Fri.Aug 16, 2024

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IRS reopens Voluntary Disclosure Program to fix $1B in ERC claims

Accounting Today

The Internal Revenue Service is reopening the Voluntary Disclosure Program for a limited time to allow businesses to fix incorrect Employee Retention Credit claims without penalties or interest.

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Hiring Update: August 2024 | Freelance and DIY Recruiting

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Freelance Recruitment 2.0, Salary Trends, and DIY Recruiting. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Accounting Salary Trends 2019-2023 – Equity Partners Win; When to Reconsider DIY Recruiting; RTO Salary Math Goes Viral 5 Year Accounting Salary Trends: Partners Win; Staff Lose (?!

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Transforming tax advisory with value pricing

Accounting Today

The "ROI Method" of charging can enhance client satisfaction, boost your firm's revenue, and reduce the time spent on engagements.

Tax 240
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The Top 5 Canadian Tax Deductions Small Businesses Often Miss (and How Accountants and Bookkeepers Can Help Capture Every Receipt)

LedgerDocs

As an accountant or bookkeeper, you know how common it is for a small business owner to miss out on valuable tax deductions simply because they fail to keep track of all their receipts. Here’s a rundown of the top five Canadian tax deductions that small businesses often overlook and how you as their bookkeeper can help them preplan to ensure every receipt is captured and every deduction is claimed. 1.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Tech news: Sage Intaact touts enhanced features for global market

Accounting Today

Sage Intaact touts enhanced features for global market; Certinia's Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.

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How Outsourcing Bookkeeping Help You Scale Our Business – A Real-Life Example

Outsourced Bookeeping

In any industry, quality and quantity often seem to be mutually exclusive, and accounting and bookkeeping are no exception. An accounting firm that is known for its accurate and effective accounting services may find it hard to scale its operations for fear of the potential loss of quality. Accounting firms looking to expand their operations often struggle to maintain the right quality of work due to a lack of expertise, difficulties in hiring the right personnel, and, most importantly, the ever

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How to Automate Insurance Claims Processing

Nanonets

Tedious paperwork and long wait times are every person's worst insurance nightmare. But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability.

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How can CFOs build resilience while facing down challenges?

Accounting Today

As businesses navigate turbulent economic waters, CFOs face mounting challenges in their mission to manage costs, optimize resources and maintain financial resilience.

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AWS Cost Categories: A Key Tool for Cloud Financial Planning

Economize

AWS Cost Categories allows businesses to categorize and track their cloud expenditures in ways that align with the internal structures your organization and financial strategies. With numerous services and resources in play, tracking and managing cloud expenses can quickly become complex.

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Speakers urge emphasis on wellness for both clients and staff

Accounting Today

Speakers at Xero's annual Xerocon event in Nashville this week urged accountants to think more deeply about promoting mental health and wellbeing for both clients and staff.

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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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Ten dodgy tax tips best ignored

Accounting Fun

Make a loss - you only pay tax on profits Live on a boat and claim you're 'offshore' for tax purposes Don't worry about getting receipts Yes, we can rewrite the past and pretend you did things that you didn't really do Stick with Apple devices to avoid the Windows tax Less fasteners, more adhesive.

Tax 45
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Autodesk execs ignored accounting risks, documents show

Accounting Today

The company continued to use a controversial sales strategy to meet financial targets after promising it would stop.

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Labor standard definition

Accounting Tools

What is a Labor Standard? A labor standard is the amount of labor time that is expected for the completion of a task. it is usually derived in order to set a baseline for the quantity of work being conducted. A labor standard can be used in several ways, as noted below: Labor standards in budgeting. The concept is used when planning how many employees to assign to a task, which is part of the budgeting and planning processes.

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Staats: Using AI starts with curiosity

Accounting Today

YouTuber, podcaster and advisor Jason Staats discussed the practical issues in AI implementation for accountants during Xerocon this week.

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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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How To Write Emails 3x Faster With AI

Cloud Accounting Podcast

Blake and David discuss the slow adoption of AI tools in accounting firms, with a recent study showing low usage rates. They also explore the potential of AI to streamline tasks like email writing and fraud detection, highlighting tools like Superwhisper. Moving on, there are political discussions around tax exemptions for tips and their potential consequences, updates on the Wirecard fraud case, and insights from a study linking corporate ethics language to negative outcomes.

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Harris economic proposals envision tax cuts, subsidies

Accounting Today

They would all come with a hefty price tag, advisors warn.

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