|
|
| Brought to you by the Maryland Association of CPAs |
|
|
| | | | Podcast: Burn ladders, build bridges | | On the “Future-Proof” podcast this week, we dive into the “purpose” conversation with Dr. Alan Patterson, author of the new book “Burn Ladders, Build Bridges: Pursuing Work With Meaning And Purpose.” (From the MACPA) |
|
|
|
| | | Employers project 5.6% jump in health benefit costs | | With inflation eating wage gains, most workers would rather not see more money drained from their paychecks to cover healthcare insurance. At the same time, healthcare plans are the most expensive part of benefits packages. (From CFO.com) |
|
|
|
| | | Are you rich? The answer may surprise you | | Whether you are considered rich depends on how you measure it – and the bar for that is changing. Have a look at the numbers that define who’s wealthy today. (From Kiplinger) |
|
|
|
|
| | | | AICPA warning on 15% tax timeline goes unheeded | | The new 15% corporate alternative minimum tax contained in the Inflation Reduction Act passed by the U.S. House and Senate will put pressure on regulators to quickly develop guidance and CFOs to prepare new systems for compliance, according to Edward Karl, vice president of taxation at AICPA. (From CFO Dive) |
|
|
| | Corporations facing new book tax and stock buyback levy | | The Inflation Reduction Act that Congress passed Friday includes a new minimum tax of 15% on the book income of corporations that earn over $1 billion in revenue, along with a 1% tax on stock buybacks, and those provisions are likely to change the tax planning used by the largest companies and their accounting firms. (From Accounting Today) |
|
|
| | |
| | | | U.S. inflation outlook brightens as import prices drop | | U.S. import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and non-fuel costs, while consumers’ one-year inflation outlook ebbed in August, the latest signs that price pressures may have peaked. (From Reuters) |
|
|
|
| | Consumer sentiment rises on improved inflation expectations | | U.S. consumer sentiment perked up this month — sustaining a recovery from a record low in June — as a decline in the price of gasoline and other essential goods prompted expectations that inflation will slow, according to a preliminary survey by the University of Michigan. (From CFO Dive) |
|
|
| | ‘Inflation persistence has jumped’: Richmond Fed | | The longevity of inflation, or “the rough percentage of past inflation carried over to the next period,” has increased in recent quarters as price pressures rose to the highest level in decades, the Federal Reserve Bank of Richmond said in a study. (From CFO Dive) |
|
|
|
| | | | (09/22) Government Contractors Conference | | The Government Contractors Conference is designed to help CPAs and their team address the current issues affecting government contracts, enabling them to respond to opportunities and threats. We are still finalizing the agenda, so please check back soon. |
| If you’re a CFO, controller, or accountant employed by government contractors; a government employee; or anyone seeking to improve their awareness of the issues facing government contractors – don’t miss this event. |
|
|
|
| | | 2022 CPA Summit | Save the date – more details to come!
The 2022 CPA Summit date has been set, the half-day Summit will allow attendees to get 4.5 CPE hours. You don’t want to miss out! |
| Join us at this year’s event for a virtual, interactive conference featuring thought leaders from across the industry. Learn what it means to be a #FutureReady CPA from those with expert insight into the major trends affecting the profession. Learn a bit more about each section of the ecosystem. |
|
|
|
| | | MACPA Town Hall (September 2022) | | Join us for this MACPA all member update. We will host these monthly to bring you the latest in what impacts you and the CPA profession. |
|
|
|
| |
| | | | | IRS interest rates increase for Q4 | | The interest rates the Internal Revenue Service uses will go up for the quarter beginning Oct. 1, the agency said. (From Accounting Today) |
|
|
| | AICPA submits recommendations on Green Book trust and estate tax provisions | | The American Institute of CPAs has submitted a letter to Congressional Leadership of the Senate Finance Committee and the House Ways and Means Committee commenting on several trust and estate related tax proposals in the Department of the Treasury’s General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals, otherwise known as the Green Book, issued March 2022. (From CPA Practice Advisor) |
|
|
| | Tax Court approves vehicle deductions for side gig | | Does your client have a “side hustle” going on in addition to their full-time job? If they qualify, they may deduct certain expenses incurred by the self-employed business, including costs attributable to their vehicle. (From AccountingWEB) |
|
|
|
| | | | SEC backs tougher rules for audits involving multiple firms | | The Securities and Exchange Commission approved tougher standards for audits involving more than one audit firm, saying stricter rules will streamline coordination and communication between firms and improve audit quality and investor protection. (From CFO Dive) |
|
|
|
| | Firms look to trim SOX costs on 20th anniversary | | The Sarbanes-Oxley Act of 2002 required public companies to set up internal controls over financial reporting and have them audited by accounting firms, but with costs rising due to inflation, accountants are finding ways to save money. (From Accounting Today) |
|
|
| | IFAC offers online resource center for accountants | | The International Federation of Accountants unveiled a web page Tuesday that presents reports, documents, case studies and other materials with information that can be useful for practitioners. (From Accounting Today) |
|
|
| | Advisory services: Helping your clients make more money | | The rapid evolution of accounting technology has automated traditional compliance work. Small businesses and accounting professionals, alike, are beneficiaries of artificial intelligence built into accounting software and apps. (From CPA Practice Advisor) |
|
|
| | |
| | | | PCAOB drafts 5-year strategic plan | | The PBAOB proposed a draft five-year strategic plan Tuesday aimed at modernizing standards, enhancing inspections, strengthening enforcement and improving organizational effectiveness, while asking for public comments. (From Accounting Today) |
|
|
|
