Wed.Jan 17, 2024

article thumbnail

IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

Tax 329
article thumbnail

Overcoming Hurdles with Outsourced Client Accounting Services

Accounting Department

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

professionals

Sign Up for our Newsletter

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

article thumbnail

Intuit sues H&R Block over marketing claims

Accounting Today

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

Tax 247
article thumbnail

What are invoice approval workflows and how can they be optimized?

Cevinio

What are invoice approval workflows and how can they be optimized? A well-defined invoice approval workflow structure is a cornerstone of streamlined Accounts Payable (AP) operations. It is pivotal to have a detailed understanding of what the workflow structure is and how it can be made as efficient as possible. From automating approvals to pinpointing crucial triggers, we’re here to guide you through the essential steps of invoice approvals.

Invoicing 130
article thumbnail

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.

article thumbnail

Complexities abound in debt and equity accounting and valuation

Accounting Today

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

article thumbnail

QBO Advanced Revenue Recognition Enhancements

Insightful Accountant

QBO Advanced has made enhancements to its revenue recognition feature to provide even more sophisticated functionality to users who must comply with GAAP's ASC 606 standard.

111
111

More Trending

article thumbnail

Oracle NetSuite Analytics Warehouse Driving Retail Growth

Insightful Accountant

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

105
105
article thumbnail

PE firm Trinity Hunt Partners forms Springline Advisory with MarksNelson

Accounting Today

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

article thumbnail

FedNow: A Vital Tool for Accountants and Bookkeepers Now

Insightful Accountant

The financial landscape is transforming.

article thumbnail

Fujitsu takes $1B knock as post office scandal escalates

Accounting Today

Glitches in the Japanese technology titan's Horizon software led to hundreds of local U.K. sub-postmasters being wrongly convicted of theft and false accounting.

article thumbnail

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.

article thumbnail

2024: Your Year to Shine in Patient Experience

RevCycle

The year is 2024, and the patient experience has never been a more vital component of RCM. Patients are no longer passive recipients of care; they’re informed consumers who demand a positive and seamless experience. To thrive in this new era, medical facilities must prioritize patient experience like never before. But where do you start? Fear not, fellow healthcare heroes!

article thumbnail

Lawmakers near Taiwan tax deal, risking anger from China

Accounting Today

The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.

Tax 189
article thumbnail

AI for Accountants - Exploring RightWorks Spark

Cloud Accounting Podcast

Blake and David meet up with TJ Lewis and Aaron Van Ruler from RightWorks about their new AI tool called Spark, built specifically for accountants on top of ChatGPT. They discuss how Spark helps accounting professionals by providing industry-specific content, tools, and assistants to enhance efficiency and expertise. TJ and Aaron also share details on Spark's capabilities, roadmap, and potential integration with other RightWorks products.

article thumbnail

Varo Bank offering free tax prep

Accounting Today

The digital bank is giving accountholders free in-app preparation and filing services through Column Tax.

Tax 157
article thumbnail

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.

article thumbnail

AI claims processing: Embrace AI to enhance claims management

Nanonets

Submitting an insurance claim is often tedious for customers and underwriters alike. Collecting documents, filling forms, and waiting for decisions are frustrating, with lots of manual overhead and outdated document management systems. This represents significant inefficiency — Accenture estimates a whopping $160 billion productivity loss over five years across the global insurance industry.

article thumbnail

Boost Team Accountability With Automated CapEx Processes

NextProcess

Not too long ago, businesses relied on spreadsheets, email communications, and even paper ledgers to manage capital expenses (CapEx). In some companies, that might still be your go-to method for keeping track of CapEx. Those methods don’t give you the control you need to effectively manage capital expenses in the modern business world. CapEx is notoriously difficult to manage.

article thumbnail

What an IRS Audit Is Like: Risk, Process, and Cost

CSI Accounting & Payroll

No matter how good of a business owner you are, you still worry about being audited by the IRS – and we definitely don’t blame you! With the fear of an audit, you’re also going to have some questions. At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years – including many that have gone through audits at no fault of their owners.

article thumbnail

How to Achieve Financial Clarity with Expense Reconciliation

Invoicera

Introduction “The lack of clarity in finances can quietly harm businesses, often remaining unnoticed until it leads to major losses.” In the ever-changing finance world, achieving clear finances poses a tough challenge for businesses worldwide. According to a recent Deloitte survey, about 51% of businesses face incomplete or wrong expense data issues.

article thumbnail

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.

article thumbnail

What is an Expense Report & How to create it?

