Tue.Sep 19, 2023

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Metrics Matter: Five KPIs for Fintech Startups

BurklandAssociates

Fintech is a diverse sector with KPIs that vary between companies, but these five metrics should matter to wide swaths of the industry. The post Metrics Matter: Five KPIs for Fintech Startups appeared first on Burkland.

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PCAOB proposes to toughen rule for auditor liability for negligence

Accounting Today

The Public Company Accounting Oversight Board issued a proposal to amend its rule for an individual auditor's or audit firm's contributory liability for knowingly or recklessly contributing to violations.

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PCAOB Looks to Amend Rule on Auditors’ Liability for Audit Firm Violations

CPA Practice

A proposal issued by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would hold auditors and others more accountable when they negligently, directly, and substantially cause their firm to violate auditing standards. The audit regulator is proposing changes to PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations.

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ISSB and PwC see broader move to int'l sustainability standards

Accounting Today

Accounting firms are getting more involved in sustainability reporting and assurance around the world, with recent global standards and record-setting temperatures spurring calls for action.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Uncertain Times Call for Creative Estate Planning Strategies

CPA Practice

By Paula Nangle, CFP, Kiplinger Consumer News Service (TNS) Does the thought of estate planning trigger a surge of anxiety? If so, you’re in plentiful company. Estate planning can be one of the most intimidating, complex and emotionally charged financial necessities a family takes on together. There is little room for error, as savers look to safeguard their legacies and protect their families for generations to come.

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The Leadership Files: Avani Desai 

Accounting Today

For the head of Top 100 Firm Schellman, leadership starts with self-aware people who don't hesitate to challenge the status quo — or their leader.

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More Trending

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4 Tips on Managing a Multigenerational Workforce

CPA Practice

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon. Research from Robert Half found that 41% of accounting and finance professionals either have a job search already underway, or they plan to launch one by year-end.

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Accounting Websites: 43 Examples for Modern Firms

Ryan Lazanis

A well-designed website stands as a pivotal factor in converting visitors into invaluable leads. In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. Let’s go! Table of Contents The Do’s and Don’ts of Accounting Website Design The Top 43 Examples of Accounting Websites The Do’s and Dont’s of Accounting Website Design To give you an idea of

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Eide Bailly to merge in Raimondo Pettit

Accounting Today

The Top 20 Firm is adding three locations in Southern California with its latest deal.

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PwC Canada Totally Blew Their Perfect Score on PCAOB Inspections This Time Around

Going Concern

A few days ago the paper-pushers at the PCAOB released 15 new inspection reports and three expanded reports for the following firms: Inspection reports De Visser Gray LLP (Canada) Ernst & Young Limited Corp. (Panama) Frost, PLLC Harbourside CPA LLP (Canada) Keith K Zhen CPA Maggart & Associates, P.C Miller Wachman LLP PBMares, LLP PKF O’Connor Davies, LLP PricewaterhouseCoopers LLP (Canada) Rehmann Robson LLC Schneider Downs & Co., Inc UHY LLP Warren Averett, LLC Zwick CPA, PLL

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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FTX sues Bankman-Fried's parents to claw back funds

Accounting Today

The managers of the bankrupt crypto exchange sued the parents of its co-founder and former CEO to "recover. fraudulently transferred and misappropriated funds.

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Sorry Folks, my bet didn't play out.

Insightful Accountant

Murph bet on Intuit releasing QuickBooks Desktop 2024 by Sept. 20th, and now he has 'egg on his face', not to mention a bunch of bookies to pay off, and apologies to you.

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Storm victims in three states face October deadline

Accounting Today

The IRS is reminding some disaster-impacted taxpayers in California, Alabama and Georgia that they have payments due Oct. 16.

