Wed.Dec 27, 2023

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IRS updates guidance on EV tax credits

Accounting Today

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

Tax 293
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AWS Budgets vs. Cost Explorer: Understanding the Differences for Optimal Spend Management

ProsperOps

Recent studies find that cost management is the top cloud computing priority for businesses— surpassing security concerns. However, with 94% of companies overspending on the cloud , it’s clear that cost optimization is a major challenge for many businesses. AWS Budgets and AWS Cost Explorer are two useful AWS cost management tools that give visibility into AWS cloud costs and usage.

Budgeting 130
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IRS publishes technical guides for tax-exempt groups and credit unions

Accounting Today

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

Tax 300
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The 35 Most Asked QuickBooks Hosting Questions and Answers in [2024]

Ace Cloud Hosting

Discover responses to frequently asked QuickBooks hosting queries from users and additional resources. Are you curious about QuickBooks hosting and wondering if it suits your business? You’re not alone! Explore.

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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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What do tech vendors have in store for 2024?

Accounting Today

Technology developers who serve the accounting profession share the developments they have planned for 2024.

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QuickBooks Online Balance Sheet Budgets

Insightful Accountant

One less excuse for Desktop Users when it comes to migrating to QBO. There is now Balance Sheet Budgeting available in QBO Plus and QBO Advanced.

Budgeting 104

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Becoming an Accounting Firm of the Future: The Benefits of Embracing New Technology

Insightful Accountant

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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IRS extends due dates for qualified intermediaries

Accounting Today

The Internal Revenue Service has extended some of the deadlines for qualified intermediaries, withholding foreign partnerships and withholding foreign trusts.

Tax 183
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Using Financial Operations To Propel Business Growth

Invoicera

Introduction Welcome to the world of financial operations, where the gears of business growth turn! Have you ever thought about why financial operations play the most significant role in business growth? We’ll tell you! There are some famous words of renowned investor Warren Buffett, “Accounting is the language of business.” And indeed, it is!

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Data finds accountants most productive on Tuesday

Accounting Today

Recent data has found that accountants complete the most tasks on Tuesday, and the least on Friday.

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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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Stratafolio @ QuickBooks Connect 2023

Insightful Accountant

Stratafolio is an online software solution designed specifically for people who own or manage commercial real estate, use QuickBooks, and want to streamline their operations to save time, increase profits, and reduce manual work.

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Why accountants shouldn't worry about AI

Accounting Today

Here's how artificial will really impact accountants and what to do about it.

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Do This When Your Marketing Isn’t Working

Future Firm

Using various marketing tactics and resources sometimes won't guarantee results. As such, you need to consider this strategy. The post Do This When Your Marketing Isn’t Working appeared first on Future Firm.

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Practice Profile: Speaking their language

Accounting Today

CBIZ MHM's Latino-owned business service team has Southern California roots and national ambitions.

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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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20 Questions to Ask New Tax Clients for Easier Onboarding

Jetpack Workflow

When onboarding new tax clients, gathering general details about their tax history and current income level is a necessity. However, you also need to get more specific and inquire about taxable considerations, such as: Alimony paid or received A change in marital status in the past year Significant assets sold College tuition costs for themselves or dependents These factors can have important implications for a client’s tax liability.

Tax 52
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Leverage digital tools to enhance sustainability reporting

Accounting Today

In the quest for enhanced corporate sustainability, the integration of innovative technologies is ushering in a new era of reporting capability and transparency.

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5 Ways to Remove Pages from PDFs

Nanonets

As we navigate through the intricacies of document management, it's not uncommon to encounter scenarios where a leaner, more focused PDF is desired. Perhaps you aim to trim down the file size for easier sharing, extract pertinent information for a concise report, or declutter and refine a document for a polished presentation. Whatever the reason, mastering the art of removing pages from PDFs equips you with a valuable tool in your digital toolkit.

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In the blogs: End-of-year questions

Accounting Today

Income equality; disclosing crypto; meetings are a waste of time; and other highlights from our favorite tax bloggers.

Tax 145
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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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Accountants: Is Value-Based Pricing Better For You And Your Clients?

Invoicera

Introduction Accounting, essential for managing finances, has traditionally relied on hourly rates or fixed fees. But a transformation is taking place in the accounting world—enter value-based pricing. Imagine this: Instead of just tracking hours, accountants are basing their fees on the value they bring. This shift will change how accountants charge and revolutionize the client experience.

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Adler 'significantly overstated' value of old debt, German watchdog finds

Accounting Today

The residential landlord with thousands of properties across Germany has been under intense public scrutiny since October 2021.

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AI and Automation Aren’t Coming for Your Accounting Job – They’ll Make it Better

Plooto

Ever follow Google or Apple Maps directions? Watch movie recommendations from Netflix? Use autocorrect in a document? Or ask Siri, Alexa, or Google about the weather?

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Biden's strict hydrogen tax rules to 'loosen,' Plug Power CEO expects

Accounting Today

Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.

Tax 145
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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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5 Business-Building Benefits of Digitized Cash Management

Plooto

Last year, faced with rising inflation and payroll expenditures, 57% of small businesses slashed costs. But how did they decide what to cut — and how deep?

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