Thu.Oct 10, 2024

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Tax Fraud Blotter: Bad choices

Accounting Today

A senate hearing; lack of Unity; that ain't chicken feed; and other highlights of recent tax cases.

Tax 282
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Maximise Efficiency with Amazon Business and Compleat Education 17/10 11:00AM

Compleatable

On Thursday the 17th of October the esteemed Amazon Business are hosting us as part of their special Back to School webinar series! We’ll be showing Amazon Business customers how we can help streamline purchasing and accounts payable for their school. Learn how the Amazon Business integration, combined with Compleat Education , extends your existing finance system to give your team more control, save time, and allow you to focus on what really matters—your students.

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Boston residents face 28% tax hike as office values slump

Accounting Today

If the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said the city would need a tax increase.

Tax 169
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Fidesic to Relaunch Fidesic Free at Summit NA

Fidesic blog

Fidesic’s Free AP automation app is being repositioned to make it more convenient for accounting pros to get lightweight AP processing tool and test Fidesic.

AP 130
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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Lawmakers urge IRS Direct File to loosen ID requirements

Accounting Today

A group of lawmakers has urged the IRS to loosen the identity verification requirements to access the new Direct File system by dropping the mandate to follow stringent ID.me standards.

Tax 161
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Doubling Revenue to $2M within 12 Months of Acquisition w/Patrick Dichter’s

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm Podcast, host David Cristello welcomes Patrick Dichter , the owner of an acquisition engine specializing in acquiring accounting firms. And owner of Appletree Business Services , a modern accounting and tax firm for small businesses. The conversation delves into Patrick’s successful strategies for acquiring firms, his approach to client mix, and how his model differs from conventional accounting practices.

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ChatGPT for HR Operations: Boosting Efficiency for Finance & Tax Professionals

Insightful Accountant

In the dynamic landscape of finance and tax, discussions surrounding AI and automation have become increasingly prevalent. ChatGPT stands out as one of the most widely recognized.

Tax 52
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GASB mulls changes in accounting for infrastructure assets

Accounting Today

The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.

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I heard it "on the radio, on the radio". did you?

Insightful Accountant

Is the software you rely on running on Oracle Cloud Infrastructure (OCI) and you don't even know it? It very well could be, and you might just find out by listening to 'Business Radio.

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IRS sees tax gap growing

Accounting Today

The gap between taxes owed and paid increased to $696 billion in tax year 2022.

Tax 136
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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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From Accounting Intern to Fashion Mogul: The Story of Vuori's Founder Joe Kudla

Blake Oliver

The founder of Vuori , the activewear brand valued at $4 billion, started his career interning at EY, on track to become a CPA. On a recent episode of The Accounting Podcast , we delved into Joe Kudla's fascinating journey. While interning at EY, Joe received an unexpected invite to model in Europe for the summer—and he took it. That experience sparked his interest in fashion, but not so much in modeling itself.

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Top Remote Accounting Candidates for Hire | October 10, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

CPA 52
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G2 Fall 2024 Report: Nanonets emerges as the Leader in OCR industry

Nanonets

We are thrilled to announce that Nanonets has been awarded 12 prestigious badges in G2’s Fall 2024 Report , cementing our position as a leader in advanced OCR (Optical Character Recognition) software across multiple regions and markets.  These badges testify to our continued commitment to delivering cutting-edge automation solutions that make our customers’ lives easier and better to drive business results.

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Data-Driven Success for Accounting Firms with Blake Grewal CEO of Bold Growth

Insightful Accountant

In this episode, Gary DeHart interviewed Blake Grewal, founder of Bold Growth, to discuss how accounting firms can leverage data-driven decisions and customer journey mapping to improve client experiences and firm efficiency.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Best 5 Autonomous Finance Tools for 2024

Gaviti

CFOs are under constant pressure to increase efficiency in operations while at the same time cutting costs, ensuring healthy cash flow. At the same time, they must be able to gather and analyze data to quickly make the right decisions that contribute to business growth. These pressures are driving them to adopt a range of autonomous finance tools, including those in accounts receivable.

