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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Maine Account accounted accountant 52

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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E-commerce income tax Tax 135

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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payroll audit 130

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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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.

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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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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Tax 126

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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Sales Tax Retail Government 122

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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Accounting Today

NOVEMBER 26, 2024

The IRS Advisory Council's annual report covered 37 different areas of concern and recommendations.

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tax preparation Tax 116

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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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

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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Tax 105

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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accounting and finance Gaming Finance Account 95

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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GrowthForceBlog

NOVEMBER 26, 2024

7 min read October 26th, 2024 We all understand the importance of wellness checkups for maintaining the health of our bodies. We visit the doctor regularly to ensure our ongoing well-being by checking in on our vital signs and laboratory test results to make sure our physical systems are functioning properly. We also use these appointments to check in on ongoing health challenges like chronic illnesses in addition to setting goals like losing weight, exercising more, or eating a more nutritional

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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.

Account

Accounting Today

NOVEMBER 26, 2024

Not everyone thinks PE is the 'greatest thing ever.' However, most agree it brought more positives than negatives.

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Account accounted accountant 78

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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Non-Profits Technology Tax tax planning 59

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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audit Account accounted accountant 75

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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Technology tax preparation accounting firms Tax 52

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.

Finance

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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accounting standards Account accounted accountant 75

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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quickbooks Gaming Account accounted 59

Accounting Today

NOVEMBER 26, 2024

A boutique accounting firm specializing in the restaurant industry has joined the Platform Business Advisors team.

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Finance accounting firms Account accounted 69

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 firms Technology Tax tax preparation 52

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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.

Technology

Accounting Today

NOVEMBER 26, 2024

Saving Social Security; sued over an address; more 5471 opinions; and other highlights from our favorite tax bloggers.

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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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Account accounted accountant 52

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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California Tax 52

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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bookkeeping Education Account accounted 52

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.

payroll

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 52

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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Government Education CPA 52

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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bookkeeping Hospitality Sales payroll 52

Accounting Today

NOVEMBER 26, 2024

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

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financial accounting Account accounted accountant 40

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.

Finance