Tue.Oct 01, 2024

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AICPA asks for tax relief in aftermath of Helene and IRS grants it

Accounting Today

The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.

Tax 312
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How Mutual Muse took circular fashion from trend to timeless

Xero

When you think of ‘circular fashion’ you might think of donating your old clothes and items to local charity shops, or online marketplaces. But what about consignment stores that pay you for your most-loved items and offer credit notes that allow you to refresh your wardrobe at the same time? That’s exactly what Kirsta Hawkins, owner of sustainable consignment store Mutual Muse, wanted to bring Australian shoppers when she opened her first store in 2014.

XERO 175
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Salary guide: Accountants expect disruption, will see average job growth

Accounting Today

LHH's 2025 Annual Salary Guide reports 56% of accounting professionals feel their roles are at risk of disruption by digitalization, automation and AI.

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Consumption-Based Pricing Model Software: 14 Benefits You Don’t Want to Miss

Billing Platform

Consumption-based pricing (also referred to as usage-based pricing) charges based on what you use or consume. This usage-based pricing model charges customers only for the resources consumed. For instance, let’s assume a SaaS company sells cloud-based data storage. Here’s how consumption-based pricing works. The customer uses the data storing software.

Billing 98
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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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Tax planning as the election nears

Accounting Today

This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?

Tax 283
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Sara Grafals of Speedway Motorsports Embraces Automation

AvidXchange

“Automation” is a business buzzword for good reason. In this episode of “ The Power of Change ” podcast, AvidXchange Founder and CEO Michael Praeger sat down with Sara Grafals , the senior vice president of regional finance for Speedway Motorsports , to discuss how AvidXchange’s automation tools have saved her team $300K and hundreds of hours of staff time.

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All About Form 941: Employer’s Quarterly Federal Tax Return

CSI Accounting & Payroll

Many small business owners are required to file Form 941 quarterly. Whether you’ve filed before or not, you may still have some questions. There can be a bit of confusion about when you need to use this form!

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Prosperity Partners acquires Wiener and Garg

Accounting Today

The Chicago-based accounting business backed by private equity, has completed the acquisition of a tax preparation, planning, advisory and accounting firm based in Rockville, Maryland.

Tax 182
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IRS Expands AI-Powered Chatbot Capabilities

Insightful Accountant

The Internal Revenue Service (IRS) is leveraging artificial intelligence (AI) chatbots to enhance taxpayer assistance, with potential implications for tax practitioners and their clients.

Tax 52
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Small business job growth dipped in September as wages grew

Accounting Today

Job growth at small businesses moderated slightly in September, but hourly earnings growth reached 3.01%, up from 2.95% in August, payroll provider Paychex reported.

Payroll 173
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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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How to Create Sales Orders on NetSuite using the API

Nanonets

When it comes to running your AR process on NetSuite, one of the most common tasks you'll do is creating sales orders. Manually creating sales orders can be tedious - the NetSuite UI is not very straightforward, and there are further complexities that are present only in the API and not on the NetSuite UI application. However, the complexity of the NetSuite API can be difficult to deal with.

AR 52
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In the blogs: This might hurt a bit

Accounting Today

Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.

Tax 182
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Comparing QuickBooks License Types: Which One Fits Your Needs?

Ace Cloud Hosting

QuickBooks, designed by Intuit, has always been businesses’ first choice for dedicated and efficient accounting software. It offers a suite of multiple licenses that fit all business sizes, from a.

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Aiwyn releases PracticeOS for accounting firms

Accounting Today

Aiwyn announced the release of PracticeOS, a vendor agnostic practice management platform specifically for accounting firms.

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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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Intuit Updates

Insightful Accountant

Here are a couple of Intuit related updates you may not have seen. Insightful Accountant wants to make certain you know about both of them.

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Frontrunner in Washington's gov. race defends capital gains tax

Accounting Today

Without an income tax, Washington has one of the most regressive tax systems in the U.S.

Tax 223
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Netgain launches Fixed Asset Solution for ERPs

Insightful Accountant

Netgain has launched 'NetAsset', a fixed asset accounting solution to streamline processes in ERPs.

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Ascend adds Lucas Horsfall

Accounting Today

The private equity-backed platform is adding Pasadena, California-based Lucas Horsfall.

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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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Invoice validation 101: Best practices and automation tips

Nanonets

"Let's just ensure that going forward, all the invoices are forwarded to Mr. X for validation before processing." If only invoice validation were that simple. In reality, it requires systematic checks and balances, not just one person's oversight. Studies show that 25% of invoice errors slip through accounts payable processes undetected despite internal correction efforts.

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Supplier Statement Reconciliation – Steps and FAQ

oAppsNet

Supplier statement reconciliation is a vital process for businesses of all sizes. It involves comparing the records in a company’s accounts payable ledger with the statement provided by a supplier. This process ensures that both parties agree on the amount owed and that all transactions have been accurately recorded. Reconciliation plays a crucial role in maintaining the accuracy of financial records.