Wed.Jan 17, 2024

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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.

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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.

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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
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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.

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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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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.

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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.

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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!

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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?

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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.

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Citrin Cooperman acquires Mibar

Accounting Today

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

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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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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.

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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
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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.

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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
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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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FedNow: A Vital Tool for Accountants and Bookkeepers Now

Insightful Accountant

The financial landscape is transforming.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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