Wed.Jan 15, 2025

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Lessons from the Bench Shutdown: How to Safeguard Your Business’s Financial Data

Accounting Department

When an accounting service provider unexpectedly closes, businesses may find themselves in a rush to retrieve their financial data and maintain operations. The recent closure of a major accounting platform highlights the essential need for businesses to protect their financial information proactively.

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Is it time to start your own firm?

Accounting Today

Whether you should hang out your shingle as an accountant depends on the answers to a number of questions.

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Xero wins IDC 2024 SaaS CSAT Award for Finance

Xero

We’re thrilled to share some exciting news! Xero has just been awarded the IDC 2024 SaaS CSAT Award for Finance. Xero placed in the highest scoring group for vendors serving the financial application market. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

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SEC chief accountant to retire

Accounting Today

The Securities and Exchange Commission's chief accountant, Paul Munter, plans to retire from federal service this month.

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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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Mastering Cash Flow Management: Essential Accounting Tips

Nolan Accounting Center

Cash flow is frequently described as the lifeblood of business, and positive cash flow is critical to the success of every business. Cash flow management is an especially vital practice for every small business owner. As Nick Chandi, ForwardAI CEO, stated, The more a business owner knows about their cash flow, the more empowered they become. Author Robert Kiyosaki added, Making more money will not solve your problems if cash flow management is your problem.

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IRS proposes regs for corporate splits, reorgs

Accounting Today

The IRS and the Treasury Department issued proposed regs and reporting requirements for multi-year corporate separations and a draft form.

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KLR merges in Sullivan Bille

Accounting Today

KLR, a Top 100 Firm based in Boston, has added Sullivan Bille P.C., based in Andover, Massachusetts.

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Navigating the Latest Changes in Singapore’s Company Incorporation Laws for 2025

Counto

Navigating the Latest Changes in Singapore’s Company Incorporation Laws for 2025 As we approach 2025, entrepreneurs and small business owners in Singapore must stay informed about regulatory changes that could impact their company incorporation process. The legal landscape is continually evolving, and understanding these updates can help business owners avoid compliance pitfalls and ensure their businesses are set up for long-term success.

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Tax automation tools top firms' wishlists

Accounting Today

A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.

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The Questionable Certification Behind IRS Commissioner Nominee Billy Long

Blake Oliver

$4,997 for a three-day seminar - that's all it takes to become a " Certified Tax and Business Advisor " like IRS Commissioner Nominee Billy Long. As we discussed on The Accounting Podcast , this credential comes from a company called Excel Empire. The certification's promotional video isn't even aimed at tax professionalsit's marketed to insurance agents looking to "differentiate themselves from over 1 million other United States insurance agents.

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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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AI implementation at firms grows 34% in a year

Accounting Today

A recent survey from Wolters Kluwer found that implementation of AI search and productivity tools at firms went from 1% in 2023 to 35% in 2024.

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The Future of BillPay Payment Security in Singapore 

Counto

The Future of BillPay Payment Security in Singapore As Singapore’s digital economy expands, SME owners face increasing challenges in securing their billpay processes. Recent data from the Cyber Security Agency of Singapore (CSA) highlights the growing sophistication of payment-related cybercrimes, making robust security measures not just advantageous but essential for business continuity.

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QB on Amazon, and other tech stories you may have missed

Accounting Today

1-800Accountant and LegalZoom teamed up, accounts payable's AI-empowered glow-up, and other tech developments from the past month.

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Avoid Common Invoicing Mistakes in Taxation for Global Transactions

Invoicera

“Like mothers, taxes are often misunderstood, but seldom forgotten.” Lord Bramwell. This quote rings especially true when it comes to global invoice taxation. Taxes, while an unavoidable part of business, often leave companies tangled in confusion. A recent 2024 survey of over 1,000 global tax and finance executives revealed that 37% struggle to keep up with rapidly changing tax laws across different countries.

