Sat.Jul 30, 2022 - Fri.Aug 05, 2022

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How to Get the Most Out of Your Online Accounting Firm

IgniteSpot

Start with Robust Onboarding. Efficient online accounting services don’t take shape overnight. We usually describe it the same way as starting a new job—it starts with a 90-day probationary period. The difference is that an employee spends 90 days learning the ropes, whereas an accounting team uses the time to set you up for success.

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5 Skills Required to Deliver Effective Virtual CFO Services

Ryan Lazanis

Offering virtual CFO services requires a specific skill set to deliver effective and profitable results. In this podcast episode, I’ll discuss the five important skills you need to be successful. Listen Below. 0:44 – An effective virtual CFO service is valuable to your client, profitable to your firm, and can be delivered in a systematic manner. 1:15 – When you provide CFO services, you’re expected to deliver results and deliver an ROI. 1:46 – Clients need to see at

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IRS warns preparers on signs of data theft

Accounting Today

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Attention OEMs: The Age of “Catalog Engineering” is Over

RogerRossmeisl

Excerpt of an article posted to the Memos by Heller House website on 7/27/22 In their book The Innovator’s Solution, Clayton Christensen and Michael Raynor cite the example of IBM as a cautionary tale against outsourcing activities that “might seem to be a non-core activity today” but that “might become an absolute critical competence to have mastered in a proprietary way in the future” IBM decided to outsource the microprocessor for its PC business to Intel, and it

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Marketplace facilitators: Your latest Q. and A.

TaxConnex

We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? In this blog we answer your top questions about marketplace facilitators. What is a marketplace facilitator? This is a business or organization that contracts with third-party businesses to sell goods and services on its platform and facilitates retail sales.?

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3 Ways Startups Can Cultivate Positive Mental Health in the Workplace

BurklandAssociates

Our careers and work are an integral part of our lives and even play a role in how we view ourselves and our identity. We spend, on average, 90,000 hours, Read More. The post 3 Ways Startups Can Cultivate Positive Mental Health in the Workplace appeared first on Burkland.

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More Trending

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Mistakes Happen

Withum

Yesterday there was a bruhaha over a politician’s misstep followed by a bungled apology. If you follow New York City politics, you likely know what I am referring to. If you do not, then the details and who said it are not important. What is important is that someone misspoke, and when confronted with it, she gave an apology that made it worse. Everyone makes mistakes.

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Wash Sale Rules and Cryptocurrency Tax Planning for 2022

Anders CPA

Cryptocurrencies are on the rise, but many investors don’t understand the tax treatment and impacts of these digital currencies. If you’re already investing or looking into investment opportunities, now is the time to familiarize yourself with current tax reporting requirements and wash sale rules before they apply to cryptocurrencies. What is a Wash Sale?

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ISL Online – A Remote Support Software Synopsis

Intuitive Accountant

ISL Online offers one of the most technologically advanced remote access solutions for businesses of almost any size and nearly any requirement. It offers remote tools techs will find beneficial.

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Don’t Be Surprised to See Accounting Firms Aggressively Merging in the Next Year or Two

Going Concern

Have you heard? There’s an accountant shortage! This is probably coming as a shock to you but it’s true. Firms are trying all sorts of tricks to find and retain talent but the problem may be deeper than not having the right set of perks but rather an actual shortage of qualified talent. This issue has been building since accounting graduate numbers peaked in 2015-16, seven years later we’re starting to see the effects of a shrinking pool of accountants.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Steve Martini Named Top Advisor in San Fernando Valley Business Journal List

Withum

Withum is proud to share that Steve Martini , Partner in Withum’s Encino office, was named on San Fernando Valley Business Journal’s Top 200 List. The annual Top 200 list honors influential industry leaders in healthcare, government, real estate, finance, education, advisors and business. It focuses not only on each honoree’s title but on their involvement in the business community and greater California professional landscape, including their leadership in civic projects and social organization

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Anders Jumps 11 Spots to #89 on IPA Top 100 Firms for 2022

Anders CPA

After joining INSIDE Public Accounting (IPA)’s list of Top 100 firms at #100 in 2021, Anders jumped 11 spots in 2022 to #89. The IPA Top 100, 200, 300, 400 and 500 recognize the top U.S.-based accounting firms based on net revenues. This is IPA’s 32nd annual ranking of the largest accounting firms in the nation. Anders rose through the ranks of the Top 200 firms for many years and broke into the Top 100 list in 2021 with 2020 firm revenue of $43.5 million.

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VNC Connect – A Remote Support Software Synopsis

Intuitive Accountant

VNC Connect lets you accelerate your business with secure remote desktop access and support for a connected world. It offers a free personal version and inexpensive business subscription plans.

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Happy 20th Birthday, Sarbanes-Oxley!

Going Concern

Sarbanes-Oxley was signed into law by President George W. Bush on July 30, 2002. The post Happy 20th Birthday, Sarbanes-Oxley! appeared first on Going Concern.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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How to avoid VAT penalties in UAE?

Simple Accounts

As you are on this page, we assume that you either live in the United Arab Emirates or are curious about the subject. In either case, you are in the right place. We cannot avoid paying taxes in our daily lives. We all pay taxes every day in one way or another. So, it’s important to keep up with the latest developments. In UAE, most of the goods and services are subject to Value Added Tax.

