Tue.Jul 02, 2024

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IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

Tax 315
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Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

Accounting Department

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

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A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

Tax 317
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No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

Billing 105
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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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More companies seek assurance over ESG info from audit firms

Accounting Today

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

Auditing 214
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11 Accounting Advisory Services Your Firm Can Offer

Jetpack Workflow

If you’re part of the 80% of global accounting firms planning to add or expand their advisory services soon, you may be weighing which specific services you want to include and how to price them appropriately. Expanding into a new service department like client advisory services (CAS) can be a win-win scenario for you and your clients. It can offer your firm stable, recurring revenue outside tax season.

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IRS Service Challenges: Insights for Tax Professionals

Insightful Accountant

National Taxpayer Advocate's report exposes IRS service metric flaws. LOS metric, based on answered calls, lacks full taxpayer interaction data. 88% LOS for 2024 is misleading, covering only 35% of phone lines without ensuring issue resolution.

Tax 59
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Small business added jobs at slower pace in June

Accounting Today

Small businesses with fewer than 50 employees continued to add jobs in June, albeit at a slower rate, but wage growth remained steady, payroll processor Paychex reported.

Payroll 189
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AWS EKS vs ECS: Which is Better for Container Management?

Economize

For many AWS users, choosing between Amazon EKS vs ECS is a common challenge. With the increasing popularity of containerized applications, having an efficient container orchestration platform is indispensable. Both EKS and ECS deliver powerful solutions for deploying, managing, and scaling containers, though they feature different capabilities and use cases.

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SVB Financial bonds rise after $600M cut to tax bill

Accounting Today

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

Tax 154
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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Maximize the New Features in QuickBooks Online Accountant

Insightful Accountant

To maximize the benefits of the latest enhancements in QuickBooks Online Accountant (QBOA), it's essential to understand, and effectively implement, the new features designed to streamline your accounting and bookkeeping practices.

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Crypto trends accountants need to know

Accounting Today

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

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ESG Beginning Steps and Best Practices

oAppsNet

Embarking on an ESG initiative starts with understanding what Environmental, Social, and Governance (ESG) really means. These three pillars are crucial for assessing a company’s economic performance, social responsibility, and environmental impact. For instance, the environmental aspect focuses on a company’s practices related to energy use, resource conservation, and pollution reduction.

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PwC's new leadership goes back to the future ahead of schedule

Accounting Today

Struggling with management structure seems endemic to the professional services business, almost regardless of the size of the firm.

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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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My ADHD Accounting Journey

Blake Oliver

So recently, I found out I have ADHD. I was diagnosed 30 years ago but didn't know it. Here's what happened: Last year, I finally downloaded TikTok The algorithm started pushing me ADHD influencer content, making me wonder if I had it Over dinner, I casually mentioned this to my parents My mom dropped the bombshell: "Oh, you do have ADHD." Turns out, I was diagnosed at 10, but my parents never told me.

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In the blogs: Unprecedented waves

Accounting Today

Post-Chevon; sending your marketing out; new blog in town; and other highlights from our favorite tax bloggers.

Tax 145
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Be Insightful Premium Content For Accounting Professionals

Insightful Accountant

Insightful Accountant wants you to Be Insightful which is why we've launched our Premium Content offering featuring specialized training to help you grow your practice.

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Pig Butchering & Mouse Jiggling

Cloud Accounting Podcast

Blake and David explore the intersection of AI, remote work, and accounting technology. They take a look at the phenomenon of "mouse jiggling," examine various AI tools reshaping the accounting industry, and analyze a survey showing widespread adoption of AI in the workplace. There's also a review of different AI chatbots, highlights on new AI-powered accounting startups, and a brief look at the U.S. government's online passport renewal system.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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My Early Days in Accountancy: The World of Audit

Compleatable

My accountancy career started in the exhilarating (OK it wasn’t) world of audit which basically revolves around checking other companies’ accounts and looking for the errors, non-intentional or otherwise that organizations may be making in their public pronouncements of their financial results. Of course, not many did, at least not in the ones that I worked on, but that didn’t stop us from trawling through endless pieces of paper, sales invoices, purchase invoices, bank statements, legal a

Auditing 100