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Latest….
CRI Expands Into Oklahoma After Merger with Stanfield + O’Dell
CBIZ Acquires Top 100 Accounting Firm Somerset
Tax Season Got Off to a Rough Start in Oregon
Florida CEO Gets 32 Months in Prison for Tax Evasion
Webinars….
CPE Webinar January 11, 2023: Challenges for the Small Firm
CPE Webinar December 9, 2022: Wrangling and Taming Property Tax Compliance Returns and Filing
Events….

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

Accounting & Audit
2023 NJCPA Convention & Expo
Borgata Hotel & Casino, Atlantic City, June 13-16, 2023.
Thought Leaders….

Randy Johnston

Jim Boomer

Roman Kepczyk
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Jeannie Ruesch

How Organic Social Media Can Help Your Firm
While many firms have used paid social media at some point, fewer have invested in their organic social media marketing.

The Technology Lab Podcast – Review of FileThis – Jan. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review FileThis, a cloud tool that digitally gathers personal or business financial documents, across all of the financial, sales and ecommerce sites you use.

Biden Vows to Veto GOP Plan to Abolish the IRS
The president also would veto bill by House Republicans to replace current tax system with a flat consumer tax.

CRI Expands Into Oklahoma After Merger with Stanfield + O’Dell
Carr, Riggs & Ingram now has its first location in Oklahoma after combining with Tulsa-based Stanfield + O’Dell.
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CBIZ Acquires Top 100 Accounting Firm Somerset
Somerset has been providing accounting, tax, and financial advisory services to clients in a wide array of industries for more than 60 years.

Tax Season Got Off to a Rough Start in Oregon
The Oregon Department of Revenue sent personal tax refund info for 5,000 taxpayers to the wrong address.

Florida CEO Gets 32 Months in Prison for Tax Evasion
To conceal the fraud scheme from the second company and evade taxes on his income for those years, Cory invented fictitious owners, made false representations to his employer, and falsified emails and …

The Technology Lab Podcast – Review of Hubdoc – Feb. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Hubdoc, an online tool that helps businesses and firms digitize and automate the management of financial documents, receipts and invoices, and import them into accounting systems.

82% of Texans in Favor of Legalizing Medical Marijuana
While 66% of those polled said they believe legalization would be good for state and local government revenue, there were concerns by many about whether it would encourage increased use.

Outsourcing is a Tool Being Used More by Corporate Tax Executives
83% of chief tax officers are planning to use outsourcing, cosourcing, or managed service alliances this year.

Companies With Job Openings Are Cutting Degree Mandates
64% of hiring managers say the bachelor’s degree requirement was eliminated to increase applicants.

FASB Votes to Move Ahead with Proposed Crypto Asset Accounting Standard
Companies would be required to measure crypto assets, like Bitcoin and Ethereum, using fair value accounting.

U.S. Job Openings Pass 11 Million
Vacancies at U.S. employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.

Consumers Plan to Increase Valentine’s Day Spending to Nearly $26 Billion
Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record.

Top 50 Firms Berdon and Citrin Cooperman Say They Are Uniting
Citrin acquired the nonattest business of Berdon; Berdon will continue to provide attestation services to clients.

Special Report: Focus on Remote Work
In this special report we address the concerns, intricacies, solutions, and benefits related to remote work, including out-of-state, workers.

6 Time Management Tips for Accountants
Mastering time management is crucial for every accountant. Learning how to prioritize tasks, leverage technology, plan for complex projects and streamline meetings can go a long way in …

From RMDs to Student Debt, SECURE 2.0 Offers a Lot
While the law contains nearly one-hundred new retirement provisions, following is a summary of some of the most notable changes …

SobelCo Team Members Join CLA, Establishing New Jersey Offices
The New Jersey accounting firm SobelCo has joined CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, effective February 1, 2023.

64% of Americans Live ‘Paycheck-to-Paycheck’
The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners, a new study shows.

U.S. Housing Market Down 2.5% Since June 2022
Last year’s run-up in mortgage rates cast a chill on the housing market, leading to the worst annual slide in sales of previously owned homes in more than a decade.

Avalara AvaTax, Returns, and Exemption Certificate Management Achieve SOC 2 Type 2 Compliance
The audit provides customers with assurance that Avalara is accountable, responsible, and transparent when it comes to the handling and security of their …

Survey: 40% of U.S. Companies Reported a Data Leak in the Past Year
A big cause of data leaks is improper implementation of zero trust and full trust approaches, SysKit says.

