Wed.Jun 26, 2024

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Taxpayer Advocate spotlights problems with IRS assistance

Accounting Today

The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.

Tax 301
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Inventory Management Strategies To Maximize Efficiency

Accounting Department

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

professionals

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Santander renews $140M audit with PwC

Accounting Today

Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.

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5 Best Practices for AWS RDS Snapshots & Cost Management

Economize

What is an RDS snapshot? An AWS RDS Snapshot is one of the essential tools in Amazon Web Services for managing databases. RDS Snapshot is essentially a backup of your Amazon Relational database that captures the state of your database instance at a specific point in time.

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SaaS Evolution: The Critical Role of Embedded Finance

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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ISSB to streamline sustainability disclosure frameworks, standards

Accounting Today

The International Sustainability Standards Board will improve the sustainability disclosure landscape by streamlining and consolidating frameworks and standards.

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100 Funniest Tax Memes to Make Tax Season Entertaining

Ace Cloud Hosting

Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.

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Why You Should Participate in the ProAdvisor Awards

Insightful Accountant

Murph seeks to help you get ready for Insightful Accountant's 2025 ProAdvisor Awards process that will begin in July (2024). This includes a few fundamental changes to this year's requirements.

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Founder Files: Eliminating busy season

Accounting Today

Logan Graf is documenting his accounting firm's journey to eliminating busy season on his YouTube channel.

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Reminder

Future Firm

In business, we often lose sight of what’s truly important. This episode serves as a reminder to re-center and focus on what matters most. The post Reminder appeared first on Future Firm.

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IRS advisory group recommends regulating tax preparers

Accounting Today

An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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Can You Put a Business in a Trust?

CSI Accounting & Payroll

If you own a small business, you probably have a plan for what you want to happen to it when you’re not around one day. Maybe you know who you want to run it, or maybe you have an idea of how to split up ownership.

Tax 52
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Brazil unveils global billionaire tax plan that has split G-20

Accounting Today

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

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Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide

Counto

Can a Foreigner Open a Bank Account in Singapore? A Comprehensive Guide Setting up a bank account in Singapore as a foreigner can be a crucial step for SMEs, small business owners, entrepreneurs, and individuals looking to establish a company in Singapore. With its robust financial infrastructure and business-friendly environment, Singapore is an attractive destination for foreign investments and business operations.

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FASB proposes simplified guidance on software costs

Accounting Today

The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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What CFOs Are Thinking: AI, Talent Crisis, Gen Z, and More

Cloud Accounting Podcast

Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit.

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Kenya scraps $2.3B tax plan after deadly protests

Accounting Today

Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.

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Mastering AWS Cost Management: Tools, Services, and Best Practices

finout

Discover how AWS Cost Management tools help optimize cloud spending. Learn about key tools, best practices, and strategies for maximizing efficiency.

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98% of accountants have used AI, mostly for data entry and processing

Accounting Today

Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Is Your Firm Prepared for Dispersed Teams?

Insightful Accountant

Recent workplace changes have sped up shifts in how and where accountants work. Firms of all sizes have long been exploring dispersed teams.

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Talent scarcity puts renewed focus on AI tax tech

Accounting Today

While some news reports have sensationalized the arrival of artificial intelligence as a risk for the accounting industry, it represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.

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Introducing The Ask Lisa YouTube Series!

The Successful Bookkeeper

Learn about the launch of the Ask Lisa video series and how it can help bookkeeping business owners!

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IRS looks to settle with some conservation easement participants

Accounting Today

Some participants will get a letter next month outlining a potential settlement offer.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Bank Reconciliation Example: Simple Guide & Statement Template

Nanonets

What Is a Bank Reconciliation Statement? A bank reconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." The purpose of performing the bank reconciliation is to identify discrepancies and adjust entries so that the transactions are aligned with each other.

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Accounting irregularities, fictitious purchases wipe 10% off bookstore's shares

Accounting Today

A chain of second-hand bookstores may not immediately sound like the setting for a tale of stock-market volatility, but Bookoff Group Holdings Ltd. shares tumbled 10% after discovering fictitious purchases by employees.