Mon.Jan 16, 2023

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What is invoice finance? How it can help your business

Wellers Accounting

Doug Saunders , explains how you can make use of invoice financing to obtain immediate cash.

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Using an Income Tax Preparation Service: Is It Worth the Cost?

MyIRSRelief

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost. One of the biggest advantages of using a tax preparation service is the level of expertise they bring to the table.

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Remembering the Time Everyone at PwC Had to Work on MLK Day As a Noble Gesture to Honor Dr. King

Going Concern

The following message we’re about to share with you was sent out as a firmwide email from then-Chairman Dennis Nally to everyone at PwC almost exactly 15 years ago to the day. To my knowledge it’s never been published here, because back when it went out to everyone working at PwC US in January 2008, Going Concern didn’t exist yet and wouldn’t for another year and a half.

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Top 100 Nomination Form Clarification and Deadline Reminder

Insightful Accountant

The deadline for Top 100 nominations is just under a month away, so now is a good time to head over to the nomination form. Speaking of our new form, we wanted to clarify a couple of questions we've been asked.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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How to Grow Expertise, Build a Stronger Career, and Develop Talent Pipelines

CPA Practice

By Dr. Quentin McAndrew. As Michelle Lubbe works toward the online Master’s of Accounting (iMSA) from the University of Illinois at Urbana-Champaign, she instantly puts what she learns to the test. “On a daily basis, I am able to apply what I am learning in class to excel at my job,” says Michelle, a financial director of mergers and acquisitions at a large chemical company.

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HR Trends and Opportunities in 2023

Insightful Accountant

Get the latest in HR trends and challenges for the new year and get a jump on preparing for the road ahead. Sign up for the ADP seminar here.

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More Trending

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What You Need to Know About California Paid Family Leave [+ FAQs]

Patriot Software

California was the first state to create a paid family leave (PFL) program in 2002 (benefits became available in 2004). Since then, 11 other states have created paid family leave programs (plus Washington D.C.). If you’re an employer in California, you must withhold PFL contributions from employees’ wages while running payroll. Read on to learn […] Read More.

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The not-for-profit sector in numbers

Accounting for Good

The post The not-for-profit sector in numbers first appeared on ACCOUNTING FOR GOOD.

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7 Strategies to Pay Off Holiday Debt and Increase Your Savings

CPA Practice

By Karen Bennett, Bankrate.com (TNS). If you spent a pretty penny on holiday-related shopping and activities in recent months, you’re not alone. Winter holiday sales for 2022 were expected to reach up to $960 billion, which would reflect an 8 percent increase over 2021, according to the National Retail Federation (NRF). If you’re entering the new year with increased debt and decreased savings, chances are you have goals of paying off credit cards and building up your bank account.

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Freelancing mistakes and how to easily avoid them

Reckon

Diving into the freelancing world for the first time is a rewarding adventure. However, the ease of which you can make whopping mistakes may surprise you. These simple freelancing mistakes can spell serious trouble down the track, so pay heed. While it’s easy to misstep, it can be just as simple to avoid these mistakes entirely. Here’s a few major pitfalls of freelancing and what you can do to leapfrog past them without blinking.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Energy Bills Discount Scheme: help for businesses and other non-domestic customers

Inform Accounting

The Government has announced a new Energy Bills Discount Scheme (EBDS) from April 2023 to April 2024 for eligible non-domestic consumers in Great Britain and Northern Ireland. The current Energy Bill Relief Scheme announced in September comes to an end in March 2023. It supports businesses and public sector organisations such as schools and hospitals by providing a discount on wholesale gas and electricity prices.

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How to Write Product Descriptions for E-Commerce That Sell

Snyder

Owners of online stores and e-commerce managers know that good product descriptions are crucial for a successful selling strategy. However, they often don’t pay much attention to this fact. In this article you’ll learn how to write product descriptions for e-commerce that really sell. But first, let’s define the terminology. . A product description is a promotional text that tells you what the product is.

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Jirav @ QuickBooks Connect 2022

Insightful Accountant

See how accountants can scale their advisory services and start offering advisory services through its all in one forecasting, budgeting, reporting and dashboarding platform.

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Changes Seen in Audit Committee Composition Amid Expanded Scope and Emerging Risks

CPA Practice

Corporate boards are taking a fresh look at their audit committee structures and practices in light of emerging corporate reporting areas and increased risks, according to a new survey and collaborative report from Deloitte’s Center for Board Effectiveness and the Center for Audit Quality (CAQ). Audit Committee Practices Report: Priorities and Committee Composition , a survey of 164 audit committee members of primarily large-cap, public companies in the U.S., provides insight into shifting ove

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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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4 Ways Nonprofits Can Improve Their Financial Reporting

Insightful Accountant

Sage's Joan Benson discusses why nonprofits need more timely, insightful financial reporting to drive their mission forward.

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Cloud & Accounting – the perfect match

Menzies

Menzies LLP - A leading chartered accountancy firm. We all want to work smarter not harder and with the growth of Cloud accounting we can have the freedom and insight to stay on top of our business and finances 24/7. Operating online is not only efficient but is becoming a must for everyone. The benefits of switching to cloud accounting. Anytime, anywhere, any device.

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AbacusNext Announces Key Executive Appointments to Advance Growth Initiatives

CPA Practice

AbacusNext, a software provider for legal and accounting professionals, has announced the addition of Greg Reynolds as chief technology officer, Arik Moav as chief financial officer, and James O’Connell-Cooper as senior vice president of marketing. These latest additions round out the company’s executive team and demonstrate its dedication to taking professional services firms further with modern technology solutions.

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InSitu Sales @ QuickBooks Connect 2022

Insightful Accountant

See how the all-in-one solution for field sales distribution and B2B e-commerce can help you

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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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Monday Morning Accounting News Brief: KPMG Vet Quits on Christmas; PwC Resigns; ‘A Veil of Legitimacy’ | 1.16.23

Going Concern

An accountant used his position in the accounting department of the Volunteer Energy Cooperative (VEC) in Tennessee to steal nearly a million dollars, he used a refund scheme to transfer money into his personal checking account and make payments to his credit cards and his wife’s credit cards. A discussion about money laundering in Australia : “Accountants are at the frontline of this as the industry remains a popular avenue for financial criminals, who seek to leverage the industry’s prestige a

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How to Avoid Mistakes in Accounting: 5 Common Accounting Mistakes

Snyder

Every business wants to make sure they‘re utilizing the resources and business processes they’ve implemented to the fullest. Whether it’s hiring employees, getting new accounting software , or relocating, business owners want to make sure that whatever they do contributes to more stability in profits. That’s why it’s so important to periodically review different aspects of business processes to confirm that they correspond with your grander mission.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

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Employer-Provided Retirement Plan: New Law Updates Effective Immediately

LSLCPAs

President Biden signed the 2023 Consolidated Appropriations Act (CAA) on January 3, 2023. Our goal below is to summarize some of the Act’s key provisions we feel are impacting employer-provided retirement plans. Ten Key Changes 1. Catch-up contribution changes: Starting in 2024, catch-up contributions to retirement plans must be designated as Roth contributions for participants with.

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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.