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Key Skills for Accountants in A Post Pandemic World

Accounting Insight

The pandemic has forced everyone to change their business model! As businesses come out of hibernation and ramp up operations to meet the demands of a post-crisis economy, CFOs are expecting a different set of skills from accountants of the future. The next generation of accounting and finance professionals needs to be dynamic, versatile, and comfortable working with latest technology and software.

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Splashtop – A Remote Support Software Synopsis

Intuitive Accountant

Looking for a remote software solution alternative that offers more bang for your buck? Depending on your exact requirements, Splashtop might be what you've been waiting for.

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The Accounting Profession is Scaring Away Gay People (and Lesbians, and Transgender People, and…)

Going Concern

Despite accounting firms changing their Twitter logos to rainbows for the month of June, a shocking number of LGBT accountants are straight up leaving the profession because they feel they don’t belong. This is very bad news considering how shallow the talent pool is to begin with. Thomson Reuters on IMA and CalCPA research : LGBTQ+ accountants’ high attrition rate — with one-in-five LGBTQ+ respondents in the US reporting they have left the profession due to a lack of DEI — is highlighted

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Alert: IRS Sends Incorrect Balance Due Notices on Married Filing Jointly Returns

Nancy McClelland, LLC

(c) Matthew G. Bisanz, CC BY-SA 3.0 via Wikimedia Commons. After Forbes reported in early July that starting a month earlier, tax professionals had noticed a higher-than-usual volume of CP-14 notices — the type typically issued when a taxpayer has a balance due on their account — the IRS has finally admitted that this is a systemic issue.

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Construction Executive Names Withum in Annual Top Firm List

Withum

Withum is proud to announce that Construction Executive , a leading publication in the construction industry, named Withum in their list, The Top 50 Construction Accounting Firms. Constructive Executive’s Top 50 ranking is determined by an algorithm weighing key factors such as construction and architectural & engineering practice revenue, percentage of total firm revenue, number of CPAs and Construction Industry Financial Professional Certifications (CCIFP®), office locations and founding

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Keeping Your Guard Up

Intuitive Accountant

The new remote work era has made it easier for criminals to execute payment fraud attacks. Corpay's Tony Carothers discusses how to defend your company on the new frontier.

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Monday Morning Accounting News Brief: EY Exploitation; Ethics Training Sucks; Stick Around in Public? | 8.1.22

Going Concern

Happy Monday! Here are your headlines. SOX turned 20 over the weekend. SEC Chair Gary Gensler had some things to say about Sarbanes-Oxley’s past, present, and future. Tim Ryan on leadership : “Too often, I find in corporate America, we go into the huddle where we agree on a pass play but not on what routes everybody is running,” he said in a recent interview. “My experience has taught me that one of the enemies of great teams is lack of clarity, on the part of our leaders

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Amazon x PayPal: Is It Possible? Alternative Ways to Accept Payments on Amazon

Snyder

Whether you’re selling on Amazon as a third-party seller or you’ve opened your own store, the demand for payment options will become apparent quickly. The good news is that there are various ways to accept payments on Amazon. The bad news is that each option has its own drawbacks and limitations. This post will provide you with all the information you need about how to receive money on Amazon and learn alternative ways to get paid via PayPal.

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Using tax technology to boost agility and retain staff

ThomsonReuters

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. The mass exodus of employees from the workforce—known as The Great Resignation—is impacting the accounting profession and leaving firm managers scrambling to find quality staff.

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Your Firm’s Guide to Remote Work

Intuitive Accountant

With 25% of all professional jobs in the US expected to be remote by the end of 2022, employees working from home is a regular thing. FFP Wealth Management's Joseph Graziano offers some tips for your firm to make it work.

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CalCPA BUZZ: Service Award Winners Announced

CalCPA

The following CalCPA Service Awards were presented at CalCPA’s Annual Meeting July 28: Outstanding Accounting Educator Award Dr. Gary Schneider, CPA CSU, Monterey. The post CalCPA BUZZ: Service Award Winners Announced appeared first on Hot Topics.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Let’s Take a Quick Tour of EY’s Metaverse Space (It Doesn’t Suck)

Going Concern

When the first glimpses of KPMG’s metaverse space appeared earlier this summer, my first thought was how much it looked like first-person shooters I played 20 years ago. I was also struck with a sense of deja vu, it looked oddly similar to the Maryland Association of CPAs’ CPA Island in Second Life which existed a whole 15 years ago (when the PS3 was still new).

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Irreplaceable: How accountants can reverse the DIY tax return trend

ThomsonReuters

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software. After all, what’s the difference when it’s just about plugging in numbers, right?

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Managing Remote Teams

Intuitive Accountant

In the post-pandemic world, remote working is here to stay. Arc Management's Tate Henshaw offers the three biggest things every firm should do to make it work.

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Are outsourcing accounting services a good idea for a mid-sized business?

Basis 365

Accounting is not dependent on the size of the company. It is equally essential for all businesses. Financial aspects are important to businesses as they provide insight into their finances and help them make informed decisions. Larger companies usually have a team of qualified accountants and bookkeepers who help them achieve accuracy and maintain proper accounting.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.