Tue.Jul 30, 2024

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New forms, new regulations: Top changes out of the IRS

Accounting Today

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

Tax 336
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How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax season

Intuit

For years, Intuit has leveraged artificial intelligence (AI) to transform how consumers and businesses manage their finances for the better. Deploying these technologies responsibly and at scale is no easy feat. Through early investments in building an AI-driven expert platform, where AI supercharges human experts, and human experts supercharge AI , Intuit is serving customers at the cutting edge of today’s AI and data revolution.

Tax 279
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Misconceptions and mismatches: Dealing with the staff shortage

Accounting Today

Tax pros share their thoughts on what's driving the pipeline problem, and some short-term fixes.

Tax 328
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Unlocking Business Insights with QuickBooks Dashboards

Accounting Department

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Undocumented immigrants in US pay nearly $100B in taxes

Accounting Today

New report finds undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer.

Tax 317
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Improve Invoice Matching Rates in Your School or MAT

Compleatable

Watch: Improve Invoice Matching Rates in Your School or MAT Fill in the form to access the video recording of our Compleat Education webinar looking specifically at boosting your invoice matching rates. Name Work Email Address Job Title Watch the video Improve Invoice Matching Rates in Your School or MAT The post Improve Invoice Matching Rates in Your School or MAT first appeared on Compleat Software.

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Do You Have a Migration Story to Share?

Insightful Accountant

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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Schumer plans vote on stalled tax extender bill in Senate

Accounting Today

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

Tax 306
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The 19 Best Accounting Podcasts to Listen To

Future Firm

Looking for the best accounting podcasts on the market? Good news for you, because I've curated the 19 absolute best ones around. The post The 19 Best Accounting Podcasts to Listen To appeared first on Future Firm.

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Pennsylvania to join IRS Direct File free tax program

Accounting Today

The Keystone State will become the 15th to join the IRS's free tax program next filing season.

Tax 302
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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Get More 'Murph'

Insightful Accountant

When you subscribe to Be Insightful, you will actually be able to "get more 'Murph'." Murph will still write informative news and informational articles for Insightful Accountant, but he will be writing in-depth coverage within Be Insightful.

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Small-business job growth lagged in July

Accounting Today

The hiring pace at small businesses dropped slightly in July, payroll processor Paychex reported Tuesday, but wage growth remained consistent.

Payroll 182
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Royalwise OWLS: The Banking Center in QBO

Insightful Accountant

Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Our tutorial on QBO Banking will teach you how to take advantage of the powerful Banking Feed feature in QBs.

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KPMG, Armanino add generative AI to audit tools

Accounting Today

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

Auditing 150
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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Royalwise OWLS: Reconciling in QBO

Insightful Accountant

Attention all small business owners and accountants! Are you tired of spending countless hours manually entering data into QuickBooks? Our tutorial on QBO Banking will teach you how to take advantage of the powerful Banking Feed feature in QBs.

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Our Favorite Government Frauds: An Interview with the Hosts of "Oh My Fraud"

Earmark Accounting Podcast

Greg Kyte and Caleb Newquist of the Oh My Fraud podcast share their favorite government fraud cases they've covered on the Oh My Fraud podcast, including Rita Crundwell's $53 million municipal fraud in Dixon, Illinois, and Claudia Viles' $500,000 tax-collector fraud in Anson, Maine. They also examine the "Fat Leonard" Navy contracting fraud, Eddie Tipton's lottery rigging scheme, and some pandemic-related frauds like PPP and EIDL abuse.

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How to become a CPA

Accounting Tools

What is a CPA? A certified public accountant is an accountant who has passed all parts of the CPA examination, as administered by the American Institute of Certified Public Accountants , and who has completed all additional work and educational requirements of their local state accounting regulatory agency. A CPA is authorized to render an opinion on the fairness of a client's financial statements.

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The Importance of Credit Management for B2B Businesses

oAppsNet

In B2B (business-to-business) transactions, effective credit management is not just an option — it’s a necessity. Proper credit management practices ensure businesses maintain a healthy cash flow, minimize risks, and build strong client relationships. Understanding the significance of credit management in the B2B context can help companies navigate financial challenges and achieve sustainable growth.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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In the blogs: Feeling your pain

Accounting Today

High-income backdown; Direct File collision; the vaping excise mess; and other highlights from our favorite tax bloggers.

Tax 140