Sat.Jan 11, 2025 - Fri.Jan 17, 2025

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Introducing ‘Your business supercharged’

Xero

Were excited to unveil our new tagline: Your business supercharged. This is more than just a statement. Its about helping you achieve your business goals. But its also about the journey, the passion and freedom to do what you love. Ultimately, its about helping you unlock your full potential. Time for change Your business supercharged is a reflection of our unwavering commitment to you and the value we hope to provide every day.

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The Key to SMB Success: Leveraging CFO Support Services

Accounting Department

In today's ever-changing business environment, having a solid financial strategy is crucial for achieving success. But what if your small or medium-sized business (SMB) can't afford to hire a full-time financial executive? That's where CFO support services come ina revolutionary solution for SMBs and startups. This blog explores what a CFO support service provider is, the significant value they offer, and why your business might benefit from their expertise.

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The Silent Killer of Small Business Growth: Are You Still Processing Invoices by Hand?

Compleatable

In the fast-paced world of small business, time is money. And yet, many small to medium-sized businesses (SMBs) continue to waste valuable time on manual processes that hinder growth, drain resources, and stunt overall productivity. One of the biggest culprits? Manual invoice processing (AP). You may not realise it, but the outdated practice of manually entering, managing, and paying invoices could be the silent killer of your businesss growth.

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LA fire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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4 Reasons to Make an Intuit Sales Career Your New Year’s Resolution

Intuit

It’s a new year and it’s a great time to be in financial technology salesand theres no better place to do it than Intuit. As rapid innovation and growth transform our industry, Intuits longtime leadership in AI puts us at the forefront of this exciting market. Make 2025 the year you join our winning team, and lets see how far we can go together!

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Examples of fixed assets

Accounting Tools

What are Fixed Assets? Fixed assets are items that are expected to provide a benefit to the purchasing organization for more than one reporting period. In addition, these items must have an acquisition cost that is higher than the organizations capitalization limit, which is the threshold below which purchases are automatically charged to expense as incurred.

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The Hard Truth About Client Feedback (And Why Many Firms Avoid It)

Blake Oliver

Why are accounting firms afraid to ask clients what they really think? A report from Inside Public Accounting says that only 27% of firms measure Net Promoter Score (NPS). It also says that our profession's average score is 39% - putting us closer to Fios by Verizon (32%) than Costco (79%). A good NPS score is 50% or higher. However, firms that DO measure NPS consistently score above 70%.

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Understanding W-9 Forms: A Comprehensive Guide

oAppsNet

The W-9 form, officially titled Request for Taxpayer Identification Number and Certification, is crucial for tax compliance and business transactions in the United States. Whether youre a freelancer, contractor, or business owner, understanding its purpose and importance is essential to your financial operations. This guide will walk you through the details of the form, its significance, and best practices for managing it.

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The Questionable Certification Behind IRS Commissioner Nominee Billy Long

Blake Oliver

$4,997 for a three-day seminar - that's all it takes to become a " Certified Tax and Business Advisor " like IRS Commissioner Nominee Billy Long. As we discussed on The Accounting Podcast , this credential comes from a company called Excel Empire. The certification's promotional video isn't even aimed at tax professionalsit's marketed to insurance agents looking to "differentiate themselves from over 1 million other United States insurance agents.

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Lessons from the Bench Shutdown: How to Safeguard Your Business’s Financial Data

Accounting Department

When an accounting service provider unexpectedly closes, businesses may find themselves in a rush to retrieve their financial data and maintain operations. The recent closure of a major accounting platform highlights the essential need for businesses to protect their financial information proactively.

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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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FTC mandates changes at H&R Block

Accounting Today

A Federal Trade Commission order requires the tax prep giant to make it easier for customers to use cheaper options.

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From hype to habit: Where AI is headed in 2025

Xero

Remember when the world shifted from paper to computers? Or from desktops to mobile devices? We’re on the cusp of a similar revolution with AI. What once felt like a futuristic, magical tool is quietly weaving itself into our daily lives. In the same way we now wonder how we ever lived without the internet, soon we’ll wonder the same about AI.

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Building a Resilient and Successful Bookkeeping Business

The Successful Bookkeeper

Building a successful bookkeeping business requires resilience, strategy, and a commitment to continuous improvement. Whether you're just starting out or looking to scale your operations, the journey involves both challenges and opportunities. This blog highlights practical strategies and insights to help bookkeepers grow their businesses, serve clients effectively, and achieve long-term success.

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Why Automating Your Schools AP is the Key to Greater Efficiency

Compleatable

Lets face it running a school is a juggling act. Between managing budgets, approving invoices, and ensuring everything runs smoothly, it can sometimes feel like there just arent enough hours in the day. Thats why automation is no longer a luxury its a necessity. Whether youre part of a single school or a multi-academy trust, automating processes like purchasing and accounts payable (AP) can save time, reduce stress, and free up your team to focus on what really matters: supporting students and t

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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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The best and worst states for unemployment insurance taxes

Accounting Today

Every state levies unemployment insurance taxes, but rates vary depending upon such factors as the health of the state's UI trust fund.

