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Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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Employee management tools to help your cash flow

Xero

Our ‘Money matters’ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit. Think: building rosters, managing timesheets, setting wages, processing payroll and communicating to your teams. That’s just the tip of the iceberg!

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Why now is a great time to try new reports in Xero

Xero

Today, we’re excited to share that we’ve hit a significant milestone on that project when it comes to reporting in Xero. We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports. Our teams have big plans to add even more reports and functionality in the future.

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Latest product news — October 2022

Xero

This includes new earnings categories in Xero Payroll to support Single Touch Payroll (STP) Phase 2 in Australia, as well as the launch of document packs in the UK to help advisors easily collate documents and get them electronically signed by clients. Bring saved layouts across to new reports — Global.

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Final Restaurant Revitalization Fund (RRF) SBA Report Due April 30, 2023 — Here’s How to File

Nancy McClelland, LLC

In this YouTube video , I demonstrate how to use the AICPA RRF tracker tool for SBA reporting. There were three SBA reporting dates: December 31, 2021; December 31, 2022; and a final report date of April 30, 2023 — which is fast approaching. A substitute Restaurant Revitalization Tax Credit bill is currently languishing.)

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Top accounting issues in 2023

ThomsonReuters

The question then becomes: how? To assist today’s firms, this article will provide an overview of some of the top accounting issues firms face and the solutions that can help them tip the scale in their favor. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader.

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Common mistakes in cash flow statements

ThomsonReuters

Cash flow statements are one of the three fundamental financial statements used, alongside income statements and balance sheets. Cash from investing activities: Essentially, any item that is classified on the balance sheet as a long-term asset could fall under investing activity. Therefore, cash flow statements must be accurate.