Sat.Oct 10, 2020 - Fri.Oct 16, 2020

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Soft Skills: The Key to Making Good CFOs Great CFOs

BurklandAssociates

Conventional wisdom holds that the person leading a business's finance function is highly quantitative by nature. By and large, this is true. But after working with hundreds of venture-backed startups Read More. The post Soft Skills: The Key to Making Good CFOs Great CFOs appeared first on Burkland.

Finance 316
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Getting the Goods on Inventory Theft

RogerRossmeisl

Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return items to the wrong shelves or customer returns are flubbed. It’s even possible that you’ve made a mistake and need to perform a recount. But if you suspect something more sinister — such as employee theft — don’t hesitate to call in reinforcements.

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Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case. Gain a better understanding of your sales and use tax obligations with these frequently asked questions we have received from businesses that provide services. 1. My business sells software and provides other computer services.

Sales 185
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Resetting the Partnership: Key Questions and Strategies

PANALITIX

RESOURCES / ARTICLES. Resetting the Partnership: Key Questions and Strategies. Panalitix is working closely with accountants looking to strengthen their partnerships. Some assignments involve brand new firms where there is a lot of excitement as accountants embark on their entrepreneurial adventure. In other cases, well-established partnerships need to re-calibrate (or re-set) their foundations.

Account 130
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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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Are You Required to Give Employees Time Off to Vote?

Patriot Software

As a small business owner, you may offer types of paid or unpaid time off to employees. But when election day rolls around, do you give employees time off to vote? Read on to learn about offering time off to vote, voting leave laws by state, and whether you can refuse voting leave. Giving employees […] READ MORE.

payroll 141
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How to Handle Business Website Costs for Tax Purposes

RogerRossmeisl

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some guidance as to the proper treatment of the costs.

Tax 132

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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

As the shift from paper to digital has accelerated the transformation of many a legacy business with aging tech, CEO Woodrow Levin of Extend says it’s important to add extended warranties to that list. Merchants used to have a tiny conversion rate when offering customers extended warranties by paper, and that only got a little better when they switched to POS systems.

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New Rules Simplify Forgiveness for PPP Loans of $50K or Less

Katz,Sapper&Miller

Late last week, the U.S. Small Business Administration and the Department of the Treasury issued an interim final rule (IFR) that simplifies loan forgiveness for borrowers that received Paycheck Protection Program (PPP) loans of $50,000 or less. It’s important to note that the IFR did not make forgiveness automatic, but the new loan forgiveness application, Form 3508S, is significantly easier to complete than the standard loan forgiveness application, Form 3508.

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New PPP Loan Forgiveness Application for Loans $50,000 or Less 

CapataCPA

New PPP Loan Forgiveness Application for Loans $50,000 or Less The Department of Treasury introduced a new, easier loan forgiveness application on October 8, 2020 for companies that have received PPP loans of $50,000 or less. No calculations for loan forgiveness are needed as borrowers won’t be subject to FTE or wage reductions. Borrowers should. The post New PPP Loan Forgiveness Application for Loans $50,000 or Less appeared first on CPA firm in Orange County, CA | CAPATA.

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Top Tips For Effective Time Management for Accountants

CTP

Time is money, and this is especially true for accounting professionals. The more efficiently you operate your schedule, the more money you’ll make and the less work you’ll have to do. Yet, time management is something that most accountants struggle with at one point or another, and something that almost all of us could stand […]. The post Top Tips For Effective Time Management for Accountants appeared first on certifiedtaxcoach.

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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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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. 21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time.

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Preparing Your Business for Sale: 5 Keys to Success

Katz,Sapper&Miller

If you’re thinking about selling your business right now, you’re not alone. The pandemic has added to the sense of urgency for owners who were already inclined to sell, and it probably has many others, who were previously uninterested in selling, wondering if now might be the right time.

Sales 98
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Do You Really Understand the Cost of Your Accounting?

AccountingDepartment

One of the first questions typically asked when a prospective new client approaches us about taking over their accounting is “How much does it cost?”.

Account 75
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PPP Loan Forgiveness Application Explained

GrowthForceBlog

* UPDATE October 15th, 2020 : I nitially, Paycheck Protection Program (PPP) repayments on any remaining debt were set to begin six months after the loan was disbursed. Now, Congress has revised the law and extended the period to give back the loan. PPP loan holders now have up 16 months to apply for forgiveness. For most borrowers, this means the issue won’t become urgent until 2021.

