Fri.Aug 25, 2023

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IRS interest rates jumping in Q4

Accounting Today

For overpayments and underpayments, the rate will be 8% per year.

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Cloud Computing Market Size And Key Insights You Need To Know In 2023

CloudZero

Over the next five years, the cloud computing market is expected to grow at a compound annual growth rate (CAGR) of 18.3%. Cloud-based services are becoming increasingly popular with businesses of all sizes, contributing to the growth of this market.

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IRS offers extra time for Roth catch-up contributions

Accounting Today

The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.

Tax 246
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10 Ways Workflow Automation Software Improves Business Growth

Billing Platform

Is your finance team tethered to an endless supply of spreadsheets? Are steps frequently missed within the billing and payment processes? Are you hiring additional resources to handle the financial close process? Do you struggle with invoice errors that are dipping into your profits. Is adherence to regulations like ASC 606 or IFRS 15 causing additional and repetitive work for your financial team?

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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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Treasury proposes crypto exchanges report customer data

Accounting Today

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

Tax 246
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Use BAP Software to Get CapEx Management and Procurement Working Together

NextProcess

Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also play a big role in company finances. For many years, most procurement teams focused on operational expenses (OpEx) rather than capital expenses (CapEx), which were managed by other departments.

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Mythbusting Substantial Equivalency and Mobility for CPAs with SCACPA

Cloud Accounting Podcast

The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South Carolina Association of CPAs (SCACPA), joins the show to bust myths around substantial equivalency and mobility rules for CPAs and discuss the SCACPA's proposed changes to licensure requirements in the state to encourage more accountants to become CPAs.

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Tech news: Xero opens submissions for inaugural Beautiful Business Fund

Accounting Today

Xero opens submissions for inaugural Beautiful Business Fund; OnBoard launches AI assistant feature; and other news from the accounting technology arena.

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Xerocon Returns to the US

Insightful Accountant

The flagship partner event returns to the US next year in Nashville at the Music City Center, Aug. 14-15. Details inside—with more to come.

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Lawmakers push IRS to account for lost taxpayer records

Accounting Today

Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.

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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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How to convert text files to Excel

Nanonets

If you use text files to store and manage data, you've probably faced the challenge of converting these files into CSV, XLSX, or other Excel-compatible formats. Excel is a powerful tool for data analysis, modeling, reporting, and more. It can even handle large amounts of data efficiently. However, you must first bring your data into Excel to make the most of these capabilities.

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On the move: Baker Tilly unveils Innovation Lab

Accounting Today

IMA and EFWA award annual scholarships; Dean Dorton appoints pair of Kentucky market leaders; and more news from across the profession.

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Cash book definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Optimal Accounting for Cash What is a Cash Book? A cash book is a subsidiary ledger in which are stored all cash receipt and cash payment transactions. It is the primary repository of cash-related information for a business. The information in the cash book is periodically aggregated and posted to the general ledger.

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Preventing burnout during the accountant shortage

Accounting Today

Keeping the staff you have is just as important as finding new employees, but firms aren't focusing on it enough.

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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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Capital employed definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Capital Employed? Capital employed is the total amount of equity invested in a business. The amount of capital employed can be derived in several ways, some of which yield differing results. The alternative formulations of capital employed are noted below. Whichever method is used should be employed consistently.

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Boost your tax practice's bottom line with a wealth manager

Accounting Today

Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.

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Countersignature definition

Accounting Tools

Related Courses Accounting Controls Guidebook Fraud Schemes What is a Countersignature? A countersignature is an additional signature that is required before a legal document is considered valid. Countersignatures are used to provide an additional level of control to arrangements that could potentially involve the loss of a large amount of money. This additional signature is used to indicate that someone has verified the authenticity of the the primary signature placed on a document.

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Junk offsets are feeding wave of greenwashing, study shows

Accounting Today

Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.

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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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Hidden reserve definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Hidden Reserve? A hidden reserve is an understatement of an entity's net worth. This situation arises when an organization's assets are stated too low and/or its liabilities are stated too high. The situation can arise when certain accounting conventions mandate the most conservative possible treatment of an accounting transaction.

