Mon.Dec 11, 2023

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IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

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5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

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The future of the trusted advisor: Challenges and opportunities

Accounting Today

As the accounting profession enters a period of unprecedented change, the AICPA's Barry Melancon highlights the upsides and downsides.

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5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

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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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Poor pay and career opportunities, lack of respect prompt finance employees to quit

Accounting Today

What are the main factors driving finance employees to leave their jobs?

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Healthcare Document Management: A Complete Guide

Nanonets

Healthcare document management systems play a crucial role in the modern healthcare landscape by streamlining and enhancing the management of patient records, administrative documents, and medical data. These systems provide a centralized and secure platform for storing, organizing, and accessing a vast array of healthcare-related information. What is Healthcare Document Management?

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How to Use Strategic Content to Establish Niche Authority?

Invoicera

Establishing a robust online presence is not merely a desirable option but a requirement. One persistent challenge most companies face, especially startups, is breaking through the saturated market and setting themselves up as an authority in their niche. Being a mere part of the crowd won’t help you create a memorable brand that people trust, […] The post How to Use Strategic Content to Establish Niche Authority?

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IFAC to revise education standards for sustainability

Accounting Today

The International Federation of Accountants' planned revisions will include some new and revised learning outcomes to meet the demands for sustainability reporting and assurance.

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QuickBooks Hosting – What are the System Requirements?

Ace Cloud Hosting

Accessing QuickBooks Desktop on the cloud is necessary in current financial scenarios. QuickBooks is a powerful tool most CPAs and Accountants in the States use. Numerous methods can be used.

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Art of Accounting: Problems after selling your practice

Accounting Today

Sellers cannot protect themselves from a buyer's bankruptcy or if the buyer just stops making payments.

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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 AI data entry brings relief and efficiency

Nanonets

It's a scene all too common around tax season — the accounting team huddled in a room, heads down, manually entering data from stacks of invoices and receipts into spreadsheets. Wouldn't it be nice if their talent is spent on meaningful work that moves the needle? Unfortunately, it is not just isolated to accounting. A Zapier survey showed that  76%  of employees spend up to 3 hours daily on data entry.

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What is AI, anyway?

Accounting Today

Not everyone agrees on a single definition, so Accounting Today asked a number of experts to share their idea of what, exactly, artificial intelligence is.

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Finding the Best Invoice Processing Software in 2024

Nanonets

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days. If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential

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Ex-Monte Paschi CEO Viola cleared in false accounting trial

Accounting Today

Three years ago, Viola and Profumo were convicted of improperly booking the Santorini and Alexandria transactions as repurchase agreements instead of derivatives.

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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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Dext Precision: Feature Updates to Improve Your Experience

Dext

At Dext Precision, we’re committed to evolving our product in ways that make a real difference to your everyday work. Our latest update isn’t just a facelift—it’s a thoughtful restructuring of our Information Architecture (IA), intended to streamline your experience and align it more closely with how your workflows function in real life.

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Understanding VAT On Food In The Food Industry

Invoicera

Are you curious how those confusing numbers on food bills relate to taxes? Understanding VAT (Value Added Tax) for food can be like cracking a secret code in the food world – it’s puzzling for most people, including those in the food business. Nowadays, VAT has a significant impact, affecting menu prices and how much profit is made. Did you know that VAT rates for food can be different from one country to another?

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A Complete Guide for Lead Scoring

Nanonets

Introduction Lead scoring is an essential methodology in the realm of B2B sales and marketing. At its core, it involves assigning a numerical score to each lead, typically on a scale from 1 to 100, to gauge their likelihood of making a purchase. This process is a strategic approach to understand the potential of every lead that comes into the sales funnel.

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Hunter Biden legal woes flare

Accounting Today

The latest indictment against the president's son accuses him of avoiding taxes while living lavishly, including withdrawing $1.66 million in cash over a four-year period.

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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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Trump paid expert witness $877,500 for work in fraud trial

Accounting Today

Bartov, under questioning by one of Trump's lawyers, said that he "did not find any evidence of material misstatement" in the former president's financial statements and "no evidence whatsoever for any accounting fraud.