when live events fail

how to do in-person conferences the right way.

by seth fineberg

some of you may know my views on the importance of live events in accounting. but now we’re witnessing a shift in why attendees go or need to go: human support.

more seth fineberg: getting real: accounting tech decisions you need to make todayaccounting tech doesn’t have to be daunting | who’s in control? you? or your clients? |  time management rule #1 for accountants |  plan to go ‘live’ post tax season |  why vc is a bigger threat than ai  |   what does taking control of your firm mean? | accountants need each other more than ever | marchternity: just say ‘no’ | some thoughts on in-person events | so you think you know accountants? | what bogs down accountants

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sure, cpe, networking, and quality content are indeed a thing when it comes to considering the time and expense of attending an in-person event. but accountants these days need more. they need each other more than ever.

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bill gates behind next-generation nuclear plant

the new plant could be in operation as early as 2029. 

by rick richardson
technology this week

even by wyoming standards, kemmerer is far away – it’s a 50-mile diversion from interstate 80.

more: your boarding pass could onboard hackers | generative ai coming to microsoft 365 | electronic skin that can sense touch will transform robotics | chatgpt passes cpa exam on second try | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trick
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it draws tourists who stop by to look for local fossils, even though its elevation is higher than its population. however, different types of fossils, or fossil fuels, produce the best jobs. three power plants are powered by a coal mine and gas wells, which together employ around 450 people. however, kemmerer officials see the writing on the wall with the declining use of fossil fuel and all the efforts to migrate to cleaner energy.
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why the u.s. must act now to protect our online privacy

lawmakers need to step up. don’t expect big tech to help.

by jonathan baron

i’m thankful for the european union. they watch out with much more diligence to protect privacy and do so with an eye to cybersecurity as well. but at least our regulators in the u.s. are fairly good, but slow, followers.

more cybersecurity: top tax vendors caught red-handed selling private taxpayer data | how hacker-proof is your firm?it takes a village to stop cybercrime | one-third of cyber attacks involve small businessescyber insurance costs rise in health care as attacks soarthe why, what and how of cybersecurity for accountantswhen cyber-crime hits close to homecybersecurity for tax professionals |

more jon baron: top tax vendors caught red-handed selling private taxpayer dataclient accounting services poised to surge in post-corona worldtax pros retake market share from diyersthree new technologies that will change everything [video]economic mega-trends [video]today’s best opportunities for accounting firms [video]re-invest in your firm or get out? [video] when tax work dies [video] the big shift and the shakeout [video]why the u.s. lags the world in tax tech [video]

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i was reminded of this because the other day, i received my quarterly report from deleteme, which i use to periodically clean up my data being bought and sold without my knowledge on the open market. since our last report, my wife and i have had over 20 new third parties needing cleanup. unbelievable.

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remembering john stokdyk

john stokdyk
stokdyk

the profession mourns a loss.

by seth fineberg
at large

how does one honor a life? it’s a heavy thing upon initial approach. but when you start from a point of celebration of what was lived and not mourning what was lost, i think you begin down the right path. but this isn’t about me or anyone other than the man i knew barely eight years of chronological time and who, i believe, should be remembered in the accounting community.

more seth fineberg: who’s in control? you? or your clients?time management rule #1 for accountants |  plan to go ‘live’ post tax season |  why vc is a bigger threat than ai  |   what does taking control of your firm mean? | accountants need each other more than ever | marchternity: just say ‘no’ | some thoughts on in-person events | so you think you know accountants? | what bogs down accountants

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to know john stokdyk as an editor, thinker, avid statistician and collector of all manner of data on accountants and related technology only touches the surface. i met him as he still held the editor title of accountingweb uk, which still boasts the largest audience of accountants in the uk. he and then accountingweb us publisher andy north interviewed me for the vacant managing editor role here.

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chatgpt passes cpa exam on second try

its average score was 85.1.

by rick richardson
technology this week

an improved and better-trained version of chatgpt took a simulated cpa test after an earlier failure and passed, similar to the roughly half of human applicants who fail on their first attempt. but does this trial suggest that chatgpt will soon compete for accounting positions?

more: smartwatch saves two lives | first e-road charges electric vehicles as they drive | stanford scientists 3d-print heart tissue | chatgpt unlikely to replace accountants | cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | chatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
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“this calls into question the ‘competitive advantage’ of the human accountant relative to the machine. to our knowledge, for the first time, ai has performed as well as most human accountants on a real-world accounting task. this raises important questions of how machines and accountants will work together in the future,” the study’s authors said.
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accountants raise alarms on small business outlook

the avalara accountants confidence report points to difficulties ahead for small businesses to access capital, increase profits, raise revenues, hire new employees, and control costs.

looking ahead 12-18 months, accountants expect increasingly acute hardships, led by problems in accessing fresh capital, hiring, and managing labor costs. but new technology and automation could help cushion the pain for some.
https://cpa.click/smb23outlook
click to download (pdf 19 pages)

avalara, inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, released a new survey of over 500 main street accountants representing more than 100,000 small businesses.

