Mon.Sep 26, 2022

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IRS Announces the “Dirty Dozen” Tax Scams for 2022

RogerRossmeisl

The IRS has compiled the annual Dirty Dozen list for more than 20 years as a way of alerting taxpayers and the tax professional community about scams and schemes. The list is not a legal document or a literal listing of agency enforcement priorities. It is designed to raise awareness among a variety of audiences that may not always be aware of developments involving tax administration. #1-4 – POTENTIALLY ABUSIVE ARRANGEMENTS (Source: IR-2022-113, June 1, 2022) The potentially abusive arran

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Council Post: Three Ways Today’s Accounting Professionals Can Increase Their Value

Accountant Advocate Submitted Articles

As the profession undergoes digital transformation, traditional roles and activities of accountants must change and transform, as well.

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How People Operations Can Help Startups Succeed in a Down Economy

BurklandAssociates

People Operations can help your startup weather the tough times and emerge with a solid competitive edge when the economy begins to improve. The post How People Operations Can Help Startups Succeed in a Down Economy appeared first on Burkland.

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What Contractors Should Know About Accounting

Accountant Advocate Submitted Articles

Government contractors are required to follow certain accounting guidelines to maintain their standing.

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Planning Your Restaurants 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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Don’t Let Fraud Break the Bonds of Your Family Business

RogerRossmeisl

According to Family Enterprise USA, 87% of U.S. companies are family businesses, which are responsible for 54% of gross domestic product or $7.7 trillion. Although family businesses are an economic pillar of strength, several studies have found that they’re more vulnerable to occupational fraud than other companies. Here’s what you need to know if you run a family business.

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What Small Business Owners Want From Accountants - ForwardAI

Accountant Advocate Submitted Articles

This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey.

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More Trending

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10 Cash Flow Questions Every Business Should Ask - ForwardAI

Accountant Advocate Submitted Articles

Ideally, as a small business owner, you’ll know a lot about your company’s financials.

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Putting a Price Tag on Intangible Assets

RogerRossmeisl

Intangible assets — such as patents, copyrights and trademarks — are essential to the operations of many companies, but they’re rarely reported on the balance sheet. And even when they are reported due to an acquisition, book value is often based on historical cost under U.S. Generally Accepted Accounting Principles (GAAP). However, historical cost may not represent current market value, especially if the acquisition happened long ago and the asset’s value has appreciated over time.

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What Is a Furlough?

Patriot Software

When it comes to business, things don’t always go according to plan. At some point, you may find your company struggling to stay afloat financially. And if that time comes, you may need to furlough some workers to avoid drowning. So, what is furlough? Keep reading to learn the definition of furlough, examples, and how […] READ MORE.

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Don’t Forget Income Taxes When Planning Your Estate

RogerRossmeisl

As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. But now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs.

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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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Accounting Insiders: Ignition's Jennie Moore

Intuitive Accountant

The Partnerships Manager at Ignition discusses, among other topics, how the platform turns creating a stellar proposal a breeze. Check out her interview on Insightful Accountant's YouTube channel.

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A guide for understanding self-employed tax obligations, thresholds and payments

Xero

If you’re self-employed, chances are you look forward to organising and fulfilling your tax obligations as much as you would a particularly upsetting root canal. While it may be vital to your ongoing wellbeing, that doesn’t make it any less painful. . Given the ins-and-outs of the process can feel a little opaque, we’ve provided a guide that covers some of the key facets of the tax process for the self-employed – from understanding obligations and thresholds, to calculating your payments. .

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QBO Monday Minute: Creating Custom Workflows in QuickBooks Online Advanced

Intuitive Accountant

By taking a few minutes to set up custom workflows, you can save yourself hours of time down the road. Liz Scott runs you through the process.

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Here’s Your Sign From the Universe to Find a Better Opportunity

Going Concern

The post Here’s Your Sign From the Universe to Find a Better Opportunity appeared first on Going Concern.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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401(k) Audit CPA Success Show: Simple Steps to Ensure a Speedy 401(k) Audit 

Anders CPA

A 401(k) audit can often be a lengthy process and looming deadlines can have plan providers feeling anxious over completing the process in time. CPAs and Anders 401(k) auditors Kim Moore and Karen Hill discussed ways to help speed up the process as well as tips on how to keep your auditor focused on your audit. Common pitfalls and mistakes can be avoided with experience on your side.

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How Long Does Stripe Take To Pay?

Snyder

Are you an e-commerce store owner looking for options to receive payments? If so, you may have come across Stripe as a possible solution. But what exactly is Stripe, and how long does it take to pay? What Is Stripe? There are many ways customers can send money, but many of them have limitations—for example, a shopper may have hit their maximum Afterpay account limit and need another way to pay.

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Future Forward 2022: Bank Your Brain Blueprint Part 2

Intuitive Accountant

In Part 2 of their "Bank Your Brain Blueprint" presentation, Insightful Accountant's Gary DeHart and Gaynor Hardy Meilke delve deeper into the step-by-step process for monetizing your professional knowledge in the accounting channel.

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Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22

Going Concern

The post Monday Morning Accounting News Brief: KPMG Drama; MBA Beats CPA?; ISO: Managers and Senior Managers | 9.26.22 appeared first on Going Concern.

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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 You a Jack of all Trades? Or the Other?

Intuitive Accountant

What do accounting and branding have in common to ensure small business growth? Xero’s Carol Haverty and Looka’s Dawson Whitfield explain.

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The forecast calls for increased revenue

Accounting Today

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New! Crossword puzzle to review the accounting cycle

Wendy Tietz

Recently, I surveyed my students and found that most enjoy crossword puzzles. While not every activity will suit every student, I thought it would be a good idea to create some crossword puzzles for review activities. I am going to share those crossword puzzles here on my blog occasionally. The first crossword puzzle I am […].

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Almost 700 unauthorized users in IRS communications platform: TIGTA

Accounting Today

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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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Free webinar: “Low Man on the Totem Pole – How I Became a White-Collar Criminal”

Wendy Tietz

The Akron chapter of the Institute of Management Accountants (IMA) is sponsoring a webinar on white-collar crime – “Low Man on the Totem Pole – How I Became a White-Collar Criminal.” The webinar is on Wednesday, October 19, 2022, from 6:30 – 8 pm Eastern. Registration is at this link. I cannot emphasize enough what […].

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Looking to buy a wealth management practice?

Accounting Today

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Procedure of E-Invoice Generation under GST | Brief User Manual

VJM Global

Electronic invoicing (e-invoicing) is a newly introduced system under GST wherein all B2B invoices are authenticated electronically by Goods and Service Tax Network (“GSTN”). E-invoicing is not about generation of invoices on the GST portal. This is a myth. Every dealer is required to generate invoices in his regular accounting software. Rather, e-invoicing is a process of uploading details of an already generated invoice on the GST portal and generating an Invoice Reference Number (“IRN”) for s

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