Sat.Jan 04, 2025 - Fri.Jan 10, 2025

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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Why CFO Support Services Are Essential for Business Success in 2025

Accounting Department

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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A simpler tax code means simpler taxes. For everyone.

Intuit

Today, the US tax code is over 6,000 pages. Thats longer than the Bible, War and Peace, and Robert Caros The Power Broker combined. Thats a lot of pages and a lot of complexity. The tax code wasnt always this complicatedover the last 30 years, it has more than tripled in size. Even the Taxpayer Advocate Service has said that, US tax laws are overly complex.

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Why Your Non-Profit Needs Smarter Purchasing and Accounts Payable Practices

Compleatable

Managing a non-profit organization is no small feat. From juggling fundraising efforts to overseeing operations, every decision you make has a ripple effect on the communities you serve. In this context, one often-overlooked area that can deliver significant impact is how purchasing and accounts payable (AP) processes are managed. Adopting smarter practices in these areas isnt just an operational upgradeits a strategic move that can save time, reduce costs, and amplify your mission.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Small business job and wage growth slackened

Accounting Today

Job growth and hourly earnings growth moderated in the latter part of 2024, according to the payroll processor Paychex.

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Maximizing Profit Opportunities with Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Top 10 Collection Reminders Writing Tips

Gaviti

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Many businesses that have embraced automated tools such as payment reminder software are able to simplify this process with dunning emails and late payment reminder templates that ensure consistency, save time, and improve efficiency.

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IRS to start tax season on Jan. 27

Accounting Today

Newly expanded and improved tools will be available when tax season kicks off this month.

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What Business Overdraft Protection Is & How It Works

Fit Small Business

Overdraft protection is a business checking service that allows your bank to auto-transfer funds from a backup account, credit card, or a line of credit to pay for transactions if your main checking accounts balance is insufficient. It protects you from overdraft fees and non-sufficient funds (NSF) fees. In many cases, you can set it. The post What Business Overdraft Protection Is & How It Works appeared first on Fit Small Business.

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Beyond the Budget: How Younger Generations Are Easing Stress with Financial Wellness Habits

Intuit

Welcome to 2025, where younger generations are prioritizing wellness over wealthspecifically, financial wellness. The focus is no longer solely on accumulating wealth but on achieving financial wellbeing. Gone are the days when big paychecks defined success; today, mental clarity, peace, and control over money matters take precedence. This transformation reflects a broader cultural evolution, advocating for sustainable financial wellness over riches.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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IRS proposes banning contingency fees

Accounting Today

The change would come as part of the first big amendments to Circular 230 since 2014.

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Top A/R & Invoice Management Tips for B2B Companies

Enterprise Recovery: Accounts Receivable

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

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How to Calculate Accounts Payable Automation ROI

AvidXchange

Table of Contents: AP Automation ROI Calculator | Factors for Calculating Accounts Payable Automation ROI | How to Calculate AP Automation ROI | Intangible Benefits of AP Automation | Tips for Maximizing Accounts Payable Automation ROI | Take the Guesswork Out of Accounts Payable Automation ROI Automating accounts payable (AP) processes can result in many benefits for busy finance and accounting departments.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Cryptocurrency Accounting for Small Businesses in Singapore

Counto

Cryptocurrency Accounting for Small Businesses in Singapore As cryptocurrency continues to gain popularity worldwide, many small businesses in Singapore are exploring its potential as an alternative form of payment or an investment option. However, accounting for cryptocurrency can be complex, and understanding the proper treatment is essential for ensuring your business remains compliant and financially organised.

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The best and worst states for sales taxes

Accounting Today

Data from the Tax Foundation's 2025 State Tax Competitiveness Index ranked which states compete on sales and excise taxes, and which don't.

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Key Benefits of e-Invoicing: Reducing Errors and Invoice Frauds

Invoicera

Misleading and fraud invoices might pull down a firms reputation, besides consuming a lot of time and money. Most traditional accounts payable and receivable processes are susceptible to errors such as duplicate entries, errors made by the workers, etc., all because of manual processes. Did you know? In the US companies are losing an average of $300,000 per business annually to fraudulent invoices.

