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| Brought to you by the Maryland Association of CPAs |
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| | | | Podcast: Riding out the Great Resignation | | In a Great Resignation world, what can employers do to keep keep their employees happy and productive? Recruitment and retention expert Gabrielle Bosche has some ideas in this week’s “Future-Proof” podcast. (From the MACPA) |
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| | | What's next for Elon Musk and Twitter? | | Twitter has accepted the $44 billion takeover offer, but there are plenty more questions to be answered about the company’s future. (From The New York Times) |
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| | | How would Jeff Bezos disrupt the profession? | | What if Jeff Bezos chose the accounting profession instead of starting that little online bookstore so many years ago? Although he may not have a net worth of $181 billion as he does today, the accounting industry would probably never be the same. (From Accounting Today) |
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| | | | Supreme Court allows deadline waiver in tax case | | The U.S. Supreme Court, in a unanimous decision, has reversed an Eighth Circuit decision upholding the Tax Court’s refusal to hear a taxpayer’s challenge to an IRS assessment. (From Accounting Today) |
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| | IRS adds new guidance on Child Tax Credit | | The Internal Revenue Service revised its answers to frequently asked questions on the Child Tax Credit, adding a new set of six commonly asked filing season questions. (From Accounting Today) |
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| | | IRS proposes to amend estate and gift tax regs | | The IRS has issued proposed regulations that would provide an exception to the anti-“clawback” special rule that preserves the benefits of the temporarily higher gift and estate basic exclusion amount. (From the Journal of Accountancy) |
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| | | | | (05/13) Forensic Valuation Conference | | Business valuation, litigation support, and forensic accounting have all seen massive changes in the last few years thanks to new regulations, legislation, and technological developments. MACPA has designed the Forensic Valuation Conference specifically to serve the critical niche of CPAs involved or interested in these sectors. |
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| | | (05/24) Business & Industry Conference | | The Business & Industry Conference will give not only CPAs but all financial professionals in the business and industry sectors updates on recent trends. This year’s speaker is nationally recognized Gabrielle Bosché! |
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| | | Celebrate Our Profession: Fund Our Future Spring Event! | Let’s Join Together to…Celebrate Our Profession: Fund Our Future
Be a part of THE must-attend event this Spring, as we gather together to celebrate the many accomplishments made in the profession and raise funds to help fuel the successes of future CPAs.
The event will start with a networking reception at Maryland Live! followed by the recognition of the many Maryland leaders who have missed their much-deserved accolades in light of the pandemic. The celebration will also serve as our main fundraising event for the Foundation, which provides scholarships and empowers the future of our profession. |
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| | | 2022 MACPA Beach Retreat + Annual Meeting | | The annual MACPA Beach Retreat is a CPE experience that’s unlike any other and we are very excited to have you join us IN PERSON this year! Network with fellow leaders in the profession and enjoy the beautiful Ocean City beach / boardwalk. Members are also encouraged to bring families and make Beach Retreat part of a working vacation. Multiple courses are offered every day of the retreat, and participants are invited to take as many (or few) sessions as they like. |
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| | | 2022 Student Leadership Academy | June 29-30 – TOWSON, MD
Attend the 2022 Student Leadership Academy to accelerate your success in the accounting/finance profession and learn which pathway is right for you! |
| Be uniquely oriented to the Accounting and Finance profession and the important role you can play while learning what the designation CPA can do for your career |
| • | Meet top leaders in the profession |
| • | Encounter potential future employers through sponsor and firm involvement |
| • | Perfect and present your resume to Maryland employers |
| • | Connect with other top accounting and finance students |
| • | Take an in-depth look at your skills and strengths that will further your success |
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| | | | | In audit, new tools are easing a difficult task | | Auditing is, at best, a cumbersome and time-consuming engagement. Whether it’s an audit of internal controls, or one to produce audited financial statements, there’s always a fairly complex and time- and labor-intensive effort required. (From Accounting Today) |
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| | | FASB updates GAAP FAQs, proposed taxonomy changes for SEC No. 121 | | The Financial Accounting Standards Board staff has issued an update to the GAAP FAQs to include new guidance for disclosing how to tag treasury shares at the end of the period in the Statement of Financial Position that includes a reconciliation of the beginning balance to the ending balance. (From FASB) |
