Sat.Nov 12, 2022 - Fri.Nov 18, 2022

Accountant Busy Season: 5 Survival Tips for Accounting Busy Season

Snyder

Christmas cheer is just around the corner, but where does the other strange feeling come from? Ah, yes. Tax season. The first four months of every calendar year are the time when accountants are at their busiest. From January to April, there are few things that accountants do besides tax filing.

Fraud’s New Frontier: NFTs

RogerRossmeisl

When new technologies emerge, it can take time for the general public to learn how they work. Non-fungible tokens, or NFTs, first appeared in 2014, yet many people are still confused about what they are and how to buy and store them. This gives criminals who understand the technology an advantage.

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2022 Year-End Tax Planning Checklist

Withum

Single. DEDUCTION AMOUNT: $12,950. Married Filing Jointly. DEDUCTION AMOUNT: $25,900. Head of Household. DEDUCTION AMOUNT: $19,400. 2022 Tax Brackets and Rates. Taxable Income Over.

Five Ways to Incorporate Profitability Into Your Practice

Going Concern

It’s official, we have reached the exciting future 1950s sci-fi magazines promised us.

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Don’t let Black Friday blind you to sales tax obligations

TaxConnex

Holiday shopping season is here again – and eCommerce looks to be bigger than ever. But retailers looking forward to perhaps record online sales have to remember how to comply with widely divergent sales tax regulations.

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Worried About an IRS Audit? Prepare in Advance

RogerRossmeisl

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined.

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More Trending

7 Ways to Speed Up and Automate Accounts Receivable Communications

Lockstep

In today’s fast-paced, competitive business environment, it’s more important than ever to optimize your accounts receivable (AR) processes. One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy.

The Collapse of FTX

Withum

The past week has been one of the most eye-opening weeks in the history of the cryptocurrency industry, with one of the largest digital asset exchanges in the world filing for bankruptcy on Friday, November 11. How did this happen so quickly?

When a Valuation Professional Finds Fraud

RogerRossmeisl

Imagine you’ve got your eye on a business that seems like an attractive investment or acquisition target. It boasts strong earnings, competitive growth estimates and a clean balance sheet. But this business has a secret: fraud.

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Accountants aid clients struggling with inflation

Accounting Today

Accounting firm services Inflation Consulting Accounting Non-profits

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!

Lockstep Inbox Now Offers Certified Gmail Integration

Lockstep

Seattle, WA – (November 17, 2022) – Lockstep , the award-winning accounting automation pioneer, today announced that Lockstep Inbox now offers a Google-certified Gmail integration.

Someone Looked Up Audit Senior Salary Ranges at the Top 25 Firms to Catch Them Breaking the New NYC Pay Transparency Law

Going Concern

Investing in the Future with a 529 Education Plan

RogerRossmeisl

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans.

Audit partners expect to see inflation ease in 2023

Accounting Today

Inflation Economic indicators CAQ Audit

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How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

FTX Scandal: Fact vs. Fiction

BurklandAssociates

The FTX scandal and crypto winter will help differentiate crypto startups with scalable solutions, proper compliance, and financial discipline. The post FTX Scandal: Fact vs. Fiction appeared first on Burkland. CFO Insights Fintech

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The Guy Who Saw Enron Through Bankruptcy Calls FTX the Worst He’s Ever Seen

Going Concern

If you aren’t familiar with him, John J. Ray III oversaw Enron’s liquidation many years back and now he’s stuck with the monumental task of unraveling FTX after the crypto exchange collapsed last week.

Preventing “Privileged User” Fraud and Abuse

RogerRossmeisl

In most companies, employees need a user identity to access work-related hardware and software. Privileges to use certain applications or open certain files usually are provided to workers based on their department, role and level of authority.

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The death of the spreadsheet is gravely exaggerated

Accounting Today

Data visualization Data modeling Microsoft Technology Training Hardware and software

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!

December EOFY accounting checklist for NFPs

Accounting for Good

The post December EOFY accounting checklist for NFPs first appeared on ACCOUNTING FOR GOOD. Exclude From Blog Uncategorized

We Feel Obligated to Tell You About This Forensic Accountant Turned ‘Professional Girlfriend’

Going Concern

Insider ran a story the other day about Mia Lee, a former Wall Street forensic accountant who loves collecting scotch, racing fast cars, and fighting mixed martial arts.

In 2023, the Social Security Wage Base is Increasing

RogerRossmeisl

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages and self-employment income above this threshold aren’t subject to Social Security tax.

FTX users can't count on help from the IRS

Accounting Today

Cryptocurrency Investments IRS Tax Tax deductions

Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!

What is a Quality of Earnings Report and Why Might I Need It?

KROST

Financial data can be interpreted in several different ways depending on how it is looked at. The information extracted from a set of data and the importance placed on it is derived from circumstance and purpose.

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Unsubstantiated Rumor of the Day: Only Two Dozen People Sat For the CPA Exam in Delaware?

Going Concern

We have all heard that CPA exam candidate numbers are down, and in fact these numbers have been down for quite a few years. Nothing new there.

Plan Now to Make Tax-Smart Year-End Gifts to Loved Ones

RogerRossmeisl

Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion. The exclusion amount is adjusted for inflation annually, and for 2022, the amount is $16,000.

Lame-duck Congress eyes $100B tax-cut deal with break for business

Accounting Today

Tax extenders Tax credits Biden Administration Tax Tax breaks

The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

Looking to Improve Productivity and Efficiency? Automate.

AccountingDepartment

For many businesses, sudden bursts of growth may sometimes come at times that business owners least expect.

Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

Big 4. EY split threatens to weaken both sides of firm, say retired partners [ Financial Times ]. More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses.

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You May Be Liable for “Nanny Tax” for All Types of Domestic Workers

RogerRossmeisl

You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations.

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KPMG finds hybrid work helps with DEI efforts

Accounting Today

Diversity and equality Work from home Practice management KPMG

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!