Sat.Sep 16, 2023 - Fri.Sep 22, 2023

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IRS freezes ERC: What you need to know in less than 3 minutes

Blake Oliver

The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown , including new criminal probes, longer processing times, and options for withdrawing improper claims. If you liked this update, subscribe to The Accounting Podcast on Apple Podcasts , Spotify , or wherever you listen to podcasts.

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IRS to reduce audits of EITC claimants

Accounting Today

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

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Xero Beautiful Business Fund: Meet our global judges

Xero

The application period for the Xero Beautiful Business Fund will be wrapping up a few short weeks! To help us select the winners of the 2023 Xero Beautiful Business Fund, we’ve lined up a stellar list of regional and global judges. The judges represent small businesses, accountants and bookkeepers and Xero’s global partners. They will play a key role in evaluating the entries to help our small business winners achieve their ambitions.

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5 Essential KPIs to Track for Your Growing Business

Accounting Department

As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial in assessing the performance of your business, determining the areas that need improvement, and making informed decisions.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Fidesic Features Spotlight: Vendor Portal

Fidesic blog

It’s time to check out our feature of the month in the Fidesic app. Today we are putting the spotlight on our Vendor Portal.

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IRS moratorium on new ERC claims puts spotlight on preparers

Accounting Today

The Internal Revenue Service is encouraging employers to work with qualified tax professionals rather than shady promoters.

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How Outsourced Client Accounting Services Can Help You Maximize Efficiency

Accounting Department

In today's fast-paced business environment, maximizing efficiency is key to staying competitive and achieving sustainable growth. One area where businesses can significantly streamline their operations is within their accounting department. By outsourcing these functions to client accounting service experts, organizations can focus on their core activities while benefiting from enhanced accuracy, improved financial processes, and valuable time savings.

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QuickBooks Pro vs. Pro Plus – What are the Differences?

Ace Cloud Hosting

When it comes to managing your business finances, QuickBooks is a name that needs no introduction. Yet, within the QuickBooks ecosystem, there are versions catering to specific business needs. Among.

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Tax educator Sidney Kess dies at 97

Accounting Today

Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.

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The Guide to Organizing Financial Documents Like an Financial Expert

LedgerDocs

Bookkeepers are the financial defense line of businesses. They are responsible for maintaining accurate and organized records to ensure that the organization remains compliant with tax regulations and allows for all employees of the company to locate critical company history easily. The efficiency in organizing financial documents, such as tax records, invoices, receipts, bank statements, and reports can make a significant difference on their own efficiency and success and the organization’

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Celebrate Your Team: Finance & Accounting Appreciation Week 

AvidXchange

T h e I n s t i t u t e o f F i n a n c e & M a n a g e m e n t (IOFM) ’ s Finance & Accounting Appreciation Week is September 25-29, 2023. Now’s the time to order treats and circulate cards for your hard-working accounts payable (AP) team. AvidXchange’s own Rhonda Greene, principal solutions consultant, said it best: “I’ve never worked with an AP person that didn’t want to make a difference.

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Challenges and Solutions in Adopting AI for Small and Medium Accounting Firms

Dext

Like the rest of us, you keep hearing about AI — everywhere. You’re intrigued, but also a tad sceptical. You might be thinking, artificial intelligence sounds like a big league play. And, after all, how would it affect your business? Well, hold that thought. If you’re curious, stick around.

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IRS sets up unit to focus on tax compliance at pass-throughs

Accounting Today

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

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Accounting Tips for Engineering Companies

CSI Accounting & Payroll

Engineering companies face complex issues for clients, and your accounting can be equally as challenging. Depending on the size of your company, you may have different concerns. At CSI Accounting & Payroll, we've worked with engineering companies for over 50 years. We know that keeping on top of your accounting is not as straightforward as it is for some other small businesses.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Examining the Build-to-Rent Phenomenon 

AvidXchange

Build-to-rent (BTR) is a hot topic in real estate today. Many adjacent industries, including property management, community association management, construction and lending, are starting to see related impacts as well. AvidXchange recently hosted a webinar on build-to-rent trends , “The Build-to-Rent Revolution: Unlocking the Future of Housing.” Panelists included: Chelsa Fenner, Regional Vice President, Community Association Management Services (CAMS) John Azar, Founder and Managing Part

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How Do You Move Transactions from Your Bank into QuickBooks Online?

