Sat.Sep 07, 2024 - Fri.Sep 13, 2024

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Accounting Co-Sourcing: What Does It Mean and When Is It the Right Solution for Your Business? – Recording

Cherry Bekaert

What exactly is accounting co-sourcing? How is it different from outsourcing? During this CPE webinar, we will explore the differences and dive into how co-sourcing can benefit accounting departments of various sizes and when a co-sourcing model is an appropriate solution over outsourcing. Learning Objectives: Understand the definition of accounting co-sourcing Identify specific areas or projects where co-sourcing is appropriate Determine the right accounting solution model to support your organ

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Why Your Accounting Firm Needs Managed IT Services

CPA Practice

By Dr. Sangeeta Chhabra Efficiency and speed matter more than ever in today’s business environment—and for the majority of accounting firms. Managed IT services are a sure way to bring those elements to your practice. These services scale IT infrastructure to help accountants speed up accounting services, manage the workforce, adhere to global compliances, and lower operational costs.

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Can AI Solve the Talent Shortage and Win Over Gen Z in Accounting?

Accounting Insight

Cameron Ford, UK general manager at Silverfin, thinks it will – provided firms include HR in their strategy. According to the ATT, the UK accounting industry will experience a shortage of 60,000 accountants by 2050, with areas like Manchester and Nottingham already feeling the pinch. From my experience including a stint at a big four firm, and providing accounting software to the sector, I can’t argue with the trajectory.

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How CPAs Can Help Clients with Real Estate and Residential Changes

CPA Practice

By Nikki Buckelew, Ph.D. Accounting professionals are often called upon by their clients with questions concerning residential changes. Those nearing retirement or on a fixed income often need to know what the financial and tax implications might be should they sell a longtime family residence, a second home or real estate included in their portfolio.

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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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Office Supply Fraud is Sneaky, But Preventable

RogerRossmeisl

Office supply scams are a tricky type of vendor fraud that generally use behavioral psychology and often depend on poor intraoffice communications for their “success.” Although they may not result in huge financial losses for defrauded companies, falsified invoices can add up to many thousands of dollars. Fortunately, you can help prevent them. How scams are perpetrated Office supply schemes typically begin as telemarketing fraud, with someone calling your business to obtain your street address

CPA 262
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Tax Relief in Disaster Situations

Patriot Software

When disaster strikes, you have a lot on your mind. Your first thoughts might be of repairing damages and getting your business back up and running. But then, it hits you … Oh no, my taxes are due soon. Thankfully, there’s tax relief in disaster situations.

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Audit teams missed risks of material misstatement by banks

Accounting Today

The Public Company Accounting Oversight Board staff released a report Monday on last year's banking crisis.

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Essential Tips for Personal Branding on LinkedIn

Summit CPA

Donna Serdula, Founder and President of Vision Board Media and LinkedIn expert, joins the show to dive into the nuances of personal branding on LinkedIn.

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You Couldn’t Pay Me Enough to Make Accounting Sound Cool

Going Concern

As seen on Australian Financial Review , a university is handing out a total of $10,000 ($6,659 in freedom bucks) in prize money to any students who can make a compelling case for accounting as a career in a TikTok or Instagram Reel. The pitch: View this post on Instagram A post shared by Paul Andon (@bized2052) The contest is open only to UNSW students over the age of 18 who reside in Australia so no one in our audience get any bright ideas.

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Why are some states’ sale taxes higher than others?

TaxConnex

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. Why? The federal income tax has just seven brackets to cover the whole span of what somebody can make. Why do the states with sales taxes have such a range, from the high combined state and local taxation (pushing 10%) of Louisiana, Tennessee, Arkansas and Washington to the lows of Alaska , Wyoming and Maine.

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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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What You Can Do About Workers’ Comp Fraud

RogerRossmeisl

Workers’ compensation insurance can provide medical care and financial assistance to employees who are injured or incapacitated at work. However, this important benefit is also subject to fraud perpetrated by dishonest workers. The Coalition Against Insurance Fraud says that 16% of workers’ comp claims are fraudulent, adding up to $9 billion in annual losses.

CPA 264
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PwC lays off 1,800 employees in U.S.

Accounting Today

The cutbacks are a sign of further retrenchment among the Big Four firms.

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Celebrating 100 Episodes of Startup Success with Lessons from a $3.2 Billion Exit

BurklandAssociates

Peter Reinhardt and Jeff Burkland share the inside scoop on Segment’s growth journey. Plus, an exciting look at the future of carbon removal with Charm Industrial. The post Celebrating 100 Episodes of <i>Startup Success</i> with Lessons from a $3.2 Billion Exit appeared first on Burkland.

