Mon.Jul 22, 2024

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Accounting Today news quiz: July 22

Accounting Today

Test your accounting knowledge on chief AI officers, Operation Hidden Treasure, and more. No. 2 pencil not required!

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2025 U.S. ProAdvisor Minimum Qualifications

Insightful Accountant

We made a slight change in the minimum qualifications for the 2025 ProAdvisor Awards, but it could significantly impact qualified applicants.

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Art of Accounting: My wife wanted to call the gardener…

Accounting Today

There is a tendency to keep the clients we have, whether they are overgrown or not, or whether or not they still fit.

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Simplifying Retirement Solutions: How Guideline Pro Empowers Financial Professionals

Insightful Accountant

Retirement savings plans, particularly a 401(k), are a major consideration for many workers. Financial professionals can play a key role in helping businesses establish these plans, but the process can often be complex and time-consuming.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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Mindful technology: Balancing digital tools and human connection

Accounting Today

It's all too easy to become consumed by our screens, losing touch with the human connections that are vital to our work.

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Jul 22, CRA News for Home Based Business Owners

Bookkeeping Essentials

CRA news for home based business owners doing their own bookkeeping. Keep abreast of relevant changes and announcements.

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AWS Split Cost Allocation Data for Container Cost Management

Economize

Introduction to AWS Split Cost Allocation Data AWS Split Cost Allocation Data is an essential feature designed to enhance cost visibility and management for Amazon EKS (Elastic Kubernetes Service) and Amazon ECS (Elastic Container Service).

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Accounting firms and growing threat of social engineering

Accounting Today

Social engineering raises some serious questions about data protection and compliance of accounting firms.

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A Cautionary Tale for Tax Practitioners

Insightful Accountant

The recent case of Gagliardi v. Prager Metis CPAs LLC (No. 1:23-cv-07454, S.D.N.Y. 2024) has sent ripples through the tax preparation community, serving as a stark reminder of the potential consequences for practitioners to file on time.

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Checkpoint Edge released with AI-Assisted Research feature

Accounting Today

Thomson Reuters announced the general release of Checkpoint Edge with CoCouncil, now sporting an AI-Assisted Research feature for tax research as well.

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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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How to Convert Image to Text in Microsoft Word

Nanonets

Images are everywhere – WhatsApp forwards, restaurant receipts, client emails , and your employee ID card. Images are the most common form of communication across channels. But how do you convert these images into editable Word files? In this article, we will learn how to convert an image to text using Microsoft Word. While this method doesn’t use OCR, we will also convert an image into a Word file using OCR and understand the differences.

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The practice leader's role in growth

Accounting Today

Service line leaders stand at the point where a firm's overall strategy meets the delivery of its actual services, says Sarah Dobek of Inovautus Consulting.

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Thomson Reuters launches new AI-Assisted Research skill for Checkpoint Edge with CoCounsel

Insightful Accountant

Thomson Reuters has launched a new AI-assisted research skill for Checkpoint Edge with CoCounsel to save users time on complex tax research.

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AI Guide for new CFOs

Nanonets

A handy checklist of must-have AI automations for every CFO AI is influencing how business leaders re-imagine their team’s daily tasks, company processes and resource allocation. Automation of repeatable manual tasks has been the biggest applications of various AI tools. However, with a shift towards Workflow Automation, application of AI is going beyond automating specific tasks but instead automating entire workflows including Accounts Payable, Accounts Receivable, Financial Close, Fina

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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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Slack time definition

Accounting Tools

What is Slack Time? Slack time is an interval that occurs when there are activities that can be completed before the time when they are actually needed. The difference between the scheduled completion date and the required date to meet the critical path is the amount of slack time available. The project manager should always be aware of where slack time exists in a project, since this time can be used to reshuffle the schedule to support the critical path.

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AWS Reserved Instances: Pros/Cons, Types & Use Cases

finout

What Are AWS Reserved Instances? AWS Reserved Instances (RIs) provide a discounted hourly rate and optional capacity reservation for Amazon EC2 and RDS services. By committing to a specific instance type and region for a predetermined period, users can reduce their computing costs up to 75% compared to on-demand instance pricing. This reservations model is suited for workloads with steady-state usage, such as a control plane component that always runs, regardless of the number of worker nodes.

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How Kamala Harris may shift the crucial tax debate in this year's election

Accounting Today

While she has promoted the Biden administration's policies, she has campaigned on ideas that are more far-reaching in scope than the president's plans.

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