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With inflation discussions dominating the conversation today, it is more important than ever to decrease your days sales outstanding (DSO). This not only increases your cash flow but reduces the risk across your business. One way to help ensure more customers pay on time (or sooner) is to increase the payment methods available to your customers. And choosing the right payment service can be complicated, especially when the options come with so many different terms.
As far as the IRS is concerned, not all tax scams should be treated equally. Last month the Service announced which scams made the list comprising the IRS’s “Dirty Dozen” for tax season 2022, meriting extra scrutiny. Included on the list is a wide range of tax evasion tactics. This article highlights four of them, namely syndicated conservation easements, micro-captives, return nonfiling, and secreting assets. .
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1st Step Accounting's Nayo Carter-Gray has all the information you need to thrive in today's digitally paced landscape. Sign up for her webinar, 'Taking Your Firm Virtual,' and see why it's time to embrace the cloud.
1st Step Accounting's Nayo Carter-Gray has all the information you need to thrive in today's digitally paced landscape. Sign up for her webinar, 'Taking Your Firm Virtual,' and see why it's time to embrace the cloud.
It was so exciting to be back on stage at Xerocon London this morning for the first time in nearly three years. I’ve really missed the opportunity to connect in person with our amazing accounting, bookkeeping and app partner communities — especially on such a large scale. I was also really excited about one of the reasons I was on stage — to unveil the early release of Xero Go , a new mobile app we’ve developed to help ease the burden of financial admin for sole traders in the UK.
Entrepreneurs usually don’t go into business to spend all their time doing accounting. So, if you’re like most business owners, you may not necessarily be familiar with the options in accounting methodologies. Accrual accounting is one of the two common methods used. The other is cash accounting. Here’s a look at the pros and cons of the accrual accounting method, to help you understand the advantages it offers over the cash accounting method for many companies.
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.
Today, we kicked off Xerocon London 2022 and it was clear from the excitement and buzz at the event that our accountants and bookkeepers, app partners and exhibitors were as happy as we were to come together again as a community. Thank you to the more than 2,000 delegates and app partners who joined us today. . I opened the event outlining our vision and the steps we are taking to become the most trusted and insightful small business platform.
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Across all industries, businesses will run into necessary yet time-consuming repetitive tasks. The same is true for those in the accounting industry. So, what can you do to ease the burden? Well, thankfully there is an answer—automation. Research shows that at about 60% of jobs, about 30% of the activities completed can be automated. Industry trends show that accountants are already adopting automation into their workflow.
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.
Occupational fraud is detrimental to an organization, impacting both internal operations and external reputation. With fraudulent schemes on the rise and constantly evolving, organizations should educate themselves on common occupational fraud schemes to determine whether they too, have been or could be a victim of fraud. In our previous article , we explored the Association of Certified Fraud Examiners (“ACFE”) 2022 Report to the Nations that was released earlier this year and discussed the eme
This is so sad. via r/accounting. This is almost as bad as the time Moss Adams boasted about how this one guy would be working on dual monitors at the pool all weekend because flexibility. The post PwC Director Lets His Family Know He Probably Won’t See Much of Them on Their Family Beach Vacation appeared first on Going Concern.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
It was summer 2009 when this website came to be and it was a glorious time. Obama had been inaugurated earlier that year, the financial crisis was still very much top of mind for everyone including us, and I’d carved out a tiny bit of internet fame for photoshopping dollar bills coming out of Federal Reserve Chairman Ben Bernanke’s naked ass.
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Picture it. Singapore. 2022. Bloomberg reports : The Big Four accounting firms are showering staff with pay increases in Singapore, where an acute labor shortage is driving a fierce contest for talent. PricewaterhouseCoopers LLP and Deloitte LLP lifted base salaries starting from July 1, according to internal documents from the two firms reviewed by Bloomberg News.
Return filing under Goods and Service Tax (“ GST ”) is a key element and it is necessary to furnish correct information in returns. Department has taken all possible steps to simplify the process of return filing by providing the feature of auto-population of data in GST returns. With effect from December 2020 , FORM GSTR-3B gets auto-generated on the portal.
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How much do your agency’s employees know about cybersecurity? Are they familiar with the concepts of ransomware or social engineering? We are constantly inundated with news of the latest data breach. As a result, we may think we’ve become fluent in the language of cybersecurity. Unfortunately, we have not, or our cybersecurity breach statistics would.
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