Tue.Jul 30, 2024

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New forms, new regulations: Top changes out of the IRS

Accounting Today

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

Tax 336
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How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax season

Intuit

For years, Intuit has leveraged artificial intelligence (AI) to transform how consumers and businesses manage their finances for the better. Deploying these technologies responsibly and at scale is no easy feat. Through early investments in building an AI-driven expert platform, where AI supercharges human experts, and human experts supercharge AI , Intuit is serving customers at the cutting edge of today’s AI and data revolution.

Tax 279
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Schumer plans vote on stalled tax extender bill in Senate

Accounting Today

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

Tax 306
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Unlocking Business Insights with QuickBooks Dashboards

Accounting Department

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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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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Undocumented immigrants in US pay nearly $100B in taxes

Accounting Today

New report finds undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer.

Tax 317
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Updated migration approach to move NZ customers to new subscription plans

Xero

In June, we announced changes to Xero’s plans in Aotearoa New Zealand as part of our efforts to simplify our plan offering. The new plan line-up will launch on 12 September 2024 and bundles key features such as Xero Payroll, Xero Projects and Analytics Plus into some plans, making it easier to choose the best option for your business or clients. We’re now able to share an update on our migration approach and the timing for moving customers to new subscription plans.

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Improve Invoice Matching Rates in Your School or MAT

Compleatable

Watch: Improve Invoice Matching Rates in Your School or MAT Fill in the form to access the video recording of our Compleat Education webinar looking specifically at boosting your invoice matching rates. Name Work Email Address Job Title Watch the video Improve Invoice Matching Rates in Your School or MAT The post Improve Invoice Matching Rates in Your School or MAT first appeared on Compleat Software.

Invoicing 130
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The effect of the November election on IRS funding

Accounting Today

Who wins the White House and Congress will have major repercussions on the agency's budget.

Budgeting 306
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Do You Have a Migration Story to Share?

Insightful Accountant

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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Pennsylvania to join IRS Direct File free tax program

Accounting Today

The Keystone State will become the 15th to join the IRS's free tax program next filing season.

Tax 302
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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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The 19 Best Accounting Podcasts to Listen To

Future Firm

Looking for the best accounting podcasts on the market? Good news for you, because I've curated the 19 absolute best ones around. The post The 19 Best Accounting Podcasts to Listen To appeared first on Future Firm.

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Small-business job growth lagged in July

Accounting Today

The hiring pace at small businesses dropped slightly in July, payroll processor Paychex reported Tuesday, but wage growth remained consistent.

Payroll 182
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Get More 'Murph'

Insightful Accountant

When you subscribe to Be Insightful, you will actually be able to "get more 'Murph'." Murph will still write informative news and informational articles for Insightful Accountant, but he will be writing in-depth coverage within Be Insightful.

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KPMG, Armanino add generative AI to audit tools

Accounting Today

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

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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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Royalwise OWLS: The Banking Center in QBO

Insightful Accountant

Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Our tutorial on QBO Banking will teach you how to take advantage of the powerful Banking Feed feature in QBs.

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Our Favorite Government Frauds: An Interview with the Hosts of "Oh My Fraud"

Earmark Accounting Podcast

Greg Kyte and Caleb Newquist of the Oh My Fraud podcast share their favorite government fraud cases they've covered on the Oh My Fraud podcast, including Rita Crundwell's $53 million municipal fraud in Dixon, Illinois, and Claudia Viles' $500,000 tax-collector fraud in Anson, Maine. They also examine the "Fat Leonard" Navy contracting fraud, Eddie Tipton's lottery rigging scheme, and some pandemic-related frauds like PPP and EIDL abuse.

CPA 45
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Royalwise OWLS: Reconciling in QBO

Insightful Accountant

Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Our tutorial on QBO Banking will teach you how to take advantage of the powerful Banking Feed feature in QBs.

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How to become a CPA

Accounting Tools

What is a CPA? A certified public accountant is an accountant who has passed all parts of the CPA examination, as administered by the American Institute of Certified Public Accountants , and who has completed all additional work and educational requirements of their local state accounting regulatory agency. A CPA is authorized to render an opinion on the fairness of a client's financial statements.

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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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The Importance of Credit Management for B2B Businesses

oAppsNet

In B2B (business-to-business) transactions, effective credit management is not just an option — it’s a necessity. Proper credit management practices ensure businesses maintain a healthy cash flow, minimize risks, and build strong client relationships. Understanding the significance of credit management in the B2B context can help companies navigate financial challenges and achieve sustainable growth.

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In the blogs: Feeling your pain

Accounting Today

High-income backdown; Direct File collision; the vaping excise mess; and other highlights from our favorite tax bloggers.

Tax 140