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The collective noun for tax inspectors

Accounting Fun

A retired tax inspector once told me that the correct collective noun was a 'bunch of bastards'! I've since been collating other suggestions: A grab of tax inspectors A menace. A conniving. A tithe. A levy (levee). A Grabble. An Inquisition. A Bogy. A Spectre. A Digger. A ruination. An infliction. A calamity. A chill. A pack. A frisson. A vexation. A ravishment.

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Holding gain definition

Accounting Tools

Related Courses Corporate Finance GAAP Guidebook What is a Holding Gain? A holding gain is a gain in value that is generated by retaining ownership of an asset over a period of time. A holding gain does not refer to an upgrade of the asset itself - just a gain that accrues over time. A holding gain may be generated for a variety of reasons, including the following: The general inflation of prices The restriction in the supply of the asset An increase in demand for the asset A future expectation

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Emerging Credit Leaders Will Shape the Future of Business

NACM

?️ For this week's episode of Extra Credit, we invited five emerging credit leaders to share their experiences, lessons learned and plans for the future!⭐ Hear from Brittany Yvon, CICP CBA; Kara Eppard; Christopher Finley, CICP; Jill Burns; and Yazmin Yepez! Unlock your leadership potential by joining NACM's new Emerging Leaders Thought Discus.

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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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Holding loss definition

Accounting Tools

Related Courses Corporate Finance GAAP Guidebook What is a Holding Loss? A holding loss is a reduction in the value of an asset that continues to be owned. Depending on the circumstances, a holding loss may be recognized by the holder of the asset. Alternatively, the loss may not be recognized until the asset is dispositioned at a future date. A holding loss cannot be used to offset taxable gains; the related asset must first be sold.

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Bill and hold definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is Bill and Hold? A bill and hold transaction is one in which the seller does not ship goods to the buyer, but still records the related revenue. Revenue can only be recognized under this arrangement when a number of strict conditions have been met. Otherwise, there is a risk of fraudulently recognizing revenue too early.

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Horizontal audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement Internal Auditing Guidebook What is a Horizontal Audit? A horizontal audit involves the examination of the same activity across an organization. For example, an audit could review how travel and entertainment reports are processed across every department of a company. This activity is designed to detect differences in how processes are handled in different parts of an organization.

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Holding period definition

Accounting Tools

Related Courses Corporate Finance GAAP Guidebook What is a Holding Period? A holding period is the duration of an investment by an investor. It begins with the purchase date by the investor and ends with the sale date. When an investor is engaged in a short transaction , the holding period begins with the date when the security is borrowed and ends with its return.

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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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Holder of record definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is a Holder of Record? A holder of record is the registered owner of a security. This person or other entity must be listed in the security issuer's stock ledger in order to be the holder of record. The concept is of most importance when determining who should receive dividend or interest payments as of the date when they are to be distributed, as well as the ability to vote in corporate elections.

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Cheque definition

Accounting Tools

Related Courses Corporate Cash Management Payables Management What is a Cheque? A cheque is an authorization to draw funds from a bank account. In order to do this, a cheque must state the name of the payee , the amount to be paid, and the date. A cheque is one of the more common forms of payment used, though its usage has declined as various types of electronic payment have gained in popularity.

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Fringe benefit rate definition

Accounting Tools

What is a Fringe Benefit Rate? Related Courses Human Resources Guidebook Payroll Management A fringe benefit rate is the proportion of benefits paid to the wages paid to an employee. The rate is calculated by adding together the annual cost of all benefits and payroll taxes paid, and dividing by the annual wages paid. For example, if the total benefits paid were $25,000 and the wages paid were $100,000, then the fringe benefit rate would be 25%.

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Fair value hedge definition

Accounting Tools

Related Courses Accounting for Derivatives and Hedges What is a Fair Value Hedge? A fair value hedge is a hedge of the exposure to changes in the fair value of an asset or liability. It is used to minimize fluctuations in earnings caused by changes in fair values.

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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.