Mark Lee

NOVEMBER 26, 2024

Accountants have a distinct advantage over many other professionals. Your clients need your help regularly, at least annually—often more. This repeat engagement gives you a natural opportunity to build strong, long-lasting relationships. However, it can also lead to complacency. Unlike solicitors or financial advisers, accountants often assume their clients will stick around as long as there’s no grumbling.

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Acterys

NOVEMBER 26, 2024

Pay equity represents a strategic opportunity to drive tangible business benefits — if approached with the right framework and tools. But, although many business leaders report seeing the value in pay equity, many still haven’t elevated it to a priority level. For 71% of business leaders , implementing pay equity initiatives is a reactionary compliance exercise rather than a strategic initiative.

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TaxConnex

NOVEMBER 26, 2024

Hard to believe Turkey Day is here again. Harder still to believe some of the strange sales tax laws that come with it. Those laws depend on where you’re eating. So as you plan to arrive at your family’s early, marvel that the Detroit Lions are actually good and get ready to send the stuffing around again, chew on these sales tax considerations associated with the feast.

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BurklandAssociates

NOVEMBER 26, 2024

Patents aren’t just paperwork—they’re power moves. Learn how to leverage them for your startup’s success. The post Patents as Strategic Leverage for Startups: Insights from Jeff Schox appeared first on Burkland.

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Advertiser: Paycor

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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CPA Practice

NOVEMBER 26, 2024

Tax reporting requirements for online marketplace sellers and gig workers who receive payments via apps like PayPal and Venmo will change dramatically in 2026 when the new $600 Form 1099-K reporting threshold kicks in. The IRS announced on Nov. 26 that payment apps and e-commerce marketplaces like Amazon, eBay, and Etsy—referred to by the agency as “third-party settlement organizations” (TPSOs)—will be required to report transactions when the amount of total payments for those transactions is mo

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Accounting Today

NOVEMBER 26, 2024

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold.

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Accounting Today

NOVEMBER 26, 2024

A pending proposal from the Streamlined Tax Governing Board would let businesses that haven't been remitting sales tax come in from the cold.

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ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. Defined as the systematic process of managing all tasks involved in the preparation, filing, and review of tax returns, today’s tax workflow encompasses AI-powered tools, processes, and procedures used by tax professionals to complete their work efficiently and accurately.

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Accounting Today

NOVEMBER 26, 2024

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

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Basis 365

NOVEMBER 26, 2024

If you’re looking to generate more profit to fund operating expenses, pay your team more, offer better benefits, and fuel growth—while still keeping more profit for yourself—it’s time to focus on key financial and pricing drivers. Here are actionable strategies to help you improve your gross profit margins and achieve your goals. When people talk about profit, it can mean different things depending on the context.

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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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Accounting Today

NOVEMBER 26, 2024

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.

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CPA Practice

NOVEMBER 26, 2024

Updated: Nov. 26, 2024 Thanksgiving and Christmas are here, and that means the end of the year is coming up soon, and tax season will follow soon after. Although Americans dislike the IRS and bemoan taxes, many millions actually look forward to getting a tax refund, and start thinking of how they will spend it. Vacation time? Pay off bills? [ Jump to the estimated refund date chart below or just scroll down.

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Reckon

NOVEMBER 26, 2024

Seasons greetings! The holiday season is upon us, and the new year is fast approaching. 2024 was packed full of challenges and successes, so at Reckon, the leadership team wanted to share with you our holiday messages: Sam Allert, Chief Executive Officer 2024 has been another year full of challenges and victories. A major milestone for me personally would have to be the pride in my daughter for finishing and graduating high school.

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CPA Practice

NOVEMBER 26, 2024

Staff report News-Topic, Lenoir, N.C. (TNS) WASHINGTON — The Internal Revenue Service, working with the Security Summit partners, announced a special awareness week focusing on taxpayers and tax professionals to protect sensitive financial information from identity thieves and tax scams as the holidays and the 2025 tax season approach, according to a press release from the IRS.

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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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Insightful Accountant

NOVEMBER 26, 2024

In this episode of the Accounting Insiders Podcast, host Gary DeHart interviews Margie Remmers-Davis, CEO and founder of Akadian Accounting Education. Margie shares her inspiring journey to the development of her training programs.

