Sat.Dec 07, 2024 - Fri.Dec 13, 2024

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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BOI filing uncertainty continues

Accounting Today

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

professionals

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Your Guide to Managing Recurring Revenue

Billing Platform

In contrast to traditional sales models that consist of one-off purchases, recurring revenue delivers a predictable and stable revenue stream. Occurring at regular intervals, recurring revenue provides companies with revenue on a monthly basis (MRR) , annual basis (ARR) , and/or other predetermined time frames. Want to dig a bit deeper? Read on to gain a better understanding of recurring revenue , the importance of this revenue model, its benefits, what it takes to maximize recurring revenue suc

Billing 98
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What’s new in Xero – December 2024

Xero

Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.

XERO 246
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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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FOCUS Sandbox and sample data available now

FinOps Foundation

Key Insight: To support the adoption of FOCUS , the FinOps Foundation has augmented the Use Case Library with the introduction of the FOCUS Sandbox. FinOps Practitioners can use this sandbox to run SQL queries on actual (anonymized) FOCUS billing data to gain a clear understanding of what FOCUS data looks like, and the real-world insights it yields.

FinOps 130
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The Side Hustle Generation: Gen Z and Millennials Redefine Financial Success

Intuit

The multiple gigs hustle is alive and thriving among Gen Z and millennials. According to Intuits latest consumer survey, The Side Hustle Generation: Gen Z and Millennials Redefine Financial Success, nearly two-thirds of 18-35-year-olds have started or plan to start a side hustle as an addition to another form of income. Even more telling, 65% of them intend to carry their entrepreneurial ventures into 2025.

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Malaysia’s National E-invoicing Initiative: What SMEs need to know

Xero

With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries.

Invoicing 245
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FinOps X Europe 2024 – Breakout Sessions

FinOps Foundation

Key Insight: Dozens of breakout sessions and interactive chalk talks at FinOps X give Practitioners insights from their peers to help solve real challenges that exist in their organizations today. Breakout session recordings are available on our website and YouTube channel for you to watch and learn from. Breakout Sessions illuminate key FinOps Topics Away from the bright lights of the big stage, dozens of more intimate sessions also happen at FinOps X in the form of breakout sessions and intera

FinOps 130
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Intuit and Amazon Expand Strategic Partnership

Intuit

Today, Intuit and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuits AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuits platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth.

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Art of Accounting: Barry Melancon's parting words about future of small firms

Accounting Today

Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.

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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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Ditching the stress of year-end payroll 2024/25

Xero

Payroll year-end can be a busy time for businesses as they navigate deadlines, submission dates, and HMRC rules. Without enough planning, year-end has the potential to be highly stressful. Learn the essentials of payroll end-of-year submission, including common challenges and ways to tackle them. What is HMRC payroll year end? Payroll year-end sees a business wrap up the tax year for payroll purposes.

Payroll 130
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From Data to Decisions: How CFO Support Services Enhance Strategic Financial Planning

Accounting Department

In today's rapidly evolving business landscape, the ability to turn raw data into actionable insights is paramount for sustainable growth and success. For many organizations, especially those without the resources to maintain a full-scale finance department, CFO support services offer a critical link between data and decision-making. These services transform complex financial information into strategic plans that drive business excellence.

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“It’s time to level the playing field”: How financial education can empower women and transform lives

Intuit

Across Canada, women continue to face significant hurdles in achieving financial literacyand these challenges can have lifelong repercussions. Our recent Intuit Financial Literacy Survey revealed that more than half (55 per cent) of women feel uncertain about where to begin their financial journey, compared to just 49 per cent of men. This lack of confidence often translates into struggles with saving for retirement, reducing debt, and managing everyday expenses.

CPA 130
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IRS expands Tax Pro Account, launches enforcement effort

Accounting Today

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

Tax 296
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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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What to Look Out for in 2025: Finance, Purchasing & AP Automation Trends

Compleatable

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. To stay ahead, businesses must be prepared to embrace cutting-edge technology and strategies that enhance efficiency, reduce costs, and foster resilience. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100
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The Big Opportunity Tax Planners are Leaving on the Table w/ Rory Henry

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Rory Henry , a certified financial planner and behavioral financial advisor. Rory, who is also the director Arrowroot Family Office , co-founder of AFO Wealth Management Forward, and author of the upcoming book, “ Holistic Guide to Wealth Management ,” discusses the evolving landscape of wealth management and its critical intersection with accounting and tax professionals.

