National Payroll Week (September 6-10 this year) was created to celebrate the administrative and finance workers who pretty much keep the world turning: payroll professionals. In fact, the celebration actually acknowledges “America’s employees and the payroll professionals who pay them,” adding that, “together, through payroll withholding, we contribute, collect, report, and deposit 70 percent of …
What’s Keeping CFOs Up at Night? Retaining Talent
As the U.S. economy rocks and rolls toward recovery, one would assume that Chief Financial Officers might be breathing sighs of relief. And they are, most of the time. But as the economy continues to surprise us (the Bureau of Labor Statistics reported 266K jobs added to payrolls in April while economic experts had predicted …
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The CPA Exam: Is It Worth It?
The Certified Public Accountant (CPA) examination was originally developed as a precursor to join the American Institute of Certified Public Accountants (AICPA), the world’s largest member association representing the accounting profession. The test was an admissions requirement for membership. As reported by the Journal of Accountancy in their article, “What it was like to take …
Optimizing Accounting Technology for Ongoing Remote Work
Amidst the outbreak of COVID-19, technology has enabled accounting departments to join the ranks of other professionals working remotely. Unlike other fields, however, there is arguably more at stake should anything go wrong, making the importance of accounting and technology working seamlessly together all the more critical. Right now, it’s not only about ensuring accounts …
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ASC 842: New Lease Accounting Standards Extended to 2022, But Private Companies Should Start Planning Now
In April, U.S. accounting rule maker, the Financial Accounting Standards Board (FASB), decided to offer private companies until 2022 to comply with major new lease accounting rule, ASC 842, which was supposed to go into effect next year, in 2021. The decision to issue a delay until 2022 came in response to the outbreak of …
Are Generational Biases About Millennials Inhibiting Your Ability to Hire Them into Finance & Accounting Positions?
Recruiting Millennials into finance and accounting positions is no easy task. Not only is this generation being presented with more opportunities than there are people to actually fill them, but they have their own biases about the finance and accounting industry. These biases are deterring some into ancillary roles, and in some cases, shifting them …
Making Finance & Accounting Hires? Here’s When to Turn to Executive Search
Not unlike the differences between finance and accounting, there are different staffing models – and terms and conditions – depending on the role and responsibilities, the level of the open position, and, in some cases, the number of open positions there are. For high volume staffing, a managed service provider (MSP) or recruitment process outsourcing …
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How Cryptocurrency is Disrupting the Finance & Accounting Industry
Since 2009, cryptocurrency has been a trend the finance and accounting industry has wearily been watching – and responding to. Reactions have ranged from, “this is a scam,” to “this should be regulated,” to “this might be something we can implement,” to “this can’t replace us, can it?” – and everything in between. Of the …
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