Wed.Jul 12, 2023

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IRS mails incorrect collection notices to taxpayers in disaster areas

Accounting Today

The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.

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Another Fine ProAdvisor Mess.

Insightful Accountant

Have you gotten an email saying your ProAdvisor status expired June 30, even though you passed recertification? Well, I did.

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New IMA chair works on leadership transition

Accounting Today

The Institute of Management Accountants' chair for fiscal year 2024, Richard Brady, is helping the organization as it transitions from its longtime president and CEO, Jeff Thomson, to a new one, Mike DePrisco.

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Still More Top 100 Clues from Our Award Recipients

Insightful Accountant

Continuing with his 'Clues about Top 100 2024' series, Murph examines what another award recipient's formal application reveals about the 'quest for the best.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Vendor Spotlight: Pilot

Accounting Today

This week's Vendor Spotlight features Waseem Daher, co-founder and CEO of bookkeeping solutions provider Pilot.

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Unfavorable variance definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is an Unfavorable Variance? An unfavorable variance is encountered when an organization is comparing its actual results to a budget or standard. The variance can apply to either revenues or expenses , as noted below. Unfavorable Revenue Variance When the amount of actual revenue is less than the standard or budgeted amount.

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Jirav Announces $20M Series B Round Led By Cota Capital

Insightful Accountant

Funding follows period of record growth as the company empowers SMBs and mid-market companies with financial insights to navigate the uncertain economic landscape.

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Where the money is: Top tax takes by state

Accounting Today

See which 20 states grew their tax revenue the most last year.

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Every Firm Should Implement This Marketing Strategy

Future Firm

An effective marketing scheme is one of the common struggles of modern firms. In this podcast, I shared a crucial marketing strategy that every single firm should adopt, the reasons why you should have it, and provide practical steps to execute it successfully. Listen Below. 0:37 – Every business should adopt a fundamental marketing tactic: the consistent distribution of an email newsletter to engage with clients, prospects, and leads. 1:08 – Once you establish an appropriate framewo

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Cybersecurity for CPAs: When you are the data breach

Accounting Today

In July's Cybersecurity for CPAs we learn the importance of never, ever, EVER losing that USB stick your client gave you.

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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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ITFM Tools: The Master Key to Spend Transparency

Economize

This article provides an in-depth examination of top ITFM tools, reveals crucial factors for tool selection, and uncovers the significance of ITFM in controlling IT costs. Ideal for professionals seeking to refine their cost management strategies, this piece encapsulates a wealth of knowledge, critical insights, and expert advice on effective IT expenditure.

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Senate duo proposes juiced-up consumer protection in crypto bill

Accounting Today

A bipartisan duo, Sens. Cynthia Lummis and Kirsten Gillibrand, unveiled their latest effort to regulate the cryptocurrency industry.

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11 Cloud Computing Examples You Need To Know

CloudZero

Using the cloud is like ordering a meal from a restaurant. You can choose the type of food you want. You decide the amount you want to order. And, you choose the frequency you want to have it delivered to you.

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IRS probes Puerto Rico tax breaks

Accounting Today

U.S. prosecutors and IRS agents are looking to build cases against individuals suspected of illegally taking advantage of breaks that lured crypto traders and fund managers.

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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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Sabby Gill Discusses Dext’s Jam-Packed Plan for the Future

Dext

Lights, camera, action! On the bustling floor of the recent Accountex London Show, our CEO Sabby Gill took centre stage. In a discussion with the Accounting Influencers Podcast, Sabby shed light on Dext’s current trajectory, our unique company culture and our exciting plans for the future.

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Ryan acquires MJI Consulting

Accounting Today

The tax services and software provider has made another acquisition in the property tax area.

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Gross margin definition

Accounting Tools

Related Courses Business Ratios Guidebook The Income Statement The Interpretation of Financial Statements What is Gross Margin? Gross margin is a company’s net sales minus its cost of goods sold. The gross margin reveals the amount that a business earns from the sale of its products and services, before the deduction of any selling and administrative expenses.

