Tue.Mar 12, 2024

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IRS officially launches Direct File free tax-filing program

Accounting Today

The pilot program is expanding in the 12 states where it's available.

Tax 328
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Financial Challenges Faced by Non-Profits and Solutions to Help Them Succeed

Accounting Department

Non-profit organizations often stand at the frontier of social change, operating with the noblest of causes but facing challenges unique to their sector, particularly in the financial realm. With a mission-driven focus and often a limited budget, navigating the complex financial landscape of a non-profit can be daunting.

Budgeting 234
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Early identification of operational distress is key

Accounting Today

While every company is different, there are 12 operational areas distressed businesses often miss, which can foretell a deteriorating financial condition.

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Setting the record straight on tax preparation 

Intuit

Intuit is an advocate for taxpayers and is committed to tax simplification. Every year, we help millions of taxpayers navigate an ever-complex tax code so they can confidently file their taxes. Our mission is to power prosperity around the world, and that commitment is why we fight to ensure our customers receive every single dollar they’ve earned and deserve.

Tax 130
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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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IRS warns of money mule networks

Accounting Today

Criminals are exploiting networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.

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Recon Your Way to QB Talks on March 20, 2024

Insightful Accountant

If you're into revenue recognition you better reconnoiter our upcoming QB Talks on Wednesday, March 20, 2024 at 2:00 PM Eastern when Alicia Katz Pollock will teach you all about this new feature in QBO Advanced.

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Roman Kepczyk on Securing Accounting Firms During Busy Season: 5 Expert Tips

Insightful Accountant

In this episode,Roman Kepczyk, a CPA and director of firm technology strategy at Rightworks, discusses the importance of security in accounting firms.

CPA 103
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Few audit execs use gen AI — for now

Accounting Today

A recent survey from Gartner found that few audit executives report using generative AI in their department, but many say they expect to do so in the future.

Auditing 235
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Nanonets Raises $29 Million to create Autonomous AI Agents for business workflows

Nanonets

We’re super thrilled to announce that we’ve raised $29 million in our Series B funding round led by Accel India in our journey to reimagine how businesses manage workflows! The funding round also saw participation from existing investors Elevation Capital, YCombinator and others. This takes the total funding raised till date to $42M. Where We are Today For a few years now Nanonets has been the go-to choice to manage documents, capture information and simplify communication –

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'Trust gap' widens between execs and employees, customers

Accounting Today

Company leaders think their employees and customers trust them more than they actually do, according to PwC's Trust Survey.

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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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Top 7 Benefits of Hosting Lacerte Tax Software on the Cloud

Ace Cloud Hosting

Lacerte from Intuit is one of the most popular tax filing software for professionals and businesses. Working with Lacerte tax software on your local system can be cumbersome and a.

Tax 64
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Arvo Tech acquires two accounting firms

Accounting Today

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

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The AWS Enterprise Discount Program (EDP) Guide

Economize

What is AWS EDP? The surge in cloud consumption necessitates exploring cost-optimization strategies. Amazon Web Services (AWS) Enterprise Discount Program (EDP), is one such program designed to incentivize high-volume users with significant savings and discounts. AWS EDP is a customized program tailored to meet the specific needs of high-spending enterprise customers.

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Sales tax rate changes hit new high

Accounting Today

Changes in rates and rules at every level require advisors to stay on their toes.

Tax 182
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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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Uncovering the Benefits of Subscription-based Business Models

Billing Platform

The subscription economy is booming , and with good reason. Whether a consumer or business, you can purchase a subscription for virtually anything – from clothing and coffee to software and data storage. Today, nearly everything and anything is offered on a subscription model basis, including products and services previously thought unsuitable for this business model such as vehicles, healthcare, and accommodations.

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Ex-Credit Suisse client charged in 35-year tax scam

Accounting Today

A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group AG, UBS Group AG and other Swiss banks to hide more than $20 million in assets from U.S. tax authorities over 35 years.

Tax 182
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Reasons to Go Paperless: Unlocking the Benefits of Digital Transformation

oAppsNet

In an era of technological advancement and digital innovation, organizations across industries increasingly embrace paperless initiatives as a strategic imperative for driving operational efficiency, enhancing collaboration, and reducing environmental impact. Going paperless involves digitizing manual, paper-based processes and transitioning to electronic alternatives, such as digital documents, electronic signatures, and cloud-based storage solutions.

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Lenders score win as IRS sidelines plan to restrict tax data

Accounting Today

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

Tax 150
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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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What is Record-to-Report (R2R Process) in Finance?

Nanonets

Record-to-Report (R2R) is a critical finance management process in corporate finance, which focuses on collecting, processing, and delivering accurate financial data. This process encapsulates everything from recording financial transactions to the preparation and reporting of financial statements and performance reports that stakeholders use to make key decisions.

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In the blogs: Chips are falling

Accounting Today

R&D and China; billable versus subscription; trailblazers; and other highlights from our favorite tax bloggers.

Tax 133
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Accrued rent income definition

Accounting Tools

What is Accrued Rent Income? Accrued rent income is the amount of rent that a landlord has earned in a reporting period , but which has not yet been received from the tenant. A landlord using the accrual basis of accounting should record this income, in order to recognize it in the period in which it was earned. Accounting for Accrued Rent Income The amount of any accrued rent income should not be recorded if it is probable that the tenant will not pay, and there is no alternative method for rec

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Member Spotlight: Tools for Success

NACM

Earning the Credit Business Associate (CBA) was a way for Tina Rodgers, CBA, credit manager at Spartan Chemical Company, Inc. (Maumee, OH) to deepen her understanding of credit principles. "I wanted to earn this designation to enhance my credibility in the field of credit management," Rodgers said.

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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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IRS Agents Working From Home Can Watch H&R Block Reality TV Show

Cloud Accounting Podcast

We're celebrating surpassing 10,000 YouTube subscribers! Thank you! Blake and David look into H&R Block's new reality show about teaching people life skills like doing their taxes. They also talk about workflow automation challenges for accounting firms, how the IRS is contacting wealthy non-filers, and the Trump Organization CFO pleading guilty to perjury.

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