Thu.Jan 11, 2024

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IRS to begin accepting business tax returns next week

Accounting Today

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.

Tax 323
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Upgrading Your Traditional Bookkeeping with FP&A

Accounting Department

Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.

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Illinois CPAs spot numerous issues with accountant retention

Accounting Today

Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.

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The Funny 'Item' Checkbox to Make QuickBooks Items Two-Sided

Insightful Accountant

The magical 'checkbox' turns one-sided items into two-sided items allowing you to use the same item to sell and purchase, and making for proper reporting on item profitability.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Congress nears deal on $70B tax break for businesses, children

Accounting Today

U.S. congressional negotiators are nearing a bipartisan deal to renew expired business tax breaks and boost the child tax credit in time for many voters to receive the benefit during the current election year.

Tax 289
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Understanding the CPF Changes in Singapore from Jan 1

Counto

Understanding the CPF Changes in Singapore from 1 Jan 2024 Singapore’s Central Provident Fund (CPF) is an integral part of the nation’s social security system, designed to provide financial security for citizens during their retirement years. Recent CPF changes , announced in the Singapore Budget 2023, will have a significant impact on both employees and employers.

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More Trending

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Murph on Intuit's Announcements at QuickBooks Connect 2023

Insightful Accountant

Join William Murphy, Sr. Technical Editor of Insightful Accountant, in this special episode of the Accounting Insiders Podcast as he shares top takeaways from QuickBooks Connect 2023!

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20 states that burden individuals the least

Accounting Today

The seven states that impose the least on residents have an individual income tax burden of 0.00%.

Tax 305
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Setting Up an Offshore Company in Singapore

Counto

Setting Up an Offshore Company in Singapore Are you considering setting up an offshore company in Singapore? Offshore companies, often incorporated in jurisdictions different from their principal place of operation, offer numerous advantages, including tax benefits, simplified reporting requirements, and more. In this useful guide, we’ll walk you through the process of establishing a Singapore offshore company, highlighting the key benefits and requirements.

Tax 52
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Harvard, MIT tax status probed by Congress over antisemitism

Accounting Today

The failure of the leaders of the Ivy League universities to condemn antisemitism could affect their tax-exempt status, the chairman of the House Ways and Means Committee said.

Tax 171
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Tax Practice News: Don't Screw Up Your S Corps | Webinar Archives

Insightful Accountant

Form 7203 compliance could be an easily overlooked form this tax season. Not all tax software or all preparers are aware of the form’s filing requirements or when they need to be prepared. Discover more in this webinar replay!

Tax 52
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Secure the future by transforming your firm's business model

Accounting Today

Is a legacy firm one that follows tradition, or one that's interested in maintaining its legacy for years to come?

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AI in Accounts Payable: Can a Computer Do My Job? 

AvidXchange

If you’re worried that artificial intelligence (AI) may make your job obsolete, you’re not alone. A recent Forbes Advisor survey found that 77% of consumers are concerned that AI will cause human job loss in the near term. Experts have identified many use cases for AI in accounts payable (AP) and other finance and accounting functions, noting that the technology is particularly well-suited to these data-centric departments.

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Tax Fraud Blotter: Good people

Accounting Today

Not so amusing; in the rough; interior designs; and other highlights of recent tax cases.

Tax 177
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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How to Change Your Payroll Provider 

Counto

How to Change Your Payroll Provider End of the pay cycle often brings stress to business owners, who are tasked with running accurate payroll. Despite spending hours on payroll processing, many still encounter errors. That’s why many businesses opt for professional payroll services in Singapore. In this guide, we’ll explore the reasons to switch payroll solutions, what to expect from them, the associated costs, and a comprehensive checklist to ensure a seamless transition.

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Prager Metis adds Goldsmith Molis & Gray

Accounting Today

The Top 60 Firm is expanding its footprint in North Carolina.

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Singapore Employment Pass: Get to Know the New Requirements in 2024

Counto

Singapore Employment Pass: Get to Know the New Requirements in 2024 The Employment Pass (EP) in Singapore is not just a work visa; it’s a gateway to personal and professional growth in one of Asia’s most dynamic business hubs. However, recent changes in regulations have significantly impacted access to the EP and its salary requirements.

