Sat.Jan 04, 2025 - Fri.Jan 10, 2025

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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Why CFO Support Services Are Essential for Business Success in 2025

Accounting Department

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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A simpler tax code means simpler taxes. For everyone.

Intuit

Today, the US tax code is over 6,000 pages. Thats longer than the Bible, War and Peace, and Robert Caros The Power Broker combined. Thats a lot of pages and a lot of complexity. The tax code wasnt always this complicatedover the last 30 years, it has more than tripled in size. Even the Taxpayer Advocate Service has said that, US tax laws are overly complex.

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Why Your Non-Profit Needs Smarter Purchasing and Accounts Payable Practices

Compleatable

Managing a non-profit organization is no small feat. From juggling fundraising efforts to overseeing operations, every decision you make has a ripple effect on the communities you serve. In this context, one often-overlooked area that can deliver significant impact is how purchasing and accounts payable (AP) processes are managed. Adopting smarter practices in these areas isnt just an operational upgradeits a strategic move that can save time, reduce costs, and amplify your mission.

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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.

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Small business job and wage growth slackened

Accounting Today

Job growth and hourly earnings growth moderated in the latter part of 2024, according to the payroll processor Paychex.

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Maximizing Profit Opportunities with 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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Top 10 Collection Reminders Writing Tips

Gaviti

Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Many businesses that have embraced automated tools such as payment reminder software are able to simplify this process with dunning emails and late payment reminder templates that ensure consistency, save time, and improve efficiency.

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IRS to start tax season on Jan. 27

Accounting Today

Newly expanded and improved tools will be available when tax season kicks off this month.

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What Business Overdraft Protection Is & How It Works

Fit Small Business

Overdraft protection is a business checking service that allows your bank to auto-transfer funds from a backup account, credit card, or a line of credit to pay for transactions if your main checking accounts balance is insufficient. It protects you from overdraft fees and non-sufficient funds (NSF) fees. In many cases, you can set it. The post What Business Overdraft Protection Is & How It Works appeared first on Fit Small Business.

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Top A/R & Invoice Management Tips for B2B Companies

Enterprise Recovery: Accounts Receivable

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

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The Silent Crisis: Why Finance Lags in Digital Transformation and How to 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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How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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IRS proposes banning contingency fees

Accounting Today

The change would come as part of the first big amendments to Circular 230 since 2014.

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How to Calculate Accounts Payable Automation ROI

AvidXchange

Table of Contents: AP Automation ROI Calculator | Factors for Calculating Accounts Payable Automation ROI | How to Calculate AP Automation ROI | Intangible Benefits of AP Automation | Tips for Maximizing Accounts Payable Automation ROI | Take the Guesswork Out of Accounts Payable Automation ROI Automating accounts payable (AP) processes can result in many benefits for busy finance and accounting departments.

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Cryptocurrency Accounting for Small Businesses in Singapore

Counto

Cryptocurrency Accounting for Small Businesses in Singapore As cryptocurrency continues to gain popularity worldwide, many small businesses in Singapore are exploring its potential as an alternative form of payment or an investment option. However, accounting for cryptocurrency can be complex, and understanding the proper treatment is essential for ensuring your business remains compliant and financially organised.

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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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Key Benefits of e-Invoicing: Reducing Errors and Invoice Frauds

Invoicera

Misleading and fraud invoices might pull down a firms reputation, besides consuming a lot of time and money. Most traditional accounts payable and receivable processes are susceptible to errors such as duplicate entries, errors made by the workers, etc., all because of manual processes. Did you know? In the US companies are losing an average of $300,000 per business annually to fraudulent invoices.

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The best and worst states for sales taxes

Accounting Today

Data from the Tax Foundation's 2025 State Tax Competitiveness Index ranked which states compete on sales and excise taxes, and which don't.

Tax 299
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Not Being An ‘Order Taker’ and Ditching $250/$300 Clients w/ Shannon Weinstein

Jetpack Workflow

Podcast Summary In this episode of the Grow Your Firm Podcast, host David Cristello welcomes Shannon Weinstein , the CFO for small businesses transitioning from seven to eight figures and President of Keep What You Earn. Shannon shares her unique approach to hiring, emphasizing the importance of crafting compelling job descriptions that sell the company to prospective candidates.

