Tue.Jun 14, 2022

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The Basics of Cash Balance Plans for Employees and Business Owners

Anders CPA

Saving for retirement throughout your career helps you work towards having the lifestyle you desire when the time comes to stop working. While traditional 401(k) retirement plans are commonplace at most companies, certain employers may also offer a cash balance plan option. Below we dig into the details of cash balance plans for employees and business owners so you can weigh your options.

Tax 97
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Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing. Focusing on economic nexus, each state defines certain thresholds that include the amount of revenue sourced to a particular state and/or the number of invoices in a particular state.

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People Operations vs. HR: What’s the Difference?

BurklandAssociates

In 2006 Google renamed its HR department “People Operations”. Since then, the term has seen a steady rise in adoption among companies of all sizes. “People Operations” Interest Over Time: Read More. The post People Operations vs. HR: What’s the Difference? appeared first on Burkland.

Tax 130
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IRS issues revised audit technique guide for cost segregation analysis

Accounting Today

audit 115
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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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Do Accounting Firms Care if You’re On Drugs? Part III

Going Concern

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” A good chunk of that post describes Wall Streeters getting blitzed at real estate investment trust companies because back in those days accounting news was extra slow and we wrote about a lot more finance-adjacent stuff until enough commenters bullied us into focusing solely on Big 4 firms and maybe Grant Thornton every now and then when GT does something boneh

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The dirtiest tax scams for 2022

Accounting Today

Tax 98

More Trending

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Maryland Assoc. of CPAs names new CEO

Accounting Today

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Calculating and Using AR Turnover Ratios

AccountingDepartment

Your accounts receivable (AR) turnover ratio is an essential element of the accounting process. Find out, in this article, what makes the AR turnover ratio tick and how to calculate this for your company. Learn how to make better gains with your business by using this key metric for a performance standard.

Account 98
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A portrait of small businesses in a pandemic

Accounting Today

Tax 98
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We Could Soon Know the Results (If Any) of the Feds’ Raid of Alliantgroup

Going Concern

It has been more than three weeks since IRS Criminal Investigation conducted a court-ordered raid of Alliantgroup’s offices in Houston. Since then we still haven’t learned exactly why the IRS paid a visit to the tax consulting firm’s Houston headquarters. No arrests were made that day. But we might know by the end of the month if investigators dug up some interesting dirt on Alliantgroup.

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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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Inflation has states thinking twice about taxes imposed after Wayfair

Accounting Today

Tax 98
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5 Reasons You Need a New Practice Management Strategy

Intuitive Accountant

Achieving short- and long-term financial and operational goals means your firm must continue to implement new methodologies and ideas. Here are some indicators where you might be missing the mark.

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Management accountants take long-term view during current challenges

Accounting Today

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Net Profit and Retained Earnings: What’s the Difference?

xendoo

Retained earnings are a key indicator of a company’s financial performance. Read on to learn about what they are, how to calculate them, prepare a retained earnings statement, and more. . Table of contents . What are retained earnings? Why are they important? What is net income? Retained earnings vs. net income. How to calculate retained earnings. Retained earnings and shareholder equity.

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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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In the blogs: Just plain fun

Accounting Today

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Inventory & ERP Sponsors at Scaling New Heights `(Part 2)

Intuitive Accountant

There is even more to see in the way of Inventory and ERP sponsors while attending 'Scaling New Heights.' Murph takes a look.

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What Is Accounting Workflow Software? | Canopy

Canopy Accounting

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A Bigger and Better Way to Run Your Practice

Intuitive Accountant

A new eBook from Canopy will give you the practical tools to advance your workflow and create a more efficient and empowered firm.

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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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Manufacturing Industry Outlook Survey Offers Benchmarking Data and Insights

Anders CPA

To fill a void of relevant benchmarking data in the manufacturing industry, Anders and our accounting association, LEA Global , have launched the 2022 LEA Manufacturing Industry Outlook Survey , and we’re looking for input from manufacturers across the country. As a sponsoring member firm, we are supporting LEA to develop valuable insights on manufacturing leadership goals, strategic plans, budgetary trends and global expansion expectations.

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What is Lockstep® Inbox?

Lockstep

Lockstep is pleased to announce our latest offering, Lockstep® Inbox. Revolutionizing accounting, Lockstep Inbox creates an shared inbox where accounting teams professionals can work better with customers and vendors. Today, more than 90% of accounting professionals are using manual personal, email inboxes and spreadsheets to manage their “digital” accounting workflows.

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Special Treatment

RitaKeller

“I am a product of nepotism. I don’t think I would have had the profession that I’m in currently if it wasn’t for my dad.” – Jeff Bridges. It’s an old story in the business world. The boss’s son has joined the firm/business. The “other” employees cringe but they are willing to give “the kid” a chance.

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Should You Be Worried About Your Kids Browsing Incognito?

SkagitCountyTaxServices

That means everything that you have added to dictionary will be deleted from your iPad or iPhone. That’s really amazing post about that what are things we need to delete before selling our iPhone. Call your carrier and ask them to remove your iPhone from your account. I know the option because I’ve used it before, but sometimes it shows up correctly and other times it does not.

Sports 40
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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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What’s the best way for an accountant to win new clients?

Mark Lee

Many of the accountants who take up the opportunity to book a call with me start with variations on the same question: How can I attract new clients? How can I grow my practice? What can I do to get more clients? I need more clients, what should I do? I never know if it helps to know that that are not alone. It’s a common question and concern.