CalCPA Daily Clips
Tags: CPA, Accounting, California, Irs, Business

Dec. 9, 2020

BUSINESS

Is self-sabotage hurting your career progression?

People might subconsciously sabotage their chances for advancement for a number of reasons, including fear of losing personal relationships. Here is a look at how to recognize and guard against self-sabotage.

Fast Company

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Why compassionate leadership requires wisdom

Effective leaders combine compassion with an understanding of employee motivation and how to get workers to agree upon priorities.

Harvard Business Review

PERSONAL FINANCE

Here are 3 year-end 401(k) moves to make

The great thing about 401(k) plans is that they make saving for retirement an automatic process. And with 2020 coming to a close, now’s the time to give your 401(k) some added attention.

USAToday

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12 States That Won’t Tax Your Retirement Income | Kiplinger

Retirees can save a lot of money in these states that completely exempt the most common types of retirement income, including 401(k)s, IRAs and pensions.

Kiplinger

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How to make and meet financial goals in unstable times

Despite a chaotic year, many Americans retained a sense of financial stability. Keep it going in the new year with a plan and a financial professional.

USAToday

POLITICS & POLICY

California’s tax windfall is $15.5 billion, Newsom tells tech industry group

The estimate offered by Newsom is significantly smaller than the one made last month by the independent Legislative Analyst’s Office, which put the size of the unexpected cash surplus at $26 billion for the fiscal year that begins in July.

Los Angeles Times

PROFESSION

How to audit during a pandemic? You asked. We answered.

Is it possible to audit remotely? Will there be a rise of businesses with going concern issues? Learn how to proceed with audit engagements when the coronavirus pandemic has made business far from usual.

AICPA Insights

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Achieving Accounting Modernization — Without Disruption

Like other sectors, the accounting space can no longer afford not to modernize as the pandemic forces organizations to shift online in a remote work setting

Pymnts

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2020 in Review: CPA Firms Redefine Their Role with Small Business and Ramp Up Advisory Offerings

CPA firms reaffirmed their value to small business clients in 2020, even as they reshaped the way they deliver their services.

CPA Practice Advisor

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Accountants are reinventing themselves during COVID

Yes, accounting is debits and credits and a lot of spreadsheets. But it’s much, much more than that. Businesses rely on accountants to keep their business on track. Especially in the midst of the pandemic, organizations are relying on accountants to help manage loan covenants, provide more granular financial reporting and identify sources of cash flow.

AccountingToday

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New end-of-year tax planning issues

For tax professionals and taxpayers alike, the past year was characterized by various legislation addressing the coronavirus pandemic, as well as by reacting to the continuing implementation of the Tax Cuts and Jobs Act. Moreover, legislation passed at the end of last year affected expiring tax provisions, retirement provisions and disaster relief.

AccountingToday

REGULATORY

PCAOB to shake up inspections in 2021

The impact of the coronavirus will be a major focus in the coming year.

AccountingToday

TECH

5 tech trends that are key to productivity in 2021

There are many lessons learned over the past year and how it changed not only the way we view business and our operations as a whole, but what business leaders must consider doing next to maximize productivity.

AccountingToday