Tue.Jul 09, 2024

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Rich people freeze themselves, and fortunes, for future revival

Accounting Today

Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.

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Mastering Your Cash Flow Analysis for Financial Success

Accounting Department

Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.

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The brightest lights in reselling: The 2024 VAR 100

Accounting Today

The firms in this year's VAR 100 see clients focusing ever-more strongly on the cloud — even as they suffer from 'change fatigue.

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The 2025 U.S. ProAdvisor Awards Are Now Open

Insightful Accountant

Insightful Accountant has launched the 2025 U.S. ProAdvisor Awards. ProAdvisors from the U.S. may apply, but we also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Enhancing equity in tax audits

Accounting Today

While the IRS and the Treasury have committed to tax administration equity, the Government Accountability Office recently found potential unintended biases in some of the systems and methods used by the IRS for audit selection — meaning some populations may be getting selected for audits at a higher rate than others.

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Segregation of duties definition

Accounting Tools

What is Segregation of Duties? The segregation of duties is the assignment of various steps in a process to different people. The intent behind doing so is to eliminate instances in which someone could engage in theft or other fraudulent activities by having an excessive amount of control over a process. In essence, the physical custody of an asset , the record keeping for it, and the authorization to acquire or dispose of the asset should be split among different people.

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50 ChatGPT Prompts for CPAs and Accountants

Ace Cloud Hosting

In today’s fast-changing financial environment, accountants and CPAs are constantly seeking ways to improve efficiency, enhance client relationships, and stay ahead of regulatory changes. According to myCPE, 49% of accounting.

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Citrin Cooperman acquires S&G

Accounting Today

The Top 25 Firm in New York has added an assurance, tax and advisory firm in Worcester, Massachusetts, the latest in a series of acquisitions since it received private equity funding.

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The Benefits Of Outsourcing Accounts Receivable Services For Tree Service Companies

Outsourced Bookeeping

Have you ever wondered how your tree service company could benefit from outsourcing its accounting services for tree services ? Accounts receivables and accounts payables are very important in managing any business and most often they need a lot of time and expertise to be managed. The day-to-day operations of tree service companies involve core activities such as customer relations and field operations.

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12 states that rely the most on income taxes

Accounting Today

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

Tax 257
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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QuickBooks Cloud Accounting: Budgeting Considerations for Cloud Success

Ace Cloud Hosting

Welcome to the final part of our series blog – ‘Budgeting Consideration for Cloud Success.’ Our previous edition explored “Prioritizing Security in Cloud-Based Accounting.” Ending the series on a high.

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Supreme Court continues to limit gov't agencies

Accounting Today

A ruling in the Corner Post case that makes it easier to sue over government regulations will cause 'chaos,' says one expert.

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Sage 50 Desktop vs Sage 50 Cloud – What’s the Difference?

Ace Cloud Hosting

When choosing between Sage 50 Desktop and Sage 50 Cloud, it’s crucial to understand the key differences that can impact your business operations. Sage 50 Desktop offers robust, on-premises accounting.

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Rehmann merges in Walker, Fluke & Sheldon

Accounting Today

The Top 50 Firm is expanding in Western Michigan.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Which States Require Unused PTO Payouts? Rollovers, Terminations, & Employees Who Quit

CSI Accounting & Payroll

Leftover PTO or black holes: which do humans know more about? It’s hard to say! As a small business owner, you know how important it is to follow the rules. With something as delicate as paid time off (PTO), how do you make sure you stay in compliance? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years. We know more about PTO than most people do!

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In the blogs: All the news that fits

Accounting Today

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

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Halt High Accounting Firm Turnover | Accounting Talent Podcast

accountingfly

“Turnover is a wildfire that spreads rapidly, leaving firms overworked and in a spiral of death.” Are Your Top Talents Leaving in Droves? Is Turnover Burning Down Your Accounting Firm? In the latest Accounting Talent podcast episode , Rob Brown and Jeff Phillips tackle the critical issue of how to reduce accounting firm turnover rates worldwide. They delve into the root causes of this exodus and offer practical solutions to stem the tide.

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How Automation Can Be Applied to ESG Reporting

oAppsNet

In the landscape of corporate sustainability, the role of automation is becoming increasingly critical, especially in ESG (Environmental, Social, Governance) reporting. Automation in ESG reporting refers to the use of technology to streamline, standardize, and enhance the processes of collecting, analyzing, and reporting data. This technology-driven approach not only simplifies complex data management tasks but also increases accuracy and efficiency.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Be Insightful Program Goes Live July 15

Insightful Accountant

Insightful Accountant's Be Insightful membership program kicks off July 15 with the first event scheduled for July 18, followed by the 23rd and 30. Join now to get the most out of the program. Join by July 30 for the best rate.

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7 Ways to Reduce AWS S3 Spend | Finout

finout

Amazon S3 (Simple Storage Service) is the first service launched by AWS. In its 15 years of existence, S3 has changed how businesses worldwide store and access data, effectively kicking off cloud computing and revolutionizing AWS S3 storage costs.

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What You Missed at RightNOW

Insightful Accountant

Rightworks is re-branding this year in a big way. If you missed out on the RightNOW conference last month, be sure to mark your calendars for 2025.

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Recommendations For AWS RDS Cost Reduction

finout

AWS can be a significant investment, and tools like Finout are instrumental in tracking cloud spending. A common discovery for many users is that Amazon RDS often constitutes a substantial portion of their monthly AWS bill.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Death, Taxes, and AI

Cloud Accounting Podcast

Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. They criticize the current theoretical approach to accounting education, advocating for more practical, hands-on learning experiences.

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2025 International ProAdvisor Awards Open Today

Insightful Accountant

Insightful Accountant wants to welcome ProAdvisors from around the globe to participate in the 2025 International ProAdvisor Awards. We also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Safety stock definition

Accounting Tools

What is Safety Stock? Safety stock is excess inventory that acts as a buffer between forecasted and actual demand levels. This inventory is maintained so that a company has sufficient units on hand to meet unexpected customer and production demand. Safety stock does not just involve finished goods ; it can also be applied to raw materials , to guard against delays in the delivery of materials from suppliers.

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Thomson Reuters Releases Future of Professionals Report

Insightful Accountant

Thomson Reuters has just released its Future of Professionals report, showing that knowledge workers are optimistic about significant productivity boosts, with AI poised to redefine workflows, drive innovation, and unlock new opportunities.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Building a Strong Financial Foundation: Best Practices for Bookkeeping Firms

The Successful Bookkeeper

Learn best practices to ensure your bookkeeping business is a profitable one!