Sat.Aug 06, 2022 - Fri.Aug 12, 2022

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5 Reasons to Consider Outsourcing Your Accounting

AccountingDepartment

As a company grows and evolves, business leaders and key personnel may spend more and more time devoted to bookkeeping and accounting activities than they would prefer. Some small business owners spend more than half their time managing the company's finances.

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Sales tax is a tricky world

TaxConnex

A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated. New York: An appeals court ruled last month against a company that claimed eligibility for sales tax refunds on several purchases of concrete. The petitioner argued that its purchases of concrete were for a nontaxable service provided by the seller that would also provide the installation of capital improvements to real property, rather than a taxable delivery of

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Why Your Accounting Firm Needs a Blog and How To Get Started | Canopy

Canopy Accounting

Content marketing is a tool that can help increase traffic to your website, build trust with your audience and boost SEO rankings. Let’s take a look at how these things can be accomplished.

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10 Critical Elements Your Website Must Employ Today

DuctTapeMarketing

10 Critical Elements Your Website Must Employ Today written by John Jantsch read more at Duct Tape Marketing. Many people assume that a website's purpose is to get new clients. Just create high-quality product pages, write a little content, add a CTA button then sit back and see if it works. Yet the primary goal of a website isn’t only to obtain new clients.

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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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Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and

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5 Ways to Stop Employees from Colluding in Fraud

RogerRossmeisl

What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median loss skyrockets to $145,000.

More Trending

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IRS expands crypto question on draft version of 1040

Accounting Today

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Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and

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A Candid Talk with Ford CEO Jim Farley on Ford’s EV Future

RogerRossmeisl

As posted to the Munro Live YouTube Channel on 8/1/2022 (Run Time 49 min, 46 sec) Ford CEO Jim Farley, Linda Zhang (F-150 Chief Nameplate Engineer), and Doug Field (Chief Officer of EVs and Digital Systems) deliver Munro & Associates a Ford F-150 Lightning and sit down for a down-to-earth interview with Sandy Munro to discuss, among other things, urgent changes necessary to avoid a financial calamity in the transition to EVs.

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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Holiday hucksterism? State sales tax holidays fail to live up to the hype. That’s the consensus of a recent report from the Institute on Taxation and Economic Policy, which notes that “so far this year 20 states have decided to forgo a combined $1 billion in vital tax revenue?

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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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How Do You Know When It’s Time to GTFO of Big 4? One Manager’s Opinion

Going Concern

Came across this on r/big4 this morning, let’s remember half of what you see on Reddit is just someone’s creative writing exercise and people who claim to make $200k/yr are often 14-year-old larpers but hey what kind of weirdo would pretend to be a Big 4 manager on the internet. Read on. I don’t think that this is talked about enough, and as a manager, I wanted to give my two cents on what I wish I was told back when starting my career.

Start-ups 122
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AICPA demands IRS pick up the phone faster for tax pros

Accounting Today

Tax 116
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Valuators Know How to Evaluate Compensation Levels

RogerRossmeisl

Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes and other litigation matters involving the value of a private business. What’s appropriate depends on the facts and circumstances. Applying federal tax guidance The IRS is on the lookout for C corporations that pay employee/shareholders excessive salaries in place of dividends.

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'I want my old Gmail back!' Okay, Here's How.

Intuitive Accountant

So, you want to go back to those old Gmail days? You can roll back to the Gmail you loved in just a few clicks.

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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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Word Hits TikTok That Big 4 Firms Are Cheap Bastards, “It’s Modern Day Slavery”

Going Concern

Deloitte Australia is trying to be transparent by releasing salary data but apparently this tactic isn’t working, not with Daily Mail writing headlines like Young Aussie reveals why many millennials no longer want to work in corporate jobs – after boomers said the generation was ‘lazy and entitled’ that is. Here’s the TikTok that inspired such dramatics: @gowokegobrokeaus Tell me how it makes sense #big4 #deloitte #fyp #graduate #work #commentator #corporatelife #co

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Limited liability companies should consider C corporation tax elections

Accounting Today

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QuickBooks Desktop Price Increase with 2023 Scheduled Release

Insightful Accountant

QuickBooks Desktop Pricing will increase with the scheduled release of the 2023 products.

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QBO Monday Minute: New QuickBooks Online Navigation View

Intuitive Accountant

With a QBO new menu set to roll out, Liz Scott takes a look at a couple of the features and how they will help benefit you in the long run.

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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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The Rule of Life by Kurt Vonnegut

Withum

“Hello, babies. Welcome to Earth. It’s hot in the summer and cold in the winter. It’s round and wet and crowded. At the outside, babies, you’ve got about a hundred years here. There’s only one rule that I know of, babies—: “‘…you’ve got to be kind.'” This is from God Bless You, Mr. Rosewater by Kurt Vonnegut.

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State sales tax rates hit historic high

Accounting Today

Sales 105
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ICYMI: There Was an Excel All-Star Battle on ESPN

Going Concern

3 Excel tasks, 1 winner. All-star Excel esports battle! Excel esports on ESPN show world the pain of format errors [ Ars Technica ]. The post ICYMI: There Was an Excel All-Star Battle on ESPN appeared first on Going Concern.

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Intuit Announces New Desktop Payroll Changes

Intuitive Accountant

The global technology platform also has announced changes to QuickBooks Desktop Payroll Subscriptions and Pricing for 2023.

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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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Small Business Owner’s Equity Guide

xendoo

If you’re a small business owner, you know that keeping track of all the moving parts can be challenging. Most small business owners keep track of their profit and loss statement , but the owner’s equity is equally important (and often overlooked). . In this guide, we will explain what owner’s equity is and how to calculate it. We will also give tips on how to grow your equity and protect it from potential risks. .

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Burnout is not a badge of honor

Accounting Today

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Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte

Going Concern

Why do people post this crap on LinkedIn. via r/accounting. Thanks for doing your part to feed the pipeline, ma’am. The post Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte appeared first on Going Concern.

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Guess What? People Die and Leave a Mess for Us to Handle

Intuitive Accountant

Internationally renowned ProAdvisor Esther Friedberg Karp shares a personal—and prevalent—story about why you (accountants, advisors, family) need to be prepared when the inevitable happens.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Four tips to help you ace your Xero Award nomination

Xero

The Xero Australia Awards are back for another year! That’s right, this is a chance to showcase your achievements, benchmark your business against the industry, and be in the running to win an exclusive awards experience. . Like last year, we have 13 major categories. These are designed to recognise the diversity (and talent) of our business community.

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Offshoring: Not New… but Increasingly Mainstream

PANALITIX

RESOURCES / ARTICLES. Offshoring: Not New… but Increasingly Mainstream. We are helping lot of Accountants with outsourcing their work, especially to ‘offshore’ locations. This is not a new topic… but there is more momentum than ever before so let’s look at offshoring in more detail. Why consider offshoring in the first place? Here are our top 6 reasons: 1.

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Listicle of the Day: INSIDE Public Accounting’s Top 500 Firms For 2022

Going Concern

If there’s anything we love here at Going Concern it is an accounting firm dick-measuring contest. Or a “p **g match” should you prefer a milder phrase. Whatever you call it, we love when firms are pitted against one another based on impartial metrics like revenue. INSIDE Public Accounting has blessed us with a fresh Top 500 Firms list which means lots and lots of measuring. 500!

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Keeping Mentally Sharp

Intuitive Accountant

During the brutal busy season, accounting firms must support their staff more than ever.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.