Fri.Jan 17, 2025

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IRS to test faster dispute resolution

Accounting Today

Three pilot programs aim to increase the use of 'fast-track settlement' in the agency's different divisions.

Tax 278
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Why Automating Your Schools AP is the Key to Greater Efficiency

Compleatable

Lets face it running a school is a juggling act. Between managing budgets, approving invoices, and ensuring everything runs smoothly, it can sometimes feel like there just arent enough hours in the day. Thats why automation is no longer a luxury its a necessity. Whether youre part of a single school or a multi-academy trust, automating processes like purchasing and accounts payable (AP) can save time, reduce stress, and free up your team to focus on what really matters: supporting students and t

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Werfel resigns as IRS commissioner

Accounting Today

IRS commissioner Danny Werfel announced plans Friday to resign next Monday, Jan. 20, coinciding with Inauguration Day.

Tax 264
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Top Remote Accounting Candidates for Hire | January 17, 2025

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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IRS revises guidance on residential clean energy credits

Accounting Today

The IRS has updated and added new guidance for claiming the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit.

Tax 242
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W-9 Automation: Streamlining Tax Compliance and Vendor Management

oAppsNet

The W-9 form is critical in the complex world of tax compliance and vendor management. This essential document, issued by the Internal Revenue Service (IRS), is used by businesses to collect taxpayer identification information from vendors, freelancers, and contractors. Despite its importance, manual handling of W-9 forms can be time-consuming, error-prone, and inefficient.

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QuickBooks Hosting: Will It Enhance Multi-User Access for Teams?

Ace Cloud Hosting

If you’re part of an accounting team, you know how difficult it can be to wait to access up-to-date company files. More than convenience, it is a critical aspect of.

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On the move: LLME adds audit partner

Accounting Today

Two leaders exit SEC; Illinois CPA Society welcomes largest class of Mary T. Washington Wylie Internship Preparation Program scholars; and more news from across the profession.

Auditing 130
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Accounting Principles of Financial Accounting

Black Ink Tax & Accounting

Table of Contents Why Statement of Cash Flow is Important: Understanding Cash Flow Statement A statement is one cashflow that […] The post Accounting Principles of Financial Accounting appeared first on bitaccounting.

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Tech news: CPA.com announces updates to Dynamic Audit Solution

Accounting Today

Plus, Corecentric enhances its International Tax Management Engine; and other accounting tech news and updates.

Auditing 130
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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How Can I Become an Accountant

Black Ink Tax & Accounting

Table of Contents How Can I Become an Accountant: Steps, Degrees, and Career Paths Changing your designation from a bookkeeper […] The post How Can I Become an Accountant appeared first on bitaccounting.

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Steps to take as bonus depreciation phases down

Accounting Today

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

Tax 130
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Are accountants the best patients for surgeons to operate on?

Accounting Fun

Five surgeons are discussing who makes the best patients to operate on. The first surgeon says, "I like to see accountants on my operating table, because when you open them up, everything inside is numbered." The second responds, "Yeah, but you should try electricians! Everything inside them is colour coded." The third surgeon says, "No, I really think librarians are the best; everything inside them is in alphabetical order.

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Surging long-term rates stoke GOP tensions on paying for tax cut

Accounting Today

The mood in markets and the financial situation are starkly different from 2017, when Trump and congressional Republicans passed a deficit-expanding tax cut.

Tax 130
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.