Tue.Nov 21, 2023

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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

Tax 221
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The returns you'll be filing more (and less) of in 2023

Accounting Today

Five types of return are projected to increase in volume by more than 45% in FY 2023.

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Breaking News: IRS Delays 1099-K Requirement Again

Insightful Accountant

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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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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Planning for next year's tax brackets after the tweaks for inflation

Accounting Today

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

Tax 238
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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

More Trending

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9 Best Client Management Tools for 2024

Invoicera

Do any of these scenarios sound familiar? Struggling to keep track of client interactions, communication, and appointments, leading to missed opportunities? Your team finding it challenging to collaborate and share client-related information? Experiencing difficulties with maintaining client satisfaction and building lasting relationships? Concerned about the security of the client’s data?

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When clients want to break free

Accounting Today

There's a case to be made against iron-clad contracts.

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What's New in QuickBooks from Connect | Firms Turning Away Work Due to Staffing Shortages

Cloud Accounting Podcast

We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. Finally, we discuss the disruption of Alphabet's main search business by Microsoft, Amazon, and Apple in the AI-powered assistant space.

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Navigating the complexities of CPA firm mergers

Accounting Today

Accounting firms are increasingly looking to M&A as avenues for expansion and improved service offerings.

CPA 189
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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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5 Powerful Tips to Unlock the Power of Xero for Your Accounting Needs

Outsourced Bookeeping

Using Xero accounting software to its full potential requires more than just expertise, it involves utilizing a technology that is redefining accounting. Discover five efficient strategies in this guide that may assist you in getting the most out of Xero for your accounting needs. These suggestions are designed to advance your accounting skills, regardless of whether you’re looking to improve financial management efficiency, explore smart reporting, or streamline procedures.

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M&A roundup: Accountability Services and Abip expand

Accounting Today

Accountability Services merged with Boulder Valley CPAs; and Abip CPAs & Advisors added Matthews & Johnson CPAs and Brehm, Havel & Co.

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App Academy | Royalwise

Insightful Accountant

Royalwise is becoming an App Partner, offering QBO training to bookkeepers, business owners, and accounting firms. Our courses fill the gaps in knowledge and are NASBA CPE approved.

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In the blogs: All that looms

Accounting Today

Bumping the 1099-Ks; nonsensical language; showing your appreciation; and other highlights from our favorite tax bloggers.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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App Academy | Anchor

Insightful Accountant

Publisher, Gary DeHart, sat with Anchor Co-Founder and CRO and learned what Anchor does and how accounting professionals leverage automations to improve their workflow, cash flow and EBITDA so they can "auto-relax".

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Automating AP Approval Process: Enhancing Efficiency for Faster Invoice Approvals

Nanonets

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. Automating the accounts payable approval process in your company is essential because it saves significant time, reduces costs, improves cash flow management, strengthens internal controls , and improves supplier satisfaction.

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Boulder Valley CPAs and Accountability Services Announce Strategic Merger

Insightful Accountant

In a landmark move, Boulder Valley CPAs and Accountability Services have announced a merger that is set to redefine the landscape of the public accounting profession.

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Exciting Changes Coming to QuickBooks ProAdvisor Program!

Insightful Accountant

Join us as we unveil the upcoming revamp of the QuickBooks ProAdvisor program, now in its impressive 26th year!

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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A Step-by-Step Guide to Identifying Your Ideal Clients

Insightful Accountant

With 316k+ bookkeeping/payroll businesses & 46k+ CPA firms in the US, competition is intense. To grow & charge higher fees, differentiate your brand & business for a healthier bottom line.

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