Thu.Jun 20, 2024

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Intuit expands IDEAS Program

Intuit

In partnership with the Los Angeles Urban League, we announced the expansion of the Intuit IDEAS (Invest, Develop, Empower, Accelerate, and Scale) Program. The program, which began as a pilot in Los Angeles, will now expand to a total of 100 small business owners; applications for the three cities are now open in Atlanta , Los Angeles and Philadelphia.

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IRS will resume paying ERC claims slowly to safeguard against fraud

Accounting Today

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer but is not lifting its moratorium.

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Mastering pricing and packaging for accounting and bookkeeping services

Xero

As a business owner, would you be happy or sad if you got a hundred new clients tomorrow? Getting more business sounds exciting, but can be daunting if bookkeeping and accountancy practices aren’t set up to scale effectively. There is a slow but steady shift towards value-based pricing, rather than traditional hourly billing. If you want to adopt a pricing model based on the value you offer and the outcomes you deliver, where do you start?

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Burnout epidemic, a wake-up call for the accounting profession

Accounting Today

We've been talking about the burnout crisis for decades, but the talk needs to turn into action.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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2025 ProAdvisor Awards - Advantages of Self-nomination

Insightful Accountant

Some ProAdvisors feel odd about nominating themselves, you really shouldn't. more than 70% of those achieving award status in our 2024 process were self-nominees. Murph tells you the advantages of self-nomination in today's feature.

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Tax Fraud Blotter: All the trimmings

Accounting Today

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

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Supreme Court upholds US tax on foreign business income

Accounting Today

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

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Building Diverse Accounting Teams, Vaca’s During Tax Season, & More w/ Nayo Carter-Gray

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello welcomes back Nayo Carter-Gray , owner of 1st Step Accounting. Nayo, an enrolled agent and Advanced Certified QuickBooks Online Pro Advisor, is known for making accounting less taxing. The conversation also covers the importance of diversity and inclusion in various aspects of business, setting boundaries in work, and prioritizing work-life balance, accounting automation, and technology in the accounting industry.

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Grow or go: 6 considerations for selling or buying a firm

Accounting Today

It's critical to build a team around you to ensure the right questions are asked and answered.

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QuickBooks Cloud Accounting: What Are the Options for Accessing QuickBooks Virtually? (Blog Series Part 2)

Ace Cloud Hosting

Welcome to the second installment of our blog series on “QuickBooks Cloud Accounting.” In the previous blog, we explored “What QuickBooks Cloud Accounting Is and Why It is Needed” In.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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CLA Global CEO plans further expansion

Accounting Today

Paul English plans to further extend the accounting and advisory firm network to more countries.

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Want to solve the US accountant shortage? Argentina may have the solution.

Blake Oliver

Want to solve the US accountant shortage? Argentina may have the solution! I know it sounds crazy, but hear me out. I recently spoke with Nicolás Villafañe , an accountant from Argentina (and partner at South Offices), on The Accounting Podcast. What he shared about the accounting profession in his country blew me away. In the States, we're struggling to attract new talent.

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How Will Automation Software Change Payment Processing?

oAppsNet

As businesses continue to evolve in the digital landscape, automation software is set to play a pivotal role in transforming payment processing. This shift is about improving speed and efficiency, enhancing security, and providing a seamless experience for businesses and consumers. This article explores the various facets of how automation will reshape the payment processing industry. 1.

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Asset Sale vs. Stock Sale: Pros and Cons for Selling a Business

CSI Accounting & Payroll

Whether you’re trying to sell your business or buy a business , you should know whether a stock sale or an asset sale is more beneficial for your situation.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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IRS Progresses in Employee Retention Credit Review, Flags Majority as Improper

Insightful Accountant

IRS denies high-risk claims and processes low-risk ones. Scrutiny continues as compliance work hits $2B—consultation with Congress on moratorium.

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ChatGPT Beats Humans at Financial Statement Analysis

Cloud Accounting Podcast

Sponsors LiveFlow - [link] RightRev - [link] Makers Hub - [link] Chapters (00:38) - Blake's Conference Adventures (03:13) - AI and the Future of Auditing (05:16) - Insights from the IMA Conference (10:00) - The AI Tipping Point (14:48) - Microsoft Announces Delay of Their Ai Recall Tool (21:33) - AI in Financial Statement Analysis (34:12) - Community and Future Plans (38:08) - Synapse Bankruptcy and What It Means for FinTech Banks (49:50) - PwC and OpenAI Partnership (51:39) - EY Is Spending $1

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Prepaid income definition

Accounting Tools

What is Prepaid Income? Prepaid income is funds received from a customer prior to the provision of goods or services. The prepaid income concept is usually seen in businesses that require prepayment for the manufacture of custom goods. It is not used in other industries, such as retailing, where payment is always made at the time of sale or later. Accounting for Prepaid Income Prepaid income is considered a liability , since the seller has not yet delivered, and so it appears on the balance shee

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Global Engineering Days: the Heartbeat of Intuit’s Innovation Culture

Intuit

Intuit’s Global Engineering Days (GED)—a week-long code-a-thon that brings together technologists from all corners of the globe—has long been a driving force behind the company’s mission to power prosperity for millions of consumer and small business customers. The May 2024 proved to be a powerhouse of creativity and innovation, marking the highest participation ever for Intuit’s global tech community who gathered to “Build our Next Chapter” at Intuit.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Payment on account definition

Accounting Tools

What is Payment on Account? A payment on account occurs when a payment is received from a customer , and there is no notation with the payment regarding which invoice is being paid. A payment on account can also refer to an advance payment, which the recipient then applies to subsequent invoices as they are generated. Accounting for a Payment on Account When a payment on account transaction occurs, the seller records the payment in a pending account, while depositing the check and maintaining al

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There Are No Runners

FinOps Foundation

Key Insight: While you can get to a Run state for individual FinOps Capabilities, your entire practice can not exist in a perpetual Run state across all Capabilities. Clouds, business strategies, and the economy are changing all the time. Mature FinOps practices have the ability to prioritize Capabilities that are important right now, and deprioritize others as changes occur.

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What is Enterprise Billing: An Overview

Billing Platform

Enterprise billing refers to an advanced and sophisticated system designed to meet the complexities of large-scale businesses across all billing processes like invoicing, payment processing, dunning, collections, revenue recognition, taxation, credits and refunds, etc. It leverages automated and integrated tools that streamline the entire billing process and facilitate accurate and timely billing.

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FOCUS 1.0 is Now Available. Practitioners and Clouds Continue Adoption.

FinOps Foundation

Key Insight: FOCUS is the unifying format for cloud bills. The FOCUS 1.0 release has been formally ratified for General Availability. FOCUS is being adopted by end user FinOps Practitioners, leading cloud Infrastructure-as-a-Service (IaaS) providers, and FinOps tool vendors, who all benefit from removing complexity associated with cloud billing data normalization.

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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!