Fri.May 07, 2021

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What If You’re Not Ready to File Your 1040 by 5/17/21?

RogerRossmeisl

“Tax day” is just around the corner. This year, the deadline for filing 2020 individual tax returns is Monday, May 17, 2021. The IRS postponed the usual April 15 due date due to the COVID-19 pandemic. If you still aren’t ready to file your return, you should request a tax-filing extension. Anyone can request one and in some special situations, people can receive more time without even asking.

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The Duties of a Controller - Do you need one?

AccountingDepartment

What does a controller do? A controller is a professional who manages the accounting functions of a company. This is the professional who makes sure that the company ledgers are accurate and correct. A controller also supervises the recording of a business's finances. Services handled by a controller include accounting team management, inventory accounting, revenue recognition, establishing formal financial procedures, and month-end close.

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Top 10 Financial Freedom Secrets by Grant Cardone

LyfeAccounting

If you are looking for actionable steps to help you build wealth from someone who has done it before, this is the post for you. We want you to get ready because you are about to get one step closer to financial freedom with Grant Cardone’s top 10 financial freedom secrets for building true wealth. Here we go. Grant Cardone’s Top 10 Financial Freedom Secrets.

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What Are Expenses?

MazumaBusinessAccounting

We work with small business owners and entrepreneurs. Some are seasoned, others are just growing their side hustle. Their skills are varied and they have a wide variety of talents. We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful.

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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.

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Cashflow Vs. Profitability with Lil Roberts, CEO Xendoo

xendoo

Lil Roberts, CEO and founder of Xendoo, appeared on The Savvy Entrepreneur with host Doris Nagel to discuss concepts of cash flow vs. profitability and share tips to keep both healthy. The Savvy Entrepreneur is a talk radio show dedicated to helping entrepreneurs on their path to success by sharing tools, tips, resources, and experience. The post Cashflow Vs.

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A Book For CPAs – Flashback Friday

RitaKeller

“Reading is essential for those who seek to rise above the ordinary.” – Jim Rohn. I am assuming (and hoping) that, as a leader, you have read most of the prominent business books. Here’s a flashback post about a book I think all people working in a public accounting firm should read – The Five Dysfunctions of a Team by Patrick Lencioni.

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Join Us at AccountingDepartment.com!

AccountingDepartment

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Navigating the Changes Inherent to Startup Growth with Teachable

Withum

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Deploying Tax Provision Software in the Classroom

ThomsonReuters

As technology transforms tax accounting, business schools are working hard to ensure the next generation of accountants are well-grounded in the digital tools and software that will be central to their professional lives. The growing importance of tax technology is apparent in Deloitte’s recent global tax management survey in which more than half of the respondents said they had increased their focus on digital and tax technology in the past two years.

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The Wealthy Beware: President Biden Plans to Give the IRS an Additional $1.2 billion to Target High-Income Earners

Withum

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Corporate tax provision software and risk mitigation

ThomsonReuters

How to mitigate risks with tax software. Corporate tax teams are facing an array of risks, new and old, that complicate their ability to deliver an accurate and defendable tax provision within an ever-shrinking financial close window. These risks include new hybrid work models; challenges accessing tax data and streamlining workflows; and regulatory developments, with the potential for a global minimum tax, among other concerns.