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CPA Practice

NOVEMBER 26, 2024

The Financial Accounting Standards Board (FASB) has published an Accounting Standards Update (ASU) that improves the relevance and consistency in application of the induced conversion guidance in FASB Accounting Standards Codification Subtopic 470-20, Debt—Debt with Conversion and Other Options. Current generally accepted accounting principles (GAAP) provides guidance for determining whether a settlement of convertible instruments at terms different from the original conversion terms should be a

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Accounting Insight

NOVEMBER 26, 2024

Feeling financially confident is energising. For sole traders and SMB owners, knowing you’ve organised your finances to work for you not only gives peace of mind but also the freedom that keeps you doing what you love, even better. But keeping up with financial admin, including submitting your Self Assessment, can be a stressful and unwanted distraction.

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CPA Practice

NOVEMBER 26, 2024

Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Watch the video, or listen to the audio podcast below (transcript below): – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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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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Accounting Today

NOVEMBER 26, 2024

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features that have become more prevalent.

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CPA Practice

NOVEMBER 26, 2024

By Lane Gillespie Bankrate.com (TNS) Social Security has been an important safety net for Americans for nearly 90 years, and today, the majority of Americans expect to rely on it when they retire. However, a new Bankrate survey shows many people are concerned they won’t receive those benefits once they reach retirement age. More than half (53%) of Americans who haven’t retired yet say they expect to rely on Social Security benefits to pay their necessary expenses once they retire, according to B

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ThomsonReuters

NOVEMBER 26, 2024

Jump to ↓ How GenAI empowers small accounting firms Practical steps for integrating GenAI into small firm operations Are you ready to integrate GenAI into your small accounting firm? No matter the size of your accounting firm, GenAI offers a transformative opportunity for operational efficiencies and sustainable growth. From automating routine tasks to enhancing tax research, AI-powered tax technology can provide significant strategic advantages, particularly for small accounting firms.

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CPA Practice

NOVEMBER 26, 2024

Filing the Final Income Tax Return By Ken Berry Losing a loved one is never easy. In addition to the emotional distress, you may have some financial concerns, especially if you’re the executor of the deceased relative’s estate. Which begs the question: Does a tax return have to be filed on behalf of the relative? The answer—unequivocally—is “yes.” But there’s more to this than first meets the eye.

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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

Sales

Anders CPA

NOVEMBER 26, 2024

As the year comes to a close, family foundations have an important opportunity to review their governance practices, ensure compliance, and refine strategies to better align with their philanthropic missions. A proactive year-end review can help minimize risks, maximize impact, and prepare for future success. Below, we outline key best practices to guide your family foundation’s governing board.

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CPA Practice

NOVEMBER 26, 2024

Consumers are expecting to spend a record average of $650 during the Black Friday-Cyber Monday (BFCM) shopping period—from Thursday, Nov. 28 to Monday, Dec. 2—up 15% from last year, according to a new survey from Deloitte. The Big Four accounting firm polled 1,200 consumers between Oct. 16 and Oct. 24 for its 2024 Black Friday-Cyber Monday Survey , which examines what retailers can expect from shoppers between Thanksgiving and Cyber Monday.

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Canopy Accounting

NOVEMBER 26, 2024

Working on 1099s can feel overwhelming—especially with the time it takes to double-check everything. Typically, we need to pull up the Profit and Loss report and the 1099 Vendor list to compare data and ensure it aligns. But I've got a game-changing trick for you! With this tip, you can see the vendor, account, and 1099 information in one custom report, making it easier to share with clients for approval.

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CPA Practice

NOVEMBER 26, 2024

By Ted Rossman Bankrate.com (TNS) There are plenty of conversational landmines to avoid around the holiday dinner table. Money leads the way, according to a recent Bankrate survey. We found that only 38% of U.S. adults are comfortable discussing their bank account balances with family members and close friends. Fewer than half (47%) are comfortable discussing their love lives, and just 52% are comfortable talking about their credit card debt.

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Summit CPA

NOVEMBER 26, 2024

The remote work debate shows no sign of slowing. With enough dueling “productivity” statistics to fill the headlines for the foreseeable future, what’s more interesting is to ask: What do successful remote-first companies have in common?

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CPA Practice

NOVEMBER 26, 2024

By Katie Kelton Bankrate.com (TNS) Imagine you’ve got the perfect holiday gift idea for your kiddo, but it’s sold out in stores. Luckily, you found a seller online who can ship the gift for a low price! They send you a link to their digital payment account so you can pay for the gift in advance. After all, the item is popular, and you want to get it before someone else does.

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Insightful Accountant

NOVEMBER 26, 2024

We here at Insightful Accountant wish you, your family and friends, a Happy Thanksgiving. We are thankful for the trust and confidence you have shown in us.

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Accounting Today

NOVEMBER 26, 2024

Tesla Inc.'s electric vehicles would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting him against Elon Musk.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.