CalCPA Daily Clips
Tags: Accounting, California, Taxes, Personal Finance, Finance

Nov. 29, 2021

BUSINESS

Skills development: Which ones will you need?

Creating and following a learning plan gives finance professionals an organized approach toward progress in their career. Learn more in this podcast episode with transcript.

FM

https://www.fm-magazine.com/podcast/finance-skills-development.html

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Compassionate leadership is key for influencing a team

Leading while focused only on the bottom line will never earn you the necessary trust from your team. However, leading with compassion will, and these four techniques can help.

Entrepreneur

https://www.entrepreneur.com/article/396406

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Along with customers, employees are being lured back by businesses this season

Businesses struggled to get through the Great Recession more than a decade ago with minimal staff because low demand forced them to lay off workers. But the opposite is playing out in the pandemic, this time with lots of demand but fewer workers willing to return following government-imposed lockdowns.

USAToday

https://www.usatoday.com/story/money/2021/11/27/businesses-luring-employees-along-customers-season/8776482002/

PERSONAL FINANCE

3 Social Security Rules You May Find Shocking

Prepare for some unpleasant truth bombs to hit.

The Motley Fool

https://www.fool.com/retirement/2021/11/29/3-social-security-rules-you-may-find-shocking/

PROFESSION

The best benefits for accountants

Learn how the pandemic is changing the benefits accounting firms offer staff, and which benefits they have to have to keep staff engaged and on board.

AccountingToday

https://www.accountingtoday.com/podcast/the-best-benefits-for-accountants

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The Exponential Firm

Becoming an exponential organization is available to all accounting firms. Size doesn’t matter as much as the mindset of the firm’s leaders and their commitment to business transformation.

AccountingToday

https://www.accountingtoday.com/opinion/boomers-blueprint-the-exponential-firm

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Diving deeper into smaller frauds due to COVID-19

By looking at the fraud triangle, we would expect that the possibility of fraudulent behavior would increase due to the COVID-19 pandemic.

Journal of Accountancy

https://www.journalofaccountancy.com/news/2021/nov/covid-19-fraud-triangle-nonmanagement-employees.html

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How to Make Things Easier for Your Clients and You

Are your interactions with clients so smooth that you don’t really think about it? Or do you have hiccups in the client experience?

AccountingWeb

https://www.accountingweb.com/practice/clients/how-to-make-things-easier-for-your-clients-and-you

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Why it’s important to thank your team

Motivation runs deeper than just money. Bonuses are great, but recognizing an employee’s hard work with verbal appreciation, thoughtful gifts, or a handwritten note personalized to the recipient can help your company culture skyrocket.

AccountingToday

https://www.accountingtoday.com/opinion/why-its-important-to-thank-your-team

TAX

IRS official: New R&D credit documentation applies to amended returns

The deputy commissioner of the IRS Large Business and International Division hears an AICPA tax committee’s feedback on new requirements.

Journal of Accountancy

https://www.journalofaccountancy.com/news/2021/nov/new-research-development-credit-documentation-amended-returns.html

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It’s time to trim the tree and your tax bill

The last month of the year means a lot of things — holidays, parties, bowl games and more. It’s also an opportunity to do year-end tax planning.

USAToday

https://www.usatoday.com/story/money/personalfinance/columnist/2021/11/28/tax-planning-deductions-donations-may-help-lower-taxes/8785718002/

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2022 Will See Shifting Tax Regulations in the U.S. and Abroad

While there is incredible uncertainty as we move into the final months of 2021, there are a couple major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond.

CPA Practice Advisor

https://www.cpapracticeadvisor.com/tax-compliance/article/21247858/dancing-in-the-dark-2022-will-see-shifting-tax-regulations-in-the-us-and-abroad

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IRS proposes tax rules related to COVID-19 testing

The Internal Revenue Service released proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage.

AccountingToday

https://www.accountingtoday.com/news/irs-proposes-tax-rules-related-to-covid-19-testing

TECH

How to use the Snooze feature in Gmail and Outlook

Snooze is a helpful feature in some email platforms that can provide reminders within your inbox. This article explains how to use this feature in both Google and Outlook and offers suggestions for maximizing its value.

PCWorld

https://www.pcworld.com/article/545795/email-snooze-power-tips.html