NSAC Happenings and Latest News - Page 28
How to Hire Remote Employees
Finding talent has always been a challenge for the accounting profession. It’s not getting any easier, and a lot of firms are really struggling right now. But one way firms are increasing their talent pool is by hiring remote employees. Since the start of the COVID-19 pandemic, more firms are jumping on the remote work bandwagon. Firm leaders have come to realize that good accountants don’t have to be sitting in the same office, but ...
Read MoreAutomation Won’t Replace CPAs. It Will Enhance Them
Artificial intelligence is going to change accounting, but not in the ways that you think. By now, AI is being utilized in almost every industry. While in some sectors automation could lead to a reduction in the number of jobs, for accountants, its impact is beneficial. If you’re a practicing CPA, rest easy; technology isn’t coming here to take your job, it’s here to make your job better. Like the previous adoption of ...
Read MoreWhat’s New for 2022 in Federal Taxes
While the Build Back Better Act's smorgasbord of tax incentives for clean energy, new taxes on large corporations and wealthy individuals, and tax relief for others remains stalled for now in the Senate, 2022 nonetheless dawns with the advent of at least one new tax provision, lapses of a number of others, and at least a couple of sets of required regulatory rules. Amortization of R&E expenditures Effective for amounts paid or incurred in ...
Read MoreUpskilling for Accountants
Originally published in The Cooperative Accountant, Winter 2021 Issue What is “upskilling”? Merriam-Webster (n.d.) defines “upskill” as a verb: transitive: to provide (someone, such as an employee) with more advanced skills through additional education and training intransitive: to acquire more advanced skills through additional education and ...
Read More5 Ways to Improve Vendor Communications in a Supply Chain Crisis
As the people who supply your company with the goods and services it needs to operate, vendors deserve respect. Depending on your specific role, they may even be your best friends, able to help you out of challenging situations — a fact that's come to light during the global pandemic and subsequent supply chain disruptions. Some of the inventory outages, incorrect orders, missed shipping dates, general misunderstandings, and other chaos ...
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