Tue.Nov 14, 2023

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IRS promises improvements with extra funding

Accounting Today

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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Average audit fees are rising as auditors turn more to technology

Accounting Today

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

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Optimizing Spending for Improved Profitability

Accounting Department

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

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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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The perils and pitfalls of transfer pricing

Accounting Today

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

Tax 334
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Xero’s new tax manager in Xero HQ

Xero

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

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Xero’s new tax manager in Xero HQ

Xero

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

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AI will create more efficiency and trust around tax

Accounting Today

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

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Bring the Temperature Down on Year-end Payroll Reporting

Insightful Accountant

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

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Aprio merges in Rubens Partners

Accounting Today

The Top 50 Firm is expanding its presence in the Bay Area, effective Dec. 1.

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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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Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth

Insightful Accountant

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

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In the blogs: Another one in the books 

Accounting Today

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

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How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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How Much Does QuickBooks Cloud Hosting Cost?

Ace Cloud Hosting

Understanding QuickBooks cloud hosting pricing is as complex as a game of Monopoly – it can seem confusing and intricate with no clear path to success. However, it doesn’t have.

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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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How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

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Preventing Tax Season Burnout: 7 Strategies for Accountants

Insightful Accountant

Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms. In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond.

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What is Electronic Invoicing (E-Invoicing)?

Nanonets

Introduction Every day, businesses around the world, generate and share millions of invoices for the buying and selling of goods or services. Invoicing is the cornerstone of how businesses across the globe operate. Yet, this key process has traditionally been carried out manually through time and labor-intensive processes which can be heavily error-prone.

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2024 Planning Tips for Finance Teams: How to Unlock Growth in an Uncertain Economy

Plooto

From accountants to CFOs, small business finance teams are the unsung heroes of the global economy.

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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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Types of ERP Systems: Choosing the Right Solution for Your Business

Nanonets

Enterprise Resource Planning or ERP are software solutions that are a centralized hub for managing an array of essential business functions. These encompass everything from accounting and procurement to project management, risk management, compliance, human resources management and supply chain operations.  ERP systems connect and synchronize the different business processes, enabling consolidation of transactional data from diverse sources.

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Celebrating the South African winners of the Xero Beautiful Business Fund

Xero

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. In business operations, BEC is often used to manipulate individuals within an organization for financial fraud or unauthorized access to sensitive information. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions.

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Celebrating the South African winners of the Xero Beautiful Business Fund

Xero

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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International Accounts Payable: Strategies for Global Financial Management

Nanonets

In an increasingly interconnected global  economy, international accounts are a usual part of most business operations. Whether you are a startup catering to multiple markets or a well-established corporation with a global supplier network, understanding the intricacies of international invoice processing is essential for your financial operations to run efficiently.

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Announcing the winners of the 2023 Xero Beautiful Business Fund

Xero

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

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A Complete Guide to Digital Transformation in Accounts Payable

Nanonets

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. Traditionally tackled through manual processes, digital transformation is now at the forefront of AP, with technologies like AI and ML revolutionizing how businesses manage their finances.  In an era where digital transformation is reshaping every aspect of business operations, the role of Accounts Payable (AP) is also undergoing a significant evolution.

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Trump insists on 'disclaimer' defense already tossed in NY fraud trial

Accounting Today

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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How to build an Effective Procurement Strategy

Nanonets

When your company’s procurement strategy is aligned with business goals, there may be a 4x higher return on investment. But a procurement strategy may have several potential objectives: the focus may be on innovation, or on cost reduction, or vendor relationships, geographical distance and location, or any combination of these and other factors.

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Exploring E-Procurement: A Comprehensive Guide

Nanonets

E-Procurement, also known as supplier exchange, is the use of digital tools and technologies to streamline and automate the requisition, ordering, and purchasing of goods and services in a business-to-business context. Although the origin of E-Procurement can be traced to the 1960s with the advent of Electronic Data Interchange (EDI) , it has evolved into a sophisticated process employing online catalogs, bids, purchase orders, and invoices in the 21 st century.

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What is document capture?

Nanonets

All organizations, irrespective of size, deal with a myriad of documents that contain vital information and data required for its functioning.  Daily inundated with data in varied forms, manual management of documents and data can easily overwhelm teams, leading to confusion and inefficiency. Automated and digitized document management can circumvent many of the difficulties of document management.

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A Complete Guide to Self-Billing in Business

Nanonets

Self-billing refers to the situation in which, a customer, not the supplier, takes charge of invoicing. Consider a small manufacturing business that supplies components to a larger assembly plant. Instead of the supplier crafting and sending invoices, the assembly plant prepares the invoices and sends them along with payments. This shift in responsibility simplifies the process and ensures a consistent cash flow for the supplier.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.