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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 Capture The Consumer With Digital Wallets In Their Purses And Back Pockets

PYMNTS

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. However, one thing still rings true: Consumers need a reason to change ingrained behaviors. Helena Mao , vice president of global product strategy for payments at Blackhawk , spoke to PYMNTS, explaining why many consumers were slower to adopt the rollout of mobile wallets and payment methods in places like the

Retail 126
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What's Next for Manufacturers? Planning and Forecasting in a COVID-19 Era

Katz,Sapper&Miller

For manufacturers, 2020 has been one long slog of wondering, “What do we do next?” As businesses head into the fourth quarter – facing year-end planning pressures while simultaneously managing through a pandemic – the answer to this question may be more important than ever before.

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Big PPP Loan Forgiveness News For Skagit County Businesses

SkagitCountyTaxServices

You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that? Well, they did it! Except it is for even smaller loans (under $50K). And it’s not “automatic”, but it is very, very easy.

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How to Start A Business in 2020: Step-by-Step Guide

LyfeAccounting

?. Let’s be honest. Starting a business isn’t very easy. So I can understand where the hesitation comes from. I mean a lot of people think, and a lot might say, “Whoa, I don’t want to get into debt especially with 8 out of 10 new businesses failing. It’s risky.”. Well, here’s the thing, how to start a business in 2020, is easier than it’s ever been before.

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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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Why 2021 Will Be Real-Time Payments Break-Out Year

PYMNTS

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct model. Here’s why. .

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On-Demand Webinar: Bridging the Gap at Your Not-for-Profit

Katz,Sapper&Miller

What is a gap analysis, and why is conducting one so important for not-for-profit organizations? Whether it’s to increase funding, pursue new opportunities, prioritize needs, or benchmark performance, a gap analysis can help a not-for-profit organization accomplish its goal.

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CPAFMA VIRTUAL LEARNING OPPORTUNITY

RitaKeller

“The beautiful thing about learning is that nobody can take it away from you.” – B.B. King. A great opportunity to learn what’s happening in the world of CPA firm management! Understanding the challenges firms have faced in 2020, CPAFMA has designed this virtual opportunity to be affordable and inclusive, providing the opportunity for up to five members of the firm’s leadership group to participate for one low price from the convenience of one’s home or office.

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Small Business KPIs: How to Develop Key Performance Indicators to Grow a Thriving Business

LyfeAccounting

?. There is no way you can grow and manage a small business without understanding your KPIs, which are key performance indicators. It doesn’t matter if you’re a startup, growing small business, or major enterprise – if you do not know what KPIs are correlated to the success of your company, I can guarantee that you will eventually mismanage your business.

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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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How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks.

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15 Jokes About Accountants

IgniteSpot

Account 98
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How-To Guide to Fraud Investigations Course (CPA Crossings)

FraudFiles

Coming up on Monday, October 19: How-To Guide to Fraud Investigations course at CPA Crossings. This is a 2 hour online course, and is the third in a 4 part series on conducting # fraud investigations. This is your chance to learn some fraud investigation techniques that I use in many investigations, and it is inexpensive at only $89 for 2 CPE credits!

CPA 40
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Bookkeeping Basics for Small Business (Everything You Need To Know)

LyfeAccounting

? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. You see, here at LYFE Accounting, we handle the books for small business owners everyday and have a time-tested 6-step process that helps small businesses make better financial decisions that lead to greater profitability.

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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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EU Puts Up To 20 Firms On Regulatory Hit List

PYMNTS

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT.

Legal 125
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Budget vs Actual Analysis

IgniteSpot

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Two Things

RitaKeller

“Love all, trust a few, do wrong to none.” – William Shakespeare. For this Friday flashback post, there are two things to remember: Be prepared and work with people you trust. Read more about these two things in this post from April.

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Virtual CPA: Why Everyone is Looking For One in 2020

LyfeAccounting

?. There is one thing in business that is constant and remains the same: The need for proper bookkeeping and accounting. According to Entrepreneur Magazine , 7 out of 10 businesses fail within 10 years due to their inability to control expenses. You see, every dollar you make must be allocated somewhere. Ok, let’s be honest. In business, even if you don’t make a dime, there are expenses that must be paid.

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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.