Thu.Jan 30, 2025

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Senators propose fixes to IRS administration

Accounting Today

Senate Finance Committee chairman Mike Crapo. R-Idaho, and ranking member Ron Wyden, D-Oregon, issued a discussion draft of bipartisan legislation.

Tax 288
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Best Practices in Accounting Data Management for Entrepreneurs

Accounting Department

Effective accounting data management isn't just about tidy spreadsheets and balancing your books. It's about safeguarding your business's financial health while ensuring seamless operations.

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Tesla books $600M boost from Bitcoin after accounting change

Accounting Today

FASB regulations requiring companies to record digital assets at fair value go into effect this year, but earlier adoption is permitted.

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Accounting Software same as the 1960’s?

Compleatable

Did you know that some accounting software and ERP solutions have been around since the 1960s and 1970s when the first computerised accounting systems were developed! makes you feel old doesn’t it. The History In the 1980s came along the creation of the personal computers and therefore accounting software became more accessible to smaller business, which saw the likes of Peachtree (now Sage 50 North America) released in 1981 and QuickBooks in 1983 which were primarily designed to simply fi

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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IRS improved customer service, but timeliness problems remain

Accounting Today

The Internal Revenue Service made progress on its customer service and systems last year, but it's still facing challenges with processing tax returns on time.

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How to Choose the Right Virtual Bookkeeping Services for Your Business

Outsourced Bookeeping

In todays fast-paced digital world, businesses of all sizes are turning to virtual bookkeeping services to manage their financial records efficiently. Every business size needs to track its financial transactions, invoices, and tax documents to maintain good financial health. The selection of appropriate bookkeeping services becomes complicated because of the many options which exist today.

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What the White House's federal buyout means for IRS operations and taxpayers

Blake Oliver

What does the White House buyout offer mean for the Internal Revenue Service? IRS employees can resign by Feb 6 and get 7-8 months' full pay/benefits through September. Those who stay should expect to return to the office five days a week. The White House expects 5-10% of federal workers to accept the buyout offer. It also froze federal hiring in January.

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IRS urged to do more to protect whistleblowers despite NDA

Accounting Today

TIGTA report suggests the IRS needs to do more to enable whistleblowers to report on fraud, waste and abuse, even if they've signed nondisclosure agreements.

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Vertex releases 2024 Year-End Sales Tax Report

Insightful Accountant

Vertex has released their 2024 Year-End Sales Tax Rates and Rules report, highlighting significant shifts in local tax structures and the growing complexity of tax compliance across the United States.

Tax 52
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Acumatica announces AI Studio, new AI Labs features

Accounting Today

Cloud ERP solutions provider Acumatica announced several updates and enhancements for 2025 that align with the company's new AI-first product strategy.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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A New CEO and CFO at Ignition

Insightful Accountant

Ignition has names their Global President Greg Strickland as their new CEO, and Amy Food as their new CFO.

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Teach accounting students data visualization and analytics

Accounting Today

Future accountants should be as proficient in performing variance analyses and using data visualization software as they are with general ledgers.

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Five Strategies for Managing Cash Flow Without Increasing Workload

Insightful Accountant

Contributing author Katie Thomas gives you five strategies you can use to ensure steady revenue all year long.

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Italy firm got Carlyle cash and allegedly paid for yacht, winery

Accounting Today

A draft report from auditing firm Deloitte raised questions about more than 80 million of financial transactions by Pro-Gest and its owners, members of the Zago family, involving payments for a yacht and cash used to fund a prosecco winery.

Auditing 130
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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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HR Compliance in High-Regulation Industries: What Accounting Professionals Need to Know

Insightful Accountant

In many industries, businesses must navigate complex regulatory landscapes to avoid costly penalties and ensure their operations are running smoothly. High-regulation industries are subject to strict compliance standards.

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Stampli procure-to-pay platform touts "conversation-first" approach

Accounting Today

AP-focused financial automation platform Stampli announced the release of an AI-driven procure-to-pay solution that works through dynamic conversations with the system itself.

