Tue.Jan 23, 2024

article thumbnail

IRS aims to simplify tax notices

Accounting Today

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.

Tax 336
article thumbnail

Intuit Announces New Economic and Small Business Job Data for 2023Q4

Insightful Accountant

As accountants look ahead to the upcoming year, it’s important for them to note what the current landscape looks like for their small business clients. That's why you may find this 4th-Quarter data from 2023 beneficial.

professionals

Sign Up for our Newsletter

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

article thumbnail

RSM sees global revenue grow 16% to $9.4B

Accounting Today

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

Auditing 317
article thumbnail

What are SMBs Looking for in their Accounting Firm?

Insightful Accountant

A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.

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

Curtailing the ERC to pay for taxpayer benefits

Accounting Today

An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.

Tax 312
article thumbnail

Pay Transparency Website Levels Playing Field for Accountants

Cloud Accounting Podcast

Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points.

More Trending

article thumbnail

14 Proven Strategies for Growing a Tax Practice

Jetpack Workflow

If you’re a new firm owner starting to — or struggling to — grow your tax business, you may wonder what scaling a firm actually looks like in practice. Do you need to niche down immediately? Should you ask new clients for referrals right away? Can you put your website on the back burner for now? On Jetpack Workflow’s Growing Your Firm podcast, we recently interviewed 4 expert accountants who once had similar questions.

Tax 59
article thumbnail

EAs face end-of-month renewal deadline

Accounting Today

Among others, Enrolled Agents with Social Security numbers ending in 7, 8 or 9 must renew with the IRS by Jan. 31.

Tax 237
article thumbnail

Zapier + QuickBooks: Accounting automation workflow ideas

Nanonets

Automation in accounting? A game-changer! Imagine invoice processing costs dropping from  $40  to  $1.42  each. That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. You can connect QuickBooks with over 5000+ apps — no code needed.

article thumbnail

FAF revamps FASB website

Accounting Today

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

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

Why Vendor Reconciliation Matters

oAppsNet

Vendor reconciliation is one choreography that stands out in the intricate dance of financial transactions. It’s not just a meticulous balancing act; it’s a critical process that is profoundly important for businesses. This comprehensive exploration delves into the layers of why vendor reconciliation matters, unraveling the significance that goes beyond mere numbers. 1.

article thumbnail

ADM accounting probe highlights struggle to expand

Accounting Today

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

article thumbnail

How Norbella Streamlined Its Media Payments

AvidXchange

Norbella is a n independent media agency based in Boston that partners with brands to create intuitive and adaptive media campaigns. It takes a comprehensive approach rooted in strategy, informed by customer data and insights, and guided by media intelligence. Its teams become extensions of those the y work with, making a lasting impact on target audiences and the business bottom line.

article thumbnail

Americanas probe circles around ex-CEO now living in Spain

Accounting Today

In the year since a 25 billion reais ($5 billion) accounting fraud scandal erupted at his former company and tarnished the reputation of its billionaire shareholders, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

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

What is FNOL in Insurance?

Nanonets

People buy insurance policies with the hope that in the event of an unfortunate loss or damage to the insured assets, their deprivation will be suitably compensated by the insurance provider at the earliest. Once loss or damage occurs, the compensation payment process is initiated by sending the First Notice of Loss (FNOL). The insurance provider immediately investigates the loss or damage and settles the loss or damage with the insured person.

article thumbnail

Enhance the power of generative AI in AR and AP

Accounting Today

Leveraging the benefits of generative AI has the potential to improve the workplace experiences of finance professionals.

AR 160
article thumbnail

Member Spotlight: Time Is on Your Side

NACM

The relentless pursuit of education never stops for some professionals, no matter where they may be in their career's tenure—especially for those who change or take on additional roles. NACM's Professional Certification Program gives credit professionals that exact opportunity. With six levels of education that start with the basics of credit all t.

5
article thumbnail

In the blogs: Interesting questions

Accounting Today

1099s every quarter; latest tax lawmaking; a crypto outlook for 2024; and other highlights from our favorite tax bloggers.

Tax 150
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

He fled California's taxes. Now he's fighting them in Washington

Accounting Today

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

Tax 145