Mon.Dec 04, 2023

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IRS falls short when employees get arrested

Accounting Today

The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report.

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14 Awesome Accounting Blogs for Accountants & Accounting Mangers

Fidesic blog

Looking for the best accountants blog? We couldn't narrow it down to just one so we chose to list 14 great blogs for accountants and other thought leadership sources on accounting. The accounting blog topics vary slightly for each one. The first 9 blogs are general accounting blogs and news sources. The last 5 are geared toward accounts payable and payments industries, because that's what we are focused on.

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PwC names Mohammed Kande as new global chair

Accounting Today

Kande has been the firm's global advisory leader since 2019 and also currently serves as co-leader of the U.S. Consulting Solutions side, where he has been involved in the firm's artificial intelligence efforts.

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Make sales tax easier with Xero’s new auto sales tax, powered by Avalara

Xero

It’s no secret that businesses are always looking for ways to work smarter and faster. In fact, according to a recent survey of finance professionals commissioned by Avalara , 71% are investing in more tools and solutions to close overall efficiency gaps. When it comes to manual tasks, there are few that are more burdensome than sales tax. There are more than 13,000 jurisdictions across the US, so sifting through them all and making sure you’re selecting the right ones for your business can be a

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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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IRS spots $37.1B in tax and financial crimes

Accounting Today

The Internal Revenue Service's Criminal Investigation unit identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous year.

Tax 305
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Real-time Payments and FedNow: What You Need to Know 

AvidXchange

In our fast-paced world, consumers want instant gratification. This is becoming true in the payment space, as the adoption of digital payment platforms increases. McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. While person-to-person (P2P) payment tools like Venmo grow in popularity, businesses are beginning to expect that same convenience.

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Award Nominees and Applicants: Don't Lose that Email

Insightful Accountant

What Does It Take To Be Recognized in the 2024 ProAdvisor Awards? It Takes You Participating! If you've been nominated you should have gotten an email taking you to the Formal Application. Don't ignore or loose that Email!

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IRS whistleblower nets $15M award amid calls for reform

Accounting Today

An anonymous tipster helped the agency catch more than 100 high net worth individuals who paid a combined $71 million in previously avoided taxes.

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Intuit Releases Newest Small Business Index

Insightful Accountant

According to the Intuit QuickBooks Small Business Index, November, 2023 saw US small business employment decrease by 36,800 jobs to 13,244,300 people.

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Consulting giants see AI shaving years off the path to partner

Accounting Today

Artificial intelligence speeds up the time it takes junior staffers to make it to the prestigious partner level as the technology eliminates vast swaths of the repetitive, time-consuming tasks that typically filled up their first few years on the job.

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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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Building Trust with Clients: A Guide to Effective Communication

Enterprise Recovery

Effective communication is the foundation for building trust with clients. Communicating clearly and consistently shows your clients that you value their business and respect their time. Communication and trust create a positive relationship so your clients feel good about paying their invoices.

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Supreme Court could make massive tax impact — or none at all

Accounting Today

Moore v. U.S. could "basically get rid of, I don't know, a third of the tax code," former House Speaker Paul Ryan has said.

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The Practical Guide to Project Management for Accountants

Jetpack Workflow

Successful project management for accounting firms is more than setting up a timeline for deliverables and estimating project costs. It also requires you to effectively manage client expectations and not let obstacles or mounting pressures compromise the quality of your work. For the growing number of firms with teams working remotely or with a hybrid model, having proper project management systems in place becomes even more essential.

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Marcum launches generative AI tool, AskMarcum.ai

Accounting Today

The tool is a product of Marcum Technology's innovation incubator, Marcum Labs, and is embedded within Microsoft Teams.

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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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eLearning Portals: Features, Best Practices, and Tips

Invoicera

Nearly half of the world’s most profitable organizations use eLearning techniques to assist novice professionals in honing their technical skills. Employers are witnessing an enormous rise in worker engagement with an eLearning platform. On average, employees use eLearning platforms for learning for over 5 hours. In this blog, we’ve put together some best practices […] The post eLearning Portals: Features, Best Practices, and Tips appeared first on PixelCrayons.

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Ex-lawyer who advised top banks on taxes told to expect conviction

Accounting Today

A former Freshfields Bruckhaus Deringer attorney advised top investment banks on how to navigate the "Cum-Ex" trading strategy at the center of Europe's biggest tax scandal.

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Join us for Today's Future Forward (Day-1)

Insightful Accountant

It's Future Forward time. are you ready to find out what the future holds for the accounting, bookkeeping and advisory communities? It's not too late to register for today's FREE informative 'live' sessions.

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Billionaire tax rests on a disputed $14,729 refund at the Supreme Court

Accounting Today

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

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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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Automated order processing: Boost efficiency

Nanonets

Whether running a B2B or B2C business, streamlining your order-to-cash (O2C) process can mean the difference between success and stagnation. A recent McKinsey study revealed that a shocking 3-5% of EBITDA often slips through cracks in the O2C process. That's cash you could be pocketing! Moreover, manual methods simply can't keep up with the experiences that modern customers now expect.

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Art of Accounting: Jumpstarting tax season 2024

Accounting Today

Now is the time to start planning tax season and easing some of its pressures.

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