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Bloomberg Tax Predicts 2025 Standard Tax Rates, Standard Deductions, and AMT

CPA Practice

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% from 2024. This is about half the increase in 2024, and a significant drop from the 7.1% increase in 2023. The full report is available at: [link]. Bloomberg Tax’s annual Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustm

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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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Understanding Taxes on Real Estate Gains

RogerRossmeisl

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership or S corporation. You may expect to pay Uncle Sam the standard 15% or 20% federal income tax rate that usually applies to long-term capital gains from assets held for more than one year.

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Show financial leadership via the art of storytelling

Accounting Today

Storytelling has many practical applications for accountants. Here's how to SPAR with your audience.

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10 Steps To Creating A Successful Exit Plan For CEOs

GrowthForceBlog

8 min read September 12th, 2024 This year, the Baby Boomer generation is hitting what's being called "peak 65." This means that more people than ever before are reaching retirement age with over 11,200 Americans turning 65 every day in 2024. Baby Boomers are currently the CEOs of about 75% of all Fortune 500 companies, and according to the Exit Planning Institute's 2023 National State of Owner Readiness Report, Baby Boomers own 51% of businesses in the United States.

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Focus & Flow: The ADHD Accountant’s Survival Guide

CPA Practice

One of the best developments over the past few decades is the growing awareness and understanding of neurodiversity. Attention Deficit Hyperactivity Disorder (ADHD) is one such form of neurodiversity that affects many people in the world. While often associated with children (affects about 11.3% of children in the US from ages 5 – 17 years), ADHD persists into adulthood for many.

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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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Cash or Accrual Accounting: What’s Best for Tax Purposes?

RogerRossmeisl

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify. However, some businesses may be better off using the accrual method. Therefore, you need to evaluate the tax accounting method for your business to ensure that it’s the most beneficial approach.

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AICPA, NASBA propose competency-based path to CPA

Accounting Today

Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.

CPA 133
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Creating A Strong Personal Brand For Your Construction Business

Randal DeHart

In today's competitive business landscape, establishing a personal brand is essential for standing out in the construction industry. Whether you're a contractor, architect, or engineer, cultivating a professional image differentiates you from competitors and fosters trust and credibility among clients and partners. The words "personal brand" are still somewhat controversial and carry an unfortunate cast of self-promotion and vanity.

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Forensic AI Accounting: A New Era of Proactive Fraud Monitoring is Coming

CPA Practice

By Tod McDonald, CPA, CIRA. Fraud thrives on obfuscation. For decades, criminals have been exploiting the massive volume and complexity of financial data to steal and hide money. Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. As a result, fraudsters can get away with even the simplest schemes.

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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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One Spouse’s Tax Errors May Qualify the Other for Innocent Spouse Relief

RogerRossmeisl

Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason for such a bill has to do with the concept of “joint and several” liability. When a married couple files a joint tax return, each spouse is liable for the full amount of tax on the couple’s combined income.

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New BOI guidance issued for short-lived entities and foreign cos.

Accounting Today

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.

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Accounting Seed Sponsors Dreamforce 2024, Following Major Product Launches, and Inc. 5000 Recognition

Accounting Seed

COLUMBIA, Md. – September 12, 2024 – Accounting Seed , a leading cloud-based accounting platform built on Salesforce, proudly announces its sponsorship of Dreamforce 2024. This prestigious event sponsorship comes on the heels of several significant product advancements for the company, including the launch of AP Automation , AR Automation and Multi-book Accounting.

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Survey Results Are In: Charting the Future of Accounting

CPA Practice

By Chris Howard Executive Summary The accounting profession stands at the precipice of transformative change driven by rapid advancements in technology and evolving client expectations. This Canopy and CPA Practice Advisor survey asked respondents to share where they currently were and where they thought their firms would be three to five years from now on topics like automation, AI integration, workforce dynamics, remote work models, client interaction, digital transformation, security and more

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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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Valuing a Business for a Dissenting or Oppressed Shareholder Case

RogerRossmeisl

Shareholders who own a minority interest in a business may not always agree with key decisions made by controlling shareholders. For instance, a minority shareholder might object to a stock-for-stock or “squeeze-out” merger. Or, if a proposed transaction will reduce a minority shareholder’s compensation or divert corporate assets, that individual may file an oppression suit.

CPA 254
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Accounting Today calls for nominations for 2024 Top 100 People

Accounting Today

The annual list recognizes thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

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Friday Footnotes: Someone Hates the Quality Control Standard; EY Associate Doesn’t Care; Deloitte Doesn’t Build Ships | 9.13.24

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. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Retail Sales Grew in August as Inflation Decreased

CPA Practice

Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, presented by the National Retail Federation. “Retail sales data shows that consumers continued to spend on household priorities in August,” NRF President and CEO Matthew Shay said.

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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.