Wed.Feb 19, 2025

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

Accounting Department

Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.

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Court lifts injunction on Corporate Transparency Act

Accounting Today

A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.

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Bill Payment Fraud: How to Protect Your Business from Scams and Unauthorised Transactions

Counto

Bill Payment Fraud: How to Protect Your Business from Scams and Unauthorised Transactions Bill payment fraud is a growing threat to small businesses in Singapore. Scammers are becoming more sophisticated, using phishing emails, fake invoices, and unauthorised transactions to exploit vulnerabilities in payment processes. If not addressed, fraudulent activities can lead to significant financial losses, operational disruptions, and reputational damage.

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Taxpayers can get disaster tax relief through personal casualty loss deductions

Accounting Today

The pace of natural disasters seems to be accelerating with climate change, prompting taxpayers and preparers to search for ways to deduct catastrophic losses.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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How Bill Payments Impact Business Credit Scores: A Guide for SMEs

Counto

How Bill Payments Impact Business Credit Scores: A Guide for SMEs For small businesses in Singapore, maintaining a strong business credit score is essential. This score determines your ability to secure financing, negotiate favourable payment terms, and build credibility with suppliers. One of the most significant factors influencing your credit score?

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Andersen revives Andersen Consulting

Accounting Today

Andersen Consulting has returned as a consulting practice affiliated with the global network that was rebuilt after the collapse of the former Arthur Andersen.

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AI trust gap between leaders and staff narrows but remains a factor

Accounting Today

AI enthusiasm continues to build at accounting firms, but there remains a gap between how excited leaders are about the technology and how staff and individual contributors feel.

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Top 7 Free Expense Tracking Software to Manage Finances with Ease

Invoicera

Manually processing expense reports isn’t just time-consumingits expensive. Research by GBTA reveals that manual expense report processing brings total expenses to $58 per report, while every fifth wrong report requires $52 to correct. These inefficiencies multiply into substantial drains of time and resources. Small business management depends heavily on financial tracking, yet traditional monitoring creates problems with both budgeting and financial control.

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How a once-hot accounting fintech's bet on AI led to bankruptcy

Accounting Today

Bench Accounting, like many fintech startups, had ambitions to shake up a boring but important corner of finance, in this case, bookkeeping for small businesses.

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The 60-Day AP Automation Challenge: How to Go from Chaos to Control

Ascend Software blog

If your finance team is overwhelmed with invoices, constantly chasing approvals, and dealing with late payments, youre not alone. According to Ardent Partners State of ePayables Report, nearly 60% of businesses still rely on manual AP processes, leading to unnecessary delays, missed discounts, and compliance risks.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Accounting careers in the wide world of sports

Accounting Today

The intersection of sports and accounting offers accounting professionals a unique and dynamic environment.

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Tax Practitioners Face New Landscape as IRS Cuts Staff, Intensifies EITC Reviews

Insightful Accountant

Tax practitioners are bracing for significant operational changes at the IRS as the agency prepares for both staffing reductions and increased enforcement focus during the current filing season.

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CalCPA launches promotional campaign

Accounting Today

The California Society of CPAs launched a promotional campaign to highlight the value and role of CPAs and to attract others into the profession.

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App Aware: Netgain Shared Transactions for NetSuite

Insightful Accountant

Whoever said that Insightful Accountant's 'App Aware' feature had to be limited to QuickBooks Apps? Not me! Now you can 'audit-proof' your intercompany accounting with Netgain's new Shared Transactions solution for NetSuite.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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In the blogs: Painful choices

Accounting Today

Hegseth's IRS notice; CPA exam questions; spotting cyberattacks; and other highlights from our favorite tax bloggers.

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Content Marketing for Your Accounting Firm: Should You?

Future Firm

Are you considering content marketing to help your firm get more clients? Learn from my experience and insights to help you decide. The post Content Marketing for Your Accounting Firm: Should You? appeared first on Future Firm.

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Bessent says DOGE effort has saved estimated $50B so far

Accounting Today

The Treasury Secretary said one person at the Internal Revenue Service "is looking at an outdated IT system, that's all they're doing.

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Top 14 FinOps KPIs and How to Maximize Them

finout

FinOps, short for Financial Operations, is a cloud financial management discipline to optimize cloud spending while maximizing business value.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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IRS Tax Late Filing

Black Ink Tax & Accounting

Table of Contents Understanding Taxes Late Paid and Penalty: IRS Tax late filings, Tax Deadline, failure to file, penalty, and […] The post IRS Tax Late Filing appeared first on bitaccounting.

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DOGE says it's saved $55B; data show much less

Accounting Today

The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

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Trump tightens grip on regulators in latest order

Accounting Today

The order, which applies to agencies including the SEC and the FTC, calls for them to submit draft regulations for White House review before publication.