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Unlocking Payment Efficiency with PayTrace

Insightful Accountant

Efficient payment processes are crucial. PayTrace offers robust solutions designed to simplify payment workflows, enhance security, and help businesses cut down on processing costs.

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Procure-to-Pay Automation

Tipalti

Ready to streamline your procure-to-pay process with automation? Learn winning strategies and effective tactics to implement a successful P2P system, enhancing efficiency.

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APP Academy Featuring Qvinci

Insightful Accountant

Qvinci recently presented at the Future Forward App Academy, introducing their innovative Qvinci Turnkey Advisor Program (QTAP), a quick-start guide to providing advisory services for accounting firms of all sizes.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Procure-to-Pay Automation

Tipalti

Ready to streamline your procure-to-pay process with automation? Learn winning strategies and effective tactics to implement a successful P2P system, enhancing efficiency.

52
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IRS Introduces Draft Form 7217: Implications for Partnership Distributions

Insightful Accountant

The Internal Revenue Service (IRS) has unveiled draft Form 7217, "Partner's Report of Property Distributed by a Partnership," set for implementation in the 2024 tax year.

Tax 52
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OpenAI's Insane Entity Structure

Cloud Accounting Podcast

Blake and David look into OpenAI's complex entity structure and potential conversion from nonprofit to for-profit, highlighting the significant financial implications. They also discuss the challenges facing FreshBooks amid recent layoffs and shifting market dynamics and then explore the journey of Vuori's CEO Joe Kudla, emphasizing how his accounting background contributed to the company's success.

CPA 46
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Preliminary Results to Our 'Intuit' Survey

Insightful Accountant

We wanted to give you some preliminary results regarding the readership survey about recent Intuit announcements. We continue to accept survey submissions.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Accounts Payable – Why You Need Operational Analytics

oAppsNet

When you think of accounts payable (AP), you probably think of invoices, payments, and managing vendor relationships. But what if I told you that the key to unlocking the full potential of your AP department lies in operational analytics? Yep, those numbers and reports that most people gloss over have the power to transform your AP process from reactive and inefficient to proactive and optimized.

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QuickBooks teams with Kerry Washington's "Street You Grew Up On"

Insightful Accountant

YouTube Series will feature Mentor Moments spotlighting business women and and offering mentorship from Washington and QuickBooks.

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The Ultimate Guide for Business Tax Preparation: Must Know Deductions and Credits

CapActix

Running a business is no small feat, and navigating tax season can be overwhelming. Tax season can be a stressful time for businesses, especially when they overlook key deductions and credits that could save them thousands. The complexity of tax laws often leads to businesses missing out on valuable opportunities to reduce their taxable income and increase the time required for business tax preparation.

Tax 40
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Praeger and Thean Discuss “The Journey to CEO Success”

AvidXchange

Mentorship and daily rhythms are two keys to success as a leader. In this episode of “ The Power of Change ” podcast, AvidXchange CEO and Co-Founder Michael Praeger is joined by his longtime friend and mentor, Patrick Thean, the co-founder and CEO of Rhythm Systems, to discuss these concepts and more. Plus, they share some of the principles in their co-authored book, “ The Journey to CEO Success.” “What stops you from changing is fear.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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Five Common Questions About Cloud Content Management Answered

LedgerDocs

As a bookkeeper or accountant, you face a mountain of paperwork daily, and managing it all can often feel like a full-time job. Fortunately, with some of the latest cloud-based document management solutions, you can simplify this process, saving yourself both time and sanity. The Problem: Why Document Management is a Pain for Bookkeepers Handling accounting and bookkeeping documents, receipts, invoices and financial reports can be overwhelming.

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Trump vows to eliminate income taxes on Americans living abroad

Accounting Today

His pledge could simplify the tax obligations for U.S. citizens who live overseas.

Tax 257