Tue.Mar 05, 2024

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The fastest-growing firms in the U.S. — 2024

Accounting Today

The 25 accounting practices with the highest revenue growth in percentage terms in 2023 from Accounting Today's Top 100 and Regional Leaders list.

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SMB Sales Drop along with Economic Optimism

Insightful Accountant

Xero report shows additional declines in small business sales, and continuing pessimism by business owners about the 2024 economy.

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Court rules Corporate Transparency Act unconstitutional: What's next

Accounting Today

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power.

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6 Steps to Leading Through Change to Drive Transformational Growth

Insightful Accountant

Ashleigh Sutter explores the challenges of transitioning from bookkeeping to tax, offering insights on starting, gaining alignment, executing, and maintaining employee engagement during change.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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Court deals a blow to BOI reporting regime

Accounting Today

The ruling further complicates an already complicated area — the law's mandate around beneficial ownership information reporting.

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QB Talks Headed Your Way on March 20, 2024

Insightful Accountant

Alicia Katz Pollock will host QB Talks on Wednesday, March 20,2024 at 2:00 PM Eastern Daylight Time, when she presents 'Revenue Recognition' in QuickBooks Online Advanced.

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P2P Cycle | The impact of AP Automation beyond Accounts Payable

Cevinio

Explohow the use of AP Automation technology software is benefiting not only Accounts Payable (AP) but the entire procure-to-pay (P2P) cycle.

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16 tips about filing for an extension past Tax Day

Accounting Today

Financial advisors and tax professionals say many clients get too fixated on April 15 without understanding the benefits and ease of pushing back the deadline.

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Singapore to Raise Retirement Age to 64 by 2026

Counto

Singapore to Raise Retirement Age to 64 by 2026 In a move towards fostering inclusive and progressive workplaces, Singapore’s retirement age is set to rise to 64 years old in 2026, announced by Minister of Manpower Tan See Leng during the Committee of Supply debate in Parliament. This initiative aims to provide opportunities for seniors to continue contributing to the nation’s transformation journey.

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Taxes + wealth: 2 connected but still (for now) distinct fields are merging

Accounting Today

Here's how some financial advisors have offered the two services for decades and why the rest of the industry may finally be catching on to the opportunity.

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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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Make or buy analysis

Accounting Tools

What is a Make or Buy Analysis? The make or buy decision involves whether to manufacture a product in-house or to purchase it from a third party. The outcome of this analysis should be a decision that maximizes the long-term financial outcome for a company. This analysis is typically conducted when a business finds that its in-house production capacity is constrained, or when it is having problems sourcing goods from suppliers, or when it is experiencing significant changes in the demand for its

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KPMG faces fresh questions over audits after New York Community turmoil

Accounting Today

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

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AWS S3 Cost Optimization & Monitoring Strategies

Economize

Amazon Simple Storage Service (S3) is an AWS storage solution that stores and retrieves large volumes of data. As organizations increasingly utilize cloud infrastructures, the effective management of expenses becomes a focal point for sustainable operations.

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Making the write investment

Accounting Today

As accountants, we don't get credit for having correct punctuation and spelling, but missing those things makes you look careless and not focused on the details.

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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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Funding for New Businesses: Why an SBA Loan Is a Great Option

CSI Accounting & Payroll

When you start a new business, you can find yourself going through your funding faster than you expected due to a lack of financial insight. It’s hard to guess what the future holds! You never want to use debt to operate your business, such as taking out a predatory loan just to run your payroll. However, if you’re looking for more funding to grow your business, SBA loans can be exactly what you need!

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Small business pay growth slowed in February

Accounting Today

Year-over-year hourly earnings growth for U.S. workers moderated slightly in February, continuing a trend that began mid-2022, while small business job growth held steady.

