Wed.May 01, 2024

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Biden poised to finalize new electric vehicle tax credit rules

Accounting Today

The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday as the Biden administration races to complete regulations ahead of the November election.

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Measuring the Success of Your DE&I Strategy

Insightful Accountant

MassCPA's report highlights DE&I disparities in accounting. 80% of leaders are white, 60% male. Perception gap: 68% of leaders vs. 36% of employees feel empowered. 1 in 10 left due to lack of inclusion measures. Read more about it!

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AI and accounting: What's next?

Accounting Today

After the recent transformative changes in artificial intelligence, tax and accounting has been frequently cited as one of the most immediate areas for disruption.

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Tax Technology Outlook for 2024

Insightful Accountant

In 2024, tax tech is evolving rapidly with AI, data analytics, and blockchain. Tax pros need to adapt to these innovations for effective use.

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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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M&A roundup: EY, CLA, Wipfli and Avantax expand

Accounting Today

Ernst & Young acquired Nuvalence; CliftonLarsonAllen bought Ronald Blue; Wipfli added Harbour Results; and Avantax acquires wealth management business from Integrated Tax & Wealth Strategies.

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QuickBooks and Mailchimp Recognize Small Business Success Month

Insightful Accountant

Intuit will feature a series of activities to recognize small businesses and entrepreneurs' success as part of Small Business Success Month.

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Annual Recurring Revenue: Your Comprehensive Guide

Billing Platform

Annual recurring revenue (ARR) refers to the normalized annual revenue that a company expects to receive from its subscribers in return for products and services provided. In other words, it’s the predictable and recurring revenue generated by customers within a one-year period. Annual recurring revenue is not only the annualized version of monthly recurring revenue (MRR), it also represents how much recurring revenue the business can expect based on yearly subscriptions.

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Nominations open for Women Who Count Awards

Accounting Today

The deadline for nominations is Aug. 1, and winners will be announced at the Accounting & Financial Women's Alliance's annual Women Who Count conference.

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Small Business Success Month Survey Findings

Insightful Accountant

Intuit QuickBooks has issued their findings from a recent Small Business Success Month Survey. Accountants, Bookkeepers and ProAdvisors can be proud of how much emphasis SB owners place on their relationship with you.

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'Bitcoin Jesus' charged with evading almost $50M in taxes

Accounting Today

Roger Ver, an early crypto investor who was sometimes referred to as Bitcoin Jesus, has been charged with mail fraud, tax evasion and filing false returns.

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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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Perfection Doesn’t Scale

Future Firm

Perfectionism is a common pitfall for accountants, but it stunts business growth. In this episode, I'll share practical tips to overcome it. The post Perfection Doesn’t Scale appeared first on Future Firm.

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Grants open for tax help for the poor and underserved

Accounting Today

The IRS is taking applications for funds for its Tax Counseling for the Elderly and VITA programs.

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EntrePass in Singapore: Gateway for Global Innovators and Entrepreneurs

Counto

EntrePass in Singapore: Gateway for Global Innovators and Entrepreneurs The Entrepreneur Pass (EntrePass) is a strategic initiative designed for ambitious foreign entrepreneurs, innovators, and investors looking to launch and operate businesses in Singapore. This guide provides an in-depth look at the EntrePass, offering insights into its application and renewal processes.

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Small things to show clients some love

Accounting Today

What accounting firms can learn from Chick-fil-A and Maya Angelou.

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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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Join me live for "Building a Modern CPA Firm" with Alan Whitman

Blake Oliver

Join me on May 08, 2024, at 10:30 am PST for a live-streamed podcast interview with Alan Whitman, the former CEO of Baker Tilly US. Alan will share his advice for how to transform traditional CPA firms into modern, sustainable, and innovative powerhouses. Topics we’ll cover: Identifying limitations and inefficiencies in traditional CPA firm models Leveraging modern tech and management practices to enhance service delivery and client satisfaction Formulating strategic growth plans for long-term s

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LogicGate aims to tame AI with new software

Accounting Today

LogicGate released AI governance software to help entities govern and manage implementation of the technology in their organizations.

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Accountingfly Hiring Update: May 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: Professional Growth Becoming More Important to Candidates; Can Employers Deliver? More Candidates are Prioritizing Upside What are candidates looking for in a new position? Recently, the most common candidate answers have been “a fully remote position” and “work/life balance.

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Private sector added 192K jobs in April

Accounting Today

Annual pay increased 5.0% year over year, ADP reported.

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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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Reasons for the Acute Talent Shortage in Accounting | Accounting Talent Podcast

accountingfly

Join host Rob Brown and co-host Jeff Phillips, CEO of Padgett and Co-Founder of Accountingfly, on the Accounting Talent Podcast as they tackle the burning question: Is accounting doomed due to a talent drought? Together, they dive into the nitty-gritty of the talent shortage in accounting firms, offering hope and actionable solutions. With engaging discussions and real-life stories, this podcast will help leaders navigate the challenges.

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FieldGuide releases AI 'Insights' solution for accountants

Accounting Today

The AI-driven analytics solution is specifically for accounting firms.

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QuickBooks Online Recertification 2024 is open

Insightful Accountant

Innovation is rapid. QuickBooks has introduced many enhancements, like QuickBooks Ledger. Stay sharp with recertification to guide clients effectively and be a trusted advisor in the fast-changing tech landscape.

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QuickBooks Invoicing and Payments

Nanonets

Invoicing and managing accounts payable digitally are a fact of life for business owners today, whether a small, local mom-and-pop or an eCommerce juggernaut selling thousands of dollars worth of inventory daily.  Though digitization has come a long way, it hasn’t yet alleviated all the pains associated with balancing the books, keeping vendors happy, and ensuring optimal cash flow – just ask anyone experienced with running their accounts through Excel workbooks.

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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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Supplies on hand definition

Accounting Tools

Supplies on hand refers to the stock of on-hand supplies of consumable items that is typically maintained by a business to support its operations. Examples of supplies on hand are production supplies, maintenance supplies, and office supplies. Accounting for Supplies on Hand If the cost of these supplies is minor, the cost may be charged to expense as incurred.

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Yellen defends Biden on tax cuts in face of Republican attack

Accounting Today

Treasury Secretary Janet Yellen came under fire from Republican lawmakers Tuesday over a quip from President Joe Biden about letting tax cuts enacted by predecessor Donald Trump expire.

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Stores definition

Accounting Tools

What are Stores? The stores term refers to the materials maintained by a business in inventory. The term can also refer to the function of holding and issuing inventory, such as a warehousing operation. In either case, an inventory tracking system is needed to ensure that the materials management staff has correct information about the number of units on hand.

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Stage 1 allocation definition

Accounting Tools

What is a Stage 1 Allocation? A stage 1 allocation is the distribution of costs to activities. The concept is used in activity-based costing ; it is a preliminary step in the allocation of overhead. A stage 2 allocation involves distributing the costs of activities to cost objects. Using two stages of allocations is intended to result in more accurate overhead allocations.

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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.