| | 'Cybercrime is big-game hunting now ... you need to be prepared' | | The global COVID-19 pandemic has exponentially increased the number of cyberattacks on companies, countries, and individuals. In a world of increasingly linked organizations, each target is a risk to others, and the financial damage wrought by these attacks can be significant. (From Financial Management) |
|
|
| | | | Five sobering stats that should be a wake-up call for employers | | It’s a stressful and scary time to be a hiring manager. Recruiting is as time-consuming as ever, but with added urgency and considerably higher stakes on the cost front. Shifting employee-employer dynamics, coupled with soaring salary offers, have made retention an even greater priority. Now for the really bad news: Things are likely to get more difficult before they get better. (From the Baltimore Business Journal) |
|
|
| |
| | | | Are hybrid workers more productive? | | More than two years since the start of the pandemic, many companies are still tweaking and refining their work strategies to find the option that provides the ideal mix of culture, employee satisfaction, productivity and morale. But some businesses are also taking the opportunity to experiment. (From the Baltimore Business Journal) |
|
|
|
| | Hybrid working: How cyber secure are accountancy firms? | | We have seen how the pandemic has compromised cybersecurity, with cybercriminals and scammers taking advantage of a reduced level of security at some companies resulting from the unexpected and rapid rise in homeworking. When it comes to the alarming statistics and reports around cybercrime, it appears that no industry or sector has remained unscathed. (From Accountancy Age) |
|
|
| | How to reward (and retain) your top performers | | At a time when retaining talent has become an imperative for most organizations, finance leaders will need to re-examine how they recognize and reward their top performers. Unless leaders understand what drives and ultimately retains their leading team members, they risk losing them to more talent-savvy organizations. (From Financial Management) |
|
|
|
| | | | How to match your hiring practices to your DEI goals | | Hiring employees isn’t everything when it comes to DEI efforts, but it can be an important step when hitting your broader goals. Here are some strategies to keep in mind as you consider inclusion through the lens of recruiting. (From Associations Now) |
|
|
|
| | Five things Black and Latina women need to hear from you | | Many associations have worked hard in recent years to create workplaces that are diverse, equitable, inclusive, and accessible. Still, they often struggle to retain employees from underrepresented backgrounds because leaders haven’t heard and responded to their needs. Here’s what to listen for. (From the ASAE) |
|
|
|
| | | | DigitalCPA 2022: Register by Aug. 31 and save $300 | | Put your future in focus at DigitalCPA 2022! Take your firm to the next level with the latest industry trends and technology. Join like-minded professionals in Austin or live online to earn up to 16 CPE credits. Get details and register here. (From CPA.com) |
|
|
|
| | | Join the 2022 CAS Benchmark Survey | | Participate now in the 2022 CAS Benchmark Survey! Help the profession understand how the practice area is evolving and benchmark best practices for CAS success, plus get an individualized report to see how your firm measures up to other firms. Start here. (From CPA.com) |
|
|
|
| | | Save time with AuditMiner's SOC 1 Toolkits | | We know it is a busy time of year, and AuditMiner’s SOC 1 toolkits are designed to save you and your team a lot of time! The SOC 1 Review Toolkit provides information identified in a service organization’s Type 2, System and Organization Controls Report. It’s an Excel workbook that comes pre-loaded with information identified by the service auditor and is designed to meet audit standards for review of the Type 2, SOC 1 report. The toolkits are $250 and can be purchased directly from our website. (From AuditMiner) |
|
|
|
| | | Aug. 31 webinar: Introducing the all-new Intuit Tax Advisor | | Join us in this session to learn about the brand new Intuit Tax Advisor software. Learn about how Intuit Tax Advisor can help your firm save time, increase your value, and save more money for your clients. We will be providing an overview of the major features and functionality of ITA and what challenges we are solving for. Enhance your tax practice with the only proactive tax planning tool that is integrated with Lacerte and ProConnect Tax. Register today! (From Intuit) |
|
|
|
| | | AccounTrends: A podcast from Intuit Accountants | | Tune in to AccounTrends, Intuit Accountants’ dynamic podcast for tax and accounting professionals hosted by Intuit’s Jasen Stine. Updated every two weeks, we will bring you insights and advice from the accounting industry’s top experts and thought leaders. AccounTrends is available on Apple Podcasts, Spotify, and Google Podcasts. Subscribe today! (From Intuit) |
|
|
|
| | | 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) |
|
|
|
| | | Sign up for CPACharge by Aug. 31 and pay no fees | | CPACharge provides tools for MACPA members and CPA firms nationwide to easily accept credit, debit, and eCheck payments online or in the office … and anyone who signs up for a new CPACharge account by Aug. 31 will pay no monthly fees until 2023! Get details here. (From CPACharge) |
|
|
|
| | | Webinar: Automation Tools that Make Staff Smile | | Outdated processes filled with manual tasks that haven’t been updated in years can cause anxiety and burnout among staff. Join SafeSend on as we examine automating client touchpoints across the tax engagement – gather source documents, collect digital organizers, assemble, and deliver completed tax returns, collect e-signatures, send reminders, and accept tax prep fees, just to name a few. In this webinar, we will talk about the SafeSend Suite and how a secure, intuitive, and guided online tax engagement experience for clients can elevate your firm’s image, fortify your relationship, and make staff and clients smile. Multiple dates are available. Register here! (From SafeSend) |
|
|
|
| | | Sage acquires Lockstep | | Lockstep, which makes software aimed specifically at accounting professionals, announced it will be acquired by business software provider Sage. (From Accounting Today) |
|
|
|
|
|
|
|
|
|
|
|
