Wed.Feb 07, 2024

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FinCEN proposes rule to crack down on real estate money laundering

Accounting Today

The Treasury Department's Financial Crimes Enforcement Network hopes to deter money laundering in the residential real estate industry with a newly proposed rule.

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Outsourced Client Accounting Services in an E-Commerce World

Accounting Department

In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.

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Cloud access raising tech costs for firms

Accounting Today

Costs to access and connect with certain cloud-based solutions have been increasing, leading to higher technology costs for accounting firms.

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Meet 2023 Top 25 Up-N-Coming ProAdvisor Kassandra Degus

Insightful Accountant

We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.

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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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Accountants want to see different kinds of diversity in workplace

Accounting Today

A new survey from the ACCA looks at trends in DEI, AI, employee retention, hybrid work and mental health for accountants.

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Acumatica Making Biggest Modernization in Company History

Insightful Accountant

During Acumatica's 2024 Summit, Mikhail (Mike) Shchelkonogov, the company's Chief Technical Officer told those attending that they were in the process of making the biggest technological modernization in Acumatica history.

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How CPAs’ Daily Schedule Should Look Like for Maximum Productivity in Tax Season 2023

Ace Cloud Hosting

Tax season hits hard for CPAs, piling on the pressure with its relentless deadlines and mountains of work. The struggle to keep up often leads to burnout and a feeling.

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CNA to provide CPA firms with BOI coverage

Accounting Today

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

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Building a Bank for Accountants and Small Businesses

Cloud Accounting Podcast

Yoseph West joins Blake and David to examine Relay Financial's background and their ambition to solve banking problems by becoming a bank themselves, designing the ideal user experience, and overcoming regulatory challenges. West also outlines Relay's redesigned accountant partner program, its many benefits, and upcoming features like receipt capture.

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IRS spotlights IRS Employer-Provided Childcare Tax Credit

Accounting Today

The Internal Revenue Service has posted a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit to provide more information about the tax break.

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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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Becoming a “FinFluencer”

Insightful Accountant

Social media has given rise to a new breed of financial gurus known as "finfluencers.” These are individuals who have built large followings by making finance relatable and fun through entertaining videos, posts, and more.

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The Mother of All Breaches, and other tech stories you may have missed

Accounting Today

Plus the possibility of an AI voice feature for Google, five cybersecurity trends you can't miss, and other developments in tech from the last month.

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The In-Depth Guide to Managing AP with Microsoft Business Central

Nanonets

Small and medium-sized company users of Microsoft Business Central ERPs need to apply artificial intelligence for efficiencies, vendor invoice processing workflow automation, and decision-making related to accounts payable and business spending.  To achieve these goals, what’s available in Business Central accounts payable, and what’s lacking in Microsoft AP?

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Spreadsheets remain dominant despite reservations

Accounting Today

A recent survey of mostly smaller practitioners has found that spreadsheets remain the No. 1 way they manage their workflows.

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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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Top 10 Healthcare OCR Software in 2024

Nanonets

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images, or paper documents into machine-readable formats that are editable & searchable. OCR applications are commonly used to capture text from PDFs & images and convert the text into editable formats such as Word, Excel, or a plain text file.

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Delegation 101

Future Firm

One of the struggles for most firm owners is the effective delegation of tasks. Learn how to delegate and experience more workload reduction. The post Delegation 101 appeared first on Future Firm.

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Do I Need to Register for GST in Singapore?

Counto

Do I Need to Register for GST in Singapore? As a business owner in Singapore, understanding the ins and outs of Goods and Services Tax (GST) registration is crucial. Whether you’re approaching the S$1 million turnover mark or considering voluntary registration, navigating the GST landscape requires clarity and foresight. What is GST Registration?

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Calendly Appointment Management

Nanonets

Introduction In the fast-paced world of sales, the ability to quickly and efficiently schedule appointments can be the difference between closing a deal and missing out on a golden opportunity. That's where the magic of integrating Calendly with Nanonets's Workflow Automation comes into play, revolutionizing the way sales professionals manage their calendars.

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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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Your First Year of Business: A timeline of regulatory requirements

Counto

Your First Year of Business: A timeline of regulatory requirements Embarking on your first year of business is an exhilarating journey filled with promise and potential. But amidst the excitement, it’s crucial to navigate the maze of regulatory requirements seamlessly. From incorporating your entity to managing taxes and annual returns, this comprehensive guide sheds light on the essential steps to ensure compliance and success in your inaugural year.

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Join Me TODAY for a Tech Spotlight on Increasing Your Practice Profits Advising Multi-entity Clients

Insightful Accountant

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

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How does the Foreign Worker Quota Work? A Guide for Employers in Singapore

Counto

How does the Foreign Worker Quota Work? A Guide for Employers in Singapore Singapore’s workforce is enriched by a diverse blend of local and foreign talent, contributing to its dynamic economy. However, ensuring a balanced workforce composition is crucial, which is why the government has implemented the Foreign Worker Quota system. For employers, understanding the intricacies of this system is paramount to compliance and effective human resource management.

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Hedging definition

Accounting Tools

What is Hedging in Finance? Hedging is a risk reduction technique whereby an entity uses a derivative or similar instrument to offset future changes in the fair value or cash flows of an asset or liability. A perfect hedge eliminates the risk of a subsequent price movement. A hedged item can be any of the following individually or in a group with similar risk characteristics: Highly probable forecast transaction Net investment in a foreign operation Recognized asset Recognized liability Unrecogn

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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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Corporate Tax Filing in Singapore: A 2024 Guide for Businesses

Counto

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses If you’re a business operating in Singapore, understanding the intricacies of corporate tax filing is essential to maintain legal compliance and financial stability. From calculating taxable income to meeting deadlines, navigating the company tax landscape can seem daunting. However, with the right knowledge and guidance, you can streamline the process and ensure your company meets its regulatory responsibilities.

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The 7 Best BILL.com Alternatives

Nanonets

Finding the right AP automation software or best accounts payable software for your business isn’t easy. Many options exist, and today’s AI gold rush means new options pop up daily. That’s why looking to mature industry mainstays tends to be a safer bet than gambling your company’s compliance and cash flow on an upstart that could fold faster than you can say “net 30.

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Member Spotlight: Knowledge and Connections

NACM

​As a credit manager, you must be able to learn, adapt and make strategic credit decisions. This almost always requires ongoing education and networking with the right people.

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The Complete Guide to NetSuite Modules & Add-Ons

Nanonets

NetSuite modules and add-on software expand the functionality of NetSuite ERP, allowing users to optionally choose only those NetSuite add-on modules and add-ons that fit their business.  Although types of ERP systems vary, NetSuite is primarily software for a small business or a mid-market company that includes accounting. Oracle NetSuite is a cloud-based ERP system licensed by its users through a SaaS pricing model that includes the number of users and NetSuite modules selected.

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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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Biden's EV tax credits are a ripe target if Trump wins

Accounting Today

The tax credits now helping underwrite many electric vehicle purchases are top targets if Republicans win the White House or strengthen their grip on Capitol Hill in November.

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