Wed.Nov 27, 2024

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Notable 401(k) and IRA plan changes for 2025

Accounting Today

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

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Leverage FP&A for Smarter Financial Planning

Accounting Department

For any business owner, prioritizing the company’s future is essential. Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasn’t focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Can PE buy transformation?

Accounting Today

Many private equity-backed firms at Accounting Today's PE Summit think so, along with much more.

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How To Maximize Medicare Reimbursements

RevCycle

Medicare presents both opportunities and challenges for healthcare providers, with reimbursement management being the primary focal point. With complex regulations, evolving policies, and an intricate reimbursement structure, maximizing Medicare reimbursements is critical for the financial health of practices, clinics, and hospitals. In this blog post, we’ll explore practical strategies healthcare providers can use to optimize their Medicare reimbursements.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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IRS faces steep budget cuts without congressional action

Accounting Today

The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue Service that could be rescinded due to duplicative legislative language.

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Why Transparent Pricing Matters in Account Migration Services for Small Businesses in Singapore

Counto

Why Transparent Pricing Matters in Account Migration Services for Small Businesses in Singapore As a small business owner in Singapore, you know that efficiency is key, especially when it comes to managing finances. Migrating your accounting system is a major decision that can impact the future of your business. One crucial factor that will affect the success of your migration is transparent pricing.

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My take on the Macy's accounting error

Blake Oliver

Happy to contribute the CPA perspective to The New York Times' coverage of Macy's Thanksgiving Week Accounting Error. Here's my take: This sort of accrual journal entry mistake is easy to make. But was it a mistake? The account from Macy's doesn't quite add up. Macy's said that a single employee "intentionally" hid up to $154 million in delivery expenses over several years.

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Accountants need to balance AI, automation and crucial skills

Accounting Today

Over-reliance on artificial intelligence carries concerns that cannot be overlooked. Technology can't replace critical thinking and professional skepticism.

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Understanding the True Cost of Account Migration: What Singapore SMEs Should Know

Counto

Understanding the True Cost of Account Migration: What Singapore SMEs Should Know When small and medium-sized enterprises (SMEs) in Singapore decide to migrate their business accounts to new software or platforms, they often focus on the benefits of improved efficiency and better functionality. However, the migration process comes with a range of costs that many SMEs overlook.

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Macy's touted a metric that had been juiced for years

Accounting Today

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Navigating Account Migrations: Key Considerations for Singapore SMEs

Counto

Navigating Account Migrations: Key Considerations for Singapore SMEs For Singapore SMEs , account migrations are crucial to improving operational efficiency, enhancing financial reporting, and keeping up with evolving business needs. Whether upgrading accounting services , switching providers, or moving to cloud solutions, a successful migration is key to maintaining financial accuracy and regulatory compliance.

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Get intentional and reclaim your calendar

Accounting Today

By viewing time as a valuable asset — much like the financial assets you manage for clients — you can make better choices about how you invest your hours.

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Murph's Payroll App Comparison

Insightful Accountant

December 12 is the upcoming date for our next 'Be Insightful' Premium Content App Comparison, now covering fourteen Payroll Apps.

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4 Easy Tax Season Marketing Tactics

Future Firm

Make tax season marketing manageable with these 4 easy tactics. Keep your campaigns effective without overloading your schedule. The post 4 Easy Tax Season Marketing Tactics appeared first on Future Firm.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Nov 27, Comparing Regular vs. Simplified Home Office Deduction

Bookkeeping Essentials

There are two methods to calculate the home office deduction: Regular Method and Simplified Option. Let's take a look at who qualifies and how each method works.

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Top 10 Automated Invoicing Software to Simplify Your Business Finances

Invoicera

Picture this: You’ve got stacks of invoices, working with numbers again and again, and facing constant payment issues. It is a stressful routine that demands time and is not very much fun. But what if there was a way to have your invoicing easy to design and even easier to send out? Automated invoicing software is the secret tool that every business should be using.

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Nov 27, CRA Releases Guidance on Proposed 2024 Capital Gains Inclusion Rate Changes

Bookkeeping Essentials

CRA news for home based business owners doing their own bookkeeping. Keep abreast of relevant changes and announcements.

