Tue.Dec 26, 2023

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IRS falls behind on tax return scanning goal

Accounting Today

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

Tax 334
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5 SMB Trends to Expect in 2024

Accounting Department

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

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The 20 least financially savvy states

Accounting Today

The bottom state in the ranking received a total score for financial literacy of 51 out of 100.

Tax 321
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How Lacerte Software Streamlines Tax Preparation Processes

Ace Cloud Hosting

Tax preparation can be a daunting task, especially for those new to the field. Lacerte Software offers a comprehensive solution that simplifies the process and ensures accuracy and compliance. Lacerte.

Tax 111
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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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Maintaining financial transparency in business

Accounting Today

When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.

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Murph hosts a ProAdvisor Meetup for January's QB Talks

Insightful Accountant

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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Consumers Consider Starting New Businesses in 2024

Insightful Accountant

According to the recently released Intuit QuickBooks Entrepreneurship in 2024 Report, nearly a quarter of US consumers are considering starting a new business in 2024.

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IRS plans rules to clarify R&D expensing

Accounting Today

The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.

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How To Choose The Right Invoicing Software: 10 Questions To Ask

Invoicera

Introduction Do you know that having the right invoicing software can make a big difference for your business? Nearly 60% of small businesses struggle with late payments. That’s a lot! That’s why it’s essential to pick the right invoicing software. But don’t worry, it’s not complicated. Think about what your business needs.

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Where's AI going, anyway?

Accounting Today

What does the future hold for AI and accounting? While predictions over the long term are dicey, Accounting Today asked AI experts what people may see in the short term.

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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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Overhead rate definition

Accounting Tools

What is an Overhead Rate? The overhead rate is the total of indirect costs (known as overhead) for a specific reporting period, divided by an allocation measure. The overhead rate is then used to allocate overhead costs to cost objects, which are usually products or projects. A company uses the overhead rate to allocate its indirect costs of production to products or projects for one of two reasons.

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Telling the IRS from the crooks — and how to fight back

Accounting Today

More and more fraudsters are impersonating the IRS, so taxpayers need to know how to tell the difference, and what to do if someone tries to scam them.

Tax 250
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5 Ways Startups Can Leverage AWS Cloud to Outpace Big Competitors

Ace Cloud Hosting

“David vs Goliath” of the Cloud Era The age-old tale of David and Goliath teaches us a lot of lessons. For me, it showcases how David didn’t rely 100% on.

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IESBA makes progress on sustainability and tax ethics standards

Accounting Today

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

Tax 182
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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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Which Business Structure Saves You Money in Taxes?

CSI Accounting & Payroll

As a small business owner, you know that businesses can owe a lot in taxes. Of course, you want to keep that as low as legally possible. Business entities, or business structures , can play a part in tax liability – but how much do they matter? At CSI Accounting & Payroll, we’ve worked with small business accounting for over 50 years. During that time, small business owners have wanted to know a lot about business entities and taxes, such as: How much do business entities affect tax liabilit

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Leonard Green to buy Iris Software stake at £3.2B value

Accounting Today

Iris supplies software for the U.K. accounting, payroll, human resources and education sectors.

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Unleashed Software @ QuickBooks Connect 2023

Insightful Accountant

Unleashed is cloud-based inventory management software that unlocks your cashflow and saves time – so you can concentrate on growing your business.

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Technology you don't have, but probably should

Accounting Today

You may have been up to date yesterday, but there's probably an advance in current technology, or an entirely new technology, that can help you or your clients be more accurate, and more productive.

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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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Trustee definition

Accounting Tools

What is a Trustee? A trustee is someone who is legally responsible for trust assets. This person administers assets as mandated in the instructions associated with a trust. In many cases, the person who created a trust steps into the role of trustee, and stays there until he or she is incapacitated. From that point onward, a successor trustee takes over responsibility for the trust assets.

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Demystifying alternative risk transfer programs and their tax consequences

Accounting Today

ART programs provide a number of benefits, including more control over premiums and a more stable renewal process. However, the tax consequences require a thorough vetting.

Tax 145
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Cap table definition

Accounting Tools

What is a Cap Table? A cap table is a spreadsheet that itemizes the ownership positions of the investors in a business. If a business has issued several types of equity , then the cap table is subdivided into stock types. This means that, for example, an investor might have acquired shares of common stock , Series A preferred stock , and Series B preferred stock.

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You're doing it wrong: Annual portfolio rebalancing isn't enough

Accounting Today

Technology helps financial advisors unlock much more value by being able to switch up clients' buckets of investments at any time throughout the year.

Tax 145
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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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How to calculate the present value of a bond

Accounting Tools

What is a Bond? A bond is a fixed obligation to pay that is issued by a corporation or government entity to investors. The issuer is obligated to make a series of interest payments to the bond holders over the life of the bond, and to buy back the bonds at their maturity date. This is a form of debt for the issuer. The Present Value of a Bond The issuer may have an interest in paying off the bond early, so that it can refinance at a lower interest rate.

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Tax Strategy: Self-employment tax and limited partners

Accounting Today

In a recent case, the Tax Court addressed the issue of when limited partners may be subject to self-employment tax.

Tax 154
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Basic earnings per share formula

Accounting Tools

What is the Basic Earnings per Share Formula? Basic earnings per share is the amount of a company’s earnings allocable to each share of its common stock. It is a useful measure of performance for companies with simplified capital structures that only contain common stock. If a business only has common stock in its capital structure, the company presents only its basic earnings per share for income from continuing operations and net income.

Tax 40
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Business transaction definition

Accounting Tools

What is a Business Transaction? A business transaction is an economic event with a third party that is recorded in an organization's accounting system. Such a transaction must be measurable in money. Once a business transaction has been recorded, it will flow through the accounting system and appear in a firm’s financial statements. Examples of Business Transactions Examples of business transactions are: Buying insurance from an insurer.

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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.

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Economic value added definition

Accounting Tools

What is Economic Value Added? Economic value added is the incremental difference in the rate of return over a company's cost of capital. In essence, it is the value generated from funds invested in a business. If the economic value added measurement turns out to be negative, this means that management is destroying the value of the funds invested in a business.

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Transaction exposure definition

Accounting Tools

What is Transaction Exposure? Transaction exposure is the risk of loss from a change in exchange rates during the course of a business transaction. This exposure is derived from changes in foreign exchange rates between the dates when a transaction is booked and when it is settled. This is a particular concern when there is a lengthy gap between the start of a transaction and when payment is received.