Wed.Jan 17, 2024

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IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

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Overcoming Hurdles with Outsourced Client Accounting Services

Accounting Department

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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Intuit sues H&R Block over marketing claims

Accounting Today

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

Tax 235
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QBO Advanced Revenue Recognition Enhancements

Insightful Accountant

QBO Advanced has made enhancements to its revenue recognition feature to provide even more sophisticated functionality to users who must comply with GAAP's ASC 606 standard.

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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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Complexities abound in debt and equity accounting and valuation

Accounting Today

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

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2024: Your Year to Shine in Patient Experience

RevCycle

The year is 2024, and the patient experience has never been a more vital component of RCM. Patients are no longer passive recipients of care; they’re informed consumers who demand a positive and seamless experience. To thrive in this new era, medical facilities must prioritize patient experience like never before. But where do you start? Fear not, fellow healthcare heroes!

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Oracle NetSuite Analytics Warehouse Driving Retail Growth

Insightful Accountant

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

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PE firm Trinity Hunt Partners forms Springline Advisory with MarksNelson

Accounting Today

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

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AI for Accountants - Exploring RightWorks Spark

Cloud Accounting Podcast

Blake and David meet up with TJ Lewis and Aaron Van Ruler from RightWorks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other RightWorks products.

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Citrin Cooperman acquires Mibar

Accounting Today

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

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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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AI claims processing: Embrace AI to enhance claims management

Nanonets

Submitting an insurance claim is often tedious for customers and underwriters alike. Collecting documents, filling forms, and waiting for decisions are frustrating, with lots of manual overhead and outdated document management systems. This represents significant inefficiency — Accenture estimates a whopping $160 billion productivity loss over five years across the global insurance industry.

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Lawmakers near Taiwan tax deal, risking anger from China

Accounting Today

The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.

Tax 171
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Boost Team Accountability With Automated CapEx Processes

NextProcess

Not too long ago, businesses relied on spreadsheets, email communications, and even paper ledgers to manage capital expenses (CapEx). In some companies, that might still be your go-to method for keeping track of CapEx. Those methods don’t give you the control you need to effectively manage capital expenses in the modern business world. CapEx is notoriously difficult to manage.

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Varo Bank offering free tax prep

Accounting Today

The digital bank is giving accountholders free in-app preparation and filing services through Column Tax.

Tax 145
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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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What an IRS Audit Is Like: Risk, Process, and Cost

CSI Accounting & Payroll

No matter how good of a business owner you are, you still worry about being audited by the IRS – and we definitely don’t blame you! With the fear of an audit, you’re also going to have some questions. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years – including many that have gone through audits at no fault of their owners.

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How to Achieve Financial Clarity with Expense Reconciliation

Invoicera

Introduction “The lack of clarity in finances can quietly harm businesses, often remaining unnoticed until it leads to major losses.” In the ever-changing finance world, achieving clear finances poses a tough challenge for businesses worldwide. According to a recent Deloitte survey, about 51% of businesses face incomplete or wrong expense data issues.

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What is an Expense Report & How to create it?

Nanonets

Are you concerned about how much money your business spends during the month or the whole year? Let me start by defining the expense report. An expense report is made for recording and reporting all the expenses made by the company during the month, quarter, or year. However, this report also includes all the purchases and taxes paid during the period.

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How to Identify Your Firm’s Ideal Clients

Future Firm

Working with ideal clients makes your business fun and easier to manage. Learn the reasons why it's important and how to identify your ideal clients. The post How to Identify Your Firm’s Ideal Clients appeared first on Future Firm.

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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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12 Compliance Tips for Singapore Company Incorporation 

Counto

12 Compliance Tips for Singapore Company Incorporation Starting a new business in Singapore is an exciting venture, but it comes with a set of crucial compliance requirements that must be adhered to. These requirements ensure that your business operates smoothly and in accordance with the country’s regulations. Here are 12 compliance tips for entrepreneurs looking to register their companies in Singapore: 1.

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Bookkeeping Solutions for Freelancers

Less Accounting

Freelancers are famous for their ability to run an entire business independently. But when you’re wearing many hats, some hats fit better than others. Unless you’re a freelancing bookkeeper, bookkeeping is one task that often falls by the wayside. If left too long, bookkeeping can become easily overwhelming. That’s why finding the right bookkeeping for freelancers can make or break your small business.

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Zapier Alternatives

Nanonets

Introduction In the ever-evolving landscape of business automation, Zapier has been the reigning champion, a veritable Superman in a world brimming with digital demands. It's like the go-to gadget in your tech toolbox, seamlessly connecting over 5,000 apps to keep your business running smoother than a hot knife through butter. But here's the kryptonite – the cost.

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8 Ways to Use AI in Financial Services  

AvidXchange

This year, artificial intelligence (AI) played a pivotal role in revolutionizing how businesses operate. It’s significantly transformed operations, strategies and customer interactions across industries. Due to their ability to process vast amounts of data rapidly and accurately, AI applications are particularly well-suited to the financial services industry.

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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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Enterprise Development Grant (EDG): Your FAQs Answered

Counto

Enterprise Development Grant (EDG): Your FAQs Answered The Enterprise Development Grant (EDG) is a game-changer for Singapore companies seeking to grow, innovate, and expand their business horizons. Under the three pillars of Core Capabilities, Innovation & Productivity, and Market Access, the EDG offers invaluable financial support to eligible businesses.

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FedNow: A Vital Tool for Accountants and Bookkeepers Now

Insightful Accountant

The financial landscape is transforming.

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What are invoice approval workflows and how can they be optimized?

Cevinio

What are invoice approval workflows and how can they be optimized? A well-defined invoice approval workflow structure is a cornerstone of streamlined Accounts Payable (AP) operations. It is pivotal to have a detailed understanding of what the workflow structure is and how it can be made as efficient as possible. From automating approvals to pinpointing crucial triggers, we’re here to guide you through the essential steps of invoice approvals.

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Top Tax Efficiency Software

Insightful Accountant

Based on reviews and star ratings, here are the recommended tax practice tech stack options that will save you the most time this tax season.

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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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The Ultimate Expense Management Guide for Businesses

Nanonets

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. This encompasses the crucial tasks of recording expenditures. ensuring expenditures align with company policies. ensuring expenditures are approved by the right people. analyzing expenditures for better fiscal oversight and strategic planning. safeguarding a business from errors, fraud, and compliance nightmares.

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Member Spotlight: The Art of Staying Sharp

NACM

In the realm of credit management, staying sharp goes beyond mere preference—it's an indispensable asset. It makes for increased efficiency and productivity in the workplace. Through NACM's six-level Professional Certification Program, credit professionals are not only keeping their mind agile, but they're also growing the credit knowledge to navig.

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