Wed.Feb 28, 2024

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2024: The year of change management

Accounting Today

Start by identifying the why, who and how to make the most of every change.

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How GenAI will shape the future for our customers

Xero

We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.

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PCAOB dings EY and other big firms on latest inspections

Accounting Today

Ernst & Young issued a major mea culpa following a failed split of the firm.

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Client Accounting Services to Help Drive Your Business

Accounting Department

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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R&D expensing gets another chance

Accounting Today

The ability to write off research and development expenses in the first year would be revived if the Senate ever manages to pass the Tax Relief for American Families and Workers Act.

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New partnership to bring bill pay capabilities to US customers

Xero

Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. However, this is still a very manual process for small businesses. Our Money Matters report found many small businesses utilize multiple payment strategies to manage their cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US custo

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Top Cybersecurity Trends for 2024

Ace Cloud Hosting

Life moves fast in the cloud, mirroring the pace of our daily lives. In 2023, unpredictability defined everything from global events to economic trends. Cybersecurity, too, had its share of.

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Zoho dives into practice management

Accounting Today

The software vendor's recently released Zoho Practice aims to help small and midsized practices run themselves better.

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Managed Security Services for Accountants – What They Need to Know

Ace Cloud Hosting

Being targeted by a cyber-attack isn’t just embarrassing; it can also bring significant consequences for your business. As per PwC, the Accounting industry is at a 30% higher risk of.

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Washington wildfire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the August fires.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Tax Season Credit Changes on the Horizon

Insightful Accountant

The Tax Relief for American Families and Workers Act is delayed in the Senate but may progress soon. If passed, tax law changes could impact mid-tax season.

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Questions to ask about the new FTC safeguard standards

Accounting Today

If an affected business has a cybersecurity incident and is found to be noncompliant, the owner can be subject to civil or criminal prosecution.

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What Is The Difference Between Lacerte and ProSeries?

Ace Cloud Hosting

When it comes to tax preparation software, accounting professionals often find themselves at a crossroads, debating between popular options like Lacerte and ProSeries. Intuit has developed both Lacerte tax and.

Tax 105
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IRS hires former Binance.US exec to beef up crypto expertise

Accounting Today

The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Thomson Reuters' Acquisition of Pagero Opens Doors for Growth Opportunities

Insightful Accountant

Accelerating the companies’ joint vision for a connected suite of e-invoicing and indirect tax solutions for customers across the globe.

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NJ governor pitches higher tax on businesses to help transit

Accounting Today

The move would make New Jersey's corporate tax the highest rate in the country.

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Randy Crabtree on Unlocking Success: The Expert's Guide to Thriving in Tax Season

Insightful Accountant

In a dynamic conversation, Gary and Randy explore ways for tax professionals to expand their business leveraging the U.S. Tax Code.

Tax 105
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QuickBooks Online Vs. QuickBooks Enterprise: Learn The Difference

Ace Cloud Hosting

QuickBooks is a popular accounting software choice for businesses of all sizes, but the decision can get tricky when it comes to QuickBooks Enterprise and QuickBooks Online. Both offer excellent.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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IRS enhances ‘Where’s My Refund?’ tool for 2024 filing season

Insightful Accountant

With millions of tax refunds going out each week, the IRS reminded taxpayers today that recent improvements to “Where's My Refund?” on IRS.gov provide more information and remains the best way to check the status of a refund.

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QuickBooks Online Vs. QuickBooks Enterprise: Learn The Difference

Ace Cloud Hosting

QuickBooks is a popular accounting software choice for businesses of all sizes, but the decision can get tricky when it comes to QuickBooks Enterprise and QuickBooks Online. Both offer excellent.

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Finance Forward Podcast: How AI is Shaping the Future of Financial Professionals

Oversight

Join Jeanne Dion on an exciting journey through the cutting-edge world of finance, where she explores the transformative power of Artificial Intelligence (AI) alongside industry expert and Oversight’s Chief Solutions Ambassador, Nathanael L’Heureux.

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Dangers of ERC Fraud & the Benefits of the Voluntary Disclosure Program

CSI Accounting & Payroll

When COVID hit, a lot of businesses took advantage of government programs that were designed to protect them from lockdowns. The ERC (Employee Retention Credit) was one of those programs that encouraged businesses to keep their employees on payroll. Unfortunately, the government has since halted ERC payments. A lot of this is due to the overwhelming amount of fraud in people claiming the credit.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Behind the Scenes of a Large CAS Practice w/ Kane Polakoff

Jetpack Workflow

Podcast Summary Today on the Growing Your Firm Podcast, David Cristello sits down with guest Kane Polakoff, a principal client advisory services practice leader at CohnReznick. They delve into the world of client advisory services, discussing how to scale it, the tech stack involved, and the execution for high performance. Kane’s extensive experience working with various organizations in advisory capacities brings a wealth of knowledge to the conversation.

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2 Simple Keys to Traction in Your Business

Future Firm

Getting traction in your business is very important. Discover the ways you can improve yours to be on a closer path to success. The post 2 Simple Keys to Traction in Your Business appeared first on Future Firm.

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Second Additional Canada Pension Plan: Exploring Benefits and Considerations

Billah and Associates

The Second Additional Canada Pension Plan (CPP), also known as CPP2, introduced in 2024. It enhances retirement income for Canadian citizens and residents who contribute to the regular CPP. It allows individuals to contribute to a higher earnings ceiling and potentially receive higher retirement benefits. What is Second Additional Canada Pension Plan?

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Top 10 Logistics OCR Software in 2024

Nanonets

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images, or paper documents into machine-readable formats that are editable & searchable. OCR applications are commonly used to capture text from PDFs & images and convert the text into editable formats such as Word, Excel, or a plain text file.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Throwback to IRAS #SeamlessFilingFromSoftware Fair back in 2023

Counto

Throwback to IRAS #SeamlessFilingFromSoftware Fair back in 2023 Throwback to our CEO Ishi Singh’s participation in the #SeamlessFilingFromSoftware Fair back in 2023, where we joined forces with IRAS to streamline tax compliance in Singapore. Counto has been chosen once again by IRAS to showcase our integrated software solutions at the upcoming #SFFS fair on Feb 29, 2024.

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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health? We'll unravel the Chart of Accounts, the backbone of the GL, detailing how transactions are organized and recorded.

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Standing order definition

Accounting Tools

What is a Standing Order? A standing order is a recurring authorization to purchase or pay. It usually expires as of a specific date. Advantages of Standing Orders Standing orders can increase the efficiency of a business by replicating purchases and payments, rather than requiring that individual transactions be initiated each time a purchase or payment must be made.

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Member Spotlight: Refresh Your Mind

NACM

A risk mitigation plan is essential for identifying, assessing and reducing risks. When making credit decisions, credit professionals must consider risk factors and be knowledgeable in business and credit law. By earing the Credit Business Fellow (CBF) designation through NACM's six-level Professional Certification Program, credit professionals can.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.