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An app store for AI, and other tech stories you may have missed

Accounting Today

Plus a major revamp at Twitter, AI hallucinations hit professional services, and other important stories.

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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.

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Gross salary definition

Accounting Tools

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Gross Salary? Gross salary is the aggregate amount of fixed wages earned by a person over a specific period of time. Thus, one might refer to gross salary per week, month, or year. The most common usage of the term is gross salary earned over a year.

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Use progression planning to engage next-gen accountants

Accounting Today

Creating clear, flexible pathways for advancement empowers accountants to envision their growth beyond the traditional structure.

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Audit approach definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Audit Approach? An audit approach is the strategy used by an auditor to conduct an audit. The approach taken varies by client, and depends on a number of factors, including the following: The nature of the client and the industry in which it operates The scope of the engagement The adequacy of the client's system of controls The level of cooperation received from the client The approach chosen should be both effective and efficient ,

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The Future of Bookkeeping for Small Businesses: What Can We Expect?

Bookkeeping Express

In today’s rapidly evolving business landscape, small businesses face numerous challenges. One critical aspect that plays a vital role in their success is bookkeeping. While traditional bookkeeping methods have served their purpose for decades, the advent of technology is reshaping this field. As we look to the future, it becomes crucial to understand the emerging trends and advancements that will shape the future of bookkeeping for small businesses.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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Blue sky laws definition

Accounting Tools

Related Courses Corporate Finance Investor Relations Public Company Accounting and Finance What are Blue Sky Laws? Blue sky laws were enacted by state governments to prevent securities dealers from committing fraud through the sale of fake securities to investors. These laws generally require the registration of issuers and dealers with state regulatory agencies.

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Member Spotlight: Credit Congress as a First-Timer

NACM

It's hard to believe that one month has already passed since NACM's 127th Credit Congress! Roughly 150 out of 830 Credit Congress attendees experienced the event for their very first time. Laura Luotonen, regional credit manager at Orgill, Inc. (Collierville, TN), a first-time attendee at this year's Credit Congress, is one year into her new job an.

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Goal congruence definition

Accounting Tools

Related Courses New Manager Guidebook Understanding Organizational Behavior What is Goal Congruence? Goal congruence is a situation in which people in multiple levels of an organization share the same goal. A well thought-out organizational design causes goal congruence and results in an organization being able to work together to accomplish a strategy.

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Truce on digital-tax extension sets up U.S. clash with Canada

Accounting Today

The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Financial records definition

Accounting Tools

Related Courses Bookkeeping Guidebook Records Management What are Financial Records? Financial records are documents that provide evidence of or summarize business transactions. A well-organized set of financial records is an essential part of an accounting department. At the most detailed level, financial records can include invoices and receipts. At a more aggregated level, financial records include subsidiary ledgers , the general ledger , and the trial balance.

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Gain on retirement of bonds

Accounting Tools

Related Courses Accounting for Investments Corporate Finance GAAP Guidebook What is a Gain on Retirement of Bonds? A gain on retirement of bonds occurs when a bond issuer buys back bonds for less than the amount of the associated liability. The liability is the carrying amount of the bonds; this is the face value of the bonds, minus any unamortized discount (or plus any unamortized premium), minus any unamortized bond issuance cost.

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Factory burden definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Factory Burden? Factory burden is those costs incurred in the production process, other than direct costs. These costs are accumulated into cost pools at the end of each reporting period, and then allocated to units of production. The allocated costs are eventually charged to expense when the associated units of production are sold.

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Furniture and fixtures definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What are Furniture and Fixtures? Furniture and fixtures are larger items of movable equipment that are used to furnish an office. Examples are bookcases, chairs, desks, filing cabinets, and tables. This is a commonly-used fixed asset classification that is categorized as a long-term asset on an organization's balance sheet.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.