Tue.Nov 21, 2023

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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

Tax 351
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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

Tax 264
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The returns you'll be filing more (and less) of in 2023

Accounting Today

Five types of return are projected to increase in volume by more than 45% in FY 2023.

Tax 317
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Breaking News: IRS Delays 1099-K Requirement Again

Insightful Accountant

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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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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Planning for next year's tax brackets after the tweaks for inflation

Accounting Today

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

Tax 238
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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

More Trending

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9 Best Client Management Tools for 2024

Invoicera

Do any of these scenarios sound familiar? Struggling to keep track of client interactions, communication, and appointments, leading to missed opportunities? Your team finding it challenging to collaborate and share client-related information? Experiencing difficulties with maintaining client satisfaction and building lasting relationships? Concerned about the security of the client’s data?

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When clients want to break free

Accounting Today

There's a case to be made against iron-clad contracts.

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What's New in QuickBooks from Connect | Firms Turning Away Work Due to Staffing Shortages

Cloud Accounting Podcast

We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. Finally, we discuss the disruption of Alphabet's main search business by Microsoft, Amazon, and Apple in the AI-powered assistant space.

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Navigating the complexities of CPA firm mergers

Accounting Today

Accounting firms are increasingly looking to M&A as avenues for expansion and improved service offerings.

CPA 189
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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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5 Powerful Tips to Unlock the Power of Xero for Your Accounting Needs

Outsourced Bookeeping

Using Xero accounting software to its full potential requires more than just expertise, it involves utilizing a technology that is redefining accounting. Discover five efficient strategies in this guide that may assist you in getting the most out of Xero for your accounting needs. These suggestions are designed to advance your accounting skills, regardless of whether you’re looking to improve financial management efficiency, explore smart reporting, or streamline procedures.

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M&A roundup: Accountability Services and Abip expand

Accounting Today

Accountability Services merged with Boulder Valley CPAs; and Abip CPAs & Advisors added Matthews & Johnson CPAs and Brehm, Havel & Co.

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App Academy | Royalwise

Insightful Accountant

Royalwise is becoming an App Partner, offering QBO training to bookkeepers, business owners, and accounting firms. Our courses fill the gaps in knowledge and are NASBA CPE approved.

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In the blogs: All that looms

Accounting Today

Bumping the 1099-Ks; nonsensical language; showing your appreciation; and other highlights from our favorite tax bloggers.

Tax 140
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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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App Academy | Anchor

Insightful Accountant

Publisher, Gary DeHart, sat with Anchor Co-Founder and CRO and learned what Anchor does and how accounting professionals leverage automations to improve their workflow, cash flow and EBITDA so they can "auto-relax".

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Automating AP Approval Process: Enhancing Efficiency for Faster Invoice Approvals

Nanonets

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. Automating the accounts payable approval process in your company is essential because it saves significant time, reduces costs, improves cash flow management, strengthens internal controls , and improves supplier satisfaction.

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Boulder Valley CPAs and Accountability Services Announce Strategic Merger

Insightful Accountant

In a landmark move, Boulder Valley CPAs and Accountability Services have announced a merger that is set to redefine the landscape of the public accounting profession.

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Exciting Changes Coming to QuickBooks ProAdvisor Program!

Insightful Accountant

Join us as we unveil the upcoming revamp of the QuickBooks ProAdvisor program, now in its impressive 26th year!

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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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A Step-by-Step Guide to Identifying Your Ideal Clients

Insightful Accountant

With 316k+ bookkeeping/payroll businesses & 46k+ CPA firms in the US, competition is intense. To grow & charge higher fees, differentiate your brand & business for a healthier bottom line.

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