Tue.Sep 03, 2024

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IRS targets large partnerships for increased audits

Accounting Today

The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.

Auditing 312
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Mastering the Future: How Rolling Forecasts Can Propel Your Business Growth

Accounting Department

It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.

Budgeting 258
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Hourly earnings growth fell at small businesses in August

Accounting Today

Hourly earnings growth for workers at small businesses dropped to 2.89% in August, Paychex reported Tuesday, the first time growth has been under 3% since January 2021.

Payroll 286
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Cloud in Healthcare Industry – Benefits and Use Cases

Ace Cloud Hosting

After the COVID-19 pandemic, the healthcare sector is experiencing a significant surge in innovation.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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IAASB releases handbook for int'l audits

Accounting Today

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Auditing 275
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Strategies to Navigate Small Business Tax Preparation

Less Accounting

Tax season can be a daunting time for small business owners. From gathering receipts to navigating complex tax codes, the process can feel overwhelming. However, with the right strategies in place, tax preparation can become a smooth and manageable task. In this post, we’ll explore some effective strategies to help small business owners navigate tax preparation with confidence.

Tax 59

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Warehouse Wednesday: Acumatica In-depth Part 5

Insightful Accountant

This is a prologue to Murph's next part of his in-depth series on Acumatica. a summary of Acumatica ERP's Wholesale and Distribution businesses that simply can't get the job done with smaller accounting solutions.

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7 impactful tax strategies for HNW business clients

Accounting Today

This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.

Tax 230
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IRS Reminds Taxpayers of Important Tax Guidelines Involving Online Crowdfunding

Insightful Accountant

The IRS reminds taxpayers of important tax guidelines involving contributions and distributions from online crowdfunding.

Tax 52
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IRS seeks to bolster foreign trust, gift transactions rules

Accounting Today

Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.

Tax 214
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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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Intuit releases latest QuickBooks Small Business Insights

Insightful Accountant

Intuit has just released the newest edition of their quarterly QuickBooks Small Business Insights, a survey of SMB owners.

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Researchers teach LLMs to use spreadsheets well

Accounting Today

Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.

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Accounts Payable Trends in 2024

oAppsNet

The world of finance is continuously evolving, and the accounts payable (AP) process is no exception. As businesses strive to improve efficiency and reduce costs, they increasingly turn to new technologies and strategies to optimize their AP processes. However, the adoption of these trends may also present challenges such as initial costs, staff training, and potential resistance to change.

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One-fourth of accountants want more DEI

Accounting Today

Twenty-five percent of accounting professionals want to increase their roles in implementing diversity, equity and inclusion initiatives, per the Center for Accounting Transformation.

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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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Buying a Small Business? Avoid These 5 Common Mistakes

CSI Accounting & Payroll

When you want to buy an existing small business, you’re curious about what can go wrong – beyond just overpaying. What are the biggest mistakes that buyers make when purchasing a business? Let's discuss the five most common ones.

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New regs on changing accounting methods for research

Accounting Today

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.

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4 ways fintech drives business growth

Plooto

Today’s business environment is putting pressure on businesses to be efficient and intentional with their investments. Business owners are increasingly turning to technology to overcome challenges like rising costs and difficulty accessing capital. In fact, in a 2024 survey of American small business owners , 50% said they were likely to allocate more of their budgets to technology and infrastructure.

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Everything is now e-commerce: Are you ready?

Accounting Today

Welcome to the era of e-commerce accounting, where digital transactions are overtaking traditional sales.

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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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Innovative Accounting: Tech Trends Every CPA Should Know

Insightful Accountant

Accounting is evolving along with the rest of the world, and it's definitely one of those industries that will keep expanding. However, there are certain trends you should pay attention to if you want to succeed more quickly.

CPA 52
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Modernizing your tax workpapers process

Accounting Today

For too long, tax departments have longed to improve their workpapers process, but they lack the time, resources or expertise to do so.

Tax 162