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Xero wins IDC 2024 SaaS CSAT Award for Finance

Xero

We’re thrilled to share some exciting news! Xero has just been awarded the IDC 2024 SaaS CSAT Award for Finance. Xero placed in the highest scoring group for vendors serving the financial application market. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

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Mastering Cash Flow Management: Essential Accounting Tips

Nolan Accounting Center

Cash flow is frequently described as the lifeblood of business, and positive cash flow is critical to the success of every business. Cash flow management is an especially vital practice for every small business owner. As Nick Chandi, ForwardAI CEO, stated, The more a business owner knows about their cash flow, the more empowered they become. Author Robert Kiyosaki added, Making more money will not solve your problems if cash flow management is your problem.

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The Annual Review

1st Step Accounting

At least once a year, I take a moment to review how our tax season went. There are 3 main things I look at – our process, technology, and average delivery time. After reviewing the 2023 tax year season, I realized there was some work that needed to be done. The data revealed some realities that I did not like, and some lessons emerged from this internal discussion.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Is it time to start your own firm?

Accounting Today

Whether you should hang out your shingle as an accountant depends on the answers to a number of questions.

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How the 2025 Singapore Budget Can Support Small Business Growth

Counto

How the 2025 Singapore Budget Can Support Small Business Growth Running a small business in Singapore is both exciting and challenging. The 2025 Singapore Budget introduces several measures to make your journey smoother, more sustainable, and financially secure. Whether youre looking to embrace digital transformation, adopt sustainable practices, or streamline your accounting services , this years Budget offers targeted support to help small businesses thrive.

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Why JPMorgan is calling employees back to the office 5 days a week

Blake Oliver

Why is JPMorgan calling all employees back to the office five days a week? Here's what they aren't telling employees: JPMorgan has loaned $174 billion to commercial real estate (CRE). That's ~13% of total loans. Meanwhile, the office sector has record-high vacancy rates. Rising interest rates have pushed CRE values down by 24% from their 2022 peaks.

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How to prevent order discrepancy with automated PO-SO matching

Nanonets

If you run a distribution business, you know the drill: A customer rejects an invoice over a purchase order discrepancy, their payment terms reset, and they sit on your working capital while you pay 9%+ interest. Let’s explore how a mid-sized distributor solved this by scaling their purchase order-sales order verification process before shipping – without adding headcount or disrupting existing workflows.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Ohio eases CPA licensure

Accounting Today

Ohio Governor Mike DeWine signed into law a bill that provides more flexibility for obtaining a CPA license, effectively eliminating the 150-hour requirement.

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Navigating ACRA’s Compliance Requirements for 2025

Counto

Navigating ACRA’s Compliance Requirements for 2025 As a small business owner in Singapore, ensuring compliance with ACRA’s regulations is crucial for your companys legal standing and company incorporation. As we approach 2025, its essential to understand the latest compliance requirements set by the Accounting and Corporate Regulatory Authority (ACRA).

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Ohio First State To End The 150-Hour Rule for CPA Licensure

Blake Oliver

The 150-hour rule is dead in Ohio! Effective Jan 1, 2026, you can get your CPA license with a bachelor's degree and two years of experience. No fifth year is required. Two pathways to CPA licensure will be available in Ohio: 1. A masters degree, completing the required accounting concentration of coursework, one year of experience, and passing the CPA Exam 2.

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Avoid Common Invoicing Mistakes in Taxation for Global Transactions

Invoicera

“Like mothers, taxes are often misunderstood, but seldom forgotten.” Lord Bramwell. This quote rings especially true when it comes to global invoice taxation. Taxes, while an unavoidable part of business, often leave companies tangled in confusion. A recent 2024 survey of over 1,000 global tax and finance executives revealed that 37% struggle to keep up with rapidly changing tax laws across different countries.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Guiding clients through the tax implications of a divorce

Accounting Today

The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS and, probably, an advisor for each spouse.

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Managing Taxes as a Freelancer or Self-Employed

Counto

Managing Taxes as a Freelancer or Self-Employed Managing your taxes as a freelancer or self-employed individual in Singapore might seem daunting at first, but with the right approach, it can be straightforward and manageable. This guide provides a clear and concise overview of what you need to know about handling your tax obligations effectively, leaving you more time to focus on growing your business. 1.

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The race to reform CPA licensing — which state will be next?

Blake Oliver

The race to reform CPA licensing is ON. And it's moving faster than expected. Scott Wiley, President of the Ohio Society of CPAs, shared some amazing numbers with me: 30+ states plan to file reform bills in 2025. Not more committeesactual legislation. Here are the details What's happening RIGHT NOW: 7 states already have bills filed California (#1 for CPA population) files next month 9 of the 10 largest CPA states are planning bills Together, these states represent 75-80% of ALL US CPAs Who's a

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Work Smarter This Tax Season: Strategies for Remote Accounting Success

accountingfly

For tax accountants, January marks the start of the busiest and most critical time of the year: tax season. Traditionally, this has meant long hours at the office, in-person client meetings, and a flurry of paper files and spreadsheets. But as the accounting profession evolves, so does the way tax season is managed. One of the most significant shifts?

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.