Tue.Jan 23, 2024

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IRS aims to simplify tax notices

Accounting Today

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.

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Xero briefs new business Ministers on growing small business productivity

Xero

Xero provided a Briefing to Incoming Ministers (BIM) (Hon Nicola Willis, Hon Judith Collins, Hon Melissa Lee, Hon Andrew Bayly, and Hon David Seymour) in late 2023 which was focused on the challenges our small businesses face and the crucial role the government can play in driving solutions. Small businesses play a fundamental role in supporting our local communities, fostering innovation and driving productivity.

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RSM sees global revenue grow 16% to $9.4B

Accounting Today

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

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Intuit Announces New Economic and Small Business Job Data for 2023Q4

Insightful Accountant

As accountants look ahead to the upcoming year, it’s important for them to note what the current landscape looks like for their small business clients. That's why you may find this 4th-Quarter data from 2023 beneficial.

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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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Curtailing the ERC to pay for taxpayer benefits

Accounting Today

An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.

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What are SMBs Looking for in their Accounting Firm?

Insightful Accountant

A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.

More Trending

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Pay Transparency Website Levels Playing Field for Accountants

Cloud Accounting Podcast

Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points.

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FAF revamps FASB website

Accounting Today

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

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14 Proven Strategies for Growing a Tax Practice

Jetpack Workflow

If you’re a new firm owner starting to — or struggling to — grow your tax business, you may wonder what scaling a firm actually looks like in practice. Do you need to niche down immediately? Should you ask new clients for referrals right away? Can you put your website on the back burner for now? On Jetpack Workflow’s Growing Your Firm podcast, we recently interviewed 4 expert accountants who once had similar questions.

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Americanas probe circles around ex-CEO now living in Spain

Accounting Today

In the year since a 25 billion reais ($5 billion) accounting fraud scandal erupted at his former company and tarnished the reputation of its billionaire shareholders, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

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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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Zapier + QuickBooks: Accounting automation workflow ideas

Nanonets

Automation in accounting? A game-changer! Imagine invoice processing costs dropping from  $40  to  $1.42  each. That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. You can connect QuickBooks with over 5000+ apps — no code needed.

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ADM accounting probe highlights struggle to expand

Accounting Today

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

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Why Vendor Reconciliation Matters

oAppsNet

Vendor reconciliation is one choreography that stands out in the intricate dance of financial transactions. It’s not just a meticulous balancing act; it’s a critical process that is profoundly important for businesses. This comprehensive exploration delves into the layers of why vendor reconciliation matters, unraveling the significance that goes beyond mere numbers. 1.

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EAs face end-of-month renewal deadline

Accounting Today

Among others, Enrolled Agents with Social Security numbers ending in 7, 8 or 9 must renew with the IRS by Jan. 31.

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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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How Norbella Streamlined Its Media Payments

AvidXchange

Norbella is a n independent media agency based in Boston that partners with brands to create intuitive and adaptive media campaigns. It takes a comprehensive approach rooted in strategy, informed by customer data and insights, and guided by media intelligence. Its teams become extensions of those the y work with, making a lasting impact on target audiences and the business bottom line.

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He fled California's taxes. Now he's fighting them in Washington

Accounting Today

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

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What is FNOL in Insurance?

Nanonets

People buy insurance policies with the hope that in the event of an unfortunate loss or damage to the insured assets, their deprivation will be suitably compensated by the insurance provider at the earliest. Once loss or damage occurs, the compensation payment process is initiated by sending the First Notice of Loss (FNOL). The insurance provider immediately investigates the loss or damage and settles the loss or damage with the insured person.

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Enhance the power of generative AI in AR and AP

Accounting Today

Leveraging the benefits of generative AI has the potential to improve the workplace experiences of finance professionals.

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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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Member Spotlight: Time Is on Your Side

NACM

The relentless pursuit of education never stops for some professionals, no matter where they may be in their career's tenure—especially for those who change or take on additional roles. NACM's Professional Certification Program gives credit professionals that exact opportunity. With six levels of education that start with the basics of credit all t.

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In the blogs: Interesting questions

Accounting Today

1099s every quarter; latest tax lawmaking; a crypto outlook for 2024; and other highlights from our favorite tax bloggers.

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