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Tax Practice News - New IRS WISP Requirements | Webinar Archives

Insightful Accountant

A WISP (Written Information Security Plan) is required for tax and accounting professionals. Lucky for you, Christine Gervais did a webinar on this topic a few months ago and we’re bringing it back around for your viewing.

Tax 52
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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Guide to Filing Financial Statements for Business Owners in Singapore

Counto

Guide to Filing Financial Statements for Business Owners in Singapore Filing financial statements is a crucial annual requirement for businesses in Singapore. The Accounting and Corporate Regulatory Authority ( ACRA ) mandates this process to ensure transparency, accountability, and compliance with the Singapore Financial Reporting Standards (SFRS).

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Creating a Future-Focused Secure Firm | Webinar Archives

Insightful Accountant

Accountants can enhance their firm's security without being IT specialists. By creating a security partnership with Swizznet, they can share resources and expertise to protect against cyber threats and data breaches during tax season wrap-up.

Tax 52
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A Quick Guide to Payroll for New Businesses in Singapore

Counto

A Quick Guide to Payroll for New Businesses in Singapore Introduction: Navigating Singapore’s intricate payroll regulations can be a daunting task, especially for small and medium-sized enterprises (SMEs) that make up the majority of the country’s businesses. The consequences of payroll errors can be severe, making it essential for employers to understand and comply with the regulations.

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The Outsourcing Advantage for Accounting Firms: BUILD, SCALE and THRIVE | Webinar Archives

Insightful Accountant

Overcome growth and profitability challenges with outsourced accounting Pacific Accounting and Business Services invites you to a power packed Webinar: The Outsourcing Advantage for Accounting Firms: BUILD, SCALE and THRIVE.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Leveraging the Power of ShipStation API and Its Business Integrations

Nanonets

What is ShipStation?  ShipStation is a web-based shipping platform designed to streamline small parcel shipping and e-commerce fulfillment for businesses. This Software-as-a-Service (SaaS) solution boasts a comprehensive set of features that simplify the entire shipping process.   ShipStation integrates seamlessly with over 70 sales channels to provide businesses with a centralized dashboard for efficient order handling.

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How GruntWorx Can Save You Time & Money | Webinar Archives

Insightful Accountant

GruntWorx offers web-based products that automate tax document organization, data entry, and review. Their tax automation technology eliminates manual conversion of paper documents to digital files, streamlining data entry and file organization.

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How Can Your Business Benefit from Automated Vendor Reconciliation?

oAppsNet

In the contemporary business realm, where efficiency is a prized asset, few areas hold as much promise for transformation as the vendor reconciliation process. This pivotal financial practice ensures the seamless alignment of a company’s records with those provided by its vendors. This article delves into the multifaceted advantages businesses can reap by adopting automated vendor reconciliation.

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Lisa McCarthy on Mastering Advisory Services and Cloud Migration Strategies

Insightful Accountant

Gary DeHart and Lisa McCarthy discuss the opportunities available to firms for growing an advisory services practice and how they are positioned to fill the role of advisor.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Non-controlling interest definition

Accounting Tools

What is a Non-Controlling Interest? A non-controlling interest is an ownership position in a corporation that is not sufficiently large for an investor to exercise operational control over the entity. The bulk of all investors have a non-controlling interest, since the number of shares they own in proportion to the total is so small. A non-controlling interest does not have to be one that has less than 50% of the shares outstanding.

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Ben Richmond on the Impact of Cash Flow on Small Businesses

Insightful Accountant

Gary sits down with Ben Richmond, Country Manager, US at Xero, to delve into the recent report on the profound impact of cash flow on small businesses.

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Natural expense classification

Accounting Tools

What is Natural Expense Classification? Natural expense classification refers to the reporting of expenses by the nature of each type of expense. An example of natural expense classification is to report expenses in the following manner: Compensation expense Depreciation expense Insurance expense Office supplies expense Travel and entertainment expense Utilities expense Reporting Expenses by Function The natural expense reporting treatment varies from the alternative of reporting expenses by fun

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QB Talks February - App Neighborhood Watch | Webinar Archives

Insightful Accountant

In February 2023's QB Talks, Kelly and Kristen will be talking about the apps you might want to check out to help with next year's year-end

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.