Mon.Jun 03, 2024

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2 methods to avoid capital gains in a home sale

Accounting Today

The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.

Tax 302
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FinOps and Sustainability Teams Collaborate to Optimize Carbon

FinOps Foundation

Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.

FinOps 130
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The 20 most charitable states in America

Accounting Today

Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.

Tax 317
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FinOps and Carbon Optimization: Two Sides of the Same Coin

FinOps Foundation

Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.

FinOps 130
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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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GASB finds pension standards met objectives

Accounting Today

The Governmental Accounting Standards Board released a post-implementation review report on its pension standards and found they mostly accomplished their goals.

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FinOps and ESG Teams Collaborate to Optimize Carbon

FinOps Foundation

Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.

FinOps 100

More Trending

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Jun 3, Index of Common Bookkeeping Entries

Bookkeeping Essentials

Index of basic bookkeeping entries and accounting journal entries. for the business owner working from home who does their own books.

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Practice Profile: Rehmann assembles a team to take on the future

Accounting Today

Stacie Kwaiser is setting the direction of the Top 100 Firm based on her own vision — and the collective ideas of the firm

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The Complete FinOps 101 Guide to Cloud Cost Optimization

Economize

The Need for Cloud FinOps In the modern cloud-driven business landscape, companies increasingly rely on various cloud setups, including multi-cloud environments, legacy systems, hybrid clouds, and different cloud providers with diverse services and pricing models. This diversity, while offering flexibility and scalability, can lead to chaotic and unorganized cloud resource management.

FinOps 59
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New chief taxpayer experience officer named at IRS

Accounting Today

Agency veteran Fumino Tamaki and her staff will work with other IRS units to apply customer service best practices.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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Jun 3, Common Bookkeeping Entries - Journal Entry Examples

Bookkeeping Essentials

How to record some common bookkeeping entries requiring special treatment with examples for the home based business owner doing their own bookkeeping.

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Art of Accounting: Building wealth

Accounting Today

CPAs do very good jobs helping clients build wealth, but many do not do so good with themselves. Here are some tips to help you grow your wealth.

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Total current assets definition

Accounting Tools

Total current assets is the aggregate amount of all cash , receivables , prepaid expenses , and inventory on an organization's balance sheet. These assets are classified as current assets if there is an expectation that they will be converted into cash within one year. A sample presentation of total current assets in a balance sheet appears in the following exhibit.

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Autodesk CFO replaced by board after accounting investigation

Accounting Today

The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Why Cloud Cost Management, 5 Tools to Know, and Tips for Success

finout

What Is Cloud Cost Management? Cloud cost management involves monitoring and managing the costs associated with cloud computing. As organizations increasingly rely on cloud services for their IT infrastructure and business applications, controlling spending becomes a critical concern. Effective cloud cost management improves the efficiency of cloud investments, and can ultimately impact an organization’s bottom line.

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Forvis and Mazars combine on global network

Accounting Today

The global accounting network will have a combined $5 billion in revenue, 40,000 employees and nearly 1,800 partners in 103 different countries.

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T2200 Form and Guidelines – Declaration of Conditions of Employment

Billah and Associates

Work-From-Home Expenses: A Guide to the T2200 Form in Canada For many Canadians, working from home has become the new normal. While this flexibility offers numerous benefits, it can also lead to additional expenses like increased electricity bills, internet costs, and wear and tear on your home office furniture. Thankfully, the Canada Revenue Agency (CRA) allows eligible employees to claim a portion of these work-related expenses to reduce their taxable income.

Tax 52
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Taking her firm forward

Accounting Today

Laura Sprouse, the new CEO of Top 100 Firm Brown Edwards, shares her path to leadership, and where she's taking her firm in the future.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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QuickBooks Recertification Training For June, 2024

Insightful Accountant

It's time for most QuickBooks Online ProAdvisors ('Core' or 'Advanced') to Recertify. June 30, 2024 is the deadline for Recertification Exam completion.

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M&A roundup: CLA, Marcum, Doeren Mayhew, Rea expand

Accounting Today

Former Baker Tilly member firms in Mexico joined CliftonLarsonAllen Global to create CLA Mexico; Marcum Technology acquired CLA's IT Enhanced Managed Services Division; Doeren Mayhew acquired Nearman, Maynard, Vallez CPAs; and Rea & Associates merged in Koontz & Parkin, CPAs.

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Jun 3, Preparing A Financial Plan is Essential for the Home Based Business

Bookkeeping Essentials

Preparing a financial plan is essential for a small home based business. Without a plan, how do you know where you are going … and when you get there?

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MicroStrategy and its co-founder Saylor will pay $40M to settle DC tax fraud lawsuit

Accounting Today

The Washington, D.C., attorney general's office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes.

Tax 138
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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

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Building a Modern CPA Firm: A Revolutionary Approach with Alan Whitman

Earmark Accounting Podcast

Kick-start a new era in accountancy with Alan Whitman, the former CEO of Baker Tilly US. Using his invaluable experience as a CEO for nearly 8 years, Alan will share novel insights on transforming traditional CPA firms into modern, sustainable, and innovative powerhouses. This session delves into people development, strategic growth, service models, and methods for breaking from long-standing conventions that hinder progression.

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Boomer's Blueprint: With AI, it's not the tool that determines your success

Accounting Today

Making the most of artificial intelligence requires leadership, project management and process management.

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ShareFile Introduces New Accounting Functionalities

Insightful Accountant

ShareFile recently introduced several new features tailored to the evolving needs of accounting professionals.

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The role of AI in data extraction and document processing

Nanonets

Data is the lifeblood of many businesses today. But what use is data if it's locked away in unstructured formats like emails, PDFs, and invoices? This is where Artificial Intelligence (AI) steps in, revolutionizing how we extract information and unlock the true potential of our data. Traditionally, data extraction was a manual, time-consuming process.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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Proration definition

Accounting Tools

What is Proration? Generally, proration is the process of dividing up something in a proportional manner, such as the expenses among tenants that relate to common area expenses. Several variations on the concept are noted below. Proration in Overhead Cost Allocations Proration can refer to the allocation of under- or over-allocated overhead costs among the work-in-process , finished goods , and cost of goods sold accounts at the end of an accounting period.

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Jun 3, Just Starting Your Own Business?

Bookkeeping Essentials

When you are just starting your own business, the number of decisions to be made can be overwhelming. Your accounting system is just one of them.

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Total labor cost definition

Accounting Tools

What is Total Labor Cost? Total labor cost is the aggregate cost of the hours worked by all employees , plus all related payroll taxes and benefits. This amount is used in the budgeting of financial results for a business. Total labor cost is comprised of a number of line items, which include the following: Direct labor cost. This is the wages paid to production employees, including their overtime hours worked.

Payroll 40
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Acumatica Expense Management

Tipalti

Acumatica expense management can help businesses shorten expense cycles, more accurately input and track key data, and streamline project expenses.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!