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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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.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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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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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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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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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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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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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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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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Short seller Jim Chanos sued by partner alleging misuse of funds

Accounting Today

The lawsuit alleges that Chanos "never intended on paying the company back, but instead planned on using his power as general partner to run the company into the ground, enjoy the tax benefits of his financial shenanigans, and leave his partners with nothing.

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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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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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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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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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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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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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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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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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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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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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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.