Tue.Oct 17, 2023

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IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 353
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2023 Xero Awards Canada Winners

Xero

Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

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professionals

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Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

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Excelling in AP Management through Automation with AP Leader Caroline Adams

Cevinio

Excelling in AP Management through Automation with AP Leader Caroline Adams In this interview with Caroline Adams, an accomplished AP leader, we ask her a series of questions about AP management, the influence of automation, and the journey toward modern AP processes. Discover her valuable insights. Introduction In the past years, the role of Accounts Payable (AP) has undergone a profound transformation.

AP 130
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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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New IRS group intensifies enforcement efforts

Accounting Today

The wealthiest 1% of taxpayers may soon find themselves in the crosshairs of an expert group of agents.

Auditing 317
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NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

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How Much Does Capital One Spend On AWS?

CloudZero

Capital One offers a variety of financial products, such as credit cards, financial accounts, and auto financing. Now, Capital One might appear as a leading financial institution. But it views itself as a technology company that provides financial services — rather than a financial services company that uses technology.

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U.S. companies to face digital services taxes, Yellen says

Accounting Today

Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.

Tax 305
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Stampli vs BILL

Tipalti

How do Stampli vs BILL stack up to each other as major players in the accounts payable automation space? And is there a superior alternative to both? Read on.

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Client gifts that always deliver

Accounting Today

Don't underestimate the power of sending something that's tangible in this digital age — something that someone can hold and touch.

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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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Cash Flow Forecasting

Tipalti

Cash flow forecasting related to an opportunity is used to make business decisions about potential projects evaluated using financial analysis methods like net present value (NPV) and internal rate of return (IRR).

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Adler finds small auditor to vet results after long search

Accounting Today

The real estate company has been trying to hire a new auditor since its previous one, KPMG, quit in May last year.

Auditing 189
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Public Companies and Cyber Breaches

Insightful Accountant

FoxPointe Solutions' Christopher Salone explains what your public company clients should know about the new SEC cyber material rules

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How controllers expect talent needs to change in the next five years

Accounting Today

As more technology becomes embedded in the controllership, corporate controllers must rethink the talent composition of their teams.

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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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Live From SuiteWorld 2023 – Today's Opening Announcements

Insightful Accountant

Several new NetSuite enhancements and capabilities were announced today at 'SuiteWorld 2023' in Las Vegas.

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In the blogs: Totally unacceptable

Accounting Today

War and relief; the gap; partner pay; and other highlights from our favorite tax bloggers.

Tax 150
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Oracle NetSuite Embeds Generative AI within the Suite

Insightful Accountant

Oracle NetSuite's new generative AI-powered capabilities help finance and accounting, supply chain and operations, HR, sales and marketing, and customer support teams streamline business processes.

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Stick with high standards — and 150 hours

Accounting Today

Dropping the bar to entry isn't the answer to accounting's pipeline problem, writes Rick David.

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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.

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Construction Industry Trends for 2024

AvidXchange

A shifting workforce, economic uncertainty, supply chain challenges and rising costs are forcing a transformation in the construction industry. Businesses are working to keep pace as industry dynamics fluctuate. As a result, many construction firms are turning to technology to create efficiencies and support changes within the organization. AvidXchange conducted a 2024 Trends Survey in September 2023 to learn more about trends impacting finance departments and how leaders are addressing them.

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What is an Early Payment Discount?

Nanonets

Accounts Payable teams have an incentive to delay payments until the last acceptable dates. This allows for a high cashflow and treasury management. However, this isn't universally true. Long cash conversion cycles and cashflow constraints can be a bottleneck for various vendors. They provide early payment discounts to customers to improve their cashflow.

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AP Automation for Intacct

Tipalti

Which AP automation solutions are Sage Intacct customers choosing today? Learn about the top-rated Intacct ERP integrations for streamlining AP processes.

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Member Spotlight: Determination to Learn More

NACM

Credit professionals in the B2B industry are in an everchanging world where they are always expected to adapt. But one consistent factor in growing as a credit professional is ongoing knowledge from educational opportunities. NACM's Professional Certification Program gives credit professionals an opportunity to expand their knowledge and wisdom to.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Israel War Impact on Fintech | FTX & Trump Trial Updates | Iowa Blames Workday

Cloud Accounting Podcast

There’s a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in the future. They also look at Xero’s newest features, including improved algorithms for recognizing new contacts and bank reconciliation statements, and talk about Grant Thornton's implementation of Git Assist, an AI tool for accessing internal kno