Tax 59
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Common Methods of Accounts Payable Fraud

oAppsNet

Accounts payable (AP) fraud is a significant threat to businesses of all sizes. Fraudsters are becoming increasingly sophisticated in exploiting vulnerabilities within the accounts payable process to misappropriate funds, steal from companies, or manipulate financial data. Understanding the most common methods of AP fraud is essential for safeguarding your business.

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IRS offers tax pros draft info security plan

Accounting Today

A primer on WISPs from the Internal Revenue Service can get practitioners started on setting up this required plans.

Tax 290
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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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How to Deduct Meals and Entertainment in 2025

Billah and Associates

Meals and entertainment (M&E) expenses are often incurred by businesses, but they can be confusing to deduct. To ensure you’re maximizing your deductions, it’s essential to understand the specific rules and regulations. As a business owner, maximizing tax deductions is crucial for maintaining healthy financials. In 2025, meals and entertainment deductions might offer valuable savings when handled correctly.

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Accounting Firm Acquired for 11X EBITDA? State of M&A and More w/ Geoff Bruskin

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes Geoff Bruskin , founder and managing partner of White Tiger Connections. They dive into the dynamic landscape of mergers and acquisitions (M&A) within the accounting industry, exploring how recent trends have created a surge in acquisition interest. Geoff discusses the impact of cloud technology and the shift towards distributed employment, which have transformed the M&A space.

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How to Avoid Hidden Cloud Costs: A Must-Know for Startups

Economize

Cloud computing simplifies IT management for startups. It does not require large upfront investments and has the scalability to adapt to changing business needs. It easily adapts to emerging technologies. like machine learning and generative AI. However, keeping your cloud budget under check is often a challenge for many new startups.

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TIGTA helped save $6B, agency says

Accounting Today

The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.

Tax 289
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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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Wire Transfer vs ACH Transfer

Fidesic blog

Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.

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Common Mistakes SMEs Make When Analysing Financial Statements and How to Fix Them

Counto

Common Mistakes SMEs Make When Analysing Financial Statements and How to Fix Them For SMEs in Singapore, analysing financial statements is a crucial but often daunting task. Many small business owners unknowingly make common mistakes when reviewing their financials, which can lead to missed opportunities, financial challenges, or poor business decisions.

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Top 8 E-Way Bill Software in 2025 to Simplify GST Compliance

Invoicera

The E-Way Bill system was implemented along with the new taxation system known as the Goods and Service Tax (GST) in India. It has greatly impacted the flow of cargo and eradicated fraud. Just in August 2024, over 10.54 crore e-way bills were generated , which shows the significance of this system. It has improved compliance, stricter enforcement, and enhanced business processes.

Billing 45
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Big changes expected at SEC under new chairman

Accounting Today

The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.

Auditing 289
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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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What to Look Out for in 2025: Finance, Purchasing & AP Automation Trends

Compleatable

The world of finance, purchasing, and accounts payable (AP) automation is transforming rapidly, and 2025 is set to bring even more significant changes. To stay ahead, businesses must be prepared to embrace cutting-edge technology and strategies that enhance efficiency, reduce costs, and foster resilience. Heres what to watch for in the coming year: The Rise of Hyper-Automation in Finance Automation is no longer a novelty; in 2025, hyper-automation will dominate.

AP 100
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Top Challenges Faced By Retailers and How Cloud Solves Them

Ace Cloud Hosting

The retail industry is navigating a rapidly evolving landscape driven by shifting consumer behaviors, supply chain disruptions, and fierce competition. Retailers are under constant pressure to adapt to these changes.

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10 Invoicing Software Every USA Business Should Know About

Invoicera

Managing invoices can sometimes feel a tough task, much like a performance of trust where an error could lead to a complete disaster! Invoicing is considered an essential need and not a mere want for owners of small and medium enterprises across the United States of America. Recent statistics reveal that 61% of late invoice payments in the U.S. are due to manual processing errors, highlighting the critical need for efficient invoicing solutions.

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PCAOB sees signs of improvement in audit quality

Accounting Today

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

Auditing 278
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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.