Wed.Jan 31, 2024

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Reshaping the pyramid

Accounting Today

The accounting profession is in the midst of a vast experiment with a host of new ways to structure how firms are owned and managed.

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Simplified and Automated Cloud-Based Tax Calculations with AvaTax

Accounting Department

AvaTax by Avalara is a groundbreaking solution that revolutionizes the way businesses handle tax calculations. This cutting-edge cloud-based software simplifies the complexity of tax calculations, ensuring accuracy and efficiency every step of the way.

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House passes bill expanding Child Tax Credit and business breaks

Accounting Today

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

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Buying Out Partners, Implementing Workflow, and Referral Systems to 2X Growth

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello interviews Jennifer Ryan, the owner of Bookkeeping Direct. Jenny shares her journey from initially joining the firm as a contractor to eventually buying the business in 2016. She highlights the company’s impressive growth of 140% in the past year and discusses how the firm expanded its staff to four members.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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Problems found in new IRS online 1099 portal

Accounting Today

The Internal Revenue Service has been working to resolve a problem that was preventing businesses and tax professionals from using a new online portal where they could file their 1099 forms for free.

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10 IRS Red Flags

Insightful Accountant

Audits are unpredictable, with some being random and others based on income, entity structure, or common errors. To minimize audit risk and save time, handle 10 red flags cautiously.

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More Trending

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ADP® Assist with Generative AI Features Makes HCM Decisions Easy, Smart and Human

Insightful Accountant

Comprehensive AI solution transforms ADP's vast work data into actionable insights

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IRS collection notices are coming back

Accounting Today

Tax pros and taxpayers should be aware that the IRS is restarting its 'collection notice stream.

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IRS to offer an Employee Retention Credit Webinar on Feb. 8

Insightful Accountant

As part of an ongoing process to educate and inform people about the Employee Retention Credit (ERC), the Internal Revenue Service will host a free ERC Voluntary Disclosure Program webinar on Thursday, Feb. 8 at 2 p.m. EST.

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The 'Call Your Mom' strategy for CPA firm communication

Accounting Today

Seek feedback from someone outside your professional circle who isn't mired in industry jargon.

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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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On-demand webinar Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders

Cevinio

Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders Join us for an insightful exploration into designing future-proof purchase-to-pay operations with our special guest, Alpar Toth, currently GBS Leader at Pandora. In this session, we delve into what it takes to build a robust P2P function that ensures the success of its operations today and tomorrow.

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The firm structures of the future

Accounting Today

A glossary of all the new or newly popular ways accountants are organizing their practices.

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Meet 2023 Top 25 Up-N-Coming ProAdvisor Jennie Morris

Insightful Accountant

We sat down with Jennie to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, her path to success, and her hands-on approach to her clients.

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Private sector added 107K jobs in January

Accounting Today

Private sector employers added 107,000 jobs in January as annual pay grew 5.2% on a year-over-year basis, payroll giant ADP reported.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Ep. 250: Yerbol Orynbayev - Lessons in Crisis Management and Restructuring

IMA's Count Me

Welcome to the Count Me In Podcast! Join host Adam Larson as he chats with the insightful Yerbol Orynbayev , a seasoned leader with a wealth of experience in both the public and private sectors. Yerbol shares compelling stories and lessons from his remarkable career, including his tenure as the deputy prime minister of Kazakhstan and his pivotal role in restructuring a major bank.

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Small businesses see wage growth start to stagnate

Accounting Today

Hourly earnings growth for employees is slowing, even as job growth continues, according to a new report from Paychex.

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What is Month End Reconciliation? Guide & Best Practices

Nanonets

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. It involves recording, reviewing, and reconciling records at the end of every month. Month-end reconciliation is the most important part of the month-end close process. It’s a crucial step to ensure that you prepare an accurate set of statements for financial reporting, planning, and tax compliance.

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BooXkeeping works to expand franchises across country

Accounting Today

The Las Vegas-based franchising company that works with other franchises is extending its reach nationwide.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Top 5 Accounting Insiders Podcasts

Insightful Accountant

We have looked at the stats and here's the list of our top 5 most popular podcasts of all time. If you have not listened to them, grab a cup of coffee and take a break!

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Fujitsu promises better quality control after UK post office scandal

Accounting Today

The Tokyo-based technology company is the subject of an inquiry into a glitch in its Horizon accounting software that led to the wrongful accusations of theft, fraud or false accounting of sub-postmasters.

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The 1 Business System That Maintains My Sanity

Future Firm

Learn my journey of implementing a system in my business that shifted me to a much more relaxed and stress-free mindset. The post The 1 Business System That Maintains My Sanity appeared first on Future Firm.

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Armanino releases SOC 2 exam tool

Accounting Today

Top 25 firm Armanino released Audit Ally, a SOC 2 examination tool.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Enhanced Spending Control and Visibility with Spenmo

Spenmo

Despite the clear advantages of automation in terms of financial savings and operational efficiency, many finance functions still need to catch up and adapt. Finance teams spend much time manually sifting through journal entries, invoices, and other documentation to identify and correct errors. According to a report by the Institute of Financial Operations & Leadership , 56% of accounts payable teams spend over 10 hours processing invoices weekly, and an alarming 82% still manually enter inv

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M&A watch: NDH and Magone expand

Accounting Today

NDH Advisors merges in Jain & Jain; and Magone & Co. plans to add Wurdemann, Pinto & Co.

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Time Management and Productivity Techniques to Maximize Efficiency

Insightful Accountant

On average, employees spend around 2 hours and 53 minutes being productive out of an eight-hour workday. By implementing effective techniques, you can reclaim the 69% of the day that would otherwise be wasted.

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Member Spotlight: Fostering Personal and Professional Growth

NACM

Continuous learning is indispensable for credit professionals, serving as the cornerstone for their professional success and organizational effectiveness. By earning designations through NACM's six-level Professional Certification Program, credit professionals gain the necessary knowledge and skills required to advance in their career. Beyond mere.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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House Speaker Johnson to allow vote on business, child tax breaks

Accounting Today

Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.

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