Since it is Friday and also is the end of the month, it is time for our regular monthly blog post naming what we feel are the best accounting-related blog posts for July 2017. As we have stated in our previous monthly roundups, we try to always locate new posts that are accounting related that we haven't previously covered. So the information we offer will always be fresh and informative
Web Roundup: Best Accounting-Related Blog Posts for July 2017
This great post from Surgent CPE will thoroughly educate you on cyber security and passwords. The title is a real draw too, What the Ancient Engineering of Manhole Covers Can Teach Us About Cyber Security And Passwords. We would consider this thorough and entertaining article a must read for anyone who uses the internet.
Trump Administration, GOP Lawmakers Outline Shared Vision for Tax Reform. Once Donald Trump became president of the United States, we said we would keep our readers informed of important updates in taxes and laws that could affect accountants, CPAs and small business owners. In the link above you will find an important blog post from Wolters Klewer discussing ideas and plans for tax reform under the Trump Administration. Here are a few keynotes from the article:
In the single-page statement, they highlighted, without details:
– Tax relief for families (“making taxes simpler, fairer and lower for hard-working American families”);
– Lower tax rate for small business (“so they can compete with larger ones”); and
– Lower tax rates for all American businesses (“American job-creators competing at home and around the globe”).
“The goal is a plan that reduces tax rates as much as possible, allows unprecedented capital expensing, places a priority on permanence, and creates a system that encourages American companies to bring back jobs and profits trapped overseas,” the statement explains.
Anderson, Folkoff & Co offers its blog readers this helpful article, 9 Ways to Reduce Late Payments. A few of the ways to reduce late payments that are included in the article are as follows:
Automate your invoicing
Most cloud accounting software will allow you to automate your invoicing. For customers on a set regularly-billed rate, your invoices can be sent on the same day every month automatically without you lifting a finger. A good software will indicate when your customer opens the invoice, alert you when the customer pays it, notify you when it's nearly due and send a reminder to the client, and send email reminders when it's late.
Invoice immediately
Rather than setting your billing for one day a month, invoice the customer as soon as they receive the product or service. Chances are better you'll get paid faster when the work is fresh in their mind.
That concludes our web roundup of the best accounting-related blog posts for July 2017. If you know of another that should be considered, by all means leave us a comment and we will check it out! Have a great weekend.
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