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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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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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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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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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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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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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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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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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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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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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