Nanonets

Are you concerned about how much money your business spends during the month or the whole year? Let me start by defining the expense report. An expense report is made for recording and reporting all the expenses made by the company during the month, quarter, or year. However, this report also includes all the purchases and taxes paid during the period.

article thumbnail

Top Tax Efficiency Software

Insightful Accountant

Based on reviews and star ratings, here are the recommended tax practice tech stack options that will save you the most time this tax season.

Tax 52
article thumbnail

How to Identify Your Firm’s Ideal Clients

Future Firm

Working with ideal clients makes your business fun and easier to manage. Learn the reasons why it's important and how to identify your ideal clients. The post How to Identify Your Firm’s Ideal Clients appeared first on Future Firm.

article thumbnail

12 Compliance Tips for Singapore Company Incorporation 

Counto

12 Compliance Tips for Singapore Company Incorporation Starting a new business in Singapore is an exciting venture, but it comes with a set of crucial compliance requirements that must be adhered to. These requirements ensure that your business operates smoothly and in accordance with the country’s regulations. Here are 12 compliance tips for entrepreneurs looking to register their companies in Singapore: 1.

article thumbnail

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.

article thumbnail

Bookkeeping Solutions for Freelancers

Less Accounting

Freelancers are famous for their ability to run an entire business independently. But when you’re wearing many hats, some hats fit better than others. Unless you’re a freelancing bookkeeper, bookkeeping is one task that often falls by the wayside. If left too long, bookkeeping can become easily overwhelming. That’s why finding the right bookkeeping for freelancers can make or break your small business.

article thumbnail

Zapier Alternatives

Nanonets

Introduction In the ever-evolving landscape of business automation, Zapier has been the reigning champion, a veritable Superman in a world brimming with digital demands. It's like the go-to gadget in your tech toolbox, seamlessly connecting over 5,000 apps to keep your business running smoother than a hot knife through butter. But here's the kryptonite – the cost.

article thumbnail

8 Ways to Use AI in Financial Services  

AvidXchange

This year, artificial intelligence (AI) played a pivotal role in revolutionizing how businesses operate. It’s significantly transformed operations, strategies and customer interactions across industries. Due to their ability to process vast amounts of data rapidly and accurately, AI applications are particularly well-suited to the financial services industry.

article thumbnail

The Ultimate Expense Management Guide for Businesses

Nanonets

Expense management , at its core, is the methodical process by which a business tracks, verifies, and processes every financial expense incurred in its operations. This encompasses the crucial tasks of recording expenditures. ensuring expenditures align with company policies. ensuring expenditures are approved by the right people. analyzing expenditures for better fiscal oversight and strategic planning. safeguarding a business from errors, fraud, and compliance nightmares.

article thumbnail

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.

article thumbnail

Enterprise Development Grant (EDG): Your FAQs Answered

Counto

Enterprise Development Grant (EDG): Your FAQs Answered The Enterprise Development Grant (EDG) is a game-changer for Singapore companies seeking to grow, innovate, and expand their business horizons. Under the three pillars of Core Capabilities, Innovation & Productivity, and Market Access, the EDG offers invaluable financial support to eligible businesses.

article thumbnail

Member Spotlight: The Art of Staying Sharp

NACM

In the realm of credit management, staying sharp goes beyond mere preference—it's an indispensable asset. It makes for increased efficiency and productivity in the workplace. Through NACM's six-level Professional Certification Program, credit professionals are not only keeping their mind agile, but they're also growing the credit knowledge to navig.

5