Wed.Jan 15, 2025

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Is it time to start your own firm?

Accounting Today

Whether you should hang out your shingle as an accountant depends on the answers to a number of questions.

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Lessons from the Bench Shutdown: How to Safeguard Your Business’s Financial Data

Accounting Department

When an accounting service provider unexpectedly closes, businesses may find themselves in a rush to retrieve their financial data and maintain operations. The recent closure of a major accounting platform highlights the essential need for businesses to protect their financial information proactively.

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SEC chief accountant to retire

Accounting Today

The Securities and Exchange Commission's chief accountant, Paul Munter, plans to retire from federal service this month.

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Mastering Cash Flow Management: Essential Accounting Tips

Nolan Accounting Center

Cash flow is frequently described as the lifeblood of business, and positive cash flow is critical to the success of every business. Cash flow management is an especially vital practice for every small business owner. As Nick Chandi, ForwardAI CEO, stated, The more a business owner knows about their cash flow, the more empowered they become. Author Robert Kiyosaki added, Making more money will not solve your problems if cash flow management is your problem.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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IRS proposes regs for corporate splits, reorgs

Accounting Today

The IRS and the Treasury Department issued proposed regs and reporting requirements for multi-year corporate separations and a draft form.

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Building Stronger Supplier Relationships Through Timely Payments

Counto

Building Stronger Supplier Relationships Through Timely Payments For small businesses in Singapore, strong supplier relationships are essential. Suppliers provide the goods and services that allow your business to operate smoothly. One of the simplest yet most effective ways to nurture these relationships is by ensuring t imely payments. A well-organised billpay service can streamline your payment processes, helping you meet deadlines and maintain trust.

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Navigating the Latest Changes in Singapore’s Company Incorporation Laws for 2025

Counto

Navigating the Latest Changes in Singapore’s Company Incorporation Laws for 2025 As we approach 2025, entrepreneurs and small business owners in Singapore must stay informed about regulatory changes that could impact their company incorporation process. The legal landscape is continually evolving, and understanding these updates can help business owners avoid compliance pitfalls and ensure their businesses are set up for long-term success.

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QB on Amazon, and other tech stories you may have missed

Accounting Today

1-800Accountant and LegalZoom teamed up, accounts payable's AI-empowered glow-up, and other tech developments from the past month.

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The Questionable Certification Behind IRS Commissioner Nominee Billy Long

Blake Oliver

$4,997 for a three-day seminar - that's all it takes to become a " Certified Tax and Business Advisor " like IRS Commissioner Nominee Billy Long. As we discussed on The Accounting Podcast , this credential comes from a company called Excel Empire. The certification's promotional video isn't even aimed at tax professionalsit's marketed to insurance agents looking to "differentiate themselves from over 1 million other United States insurance agents.

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IESBA plans standards for firm culture, governance

Accounting Today

The International Ethics Standards Board for Accountants plans a standard-setting project on accounting firm culture and governance in response to a new report.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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The Future of BillPay Payment Security in Singapore 

Counto

The Future of BillPay Payment Security in Singapore As Singapore’s digital economy expands, SME owners face increasing challenges in securing their billpay processes. Recent data from the Cyber Security Agency of Singapore (CSA) highlights the growing sophistication of payment-related cybercrimes, making robust security measures not just advantageous but essential for business continuity.

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Tax automation tools top firms' wishlists

Accounting Today

A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.

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Leveraging Subscription Models: A Smart Strategy for Small Business Growth

Counto

Leveraging Subscription Models: A Smart Strategy for Small Business Growth In recent years, subscription-based business models have gained traction across various industries. These models provide businesses with a way to generate predictable, recurring revenue, improve customer retention, and foster long-term relationships. For small businesses in Singapore, adopting a subscription model, along with a streamlined company incorporation process, could unlock numerous growth opportunities.

