Thu.May 30, 2024

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IRS plans to make Direct File free tax prep permanent

Accounting Today

The Internal Revenue Service intends to expand the number of states and tax situations in which the free system will be available.

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AccountingDepartment.com Attends VETS24

Accounting Department

Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.

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Cannabis rescheduling points to new opportunities

Accounting Today

If marijuana is reclassified, lots of businesses may want to reconsider their structure.

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QuickBooks Bill Pay Plans - User and ProAdvisor Discounts

Insightful Accountant

Intuit is offering a variety of discounts for QuickBooks Users and ProAdvisors adopting their QuickBooks Bill Pay plans in lieu of Melio Bill Pay which is no longer integrated into QBO.

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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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Why firms should budget for managed security services in 2024

Accounting Today

Given the financial and reputational repercussions, accounting firms must look for advanced solutions to stay ahead of cybercriminals. One is opting for managed security services.

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What is a W-9 Form and How to Fill It?

Ace Cloud Hosting

The W-9 form, known as the “Request for Taxpayer Identification Number and Certification,” is an IRS document used to verify your identity in the United States. It is used to.

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UltraTax CS Hosting Pricing Guide – Comprehensive Overview 

Ace Cloud Hosting

UltraTax CS is an industry-leading tax preparation software for tax firms that file many returns.

Tax 106
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Navigate GASB 87 and 96 standards with accounting solutions

Accounting Today

While robust software solutions can streamline these processes, it's still important to have a fundamental grasp of the requirements for successful implementation.

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May 30, Your Small Business Information Needs | 4 Secrets For System Setup

Bookkeeping Essentials

An accounting system can help you make better business decisions. Mine your small business information records to create management reports as a planning tool.

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China weighs record fine for PwC over Evergrande audit work

Accounting Today

China may suspend some of the global auditor's local operations over its role in one of the nation's biggest alleged financial fraud cases.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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May 30, Create an Audit Trail | Protect Yourself and Your Business

Bookkeeping Essentials

Create an audit trail to provide protection in the event of a dispute or a tax audit. It can protect your business against fraud and it's a good practice.

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Who are accountants' competition in wealth management?

Accounting Today

CPA financial planners need to make clear how they're different from the rest of the pack.

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Top Challenges Accounting Firms Face – Blog Series 5 – Pressure Building

Ace Cloud Hosting

As we delve deeper into 2024, firms across industries are facing many challenges threatening their stability and growth.

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Azure Monitor Logs for Comprehensive Log Management

Economize

Introduction to Azure Monitor Logs Efficient monitoring and insightful analytics are not just luxuries. Today, they are a necessity to run an effective business. Azure Monitor Logs is one such tool that offers us the power to ensure our systems are running optimally and our data is secure.

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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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Treasury and IRS Proposed Regulations for Clean Energy Owners

Insightful Accountant

The Department of the Treasury and the Internal Revenue Service have issued proposed regulations under the Inflation Reduction Act for owners of qualified clean electricity facilities and energy storage technology seeking relevant tax credits.

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Embracing the New Talent Stack for Accounting | Accounting Talent Podcast

accountingfly

“The war for talent is over, and the talent won.” In this episode of The Accounting Talent Podcast, host Rob Brown speaks with Jeff Phillips, CEO of Padgett Business Services and co-founder of Accountingfly, about “talent stacks” for accounting firms. A talent stack creatively combines various types of talent to deliver value efficiently and reliably.

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4 Steps to Automate your Procurement Process

Nanonets

Automation has become a cheat code in recent years, with each business function improving efficiency and moving away from manual, repetitive roles to more strategic roles. Imagine a world where your procurement process runs like a well-oiled machine—no more delays, no more errors, and no more endless paperwork. Sounds too good to be true? Well, it’s not.

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Accountingfly Hiring Update: June 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: Bookkeepers (+) are Back in Demand and Other Employment Market Tidbits Bookkeepers Are Back and Better than Ever? Over the last few years, we’ve had fewer and fewer clients asking us for help finding bookkeepers. That’s changed in 2024.

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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.

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May 30, Small Business Account Reconciliation Procedures | Are They Necessary?

Bookkeeping Essentials

Learn why account reconciliation procedures are a necessary and important part of your small business accounting procedures and how to reconcile a vendor sta.

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Top Remote Accountants for Hire | May 30, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Rethinking Accounting Education in the Age of AI

Cloud Accounting Podcast

Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University joins Blake and David for a conversation on the impact of AI on accounting education, the challenges faced by accounting graduates entering the workforce, and the future of the CPA profession. Dr. Akpan shares his insights on incorporating AI into the classroom and the importance of lifelong learning in the rapidly evolving world of technology.

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How to Implement AR Automation

oAppsNet

The shift towards Accounts Receivable (AR) Automation marks a pivotal move for businesses aiming to streamline financial operations, enhance cash flow, and bolster customer relationships. By automating the myriad tasks associated with AR, companies can minimize manual effort, reduce errors, and accelerate payment processes. This comprehensive guide walks through the stages of implementing AR automation, detailing the preparation, selection, integration, and optimization phases crucial for a succ

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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5 Steps To Keep Your AI Journey On The Right Track

Oversight

While taking off on the spur of the moment for destinations unknown can be great fun, it can also leave you stranded in the middle of nowhere. Which is why most people plan their trips before they take them. After all, if you don’t know where you’re going, you’ll probably never get there. The same concept applies to artificial intelligence. AI initiatives can provide a competitive advantage, or they can be a waste of money.

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Salesforce for Accounting: Can the Leading CRM Tool Handle Accounting Functions?

Nanonets

For decades, Salesforce has been a leading customer relationship management (CRM) tool. It helps businesses track every step of their sales process, identifies customer insights and trends, and helps decision-makers use data when building sales strategies. The platform assists small and large businesses alike in closing deals, improving productivity, and building insightful analytical reports – it’s a key business tool.