survey responses revealed that looming economic headwinds could create challenges for small businesses in the next 12–18 months. the survey, conducted during the 2023 tax season, shows that accountants believe small businesses will face challenges in accessing fresh capital, increasing profits, managing payroll costs, weathering supply chain difficulties, and hiring new staff.

get the instant download here:
the avalara accountants confidence report

the 2023 avalara accountants confidence report, produced in conjunction with 卡塔尔世界杯常规比赛时间, queried trusted advisors with clear insights into the financial health of small business clients. the report measures accountants’ attitudes and outlook on a variety of pressing issues, leading with sentiment on the health of small business clients, and providing a read on the national economy and the state of smaller accounting practices. accountants were surveyed as they combed through business clients’ financials and prepared their tax returns.

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trump indicted. and, yes, there’s a tax angle

download the indictment (pdf)
download the indictment (pdf)

“the participants also took steps that mischaracterized, for tax purposes, the true nature of the payments made in furtherance of the scheme.”

read the indictment and the statement of facts for yourself

statement by district attorney

district attorney bragg announces 34-count felony indictment of former president donald j. trump

  • the charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty. all factual recitations are derived from documents filed in court and statements made on the record in court.

manhattan district attorney alvin l. bragg, jr. today announced the indictment of donald j. trump, 76, for falsifying new york business records in order to conceal damaging information and unlawful activity from american voters before and after the 2016 election. during the election, trump and others employed a “catch and kill” scheme to identify, purchase, and bury negative information about him and boost his electoral prospects. trump then went to great lengths to hide this conduct, causing dozens of false entries in business records to conceal criminal activity, including attempts to violate state and federal election laws.

trump is charged in a new york state supreme court indictment with 34 counts of falsifying business records in the first degree.

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at the irs, short on staff means short on service

guess who suffers?

by 卡塔尔世界杯常规比赛时间 research

it probably won’t surprise the average tax practitioner to learn that in the american customer satisfaction index of federal agencies, the internal revenue service ranks dead last.

more: tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | marchternity: just say ‘no’ | news on irs is maybe sort of a little bit good
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it accomplished the same dubious rank in forrest research’s u.s. customer experience index of 221 companies and federal agencies.

two sad things about this:
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has early tax season optimism peaked?

add your thoughts.

by 卡塔尔世界杯常规比赛时间 research

tax practitioners were looking a bit optimistic last month, according to the early results coming in to the 2023 cpatrendlines busy season barometer.

more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?
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but as the second wave of responses comes in, the early-bird optimism seems to be waning.

what’s happening?
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how bullish are you this tax season?

tax pros see gains in clients, revenue, and profits.

rosy scenario: 75% forecast increases in revenue per client. more work, or higher fees, or both?

join the 5-minute survey. get the answers. start here.

by 卡塔尔世界杯常规比赛时间 research

if the early results of the 2023 卡塔尔世界杯常规比赛时间 busy season barometer are any indication, tax practitioners can look forward to a lucrative year.

more tax season ’23:accountants’ top problems for tax season 2023tax season 2023: better or worse? | tax: the procedural checklists your firm needs  |  stop tax return review shortcuts  |  offers in compromise aren’t for everyone  |  trump’s tax returns: read the originals here  |  survey: tax software favorite keeps crown

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over 46 percent of respondents expect a five to ten percent expansion of clientele, and another 13 percent say theirs will swell by more than ten percent.

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accountants’ top problems for tax season 2023

as tax season gets underway, a lot to worry about.

join the 5-minute survey. get the answers.
start here.

by 卡塔尔世界杯常规比赛时间 research

if you’re not worried as we plow into the busy season, you aren’t paying attention.

more tax season ’23tax season 2023: better or worse? | tax: the procedural checklists your firm needs  |  stop tax return review shortcuts  |  offers in compromise aren’t for everyone  |  trump’s tax returns: read the originals here  |  survey: tax software favorite keeps crown

on the front lines: langworthy, expanding with 200 new clients.

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and if you are concerned, you’re not alone.

  • in van nuys, calif., steve glick came up with a new concern: “now the software companies—turbotax, intuit, etc.—are competing against their customers by preparing tax returns.”
  • gretl siler, at succentrix business advisors, in panama city, fla., has the problem everyone wishes they had, plus the one everyone wishes they didn’t. she says, “note that i am not having any problem with increasing prices or with competitors.  the problem is too many new clients and staffing… plus the irs is still terrible.”
  • to be sure, there’s bob langworthy, the founder of southern maine’s management accounting. he couldn’t name a single concern. “none!” he says. “we served 1,000 clients last year and already have more than 200 committed new clients this season.”

for 2023, the 卡塔尔世界杯常规比赛时间 busy season barometer expanded the list of possible concerns, 24 in all, plus an “other” option. it’s our longest list ever, and accountants checked off each and every possible worry.

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