Thu.Mar 07, 2024

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The 20 best states for shopping

Accounting Today

Four states have no state and local sales taxes, making them the most attractive places for consumers to go shopping.

Tax 351
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International Women’s Day: Celebrating small business founders and leaders

Xero

The UN theme for International Women’s Day (IWD) this year is ‘Invest in women: Accelerate progress’. The lack of investment in gender equality measures is seen to be a human rights issue by the UN, and a cornerstone for building inclusive societies. Climate change, geopolitical conflicts and the current economic system exacerbate inequality and disproportionately impact women.

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The IRS faces a major problem: Nonfilers

Accounting Today

Taxpayers who exit the tax system by not filing a required return have emerged as a growing and under-the-radar problem for the IRS.

Tax 321
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AccountingDepartment.com's 20th Year is Here!

Accounting Department

Two decades ago, a brilliant CPA joined forces with a daring sales expert, united in their mission to revolutionize how entrepreneurs approached their accounting needs—and thus, AccountingDepartment.com came into existence. While that may be the condensed version passed down in company lore, the reality is far more captivating and undoubtedly inspiring.

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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.

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Time to weigh in on the pipeline problem

Accounting Today

The National Pipeline Advisory Group is collecting responses from college students and accounting professionals to better address the talent shortage.

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Chris Panek on Exclusive Opportunities & Resources for Accountants and Professionals

Insightful Accountant

In this episode, Chris Panek, dive into some exciting opportunities and resources that she offers but might have missed mentioning during the podcast.

More Trending

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Managing Real Estate Assets: 5 Best Practices in Accounting and Reporting

Outsourced Bookeeping

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively. According to industry experts, following the best practices of accounting and reporting practices not only contributes to strategic decision-making but also protects the financial health of your re

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Curaleaf considers protesting a US tax by not paying it

Accounting Today

There are talks of protesting a key piece of tax law that prevents marijuana companies from deducting expenses like other companies do.

Tax 297
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AWS EBS Pricing and 5 Cost Optimization Strategies

Economize

What is AWS EBS? Amazon Elastic Block Store (AWS EBS) is a scalable block storage solution provided by AWS. Amazon EBS plays a crucial role in providing persistent block-level storage for EC2 instances. While EC2 provides ephemeral storage, AWS EBS volumes provide an independent and persistent storage option.

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Billionaire, corporate tax hikes will be focus of Biden State of the Union

Accounting Today

President Joe Biden will propose increasing the minimum tax rates paid by major U.S. and multinational corporations to 21% and eliminating breaks for companies with high-paid executives in his election-year State of the Union address on Thursday night.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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How Do You Create Projects in QuickBooks Online?

Reconciled Solutions

Do you need to track income and costs related to projects? It's easy to create projects in QuickBooks Online and track profitability. The post How Do You Create Projects in QuickBooks Online? appeared first on Reconciled Solutions.

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Companies with fastest accounting closes avoid anchors

Accounting Today

Controllers use many different tactics to speed up the close, but most of them find it challenging to shorten their close to fewer than seven days.

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Do I Need to Do Back Work, or Just Back Taxes?

CSI Accounting & Payroll

So, you’re the owner of a small business that has fallen a little behind, and your taxes didn’t get filed. We all know this can be a pretty big deal, especially if you didn’t get an extension, but what can you do about it? You’ll have to go back and get your taxes filed. However, if you’re not very far behind, will you have to adjust some months in your books as well?

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CBIZ buys tech solutions provider CompuData

Accounting Today

The Top 25 Firm has acquired a technology solutions provider in Pennsylvania.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Managing Real Estate Assets: Best Practices in Accounting and Reporting

Outsourced Bookeeping

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively. According to industry experts, following the best practices of accounting and reporting practices not only contributes to strategic decision-making but also protects the financial health of your re

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New York partners with IRS on free tax prep

Accounting Today

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

Tax 189
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Top 10 Subscription Management Tools of 2024

Invoicera

Summary This blog post will explore the top subscription billing software for managing recurring payments in 2024. It will discuss the key features, benefits, pricing, and user reviews of 12 popular platforms in the market, helping businesses make better financial decisions. Also, learn the factors you should consider when choosing a platform for recurring payments.

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COSO prioritizes corporate governance framework

Accounting Today

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is working with the National Association of Corporate Directors on developing a corporate governance framework.

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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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Intuit QuickBooks Partnerships Help Fuel Small Business Growth and Prosperity

Insightful Accountant

Intuit recently announced two partnerships aimed at small business success and prosperity. This includes an Allstate Health Solutions partnership, and a new initiative with leading accounting, consulting, and technology firm Crowe LLP.

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Brace for impact: What auditors can learn from the airline industry

Accounting Today

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

Auditing 189
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App Developers - Take a Look at First Look Fridays

Insightful Accountant

Insightful Accountant has now automated the collection of our First Look, App Aware and Advisor Alliance articles that feature content on Apps, Software and Partner Program. Just fill out the appropriate online surveys to submit.

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Chicago mayor's 'mansion tax' back on ballot after court ruling

Accounting Today

The additional tax revenue raised would go toward services for the city's homeless population.

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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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Launching a CFO Advisory Firm, Ditching Digital Marketing, and Growth w/ Fred Tate

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello interviews Fred Tate , the Managing Director of CFO Shield. Fred discusses how CFO Shield takes a consultative approach to create tailored solutions for clients, offering fractional CFO services along with bookkeeping and payroll support. Fred also emphasizes the importance of understanding and meeting individual client needs, showcasing the unique approach of the firm.

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Migrating From QuickBooks to Sage Intacct

MineralTree

Optimizing your AP process QuickBooks is the obvious first choice for many small businesses seeking an accounting software solution. This ERP is easy-to-use and can help businesses fulfill many of their basic needs. While the platform continues to serve small and mid-sized businesses (SMBs), growing organizations often require a more robust solution.

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Building an Implementation Approach: Key Considerations for Successful Digital Transformation

oAppsNet

Embarking on a journey of digital transformation is a strategic imperative for organizations looking to enhance competitiveness, drive innovation, and adapt to evolving market dynamics. However, the success of digital transformation initiatives hinges on the effectiveness of organizations’ implementation approaches. A robust implementation approach requires careful planning, stakeholder alignment, and a clear understanding of organizational objectives and priorities.

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Asset retirement obligation definition

Accounting Tools

What is an Asset Retirement Obligation? An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. The liability is commonly a legal requirement to return a site to its previous condition. ARO obligations are more commonly found when there are likely to be significant cleanup costs once an asset is no longer being used.

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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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Estimated cost definition

Accounting Tools

What is Estimated Cost? Estimated cost is the projection of the amount of costs that will be incurred to build a product or construct something. This amount is derived as part of the capital budgeting process for an internal project, or as part of a sales bid when attempting to sell to a customer. The party issuing an estimated cost may be held to the amount of the projection under the terms of a fixed price contract.

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Equalization reserve definition

Accounting Tools

What is an Equalization Reserve? An equalization reserve is a cash fund maintained by an insurer , which is only to be accessed in the event of an unexpected claims loss. This reserve is needed for losses from such events as hurricanes, flooding, fires, hail storms, and tornadoes. It is especially important to maintain such a reserve when an insurer is insuring a large number of properties within a specific geographic area, since an unexpected loss event in that area could cause substantial loss

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