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Latest….
How to Become a Virtual CFO
The Tax Blotter – March 2023
Marketing & PR Leader Launches New Book on Brand Building
Accounting is One of the Worst at Gender-Pay Fairness, Poll Says
Webinars….
CPE Webinar May 23, 2023: Tax Workflow Automation: Make Your Tech Investment Count
Webinar: Challenges for the Small Firm
Events….

Events
Rootworks Empower 2023
Empower is a national event that brings together accounting professionals, their staff and the ecosystem that surrounds them. This event aims to provide opportunities to learn, be inspired and build a modern firm.

Accounting & Audit
Illinois CPA Society Summit 2023
Aug. 22-23, 2023. Rosemont, IL.
Thought Leaders….

Randy Johnston

Jim Boomer

Roman Kepczyk
![LBae43Bh_400x400[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/04/LBae43Bh_400x400_1_.5fd8087c94530.png)
Jeannie Ruesch

How to Become a Virtual CFO
A VCFO can work with any client in any location. You’re not bound by location, which dramatically expands opportunities for the companies you can provide services for.

Voting Opens for 2023 CPA Practice Advisor Readers’ Choice Awards
The Readers’ Choice Awards are an opportunity to spotlight the technologies professionals rely on and trust to manage their firms, provide client service, and help those clients run their businesses.

Deadly Fungus Spreading Through U.S. – CDC Says 2,377 Cases
The infection rate has increased 95% in 3 years for the Candida auris, or C. auris — a potentially deadly and drug-resistant fungal infection, according to the CDC.

How to Become a Virtual CFO
A VCFO can work with any client in any location. You’re not bound by location, which dramatically expands opportunities for the companies you can provide services for.

The Tax Blotter – March 2023
Many of the changes for individuals in the Tax Cuts and Jobs Act (TCJA) are temporary and are scheduled to expire after 2025. But some are permanent provisions of the tax code.

Marketing & PR Leader Launches New Book on Brand Building
The Marketing Edge offers actionable and practical tips on performing a SWOT analysis, crafting SMART goals, building buyer personas, defining your unique value proposition,

Accounting is One of the Worst at Gender-Pay Fairness, Poll Says
According to a new Glassdoor survey, women feel most unfairly compensated when they work in finance.

Unhappy at Work? How to Tell Your Boss—And Not Get Fired
Employers don’t want to lose dedicated workers, so don’t remain silent. If you have an issue at work, speak up.

Derek Chauvin Pleads Guilty in Tax Evasion Case
The former Minneapolis police officer imprisoned for the murder of George Floyd failed to file returns in 2017 and 2018.

The Technology Lab Podcast – Review of Valid8 – March 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA evaluate Valid8.

The Ebb and Flow of the CFO’s Role: It’s Not Just About Numbers Anymore
CFOs are pushing their teams of representatives from across the business (not just IT) to evaluate data analytics and business intelligence tools.

Accounting Top 100 Social Media Leaderboard – March 15, 2023
The Accounting Top 100 social media leaderboard scores and ranks users based on five separate metrics, each of which is weighted according to its perceived value.

FASB Sets Out Plan to Improve Income Tax Disclosures
The proposed ASU addresses investor requests for more transparency about income tax information.

PayPal, eBay Seek IRS 1099-K Relief for Online Sellers
The 1099-K Fairness Coalition wants Congress to ensure that casual online sellers aren’t burdened with the 1099-K form.

Can AI Actually Predict When an Employee is Going to Quit?
Many have argued that AI can replace repetitive job tasks but not the human intuition that many HR roles require.

Small Biz Job Growth Improves
The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry according to the latest Paychex | IHS Markit Small Business Employment Watch.

Real Estate Pros Expect Home Prices to Rise More Steadily Starting in 2024
the panel foresees price growth picking back up, at an average clip of 3.5% per year through 2027 – the same rate that prices grew in the relatively stable period from 1987-1999.

Tax Considerations for High-Net-Worth Individuals in 2023
Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.

The Technology Lab Podcast – Review of Valid8 – March 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA evaluate Valid8.

Budget Would Revive Monthly Child Tax Credit Payments in 2024
President would restore monthly $300 payments to families with children, but the proposal will likely meet opposition.

IRS Bolsters Digital Scanning Abilities
The IRS has scanned more than 120,000 paper forms 940 since the start of this year as part of its new Digital Intake initiative.

