Wed.Feb 26, 2025

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Introducing Xero Simple, a plan to support you with Making Tax Digital for Income Tax

Xero

The next phase of Making Tax Digital is coming. In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. For those earning more than 50,000 from self-employment and property, MTD becomes mandatory from April 2026 and it will eventually be extended to any small business or sole trader earning over 20,000 annually.

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Maximizing Profitability with Job Costing

Accounting Department

Understanding exactly how much each job or project costs your business is essential for maximizing profitability. However, many business owners struggle to track costs accurately, leading to mispriced jobs and unexpected expenses later on. This is where job costing comes into play.

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Q&A with Diya Jolly: Analytics powered by Syft

Xero

Get ready to experience the next level of financial clarity in Xero with data insights that help you better visualize your business performance. Introducing Analytics powered by Syft, Xero’s new product that makes insights more accessible to small businesses and their advisors. We asked Diya Jolly, Xeros Chief Product and Technology Officer, to share the latest progress since Xero acquired Syft last year and what we can expect from Analytics powered by Syft.

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PCAOB ramps up enforcement as it faces possible shutdown

Accounting Today

The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Navigating Financial Health in Charities and Non-Profits: A Guide to Overcoming Challenges and Maintaining Stability

Compleatable

In recent years, the charity sector has faced numerous financial pressures. Charities and non-profit organisations have been tested by shifts in funding, new regulations, and the changing nature of work. As the challenges evolve, so too must the strategies that organisations use to safeguard their financial health. This article will explore the key challenges charities face today, the steps they can take to improve financial management, and how tools like Compleat Software are helping organisati

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CohnReznick gets PE investment from Apax

Accounting Today

The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.

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Boomer's Blueprint: Why firms need an MTP

Accounting Today

A "massively transformative purpose" offers a shared vision it's a north star to align every firm member toward a shared goal that transcends traditional success metrics.

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The difference between cash flow and profit

Ontrack Bookkeeping

Sales and profit are two very different things as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit. What exactly is cash flow? A cash flow forecast tracks cash flowing in and out of your business.

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The evolution of accounting through agentic AI

Accounting Today

Agentic AI represents more than mere automation. It's a paradigm shift that elevates the role of accountants from transactional operators to strategic advisors.

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Virtual Cards: A Modern Way for Singapore SMEs to Handle Business Expenses

Counto

Virtual Cards: A Modern Way for Singapore SMEs to Handle Business Expenses Managing business expenses efficiently is crucial for financial stability and growth. For SMEs in Singapore, tracking payments, maintaining cash flow, and ensuring accurate reconciliation can be time-consuming. Virtual cards offer a modern solution that enhances financial control, improves security, and streamlines expense management.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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PCAOB censures, bars partner for failing to cooperate

Accounting Today

The Public Company Accounting Oversight Board sanctioned Natalie Murphy, a former partner at Heaton & Company, for violating rules and standards.

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Cash Disbursement Journal: Definition & Sample Entries

Fit Small Business

A CDJ helps bookkeepers track outgoing cash transactions efficiently, eliminating the need for repetitive entries in the general journal (GJ). Instead of posting each payment separately, it summarizes all disbursements at the end of the accounting period and records them as a single compound entry in the GJ. This process streamlines bookkeeping, reduces redundancy, and.

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Navigating family office reporting

Accounting Today

A diverse range of financial investments and assets adds another layer of complexity for accountants working with family offices.

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What Are Retained Earnings in Accounting & How To Calculate?

Fit Small Business

Retained earnings (RE) are the total profits a company has kept over time instead of paying them out to shareholders. These funds are either reinvested in the business or reserved for future needs. RE are commonly associated with businesses structured as corporations or LLCs, whereas sole proprietorships and partnerships generally do not maintain a retained.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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GASB posts report on fair value standard

Accounting Today

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

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What Is FinCEN and How Does It Protect Business Accounts?

