Mon.Dec 04, 2023

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IRS falls short when employees get arrested

Accounting Today

The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report.

Tax 321
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14 Awesome Accounting Blogs for Accountants & Accounting Mangers

Fidesic blog

Looking for the best accountants blog? We couldn't narrow it down to just one so we chose to list 14 great blogs for accountants and other thought leadership sources on accounting. The accounting blog topics vary slightly for each one. The first 9 blogs are general accounting blogs and news sources. The last 5 are geared toward accounts payable and payments industries, because that's what we are focused on.

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PwC names Mohammed Kande as new global chair

Accounting Today

Kande has been the firm's global advisory leader since 2019 and also currently serves as co-leader of the U.S. Consulting Solutions side, where he has been involved in the firm's artificial intelligence efforts.

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Make sales tax easier with Xero’s new auto sales tax, powered by Avalara

Xero

It’s no secret that businesses are always looking for ways to work smarter and faster. In fact, according to a recent survey of finance professionals commissioned by Avalara , 71% are investing in more tools and solutions to close overall efficiency gaps. When it comes to manual tasks, there are few that are more burdensome than sales tax. There are more than 13,000 jurisdictions across the US, so sifting through them all and making sure you’re selecting the right ones for your business can be a

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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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IRS spots $37.1B in tax and financial crimes

Accounting Today

The Internal Revenue Service's Criminal Investigation unit identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous year.

Tax 321
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Real-time Payments and FedNow: What You Need to Know 

AvidXchange

In our fast-paced world, consumers want instant gratification. This is becoming true in the payment space, as the adoption of digital payment platforms increases. McKinsey reports that 82% of Americans conducted a digital payment in 2022 – up from 78% in 2021. While person-to-person (P2P) payment tools like Venmo grow in popularity, businesses are beginning to expect that same convenience.

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Award Nominees and Applicants: Don't Lose that Email

Insightful Accountant

What Does It Take To Be Recognized in the 2024 ProAdvisor Awards? It Takes You Participating! If you've been nominated you should have gotten an email taking you to the Formal Application. Don't ignore or loose that Email!

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IRS whistleblower nets $15M award amid calls for reform

Accounting Today

An anonymous tipster helped the agency catch more than 100 high net worth individuals who paid a combined $71 million in previously avoided taxes.

Tax 255
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Intuit Releases Newest Small Business Index

Insightful Accountant

According to the Intuit QuickBooks Small Business Index, November, 2023 saw US small business employment decrease by 36,800 jobs to 13,244,300 people.

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Consulting giants see AI shaving years off the path to partner

Accounting Today

Artificial intelligence speeds up the time it takes junior staffers to make it to the prestigious partner level as the technology eliminates vast swaths of the repetitive, time-consuming tasks that typically filled up their first few years on the job.

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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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Building Trust with Clients: A Guide to Effective Communication

Enterprise Recovery

Effective communication is the foundation for building trust with clients. Communicating clearly and consistently shows your clients that you value their business and respect their time. Communication and trust create a positive relationship so your clients feel good about paying their invoices.

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Supreme Court could make massive tax impact — or none at all

Accounting Today

Moore v. U.S. could "basically get rid of, I don't know, a third of the tax code," former House Speaker Paul Ryan has said.

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The Practical Guide to Project Management for Accountants

Jetpack Workflow

Successful project management for accounting firms is more than setting up a timeline for deliverables and estimating project costs. It also requires you to effectively manage client expectations and not let obstacles or mounting pressures compromise the quality of your work. For the growing number of firms with teams working remotely or with a hybrid model, having proper project management systems in place becomes even more essential.

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Ex-lawyer who advised top banks on taxes told to expect conviction

Accounting Today

A former Freshfields Bruckhaus Deringer attorney advised top investment banks on how to navigate the "Cum-Ex" trading strategy at the center of Europe's biggest tax scandal.

Tax 195
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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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eLearning Portals: Features, Best Practices, and Tips

Invoicera

Nearly half of the world’s most profitable organizations use eLearning techniques to assist novice professionals in honing their technical skills. Employers are witnessing an enormous rise in worker engagement with an eLearning platform. On average, employees use eLearning platforms for learning for over 5 hours. In this blog, we’ve put together some best practices […] The post eLearning Portals: Features, Best Practices, and Tips appeared first on PixelCrayons.

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Marcum launches generative AI tool, AskMarcum.ai

Accounting Today

The tool is a product of Marcum Technology's innovation incubator, Marcum Labs, and is embedded within Microsoft Teams.

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Join us for Today's Future Forward (Day-1)

Insightful Accountant

It's Future Forward time. are you ready to find out what the future holds for the accounting, bookkeeping and advisory communities? It's not too late to register for today's FREE informative 'live' sessions.

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Billionaire tax rests on a disputed $14,729 refund at the Supreme Court

Accounting Today

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

Tax 189
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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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Automated order processing: Boost efficiency

Nanonets

Whether running a B2B or B2C business, streamlining your order-to-cash (O2C) process can mean the difference between success and stagnation. A recent McKinsey study revealed that a shocking 3-5% of EBITDA often slips through cracks in the O2C process. That's cash you could be pocketing! Moreover, manual methods simply can't keep up with the experiences that modern customers now expect.

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Art of Accounting: Jumpstarting tax season 2024

Accounting Today

Now is the time to start planning tax season and easing some of its pressures.

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