Sat.Feb 17, 2024 - Fri.Feb 23, 2024

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The 20 best states for doing business

Accounting Today

While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.

Tax 335
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State of FinOps ’24: Top Priorities Shift to Reducing Waste and Managing Commitments

FinOps Foundation

Key Insight: With economic pressure increasing across the world in 2023, many organizations are leaning on their FinOps teams to help prioritize cloud optimizations. Reducing waste and managing commitment-based discounts unseated empowering engineers to take action as the top key priority for the first time. Teams are also investing in their forecasting capabilities to better predict cloud spend, and the cost of running AI/ML is expected to have a big impact on FinOps practices in 2024.

FinOps 331
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Unlocking Business Insights with QuickBooks Dashboards

Accounting Department

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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Podcast | Transforming AP: The Benefits of a Change Management Plan

Cevinio

Discover the nuances of change management in Accounts Payable while working on the transition to a new way of operating.

AP 130
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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 accelerates audits of business jet usage

Accounting Today

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

Auditing 305
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Top Challenges Tax Pros Face (And How Cloud Hosting Beats Them)

Ace Cloud Hosting

Ever feel like tax prep is a juggling act? We get it. From struggling with accessibility to worrying about data security, the challenges can feel endless. But guess what? There’s.

Tax 108

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Giving Some Love to the Concierge Accounting Practice

Insightful Accountant

Imagine a scenario in which you could devote more time to actually partnering with your clients to solve their issues and provide them solutions, rather than simply handling their books or processing their tax returns.

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Accounting standards blamed for lack of accountants

Accounting Today

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

CPA 335
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Why Accountants Quit Public Accounting Firms

Cloud Accounting Podcast

Blake and David meet with Geoffrey Brown of the Illinois CPA Society to examine some key findings from ICPAS's recent retention report, including top reasons for turnover, where departing accountants are going, and ideas for improving work-life balance. Meet Our Guest, Geoffrey Brown LinkedIn: [link] Twitter: [link] Facebook: [link] Instagram: [link] Learn more about the Illinois CPA Society (ICPAS) Website: [link] Listener Survey Please take our listener survey: [link] Need CPE?

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Transforming Stressful Times into Strategic Success | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 13 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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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With Staffing Challenges And Remote/Hybrid Work Here to Stay, Finance Leaders Embrace Back-Office Automation

Insightful Accountant

Businesses are prioritizing efficiency and savings over growth due to uncertain economic conditions. Finance leaders are seeking ways to operate profitably and improve cash flow control.

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IRS criminal investigators crack down on ERC claims

Accounting Today

The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the employee retention credit and educating tax professionals about the problems they can encounter.

Tax 300
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Demystifying Government Contract Requirements: A Guide for New Businesses.

SMB Accounting and Consulting

Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. When reviewing such contracts, key considerations include a thorough examination of the scope of work, payment terms, performance metrics, and compliance with regulations. Utilizing tools like Suppl-O contract briefs can significantly aid in the efficient review process by highlighting changes, facilitating quick reference, and ensuring transparency.

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Beyond the Bottom Line: Dignity, Respect & Netback

RevCycle

Healthcare collections often carry a negative connotation, conjuring images of aggressive tactics and strained relationships. But what if it didn’t have to be that way? At RevCycle, we believe that dignity, respect, and patient understanding are not just ethical imperatives, but also key drivers of successful collections, ultimately leading to a healthier bottom line for healthcare facilities.

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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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QuickBooks Online Advanced Financial Forecasts

Insightful Accountant

As a part of the Financial planning features available to QuickBooks Online Advanced users, a new 'Forecasts' functionality has been released. Presently it is available to all U.S. QBO-Advanced subscribers.

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Washington, Lincoln and the U.S. tax system

Accounting Today

In the wake of President's Day, and in the midst of tax season, take a minute to learn about Washington's and Lincoln's key contributions to the U.S. tax system.