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| | FASB steps closer to LIBOR accounting relief extension | | The Financial Accounting Standards Board has issued a proposed accounting standards update that is poised to pave the way for a two-year extension of the current relief preparers of financial statements now have regarding how they must account for the switch away from the scandal-plagued London Interbank Offered Rate as a benchmark index for pricing debt obligations. (From CFO Dive) |
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| | Most companies unable to gauge whether suppliers meet ESG goals | | Most CFOs and other top executives said they are unable to accurately assess whether their suppliers meet environmental, social and governance standards even as they face growing pressure from regulators to disclose sustainability measurements such as carbon emissions. (From CFO Dive) |
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| | | | Cannabis software: A generation behind | | With cannabis now medically legal in 38 states, and fully legal in 18, a multibillion-dollar market has emerged, and with it a new class of specialized accountants devoted to servicing this burgeoning industry. Yet professionals in this space complain the software used for this purpose remains at least a generation behind what one would expect, lacking many of the features and integrations that accountants in other industries take for granted. (From Accounting Today) |
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| | The four pillars of effortless succession planning | | Accounting firms today are dealing with a double whammy that makes succession planning problematic. First, a wave of retirements as baby boomer owners retire. And second, a staffing shortage made worse by the pandemic. These two feed on each other and make both problems worse. (From Accounting Today) |
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| | How to transition from accountant to advisor | | The beauty of being an advisor is that you can, and should, offer services that interest you and benefit your clients. If your services are profitable but uninteresting, they will not be fulfilling. (From CPA Practice Advisor) |
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| | Why CPA firms need a top-notch website | | How do your potential clients reach you? Does your firm rely on referrals or word of mouth? Do you attend tradeshows and participate in community events to meet potential clients? While all of those are valid ways to attract new business and grow your firm, one of the best ways to reach prospects is to have a top-notch website. (From CPA Practice Advisor) |
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| | | | Denial-of-service attacks spike due to Ukraine war | | There were 91,052 distributed denial-of-service attacks in the first quarter, four-and-a-half times higher than in the same quarter a year ago, and about 44% of attacks were directed at targets in the US, according to Kaspersky. (From TechRepublic) |
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| | Boomer: The Metaverse will turbocharge collaboration | | Advances in processing power, bandwidth, storage space and search capabilities mean that collaboration and interactivity will come to define the accounting profession going forward, according to L. Gary Boomer, visionary and strategist of Boomer Consulting — and the Metaverse will be key. (From Accounting Today) |
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| | | | 6 strategies to upskill your workforce | | The World Economic Forum estimates that more than half of all employees around the world need to upskill or reskill by 2025 to embrace the changing nature of jobs. (From Harvard Business Review) |
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| | | How to ensure career opportunities for remote workers | | As some workers start returning to the office, an employment lawyer says companies should review their approach to career development for those continuing to work from home to avoid the risk of constructive dismissal claims. (From Bloomberg) |
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| | | Diversity, equity, inclusion |
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| | | Our DEI role model might just be ... sports | | If women can join the ranks of some of the most male-dominated professions in the world, surely we can figure out how to make the accounting and finance profession a bit more diverse … can’t we? (From the MACPA blog) |
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| | Diversity hiring gains speed in accounting: AICPA | | U.S. employers have expanded the diversity of new staff in accounting and finance, with the portion of Black or African American, Asian or Pacific Islander, and Hispanic or Latino hired at organizations rising to 34.8% in 2020 from 30.1% in 2018. (From CFO Dive) |
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| | | | Practitioner perspective: Relief on tax deadline day | | Hear from Janet Dibiasi of Wiss & Company on how implementing SafeSend Returns provided relief to staff – especially on tax deadline day. Learn how automated solutions in the SafeSend Suite helped the firm provide quick, efficient service to their clients. Watch the video. (From SafeSend) |
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| | | Get 20% off AccountantsWorld software | | AccountantsWorld, the first professional accounting software designed specifically to help you offer full Client Accounting Services, is now available to MACPA members at an exclusive 20% discount off their first-year cost. Learn more here. (From AccountantsWorld) |
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