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Understanding GST on Imported Digital Services

Counto

Understanding GST on Imported Digital Services As a small business owner in Singapore, you’re likely using a variety of digital services to streamline your operations, from cloud-based software to e-commerce platforms and marketing tools. However, recent changes in tax regulations have introduced GST on imported digital services , which may impact your businesss bottom line.

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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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Need-to-Know Nonprofit Trends for 2025

AvidXchange

In 2025, nonprofits stand at the crossroads of opportunity and challenge, navigating a rapidly evolving technological landscape. As organizations dedicated to fulfilling vital community needs, they face unique pressures to adapt while maintaining their core mission. Based on our review of industry research, three pivotal trends the increasing use of artificial intelligence (AI), the adoption of electronic payment methods, and the critical need for robust cybersecurity may reshape elements of t

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Grant Thronton CEO steps down

Accounting Today

Seth Siegel, CEO of Top 10 Firm Grant Thornton, announced he is stepping down from his position after 30 years with the firm.

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3 tech must-haves for 2025, according to Canadian businesses

Plooto

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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Amazon Fees in Singapore: What Every Seller Should Know

Counto

Amazon Fees in Singapore: What Every Seller Should Know For small business owners in Singapore, selling on Amazon is an excellent way to reach a global audience and expand your online presence. However, before you get started, its essential to understand the various Amazon seller fees. These fees can significantly impact your profits, but incorporating them into your accounting services can help you manage costs more effectively and set competitive prices for your products. 1.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Airwallex Business Account Review for 2025

Fit Small Business

Airwallex provides businesses with global accounts designed to simplify overseas transactions. This financial technology (fintech) platform offers fast transfers, multicurrency accounts, and corporate cards. By using transparent and competitive foreign exchange rates, businesses can effectively lower currency conversion costs and utilize various payment methods.

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Tech roundup: Intuit guarantees tax refunds 5 Days early into any bank account

Accounting Today

Intuit guarantees tax refunds 5 Days early into any bank account; IRIS beefs up Firm Management solution, customer success function; and other accounting tech news and updates.

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What Should Bench Clients Do Now That Employer.com Has Taken Over?

Bookkeeping Express

With the recent acquisition of Bench Accounting by Employer.com, many small business clients are wondering what this transition means for their bookkeeping needs. Benchs abrupt shutdown left numerous clients with incomplete books for 2024, and while Employer.com plans to rehire Bench employees and restart its proprietary technology, the path forward is far from clear.

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GST Registration for Small Businesses

Counto

GST Registration for Small Businesses As a small business owner in Singapore, understanding when and how to register for GST is key to managing your tax obligations and staying compliant with the law. GST (Goods and Services Tax) is a tax that businesses in Singapore need to account for when they reach a certain turnover threshold, but the process of registration can often be unclear.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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What Is a Promissory Note? Examples and Uses

Fit Small Business

A promissory note is a legal document that illustrates a written promise between two partiestypically a borrower (the note’s payee) and a lender (the notes issuer or maker)that states the terms and conditions of a financing agreement. It defines elements such as the principal loan amount, interest rate, maturity date, repayment schedule, collateral requirements, and.

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The best and worst states for property taxes in 2025

Accounting Today

Every state levies property taxes, but some states have high or complex property tax structures, making them less competitive.

Tax 299
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Top Remote Accounting Candidates for Hire | January 9, 2025

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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Shopee Fees in Singapore: What Every Seller Should Know

Counto

Shopee Fee in Singapore: What Every Seller Should Know As a small business owner in Singapore, tapping into the potential of Shopee can be an exciting way to grow your business and reach more customers. However, understanding the Shopee fee in Singapore can feel overwhelming. Whether you’re handling your finances independently or working with professional accounting services , grasping these fees is crucial to ensure your business remains profitable.

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?