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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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IESBA plans standards for firm culture, governance

Accounting Today

The International Ethics Standards Board for Accountants plans a standard-setting project on accounting firm culture and governance in response to a new report.

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Leveraging Subscription Models: A Smart Strategy for Small Business Growth

Counto

Leveraging Subscription Models: A Smart Strategy for Small Business Growth In recent years, subscription-based business models have gained traction across various industries. These models provide businesses with a way to generate predictable, recurring revenue, improve customer retention, and foster long-term relationships. For small businesses in Singapore, adopting a subscription model, along with a streamlined company incorporation process, could unlock numerous growth opportunities.

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AICPA updates digital assets practice aid

Accounting Today

The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.

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Work Smarter This Tax Season: Strategies for Remote Accounting Success

accountingfly

For tax accountants, January marks the start of the busiest and most critical time of the year: tax season. Traditionally, this has meant long hours at the office, in-person client meetings, and a flurry of paper files and spreadsheets. But as the accounting profession evolves, so does the way tax season is managed. One of the most significant shifts?

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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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IRS Advisory Council names 18 new members

Accounting Today

The newly appointed council members will serve three-year terms.

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Dark Horse CPAs is Reinventing the Accounting Firm Model

Blake Oliver

The model for ownership in accounting firms is undergoing a transformation. Firms that offer alternatives to the standard partner track see dramatically better retention and employee satisfaction. Dark Horse CPAs has created a solution - their Principal Accelerator Program lets CPAs build their own book of business without the usual sacrifices. Their principals typically earn 40-50% of revenue versus the industry standard 33%.

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Navigating the accounting technology landscape in 2025

Accounting Today

The accounting profession is on the brink of a significant evolution, driven by technological innovation, regulatory shifts and demands for transparency.

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Top 10 Benefits of Using Online Accounting Software for Small Businesses

Outsourced Bookeeping

Managing finances effectively is a cornerstone of establishing a successful small business. The advancement in technology has significantly altered the way accounts are maintained in the contemporary business environment. Spreadsheets and paper-based recording systems are time-consuming and error-prone. Enter online accounting software , a game-changer that simplifies bookkeeping, enhances accuracy, and streamlines financial management.

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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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FTC says CVS, Cigna and UnitedHealth abuse middleman role

Accounting Today

The companies brought in more than $7.3 billion in "excess" revenue over six years, the Federal Trade Commission said in a report on the drug middlemen.

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Atlas Salt spices up Project Management with Oracle Solutions

Insightful Accountant

North American mineral development company "Atlas Salt" has taken their project, information management and financial efficiency to the next level with Oracle Primavera Cloud, Aconex, and NetSuite.

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Developing a growth mindset culture

Accounting Today

These nine steps can help you transform your firm's culture by starting with small, intentional changes that challenge fixed thinking patterns.

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Input Needed: ProAdvisor 'Inventory/Manufacturing' App Survey

Insightful Accountant

Insightful Accountant needs your help updating ProAdvisor preferences for Inventory/Manufacturing Apps working with QuickBooks. Please answer this short survey.

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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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5 Steps to Delegate More at Your Firm

Future Firm

Learn how to delegate the right way so you can hand off tasks you dont enjoy, free up your time, and focus on what matters most. The post 5 Steps to Delegate More at Your Firm appeared first on Future Firm.

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How to Intuit Enterprise Suite: Dimensionalization

Insightful Accountant

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

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Why Accuracy and Timeliness Matter in Payroll

Counto

Why Accuracy and Timeliness Matter in Payroll For small businesses in Singapore, managing payroll effectively is critical to ensuring smooth operations and maintaining a satisfied workforce. Payroll processing isn’t just about paying employees on time; its also about ensuring that all payments are accurate and compliant with regulations. Effective payroll management, as part of your broader accounting services , is key to achieving this.

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Key Changes Coming to Circular 230: What Tax Preparers Need to Know

Insightful Accountant

The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. Here's what you need to know.

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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.