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Not Being An ‘Order Taker’ and Ditching $250/$300 Clients w/ Shannon Weinstein

Jetpack Workflow

Podcast Summary In this episode of the Grow Your Firm Podcast, host David Cristello welcomes Shannon Weinstein , the CFO for small businesses transitioning from seven to eight figures and President of Keep What You Earn. Shannon shares her unique approach to hiring, emphasizing the importance of crafting compelling job descriptions that sell the company to prospective candidates.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Understanding GST on Imported Digital Services

Counto

Understanding GST on Imported Digital Services As a small business owner in Singapore, you’re likely using a variety of digital services to streamline your operations, from cloud-based software to e-commerce platforms and marketing tools. However, recent changes in tax regulations have introduced GST on imported digital services , which may impact your businesss bottom line.

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Grant Thronton CEO steps down

Accounting Today

Seth Siegel, CEO of Top 10 Firm Grant Thornton, announced he is stepping down from his position after 30 years with the firm.

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Need-to-Know Nonprofit Trends for 2025

AvidXchange

In 2025, nonprofits stand at the crossroads of opportunity and challenge, navigating a rapidly evolving technological landscape. As organizations dedicated to fulfilling vital community needs, they face unique pressures to adapt while maintaining their core mission. Based on our review of industry research, three pivotal trends the increasing use of artificial intelligence (AI), the adoption of electronic payment methods, and the critical need for robust cybersecurity may reshape elements of t

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3 tech must-haves for 2025, according to Canadian businesses

Plooto

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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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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Amazon Fees in Singapore: What Every Seller Should Know

Counto

Amazon Fees in Singapore: What Every Seller Should Know For small business owners in Singapore, selling on Amazon is an excellent way to reach a global audience and expand your online presence. However, before you get started, its essential to understand the various Amazon seller fees. These fees can significantly impact your profits, but incorporating them into your accounting services can help you manage costs more effectively and set competitive prices for your products. 1.

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The best and worst states for property taxes in 2025

Accounting Today

Every state levies property taxes, but some states have high or complex property tax structures, making them less competitive.

Tax 299
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Airwallex Business Account Review for 2025

Fit Small Business

Airwallex provides businesses with global accounts designed to simplify overseas transactions. This financial technology (fintech) platform offers fast transfers, multicurrency accounts, and corporate cards. By using transparent and competitive foreign exchange rates, businesses can effectively lower currency conversion costs and utilize various payment methods.

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What Should Bench Clients Do Now That Employer.com Has Taken Over?

Bookkeeping Express

With the recent acquisition of Bench Accounting by Employer.com, many small business clients are wondering what this transition means for their bookkeeping needs. Benchs abrupt shutdown left numerous clients with incomplete books for 2024, and while Employer.com plans to rehire Bench employees and restart its proprietary technology, the path forward is far from clear.

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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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GST Registration for Small Businesses

Counto

GST Registration for Small Businesses As a small business owner in Singapore, understanding when and how to register for GST is key to managing your tax obligations and staying compliant with the law. GST (Goods and Services Tax) is a tax that businesses in Singapore need to account for when they reach a certain turnover threshold, but the process of registration can often be unclear.

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The decline in accounting majors: What's behind the shift?

Accounting Today

If accounting is to survive as a viable career path, universities and business schools must adopt a more proactive stance.

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What Is a Promissory Note? Examples and Uses

Fit Small Business

A promissory note is a legal document that illustrates a written promise between two partiestypically a borrower (the note’s payee) and a lender (the notes issuer or maker)that states the terms and conditions of a financing agreement. It defines elements such as the principal loan amount, interest rate, maturity date, repayment schedule, collateral requirements, and.

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Top Remote Accounting Candidates for Hire | January 9, 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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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.