Tue.Jan 16, 2024

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IRS and Treasury give businesses reprieve on digital asset reporting

Accounting Today

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

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Don’t Forget About K-2 and K-3

Insightful Accountant

Recent filing instructions include a domestic filing exception, potentially exempting domestic passthrough entities if they meet the criteria.

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Congressional leaders agree on tax extenders deal

Accounting Today

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

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Top 15 Tax Season Tips For Busy Accountants That You Haven’t Heard Of

Ace Cloud Hosting

The tax season is not far away. Like every year, the tax preparers are gearing up to beat this hectic time by eliminating any chink in their armor. So, as.

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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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Hyundai offers $7,500 cash bonus for EVs to match US tax credits

Accounting Today

The Korean company is seeking to keep its cars competitive with automakers qualifying for tax credits under the Inflation Reduction Act.

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Top 11 Benefits of Drake Tax Software on Cloud for Tax Preparation

Ace Cloud Hosting

One of the leading tax software programs, Drake enables CPAs, individual tax preparers, and business owners to simplify tax operations efficiently. Features like Drake Tax Planner, Drake Scheduler, etc., play.

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2024 Revenue Cycle Management Challenges and Emerging Trends

SSI Healthcare Rev Cycle Solutions

2024 Revenue Cycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Marketing Manager at The SSI Group, LLC Welcome to the healthcare landscape of 2024 – a complex terrain where high stakes meet numerous challenges, defining a dynamic and demanding era in healthcare. This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenue cycles more efficie

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From Starbucks to cash cards, small perks can boost 401(k) enrollment

Accounting Today

Retirement plan sponsors and their financial advisors receive guidance from the IRS on how the Secure 2.0 Act opened the door for "de minimis financial incentives.

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How To Get Vendors To Pay On Time, Every Time

The Successful Bookkeeper

After providing great services, it's really frustrating not to get paid on time, isn't it?

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Fujitsu says it will pay compensation in post office scandal

Accounting Today

Hundreds of sub-postmasters in the U.K. were wrongfully prosecuted for theft and false accounting after computer glitches led to shortfalls in their accounts.

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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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Murph Hosts Today's ProAdvisor Meetup

Insightful Accountant

Murph is inviting you to a ProAdvisor Meet-up for an "open microphone' edition of QB Talks. He wants your thoughts on Awards, ProAdvisor Program changes and QuickBooks Desktop Pro/Premier and Payroll changes.

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Trivium merges in Lyons & Lyons and Paradigm

Accounting Today

The Connecticut-based financial advisory firm has added a CPA firm and a registered investment advisory firm.

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3 Singapore Government Grants for Startups to Know

Counto

3 Singapore Government Grants for Startups to Know Setting up a new business in Singapore can be exciting. However, there’s one essential element that can often make or break a startup’s success – funding. For budding entrepreneurs, the Singapore government offers a supportive hand through an array of grants designed to fuel growth and innovation.

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Young staff need to be in the office because of AI, says PwC's UK boss

Accounting Today

Kevin Ellis is adamant that younger staff in particular should avoid the temptation of working from home.

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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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9 AI Applications in Construction

AvidXchange

Artificial Intelligence (AI) is revolutionizing the construction industry, bringing positive impacts to areas like administration, logistics and project management to name a few. AI applications in construction are delivering better overall outcomes for projects, helping businesses save money and build efficient processes. Consider the following AI applications in construction if you’re ready to harness its power within your organization.

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Marcum acquires Federman, Lally & Remis

Accounting Today

The New York-based Top 20 Firm has acquired a firm headquartered in Farmington, Connecticut.

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Things You Should Do Before Starting a Tech Startup in Singapore

Counto

Things You Should Consider Before Starting a Tech Startup in Singapore With its business-friendly environment, robust tech ecosystem, and government support, Singapore is an ideal destination for tech entrepreneurs. However, before embarking on your startup journey, there are essential factors you should consider to ensure a successful launch and sustained growth.

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Gen-AI: Good for profits, bad for society?

Accounting Today

A set of surveys has found that businesses are highly optimistic about the ability for generative AI to drive profits, but they're highly pessimistic about the wider social effects.

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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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Catch our upcoming webinars this week!

Insightful Accountant

Catch three of Insightful Accountant’s Webinars this week. Here’s a sneak peek of what our webinars have in store for you.

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New valuation frameworks are needed as climate accounting pressure heats up

Accounting Today

Investors must account for the impact of transition risks on existing investments, including potential costs to remediate or decommission assets that would otherwise remain productive.

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Free Online Video: Webinar on 2023 Form 1099-K Rules for Payment App and Online Marketplace Users

Insightful Accountant

IRS Releases Free Online Video: 2023 Form 1099-K Webinar Covers Payment App and Online Marketplace Income Reporting

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Thomson Reuters outbids rivals, says it owns 53% of Pagero

Accounting Today

Thomson Reuters was the winner of a bidding war to acquire a majority stake in Swedish e-invoicing and tax solutions firm Pagero.

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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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A Comprehensive Vendor Reconciliation Guide

oAppsNet

Vendor reconciliation serves as the compass that ensures a company’s financial records align seamlessly with those of its vendors. This comprehensive guide explores the nuances of vendor reconciliation, providing businesses with insights and strategies to navigate the complexities of financial accuracy effectively. Foundational Steps for Vendor Reconciliation 1.

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AssetMark adds tax management services to portfolio tools

Accounting Today

The TAMP developed its new tools after consulting with a group of financial advisors on the design and functions.

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The 10 Best Workflow Automation Software in 2024

Nanonets

In the fast-paced world of modern business, the relentless tide of tasks and processes can often feel overwhelming. Imagine this: you're part of a bustling marketing team juggling numerous campaigns, each with deadlines, approvals, and content revisions. Your inbox is flooded with emails, spreadsheets, and project updates, making it a Herculean effort to keep everything on track.

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In the blogs: Same stuff, different year

Accounting Today

Swag taxes; audit ROI; your best reading for 2024; and other highlights from our favorite tax bloggers.

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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.