Tue.Sep 05, 2023

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ERC audits: Be prepared

Accounting Today

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

Auditing 347
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Contribution Margin Explained

Accounting Department

Business owners face many financial challenges, so understanding contribution margin is crucial to success. Contribution margin is an essential financial metric for any business striving to increase growth and revenue.

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IRS agents probing high-income taxpayers need better training

Accounting Today

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

Auditing 325
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Xero Beautiful Business Fund: Not-for-profit? You’re a small business too, so apply today!

Xero

Applications are quickly coming in for the Xero Beautiful Business Fund – thank you to all those who’ve entered so far. If you’re an organisation that operates on a not-for-profit basis, you might be wondering whether you’re eligible to apply. The short answer in most cases is yes (just make sure to double check the rest of our eligibility criteria here ) – because in our eyes, not-for-profit organisations are small businesses too.

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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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EIN red flags trigger tax audits

Accounting Today

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

Auditing 306
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Invoice Processing Time: Why Does It Matter? 

AvidXchange

In today’s uncertain economic environment, organizations are putting extra emphasis on spend management – monitoring and maximizing company spend. The accounts payable (AP) department plays a critical role in this expenditure cycle, with success tightly linked to the efficiency and accuracy of the team and their processes. The payables process generally involves several steps: Receiving and validating invoices Capturing and coding the data on the invoice (indexing) Matching the invoice to p

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Let's Talk 'QuickBooks Desktop' at September's 'QB Talks'

Insightful Accountant

Murph is hosting 'QB Talks' on Sept. 20, where he hopes to discuss "QuickBooks Desktop 2024." He has put his chips on the table and is gambling that Intuit will have released the product and its embargo prior to his opening remarks.

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Noble Consulting acquires Johnson Lambert insurance practice

Accounting Today

An insurance regulatory consulting firm that's part of Katz Sapper Miller, a Top 100 Firm based in Indianapolis, is growing by buying another firm's insurance regulatory practice.

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Understanding CPFF Contracts

Insightful Accountant

Hour Timesheet and Clockwise co-founder Debbie Sabin discusses CPFF contracts and the imperative of DCAA compliant timekeeping.

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Wirecard whistleblower starts platform to detect wrongdoing

Accounting Today

Pav Gill is setting up Confide, catering to companies that want to boost their corporate governance.

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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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What Is A Billing Mediation System & Why Does It Matter?

Billing Platform

A familiar term to most, mediation is the process of settling disputes in order to come to an agreed upon resolution. But what exactly is billing mediation? Moreover, what is a billing mediation system, and why do these systems matter – especially to subscription-based organizations? Built on repeat business, subscription-based businesses require mediation to ensure accurate billing.

Billing 52
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Ex-Americanas CEO says he's scapegoat

Accounting Today

Miguel Gutierrez argues he had nothing to do with the attempt to manipulate the retailer's financial accounts that led to a massive accounting scandal.

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Alternative Currencies

Tipalti

For businesses that handle international transactions, it’s critical to understand alternative currencies and how to perform alternative currency payouts.

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In the blogs: Turning heads

Accounting Today

Incoherent economics; TCC requirements; the remote debate; and other highlights from our favorite tax bloggers.

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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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How CFO Expertise can Help your Business Grow

Analytix Finance & Accounting

A Chief Financial Officer (CFO) is responsible for setting a business’s financial budgets and objectives and taking concrete and appropriate steps to meet them. While many think hiring a CFO is only necessary for large organizations, it can benefit a business of any size and at any stage in its journey. How Industry Intelligence Assists CPA Firms Better When it comes to offering higher-level CFO consulting services to clients, CPA firms are often limited by bandwidth.

CPA 52
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Learn strategies for transitioning from solo work to a team-based firm

Blake Oliver

I'm hosting a free webinar on Thursday, September 7, at 12 p.m. EDT focused on strategies for transitioning from solo work to a team-based firm. My guest, Nicole Davis, CEO of Butler-Davis Tax & Accounting, will share practical tips on: Finding and hiring the right candidates Preventing micromanagement Encouraging collaboration Effectively delegating work As a former solo practitioner, I understand the challenges of bringing on your first team members.

Tax 52
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How to Nurture Client Relationships

Insightful Accountant

FFP Wealth Management's John Graziano explains how firms can beyond just the numbers and dive into the arts of providing better service and improving client relationships.

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How to extract pages from PDFs: 5 quick ways

Nanonets

Extract pages from PDFs with our free PDF Splitter!   Try for Free Most of us deal with PDF files regularly. There are always instances when you need to extract specific pages from large PDFs — an expense claim from a bulk download, a page from an academic paper, a table from a lengthy report, or even a recipe from a large cookbook. So, how do you extract a page or a few pages from a PDF?

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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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Member Spotlight: First Impressions Matter for First Timers

NACM

At NACM's 127th Credit Congress, several attendees had the opportunity to network and experience a wide variety of educational sessions that applied to industries across the board—including construction, global trade and services.Most attendees at Credit Congress are regulars who come every year. However, this year, roughly 142 first-time att.

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The 5 Best Workflow Automation Software in 2023

Nanonets

In the fast-paced world of modern business, the relentless tide of tasks and processes can often feel overwhelming. Imagine this: you're part of a bustling marketing team juggling numerous campaigns, each with deadlines, approvals, and content revisions. Your inbox is flooded with emails, spreadsheets, and project updates, making it a Herculean effort to keep everything on track.

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The September CMI Survey is Now Open

NACM

? Credit managers have a special skill that no other professional has—the ability to predict the future. But it's not based on magic. Credit professionals are inherently forward-looking, as they are always concerned with the chances of getting paid in the future. ? It is up to you to share that knowledge! You can do so by participating in NAC.

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