Changes to Tax Credits and Deductions Could Mean Smaller Refunds or Higher Taxes in 2023
Certain tax credits for children and dependents have been reduced, and the charitable deduction some taxpayers took advantage of during the pandemic years is no longer so easy to claim.

Professionals on the Move – January 2023
Professionals on the Move is a round-up of recent hiring and leadership announcements in and around the accounting profession.

Georgia CPAs Advocate for Profession at State Capitol
CPA Day attendees enjoyed a networking breakfast followed by a legislative update.

New Law Boosts Catch-Up Retirement Contributions
New legislation dubbed “SECURE Act 2.0,” a follow-up to the 2019 SECURE Act, provides several enhancements, on top of inflation indexing already in place for certain plans.

FICPA Members “Hike the Hill” in Tallahassee to Advocate for CPA Profession
he event – which was the Institute’s second full-member, fly-in advocacy day – brought FICPA members together with lawmakers to advocate on behalf of the CPA profession in Florida.

U.S. Consumer Confidence Declined in January
The Expectations Index is below 80 which often signals a recession within the next year. Both present situation and expectations indexes were revised up slightly in December.

58% of U.S. Businesses Plan to Add New Jobs in 2023
While many companies are eager to hire, 9 in 10 managers said it’s challenging to find skilled professionals, on par with results from the prior State of U.S. Hiring Survey.

How Organic Social Media Can Help Your Firm
While many firms have used paid social media at some point, fewer have invested in their organic social media marketing.

When Will U.S. Workers Get Paid Leave? Maybe 2035
Most wealthy countries provide workers with paid time off when they become parents. The U.S. does not.

PayPal and Venmo Now Available as Trusted Payment Methods within QuickBooks Online
PayPal and Venmo, two of the most popular ways for consumers to pay, are now integrated with QuickBooks Online. For your clients, that means online checkout includes options to…

Armanino’s 2023 New Partner Class is Largest in Firm’s History
Half of the new partner class are women, with many completing the firm’s Executive Access Program.

Trump Used FOIA Requests to Get Look Behind the Scenes of Talks Over His Taxes
Trump filed several public records requests while trying to block his tax returns from becoming public.

FAF Widens Access Online to FASB and GASB Standards
FAF hasn’t set a firm date for this change to online access to accounting standards, but it’s expected this spring.

Think Physics is Hard? Try Self-Employed Tax Liability
Tax pros aren’t likely to be confused with Einstein, yet areas of tax are moving from the intuitive to the concrete.

Ex-IRS Employee Found Guilty of Fraud and Identity Theft
As a preparer, Deena Vang Lee put false information on clients’ returns without their consent.

The Technology Lab Podcast – Review of FileThis – Jan. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review FileThis, a cloud tool that digitally gathers personal or business financial documents, across all of the financial, sales and ecommerce sites you use.

Americans Aren’t Getting Enough Exercise
Less than a third of U.S. adults meet suggested benchmarks for aerobic and muscle-building activities set out by health officials, according to a new study released Thursday.

6 SECURE Act 2.0 Changes to Plan for in 2023
With the act containing upward of 100 new retirement provisions, here are six of the most notable changes taking effect this year.

Highlights of SECURE Act 2.0 for Individuals
SECURE Act 2.0 includes numerous significant provisions affecting individual retirement savers. Following is a brief roundup of several key changes.

CohnReznick Adds 19 to Partnership
“They will play a critical role in helping to advance our clients’ goals and our own,” said CEO David Kessler.

Moss Adams Admits 36 New Partners
“I’m proud to have this group join our partnership,” said Moss Adams CEO and Chairman Eric Miles.

W2 Statements Due to Employees and SSA by Jan. 31, 2023
Employers must also provide copies B, C and 2 of Form W-2 to their employees by January 31, 2023.

IRS Opens Free Online Portal for Businesses to File 1099 Forms
The Information Returns Intake System is expected to reduce the amount of paper Forms 1099 filed in 2023.

Highlights of the SECURE Act 2.0 for Businesses
The new SECURE Act 2.0, enacted late last year as part of a spending measure, features several notable provisions affecting individuals saving for retirement.

Manchin Floats Bill to End EV Tax Credits for Unqualified Cars
Treasury missed a Dec. 31 statutory deadline to release proposed rules for the new credits.