Tue.Oct 29, 2024

article thumbnail

TCJA extension or sunset: Gamechangers for professional athletes

Accounting Today

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

Tax 317
article thumbnail

Why CFOs Must Prioritise Their Own Efficiency: The Importance of AP Automation

Compleatable

They say that doctors make the worst patients. While I can’t confirm whether this is true, the analogy resonates deeply with me as a CFO. Just like doctors may meddle in their own diagnoses, we finance professionals often neglect our own needs, especially when it comes to the resources that would make our jobs easier. Let me explain. As finance experts, we excel at building robust budgets and forecasts.

AP 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FASB proposes update on accounting for software development

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

article thumbnail

Top Best Lacerte Add-ons for Accountants and Tax Preparers

Ace Cloud Hosting

Lacerte is a renowned professional tax preparation software offered by Intuit. It provides features and tools for error diagnosis, automated calculations, tracking missing data, tax law alerts, and more. It.

Tax 75
article thumbnail

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.

article thumbnail

Thomson Reuters makes major investment in AI cross-selling software

Accounting Today

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

CPA 299
article thumbnail

Improving your Cash Application Processes

oAppsNet

If you’re like most businesses, your cash application process probably isn’t as efficient as it could be. Many companies struggle to reconcile incoming payments, match them to the correct customer accounts, and ensure everything is accounted for in real-time. The result? Delays in cash flow, errors, and frustration for both your team and your customers.

More Trending

article thumbnail

Warehouse Wednesday: Autonomous Warehouse Robots

Insightful Accountant

Cyngn is bringing autonomous warehouse robots into reality just like Tesla is bringing autonomous commercial vehicles into reality.

52
article thumbnail

Small biz job growth impacted by hurricanes

Accounting Today

Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.

Payroll 287
article thumbnail

Breaking News: ProAdvisor to Return to QuickBooks Badges

Insightful Accountant

Good news for hundreds of thousands of ProAdvisors, the term ProAdvisor is making its way back onto the New Badges and Certificates that have appeared over the last week or so.

article thumbnail

10M more 1040s by 2031

Accounting Today

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.

Tax 240
article thumbnail

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.

article thumbnail

Tech Solutions for Small Tax Practices: Expert Insights with Christine Gervais

Insightful Accountant

In this episode of the Accounting Insiders Podcast, Gary DeHart sits down with CPA doctoral candidate Christine Gervais to address the biggest technology challenges facing small tax practices.

Tax 52
article thumbnail

In the blogs: Are we ready?

Accounting Today

Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.

Tax 182
article thumbnail

Crunch Numbers, Not Time: Become a BooXkeeping Franchise Owner

Insightful Accountant

The bookkeeping industry is expanding rapidly, with more small and medium-sized businesses recognizing the value of outsourced financial services. Owning a BooXkeeping franchise offers a unique opportunity to leverage your expertise.

article thumbnail

Herbein acquires Bumpers

Accounting Today

The Pennsylvania-based Regional Leader is expanding to Delaware.

182
182
article thumbnail

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.

article thumbnail

Google Cloud Invests in FOCUS and GenAI to Drive the Future of FinOps

FinOps Foundation

Key Insight: Google Cloud is investing in data to help FinOps Practitioners drive the next level of business innovation. At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with Pravir Gupta , VP of Engineering at Google Cloud, to ask what he thinks the Future of FinOps will look like. Pravir noted that customer expectations are evolving; Practitioners need more granular and more real-time data so they can properly forecast, allocate, and

FinOps 130
article thumbnail

US, Taiwan to begin talks on a deal to address double taxation

Accounting Today

Taiwan's firms see high U.S. taxes as a major impediment to additional investment in America.

Tax 173
article thumbnail

Beginner's Guide to Claude 3.5 Sonnet and Haiku (New)

Nanonets

What are Claude 3.5 Sonnet and Haiku ? Claude 3.5 Sonnet (New) and Claude 3.5 Haiku are Anthropic's new advanced Large Language models, among which Claude 3.5 Sonnet (New) is an upgraded version of Claude 3.5 sonnet. It offers greater efficiency, nearly doubling speed and enhancing comprehension of complex and conversational contexts. Claude 3.5 Sonnet now delivers significantly improved performance on coding and tool use tasks.

article thumbnail

How American tax breaks brought a Chinese solar energy giant to Ohio

Accounting Today

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

Tax 173
article thumbnail

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.

article thumbnail

Announcing the 2024 winners of the Xero Beautiful Business Fund

Xero

We’re thrilled to announce the global and country winners of the 2024 Xero Beautiful Business Fund, who each share in the NZ$750,000 total prize pool. We were blown away by the entries from passionate small businesses and non-profits across seven countries. Our judging panels were both inspired and challenged by the task of selecting 28 exceptional winners.

XERO 234
article thumbnail

Enhance your firm's client experience

Accounting Today

Your clients have options, and the experience you offer can make and keep you the clear choice.

145
145