Wed.Oct 30, 2024

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Audit partners concerned about 2025 risks

Accounting Today

A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, according to a survey by the Center for Audit Quality.

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Introducing Xero Mentor Match: A mentoring program for industry partners

Xero

There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to evolve the role of the modern accountant.

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FASB proposes to clarify guidance on acquirer in business combinations

Accounting Today

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.

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Usage-Based Monetization Musts: A Roadmap For Sustainable Revenue Growth

Speaker: David Warren

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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Celebrating the UK winners of the Xero Beautiful Business Fund 2024

Xero

Supporting and championing small businesses is at the core of our purpose, which is why we launched the Xero Beautiful Business Fund last year. This initiative provides more than £350,000 in funding globally to our small business customers in the UK, South Africa, Australia, New Zealand, Singapore, Canada and the US. There were 28 winners overall, four in each country, who were awarded based on their 90 second video entry about how they would use the funding to support their future business goa

XERO 130
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Super Micro auditor EY resigns, citing 'integrity' concerns

Accounting Today

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

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Lovesac to pay SEC $1.5M over scheme that buried expenses

Accounting Today

The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

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We’re ready to support you with Making Tax Digital for Income Tax

Xero

As outlined in the autumn Budget, the UK government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment, which will be mandated in April 2026. We’re pleased that this gives accountants and bookkeepers more certainty on timings as they prepare for this deadline. At Xero, we’re ready for MTD for IT and will be participating in HMRC’s public testing phase from April 2025.

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Xero awards $460K to 'Beautiful Business Fund' winners

Accounting Today

Xero announced the winners of its annual Beautiful Business Fund competition, who each received a portion of $460,000 in prize money. Four were based in the US.

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Celebrating the South African winners of the Xero Beautiful Business Fund 2024

Xero

South African small businesses pack a big punch, and despite facing ongoing challenges, they are resilient, ambitious and optimistic. Supporting and celebrating these businesses is at the heart of why Xero exists, so I’m very happy to announce the South African winners of the 2024 Xero Beautiful Business Fund. Launched last year, this fund provides more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the U

XERO 130
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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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Auditors navigate a state of 'permacrisis'

Accounting Today

Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.

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Intuit Connect showcases Intuit Solutions

Insightful Accountant

Intuit showcases innovation's to fuel accountant success and drive business grown by powering prosperity with AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow your business.

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Private sector added 233K jobs in October as annual pay grew

Accounting Today

Private sector employers added a robust 233,000 jobs in October as annual pay grew 4.6% year over year, payroll giant ADP reported.

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How to Delegate Advisory Work to Your Team

Future Firm

Are you struggling to add advisory services without taking on all the work yourself? Learn how to delegate and make advisory work scalable. The post How to Delegate Advisory Work to Your Team appeared first on Future Firm.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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Intuit rolls out new features and capacities

Accounting Today

Intuit announced new features and capacities, many of them within its QuickBooks line of products.

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What is Azure Backup Costs: A Simple Guide

Economize

Understanding Azure Backup Azure Backup service is a reliable backup and recovery solution for both your on-premise and Azure resources. It protects your critical data and prevents data loss from accidental deletions, ransomware attacks, corruption, or hardware failures.

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Bonadio to merge in Cover & Rossiter

Accounting Today

The Top 50 Firm is expanding into Delaware with its latest M&A deal.

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What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

Cloud Accounting Podcast

In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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Why Hiring a Professional Tax Preparer Is Inevitable This Tax Season? 

CapActix

Tax season often brings a great deal of pressure. Many individuals and businesses find themselves buried under endless paperwork and confusing regulations. These tasks can be overwhelming, especially when trying to avoid costly errors. This is where you must consider the services of a professional tax preparer. Instead of struggling through forms and laws, you can rely on their expertise to handle everything smoothly and accurately.

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Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

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Let's make accounting great again

Accounting Today

Far too often, accountants get put into a box, and people assume this is a single-path career. But that is far from reality.