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Why Real-Time Financial Reporting is Essential for Your Business

Accounting Department

Financial reporting has long been a fundamental component of successful business management. It serves as the blueprint for decision-making, reveals opportunities, and identifies risks. Yet, in a rapidly changing economic environment, depending only on monthly or quarterly financial statements is gradually becoming outdated.

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? We know it can be a bit painful, so weve prepared some tips to make the process as smooth as possible. Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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Why Scaling Businesses Need Controller Services (Before It’s Too Late)

Accounting Department

Scaling a business is an exciting yet challenging endeavor. As companies grow, financial complexity increases and the need for accurate financial oversight becomes critical. Many businesses find themselves in a position where their bookkeeping is well-managed, but they lack the high-level financial insights necessary to make informed decisions. This is where controller services play a vital role in helping companies scale efficiently.

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FinOps Framework 2025

FinOps Foundation

Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps as it evolves to a Cloud+ approach to managing technology spend. The 2025 revisions reflect the addition of Scopes as a core element of the Framework, and include incremental updates to the definition of FinOps and the language used to describe the Principles, Domains, and Capabilities to align with the addition of Scopes.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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IRS underreported costs of Direct File: TIGTA

Accounting Today

Internal Revenue Service reports of the cost of the free tax-filing program left out at least $8.8 million in costs, according to a new report.

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What the NICs Grant Delay Means for School Finance in 2025

Compleatable

The Department for Educations recent release of the National Insurance Contributions (NICs) grant methodology for April 2025 to March 2026 highlights a critical issue for school and trust leaders: the growing complexity of cash flow management in the face of rising employment costs. While the grant itself is welcome support in principle, intended to help schools meet increased NICs liabilities from April 2025, the reality is that the money wont land in school accounts until October.

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Overcoming Productivity Challenges in Bookkeeping

The Successful Bookkeeper

Staying productive as a bookkeeper isnt just about managing numbersits about managing your time, focus, and energy effectively. On The Successful Bookkeeper Podcast , productivity expert Laura McClellan shared valuable insights on overcoming common challenges that bookkeepers face in their daily workflow.

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Tax season 2025 so far: By the numbers

Accounting Today

With tax season underway, here are the filing statistics, updated weekly.

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How Nonprofits Can Weather the 2025 Federal Funding Freeze

Compleatable

The recent federal funding freeze has sent shockwaves through the U.S. nonprofit sector, putting crucial programs at risk and spotlighting just how vulnerable mission-driven organizations can be when their financial footing depends heavily on federal dollars. As of January 28, 2025, the White House Office of Management and Budget (OMB) ordered a temporary halt to all federal loans, grants, and financial assistance programs.

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The Hidden Risks of Relying on Proprietary Accounting Software

Accounting Department

Accounting is the backbone of any business, from managing cash flow to ensuring compliance and long-term scalability. Many business owners turn to proprietary accounting software for streamlined financial management, captivated by promises of simplicity and powerful functionality.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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The Zero Cost Accounting Client Acquisition Method w/Alyssa J. Dillon

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Alyssa J. Dillon , a fellow entrepreneur who shares her inspiring journey of starting her own business. The conversation kicks off with Alyssa recounting the pivotal moment when she decided to quit her job and explore the possibility of working for herself after receiving a side accounting request.

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Insurance Claims & Prior Authorizations Streamlined with AI & RPA

RevCycle

In the complex world of healthcare revenue cycle management, insurance claims and prior authorizations are among the most time-consuming and error-prone processes. But with the rise of Artificial Intelligence (AI) and Robotic Process Automation (RPA), healthcare providers, payers, and third-party agencies have new tools to reduce friction, improve accuracy, and speed up reimbursement.

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AICPA weighs in on proposed SECURE 2.0 regs

Accounting Today

The institute is asking the Treasury and the Internal Revenue Service for greater clarity in their proposed regulations for the SECURE 2.0 Act of 2022.

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Best Alternative to AvidXchange Ariett Before November 2025

Compleatable

As AvidXchange phases out Ariett on November 1, 2025, businesses are actively seeking robust alternatives for their purchasing and accounts payable automation needs. Compleat Software emerges as a compelling solution, offering enhanced functionalities that not only match but surpass those previously provided by Ariett. This article explores the core features of Ariett and demonstrates how Compleat Software delivers equivalent or superior capabilities, ensuring a seamless transition for businesse

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Directions NA Sessions To See

Fidesic blog

Directions North America is right around the corner and we can't wait. This year in Las Vegas, Directions North America is the only Microsoft Dynamics 365 Business Central event created by partners, for partners, in the community in North America.

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Unapplied Cash Payment Income in QuickBooks Online: Causes & How To Fix

Fit Small Business

If you’re seeing unapplied cash payment income in QuickBooks Online, it means a customer payment was recorded, but QuickBooks doesn’t recognize it as linked to an invoice. This usually happens when the payment date is earlier than the invoice date or if a payment was entered without being correctly applied. It can also occur if. The post Unapplied Cash Payment Income in QuickBooks Online: Causes & How To Fix appeared first on Fit Small Business.

