Thu.Oct 24, 2024

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IRS starts up pass-through compliance unit

Accounting Today

The Internal Revenue Service is looking to boost its historically low audit rates for complex arrangements.

Auditing 312
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Elevate Your Business with Outsourced Financial Services

Accounting Department

In today's rapidly changing business world, small and medium-sized businesses (SMBs) face numerous challenges, especially when it comes to managing their financial operations efficiently. Many business owners find themselves juggling multiple roles, often at the expense of financial management.

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Tax Fraud Blotter: Rampant self-dealing

Accounting Today

Makin' a list; caught again; back to school; and other highlights of recent tax cases.

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Intuit CEO Sasan Goodarzi Opens LA Clippers Season

Intuit

Intuit CEO Sasan Goodarzi Kicks Off the LA Clippers’ Season Opener at Intuit Dome Three years ago, Intuit made a long term commitment to create a one-of-a-kind partnership with the LA Clippers as they embarked on building a world-class arena, setting a new bar for what’s possible in sports and entertainment. LA Clippers owner, Steve Ballmer , president of operations, Gillian Zucker , and the LA Clippers had a vision for building a venue for incredible shared experiences, to watch wor

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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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A plague on both your (political) parties

Accounting Today

Accountants are pretty unhappy with the current political situation.

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Unlocking the Benefits of Online Buying for Your Business

Compleatable

In today’s fast-paced, digitally driven world, businesses are always looking for ways to streamline their processes and reduce manual workload. One key area that has seen significant transformation is procurement, and the introduction of online buying platforms has played a pivotal role in this change. In this blog post, we’ll take a closer look at how online buying can increase user adoption, drive automation, and transform your purchasing process.

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Top Remote Accounting Candidates for Hire | October 24, 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!

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Creating a continuous learning culture

Accounting Today

Learning should be an ongoing process, not just an annual obligation or an item to tick off during performance evaluations.

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Withum's Homegrown Innovation

Insightful Accountant

Firm's innovations enhance services and work culture. Robotic process automation results in time-savings equivalent to five full-time employees annually and ROI by the end of first month.

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New rules for Sustainable Aviation Fuel Credit

Accounting Today

The Internal Revenue Service set the credit at $1.25 to $1.75 per gallon of fuel with a minimum reduction of 50% of GHGs.

Tax 195
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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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6 Financial Documents Any Small Business Needs

Ontrack Bookkeeping

Drawing up the right financial documents matters to your small business’ success more than you think they do. They can give you a clear view of your financial health and can help you make sound decisions. Below are the six most useful financial documents that you can benefit from: Income statement – This shows your revenue and expenses and indicates if your business is profitable.

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IPSASB issues exposure draft on tangible natural resources

Accounting Today

The International Public Sector Accounting Standards Board today issued Exposure Draft 92, Tangible Natural Resources.

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The Shift from OCR to AI: Paving the Way for AP Automation

Insightful Accountant

In the world of AP automation, many organizations have relied on Optical Character Recognition (OCR) technology to streamline their invoice processing. However, with the advancement of Artificial Intelligence (AI), the landscape is changing rapidly.

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What Tasks Can You Automate in Accounts Payable (And How It Transforms Your Business)

oAppsNet

Accounts payable (AP) is a critical part of every business, but let’s be honest—it can also be tedious, repetitive, and prone to errors if done manually. Imagine the relief of liberating your team from these tasks. Luckily, with today’s technology, businesses no longer rely on manual processes that consume time, increase the risk of mistakes, and slow down the payment cycle.

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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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Navigating GST Challenges with Automated Invoicing

Invoicera

Introduction The world of Goods and Services Tax (GST) is filled with many challenges that business entities encounter, most especially when issuing invoices. These challenges often include navigating varying tax rates across states, complying with ever-changing regulations, and managing the complexity of manual invoicing systems. These hurdles can lead to significant delays in invoicing, increased risk of errors, and higher administrative costs, ultimately impacting business profitability.

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App Aware: Coefficient

Insightful Accountant

Coefficient streamlines reporting, analysis, and data sharing. Works with QuickBooks Online and Xero. Extracts and refreshes your accounting date with Excel or Google Sheets.

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5 meaningful benefits of fintech, according to accountants

Plooto

Time and time again we hear that technology helps SMBs. But many businesses remain skeptical — even when the accountants who serve them see the benefits.

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Brex Accounting Partnership Program

Insightful Accountant

Brex is launching a a suite of new product experiences, services, and dedicated programs tailored to the needs of modern accounting professionals.

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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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Harris goes quiet on Biden's push to tax unrealized gains

Accounting Today

Harris' campaign also declined to say if she supports the specifics of the minimum tax on billionaires included in Biden's annual budget request.

Tax 240
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Accountants and the 2024 election: The home stretch

Accounting Today

As Nov. 6 gets closer and closer, the accounting profession is leaning heavily Republican.