Thu.Jul 27, 2023

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New bill aims to extend 199A pass-through deduction

Accounting Today

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Billing 246
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Keep Manufacturing Businesses Organized with NetSuite

Accounting Department

As a manufacturing business owner, keeping track of every moving part of your operation can be challenging. From tracking inventory levels to managing finances and processing orders, disparate systems can quickly become overwhelming.

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Assessing accountants' project management skills

Accounting Today

Many firms know how to figure out if an accountant has good technical skills — but the ability to manage a project (or several) is something else again.

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What do new CPAs want?

Blake Oliver

I'm honored to have been included in Dr. Sean Stein Smith's recent article " What New CPAs Want: Insights and Recommendations from the Field ," published on the New Jersey Society of CPAs website. It's great to see experienced professionals like Sean gathering perspectives from those just starting out in this profession and their mid-careers. Some common themes are work-life balance, career development, and desiring a high return on our invested time.

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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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Tax Fraud Blotter: Elements of guile

Accounting Today

Bad magic; this will hurt a bit; the Queen is dead; and other highlights of recent tax cases.

Tax 246
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7 Tips for CPAs to Manage Remote Employees During Coronavirus Crisis

Ace Cloud Hosting

In these challenging times, when the coronavirus outbreak has become a menace for most parts of the world, it is not only insisted but advised by the authorities to stay.

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New I-9 Form Begins August 1, 2023

Insightful Accountant

The US Citizenship & Immigration Service has announced a new Form I-9 available on August 1, 2023, and also a new alternative I-9 documentation procedure available only to qualified E-verify employers.

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Accounting Today names 2023 Best Firms to Work For

Accounting Today

The annual list recognizes the 100 top workplaces in the profession.

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Nathan Rodgerson on the Benefits of the Tech Stack

Insightful Accountant

Zoho's Nathan Rodgerson joins Insightful Accountant's Gary DeHart on the latest edition of the Accounting Insiders' podcast. Learn the advantages of leveraging a tech stack.

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IRS plans better audits of large partnerships

Accounting Today

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

Auditing 130
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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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Costing definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is Costing? Costing is any system for assigning costs to an element of a business. Costing is typically used to develop costs for customers, distribution channels , employees, geographic regions, products, product lines , processes, subsidiaries , and entire companies.

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Finance leaders cutting costs, but sparing personnel and tech spending

Accounting Today

A recent report shows CFOs are looking to drastically cut costs, but two safe areas are staff and technology.

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Who is Most Often Targeted in BEC Emails?

MineralTree

How to Protect the AP Team Picture this: You receive an email from one of your company’s vendors requesting an urgent update to their payment information. You have a strong relationship with this vendor, so you comply without a second thought — unaware that you’ve just fallen victim to a BEC (business email compromise) scam. BEC is a form of cybercrime in which attackers impersonate or manipulate legitimate email accounts to deceive individuals from an organization into sharing sensitive informa

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Examining the degrees of today's top accounting leaders

Accounting Today

The rising cost of higher education raises the question of where to get a degree. This study examines the educational backgrounds of C-suite executives in the top firms.

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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 Cloud Accounting Can Help Improve Efficiency of Small Businesses?

Ace Cloud Hosting

One of the most imperative business operations, accounts management plays a crucial role in determining business performance and its overall efficiency. An effective accounting operation in place can help you.

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PCAOB awards 369 students with scholarships

Accounting Today

The Public Company Accounting Oversight Board announced 369 accounting and auditing students will receive $10,000 in scholarships as part of its PCAOB Scholars program.

Auditing 130
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How Cloud Accounting Can Help Improve Efficiency of Small Businesses? 

Ace Cloud Hosting

One of the most imperative business operations, accounts management plays a crucial role in determining business performance and its overall efficiency. An effective accounting operation in place can help you.

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Create an award-winning culture

Accounting Today

The president of Rudler PSC explains why retaining employees is about more than pizza parties and snacks.

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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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AI – For Finance Professionals It’s The Natural Way Forward

Oversight

Artificial Intelligence has caught the attention and imagination of the world. It will transform the way we do many things, not least in finance. Yet instead of being something to fear, Nathanael L'Heureux, Chief Client Officer at Oversight, argues that this technology is a natural extension of a well-established trend among finance professionals: applying the best available tools for the job.

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Anchor APP Academy

Insightful Accountant

Insightful Accountant App Academy's are short "lessons" featuring App found in the Intuit Ecosystem. Gary DeHart, sat with Omry Man from Anchor and learned what Anchor does and how accounting professionals leverage automations.

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Cloud TCO – How to Calculate Cloud Total Cost of Ownership

Economize

Cloud TCO (Total Cost of Ownership) is an all-encompassing measure, providing a holistic view of both direct and indirect costs associated with a cloud investment.

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Pulse APP Academy

Insightful Accountant

Genevieve Bos demo's Pulse, and AI-enhanced business tool for Gary DeHart of Insightful Accountant in the latest Insightful Accountant APP Academy.

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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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Types of ERP Systems

Tipalti

From cloud-based to on-premise, there are many types of ERP systems for businesses to choose from. Read on for a complete overview of each.

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Achieve Peak Efficiency with Tipalti and QuickBooks

Insightful Accountant

The new eBook will show you everything you need to know about managing your accounts payable process. Find out how to download yours today.

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Credit policy definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections What is a Credit Policy? A credit policy contains guidelines that structure the amount of credit granted to customers , as well as how collections are to be conducted for delinquent accounts. The policy is an essential element of the finances of a business, since it impacts the amount of working capital required to support accounts receivable , and also influences the amount of bad debt losses.

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Retainage definition

Accounting Tools

Related Courses Auditing Construction Contractors Construction Accounting Real Estate Accounting What is Retainage? Retainage is a portion of a contract’s total price that is withheld until project completion. This withholding is intended to ensure that the quality of the contractor’s work is adequate. If the final inspection finds problems with the contractor’s work, the retainage will continue to be held by the client until the targeted issues have been rectified.

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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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Use tax definition

Accounting Tools

Related Courses Sales and Use Tax Accounting What is Use Tax? Use tax is a sales tax on purchases made from suppliers outside of one's state of residence, and on which sales tax was not already charged. The buyer is liable for payment of use tax. The amount to be paid is the sales tax rate applicable to the buyer’s location, and the tax is paid to the government entity that has jurisdiction over the buyer’s location.

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Types of accountants

Accounting Tools

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook Cost Accounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions. While the general concept for an accountant is to maintain a system of accounting records , there are many possible paths to take that expand well beyond this baseline activity.

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Security interest definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is a Security Interest? A security interest is a lien on an asset that has been pledged as collateral on a loan by a borrower. The lender can use this security interest to claim the asset if the borrower defaults on a loan agreement, thereby paying off the loan. Security interests are common with any asset-based lending, such as mortgages and car loans.

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Compensation definition

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management What is Compensation? Compensation is a cash or non-cash payment made in exchange for services rendered. Compensation can include base pay, bonuses, commissions , merit pay, and tip income. It can also include ancillary or deferred payments, such as stock options , vacation pay , pension benefits, free parking, and medical insurance.

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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.