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AICPA updates digital assets practice aid

Accounting Today

The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Work Smarter This Tax Season: Strategies for Remote Accounting Success

accountingfly

For tax accountants, January marks the start of the busiest and most critical time of the year: tax season. Traditionally, this has meant long hours at the office, in-person client meetings, and a flurry of paper files and spreadsheets. But as the accounting profession evolves, so does the way tax season is managed. One of the most significant shifts?

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AI implementation at firms grows 34% in a year

Accounting Today

A recent survey from Wolters Kluwer found that implementation of AI search and productivity tools at firms went from 1% in 2023 to 35% in 2024.

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Atlas Salt spices up Project Management with Oracle Solutions

Insightful Accountant

North American mineral development company "Atlas Salt" has taken their project, information management and financial efficiency to the next level with Oracle Primavera Cloud, Aconex, and NetSuite.

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IRS Advisory Council names 18 new members

Accounting Today

The newly appointed council members will serve three-year terms.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Input Needed: ProAdvisor 'Inventory/Manufacturing' App Survey

Insightful Accountant

Insightful Accountant needs your help updating ProAdvisor preferences for Inventory/Manufacturing Apps working with QuickBooks. Please answer this short survey.

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Navigating the accounting technology landscape in 2025

Accounting Today

The accounting profession is on the brink of a significant evolution, driven by technological innovation, regulatory shifts and demands for transparency.

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How to Intuit Enterprise Suite: Dimensionalization

Insightful Accountant

Murph takes you through the steps to 'Dimensionalize' your accounting using Intuit Enterprise Suite.

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FTC says CVS, Cigna and UnitedHealth abuse middleman role

Accounting Today

The companies brought in more than $7.3 billion in "excess" revenue over six years, the Federal Trade Commission said in a report on the drug middlemen.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Key Changes Coming to Circular 230: What Tax Preparers Need to Know

Insightful Accountant

The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. Here's what you need to know.

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Developing a growth mindset culture

Accounting Today

These nine steps can help you transform your firm's culture by starting with small, intentional changes that challenge fixed thinking patterns.

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5 Steps to Delegate More at Your Firm

Future Firm

Learn how to delegate the right way so you can hand off tasks you dont enjoy, free up your time, and focus on what matters most. The post 5 Steps to Delegate More at Your Firm appeared first on Future Firm.

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Why Accuracy and Timeliness Matter in Payroll

Counto

Why Accuracy and Timeliness Matter in Payroll For small businesses in Singapore, managing payroll effectively is critical to ensuring smooth operations and maintaining a satisfied workforce. Payroll processing isn’t just about paying employees on time; its also about ensuring that all payments are accurate and compliant with regulations. Effective payroll management, as part of your broader accounting services , is key to achieving this.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Project Management for Accountants: The Complete Guide

Future Firm

Discover the top project management tools for accountants and what makes each one stand out. We also included project management pro tips. The post Project Management for Accountants: The Complete Guide appeared first on Future Firm.

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ACRA Revokes Registration of Filing Agent and Qualified Individual for AML/CFT Non-Compliance

Counto

ACRA Revokes Registration of Filing Agent and Qualified Individual for AML/CFT Non-Compliance The Accounting and Corporate Regulatory Authority (ACRA) has recently revoked the registration of a Filing Agent and a Qualified Individual (QI) for failing to comply with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations.

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Dark Horse CPAs is Reinventing the Accounting Firm Model

Blake Oliver

The model for ownership in accounting firms is undergoing a transformation. Firms that offer alternatives to the standard partner track see dramatically better retention and employee satisfaction. Dark Horse CPAs has created a solution - their Principal Accelerator Program lets CPAs build their own book of business without the usual sacrifices. Their principals typically earn 40-50% of revenue versus the industry standard 33%.

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Green Business Practices: How SMEs in Singapore Can Drive Sustainability and Profitability

Counto

Green Business Practices: How SMEs in Singapore Can Drive Sustainability and Profitability As sustainability becomes an ever more pressing issue globally, businesses of all sizes are recognising the importance of adopting environmentally friendly practices. Small and medium-sized enterprises (SMEs) in Singapore are no exception. From company incorporation to daily operations, adopting green practices is crucial.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.