, law firms and SMEs, together with a wide-ranging training programme and high-level content. . ACCOUNTEX , the leading event for professional firms, consultancies and companies, which has been held with great success in London since 2012, held its first event in Spain at the IFEMA MADRID

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Changing the face of public accounting

Accounting Today

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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DAF grantmaking to charities increases

Accounting Today

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Bungled Excel sheet hurts profits from Islandsbanki sale

Accounting Today

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GASB proposes implementation guidance on leases, subscription-based tech and more

Accounting Today

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Edward Bernard elected chair of FAF

Accounting Today

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.