Reconciled Solutions

QuickBooks Online makes it easy to move transactions over from your bank, but be sure you know how the site handles them once you’ve moved. The post How Do You Move Transactions from Your Bank into QuickBooks Online? appeared first on Reconciled Solutions.

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Helping clients recover from tax scams

Accounting Today

Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.

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7 Accounting and Payroll Best Practices for Insurance Agents

CSI Accounting & Payroll

As an insurance agent, you understand the importance of protecting one's assets. That’s why your clients rely on your expertise when it comes to covering their health, vehicles, homes, businesses, and other important aspects of their lives. Why not have the same protection for your agency’s finances? Professional accounting and payroll helps you to avoid financial surprises and covers you when issues or opportunities do arise.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Operational audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Operational Audit? An operational audit is an examination of the manner in which an organization conducts business, with the objective of pointing out improvements that will increase its efficiency and effectiveness. This type of audit is substantially different from a normal audit , where the objective is to examine the adequacy of controls and to evaluate the fairness of presentation of the financial statements.

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The ERC Jumps The Shark with Snoop Dogg Deepfake

Cloud Accounting Podcast

Buckle up for a wild ride covering everything from brazen ERC scams to cutting-edge AI. Join Blake and David as they expose the rampant fraud sucking billions from the federal coffers. You'll hear an unbelievable voicemail scam promising gangbusters refunds—could it really be Snoop Dogg or is your mind playing tricks? Fast forward to the bleeding edge of technology with jaw-dropping examples of AI voice and face swapping.

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FTC warns prep companies about misusing customer data

Accounting Today

Five tax giants received a shot across the bow from the Federal Trade Commission.

Tax 321
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Canon imageFormula R40 Receipt Edition

Insightful Accountant

Murph checked out the Canon imageFormula R40 Receipt Edition for QuickBooks Online. See how it captures receipts, extracts key data, and sends the data and image to QuickBooks in a few clicks, and handles other documents just as well.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Total assets definition

Accounting Tools

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Balance Sheet What are Total Assets? Total assets refers to the total amount of assets owned by a person or entity. Assets are items of economic value, which are expended over time to yield a benefit for the owner. If the owner is a business, these assets are usually recorded in the accounting records and appear in the balance sheet of the business.

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Headlines: IRS Freezes ERC

Cloud Accounting Podcast

The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown, including new criminal probes, longer processing times, and options for withdrawing improper claims. Show Notes Employee Retention Credit Eligibility Checklist: Help understanding this complex credit [link] Red flags for Employee Retention Credit claims; IRS reminds businesses to watch out for w

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Navigating crypto accounting within the GameFi landscape

Accounting Today

Gaming Finance represents a radical departure from conventional gaming models. It's a concept that doesn't just entertain players; it empowers them economically.

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Roman Kepczyk | The Power of Cloud Solutions for Accounting Firms of All Sizes

Insightful Accountant

Gary DeHart and Roman Kepczyk, CPA, discuss the importance and advantages of hosted/remote/cloud based solutions for accounting firms of all sizes.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Capitalization limit definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is the Capitalization Limit? The capitalization limit is the amount paid for an asset , above which an entity records it as a long-term asset. If an entity pays less than the capitalization limit for an asset, it charges the asset to expense in the period incurred. This limit is imposed in order to reduce the record keeping associated with long-term assets.

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9 Best Client Accounting Services Software for Modern Firms

Jetpack Workflow

When you’re already busy running a growing accounting firm, you probably don’t need another article covering the essential accounting tools every firm needs. However, using client accounting services (CAS) software may be helpful as you scale your advisory business. CAS software includes tools for collecting recurring payments, providing your team with a modern sales experience, and staying organized with service fulfillment.

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The Leadership Files: Avani Desai 

Accounting Today

For the head of Top 100 Firm Schellman, leadership starts with self-aware people who don't hesitate to challenge the status quo — or their leader.

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Sorry Folks, my bet didn't play out.

Insightful Accountant

Murph bet on Intuit releasing QuickBooks Desktop 2024 by Sept. 20th, and now he has 'egg on his face', not to mention a bunch of bookies to pay off, and apologies to you.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.