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Tax season can be a source of stress to even small and medium-sized enterprises (SMEs). Having disorganized records, overlooked reductions, and the overheating threat of penalties can create a challenging atmosphere for business owners. Outsourced bookkeeping offers practical, cost-effective solutions that simplify tax preparation and, in turn, maximize tax benefits for small businesses.
The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.
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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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There is so much we can learn from athletes about leadership, routines, and growth. Pro golfer Gabi Ruffels, member of Team AvidXchange , recently joined Michael Praeger on his “ The Power of Change ” podcast to discuss these topics and more. Gabi Ruffels is an Australian-American LPGA Tour player. After becoming the No. 1 ranked junior tennis player in Australia at age 12, Gabi transitioned to playing golf and is now in her rookie year on the LPGA Tour.
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
When you’re a one-man operation, learning the ropes can be intimidating. Here, we answer: Do I need payroll for myself? How do I set up and run payroll when I’m self-employed? Is it better to be self-employed or on payroll?
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What is Mark to Market? Mark to market is the recognition of certain types of securities at their period-end market values at the end of a reporting period. The mark to market process is used to give the readers of an organization's financial statements the most current view of the entity's asset and liability valuations. However, this process can give readers a pessimistic view of a firm's financial situation if there is a sudden downturn in asset values at month-end, from which market prices s
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“The UK doesn’t really have the practice of living in multigenerational homes that other cultures do. We are one of the most age-segregated countries in the world; as we grow older, we tend to move away from family, forming bubbles of people who are the same age, who think like us and talk like us. That can lead to issues like loneliness, ageism and social isolation,” said Louise Goulden, founder of The Together Project.
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Do you tense up every time you run your business's aging report ? Instead of feeling helpless about delinquent accounts, you can stay calm and take proactive steps to manage the situation. By adopting a strategic approach, you can implement practical solutions to increase your success at recovering outstanding payments. Tired of chasing overdue invoices?
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