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Aprio Cloud Blog

Xero and Aprio Cloud: Automated invoicing made to fit your business

By Melanie Lusnak • January 26, 2021 at 9:51 AM • Xero and Other Cloud Apps, SaaS & Technology Solutions

This post, written by Aprio Cloud, was created for Xero's blog and can be read in its entirety here.  

2020 proved to be a year of change. While some of 

that change was difficult, there were some positive changes worth reflecting on. For many reading this, your morning commute may start with shutting off your alarm clock, making a pit stop for coffee in the kitchen while on your way to your desk (which may or may not also be located in the classroom you share with your kids). Although this is a big change for some, if you’ve ever started a business or known someone that has, then you know that many times it starts with an idea that evolves into a product that is built in a garage or drawn out on a kitchen table.  

For these new businesses, workflow and finance aren’t always the first things on the list when an idea is coming to life. You’re happy just to have a product to create an invoice for, and seeing that first deposit in the bank is exciting in itself. This is the story our team has heard from many clients. It may start with one invoice, but soon enough someone is up at midnight trying to format invoices to send to new customers. Then comes the flow of deposits from the bank. Someone has to match each of those deposits to an invoice or multiple invoices. It’s a good problem to have until it starts stealing time from the dream you are trying to make into a reality. 

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Important Changes to the 1099 Filing Process

By Kevin Loiselle • December 9, 2020 at 11:01 AM • Tax and Compliance, Tips & Tricks

The IRS has made changes to the annual 1099 filing process that most employers have become accustomed to. These changes will be effect for the 2020 tax year and employers can expect a new process and set of forms to complete. This reporting change comes alongside increased penalties for failure to file and/or provide both 1099 forms - these fees can be as high as $500 per payee and $250 per copy not submitted to the IRS.

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Xero & Aprio Cloud | Real-time accounting software solutions

 

Running your business from anywhere has become a critical factor for success in today's ever-changing world. This accessibility is necessary in a world where easy access to a central office location isn’t always available. Utilizing accounting software that is capable of providing real time data about your company is key to making informed decisions.

At Aprio Cloud, our advisors understand that there isn’t a one-size fits-all solution. That’s why our team assesses each client’s needs to help them determine what software will grow with each company. Over the next few weeks, we will be highlighting the different accounting software solutions we recommend and what makes them stand out among the competition. This week, the spotlight is on Xero.

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What is the FBAR and do you have a filing requirement this year?

 

10/13/2020  UPDATE

Taxpayers with Foreign Bank Accounts Affected by U.S. Natural Disasters Get FBAR Deadline Extension

If you are a U.S. taxpayer that typically files a Foreign Bank Account Reporting (FBAR) form on FinCEN 114 and you have been affected by the recent natural disasters in the U.S., such as the California or Oregon Wildfires, the Iowa Derecho, and Hurricanes Laura or Sally, the deadline for filing your FBAR has been extended to December 31, 2020.

This extension provides an additional two months from the original extension date of October 15, 2020, and applies to those whose records are located in the disaster areas, even if the taxpayer does not reside there.

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When to Hire an Online Accountant vs. Online Bookkeeper

By Bruce A. Phillips, CPA • September 25, 2020 at 8:00 AM • Outsourced Accounting

Starting and growing a business takes a lot of patience and persistence. It also takes an incredible amount of focus, which is why many businesses decide to hand over their financials to a professional who will make sure all of the numbers add up. Despite the upfront costs, Outsourced Accounting can save you money in the long run.

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Expanding Your E-commerce Business to the US

 

 

I have spoken with hundreds of international e-commerce businesses over the past eight years who are looking to expand to the US. The rules have and will continue to change in the US, but the conversations and questions have been pretty consistent. I wanted to create a short list of common questions with answers and resources for assisting with US e-commerce expansion considerations.

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Solution Spotlight - Jirav

By Melanie Lusnak • June 30, 2020 at 9:18 AM • Jirav Solution

 

Jirav and Aprio Cloud-

The Future of Cash Flow and KPI Analysis

In recent months, you have probably heard something along the lines of, “Times are changing” or, “Best practices are evolving.” The world of accounting has been evolving too, and since COVID-19 hit, the leaders in the industry have emerged.

If you think of your accountant as the person that ensures your fuel expense is coded correctly from that old, wrinkled paper receipt, then you are vastly underestimating the impact a good accountant/financial advisor can have on your business right now.

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Getting Back to Work

By Tina Duncan • June 24, 2020 at 1:54 PM • Payroll / HR, Tips & Tricks, COVID-19 Updates, Training

Getting back to work in the COVID-19 world, means protecting your employees, your customers and your business.

Being an employer in the United States now comes with new responsibilities, mandated by the state in which you do business. Making sure your employees are prepared, understand the protocols, and that you have all the safety measures in place that will protect your business, employees, and customers is now a critical HR task. To help, we have compiled several online resources, linked below, with information on how businesses should prepare to get back to work.

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NY Employer Call to Action - NEW Requirement

By Tina Duncan • April 30, 2020 at 9:47 AM • COVID-19 Updates

As New York continues to work through the impacts of the COVID-19 pandemic, new rules and regulations are emerging.  The latest edict, dated 4/28/2020, requires immediate action for all employers with New York based employees.  

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Aprio launches COVID-19 Website Hub

By Bruce A. Phillips, CPA • March 24, 2020 at 4:05 PM • COVID-19 Updates

Business Resources for
COVID-19

Our colleagues at Aprio have created a site dedicated to helping businesses navigate the #Coronavirus impacts. From cash flow ideas to tax implications to successfully implementing a remote workforce, the information here is invaluable. 

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