Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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The 7-Step Pathway to Reducing Your Workload

Ryan Lazanis

You may be starting an accounting firm and unsure how to build it without burning yourself out, or you may have a 6- or 7-figure firm where you’re working too much. I’ll share a 7-step path you can follow to significantly minimize your workload. Listen Below.

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10 New Year Resolutions for Ambitious Accountants

Mark Lee

As 2023 dawns here are 10 New Year resolutions that I would encourage you to consider. Where possible you will also find links to earlier posts I have previously written about the topic. Reducing the January rush.

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The Year Ahead

Insightful Accountant

Canopy's Tax Resolution Subject Matter Expert Jason Penninger provides his thoughts on what the accounting profession might expect to see in 2023

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7 Budgeting Tips to Implement in 2023

Basis 365

Budgeting is an essential part of any business. However, many companies need help managing their finances and making the right decisions. We've developed seven budgeting strategies for businesses looking to scale in 2023.

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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.

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Even People Who Majored in Accounting Don’t Want To Be Accountants

Going Concern

Pay extra close attention to accounting firm press releases this year, they will be packed with claims of record applicants, excess hiring, and huge numbers of incoming interns.

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The Financial Close Process Explained

Accounting Department

With 2022 behind us, it's time to start focusing on closing the books for the year and putting 2023's goals in the sights of business owners. Closing the books is a critical business process for many reasons.

More Trending

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ICYMI: The Ten Most Popular, Not at All Clickbaity Stories of 2022

Going Concern

With just seconds left in 2022 (this is scheduled to publish on 11:59 PM on December 31st), let’s take a quick look back on the ten stories that seemed to have the most buzz this past year.

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How AI and Machine Learning Help Fight Fraud

RogerRossmeisl

The biannual Association of Certified Fraud Examiners “Report to the Nations” has repeatedly concluded that the longer fraud schemes remain undetected, the greater the losses for the victimized organizations.

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What We’re ERC’ing With the Employee Retention Credit

Withum

As we begin 2023, we are still seeing many businesses that have not yet claimed the employee retention credit (“ERC”) , and the potential benefit of this credit has attracted many inexperienced service providers making exaggerated promises in exchange for outsize contingency fees.

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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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Economic nexus overview - all states with sales tax now active

TaxConnex

Next summer will mark five years since the Supreme Court ignited economic sales tax nexus with the South Dakota v. Wayfair, Inc et al decision.

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The benefits of the shared accounting inbox for AR and AP

Lockstep

If you manage accounts receivable (AR) and accounts payable (AP) for your business, you know how important it is to have a system in place to keep track of all incoming and outgoing payments.

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Sold Stock Before Year-End? Watch Out for the Wash Sale Rule

RogerRossmeisl

If you sold stock shares at a loss at the end of 2022 to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule.

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New year tax resolution – resolve your tax problem today

MyIRSRelief

Types of IRS tax problems and how to resolve them. There are many types of IRS tax problems that individuals and businesses may encounter. Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.),

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10 Ways to Keep Your Hourly Employees

Getting and keeping hourly workers is no longer as simple as offering them more cash. Employees have options. But this guide from Paycor will help you put your best foot forward to recruit, retain, and develop hourly workers so you can remain competitive.

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Tax Deadlines for Startups in 2023

BurklandAssociates

Tax deadlines for startups in 2023, including federal filing dates and key dates for San Francisco, New York, and Seattle. The post Tax Deadlines for Startups in 2023 appeared first on Burkland. Taxes

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IRS audit rates declined further in 2022

Accounting Today

Tax audits IRS Tax Tax research

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Valuation Provisions to Incorporate into Buy-Sell Agreements

RogerRossmeisl

At the heart of every successful buy-sell agreement are well-reasoned business valuation provisions. By thinking through valuation matters and anticipating potential sticking points while the owners are on good terms, you can help facilitate future buyouts — when relations might be strained.

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Sales Tax Laws by State: What’re Your State’s Rules?

Patriot Software

Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

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An Accounting Firm Is Hiring an Honest-to-God Actor to Perform in a Client Onboarding Video

Going Concern

Googling “accounting firm” as I do each and every day multiple times a day in the hopes today is the day that something interesting happens in the accounting profession, I came across this ad looking for an actor to serve as “accounting firm spokesperson” in a client onboarding production. Anyone wanna make $75 an hour?

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Art of Accounting: Nine predictions for the future

Accounting Today

Client strategies Practice management Ed Mendlowitz Strategic planning

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How Business Valuators Estimate the DLOM in a Volatile Market

RogerRossmeisl

When valuing a business, recent market volatility may well translate into higher discounts for lack of marketability (DLOM) because investors generally will pay less for illiquid, risky investments.

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A Seller’s Guide to Economic Nexus Laws by State

Patriot Software

Economic nexus has taken the nation by storm. With the majority of states establishing economic nexus laws (46 states to be exact), it can be hard to keep up with all of the rules and changes.

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Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

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CalCPA BUZZ: Join the Legislative Summit

CalCPA

At the end of January, CalCPA’s advocacy team will host a Legislative Summit to bring CalCPA and public policy leaders together to discuss. The post CalCPA BUZZ: Join the Legislative Summit appeared first on Hot Topics. CalCPA Buzz

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Tax strategies to usher in 2023

Accounting Today

IRAs Tax planning Tax Charitable deductions

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Save for Retirement by Getting the Most Out of Your 401(k) Plan

RogerRossmeisl

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg.

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Business Mileage Deduction 101

Patriot Software

Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

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How to Avoid Burnout During Busy Season | Canopy

Canopy Accounting

When you think of tax season, does burnout come to mind? I haven’t conducted a formal poll, but my guess is the answer would be “yes” for many CPAs and accountants. In preparing to write this blog, I did what I usually do – start with the definition.

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IRS refunded $14.8B for unemployment compensation exclusion

Accounting Today

Income taxes Tax refunds IRS Tax Tax forms

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Do you Qualify for the QBI Deduction and What Can you Do to Help Qualify?

RogerRossmeisl

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction.

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Top Ten Resolutions for Small Business Leaders & CEO's

GrowthForceBlog

8 min read. Success is not final, failure is not fatal: it is the courage to continue that counts.”. Winston Churchill. With the start of a new year, we often feel inspired to make it better than the year before. Key Takeaways. What Is A New Year's Resolution?:

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!