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How to Use AI to Analyze Data and Draft Financial Reports in Minutes

Blake Oliver

Imagine cutting your financial reporting time from hours to minutes. In my latest Earmark Podcast episode , I dive deep with Nicolas Boucher, LinkedIn's #1 finance thought leader, who demonstrates how to leverage ChatGPT to do exactly that. Nicolas shows exactly how to: Generate instant cohort analyses and salary breakdowns Create compelling dashboards without being an Excel expert Maintain data confidentiality while implementing AI Integrate AI with existing systems like QuickBooks Build AI age

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FinCEN rule removes BOI reporting requirements for US companies

Accounting Today

The interim final rule removes the requirement under the Corporate Transparency Act for U.S. companies and people to report beneficial ownership information.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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How Technology Is Transforming US Healthcare and Hospice Care

Compleatable

In an era where healthcare is more complex and personalized than ever, the marriage between technology and medicine continues to evolve in powerful ways. One of the most notable moves in 2025 has come from the home healthcare and hospice sectors, where two major players, Medalogix and Forcura, have joined forces in a landmark merger. Together, theyre forming a company valued at nearly $1 billion, and the implications for healthcare delivery are enormous.

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B2B Customer Retention: Proven Strategies for Finance Teams to Reduce Churn and Drive Loyalty

Gaviti

In today’s competitive landscape, B2B customer retention has become a critical focus for businesses aiming for sustainable growth. Companies often overlook the roles that finance teams play in the customer relationship equation. When customers have a good relationship with the people who serve them of which finance is one of them, it fosters customer loyalty and minimizes churn.

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Self-Employed Retirement Plans: Top Options & Benefits

Fit Small Business

Choosing the right self-employed retirement plans depends on your income, business structure, and savings goals. As a self-employed individual, you have several options, each with unique benefits, such as high contribution limits, tax advantages, or flexibility. Below, we break down the key features of different retirement options for self-employed individuals to help you determine which.

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Why Startups in Singapore Need Professional Accounting Services

Counto

Why Startups in Singapore Need Professional Accounting Services Starting a business is an exciting journey filled with ideas, ambition, and a drive to succeed. But amidst product development, customer acquisition, and fundraising, many startup founders in Singapore overlook one critical element accounting services. Professional financial management isnt just for large corporations; it plays a vital role in helping startups establish strong foundations, stay compliant, and make informed decision

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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IRS gives new guidance for scam victims to deduct theft losses

Accounting Today

Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.

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The Financial Struggles of Charities and Non-Profits in 2025

Compleatable

The landscape for charities and non-profits in the UK has become increasingly challenging in 2025. Faced with declining donations, reduced corporate giving, and rising operational costs, many organisations are struggling to sustain their services. The recent workforce cuts and the discontinuation of Macmillan Cancer Supports financial hardship scheme highlight the severity of these financial pressures.

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How do I end up with tax bill at the end of the year?

Ontrack Bookkeeping

New Zealanders on salary or wages may find that once their income tax assessment has been calculated automatically, they end up having tax to pay – and suddenly it’s panic stations! (Don’t worry, this happened to me, and I did the same!). There may be a reason for it! If you get paid on a Monday, this year there are 53 weekly pay periods, as opposed to 52 weekly pay periods.

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How to File Business Bankruptcy in 2025: Step-by-Step Guide

Fit Small Business

The decision to file bankruptcy as a business owner is not an easy one to make. Filing bankruptcy is a time-consuming and expensive process, and one that can be a black mark on your credit, making it difficult to secure loans or other sources of funding in the future. However, if you truly cannot afford. The post How to File Business Bankruptcy in 2025: Step-by-Step Guide appeared first on Fit Small Business.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Accounting Services vs. In-House Accounting: What’s Best for SMEs in Singapore?

Counto

Accounting Services vs. In-House Accounting: Whats Best for SMEs in Singapore? For small business owners in Singapore, managing finances effectively is critical but deciding how to manage them can be equally important. Should you outsource to professional accounting services, or hire an in-house accountant? Each approach has its advantages, and the right choice depends on your business size, complexity, and growth plans.

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AI in advisory: Forensic accounting

Accounting Today

The first of four looks at how specific accounting firm niches are being impacted for good and ill by artificial intelligence.

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7 Best No Credit Check Business Funding Options: Success Tips for SMBs

FundThrough

Key Takeaways Many alternative lenders offer business funding without conducting a credit check, focusing instead on business revenues and cash flow, providing a viable option for businesses with poor credit. When evaluating loan options, it’s important to keep in mind that funding methods that don’t require a credit check still come with other ways to […] The post 7 Best No Credit Check Business Funding Options: Success Tips for SMBs appeared first on FundThrough.

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Payroll changes – 1 April 2025

Ontrack Bookkeeping

1st April always see’s changes for payroll. Below is a summary of the 1 April 2025 updates: ACC Earners Levy updating to 1.67 cents ACC Earner threshold updating to $152,790.00 Minimum Wage Adult Min Wage increasing to $23.50. Starting Out/Training Wage increasing to $18.80 Tax on Extra pay on Final Pay Updated method for calculating Extra Pay Tax on Termination Pays Tax Codes No change this year Student Loan thresholds No change this year ESCT ESCT Thresholds updated These updates

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.