Thu.May 30, 2024

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IRS plans to make Direct File free tax prep permanent

Accounting Today

The Internal Revenue Service intends to expand the number of states and tax situations in which the free system will be available.

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AccountingDepartment.com Attends VETS24

Accounting Department

Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.

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Cannabis rescheduling points to new opportunities

Accounting Today

If marijuana is reclassified, lots of businesses may want to reconsider their structure.

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UltraTax CS Hosting Pricing Guide – Comprehensive Overview 

Ace Cloud Hosting

UltraTax CS is an industry-leading tax preparation software for tax firms that file many returns.

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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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Why firms should budget for managed security services in 2024

Accounting Today

Given the financial and reputational repercussions, accounting firms must look for advanced solutions to stay ahead of cybercriminals. One is opting for managed security services.

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QuickBooks Bill Pay Plans - User and ProAdvisor Discounts

Insightful Accountant

Intuit is offering a variety of discounts for QuickBooks Users and ProAdvisors adopting their QuickBooks Bill Pay plans in lieu of Melio Bill Pay which is no longer integrated into QBO.

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What is a W-9 Form and How to Fill It?

Ace Cloud Hosting

The W-9 form, known as the “Request for Taxpayer Identification Number and Certification,” is an IRS document used to verify your identity in the United States. It is used to.

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Who are accountants' competition in wealth management?

Accounting Today

CPA financial planners need to make clear how they're different from the rest of the pack.

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Top Challenges Accounting Firms Face – Blog Series 5 – Pressure Building

Ace Cloud Hosting

As we delve deeper into 2024, firms across industries are facing many challenges threatening their stability and growth.

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Navigate GASB 87 and 96 standards with accounting solutions

Accounting Today

While robust software solutions can streamline these processes, it's still important to have a fundamental grasp of the requirements for successful implementation.

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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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May 30, Your Small Business Information Needs | 4 Secrets For System Setup

Bookkeeping Essentials

An accounting system can help you make better business decisions. Mine your small business information records to create management reports as a planning tool.

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Short seller Jim Chanos sued by partner alleging misuse of funds

Accounting Today

The lawsuit alleges that Chanos "never intended on paying the company back, but instead planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing.

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May 30, Create an Audit Trail | Protect Yourself and Your Business

Bookkeeping Essentials

Create an audit trail to provide protection in the event of a dispute or a tax audit. It can protect your business against fraud and it's a good practice.

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Azure Monitor Logs for Comprehensive Log Management

Economize

Introduction to Azure Monitor Logs Efficient monitoring and insightful analytics are not just luxuries. Today, they are a necessity to run an effective business. Azure Monitor Logs is one such tool that offers us the power to ensure our systems are running optimally and our data is secure.

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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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Rethinking Accounting Education in the Age of AI

Cloud Accounting Podcast

Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University joins Blake and David for a conversation on the impact of AI on accounting education, the challenges faced by accounting graduates entering the workforce, and the future of the CPA profession. Dr. Akpan shares his insights on incorporating AI into the classroom and the importance of lifelong learning in the rapidly evolving world of technology.

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Treasury and IRS Proposed Regulations for Clean Energy Owners

Insightful Accountant

The Department of the Treasury and the Internal Revenue Service have issued proposed regulations under the Inflation Reduction Act for owners of qualified clean electricity facilities and energy storage technology seeking relevant tax credits.

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Embracing the New Talent Stack for Accounting | Accounting Talent Podcast

accountingfly

“The war for talent is over, and the talent won.” In this episode of The Accounting Talent Podcast, host Rob Brown speaks with Jeff Phillips, CEO of Padgett Business Services and co-founder of Accountingfly, about “talent stacks” for accounting firms. A talent stack creatively combines various types of talent to deliver value efficiently and reliably.

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May 30, Small Business Account Reconciliation Procedures | Are They Necessary?

Bookkeeping Essentials

Learn why account reconciliation procedures are a necessary and important part of your small business accounting procedures and how to reconcile a vendor sta.

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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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Accountingfly Hiring Update: June 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: Bookkeepers (+) are Back in Demand and Other Employment Market Tidbits Bookkeepers Are Back and Better than Ever? Over the last few years, we’ve had fewer and fewer clients asking us for help finding bookkeepers. That’s changed in 2024.

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4 Steps to Automate your Procurement Process

Nanonets

Automation has become a cheat code in recent years, with each business function improving efficiency and moving away from manual, repetitive roles to more strategic roles. Imagine a world where your procurement process runs like a well-oiled machine—no more delays, no more errors, and no more endless paperwork. Sounds too good to be true? Well, it’s not.

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Top Remote Accountants for Hire | May 30, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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How to Implement AR Automation

oAppsNet

The shift towards Accounts Receivable (AR) Automation marks a pivotal move for businesses aiming to streamline financial operations, enhance cash flow, and bolster customer relationships. By automating the myriad tasks associated with AR, companies can minimize manual effort, reduce errors, and accelerate payment processes. This comprehensive guide walks through the stages of implementing AR automation, detailing the preparation, selection, integration, and optimization phases crucial for a succ

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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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5 Steps To Keep Your AI Journey On The Right Track

Oversight

While taking off on the spur of the moment for destinations unknown can be great fun, it can also leave you stranded in the middle of nowhere. Which is why most people plan their trips before they take them. After all, if you don’t know where you’re going, you’ll probably never get there. The same concept applies to artificial intelligence. AI initiatives can provide a competitive advantage, or they can be a waste of money.

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Salesforce for Accounting: Can the Leading CRM Tool Handle Accounting Functions?

Nanonets

For decades, Salesforce has been a leading customer relationship management (CRM) tool. It helps businesses track every step of their sales process, identifies customer insights and trends, and helps decision-makers use data when building sales strategies. The platform assists small and large businesses alike in closing deals, improving productivity, and building insightful analytical reports – it’s a key business tool.