Fit Small Business

The Financial Crimes Enforcement Network (FinCEN) is a bureau that operates within the US Department of the Treasury (USDT) under the Secretary for Terrorism and Financial Intelligence. FinCEN safeguards and monitors the flow of money within the US and internationally. It collects and analyzes transactions from financial institutions and shares all criminal findings with law.

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Insightsoftware announces AI solution Lineos

Accounting Today

insightsoftware [sic] announced the launch of its new AI-powered Lineos bot, integrated across its product suite to simplify workflows and provide data-driven insights.

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10 Common Elements of a Business Loan Agreement

Fit Small Business

A business loan agreement has many elements that outline the various terms and conditions associated with getting a loan including the loan amount, the interest rate, the repayment schedule, penalties, covenants, and dates. Understanding each of these can help you outline the terms and conditions of your transaction and supply you with the knowledge.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Emburse announces "Emburse AI" for automation, insights

Accounting Today

Emburse announced new AI capacities across its entire product suite, under the name of Emburse AI.

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If the System Was Magic, What Would It Do?

Future Firm

There's always room to improve your client experience. In this episode, I share how this question by Jeff Bezos can help your firm. The post If the System Was Magic, What Would It Do? appeared first on Future Firm.

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Saver's match 'free money' could pad millennial, Gen Z retirements

Accounting Today

Financial advisors and other industry professionals will be integral in boosting those generations' nest eggs by double digits through a Secure 2.0 provision.

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Changes Coming for the R&D Tax Credit

Insightful Accountant

The Research Tax Credit form (Form 6765) has undergone significant changes, now requiring more detailed documentation of qualified research expenditures (QREs).

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Virtual Cards: Pros and Cons SMEs Need to Know

Counto

Virtual Cards: Pros and Cons SMEs Need to Know Managing business expenses efficiently is essential for financial stability and smooth operations. From software subscriptions to supplier payments, businesses need reliable payment solutions that enhance security and simplify financial tracking. Virtual cards have emerged as a flexible option for businesses seeking better control over spending.

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Vertex Expands Global tax-compliance e-invoicing

Insightful Accountant

Vertex solution allows businesses to better automate e-invoicing, value-added tax, and cross-border compliance designed to meet evolving global regulations.

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What Is a Corporate Card? A Guide for Your Business Spending

Counto

What Is a Corporate Card? A Guide for Your Business Spending Managing business expenses efficiently is crucial for financial stability and growth. For small and medium-sized enterprises (SMEs) in Singapore, keeping track of company spending can be challenging, especially as businesses scale. Corporate cards offer a practical solution, helping business owners streamline payments, monitor expenses, and maintain better financial control.

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How to Intuit Enterprise Suite: More About Dimensionalization

Insightful Accountant

Murph takes you through the steps to 'Dimensionalize' your accounting using Intuit Enterprise Suite.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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7 Simple Steps to Build an Incident Response Plan for Endpoint Security

Ace Cloud Hosting

In the current business scenario, cyber threats have become the number one concern for businesses. Hackers are developing innovative methods daily to target endpoints and extract critical data, such as.

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Krause To Serve As Acting IRS Commissioner

Insightful Accountant

Secretary of the Treasury Scott Bessent announced today that IRS Chief Operating Officer Melanie Krause will become acting IRS Commissioner following the retirement announcement of Doug ODonnell.

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Top-Rated Accounting API Solutions

Tipalti

Discover the best accounting API solutions for seamless financial integration. Our article ranks the top-rated options to more efficiently streamline your accounting processes.

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Beyond the Tax Hacks: Why Implementation Trumps Theory with Jasmine DiLucci

Earmark Accounting Podcast

Ever wondered why there's so much questionable tax advice circulating on social media? In this eye-opening episode, Blake Oliver sits down with Jasmine DiLucci, a rare triple-threat professional - attorney, CPA, and enrolled agent with nearly 500,000 YouTube subscribers. Jasmine pulls back the curtain on why tax misinformation spreads like wildfire online and reveals the number one reason tax strategies fail (even legitimate ones): poor implementation and documentation.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.