AP 113
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Jan 30, Payroll for a Small Business Owner | Manual For Less Than 10 Employees

Bookkeeping Essentials

Small business payroll (under 10 employees) made easy. Essential tasks, W-2/1099 compliance, and practical tips. Learn and stay compliant!

Payroll 52
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Understanding the Basics of Liquidity Management

Tipalti

Discover the fundamentals of liquidity management, its importance for businesses, and strategies to optimize cash flow and financial stability.

FinOps 52
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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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How to Get Tax Clients: 13 Practical Tips

Future Firm

Want to pull in new tax clients for your firm? Do these 13 actionable strategies that I've tried and tested over the years. The post How to Get Tax Clients: 13 Practical Tips appeared first on Future Firm.

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What Are Supplier Portals?

oAppsNet

Managing supplier relationships can often be complex and resource-intensive. Enter the supplier portal: a solution that simplifies processes saves time and fosters smoother, more productive vendor interactions while supporting your organization’s digitization goals. Acting as a centralized workspace, a supplier portal enables efficient collaboration , streamlined information exchange, and optimized steps from onboarding and document submission to order tracking and communication.

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Jan 30, Setting Up and Managing Payroll | Manual For Fewer Than 10 Employees

Bookkeeping Essentials

Learn payroll setup and management for US small businesses with under 10 employees. Covers compliance, worker classification, documentation, and best practices.

Payroll 52
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BOI Is Back? What’s New and Why We Have Whiplash

Insightful Accountant

Groundhog day anyone? While the Supreme Court recently granted a stay against one injunction, a separate nationwide pause remains in effect, creating a nuanced compliance environment that demands careful navigation.

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AP Automation: The Competitive Advantage Your Business Needs

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

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Jan 30, Payroll Tax Reporting and Compliance | Manual For Under 10 Employees

Bookkeeping Essentials

Simplify payroll compliance for your small business (under 10 employees). Avoid penalties. Part 2 of this manual covers W-2s, 1099s, year-end procedures, and.

Payroll 52
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Embracing Transformation: How Bookkeepers Can Thrive in a Changing Industry

The Successful Bookkeeper

The bookkeeping industry is undergoing a seismic shift. With advances in technology, automation, and the rise of cloud-based platforms, bookkeepers worldwide are reimagining how they deliver value to clients. This transformation is not only an opportunity for innovation but also a chance to redefine the role of bookkeepers as strategic partners to small businesses.

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Gen Alpha Consumers: Who They Are, Key Behaviors & How to Market

Fit Small Business

Keep reading to learn more about who the Gen Alpha are, what their consumer behaviors and preferences are, and how your business can appeal to their needs and convert them into customers. Get to Know the Alpha Generation of Consumers The alpha generation of consumers, or Gen Alpha, are people born between the years of. The post Gen Alpha Consumers: Who They Are, Key Behaviors & How to Market appeared first on Fit Small Business.

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Difference Between Auditing And Assurance Services

Black Ink Tax & Accounting

Table of Contents Difference Between Auditing and Assurance Services Starting a business, whether it’s a for-profit institution or not-for-profit institution, […] The post Difference Between Auditing And Assurance Services appeared first on bitaccounting.

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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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Top 5 Reasons Why Should You Automate Supplier Payments

Ascend Software blog

Managing finances is a critical part of running any business, but supplier payments often dont get the attention they deserve. For many companies, the process is still manual, filled with repetitive tasks like cutting checks or reconciling invoices. Not only is this time-consuming, but its also expensive and prone to mistakes that can delay payments or strain vendor relationships.

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Tax benefits of real estate

Black Ink Tax & Accounting

Table of Contents Difference Between Auditing and Assurance Services Starting a business, whether it’s a for-profit institution or not-for-profit institution, […] The post Tax benefits of real estate appeared first on bitaccounting.

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Paid Diagnostic Reviews: Unlocking Profitable QBO Cleanups

5 Minute Bookkeeping

Ever had a client hand you a set of books so messy you didnt know where to start ? When they come to us for help, cleanup projects often turn out to be more complex than they first appear. Without a clear process bookkeepers risk undercharging, overworking and taking on clients who arent a good fit. Thats where the paid diagnostic review can be the key to unlocking profitable QBO cleanups.