Fri.Dec 15, 2023

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How the AI boom is transforming accounting

Accounting Today

The IRS rolling out chatbots to help individuals with basic tax matters and key presentations on AI innovation at accounting events are among the recent developments.

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Coaching Work-Life Balance from a Management Level | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Avalara marks 250th anniversary of Boston Tea Party

Accounting Today

Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.

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IRS Announces 2024 Mileage Rates: 1.5 Cent Spike Ushers in 67 Cents per Mile

Insightful Accountant

The IRS has released the 2024 standard mileage rates for business, medical, and charitable purposes. Taxpayers can choose to use these rates or calculate actual costs.

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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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IRS offers more guidance on corporate AMT

Accounting Today

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

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11 Strategies for Success Business Owners Have Used 

Nolan Accounting Center

Let’s talk about strategy. Strategy is not something to fear, nor is it only for big companies. As Ellie Pidot, vice president of strategy at Medtronic has said, “Strategy is a fancy word for coming up with a long-term plan and putting it into action.” Author Pete Johnson added, “Strategy is a style of thinking, a conscious and deliberate process, an intensive implementation system, the science of ensuring future success.

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3 Canadian Legislation Changes In 2024 To Keep In Mind

The Successful Bookkeeper

Whether you’re already mentally in holiday mode or are spending the next few weeks tying up what feels like a thousand loose ends, one thing’s for sure: a new year is right around the corner.

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Mileage rates rise for 2024

Accounting Today

The new deduction rates apply to electric and hybrid vehicles, as well.

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Are AP Pros Happy at Work? The Answer Might Surprise You 

AvidXchange

Accounts payable (AP) is a challenging job that demands professionals to juggle numerous tasks simultaneously, from data entry to account reconciliation to monthly reporting. It requires meticulous record-keeping, effective communication and project management skills. Our recent AP Career Satisfaction Survey , conducted in partnership with the Institute of Finance & Management (IOFM), found that a majority (51%) of AP professionals are “very” or “extremely” satisfied with their current role.

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$35M Avantax golden parachutes highlight role of compensation in M&A

Accounting Today

After Cetera's parent closed the acquisition of the tax-focused wealth management firm last month, departing executives received significant bonuses.

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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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Breaking Outreach Barriers: How to Make Every Email Count?

Invoicera

It can be discouraging when your community outreach program attempts appear ineffective or unrecognized. You may have even begun to question whether email marketing strategy is a waste of time. Don’t lose your hopes. In this blog, you will learn how to have effective email communication that compels readers to act and grab their attention, […] The post Breaking Outreach Barriers: How to Make Every Email Count?

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Tech News: H&R Block offers AI tax assistance

Accounting Today

Plus, StanfordTax adds AI to client organizers; Bill Spend & Expense adds features; and other news and information from the accounting technology world.

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Interim or Part-Time CFO Services: Which Engagement Model Should You Choose?

Analytix Finance & Accounting

A Chief Financial Officer (CFO) serves as a crucial senior-level financial authority responsible for overseeing the financial operations within a business. In addition to providing insights on business strategy, they play a pivotal role in financial planning, analysis, and guiding the strategic growth path. Their responsibilities encompass more than just overseeing financial statements or preparing budgets; they also manage cash flow and other essential financial metrics, offering a comprehensiv

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On the move: Withum opens new San Francisco office

Accounting Today

NATP appoints 2024 board of directors; MaloneBailey launches corporate valuation consulting practice; and more news from across the profession.

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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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Best Free Project Management Tools of 2024

Invoicera

Are you looking for a tool to manage your projects? Your search ends here! Whether you are a freelancer, part of a small team, or a big organization, the right tool can make your work much more manageable. But let’s be honest – there are so many tools in the market, and it can be challenging to pick the right one. That’s why we’ve found the best 20 free project tools for you.

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Billionaire Jimmy Haslam is being investigated over Pilot payments, lawyer says

Accounting Today

Haslam contends Pilot Travel executives installed by Warren Buffett have changed quarterly-earning accounting methods in a way that will cut the value of his holdings by $1.2 billion if the Tennessee-based billionaire elects to sell Buffett his remaining stake.

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The Ultimate Lead Qualification Guide for Sales Teams

Nanonets

In today's fast-paced business environment, the art of selling has evolved significantly. Sales teams are no longer just about making calls and closing deals. They are about understanding, qualifying, and nurturing leads to ensure that every effort contributes to the bottom line. This is where the concept of lead qualification becomes pivotal. Lead qualification is the process of determining whether a potential customer is a good fit for your product or service.

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Toxicity over DEI plagues academic job forums in accounting

Accounting Today

Young people with accounting doctoral degrees are encountering discrimination during job searches and discussions on online forums, according to a new study.

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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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'Last Christmas' as sung by a tax inspector

Accounting Fun

Last Christmas, I sent a demand But the very next day, you appealed it away This year, to get us some tax I'll investigate and ensure you pay (Chorus) Once bitten and twice shy I want your records, but you just seem to lie Tell me, taxpayer, do you recognize The mess you've made with your financial lies? Last Christmas, I filed a report But the very next day, you sent it away This year, to save me from tears I'll start a COP9 and make you obey Crowded offices, filled with paperwork Hidden income

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Ex-GE Angola executive charged with fraud over forgery

Accounting Today

GE legal and accounting teams were investigating how accurately the turbine sales were reflected on the company's books.

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Why Associations Matter to the Modern Credit Professional

NACM

?️On today's episode of the Extra Credit podcast. Joining NACM is not merely a membership; it's an investment in a network that propels your career forward and surrounds you with a community that shares in your successes and supports you in times of professional challenges.⭐ Hear from Brittany Yvon, CICP, CBA; Erica White; and Kim Marszalek, CCE.

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Tax Fraud Blotter: Document mismanagement

Accounting Today

Under Development; lack of security; CI at work; and other highlights of recent tax cases.

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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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Revitalize the CPA firm business model

Accounting Today

Have you ever looked at the websites of the top five CPA firms in your market and observed what similar services they provide?

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Treasury cracks down on money laundering and corruption

Accounting Today

The White House is taking aim at global money laundering in line with a UN effort, but some sectors of the economy are falling prey to criminal activity.