Fri.Feb 16, 2024

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IRS commits to making Child Tax Credit changes quickly

Accounting Today

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

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Financial Cents Unveils the 2024 State of Accounting Workflow Automation Report

Insightful Accountant

Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.

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On the move: KPMG releases pair of reports

Accounting Today

Eide Bailly appoints next CFO; HHM CPAs promotes two to partner; and more news from across the profession.

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Profitability ratios definition

Accounting Tools

What are Profitability Ratios? Profitability ratios are a set of measurements used to determine the ability of a business to create earnings. These ratios are considered to be favorable when they improve over a trend line or are comparatively better than the results of competitors. Profitability ratios are derived from a comparison of revenues to difference groupings of expenses within the income statement.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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KPMG study reveals surprising plan for ESG spending by companies

Accounting Today

Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.

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How To View AWS S3 Usage Reports?

Economize

Amazon Simple Storage Service (S3) is a storage service from AWS that can store and retrieve large volumes of data. It is a secure and scalable storage service that stores data as objects. It allows users to store and retrieve virtually unlimited amounts of data over the internet.

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From Carpet Cleaner to CPA: An Accounting Student's Journey

Cloud Accounting Podcast

Blake and David talk with Chayton Farlee, an accounting student at the University of the Pacific, about his journey into accounting and his thoughts on the profession. They discuss his inspiring path from cleaning carpets during the pandemic to pursuing his CPA and CMA, the disconnect many students feel between accounting theory and real-world application, the importance of bookkeeping skills, and considerations around starting his career at a Big Four firm or a smaller, more lifestyle-friendly

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Tech news: IRS Solutions launches tool to detect changes to client transcripts

Accounting Today

Plus, LeaseCrunch offers webinar on ASC 842 basics; and other accounting technology news.

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What Happens When You Neglect Your Bookkeeping?

Less Accounting

Bookkeeping might not be glamorous but it is undoubtedly essential. Neglecting your bookkeeping might seem like a minor oversight, but the consequences can be far-reaching. Want to see the scary truth of neglecting your books? (Or maybe you’re already there) These potential pitfalls might send you running for the hills and wondering why you haven’t outsourced your bookkeeping to professionals yet.

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The 10 commandments for clients of accountants

Accounting Fun

1. You shall have no other advisers beyond me 2. You shall not make for yourself any graven image of a tax inspector to throw darts at. 3. You shall not take the name of the Chancellor in vain (more than once a week) 4. Remember the 31st of January to keep it holy. If you have not saved up to pay your tax by then, you may as well rest on that day. 5.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Can NDAs Help Secure Customer Information?

NACM

?️ On today's episode of NACM's Extra Credit podcast. Signing a Non-Disclosure Agreement (NDA) has become standard practice for credit managers seeking access to sensitive customer financial information.⭐ Hear from Joseph Lange; Stephen Ennis and Steve Frederiksen!

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