Mon.Nov 18, 2024

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Streamline tax time: Xero now supports partnership tax in the UK

Xero

We’re excited to announce that partnership tax has arrived in Xero Tax. You can now manage most of your clients’ tax needs – corporate, personal, and ordinary partnerships – in one simple, secure platform. No more juggling multiple tools or battling complicated software. By managing partnership tax in Xero, you can remove some of the stress around tax time for your practice and your clients.

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Gen AI speeds software development, heats up competition

Accounting Today

Accounting software development cycles will accelerate with generative AI, but so will competitive pressures.

professionals

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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Automation delivers finance departments many benefits, including accurate predictions and insights related to revenue and sales so that CFOs and their teams can make better business decisions. Despite this, automation in accounts receivable has met its fair share of skepticism from business leaders worldwide. Some of the main concerns include change management and employee adaptability to new technologies, adherence to compliance, how easily the automation technology integrates with other financ

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M&A roundup: Aprio, Opsahl Dawson and Doeren Mayhew expand

Accounting Today

Aprio acquires Kirsch Kohn Bridge; Opsahl Dawson adds Hauser Jones & Sas; and Doeren Mayhew acquires BHT&D CPAs.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Top 9 Rossum alternatives for data extraction

Nanonets

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. It offers a cloud-based platform for AI-driven data extraction and workflow automation. However, every organization has unique needs, and not every tool would fit perfectly into all your workflows. If you’re exploring Rossum alternatives, it could be due to considerations such as: 1.

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Audit committees boost cyber, ESG expertise

Accounting Today

Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.

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AICPA-NASBA expand access to Experience, Learn & Earn Program

Accounting Today

The Experience, Learn & Earn program now allows accounting graduates who are unaffiliated with a participating firm or employer to sign up, as long as they are employed full time.

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Top 9 Amazon Textract alternatives for data extraction

Nanonets

Amazon Textract is AWS's machine learning service that reads and processes documents automatically. It does more than just turn images into text like basic OCR tools. You can use it to pull data from forms and tables, process both typed and handwritten text, work with PDFs and scanned images, and handle documents in multiple languages. It even comes with ready-to-use tools for specific documents like invoices, IDs, and lending paperwork.

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Building a better sales pipeline

Accounting Today

As firms grow, they need to move their sales pipeline from inside their head into a more formal process, says Sarah Dobek of Inovautus Consulting.

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Nov 18, Quarterly Interest Rates Announced

Bookkeeping Essentials

CRA and IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes

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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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CRI and PKFOD receive outside investment

Accounting Today

Carr, Riggs & Ingram and PKF O'Connor Davies separately announced they scored funding from investment firms.

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Top 3 fraud risks to look out for

Plooto

Using technology to run your business is a no-brainer in this day and age. It speeds up processes, helps employees and vendors communicate efficiently, and provides fast, reliable data about all aspects of your business.

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Art of Accounting: 11th anniversary of weekly quick fixes

Accounting Today

Accountants and advisors do not live in a vacuum or are not cordoned off in a silo but are subjected to everything going on in the real world and in business and serving the needs of our clients.

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Withum Launches Dedicated AI Services Website

Insightful Accountant

Comprehensive resource withum.ai to help businesses navigate artificial intelligence space.

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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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How to Reduce Payroll Taxes for Small Businesses

CSI Accounting & Payroll

When you own a small business, you can owe a lot in payroll taxes. If you have a small profit margin, you may be wondering how you can reduce your payroll tax liability – legally, of course.

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Thomson Reuters Announces Partnership with Oracle

Insightful Accountant

Thomson Reuters has announced a partnership with Oracle which will turnkey integration with ONESOURCE Pagero and Oracle Cloud Enterprise Resource Planning, effectively transforming e-invoicing processes.

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Lacerte 1040 Tax Planner and Analyzer – What You Need To Know

Ace Cloud Hosting

Lacerte by Intuit is one of the most popular tax preparation and filing software for firms and professionals. It offers several handy features that help tax professionals file taxes efficiently.

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Nomination Period Extended for 2025 ProAdvisor Awards

Insightful Accountant

Insightful Accountant is extending the 2025 ProAdvisor Award Nomination Deadline by three weeks until December 10, 2024. This extension applies for both the U.S. and International ProAdvisor communities.

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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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Mastermind Roundtable: Strengthening Your Talent Retention & Engagement

accountingfly

When: Tuesday, December 3 @ 11 am CT / 12 pm ET Location: Virtual, Zoom Host: Jeff Phillips, Co-Founder of Accountingfly and CEO of Padgett Are you ready to protect the investments you’re making in hiring top accounting talent? As an Accountingfly client, you’re invited to an exclusive mastermind roundtable designed to empower your firm with insights on talent retention, engagement, and onboarding.

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IRS Proposal to Slash Third-Party Notice Period Draws Criticism

Insightful Accountant

In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced strong opposition to proposed IRS regulations.

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What is Test Time Training

Nanonets

Introduction Back-propagation has been the engine driving the deep learning revolution. We've come a long way with advancements such as: New layers like Convolutional Neural Networks, Recurrent Neural Networks, Transformers. New training paradigms like fine-tuning, transfer learning, self-supervised learning, contrastive learning, and reinforcement learning.

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From Training to Profit: Equipping Accountants to Deliver Game-Changing Client Education

Insightful Accountant

Training has emerged as an effective and a least costly client acquisition strategy for accountants. Beyond attracting new clients or moving clients further into your services funnel, it can also stand alone as a lucrative revenue stream.

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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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2024 Salary Trends Business Owners Should Know

Fit Small Business

Understanding salary trends is crucial for both job seekers and employers navigating a dynamic labor market. This article explores the key factors driving wage changes, including inflation and industry demands. Staying informed of these 2024 compensation trends can help you make strategic career or business decisions this year. US Salary Trends 1. Actual salary increase.

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Transforming Accounting Workflows: Tommy Tsai on Coefficient's AI-Driven Spreadsheet Tools

Insightful Accountant

Join Gary DeHart as he interviews Tommy Tsai of Coefficient, to explore how spreadsheets are evolving with modern technology. Tommy shares his journey in startups and software engineering before discussing Coefficient's innovative features.

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Trump and the GOP won a huge election for taxes. Now for the tricky part

Accounting Today

The numbers are getting murkier, and the politics with a slim majority in the House and the minutiae of Senate reconciliation rules look anything but easy.

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IRS reforms bring relief, but Trump win clouds future plans

Accounting Today

Donald Trump's re-election brings uncertainty to the tax landscape, including proposals for both numerous tax breaks and funding cuts to the IRS.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Johnson says Congress will 'do the math' on key Trump tax pledge

Accounting Today

House Speaker Mike Johnson said Donald Trump's plan to end income tax on tips would have to be paid for, injecting a note of caution into one of the president-elect's key campaign pledges.

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