Sun.Jul 17, 2022

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Risk Assessments are a Critical Anti-Fraud Tool

RogerRossmeisl

Fraud risk assessments have been shown to prevent occupational fraud and limit losses for victimized organizations. These tools have become more prevalent in recent years, according to “Occupational Fraud 2022: A Report to the Nations” published by the Association of Certified Fraud Examiners (ACFE). But although almost 50% of businesses perform fraud assessments, many owners and managers may be unaware of the value of these procedures and how the assessment process works.

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Four processes in Xero to make FY23 your best year yet

Xero

Ringing in the new financial year may come without fireworks or champagne, but it is a great opportunity to reflect on the present and what lies ahead. It can be a moment to pause and take note of where your business currently is and how it operates – as well as where you want to be. It’s also a useful time to make changes or upgrades, especially to systems and processes, so things will be smooth-running well into the future.

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Can Individual Taxpayers Deduct Vehicle Expenses?

RogerRossmeisl

It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain circumstances. Unfortunately, under current law, you may not be able to deduct as much as you could years ago. For years prior to 2018, miles driven for business, moving, medical and charitable purposes were potentially deductible.

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How to Choose the Right Clients for Your Firm

Intuitive Accountant

The right clients will make your work enjoyable; the wrong ones will make you dread the office. Client Hub founder and QuickBooks ProAdvisor Judie McCarthy explains how you create the perfect fit.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How Disability Income Benefits are Taxed

RogerRossmeisl

If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s taxable to you just as your ordinary salary would be. (Taxable benefits are also subject to federal income tax withholding. However, depending on the employer’s disability plan, in some cases they aren’t subject to Social Security tax.

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QBO Monday Minute: Meet QBO Payroll's New Security Feature – MFA

Intuitive Accountant

This month, Intuit is rolling out a software update notice regarding additional security functionality in the US. Liz Scott takes us inside what to expect.

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The end of low cost air fares?

Martin Quinn

Over the years, I have used lose cost airlines as examples in several of my blog posts. Carriers like Ryanair have always interested me – whether you love them or hate them they are successful. A recent article on RTE’s business section gives a good summary of the low cost sector, but also considers how costs have and will increase, leaving no option but to increase fares.

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How Do Taxes Factor into an M&A Transaction?

RogerRossmeisl

Although merger and acquisition activity has been down in 2022, there are still companies being bought and sold. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint, a transaction can basically be structured in two ways: 1.

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Top Tech for the Top 100 ProAdvisors

Intuitive Accountant

Check out how today's ProAdvisors are winning with technology with our "Insightful Accountant Top 100 ProAdvisor QBO Key App Integration List" booklet.

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Navigating the Storm

Intuitive Accountant

According to a recent Kabbage survey, 80% of US small businesses are confident they could withstand a US economic recession.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.