Thu.Jan 23, 2025

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SEC withdraws accounting guidance on safeguarding crypto assets

Accounting Today

The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.

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5 Signs Your Accounting Service is Putting Your Business at Risk

Accounting Department

For entrepreneurs and SMB owners, accounting is the backbone of a healthy business. Without accurate and reliable accounting practices, even the most successful companies can find themselves in turmoil.

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Tax Fraud Blotter: Shipping and mishandling

Accounting Today

Noted once more; a lot of shingles; refund's in the mail; and other highlights of recent tax cases.

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Intuit Payments Reminder - Attention Primary & Company Admins

Insightful Accountant

Intuit is expanding access to QuickBooks Payments for some of QuickBooks users. This change will happen by the end of January. It's therefore important that Admins review roles and permissions related to payment authorization and processing.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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CPA Success Index: Ranking the nation's top collegiate accounting programs

Accounting Today

These institutions serve as examples of how academic structure, focused preparation and student support can help graduates successfully navigate the CPA exam.

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What Do You Use for Workflow Automation?

Insightful Accountant

Short surveys, like this one on "workflow automation" apps give us valuable input on how you enhance your practice, or interests you may have in webinars, app comparisons, in-depth reviews, and "how to" features.

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Payment Fraud Explained: Risks, Impacts, and Prevention

Tipalti

Learn what payment fraud is, how it happens, the industries most at risk, and effective strategies to detect and prevent it for your business.

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IRS can't verify LITC grant recipient eligibility

Accounting Today

The IRS doesn't have the authority to independently verify that recipients of Low Income Taxpayer Clinic grants are eligible to receive them.

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Is This the Most Profitable Accounting Firm? w/ Jesse & Tom from FinOptimal

Jetpack Workflow

Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes Jesse and Tom from FinOptimal , a company that uniquely combines accounting services with innovative QuickBooks applications designed specifically for accountants. The conversation delves into their dual business model, exploring how they balance service and product development in the competitive accounting landscape.

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AICPA wants bigger safe harbor for corporate AMT

Accounting Today

The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.

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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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ProSeries Software – Versions, Features, and How They Differ

Ace Cloud Hosting

Are you in the market for tax software that makes complicated tax computations easier? Completing tax preparation is integral to each financial year, and the right software can significantly ease.

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New 'investor-friendly' ETFs unlock tax deferral on appreciated assets

Accounting Today

Funds that use Section 351 conversions are rolling out in 2025, led by the launch of one with the ticker TAX. Here's what financial advisors and investors should know.

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What are Per Diem Rates? How and When to Use Them

Tipalti

Explore the benefits of per diem rates, how they streamline travel expenses, and why theyre essential for UK businesses and employees on the go.

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Accounts Payable Outsourcing

Black Ink Tax & Accounting

Table of Contents The Pros and Cons of Accounts Payable Outsourcing: What You Need to Know The business environment is […] The post Accounts Payable Outsourcing appeared first on bitaccounting.

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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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What Dynamics GP Perpetual Licensing Cut-off Means

Fidesic blog

Since Microsoft officially announced in 2024 that it would be sunsetting Dynamics GP, there have been a few key dates and deadlines released. One kinda big one is quickly approaching. Come April 1, 2025, Microsoft will no longer sell new deployments of GP on Perpetual Licensing. In this post well explain what this means and what your options are.

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Small Business Tax Accountants Near Me

Black Ink Tax & Accounting

Table of Contents Outsourcing Accounting Services for Small Business As competitive as today’s infrastructure is getting, small startups and businesses […] The post Small Business Tax Accountants Near Me appeared first on bitaccounting.

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CFPB Uproar Overshadows State-level Regulations

RevCycle

The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Rightfully so, as it removes a key piece of leverage in the collection of medical debts. However, ACA International has already filed a lawsuit against the rule, arguing overreach beyond the CFPBs regulatory authority. In light of the delay in implementation this will likely cause, our January blog post will review noteworthy recent regulatory changes in various states acros

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How to Start a Personal Training Business

Fit Small Business

If you’re a personal trainer, starting your own personal training business can be the route to more freedom, flexibility, and income. Of course, this is only true if you run your business in a way that drives your success. Fortunately, learning how to start a personal training business is simple when you follow a step-by-step. The post How to Start a Personal Training Business appeared first on Fit Small Business.

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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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Understanding a TIN: What Is It, and How Is It Used?

oAppsNet

A Taxpayer Identification Number, often called a TIN, is a unique number used by government agencies, banks, and other organizations to keep track of individuals and businesses. Providing your TIN when you file your taxes or apply for certain financial services is a convenient way to confirm your identity, view your past filings, and ensure your records are accurate.

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What Is a Money Services Business? Types, Regulations & More

Fit Small Business

A money services business (MSB) is a non-bank financial institution, business, or person engaging in money transmission, money conversion, or money exchange. These include selling money orders, cashing checks, and exchanging foreign currency. MSBs are regulated by the Financial Crimes Enforcement Network (FinCEN), must follow all the regulations set by the Bank Secrecy Act (BSA), The post What Is a Money Services Business?

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Top Remote Accounting Candidates for Hire | January 23, 2025

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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How to Build Confidence and Leadership as a Bookkeeper

The Successful Bookkeeper

Confidence and leadership may not seem like typical skills required for running a bookkeeping business, but they are crucial for long-term success. Bookkeepers often face self-doubt, undervalue their contributions, or struggle to position themselves as strategic partners to their clients. This blog explores actionable strategies to build confidence, enhance leadership skills, and take your bookkeeping business to the next level.

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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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What Is Product Positioning? Examples & Importance

Fit Small Business

Product positioning is how you present your product to your audience to give them a specific impression. It is a strategy that motivates your target market to engage with your brand and eventually purchase your product. Proper product positioning also allows you to stand out from the (increasingly tough) competition. Importance of Product Positioning Product.

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TikTok & IRS Direct File Saved; Trump Issues Own Currency

Cloud Accounting Podcast

Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.

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SALT talks gain steam with Trump's blessing on tax break

Accounting Today

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.

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