Wed.Feb 28, 2024

article thumbnail

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.

Tax 315
article thumbnail

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.

XERO 242
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC upped accounting, auditing enforcement in FY 2023

Accounting Today

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

Auditing 290
article thumbnail

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.

article thumbnail

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

article thumbnail

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.

Auditing 321
article thumbnail

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

Billing 156

More Trending

article thumbnail

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.

111
111
article thumbnail

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.

Tax 173
article thumbnail

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.

article thumbnail

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.

195
195
article thumbnail

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.

article thumbnail

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
article thumbnail

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.

173
173
article thumbnail

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.

Tax 107
article thumbnail

Washington wildfire victims get tax relief

Accounting Today

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

Tax 182
article thumbnail

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.

article thumbnail

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.

Tax 98
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

Invoicing 105
article thumbnail

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.

article thumbnail

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.

article thumbnail

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
article thumbnail

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.

59
article thumbnail

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.

Payroll 52
article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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?

Tax 52
article thumbnail

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.

article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

article thumbnail

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.

Tax 52
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

5
article thumbnail

Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.