Wed.Dec 14, 2022

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10 Holiday Gift Ideas for Accountants

Lockstep

Whether you are shopping for your team, a colleague secret Santa or the special accountant in your life, finding the right gift can be tough. But never fear, we are here to help with a list of the top gifts for the accountants on your holiday shopping list. With that in mind, here are some great gift ideas for the accountant in your life. 1. A personalized mug – This is a great gift for the coffee or tea lover in your life.

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Will AI Replace Humans? The Impact of Artificial Intelligence on the Human World

Snyder

Have you heard about a Hong Kong company appointing a computer algorithm to its board of directors? Will AI run big companies of the future or seize other positions? We know that technology makes our lives easier , but AI elevates it to another level. Artificial Intelligence is the term that has been exciting human minds and imaginations in recent years.

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No One Should Be Surprised to Learn FTX Used QuickBooks

Going Concern

Before the House Committee on Financial Services on Tuesday, recently-appointed FTX CEO John J. Ray III gave testimony to back up comments he made to the New York Times last month about FTX being a “complete failure” the likes of which he hadn’t seen in two decades. Back in the day, Ray was chairman of Enron Creditors Recovery Corp, the accurately named entity in charge of recovering creditor funds from the most notorious accounting failure of our time.

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Getting Ready for Top 100 – Certifications Part 3

Intuitive Accountant

Here's the rundown on Certification Requirements and Certificate Scoring for ProAdvisors within the US for the 2023 Top 100 ProAdvisor and ProAdvisor of the Year Award process.

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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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What Is the Corporate Tax Rate? [Federal & State Guide]

Patriot Software

Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work? A corporation, or C Corp, is a type of business […] READ MORE.

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CARES Act Relief Radar: SBA Extends Storm-Related EIDL Payments, Not Pandemic EIDL Payments

Anders CPA

Although many Coronavirus Aid, Relief and Economic Security (CARES) Act programs have come to an end, they continue to have an enormous impact on businesses. With the SBA and IRS continuing to release announcements and clarifications around relief programs, we’re breaking down important updates to explain what they mean to your business. See the latest clarifications below. 12/12/22: SBA Extends Storm-Related EIDL Payments, Not Pandemic EIDL Payments.

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What Is Self-employment Tax?

Patriot Software

Are you self-employed? If so, you better keep reading. Self-employed individuals must pay a unique payroll tax called self-employment tax. What is self-employment tax? In this article, you’ll find out everything you need to know about self-employment tax. Learn how much the tax is, how to calculate your tax liability, and more. What is self-employment […] READ MORE.

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How to Adapt Your Business's Pricing for Inflation with Accounting and Bookkeeping Tips

IgniteSpot

Turn inflation into an opportunity for strategic price adjustments. The economy is a roller coaster right now. You have to buckle up, or you’ll go flying. Price changes are a touchy subject, and you might not even want to go there. But stop and think about how your expenses have changed because of inflation. Has the cost of labor gone up? What about raw materials?

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Operation Cash Flow

Intuitive Accountant

A recent report by Kabbage from American Express shows that 60% of US small businesses are investing in cash flow tools ahead of the holidays.

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6 KPI Charts to Drive Performance & Profitability in Small Businesses

GrowthForceBlog

12 min read. When running a business, one of the most common pieces of advice you'll encounter is being told that you should know your numbers. Key Takeaways. Why These Six Charts: There are many different reports, ratios, and KPIs that you can use to understand your business. In fact, data can be collected on every aspect of your business and analyzed in nearly infinite ways….

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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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Key insights into small business performance in 2022

Xero

While many hoped 2022 would be a year of recalibrating and regaining some certainty, it instead brought more change that small businesses have had to adapt to. . We’ve been talking to our customers throughout the year, gathering information on how they’re feeling, how their business is performing, and the key challenges they are facing. Thanks to Xero’s Small Business Insights (XSBI) program, we’re able to get real data which, combined with these anecdotes, gives us a reliable picture of the sma

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An Inside Look at NetSuite Cost Analysis

AccountingDepartment

Cost analysis is sometimes overlooked by business owners simply because it is inherently complex and time is precious. In-depth cost analysis performed in a methodical manner highlights costs for services and goods.

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LeaseQuery, FloQast Partner to Streamline Lease Accounting, Revenue Reconciliation Processes

Intuitive Accountant

The partnership offers customers more purpose-built accounting capabilities and expertise.

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Technology for Accounting Firms: How Tech Makes a Firm Stand Out | Canopy

Canopy Accounting

Incorporating the right technology into your accounting firm can set your firm apart from the competition, help you win new customers, and maintain loyalty of the customers you already have.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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How to overcome the most common challenges of tax engine implementation

ThomsonReuters

Though an automated tax engine will ultimately improve a company’s overall operations, a successful implementation process does place certain demands on a company’s personnel, some of which can be challenging if not addressed properly. Fortunately, most of these challenges can be overcome with sufficient planning and some awareness of what to expect.

