Sat.Jun 03, 2023 - Fri.Jun 09, 2023

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3 must-have strategies for recruiting and retaining top audit staff

ThomsonReuters

In today’s competitive audit landscape, organizations must stay ahead of the curve to ensure they have the best audit staff in their workforce. To do this, it is essential to have a comprehensive recruitment and retention plan that incorporates key strategies such as technology, data analytics, and fostering an engaging work environment. These strategies help companies make informed decisions about their recruitment and retention processes by optimizing their recruitment process with techn

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Online Accountants Forums: The 14 Best

Ryan Lazanis

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining. Let’s go! Table of Contents What are Accounting Forums?

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Don’t overlook these benefits when calculating the ROI of spend management.

Airbase

​ Calculating a return on investment for new software purchases is a good way to make decisions about where to spend your time and capital. It quantifies the benefits resulting from the software’s use and can therefore serve as a metric to compare the relative value of different projects. To use it for comparison purposes, however, requires consistency of measurement across solutions, even when measurement can be difficult.

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Mastering Business Owner Compensation: How Outsourced Accounting Empowers You to Pay Yourself

Basis 365

Managing your finances as a business owner involves the challenge of determining your own compensation. Balancing personal expenses with the need to reinvest in your business requires careful consideration. Outsourced accounting can be a valuable resource in this regard. How to pay yourself as a small business owner When it comes to paying yourself as a business owner, several factors come into play.

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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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6 Reasons to Increase Your Fees

Insightful Accountant

Roz Strategies CEO Michael Rozbruch steps into the tax preparation space with some timely tips on why it might be time to get paid more for what you do.

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Optimizing Your Firm’s Overhead Rate

Withum

Architectural and engineering firms engaged in contracts that call for billing based upon an overhead rate are challenged to find balance between an optimal and competitive overhead rate. Since the overhead rate has a direct effect on the consultant’s profit margin, an ample overhead rate is essential. In order to ensure your firm is calculating an optimal overhead rate, there are several areas to consider.

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A Guide to Outsourcing the Internal Audit Function

Cherry Bekaert

Internal audits are critical to a company’s organizational processes and are typically a mandatory annual requirement. These audits serve to independently review the internal processes and controls within a company. They also ensure the company’s books and financial systems are managed seamlessly. Additionally, internal audits help identify potential control gaps within these areas and recommend the proper solutions for addressing them.

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How You Can Be a Catalyst for Growth

Insightful Accountant

You can use your potential as a CEO Whisperer to offer differentiated advisory services. In Part 1 of G76's Peter Mares' four-part series, learn how to elevate your services from rules-based to value-based advisory. Sign up for the webinar, too.

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Getting your business ready for EOFY

Reckon

Yep, it’s that time of year again – 1 July 2023 is looming, and you need to get your ducks in a row. You not only have to be ready for the new financial year, but you should also be tying up the previous year by ticking off some tasks that tend to fall by the wayside. That’s right – it’s time to spring-clean your small business financials! Basic EOFY checklist First up, there are some basic compliance must-dos you’ll need to take care of.

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TaxConnex Unveils New Client Portal for Improved Client Experience and Data Security

TaxConnex

TaxConnex ® is excited to announce the launch of a new client portal, Client Connexion. Client Connexion will provide a streamlined client experience and enhanced data security through an intuitive user interface and encrypted portal. Clients will be given individual logins to provide their data, review their cash requests, pull reports, and tax returns, and view historical data, thus removing some of the manual processes clients and practitioners navigated through previously.

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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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IRS Letter 1058 (LT11): Your Help Guide to Understanding and Responding

MyIRSRelief

I have to start by stating that this “Final Notice notice of intent to levy and notice of your rights to a hearing, please respond immediately” is one of the most important and urgent IRS notice a taxpayer may receive, and although it is so important as it would lead to levying your bank accounts, paychecks etc., many taxpayers unintentionally ignore it.

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AICPA and CPA Practice Advisor Announce the 2023 ‘Most Powerful Women in Accounting’

CPA Practice

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession. The 2023 awards were presented at a ceremony at Dolby Live Stage at the Park MGM Casino during the AICPA ENGAGE conference in Las Vegas on June 6, 2023.

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M&A Resources for Startups

BurklandAssociates

M&A resources to help your startup secure the best deal, negotiate favorable terms, and mitigate potential risks. The post M&A Resources for Startups appeared first on Burkland.

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5 tips for managing U.S. sales tax from overseas

TaxConnex

If you’re a company outside of the United States and you look to start selling into America, congratulations – the U.S. offers you a huge new market. It also offers complex sales tax obligations you may not know about. If you sell in Europe, you know about the value-added tax (VAT) on online sales, which is applied at each stage of the supply chain and with rates generally applied at a country level and exceptions on certain products.

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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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EY Interns Are Going to Have the Worst Summer

Going Concern

It’s gonna be a lame summer for EY interns as the firm has trimmed internships down to six weeks and is withholding both Disney AND intern gifts. When it happened in winter, interns were apparently told it was “ because of budgeting due to the potential split.” Now that the Project Everest split is a no-go it’s “supply chain issues” and someone isn’t happy.