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Benefits of Digital Transformation on Your Accounts Receivable Processes

oAppsNet

In today’s rapidly evolving business landscape, digital transformation has emerged as a critical imperative for organizations seeking to enhance operational efficiency, drive innovation, and remain competitive in a digital-first world. One area where digital transformation can profoundly impact is accounts receivable (AR) processes. Organizations can streamline AR processes, improve cash flow management, and enhance customer satisfaction by leveraging digital technologies and automation to

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PCAOB bars Colorado firm from auditing

Accounting Today

The Public Company Accounting Oversight Board revoked the registration of Gries & Associates and its founder, while imposing a $65,000 fine for violations that led to multiple financial restatements.

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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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Understanding the New Part-Time Re-Employment Grant: Up to $125,000 Grants to Employers

Counto

Understanding the New Part-Time Re-Employment Grant: Up to $125,000 Grants to Employers In a bid to support senior workers and foster an age-friendly workplace environment, the Singapore government has introduced the Part-Time Re-Employment Grant (PTRG). This grant provides substantial funding to employers who offer part-time re-employment, flexible work arrangements (FWAs), and structured career planning (SCP) to their senior employees.

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In the blogs: A breather 

Accounting Today

CTA unconstitutional; AI and your practice; 30 years and counting; and other highlights from our favorite tax bloggers.

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Nonprofits are Changing the World by Embracing Technology

Tipalti

In an ever-changing economic environment, nonprofit organizations face a growing number of financial challenges - the adoption of finance technology provides significant benefits that go beyond payments.

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The year CAS took over

Accounting Today

Are client advisory services the future of accounting?

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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.

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Accounts Payable Turnover Ratio: Definition, Formula & Examples

Plooto

The accounts payable (AP) turnover ratio gives you valuable insight into the financial condition of your company. It is used to assess the effectiveness of your AP process and can alert you to changes needed in your financial management.

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Bill adds predictive insights to finops platform

Accounting Today

Bill announced the addition of two new integrated features to its financial operations platform: Bill Insights and Bill Cash Flow Forecasting.

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Shrinkage definition

Accounting Tools

What is Shrinkage? Shrinkage is the difference between the book and actual amount of inventory. Its disappearance may be due to theft, damage, miscounting, administrative errors, or evaporation. In the retail industry, the amount of inventory shrinkage represents a major reduction in profitability , so a number of methods are used to combat it, including security cameras, merchandise tagging, and security guards.

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Plentific

Tipalti

Plentific is pioneering real-time property operations for real-world impact. Their end-to-end solution seamlessly connects owners, operators, service providers, and tenants on a single platform.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Split-off point definition

Accounting Tools

What is a Split-Off Point? A split-off point is the location in a production process where jointly manufactured products are henceforth manufactured separately; thus, their costs can be identified individually after the split-off point. Prior to the split-off point, production costs are classified as joint costs, and so are allocated to jointly manufactured products.

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Member Spotlight: Reaching Goals Against the Odds

NACM

NACM's Professional Certification Program provides credit professionals with an important tool to gain a fresh outlook on the traditional role of credit—education. And what better way to progress in your career than to challenge yourself through learning?With six different levels, the certification program dives into deeper understandings of c.

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Spoilage definition

Accounting Tools

What is Spoilage? Spoilage is waste or scrap arising from the production process. It may also be caused by improper materials handling and storage, which render goods unusable. The term is most commonly applied to raw materials that have a short life span, such as food used in the restaurant industry. Normal Spoilage vs. Abnormal Spoilage Normal spoilage is the standard amount of waste or scrap that is caused by production, and which is difficult to avoid.

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Is BOI Reporting Dead on Arrival?

Blake Oliver

Is BOI reporting dead on arrival? We dive into this question and more on the latest Federal Tax Updates podcast episode. We're talking about a ruling that has the tax and accounting world buzzing: A Federal Court has deemed The Corporate Transparency Act unconstitutional. The decision, rooted in a challenge to the legislative branch's power under the Commerce Clause, not only shakes the foundation of FinCEN's beneficial ownership reporting but also poses questions about the future of this new fe

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.