Wed.Aug 28, 2024

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Federal tax lien notices drop significantly at IRS

Accounting Today

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

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Transforming Business Efficiency with Seamless Systems Integration

Accounting Department

In today's fast-paced business world, growing companies often find themselves accumulating multiple applications to enhance productivity. However, without proper integration, these applications can lead to siloed operations and data redundancies, ultimately hampering efficiency.

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Microsoft's AI spreadsheet, and other tech stories you may have missed

Accounting Today

Plus Google's about-face on cookies, the gadgets you need to keep working no matter what, and seven other developments in technology this past month.

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FinOps Tool Vendors Adopt FOCUS

FinOps Foundation

Key Insight: In addition to all major cloud infrastructure providers, third-party FinOps tool vendors are adopting the FOCUS for their platforms. Thousands of Practitioners rely on these tools to perform FinOps in their organizations. To help Practitioners understand this landscape, the FinOps Foundation will continue to track vendor adoption, and will eventually offer an official certification signifying conformance with the Specification.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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3 tax strategies for summer daycare, jobs and vacation rentals

Accounting Today

Property owners, entrepreneurs and parents can tap into savings available through credits, deductions and exemptions during the sunny season.

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SMBs and Consumers Differ on Payment Preferences

Insightful Accountant

Xero data reveals a mismatch in payment preferences between small businesses and consumers. Nine out of ten consumers favor paying by card, while 30% of SMBs don't accept cards for payment.

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Is Intuit Going Enterprise? In THIS Economy?

Cloud Accounting Podcast

In this episode, Blake and David dive into Intuit's strategic shift towards enterprise solutions, discussing the potential impact on the accounting industry. They also examine some recent economic trends, including the U.S. debt situation and its comparison to historical empires. They then get into audit deficiency rates reported by the PCAOB, highlighting the need for transparency and reform in the auditing profession.

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IASB to publish proposed IFRS update

Accounting Today

The document will be available for comment on the International Financial Reporting Standards website.

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App Aware: Amalgam

Insightful Accountant

Amalgam is productivity software for accounting and finance teams by reducing the time spent with manual record-keeping and data entry.

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Intuit partners with nonprofit to fill pipeline

Accounting Today

Intuit and nonprofit Education at Work announced a pilot program to employ college students at TurboTax, helping them gain experience while earning tuition money.

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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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My Firm’s Worst Marketing Fails (And Lessons Learned)

Future Firm

Learn from my marketing missteps at Xen Accounting. In this episode, I share my biggest failures to help you save time, money, and effort. The post My Firm’s Worst Marketing Fails (And Lessons Learned) appeared first on Future Firm.

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Ernesto victims in Virgin Islands get tax relief

Accounting Today

The IRS is pushing back filing and payment deadlines for those impacted by the storm on all four islands.

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7 Ways CFO Can Improve Cash Flow Management

Analytix Finance & Accounting

Navigating financial challenges can feel like a rollercoaster ride, especially for small and medium-sized businesses. With market swings, industry shifts, and the constant push for growth, managing cash flow can be challenging. Get ready to explore seven powerful and proven ways to increase cash flow and grow your business. 1) Optimize Cash Flow Forecasting Predicting cash flow accurately is important for managing your finances well.

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KPMG US forms Independent Audit Quality Advisory Committee

Accounting Today

KPMG US has established an Independent Audit Quality Advisory Committee, along the lines of its fellow Big Four firms, in an effort to improve its audits amid tougher inspections and enforcement by the Public Company Accounting Oversight Board.

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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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Vendor Contract Management

Tipalti

Discover the key elements of successful vendor contract management, including strategies and tools to optimize vendor relationships and drive business success.

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Internal audit faces a critical decade ahead

Accounting Today

The IIA Internal Audit Foundation's newly released Vision 2035 project sheds light on the challenges over the next decade.

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IRS Unveils Draft Form 1099-DA for 2025 Transactions

Insightful Accountant

The Internal Revenue Service (IRS) has released a draft of Form 1099-DA, "Digital Asset Proceeds From Broker Transactions," signaling a significant shift in the reporting requirements for digital asset transactions.

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What is a PO System

Tipalti

Ready to optimize your purchase order system? Learn what a PO system is, how it works, and tips for mastering its use to streamline your procurement process.

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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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Odoo Alternatives

Tipalti

Discover the best CRM systems that serve as great alternatives to Odoo, offering powerful automation features and flexibility for your business needs.

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Finance and Procurement

Tipalti

Discover strategies to enhance collaboration between procurement and finance teams. Learn how to encourage teamwork, streamline processes, and achieve optimal business results.

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Category Management

Tipalti

Master critical category management principles with step-by-step guidance and best practices to enhance supplier relationships and streamline procurement.

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Netsuite Purchase Order

Tipalti

Learn how to navigate purchase orders and the PO process in NetSuite. Streamline your workflows by implementing best practices and robust NetSuite add-on integrations.

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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.