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Profession Must Strategize for AI, Other Technology Advances and Disruptions

CPA Practice

~ “Trying to stop … generative AI is like trying to stop the calculator.” ~ “It’s here, it’s going to be complex socially, and I’m worried about the next election cycle.” ~ “The deep fake AI videos and audio are the most concerning.” ~ These functions “will lead to elder abuse in the form of getting scammed by con artists.” [These are quotes from several attendees of the 2023 Accounting Think Tank.

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Meet Our Top 100 ProAdvisors and Top 25 Up-n-Coming ProAdvisors for 2023

Insightful Accountant

Insightful Accountant is proud to announce the Top 100 ProAdvisor and Top 25 Up-n-Coming ProAdvisor Award Recipients for 2023.

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Small business retailers, beat the tax time woes with these simple tips

Xero

If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.

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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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Finally Having Something to Roast Them About, KPMG CEO Takes This Opportunity to Talk Sh*t About PwC

Going Concern

A quickie from Sydney Morning Herald on yesterday’s Senate committee hearing in which KPMG Australia CEO Andrew Yates took the opportunity to throw some barbs at PwC while he has the chance: KPMG boss Andrew Yates publicly rebuked PwC for the tax scandal that is impacting the entire multibillion-dollar financial consulting industry while apologising for his firm’s own failings, which include 1000 staff cheating on an exam about acting with integrity in their work.

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What Do Taxes Have to Do with the NBA Finals?

CPA Practice

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.

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Rewind 'Bulk Linking' Feature Now Available

Insightful Accountant

Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.

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The Rise and Impacts of Digital Asset Use: Through the Eyes of the Accountant

Cherry Bekaert

Authors: Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services | Louis Liu , Manager, Risk & Accounting Advisory Services Digital assets and the underlying technology have taken the marketplace by storm in recent years and accountants are not immune. Whether implementing for increased efficiency, new product or service offerings, added security measures or supporting new business models, it is quickly becoming vital that the accountants understand the importance, impact

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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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PwC Chair Basically Threatens AI Will Replace You If You Don’t Come Into the Office

Going Concern

For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to “ create a buzz around returning to the office ,” luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after the pandemic began, the firm also came up with “The Deal,” an ominously-named framework built on ‘Empowered Flexibility’ that trades leaving early on Fridays in the summer i

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AICPA Broadcasts 100th Town Hall Video from Engage Conference: CPA Profession is ‘Resilient and Rising’

CPA Practice

As the AICPA & CIMA hosted its annual Engage Conference in Las Vegas this week, it also broadcast its 100th AICPA Town Hall live from the Dolby Stage before more than 1,000 live attendees, and thousands more watching live online. Hosted by CPA.com CEO Erik Asgeirsson, the CPE-eligible live broadcast Town Hall events are 1-hour in duration, and were started at the onset of the COVID-19 pandemic, as a means of keeping professionals up-to-date on key issues, regulatory and legislative activitie

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Forwardly Instant Payments Debuts to Improve Cash Flow for SMBs

Insightful Accountant

See how the First Real-Time Payments only solution empowers US businesses to get paid up to three days faster, while saving money on processing fees and streamlining workflows with automatic payment reconciliation.

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Understanding the New QuickBooks Online Pricing Changes for June 2023

SchoolofBookkeeping

Is't that time of year, time for the next round of Pricing changes and trying to decipher what they mean to our clients, and our firms. In an email sent June 8, 2023, The QuickBooks Team outlined upcoming change for the QuickBooks Online, Online Payroll, and Online Payments products and service. We will comb through this email and offer our take on what this means to you as a QB Online user or those who support QuickBooks Online Clients.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.

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Friday Footnotes: PwC’s Head of Reputation Quits; KPMG’s New Commercial; EY Split Still on the Menu | 6.9.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Dumpster Fires PwC’s head of reputation quits as firm’s horror show continues [ WAtoday ] The public relations department of embattled consulting giant PwC has not been a happy place of late.

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Supreme Court Rules in Favor of 94-Year-Old in Property Tax Dispute

CPA Practice

By Muri Assunção, New York Daily News (TNS) The U.S. Supreme Court ruled May 25 in favor of a 94-year-old woman who didn’t receive a single dime after her Minneapolis condominium was seized by authorities and sold over a small unpaid tax bill. In a unanimous decision, the nine justices ruled that the constitutional rights of Geraldine Tyler were violated after Hennepin County in eastern Minnesota sold her one-bedroom unit for $40,000 in 2016.

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Intuit Unleashes the Power of Generative AI on its Platform

Insightful Accountant

Intuit has unleashed the power of generative AI on its platform to ignite innovation at scale for millions of consumer and small business customers.

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Withum’s Henil Shah Named to NACVA 30 Under Thirty

Withum

Withum is proud to announce that the National Association of Certified Valuators and Analysts® ( NACVA® ) named Henil Shah as a 30 Under Thirty Honoree. Henil is a manager in Withum’s Forensic and Valuation Services Group. He has seven years of experience in providing business valuation and transaction advisory services for a multitude of industries, including technology, consumer products, life sciences, and others.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.