Wed.Dec 04, 2024

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Climate reporting legislation: What it means for small businesses and accountants

Xero

From January 2025, new climate reporting legislation will be introduced. It will require big businesses in Australia to track their carbon emissions and include the results in sustainability reports , which they’ll need to submit alongside their other annual reporting obligations. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.

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The top people in public accounting — 2024

Accounting Today

The most influential people in the field, as chosen by their peers.

professionals

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What Is a Basis Point? Definition, Calculation & Uses

Fit Small Business

A basis point, which is also commonly known as “bps” or “bips,” is a unit of measurement that represents a percentage change of value or rates within various financing instruments. It is a term commonly used throughout the finance industry and can have varying impacts based on the financing type it’s associated with. How Basis. The post What Is a Basis Point?

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Investors urge companies to adopt AI, upskill workers

Accounting Today

A recent PwC survey has found investors are bullish on AI, with many believing it will unlock new growth and profits.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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8 Unique Ways to Use AI for Accounting Firms

Jetpack Workflow

There are two main schools of thought regarding artificial intelligence (AI) among accountants: those who believe AI might replace their jobs and others who are excited about how much more productive and effective it can help their firm become. While AI adoption is on the rise, it’s still a relatively new technology, and accounting firms continue finding new ways to leverage this advanced technology to their advantage.

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'Bitcoin Jesus' lawyers say his tax case violates Constitution

Accounting Today

Among other things, Roger Ver is charged with filing a false 'exit tax' return after he renounced his U.S.

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More Trending

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Influencing the people around you

Accounting Today

Barry Melancon has done a lot for accountants — but as it turns out, accountants have done a lot for him, too.

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All about business structures: C Corp vs. S Corp

Black Ink Tax & Accounting

Table of Contents All about business structures: C Corp vs S Corp For a business it’s important to know about […] The post All about business structures: C Corp vs. S Corp appeared first on bitaccounting.

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Infinite Ties launches online CAS community

Accounting Today

The website was created to foster collaboration and share best practices and resources around client accounting services.

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New Ignition President Announces Product Innovations

Insightful Accountant

Greg Strickland, Ignition's new 'Global President' has announced new product innovations on the horizon for the company's 7,500 customers.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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PCAOB sanctions firm for deceiving inspection staff

Accounting Today

The Public Company Accounting Oversight Board sanctioned Raines & Fischer and three of its partners for attempting to deceive inspection staff and other violations.

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Very Special Edition of QB Talks on December 11, 2024

Insightful Accountant

Christine Gervais, the Editor of Insightful Accountant's sister publication 'Tax Practice News' will guide you through modern tax workflows for QuickBooks to streamline your year-end processes.

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M&A roundup: The year-end rush begins

Accounting Today

Citrin Cooperman expands in Rhode Island, Cherry Bekaert in the Washington, D.C. area, LBMC in Tennessee, Dean Dorton in Florida, and more.

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Burnout

Future Firm

Burnout is a common challenge for firm owners. Discover my insights on burnout, plus practical tips to prevent and overcome it. The post Burnout appeared first on Future Firm.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Book guides CPAs on adoption of wealth biz into their practices

Accounting Today

Financial planner Rory Henry and contributors compile a guide to the skills, services and larger changes needed at CPA firms to branch into the field.

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All about business structures: C Corp vs S Corp

Black Ink Tax & Accounting

Table of Contents All about business structures: C Corp vs S Corp For a business it’s important to know about […] The post All about business structures: C Corp vs S Corp appeared first on bitaccounting.

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TCE and VITA grants awarded for next year

Accounting Today

The tax service is giving out $53 million to organizations helping the elderly and underserved communities with tax preparation.

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LeaseCrunch Expands Offerings with Merger of Finagraph, Enhancing Financial Intelligence for CPA Firms

Insightful Accountant

LeaseCrunch LLC today announces its merger with Finagraph, a software provider specializing in real-time data collection and analysis through integration with industry-leading ERP and accounting systems.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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LeaseCrunch merges with data analysis firm

Accounting Today

LeaseCrunch announced a merger with data collection and analysis software provider Finagraph.

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The Best 6 Accounts Payable Platforms for Canadian Companies

Tipalti

Explore the top accounts payable software for Canadian businesses, designed to streamline tracking and management of accounts payable for better accuracy.

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Using Caseware and Wagepoint to streamline your EOFY

Xero

We’re excited to share some new apps in the Xero App Store : Caseware and Wagepoint. These apps bring key capabilities into the Xero platform, to simplify your year-end workflows, payroll and compliance. It’s all part of our work to make life better for people in small business and their advisors across Canada. Complete year-end compliance work faster with Caseware Caseware is a Canadian-born, global provider of audit, financial reporting and data analytics solutions for accountants and bookkeep

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Why Searching is Better than Sourcing for Many Organizations

Compleatable

First of all, we should explain what the difference is between “searching for” and “sourcing” suppliers and purchases. Plainly put: Sourcing is a drawn-out bureaucratic process undertaken by large businesses to pick a preferred supplier, ensuring that they can trust the supplier and the quality of their goods/services. Searching is a simple act of typing what you are looking for in a search box, and finding pre-validated suppliers to pick from, better suited to small and medium sized organizati

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Trump taps former Mo. congressman as IRS commissioner

Accounting Today

Billy Long served as a representative from Missouri from 2011 to 2023.

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Inside the Trump tax plan

Accounting Today

A detailed look at the implications of the president-elect's tax proposals for your clients.

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