Thu.Feb 29, 2024

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IRS targets wealthy who haven't filed taxes with non-filer notices

Accounting Today

The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017.

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Why Outsourcing Account Receivable Make Sense

Outsourced Bookeeping

The efficient management of business finance is crucial for every competitive firm that aims to evolve and remain relevant within the corporate sphere. As businesses are evolving and aiming to be the best, new accounting methods are rapidly taking over the old. Since necessity is the mother of all inventions, the concept largely applies to the accounts receivable processes as well.

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Sage unveils host of new products, features and partnerships

Accounting Today

Sage, the company behind Sage Intaact and other products, announced a host of new products, features and partnerships at its Las Vegas conference.

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Introduction to Tax Relief for American Families and Workers Act of 2024

Remote Quality Bookkeeping

Picture a future where the tax system works for you, not against you. Doesn’t seem too far-fetched? Welcome to the reality of the Tax Relief for American Families and Workers Act of 2024. As a pivotal landmark in American financial legislation, this Act promises to shake up the traditional view on taxes. Instead of merely an obligatory responsibility, taxation becomes an opportunity for economic growth for individuals and businesses alike.

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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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Tax Fraud Blotter: Losing bets

Accounting Today

Shamrock shake-up; now for the slow life; Superiority complex; and other highlights of recent tax cases.

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Accountingfly Monthly Hiring Update: February 2024

accountingfly

Accountingfly Monthly Hiring Update: February 2024 Welcome to Accountingfly’s new monthly market update for accounting leaders! As leading recruiters in the accounting industry, we review thousands of candidates and talk to dozens of employers every month. Our goal is to share some of the insights, market trends, and issues that we see developing to help you keep your finger on the pulse of the market.

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Streamlining QuickBooks Payments: Eliminate Challenges with AP Automation

MineralTree

Efficient digital payments are critical for accounts payable (AP) teams to streamline the AP process and maintain strong relationships with vendors. However, managing payments through QuickBooks alone involves resource-intensive manual processes and limits teams’ ability to handle diverse invoice types. These hurdles stifle efficiency and accuracy, hindering the overall productivity and success of AP teams.

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Overcome accounting complexities before an oil and gas acquisition

Accounting Today

Complex transactions in this industry can trigger accounting and reporting issues that may result in SEC letters, restatements and challenging conversations with investors.

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Intuit Redefining QBO User Roles

Insightful Accountant

Beginning this May, Intuit will begin updating user roles that you or your clients may be using to manage user access in QuickBooks Online.

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FAF reevaluates role of PCC

Accounting Today

The Financial Accounting Council is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.

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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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eTreem imbedded AR payment processing for QBO

Insightful Accountant

eTreem is AR software with imbedded payment processing that integrates with QuickBooks Online.

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British trader pleads guilty to tax scandal charges in Denmark

Accounting Today

A British hedge fund trader pleaded guilty to allegations he helped swindle Denmark out of about 8.4 billion kroner ($1.2 billion) in a massive Cum-Ex scandal that rocked the Nordic country.

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Rare Disease Day Hits Home with AccountingDepartment.com

Accounting Department

Rare Disease Day is the globally coordinated movement on rare diseases, working towards equity in social opportunity, healthcare, and access to diagnosis and therapies for people living with rare diseases.

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Xero announces gen AI solution as part of wider AI push

Accounting Today

Business management solutions provider Xero announced a new generative AI solution as part of a wider push to incorporate more AI into its products.

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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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Small Business in 2024: Tackling High Interest Rates and Credit Crunch

FundThrough

Welcome to 2024, a year that’s already presenting a significant challenge for small businesses with the one-two punch of high interest rates and rising inflation. It’s a scenario that’s putting the financial resilience of entrepreneurs to the test. With the Bank of Canada’s key rate steady at 5% and similar U.S. rates peaking at a […] The post Small Business in 2024: Tackling High Interest Rates and Credit Crunch appeared first on FundThrough.

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Microsoft testing Copilot for Finance

Accounting Today

Microsoft is making its Copilot for Finance generative AI solution available for public testing.

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Lyft's Big Financial Typo

Cloud Accounting Podcast

Blake and David discuss the Lyft financial typo that sent its stock price soaring. They also examine how AI-powered help desks and customer service are improving efficiency by 10-20%, and look at some alternatives to the pesky 150-hour rule. Other news includes the future of commercial real estate taxes, the use of AI tools to monitor employee communications, and how the IRS plans to collect over $500 billion more in owed taxes.

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SEC sues ex-CEO of AI startup for fraud

Accounting Today

Paul Pereira denied making false and misleading statements about his company's performance to boost its stock.

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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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Automation is transforming accounting: How to be prepared in 2024

Accounting Today

Automation is transforming accounting: How to be prepared in 2024