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This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work. Then you’ll love this new guide. Let’s get started. Table of Contents.
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available to employers that hire workers from targeted groups who face significant barriers to employment. The credit is worth as much as $2,400 for each eligible employee ($4,800, $5,600 and $9,600 for certain veterans and $9,000 for “long-term family assistance recipients”).
I’m pleased to let you know t hat today we announced the appointment of Sukhinder Singh Cassidy as Xero’s new CEO, on 1 February 2023. Sukhinder will succeed Steve Vamos who after serving almost five years as CEO, is retiring from the role and plans t o return to his previous portfolio in business coaching and leadership development as an advisor, director and investor.
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2022. Many taxpayers won’t itemize because of the high 2022 standard deduction amounts ($25,900 for joint filers, $12,950 for singles and married couples filing separately and $19,400 for heads of household).
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Charitable contributions can be an effective way to lower taxes for the current tax year, but they don’t necessarily have to be made with cash. Charities also welcome donations of company stock, which offer a hidden bonus to donors if the shares have appreciated in value over the years. To reap the tax benefits on private stock donations, however, it’s essential to obtain a business valuation from a “qualified appraiser.
RC Reports' Paul Hamann takes a deep dive into another approach your firm can use to drive profits. Sign up for the Nov. 30 Future Forward webinar now.
One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation. According to the Small Business Administration, 18.5% of small employers structure as corporations.
Today we announced Xero’s half year financial results to 30 September 2022 (H1 FY23). . Xero continued to deliver strong growth momentum with more small businesses placing their trust in our cloud technology and open platform to run their business and meet critical compliance needs. . Our H1 FY23 performance highlights include operating revenue growing 30% (27% in constant currency) to $658.5 million, total customer lifetime value increasing 30% to $13 billion, and subscribers up 16% to 3.5 mill
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
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Withum is proud to share that CPA Practice Advisor named Jessica Offer on their annual 40 Under 40 List. As a Partner at Withum with over 12 years of experience, Jessica services clients primarily in the emerging and middle markets focusing on technology and emerging growth companies. As a known mentor and recipient of the Client Service Strength Award, she is a role model and resource for staff members, always ready to assist with engagements or personal development and coaching.
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Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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The holiday season is a time to celebrate and rejoice. Christmas parties and snow mark this time of year. This is when people spend money on presents for their family and friends. As a result, businesses have great opportunities to increase sales as millions of people converge on the streets. The large influx of people and rising demand encourages small businesses and the industry.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
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Today, more and more businesses are outsourcing different areas and departments to run their business leaner. Today's business owners can ultimately outsource anything.
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When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens. What is bad debt? Bad debt is when someone owes you money, but the debt becomes worthless (amounts to […] READ MORE.
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Top Accounting Services Technologies. Videoconferencing, online ordering, and virtual assistants have all made our personal and professional lives easier. So why couldn’t your accounting needs benefit the same way? Technology is transforming accounting services every day, and your business can take advantage of three major advancements.
Tyson Foods CFO John Tyson (yep, that Tyson) was arrested in Arkansas on Sunday after he allegedly got drunk and decided to take a nap in a stranger’s bed, probably naked. A police report says a the woman whose bed he passed out in found him snoozing at 2 in the morning, reeking of alcohol and generally out of it. mugshot courtesy Washington County Sheriff’s Office.
Two weeks ago, I suggested a way to make withdrawals from your asset base to cover living expenses. A few people emailed me asking about the 4% withdrawal rule. Basically, the 4% rule suggests that 4% of your assets are withdrawn every year to cover your living costs. The 4% is not a rigid amount, and different financial planners use it differently.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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