Tue.Jan 07, 2025

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Why CFO Support Services Are Essential for Business Success in 2025

Accounting Department

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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A simpler tax code means simpler taxes. For everyone.

Intuit

Today, the US tax code is over 6,000 pages. Thats longer than the Bible, War and Peace, and Robert Caros The Power Broker combined. Thats a lot of pages and a lot of complexity. The tax code wasnt always this complicatedover the last 30 years, it has more than tripled in size. Even the Taxpayer Advocate Service has said that, US tax laws are overly complex.

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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IRS proposes banning contingency fees

Accounting Today

The change would come as part of the first big amendments to Circular 230 since 2014.

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Start the Year Right: Creating a Business Growth Strategy for 2025

Counto

Start the Year Right: Creating a Business Growth Strategy for 2025 As a small business owner in Singapore, setting a clear and actionable business growth strategy for 2025 is essential to ensure long-term success. A solid growth strategy not only aligns your goals with market realities but also integrates sound accounting services to maintain financial stability.

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Key Benefits of e-Invoicing: Reducing Errors and Invoice Frauds

Invoicera

Misleading and fraud invoices might pull down a firms reputation, besides consuming a lot of time and money. Most traditional accounts payable and receivable processes are susceptible to errors such as duplicate entries, errors made by the workers, etc., all because of manual processes. Did you know? In the US companies are losing an average of $300,000 per business annually to fraudulent invoices.

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Deadlines coming for taxpayers hit by disasters

Accounting Today

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

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3 tech must-haves for 2025, according to Canadian businesses

Plooto

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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IRS, Treasury finalize rules for clean electricity tax credits

Accounting Today

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

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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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What is Days Sales Outstanding (DSO)?

oAppsNet

Days Sales Outstanding, often called DSO, is a term many business owners hear but do not always understand in depth. It is a simple concept: it shows how long it takes to get paid after making a sale. Yet, it can reveal so much more about the health of your business. When your DSO is too high, you may be short on cash, even if you have many active clients.

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Adopt, Test, Monitor: Simplifying AI for CPAs

Accounting Today

When it comes to AI, where do we start? What's relevant? How do we determine what's worth our time and investment? Consider the AI Adopt, Test, Monitor Framework.

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Inventory Management in QuickBooks Enterprise – What You Need To Know

Ace Cloud Hosting

QuickBooks Enterprise is one of the most robust tools for managing the accounting processes of every business in any industry.

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Caseware to acquire lease software company

Accounting Today

Caseware announced it is acquiring LeaseJava, an Atlanta-based provider of lease accounting support solutions.

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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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1099 Preparation and Filing Year-End Bookkeeping Full-Year QuickBooks Write-Ups

Outsourced Bookeeping

Managing finances effectively is critical for the success of any business, especially when preparing for tax season. From 1099 preparation services to year-end bookkeeping and full-year QuickBooks write-ups , ensuring your financial records are accurate and compliant can be daunting. This blog will delve into these essential processes, providing insights into how they can simplify your bookkeeping and tax filing. 1099 Preparation and Filing Year-End Bookkeeping Full-Year QuickBooks Write-Ups Und

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Citrin gets new PE owner as Blackstone buys stake

Accounting Today

The Top 25 Firm's private equity ownership will transfer from New Mountain Capital to Blackstone, marking the first 'turn' in the U.S. accounting space.

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QuickBooks Payments Changes Coming to QuickBooks

Insightful Accountant

Not later than the end of January, some QuickBooks users may see changes in the form of access to QuickBooks Payments.

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Kacee Johnson departs CPA.com

Accounting Today

CPA.com's vice president of strategy and innovation, Kacee Johnson, has announced she is stepping away from her position after six-and-a-half years.

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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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ProAdvisor 'Inventory/Manufacturing' App Survey Request

Insightful Accountant

Insightful Accountant is still seeking to update ProAdvisor preference information concerning Inventory/Manufacturing Apps that work with QuickBooks. Please assist us with a short survey telling us your favorite apps in this category.

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M&A roundup: HBK and SD Mayer expand

Accounting Today

Top 50 Firm HBK acquired Acuity Human Resources; and SD Mayer merged in Bogdan & Frasco.

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How to Actually Start Tax Season Feeling Refreshed

Insightful Accountant

For tax professionals, January marks the beginning of the most demanding period of the year. While others are setting New Year's resolutions, you're preparing for four months of long hours, complex calculations, and deadline pressures.

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2025 Regulatory Changes: What SMEs in Singapore Need to Know

Counto

2025 Regulatory Changes: What SMEs in Singapore Need to Know As we approach 2025, small businesses in Singapore are facing a dynamic regulatory landscape that will impact various aspects of their operations, including accounting services. With new policies and regulatory changes on the horizon, business owners must stay informed and prepared to ensure continued compliance.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Thomson Reuters Acquires SafeSend

Insightful Accountant

Thomson Reuters automates the 'last mile' of tax return workflow by acquiring SafeSend to solve taxpayer e-signature and deliver pain points.

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How to Refinance a Business Loan

Fit Small Business

To refinance a business loan, you must replace the existing loan with a new one. This requires you to have an understanding of how much you need to satisfy the existing loan, identify the best type of loan to suit your needs, and then find a lender willing to issue you funding. While there may. The post How to Refinance a Business Loan appeared first on Fit Small Business.

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QuickBooks Payments Changes Coming to QuickBoooks

Insightful Accountant

Not later than the end of January, some QuickBooks users may see changes in the form of access to QuickBooks Payments.

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What Is IT Financial Management (ITFM) and 5 Steps to Adoption

finout

IT financial management (ITFM) oversees IT resources and services, ensuring cost-effectiveness and alignment with business goals.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Treasury and IRS Propose Regulations To Update Rules for Tax Pros

Insightful Accountant

The Treasury and IRS propose regulations to update rules for tax professionals who can practice before the IRS encouraging taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.

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What Is SOFR (Secured Overnight Financing Rate)?

Fit Small Business

The Secured Overnight Financing Rate, commonly referred to as SOFR, is a benchmark rate index published by the Federal Reserve Bank of New York. It is used by financial institutions to price various lending productssuch as loans, derivatives, and bondsand reflects the average cost of borrowing funds overnight when secured by US Treasury securities. It.

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In the blogs: Great minds

Accounting Today

Trump's tax policy guy; states copy the feds; what's in a name; and other highlights from our favorite tax bloggers.

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What Are Key Performance Indicators for Employees: Types & Examples

Fit Small Business

Key performance indicators (KPIs) for employees are measurable values that allow you to determine how effectively workers achieve business objectives. They also let you monitor worker productivity and efficiency, enabling you to spot potential problems and make the necessary adjustments to help you stay on track with team or organizational goals. Categories of Key Performance.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.