Mon.Jun 10, 2024

article thumbnail

Supreme Court finds life insurance proceeds increase estate value

Accounting Today

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Tax 305
article thumbnail

Groceries, Gas and QuickBooks - Infalation Continues

Insightful Accountant

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

KPMG initiative helps nonprofits use AI

Accounting Today

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.

article thumbnail

Starting a YouTube Channel for Your Tax Practice: A Beginner's Guide

Insightful Accountant

As practice owners, we’re always looking for ways to generate leads and attract new clients. One effective method to achieve this is by starting a YouTube channel. Check out this beginner's guide!

Tax 59
article thumbnail

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

article thumbnail

How to chow down on Uncle Sam's business meal deductions

Accounting Today

Tax deductions for meals come with a 50% limit in most cases. Here's a mini guide to noshing breaks for financial advisors, tax professionals and their clients.

Tax 235
article thumbnail

10 Red Flags to Investigate When Selecting a QuickBooks Hosting Provider

Ace Cloud Hosting

QuickBooks, a popular accounting software developed by Intuit, has transformed how businesses manage their finances for decades. Its user-friendly interface and comprehensive features make it an ideal choice for businesses.

More Trending

article thumbnail

Amazon S3: Your Ultimate Guide to AWS Cloud Storage Solution

Economize

With the advancement of cloud technology, efficient and secure cloud storage solutions have become essential for both businesses and individuals, providing unparalleled access and protection to your data. Among the myriad cloud storage solutions available, Amazon Web Services’ Simple Storage Service, or Amazon S3, stands out as a leader.

article thumbnail

Tax leaders worried about election results

Accounting Today

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

Tax 189
article thumbnail

7 Best Payroll Software for Accountants in [2024]

Ace Cloud Hosting

In today’s fast-paced business environment, accountants wear many hats. From managing complex financials to ensuring tax compliance, they have a demanding workload. One area that can eat into their valuable.

Payroll 59
article thumbnail

CLA Global names new CEO

Accounting Today

CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the formation of the network of independent accounting and advisory firms formed in July 2022.

article thumbnail

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

article thumbnail

Choosing the right accounting software for your small business

Ontrack Bookkeeping

Selecting the right accounting software is a crucial decision for your small business’s financial health and accuracy. With numerous options available, this process can seem daunting, but making an informed choice is essential to streamline operations and mitigate risks such as financial fraud and regulatory non-compliance. Introduction The challenge of choosing appropriate accounting software stems from the need to balance functionality, ease of use, and cost-effectiveness.

article thumbnail

Art of Accounting: Planning is a lot more than what you think it is

Accounting Today

Stanley Goldstein's suggestions offer advice for building a successful career.

article thumbnail

10 Ways to Prepare a Cash Flow Statement Model That Actually Balances

Invoicera

Introduction You have come to the correct spot if you are looking for information on creating a cash flow statement model. A cash flow statement mimics the flow of funds into and out of your business to give you a more realistic picture of your current financial situation and the possibility of future changes. Even though cash flow statements are usually simple to understand, their capacity to convey correct information can be significantly diminished by a few common misconceptions about how the

article thumbnail

Revolutionizing Accounts Payable: The Power of Automated AI Invoice Processing

Billing Platform

As business technology evolves, artificial intelligence (AI) is poised to make significant contributions in all areas of finance. Automated AI invoice processing is transforming the way organizations manage their finances, leading to increased efficiency, accuracy, and cost savings. The use of AI and machine learning means that businesses can harness the power of technology to dramatically reduce costs, anticipate issues and automate billing and financial transactions.

article thumbnail

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.

article thumbnail

Best Way to Track Employee PTO: Excel, Google Sheets, Software, & Payroll Service

CSI Accounting & Payroll

Small businesses need to track employees’ paid time off (PTO). Is your method the right combo of cost, effort, & legal compliance? Here are the pros and cons of using Excel, Google Sheets, payroll software, & a payroll service.

Payroll 52
article thumbnail

Web Scraping Financial Data Using Python

Nanonets

For finance teams, data is everything. Making informed decisions requires up-to-date and accurate financial information. This includes analyzing market trends, spotting investment opportunities, and conducting thorough research. Enter web scraping. Web scraping is the process of extracting data from websites. It is a powerful technique that revolutionizes data collection and analysis.

article thumbnail

Unlock Exponential Growth: How VyaPay's Partner Program Empowers You

Insightful Accountant

In the booming financial tech world, businesses seek innovative solutions to streamline payments and enhance customer experiences. Partner with VyaPay to elevate your value proposition and capitalize on this trend as a business leader.

52
article thumbnail

Olympics Advertising: Trends for the 2024 Summer Games  

AvidXchange

Sporting events are some of the most-watched worldwide, with the Super Bowl and World Cup bringing in major ad revenue for broadcasters. This year, Olympics advertising is set to break records , already up 18% from the 2020 Tokyo Olympics according to NBCUniversal , which has broadcast rights for the Summer Olympics Games. The Paris 2024 Olympics will be the first since 2018 without major impacts from the pandemic, suggesting audiences may see major changes compared to previous Games.

article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

article thumbnail

Why a Multi-Payment Gateway is a Game-Changer

Gaviti

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to. One solution to this may be to implement multi-payment gateways.

article thumbnail

Trump floats tax-free tips in pitch to win Las Vegas workers

Accounting Today

Donald Trump said he'd scrap taxes on tipped earnings for hospitality workers if he wins the White House, calibrating his message for swing-state voters in Nevada as he fights back after his felony conviction.

Tax 298