Sat.Oct 15, 2022 - Fri.Oct 21, 2022

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5 Tips to Prepare for Your Best Tax Season

Intuitive Accountant

With tax season just around the corner, FFP Wealth Management's Joseph Graziano is offering some ways you can start digging in before the crush.

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Art of Accounting: Importance of being or appearing calm

Accounting Today

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Deadlines, Deadlines, Deadlines.Understanding the Nuances to Maintaining Your Sales Tax Calendar

TaxConnex

Sales tax, unlike other types of taxes, has many deadlines, not once or twice a year, but often every month and it doesn’t fall on the same day for every business, or state. With sales and use tax compliance, there are six primary deadlines each month – 7 th , 10 th , 15 th , 20 th , 25 th and 30 th – without considering the odd due dates for certain states – 12 th , 23 rd , 24 th , etc.

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An Accountants Guide To Successful Document Management | Canopy

Canopy Accounting

Document management is a core element of every accounting project, but it can quickly become a headache if you don’t have a good system in place. Here are a few key things to keep in mind as you create your document management strategy.

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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 You Know How Temporary vs. Permanent Accounts Differ?

Patriot Software

As a business owner, you are likely familiar with certain accounting accounts, like your assets or expense accounts. But did you know that each account can also be labeled as a permanent or temporary account? Read on to learn the difference between temporary vs. permanent accounts, examples of each, and how they impact your small […] READ MORE.

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Five Signs You Need To Start Outsourcing Your Administrative Tasks

Randal DeHart

When you start a small business, it's usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows. Because a small business focuses on survival, you pay much attention to the bottom line. This makes much sense, but it also leads to being seriously overworked.

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IRS warns against charity scams

Accounting Today

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Is Your Business Breaking the Law With Pay Secrecy Policies?

Patriot Software

For many years, it was typical for employers to discourage discussions about pay in the workplace. And, many businesses had or have pay secrecy policies to prevent employees from talking about their compensation. Nowadays, pay transparency is on the rise to help combat gender inequality at work. In fact, 17% of private companies practice pay […] READ MORE.

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IRS Warns About False Employee Retention Credit Claims

Withum

On October 19, 2022, the IRS issued a press release ( IR-2022-183 ) warning taxpayers to be wary of third parties who advise them to claim an employee retention credit (ERC) when they do not qualify. According to the IRS, these third parties “often charge large upfront fees or a fee that is contingent on the amount of the refund.” The IRS is also concerned that these third parties “may not inform taxpayers that wage deductions claimed on the business’ federal income tax return must be reduced by

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Insights from a VC on Today’s Startup Fundraising Market

BurklandAssociates

Alejandro Lozano, Founding Principal at Newtype Ventures, shares his perspectives on navigating recent changes in the startup funding market. The post Insights from a VC on Today’s Startup Fundraising Market appeared first on Burkland.

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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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Fraud and Internal Controls in Small Business

SMBAccountant

Each year the Association of Certified Fraud Examiners puts out a report that identifies trends and key findings related to fraud over the past year. Some of the highlights seem unreal as you look at them for the first time. Here’s some of the findings from the “Occupational Fraud 2022: A Report to the Nations.” Organizations with the FEWEST employees had the highest median loss of $150k showcasing that small businesses are the hardest hit and need to be concerned with the potential for fraud.

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Tricky items for sales tax (Part 2)

TaxConnex

Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothes. Clothing is taxable in most states and the District of Columbia. Some states (of course) have special sales tax rules for clothing. California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. South Carolina, Ohio and Virginia exempt some protective clothing.

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Your Practical Guide to a Cyber Incident Response Plan

Withum

A cyber Incident Response Plan (IRP) can help an organization prepare to reduce the overall impact of an incident. A potential cyber breach incident can be a ransomware attack , a malicious insider, an external attacker that gained access via a phishing campaign or internal human error, among many others. When dealing with incidents, we often say it is not if, but when an incident will occur.

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IRS increases 401(k) limit by record amount as inflation surges

Accounting Today

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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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What You Can (and Should) Do to Achieve Gender Equality at Work

Patriot Software

The topic of gender equality at work is heavily debated. Do hiring managers place more men than women? Do women earn less than men working the same jobs? Are women passed up for promotion opportunities? According to many studies, the answer is yes to all of the above. You can’t solve the nation’s inequalities. But, […] READ MORE.

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Audit Partner Really Bad at Auditing Won’t Be Auditing Any Time Soon (Or Ever)

Going Concern

The PCAOB has made it painfully clear that they are done pussyfooting around and sick of auditors not doing their jobs. Chair Erica Williams said in September the Board plans to use every tool at their disposal to bring the hammer down on naughty auditors and it seems that’s exactly what they’re doing. Wanna alter work papers and then double down when you’re caught?

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Cash Runway for Startups: How To Manage and Own

Withum

Gross margins, Profits, ARR, EBITDA – the list of financial metrics can go on and on. These metrics are all very helpful in the decision-making and analysis process in determining the trajectory and direction of a startup.Each metric is uniquely designed, and success can vary by industry. In times of economic uncertainty with increased interest rates and inflationary pressures, while these metrics are extremely helpful, the focus becomes increasingly clear – how much cash do we have and how long

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Tax changes mean you might take home more of your paycheck

Accounting Today

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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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Who Pays Unemployment Tax?

Patriot Software

When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.

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Can Participants Certify Electronically That They Have a Financial Need for Which a Hardship Distribution Can Be Made?

ThomsonReuters

QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.

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When Is a Good Time To Start a Business?

Withum

Starting a business is a big step whenever it is done. A question is: when to do it? Is now a good time, or should you wait for the right time? People go into a business for many reasons, with some being started as a part-time activity, when you are laid off and cannot get another comparable job or when you are just ready to do it and need to quit your job.

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IRS criminal investigators probe COVID fraud

Accounting Today

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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 Is a Statutory Employee?

Patriot Software

Have you ever seen that tiny box on a W-2 form for statutory employees? Have you wondered, What is a statutory employee? If so, you’re not alone. Many employers without statutory employees aren’t entirely sure what this classification means. But at one point, you may need to hire a statutory employee. Statutory employee definition A […] READ MORE.

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EY Is Haunted By Some Lingering Independence Problems

Going Concern

Yesterday the PCAOB made public additional portions of EY’s 2018 inspection report “because the firm did not address certain quality control issues to the satisfaction of the Board within the 12 months following the date of the report.” EY’s 2018 PCAOB inspection report is dated April 28, 2020 and in it, the Board said EY had made marginal improvements in audit quality from the year prior.

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How Vinod Shah & Co is embracing cloud accounting to reach their paperless goal

Xero

Accounting has been revolutionised many times over with the emergence of new technology. From calculators to Excel spreadsheets, accountants wouldn’t have gotten far if they weren’t willing to adapt for the good of their practices and their clients. . For Ravi Shah, partner at Vinod Shah & Co , change is being embraced in a practice that was first established by his father in 1989. .

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Tax Fraud Blotter: Lavish expenditures

Accounting Today

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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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Should You Consider Opening a Payroll Account for Your Small Business?

Patriot Software

Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […] READ MORE.

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The Dallas Cowboys Are Getting Some Extra Accountants With This CohnReznick Merger

Going Concern

CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. and the official accounting firm of the Dallas Cowboys, says it has “huge growth plans” for Dallas after combining with a local firm founded in 2010.

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ADC's 2022 Strategy Meeting is a Success!

AccountingDepartment

AccountingDepartment.com Co-Founders, Dennis Najjar & Bill Gerber.

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How to escape state taxes without leaving New York or California

Accounting Today

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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.