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Capital One Spark Cash Select Review

Fit Small Business

Editorial and Partnership Disclosure The card_name is a straightforward, low-cost cash-back card for business owners, offering unlimited 1.5% cash back on all purchases with $0 annual and foreign transaction fees. Designed for easy recordkeeping, it allows you to download purchase records compatible with popular accounting software. If you wish to compare one card over another, The post Capital One Spark Cash Select Review appeared first on Fit Small Business.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Top Remote Accounting Candidates for Hire | November 27, 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 our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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Valley Visa® Secured Business Credit Card Review

Fit Small Business

Editorial and Partnership Disclosure The Valley Visa® Secured Business Credit Card is designed for business owners looking to build or improve their credit. This secured card requires a cash deposit of 110% of your desired credit limit, up to $25,000. Cardholders benefit from a 0% introductory Annual Percentage Rate (APR) on purchases and balance transfers.

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European Family Office

Tipalti

With Tipalti automating so many of its payments processes, the company is now poised to scale its operations with confidence.

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Guidant Financial Review

Fit Small Business

Guidant Financial provides funding solutions for small businesses and franchises. It’s perhaps most well known for its Rollover for Business Startups (ROBS) product, which allows retirement funds to be accessed tax- and penalty-free. However, Guidant Financial also offers other products and services, such as Small Business Administration (SBA) loans, unsecured loans, portfolio loans, and equipment.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Legal Requirements for F&B Franchises in Singapore: How to Get Started

Counto

Legal Requirements for F&B Franchises in Singapore: How to Get Started Starting a food and beverage (F&B) franchise in Singapore can be an exciting and rewarding business opportunity. However, there are several legal requirements that must be met to ensure compliance with local regulations. Understanding these requirements is crucial to ensuring your business incorporation is legally sound and ready to operate smoothly.

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Foobar

Tipalti

With Tipalti automating so many of its payments processes, the company is now poised to scale its operations with confidence.

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From Concept to Company: Incorporating a Unique F&B Brand in Singapore

Counto

From Concept to Company: Incorporating a Unique F&B Brand in Singapore Starting a food and beverage (F&B) business in Singapore can be a rewarding venture, given the city’s dynamic culinary scene and its reputation as a global food hub. However, to succeed, it’s essential to turn a great idea into a well-executed plan. To facilitate this process, engaging a company incorporation service can streamline the necessary steps and ensure compliance with local regulations.

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Tennessee Business Insurance Guide

Fit Small Business

Since joining the union in 1796, Tennessee has been known for outsized contributions, hence its nickname as the Volunteer State. So, it is not surprising that small businesses in Tennessee account for almost 100% of employment and contribute to a healthy, growing economy. Tennessee business insurance is essential to the TN economy, protecting businesses from.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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How to Set Up a Central Kitchen for Multiple F&B Outlets in Singapore

Counto

How to Set Up a Central Kitchen for Multiple F&B Outlets in Singapore Operating multiple F&B outlets in Singapore can be rewarding but also complex. Managing consistency in food quality, ensuring operational efficiency, and controlling costs across various locations can quickly become overwhelming. One effective solution to address these challenges is the setup of a central kitchen.

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Introducing the Compleat EcoSystem: A Game-Changer for Customers and Suppliers

Compleatable

At Compleat Software, we’ve always been committed to empowering small to medium sized businesses with tools that drive efficiency and growth. Today, we’re excited to announce the launch of the Compleat EcoSystem , a groundbreaking platform designed to transform how customers and suppliers interact and transact. For Our Customers: The Compleat EcoSystem enhances yet simplifies the entire purchasing process by putting trusted supplier information at your fingertips.

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Setting Up a Self-Service Food Kiosk in Singapore: Key Steps and Considerations

Counto

Setting Up a Self-Service Food Kiosk in Singapore: Key Steps and Considerations Starting a self-service food kiosk in Singapore can be an exciting and profitable venture, especially given the growing demand for convenient dining options. However, it involves navigating various legal, regulatory, and operational requirements for your business incorporation.