Tax 305
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How to Become a Cloud Bookkeeper

LedgerDocs

The future of business is online, so it is no surprise that so many bookkeepers are beginning to embrace cloud technology to allow them to work online. Becoming a cloud bookkeeper is simpler than you think. Here’s a quick guide to get you started. Choose a Cloud-Based Platform: An important step in moving your operations online is familiarizing yourself with platforms like QuickBooks Online , LedgerDocs , or Xero.

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Podcast: Title of the podcast

Cevinio

The post Podcast: Title of the podcast appeared first on Cevinio.

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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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Major Changes to SALT Taxes

Insightful Accountant

Practitioners often overlook SALT law changes unless specialized, but clients expect awareness. State nexus laws are crucial in tax advisory. Even without sales tax services, SALT law changes can signal nexus impacts.

Tax 102
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Art of Accounting: Top growth areas for CPAs

Accounting Today

Many services can be marketed to new clients as well as to existing clients. Once you begin adding services to your clients, more develop.

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How to Remote Access ATX Professional Tax Software?

Ace Cloud Hosting

ATX professional tax software is an advanced tax preparation software best suited for SMBs, CPAs, and freelance accountants that files simple to complex returns. The software offers many features, such.

Tax 81
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Budget Singapore 2024: Key Takeaways for SMEs and Business Owners

Counto

Budget Singapore 2024: 6 Key Takeaways for SMEs and Business Owners Singapore Budget 2024 contains several financial measures to support businesses, households, and individuals. Here are the key highlights: Support for Businesses : The new Enterprise Support Package will allocate SG$1.3 billion to assist companies in managing rising costs. This includes a 50% corporate income tax rebate, with a cap of SG$40,000, and a minimum of S$2,000 in cash payouts for companies that hired local employees in

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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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Keeping New Clients in the Pipeline

Insightful Accountant

For small tax practitioners, a consistent flow of new clients is vital for growth. Balancing return completion with lead generation during tax season is key. Building a client pipeline year-round ensures continuous business development.

Tax 101
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Firms grapple with sustainability reporting and assurance

Accounting Today

Most companies are providing some disclosures about their sustainability efforts, but not as many are getting assurance on their numbers from auditing firms.

Auditing 288
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Onerous contract definition

Accounting Tools

What is an Onerous Contract? An onerous contract is a contract in which the aggregate cost required to fulfill the agreement is higher than the economic benefit to be obtained from it. Such a contract can represent a major financial burden for an organization. These contracts may be considered onerous as soon as they come into existence, but it is more common for them to be considered onerous due to a change in circumstances that either increases their costs or reduces their benefits.

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Microsoft 365 Hosting vs. On-Premise: Difference Explained

Ace Cloud Hosting

In today’s fast-paced business world, choosing the right hosting option for Microsoft 365 is crucial. Whether to go with cloud hosting or on-premise deployment can significantly impact productivity and efficiency.

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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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What Artificial Intelligence Means for the Future of Accounting in 2024 and Beyond

Insightful Accountant

AI, especially ChatGPT by OpenAI, took over tech news. Speculation on its impact on industries and professions is high. As tax season nears, maximizing tech efficiency is a priority.

Tax 98
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International tax changes bring uncertainty to global companies

Accounting Today

The changes underway in setting global taxes are leading to confusion for many countries that authorities are trying to alleviate.

Tax 299
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Ep. 252: Rick Watson - Cultivating Organizational Trust

IMA's Count Me

Welcome to Count Me In! Join host Adam Larson and special guest Rick Watson , CEO of Protection Point Advisor, founder of the National Referral Network and author of A Firm Worth Building. They dive into inspiring stories and insights on leadership, company culture, and business success. Get ready for engaging conversations and valuable business wisdom from industry experts like Rick, who shares his journey and expertise in changing company culture.

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The Biggest Check You Can Write to The IRS

Cloud Accounting Podcast

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.

CPA 61
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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.