CalCPA Daily Clips
Published in

CalCPA Daily Clips

CalCPA Daily Clips

Jan. 18, 2022

BUSINESS
Will there ever be a return to full-time in-person work?
Flexible work patterns have become entrenched, meaning that it is increasingly unlikely that there will be a return to full-time office work even after the pandemic subsides. The future of work models and the office environment will likely vary depending on the industry and company.
BBC
https://www.bbc.com/worklife/article/20220113-why-a-wide-scale-return-to-the-office-is-a-myth
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Toxic work culture is a key reason for resignations
Toxic work culture is the top reason why people quit their jobs, and it is a much more influential factor than pay, according to an analysis published in the MIT Sloan Management Review. Job insecurity and inadequate efforts to recognize employee performance are among the other reasons for resignations.
CNBC
https://www.cnbc.com/2022/01/14/the-biggest-reason-people-quit-is-10-times-more-important-than-pay.html
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Finding the right intensity level for your leadership
Similar to an elite athlete, managers can find success by taking a polarized approach to leadership that involves low- and high-intensity tasks.
Harvard Business Review
https://hbr.org/2022/01/when-lower-intensity-leads-to-higher-results
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Climate issues top list of global risks, survey finds
Business, government and other leaders polled by the World Economic Forum identified a failure to act on climate change as the most severe long-term risk facing their organizations. Extreme weather topped the list of short-term risks, followed by widespread livelihood crises exacerbated by an uneven economic recovery.
FM
https://www.fm-magazine.com/news/2022/jan/climate-issues-top-list-global-risks.html
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How the Pandemic Affected Ways of Raising Capital
Despite the challenges of the COVID-19 pandemic, many businesses continue to succesfully raise money by eschewing traditional methods.
AccountingWeb
https://www.accountingweb.com/technology/trends/how-the-pandemic-affected-ways-of-raising-capital

PERSONAL FINANCE
How to build a solid credit score
You can improve your credit score by following three steps, including keeping tabs on your credit utilization rate.
CNBC
https://www.cnbc.com/2022/01/17/how-to-improve-your-credit-score-in-2022.html
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Will there be more stimulus checks in 2022?
Right now, there’s no indication that lawmakers are looking to send out another stimulus check. But that doesn’t mean we should definitively write one off. Here’s why we may — or may not — see another stimulus payment come in.
USAToday
https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2022/01/18/will-there-be-another-stimulus-check-in-2022/49651297/
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Why Retirees in 2022 and Beyond Should Wait to Claim Social Security
Delaying a Social Security claim could be more important than ever starting in 2022.
The Motley Fool
https://www.fool.com/investing/2022/01/18/retirees-should-wait-to-claim-social-security

PROFESSION
AICPA joins coalition seeking relief from IRS service challenges
A diverse group is calling upon the Internal Revenue Service to take steps to mitigate its service issues.
Journal of Accountancy
https://www.journalofaccountancy.com/news/2022/jan/aicpa-joins-coalition-seeking-relief-irs-service-challenges.html
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How to Create a Mentoring Program in Your Firm
Whether you’re looking to grow managers at your firm or improve onboarding new employees, a successful mentoring program can benefit your firm and your teammates.
AccountingWeb
https://www.accountingweb.com/practice/team/how-to-create-a-mentoring-program-in-your-firm

TAX
FAQs address calculation and reconciliation of recovery rebate credit
Economic impact payments taxpayers received during the tax year must be netted against a tax credit on 2021 returns.
Journal of Accountancy
https://www.journalofaccountancy.com/news/2022/jan/faqs-calculation-reconciliation-recovery-rebate-credit.html

TECH
The future of money: Where blockchain and cryptocurrency will take us next
The evolution of new technologies, financial innovations and the dramatic evolution of digital currencies is transforming the way we use money. How it will evolve is anyone’s guess.
ZDNet
https://www.zdnet.com/article/the-future-of-money-where-blockchain-and-cryptocurrency-will-take-us-next/
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Microsoft: This new browser feature is ‘huge step forward’ against zero-day threats
Microsoft brings out its Windows exploit mitigation technologies to protect surfers from zero-day exploits on the web.
ZDNet
https://www.zdnet.com/article/microsoft-says-its-new-browser-feature-is-huge-step-forward-against-zero-day-threats/

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Each weekday morning, CalCPA reviews major media sources for top headlines and links to news and information vital to CPAs and the businesses and clients they serve.

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CalCPA is the largest state accounting society in the U.S. We are a community of CPAs leading, connecting and empowering the profession for success in CA.

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