Thu.Dec 19, 2024

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IRS boosts standard mileage rate for 2025

Accounting Today

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

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How to Calculate the Growth Rate of a Company: A Simple Guide

Fit Small Business

For any business, calculating your growth rate is essential for understanding how well your business performs over time. It provides valuable insights and helps identify potential areas for improvement. To calculate your business growth rate, you must first choose the period you want to measure, determine your starting and ending values, and apply the specific.

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6 ways to keep your tax data secure

Accounting Today

The IRS and its partners shared a half-dozen ways to safeguard your firm and your clients during National Tax Security Awareness Week.

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Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management.

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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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IRS noncommittal on future expansion of Direct File

Accounting Today

The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.

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A Comprehensive Guide for IRS Business Tax Extension

CapActix

Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

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Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments

FundThrough

Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.

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Tax season kickoff: 'The calm before the change'

Accounting Today

Tax pros don't expect big changes for the coming filing season but they're already worrying about the one after that

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A Comprehensive Guide for IRS Business Tax Extension

CapActix

Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

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Congressman introduces bill to offer residence-based tax system to expats

Accounting Today

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

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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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Is ACH Safe? Are ACH Payments Safe Compared to other Methods?

Fidesic blog

ACH payments are a safe way to pay vendor invoices and employee payroll. According to data from NACHA fewer than 0.03% of ACH transactions are returned as unauthorized. ACH remains the preferred payment method for accounts payable departments to pay their vendors. ACH payments grew to 26.8 billion transactions in 2020 (a 8.2% YOY increase) according to NACHA , the organization that oversees ACH activity.

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Report finds Private Company Council effective

Accounting Today

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.

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Thriving in a Changing Industry: Overcoming Key Bookkeeping Challenges

The Successful Bookkeeper

The bookkeeping profession is evolving, and with it come challenges that require adaptability and growth. From navigating automation to addressing undervalued services, bookkeepers face a landscape filled with opportunities to innovate and stand out. In an episode of The Successful Bookkeeper podcast, Louie Prosperi, CEO of the Institute of Professional Bookkeepers of Canada (IPBC), shared valuable insights on how bookkeepers can overcome these challenges and thrive in their careers.

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FASB asks for input on accounting for intangibles

Accounting Today

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

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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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Understanding Bizfile’s People Search and the Role of NRIC in Business Due Diligence

Counto

Understanding Bizfiles People Search and the Role of NRIC in Business Due Diligence Conducting due diligence is an essential step for business owners before entering into partnerships or agreements. Bizfile, Singapores official business information portal, offers tools to retrieve key insights about companies, directors, and shareholders. This blog explores the People Search function on Bizfile, its relevance for business owners, and how NRIC numbers fit into the picture.

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The big value — and tax savings — of personal goodwill

Accounting Today

The asset sales carry complexity requiring careful thought and expert advice, but they could prove beneficial to some wirehouse breakaways or RIA succession plans.

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Lima Charlie: Raising $8M in 30 Days to Unlock New Growth Channel

FundThrough

[link] When Ron Cedillo, VP of housing provider Lima Charlie, had to find new sources of business, he learned that the government contracting space could be a valuable growth channel for his companybut large dollar amounts and mismatches between cash inflows and outflows quickly proved challenging for the execution. When you do government contracting, […] The post Lima Charlie: Raising $8M in 30 Days to Unlock New Growth Channel appeared first on FundThrough.

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Sikich launches virtual chief AI officer service

Accounting Today

Chicago's Sikich announced the launch of a new virtual chief AI officer service, giving organizations executive level oversight of AI initiatives without committing to a full time hire.

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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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Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments

FundThrough

Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.

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Valid vs. Invalid Chargebacks

oAppsNet

Chargebacks can be frustrating when running a business that accepts credit card payments. They serve as a consumer protection mechanism, allowing cardholders to dispute transactions and request a reversal of charges. However, not all chargebacks are created equalsome are valid, while others are invalid. Understanding the difference between valid and invalid chargebacks is crucial for merchants who want to manage disputes effectively, protect their revenue, and maintain a healthy relationship wit

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Chicago passes 2025 budget without property tax hike

Accounting Today

The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.

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5 Ways Bookkeepers Can Pick A Secure Technology Partner

The Successful Bookkeeper

As a bookkeeper, youre entrusted with some of your clients most critical and personal data a responsibility we know you dont take lightly! But with cybersecurity threats (and the best practices to protect against them) evolving so rapidly, it can be hard to know what to look for in a partner beyond a promise that theyll safeguard your clients data.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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Dec 19, 2025 Standard Mileage Rates Released

Bookkeeping Essentials

The 2025 standard mileage rates were increased by 3 cents to 70 cents per mile driven for business use. The Tax Cuts and Jobs Act (TCJA) restrictions are still in place for 2025.

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The Importance of Accurate Accounts Payable and Receivable Tracking

Outsourced Bookeeping

In the fast-growing world of small business, it is important to manage the money flow to ensure financial stability. The sources and uses of cash are accounts payable and accounts receivable, and proper management of the two functions keeps the business financially fit and able to meet its obligations as and when due. In this blog post, well dive into what it means to track AP and AR accurately, why its good to outsource these tasks, and how automation can help with management.

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It’s Official: There’s an Accountant Shortage. How Does This Hurt Small Businesses?

CSI Accounting & Payroll

Sometimes shrinking fields are a sign of innovation but other times, theyre a looming threat. Let's discuss why theres an accountant shortage, how it hurts small businesses, & how CSI adapts to the shortage. No shortage here!

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App Aware: InsureTax

Insightful Accountant

InsureTax, is a Lloyd's agent, offering the first-ever Tax Audit Insurance solution tailored for small businesses (SMBs). This solution is very different than other solutions you think can protect you in the event of a tax return audit.

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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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Best Image OCR Tools Every Accountant Should Use to Improve Their Productivity

Ace Cloud Hosting

Just like any other field, productivity is also considered essential for accountants. They have to handle a bunch of documents, invoices, financial statements, and many more. Manually extracting and entering.

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Prepare to File in 2025: Get Ready for Tax Season

Insightful Accountant

With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.

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How long does payroll take to process?

Black Ink Tax & Accounting

Table of Contents How long does payroll take to process? For small business firms, payroll handling is done within the […] The post How long does payroll take to process? appeared first on bitaccounting.

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Top Remote Accounting Candidates for Hire | December 19, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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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.