Business Execs Less Pessimistic on U.S. Economy
The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

Notable Tax Proposals in Biden’s 2024 Budget
President Biden’s FY 2024 budget—released today—proposes several tax changes aimed at wealthier taxpayers.

FBAR Update: Recent Changes to Reporting Assets Held Outside U.S.
Americans with a financial interest in or signature authority over a foreign financial account are required to file an FBAR if the aggregate value of all foreign accounts is more than $10,000.

Feds Charge 7 with $110 Million Tax Refund ID Theft Scheme
Charged with a conspiracy to claim $111 million in tax refunds using the stolen identities of accountants and taxpayers by filing at least 371 false tax returns.

Your Firm and Your Technology Stack
Think carefully about the areas where you can improve your operations. What is taking most of your team’s time? Where can we make evolutionary and revolutionary changes?

New Incentives for Qualified Charitable Distributions
The new law enhances the benefits of making “qualified charitable distributions” (QCDs) from a taxpayer’s IRAs.

Mark Crowley to Chair AICPA FinREC
Crowley is national office managing director at Deloitte & Touche, LLP. FinREC serves as the AICPA’s official voice on financial reporting matters

BILL Offers 4 Ways to Help Silicon Valley Bank Business Customers
BILL, a maker of financial automation software for small and midsize businesses (SMBs), has launched four new offerings for businesses impacted by the Silicon Valley Bank (SVB) events.

A Last-Minute Way to Increase a Tax Refund or Lower Your Tax Bill
Tax season may be in full swing, but there’s still time to make a smart money move that often goes overlooked by taxpayers.

Here is What Daniel Werfel Said to IRS Employees During His First Day as Commissioner
Werfel was sworn in Monday as the 50th commissioner in the history of the IRS.

Gusto Helps Clients Navigate Silicon Valley Bank Mess
The HR and payroll company has created a resource hub for customers that used the failed bank to fund payroll.

Whitman Retires as Baker Tilly CEO
Jeff Ferro, regional managing partner, has been appointed interim chief executive officer and Jeffrey DeYoung, managing partner, has been appointed chairman of the board of partners.

Secure 2.0 Offers New Tax Incentives for Small Business Retirement Plans
The credit is for businesses with up to 100 employees, but the credit is reduced by 2% per employee over 50 employees earning less than 100,000/year.

CLA Launches Paid High School Accounting Internships in 15 Locations
A strategic relationship between CLA and Future Business Leaders of America, Inc. (FBLA), helps students explore career paths and develop workforce readiness skills.

Court Says Most of California’s Gig Worker Law is Valid; Prop. 22
For gig workers, Prop 22 preserved flexible schedules associated with remaining a contractor but took away protections giving gig workers classification as employees.

2023 Changes for Required Minimum Distributions
These changes provide more flexibility and tax relief to owners of retirement accounts. If you have any questions, don’t hesitate to contact your tax and financial advisors.

Up to 45 Percent of Americans Have a Side Hustle
73% of workers with a side hustle are actively thinking about quitting their job. 60% of workers said that they would rather quit their job than return to the office five days a week.

Feds Say Silicon Valley Bank Deposits Safe, Create New Backstop
The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. jointly announced the efforts aimed at strengthening confidence in the banking system

Professionals on the Move – March 2023
Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession.

House GOP Spars with Janet Yellen Over Biden’s Tax Proposals
Republicans on the Ways and Means Committee gave the president’s latest budget request an icy reception.

Biden Moves to Protect All Deposits in Failed Silicon Valley Bank
The president said Monday his goal is to protect American workers and small businesses, not investors in the failed banks.

Global Employers Creating Cross-Border Pensions
Demand for international pensions and savings vehicles is continuing to grow as employers try to optimize their benefits packages for different groups within their global workforce.

5 Tips for Achieving Work-Life Harmony During Busy Season
From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging.

NetSuite Personalizes Cloud Training and Industry Skills Development
NetSuite MyLearn helps users accelerate NetSuite implementations, simplify employee training, and identify new features and use cases to optimize NetSuite.

Tax Court Disallows Mortgage Interest Deduction
The new case involves a complex series of transactions where three brothers intermingled their business and personal interests.

Collapse of Silicon Valley Bank is Largest Since 2008
The move by California state regulators to take possession of the lender on Friday and appoint the Federal Deposit Insurance Corp. receiver caps a vicious fall for a Silicon Valley stalwart.

Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency’s New Leader
“He’s extremely well-suited for his current assignment,” Mark Everson, IRS commissioner from 2003-07, said about Werfel.