Accounting Today

SEPTEMBER 22, 2023

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

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Government Tax 126

CPA Practice

SEPTEMBER 22, 2023

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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audit income tax tax return Tax 119

Accounting Today

SEPTEMBER 22, 2023

The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.

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accountant accounted Account audit 126

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Don’t blame me, blame WSJ. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” Ruh-oh. The New York resident found accounting work monotonous, with little room for creativity or growth, and maximum salaries weren’t as high as he would have liked

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accountant accounted Account CPA 116

Advertiser: Paycor

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Accounting Today

SEPTEMBER 22, 2023

There will always be both business owners and individuals who drag their feet on different elements of their financial planning.

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Cherry Bekaert

SEPTEMBER 22, 2023

In the six years since its introduction, the Opportunity Zone (OZ) program continues to gain more attention and broader success. Despite recent macroeconomic volatility, this year has seen increased excitement and a wider range of achievements. The Tax Cuts and Jobs Act of 2017 (TCJA) gave way to the OZ program, which instantly became a hot topic across the real estate industry.

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Real Estate Agriculture Construction Non-Profits 111

Randal DeHart

SEPTEMBER 22, 2023

A fractional CFO, or Chief Financial Officer, is a finance professional working part-time, retainer, or contract. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients simultaneously, typically on a part-time, retainer, or contract basis.

Construction 111

Construction Start-ups Finance quickbooks 111

Accounting Today

SEPTEMBER 22, 2023

NFPs may not be like the NFL, but they can borrow a page from the playbook to tackle operational and bookkeeping hurdles and score the ultimate touchdown: accomplishing their mission.

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bookkeeping Gaming Non-Profits accountant 122

Cherry Bekaert

SEPTEMBER 22, 2023

Contributors: Graham Michitsch, Senior Manager On September 6, 2023, the Financial Accounting Standards Board voted on cryptocurrency accounting and set in place a new rule that business must use fair-value accounting for certain crypto assets that meet the predefined criteria, such as bitcoin. This is a welcomed and long-awaited change that accountants, companies, and investors have rallied for as it treats digital assets the same as financial assets.

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Account accountant accounted accounting standards 105

CPA Practice

SEPTEMBER 22, 2023

Top 20 accounting firm CohnReznick has reached a milestone, as it is opening its 30th office location in the U.S. Office No. 30 will be in Denver—CohnReznick’s first location in Colorado—and it will officially open in early October, the firm said earlier this week. The office will be home to a team of professionals who have expertise in the many different industries that comprise the Denver market, including real estate (commercial, affordable), financial services, and hospitality, according to

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Colorado Real Estate Florida Hospitality 105

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

Account

Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

Starting a business is hard work. In addition to creating your core product or service , you also need to have a working knowledge of numerous other facets of business including marketing, IT, accounting and operations. In the early stages cost constraints may prevent you from hiring additional staff or even outside contractors to handle some of these roles may not be an option.

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Tax income tax tax return accounting and finance 98

Accounting Today

SEPTEMBER 22, 2023

If clients don't know what their future selves look like, they can't finish the planning process. That's where you (and behavioral finance) come in.

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Finance 78

Going Concern

SEPTEMBER 22, 2023

Ed. note: the following is by Joseph P. Petito, Esq. Joe currently serves on the Maryland State Board of Accountancy and the board of directors of the NASBA Center for the Public Trust. Full bio at the bottom. I love accounting. Though an attorney and not a CPA, I’ve spent over 30 years in and around the CPA profession, retiring from PwC as a Principal.

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Maryland CPA cpas North Carolina 65

Accounting Today

SEPTEMBER 22, 2023

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

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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.

Finance

Withum

SEPTEMBER 22, 2023

A good friend, colleague and writing partner passed away Sunday. Sidney Kess was 97. We spoke at least once a week and are scheduled to co-present a continuing education program on October 18th. I first “met” Sid in 1967 when I attended one of his early Tax Workshops my boss sent me to. I spent a day with a few hundred other CPAs getting a tax update and thought Sidney was the smartest tax person in the world.

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cpas Education Entertainment Tax 59

Accounting Today

SEPTEMBER 22, 2023

Plus, Docyt unveils Docyt AI for real time accounting, and other accounting technology news.

Technology 72

Technology audit Account accountant 72

Withum

SEPTEMBER 22, 2023

Manufacturers find themselves at a crossroads in an era marked by rapid technological advancements and market fluctuations. The delicate balance between traditional labor-intensive processes and adopting advanced machinery and technology poses a formidable challenge. As supply chain costs continue to rise and market uncertainty becomes a constant companion, manufacturers must explore innovative strategies to reduce expenses and adapt to the evolving landscape.

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Manufacturing Technology 59

Canopy Accounting

SEPTEMBER 22, 2023

In the ever-changing financial landscape, regulations established by governing bodies are crucial for maintaining stability and integrity. They serve as the foundation of the financial system, ensuring fair practices, transparency, and accountability. These regulations set standards and guidelines for financial institutions and market participants, protecting consumers, preventing fraud, and promoting a level playing field.

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Account accountant accounted Government 59

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.

Finance

Accounting Today

SEPTEMBER 22, 2023

Hermann Goering has nothing to teach us about building a culture in your practice.

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CPA Practice

SEPTEMBER 22, 2023

Avalara, Inc. , a provider of cloud-based tax compliance automation software for businesses of all sizes, has announced new APIs and integrations that were highlighted at Avalara NEXT , its third annual event for developers and partners responsible for building global tax compliance into commerce and business operations. The virtual conference took place September 20–21, 2023.

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E-commerce accounts payable Technology accounting and finance 52

Patriot Software

SEPTEMBER 22, 2023

You’ve likely heard about—or experienced firsthand—a shortage of accountants. So what gives? Where did all the accountants and prospective accountants go? And what can you do if you experience talent shortages in your firm? Why is there a shortage of accountants? Two factors contribute to the accountant shortage.

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Account accountant accounted cpas 52

CPA Practice

SEPTEMBER 22, 2023

By Patricia Hurtado and Ava Benny-Morrison, Bloomberg News (TNS) Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense. The former FTX co-founder has been dealt a series of setbacks as he gears up for his trial, which is scheduled in two weeks.

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New York Legal Government Finance 52

Advertiser: Paycor

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ThomsonReuters

SEPTEMBER 22, 2023

On September 11, 2023, the Equal Employment Opportunity Commission (EEOC) announced that a China-based tutoring company agreed to settle an employment discrimination lawsuit that claimed the employer programmed its online software to automatically reject applicants based on their age, in violation of the Age Discrimination in Employment Act (ADEA) (see Payroll Guide ¶20,480 ).

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Legal audit payroll Technology 52

Wellers Accounting

SEPTEMBER 22, 2023

Ben Brookes provides an introduction and explanation of the UK tax system for those starting out as self-employed.

Tax 52

Tax tax return income tax tax planning 52

FraudFiles

SEPTEMBER 22, 2023

Cases of financial fraud often focus on the core issue of where the money went. Successfully carrying out a fraud scheme involves not only taking the money, but covering up the fraud and hiding the money trail.

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Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. In these roles, he provides financial leadership in support of Virginia Tech’s mission and serves as a trusted, collaborative resource for university leadership.

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audit accounting and finance Virginia auditor 109

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.

Finance