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Small Businesses Fear AI Development, Adoption Are Outpacing Regulation

Insightful Accountant

A recent Xero survey shows there is a call among small business owners for greater data protection and education, with 77% believing AI will have an impact on their business in the next five years

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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CLA Expands in New York Via Acquisition

CPA Practice

Top 10 accounting firm CliftonLarsonAllen (CLA) has acquired Long Island-based accounting and business consulting firm Richards, Witt & Charles (RWC). Financial terms of the transaction, which went into effect on Sept. 18, were not disclosed. RWC’s office in Garden City, NY, will become CLA’s second location in the state. CLA also has an office in New York City.

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Future Forward 2023: Transforming Advisory with Real-time AI Insights

Insightful Accountant

RLJ Financial Services' Caleb Jenkins explains the power of real-time AI insights to preempt issues, spot trends and provide invaluable, forward-looking counsel. Make sure you sign up today.

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IRS Promises Fewer Audits of EITC Claims

CPA Practice

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. What can be even more frustrating is when those examinations seem unevenly targeted to taxpayers with lower incomes. That’s been the case with the earned income tax credit (EITC), which has been the subject of recent controversy. (A study released earlier this year found that the IRS audits Black taxpayers at about three to five times higher rates than the agency audits other taxpayers.

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Big boosts for energy-efficient homes in the IRA

Accounting Today

Tax credits for home improvements in the Inflation Reduction Act may prove a major boon for taxpayers.

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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AI and job security: Will technology replace tax professionals?

ThomsonReuters

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines. With the recent release of tools like ChatGPT , apprehensions about job security are growing among many professionals, including those in the tax and accounting space.

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Yellen is running out of time to make a difference on climate

Accounting Today

Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.

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2023 state legislatures break even on efforts to tax sports wagering?

ThomsonReuters

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. It’s also been a popular topic of debate in state legislatures. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. Similar efforts in Texas, Missouri, and Georgia failed to garner enough support.

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INCREASE CASH FLOW BY USING THESE TECHNIQUES

Basis 365

Your business will benefit from increased cash flow if you can get your customers to pay quickly. Many companies need help to get their customers to pay soon. The trend of delaying payments began long before the COVID-19 epidemic. A business can benefit from faster payments and collection in many ways. Some of these benefits include providing the company instant access to cash and higher levels of efficiency.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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What If: Payroll Can't Find Intuit Server?

Insightful Accountant

Did you know the security ID can change in a Company file when you restore a Company Backup file?

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LBMC names next CEO

Accounting Today

Jim Meade will succeed Jeff Drummonds at the Tennessee-based Top 100 Firm in 2024.

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A Cautionary Tax Planning Tale: Timing and Formalities Are Critical

CPA Practice

By John M. Goralka, Kiplinger Consumer News Service (TNS) This cautionary tale is based upon the recent tax case of Estate of Hoensheid v Commissioner , TC Memo 2023-34. When owners of a company plan to sell their business, there is very often a desire to minimize the resultant income tax. This tax is effectively taxing the increase in the value of the business often earned over many years and decades into a single year.

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Riches in Niches: Influencing influencers

Accounting Today

Nate Coughran of Cookie Finance helps social media stars navigate their finances.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Telecom tax and filing complexities

TaxConnex

Telecommunications companies face tougher problems than most other businesses when trying to comply with federal, state and local tax and regulatory obligations. Most of the taxes that telecom companies contend with are administered by the individual states’ Departments of Revenue (DOR) and local jurisdictions. These taxes go by various names: sales tax, communications services tax, utility users’ tax, local license tax and so on.

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Valuing startups' complex equity structures

Accounting Today

Stock compensation opens up new challenges from a GAAP perspective.

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EY Survey: Gen Z Is Broke, Anxious, and Extremely Worried About Everything. We Can’t Blame Them

Going Concern

EY put out a press release on the results of its 2023 Gen Z Segmentation study yesterday and it’s not good. Less than a third (31%) of those born between 1997 and 2007 surveyed feel financially secure, more than half (52%) said they are very or extremely worried about not having enough money. Mind you EY surveyed only 1500 of the 2.56 billion people who make up Gen Z for this particular project.

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In the blogs: Money, money, money 

Accounting Today

Possible staffing remedies; declared dead; Moore moves; and other highlights from our favorite tax bloggers.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.