Tue.Dec 26, 2023

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Maintaining financial transparency in business

Accounting Today

When companies can accurately portray their financial health, it becomes easier for them to establish credibility, build relationships with stakeholders and access capital.

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Listeners’ Favorites: Our Top Podcast Episodes of 2023

BurklandAssociates

Thank you to all the experts throughout the startup ecosystem who joined our Startup Success podcast in 2023 to share knowledge and insights. The post Listeners’ Favorites: Our Top Podcast Episodes of 2023 appeared first on Burkland.

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IRS falls behind on tax return scanning goal

Accounting Today

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

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Accounting Firm Holiday Parties Used to Be Wild

Going Concern

The following post about a rowdy accounting firm holiday party was originally published on December 17, 2014. For more reading on holiday parties of yore, see this r/accounting thread from six years ago: Christmas Party Stories. My Firm Holiday Party is a Teaching Moment For What Not to Do at a Firm Holiday Party By Leona May One year at my firm, we had a Christmas party at the nicest hotel in the city.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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Murph hosts a ProAdvisor Meetup for January's QB Talks

Insightful Accountant

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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2024 Tax Refund Dates – How to Estimate When to Expect a Refund

CPA Practice

Updated: Dec. 26, 2023 , 9:31 pm ET. It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays).

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The 20 least financially savvy states

Accounting Today

The bottom state in the ranking received a total score for financial literacy of 51 out of 100.

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5 SMB Trends to Expect in 2024

AccountingDepartment

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

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New opportunities and challenges for construction clients

Accounting Today

Federal money is keeping construction businesses busy, but comes with its own complications.

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Mastering TRID Tolerance Buckets: Avoid Penalties from These Common Errors

Anders CPA

The Truth-in-Lending RESPA Integrated Disclosure Rule ( TRID ) has been in effect since October 2015. With almost a decade to learn the ins and outs of the disclosures required under the rule , most lenders are aware that it’s imperative to disclose fees as accurately as possible to avoid errors that could create potential tolerance cures. To highlight the common errors that can lead to reimbursement scenarios, the three different tolerance buckets are explored in depth below.

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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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IRS plans rules to clarify R&D expensing

Accounting Today

The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.

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Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099.

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Where's AI going, anyway?

Accounting Today

What does the future hold for AI and accounting? While predictions over the long term are dicey, Accounting Today asked AI experts what people may see in the short term.

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Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099.

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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.

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Telling the IRS from the crooks — and how to fight back

Accounting Today

More and more fraudsters are impersonating the IRS, so taxpayers need to know how to tell the difference, and what to do if someone tries to scam them.

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Unleashed Software @ QuickBooks Connect 2023

Insightful Accountant

Unleashed is cloud-based inventory management software that unlocks your cashflow and saves time – so you can concentrate on growing your business.

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IESBA makes progress on sustainability and tax ethics standards

Accounting Today

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

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A&E Industry Trends for 2024

GrowthForceBlog

7 min read In collaboration with the American Council of Engineering Companies (ACEC), Association of Consulting Engineering Companies Canada, American Institute of Architects (AIA), and Society for Marketing Professional Services (SMS), the software company, Deltek recently released the results of its 43rd annual report, Clarity: Architecture & Engineering Industry Study.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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Leonard Green to buy Iris Software stake at £3.2B value

Accounting Today

Iris supplies software for the U.K. accounting, payroll, human resources and education sectors.

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Technology you don't have, but probably should

Accounting Today

You may have been up to date yesterday, but there's probably an advance in current technology, or an entirely new technology, that can help you or your clients be more accurate, and more productive.

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Demystifying alternative risk transfer programs and their tax consequences

Accounting Today

ART programs provide a number of benefits, including more control over premiums and a more stable renewal process. However, the tax consequences require a thorough vetting.

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You're doing it wrong: Annual portfolio rebalancing isn't enough

Accounting Today

Technology helps financial advisors unlock much more value by being able to switch up clients' buckets of investments at any time throughout the year.

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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Tax Strategy: Self-employment tax and limited partners

Accounting Today

In a recent case, the Tax Court addressed the issue of when limited partners may be subject to self-employment tax.

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