Sat.May 14, 2022 - Fri.May 20, 2022

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What matters most to small businesses in this Federal Election?

Xero

In less than a week, millions of Australians will cast their ballot in this year’s Federal Election. This is a chance for eligible voters to have their say about who will be our next prime minister and which parties will have the most influence in Federal Parliament. . For our nation’s self-employed community – comprising 2.4 million people or roughly 10 percent of the voting population – this election outcome feels especially important.

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IRS audit rates plummet, especially for wealthy

Accounting Today

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30 Best Cloud Monitoring Tools (Updated By Category)

CloudZero

The purpose of cloud monitoring is to identify, observe, track, and manage cloud infrastructure components and services. Cloud monitoring helps organizations ensure their services meet customer expectations of performance, availability, and security.

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Marketing for Accountants: The Top 19 Strategies

Future Firm

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Let’s check them out!

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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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A short guide to Making Tax Digital for hospitality

Xero

The hospitality industry is no stranger to new challenges. From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. We’ll also explore how the additional benefits of digitisation and cloud-based accounting software can help you run a healthier business.

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New AICPA chair pledges to 'open doors, broaden horizons'

Accounting Today

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Container Cost Management: Allocating Kubernetes Costs The Easy Way

CloudZero

Containers are one of the most popular ways for businesses to deploy applications. They provide an easy method of packaging applications into self-sufficient units that can be used, moved around, and re-used in any number of ways without breaking the overall functionality of your software.

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How Candice Brown tackled Making Tax Digital and kept her pub pouring through the pandemic

Xero

It’s hard to overstate how damaging the global pandemic was for local pubs. Many of these businesses are institutions – not simply a place to get a cold pint, but a home away from home, with friendly staff, possibly a sleepy dog and, if you’re lucky, a roaring fire. . Yet, forced to shut their doors as the pandemic ripped through our lives, many struggled to cope with the restrictions that kept customers away.

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Tax season wasn’t as bad as some expected: Survey

Accounting Today

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FinOps Shared Responsibility Model

The FinOps Alliance

The theory When someone starts their journey into the AWS cloud resources and services, one of the first things they are bound to run into is the AWS Shared Responsibility Model for security. The model describes how it is both up to AWS and the end user to ensure that their cloud workloads are sufficiently secure. AWS makes the destinction between security of the cloud and security in the cloud.

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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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5 Top Cloud Financial Management Software Solutions In 2022

CloudZero

Cloud computing offers nearly limitless capacity on-demand, but left unmanaged, that flexibility can lead to surprisingly high monthly cloud bills.

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Everything you need to know about digital links for Making Tax Digital

Xero

As a small business owner getting to grips with what’s needed to comply with Making Tax Digital (MTD) for VAT, you’d be forgiven for feeling a little overwhelmed by the number of actions and items you’ve likely never encountered before. From bridging software to HMRC-compliant solutions , you may still be playing catch up. Now, we turn to digital links , which have been mandatory for MTD for VAT compliance since April 2021 and play a vital role in connecting software packages and submitting MTD-

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IRS increases interest rates for Q3

Accounting Today

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FCPA Compliance in M&A | Oversight

Oversight

The Foreign Corrupt Practices Act (FCPA) , enacted in 1977, generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business. The FCPA can apply to prohibited conduct anywhere in the world and extends to publicly traded companies and their officers, directors, employees, stockholders, and agents. Agents can include third-party agents, consultants, distributors, joint-venture partners, and others.

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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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WEBINAR: Hiring and Keeping Your Talent In The Great Resignation

accountingfly

Is your firm struggling with retaining accounting talent or making hires? If so, your firm is not alone. The problem is real! CPA firm turnover is at record levels, leaving firm staff overwhelmed and struggling to deliver for clients. To combat this, Jeff Phillips will give your firm the playbook to immediately decrease your talent loss, retain your best staff, and fill your open roles.

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What Is A Recurring Transaction?

EasyBooks

When a customer pays an amount at regular intervals for a subscription or membership fee, this is known as a recurring transaction. For instance, spending $10 per month to access premium content on your website is a recurring transaction.

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KPMG Audit Kickstart CPA program will pay new hires to study

Accounting Today

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Switch to FreshBooks in May to Track Business Expenses the Easy Way

FreshBooks

Unless you filed an extension (which is a great idea by the way), tax season might feel like it was months ago…wait, it was right? Now that it is, it’s time to start thinking about getting ready and staying ready for next year. Whether you had things in order or not, it’s never too early […] The post Switch to FreshBooks in May to Track Business Expenses the Easy Way appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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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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Orphan 1040s

Cloud Accounting Podcast

Sponsors OnPay: [link] FreshBooks: [link] Canopy: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 2:57 – Tether (USDT) stablecoin drops below $1 peg [link] Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam [link] 10:46 – Crypto investors likely pay less than half the taxes they owe [link] 12:05 – Web3 accounting firm officially launches on Tactic.com

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What you need to know about changes coming to payroll from 1 July 2022

Xero

While it may be lacking the fireworks and champagne of New Year’s Eve, come 1 July the new financial year ushers in fresh opportunities for Australia’s small businesses. Along with the new calendar, there are often regulatory changes for you to manage or implement. And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees.

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Tips to avoid an audit on a like-kind 1031 exchange

Accounting Today

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Homebuilding Permits Tumble in April

NACM

The housing market is showing signs of cooling, as U.S. homebuilding permits dropped to a five-month low last month, Reuters reports. "Homebuilding was already being constrained by soaring prices as well as shortages of materials," the article reads. "The housing market is the sector of the economy most sensitive to interest rates, with building pe.

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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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Ep. 183: Casey Woo – CFOs are on a mission to grow

IMA's Count Me

Connect with Casey: [link] Full Episode Transcript: Adam: (00:05) Welcome back to the Count Me In podcast. I'm your host. Adam Larson in today's guest is really interesting. Casey. Woo. Casey's been a strategic financial leader in Silicon valley for the past two decades, investing in an operating high growth tech and tech enabled companies. He is the CFO of landing, the former head of strategic finance at WeWork and the co-founder of operators Guild, a knowledge sharing community for CFOs and ot

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Steps to perfect your payroll this EOFY

Xero

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. However, most of us will have completed an EOFY using Single Touch Payroll (STP) before, so wrapping up the 2021/22 financial year should be smooth sailing. . Whether this is your first time finalising your EOFY with STP, you’re an old hand, or you need to submit payment summaries for your employees – by following these steps y

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IRS probed hundreds of cases of unauthorized access to taxpayer data

Accounting Today

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Biden Administration to Ease Some Economic Sanctions Against Venezuela

NACM

The U.S. is moving to ease some economic sanctions against Venezuela in hopes to encourage negotiations between the U.S.-backed opposition and Nicolás Maduro's government, according to the Associated Press.Several U.S. oil firms had their Venezuelan operations frozen by sanctions first imposed in 2019 to "choke oil exports and deprive Caracas of it.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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IRS may start collecting more demographic info

Accounting Today

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Should I stay or should I go? What it means to move your CPA firm to the cloud

Accounting Today

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AICPA announces 2021 Elijah Watt Sells Award winners

Accounting Today

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On the move: RubinBrown elects new MP

Accounting Today

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.