Fri.Dec 20, 2024

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The Ultimate 1099 Checklist Template Every Accountant Needs

Canopy Accounting

Dont miss a step when it comes to handling 1099s! This Ultimate 1099 Checklist Canopy Template saves the day, making the process smoother, faster, and more organized than ever. Managing 1099s can be daunting without a structured approach. With this streamlined 7-phase template, youll have everything you need to simplify vendor management, ensure data accuracy, and boost client collaboration for timely and accurate filings.

Account 52
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AI in FP&A: The Future of Financial Decision-Making

Acterys

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. And you would be absolutely correct in making that association. The launch of ChatGPT has taken the world by storm. Its success has kickstarted an AI race that has compelled almost every company to embed artificial intelligence and machine learning algorithms into their software architecture to mirror the same level of agility and productivity.

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Alternative investments tax pros need to know

Accounting Today

These strategies are more than just smart tax moves; they're powerful tools for reshaping financial outcomes.

Tax 122
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The Guide to 2025 Tax Season - Business Updates

Canopy Accounting

Identify and comprehend the latest updates and changes in tax laws for the upcoming 2025 tax year.

Tax 98
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Building a Business Case for Finance Automation

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Tax Fraud Blotter: Crooks R Us

Accounting Today

The shadow knows; body of evidence; make a Note of it; and other highlights of recent tax cases.

Tax 119
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Case Study: Enhancing Financial Processes for Growth and Audit Readiness

Withum

The Client The client is a technology company that provides a streaming SQL database for real-time applications, live dashboards and streaming data pipelines. With a global presence and growing operations, the client faced various accounting challenges that required professional expertise to address. The Challenge The client faced several accounting challenges that needed to be addressed to ensure their financial records were accurate and compliant.

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Proactive measures to address the corporate tax talent crisis

ThomsonReuters

Blog home Is your tax team struggling to retain top talent? Is this affecting your departments’ ability to stay ahead of evolving tax requirements and keep pace with emerging technologies? If so, your organization is not alone. Our recent Corporate Tax Report survey revealed significant talent shortages within tax departments over the past year, expanding upon the rippling organizational effects.

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Accounting in 2025: The year ahead in numbers

Accounting Today

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

Account 75
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A Christmas Carol for Finance Teams: Unwrapping the Challenges of 2025

Accounting Insight

As the festive season approaches and businesses wrap up another financial year, the gift of insight is top of the wish list for UK finance leaders. However, new research from award-winning cloud accounting software provider, iplicit, reveals that finance teams may need more than the Christmas spirit to tackle the top challenges of 2025. Among the key concerns for finance leaders are cybersecurity threats (38%), economic volatility and its impact on financial decision-making (36%), and understand

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Top Remote Accountants of the Week | December 19, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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FASB Seeks Comments on Proposal to Change Environmental Financial Accounting Disclosures

CPA Practice

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations.

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SEC charges Entergy with internal accounting controls violations

Accounting Today

Entergy Corporation, a Louisiana-based utility company, paid the Securities and Exchange Commission $12 million to settle charges of internal accounting controls violations.

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PKF O’Connor Davies Opens New Office in Fort Lauderdale

CPA Practice

The offices numerous amenities, including a designated meeting space and caf, further enable the organizations client-centric focus and strengthen its ability to serve as a trusted, valued advisor.

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The Ultimate Guide to Email Marketing for Accounting Firms

Ryan Lazanis

Email marketing for accounting firms can be intimidating. I get it. As an accountant by profession, you likely didnt receive […] The post The Ultimate Guide to Email Marketing for Accounting Firms appeared first on Future Firm.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Tech news: Wolters Kluwer launches conversational AI feature

Accounting Today

Wolters Kluwer launches conversational AI feature in CCH Connect; HubSync adds bevy of new enhancements to suite; Crowe announces cyber risk analysis solution; and other accounting tech news.

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Xero's Future Unveiled: AI, CAS, and Regional Expansion Plans for 2025 with Ben Richmond

Insightful Accountant

Join us as Ben Richmond, Xero's newly appointed Managing Director for North America, shares key updates and the future direction of Xero's platform during the Product Update and Strategy Discussion meeting.

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Why Real Product Sales Don’t Occur In MLMs

FraudFiles

Multi-level marketing companies (MLMs) like to refer to themselves as Direct Sales companies, because this puts the focus on the sale of the product or service, and takes focus off the business of recruiting. Ive been researching MLMs for more than 20 years, and Ive found that companies use the product or services simply as [.

Sales 52
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Managing Stress, Prioritizing Wellness, And Spreading Holiday Cheer

Randal DeHart

The holiday season is usually filled with joy and celebration. Still, it can also bring significant stress for construction business owners. With project deadlines, year-end financial tasks, and the hustle and bustle of the festivities, it's easy to feel overwhelmed. Here are some strategies to help you manage stress and prioritize your well-being during this busy time of year. 1.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Pro Tips for CRM Setup in Chemical Manufacturing

Withum

In our previous article, Optimizing Sales and Efficiency in Chemical Manufacturing Through CRM Solutions , we explored the important role CRM plays in enhancing chemical manufacturing operations by optimizing sales, improving customer relationships and ensuring regulatory compliance. Now, let’s dive deeper into the next step: setting up CRM effectively.

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Expert advocates 1099 reporting automation to ease compliance burden

ThomsonReuters

As the information return tax filing season approaches, businesses encounter the complex challenges of 1099 reporting. IRS data reveals that for the tax year 2022, over 72.3 million Forms 1099-NEC and more than 43.8 million Forms 1099-MISC were filed. This represents a significant increase of nearly 30 million form submissions compared to a decade ago, when Form 1099-MISC was also used for non-employee compensation reporting.

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Overview of Intuit Connect 2024 Conference- The Accounting Technology Lab Podcast – Dec. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston continue their travels to the largest conference for accounting professionals, and provide a recap of the 2024 Intuit Connect user conference.

Account 40
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Boomer's Blueprint: The attributes of an 'Exponential Organization'

Accounting Today

Adopting ExO attributes isn't just a way to boost profits; it's a pathway to attract top talent and engage clients looking for forward-thinking solutions.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Friday Footnotes: PwC Makes Things Harder For Firms in China; AICPA Fights Against New PCAOB Reporting Rule; Accounting < HR | 12.20.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.