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Protecting Your Funding: FDIC Insurance and Beyond

Shay CPA

When you’re building your business, securing a new round of funding marks a huge milestone. But as a founder, you know what really matters is what happens next. How you handle that money shapes your business. It can literally make or break you. . That means you’re probably fairly risk-averse with money you get from rounds of funding. In fact, you most likely want to take every step that you can to protect that money. .

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Employees to be able to request flexible working on day one of employment

Inform Accounting

Millions of employees will be able to request flexible working from day one of their employment, under new government plans to make flexible working the default. Flexible working doesn’t just mean a combination of working from home and in the office – it can mean employees making use of job-sharing, flexitime, and working compressed, annualised, or staggered hours.

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Accountex Canada Launch Endorsed by Canadian Accounting & Finance Community

Accounting Insight

From the start of Martin Bissett’s keynote address on day one, you could feel the anticipation of attendees in what this conference might offer, and Accountex Canada did not disappoint. . . With over 600 registrations and 50-plus exhibitors who attended the Metro Toronto Convention Centre in Toronto on November 30 and December 1, it was clear Accountex Canada meant business. . .

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Are There Good MLMs?

FraudFiles

Defenders of multi-level marketing (MLM) will tell you that some companies “do it” right, while some companies “do it” wrong. The fact that a multi-level marketing company like Mary Kay Cosmetics has been around for more than 55 years does not define whether it is a fraud or scam.

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E-commerce Security: Importance, Issues and Protection Measures

Snyder

The State of E-Commerce. Have you ever wondered how big e-commerce is? The e-commerce market is a lucrative market with great potential. I’ve recently read an Intelligent Insider report on e-commerce, and I was impressed at how big e-commerce has become. The report projects the total e-commerce market to reach $5.7 trillion in 2022. The growth of e-commerce is mainly fuelled by the increased reliance on online shopping, especially during and after the pandemic.

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Chris Williams and Josh Jeans Discuss Quiet Quitting

Summit CPA

The Virtual CPA Success Show: Episode 69. In this episode, Jamie Nau, our host and Summit CPA's Director of Virtual CFO sits down Josh Jeans, Summit’s People Operations Strategist, and Chris Williams, former VP of HR at Microsoft and current leadership advisor, podcaster, and author, to discuss current HR trends in the marketplace, such as “quiet quitting,” and the effects of the COVID-19 pandemic.

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Why Benchmarking is Crucial in 2023 and How to Do It

Intuitive Accountant

Hayden Nelson & Yoder's Christopher Hayden discusses the importance of benchmarks, how to use them properly to propel your clients’ businesses forward, and much more.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Zoom aims high, and other tech stories you may have missed

Accounting Today

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Padgett’s 8 “Right Now” Business Tax Moves

SkagitCountyTaxServices

Ready for some yuletide cheer? Inflation might have hit its peak this year. So say the “experts.”. That particular category of people hasn’t exactly covered itself with glory of late … so, we’ll see how that actually plays out for businesses in the coming months. What’s the price environment looking like for you within your industry right now? Curious to hear what you’d have to say.

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Senate bill aims to crack down on crypto money laundering

Accounting Today

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Navigating the 121 Exclusion: Tax Planning for Real Estate Income

CTP

Tax professionals today need to be prepared to incorporate real estate income into their clients’ tax plans. More and more Americans are starting to use their properties as a primary or secondary income source, yet many taxpayers are not prepared for the tax consequences when they decide to sell that property. This is where a trained tax professional can add tremendous value by walking clients through the legitimate tax incentives available to real estate owners.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Deloitte invests $1.4B in professional development

Accounting Today

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Lockstep Inbox Product Updates 12.14.22

Lockstep

The Lockstep Team is sexcited to share some of the latest updates to the world’s first shared inbox, designed for accounting teams, Lockstep Inbox. Global Search is even Easier. The Lockstep team has enhanced the search functionality of Global Search, adding text highlights and previews for your query. This enhanced functionality will allow you to better identify the invoice, bill, or customer you are looking for much faster, saving you time and headaches looking for that “lost email

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ISSB defines how it will use 'sustainability'

Accounting Today

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Real Estate Tax Savings: The 121 Exclusion—How to Qualify (Even if You are an Exception to the Rule)

CTP

More and more Americans are starting to use real estate as a primary or secondary income source. From renting out a space as an Airbnb to renovating a second home for rent or sale, taxpayers may already have unrecognized opportunities to earn extra cash from their properties. However, many taxpayers are not prepared for the tax consequences when they decide to sell that property.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.