Fri.Mar 22, 2024

article thumbnail

Tech news: KPMG Digital Gateway adds gen AI capacities

Accounting Today

KPMG Digital Gateway adds gen AI capacities; Chime now offers in-app tax filing; Financial Cents new ReCats tackles uncategorized client transactions; and other accounting tech news

Tax 321
article thumbnail

Here’s how women at Intuit inspire inclusion

Intuit

March is a special month because it honors the contributions and achievements women have made throughout history. The theme for Women’s History Month in 2024 is inspiring inclusion, which recognizes the importance of embracing everyone and excluding no one. At Intuit, we recognize that individuals are multi-layered, and their experiences shape who they are.

professionals

Sign Up for our Newsletter

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

article thumbnail

A secret weapon for growth: market research

Accounting Today

A new Hinge study details the marketing tactics of high-growth accounting firms.

article thumbnail

Interview with AI: How useful is it

Bookkeeping Express

As Artificial Intelligence (AI) moves to the top of the buzzwords in today’s business world, we decided it was time to take it out for a spin and test its insights. We asked ChatGPT, Google’s free AI engine, some of the more pertinent questions for business owners. See some of those questions and answers below, as well as an exclusive look at how BKE is training an AI engine to provide even more useful information to our clients.

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

IRS tries to catch up on backlog as returns flood in

Accounting Today

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.

Tax 299
article thumbnail

How Expat Clients Can Legally Slash Their Tax Bill

Earmark Accounting Podcast

Do you have clients living or working abroad who could save big on their taxes? In this episode, expat tax specialist Vincenzo Villamena outlines creative strategies US citizens overseas can use to legally reduce their tax burden. Learn how your expat clients can exclude $120,000 in foreign earned income, set up offshore corporate structures to cut their tax rate in half, eliminate 15% self-employment tax, and more.

Tax 59

More Trending

article thumbnail

Azure Functions vs Logic Apps: Comparison and Use Cases

Economize

Introduction As businesses grow, their need to handle large volumes of data and tasks increases. Automation and workflow integration help businesses scale their operations and eliminate the need for human intervention in repetitive, daily tasks.

article thumbnail

Senators introduce bill to remove tax breaks for mergers

Accounting Today

An unlikely pair of lawmakers is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.

Billing 290
article thumbnail

Is Accounts Payable Automation a Good Investment?

NextProcess

The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision.

article thumbnail

IRS ERC compliance effort stops billions in dubious claims

Accounting Today

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the IRS instituted a processing moratorium.

Tax 290
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

A Comprehensive Guide About Usage-Based Billing Software

Billing Platform

A popular billing model, usage-based pricing (also referred to as metered services or pay-as-you-go pricing) is a consumption-based pricing model that allows customers to pay only for what they consume. Largely used among utility companies, rideshare companies, etc., this monetization model is also well-suited for software-as-a-service (SaaS) companies.

Billing 52
article thumbnail

On the move: PKF Texas chief culture officer named to local Women's Hall of Fame

Accounting Today

PBMares establishes new risk advisory consulting practice; Weaver adds a tax partner; and more news from across the profession.

Tax 289
article thumbnail

10 QuickBooks Efficiency Hacks For Streamlining Your Financial Management in 2024

Outsourced Bookeeping

Efficiency is critical in the dynamic field of financial management. By 2024, firms looking to optimize their financial operations will find that knowing QuickBooks is a necessity. QuickBooks may become an extremely powerful tool for streamlining financial management with the correct hacks. Some of the most effective QuickBooks efficiency tips that can improve your money management procedures in 2024 are covered in this guide.

article thumbnail

FASB limits project on accounting for software costs

Accounting Today

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

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

Is Accounts Payable Automation a Good Investment?

NextProcess

The accounts payable department is responsible for managing a company’s payments. It’s uniquely positioned to help manage cash flow and support responsible financial management. Naturally, you want the method for managing accounts payable to support good financial decisions. Deciding whether to invest in updated accounts payable (AP) processing might not be an easy decision.

article thumbnail

Leveraging technology to address accounting errors

Accounting Today

As accounting leaders use technology to increase efficiency and reduce workloads, they're finding further benefits in the form of improved accuracy and quality.

article thumbnail

Time Management Tips for Accounting and Finance Professionals  

AvidXchange

During the course of a year, certain periods can be stressful within accounting and finance departments, as teams are asked to keep up with their day-to-day responsibilities while taking on extra work. This article will provide time management tips for accounting and finance professionals and explain how they can use technology to help navigate busy seasons.

article thumbnail

IRS expands energy credit guidelines

Accounting Today

Notice 2024-30 expands rules for determining an "energy community," among other things.

Tax 195
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

What is a Fractional CFO – And How Do I Find One?

Nanonets

Smaller businesses often push aside big-picture and strategic financial concerns as they launch and ramp up operations. Most founders and owners, while focusing on the basics of profit and loss, roughly outlined balance sheets, and similar essentials, neglect the complex financial framework that is crucial for evolving a company into a sustainable and mature entity – especially if aiming for a liquidity event, seeking external funding, or prepping for a rapid growth phase.

article thumbnail

China scrutinizes PwC role in $78B Evergrande fraud case

Accounting Today

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

Auditing 140
article thumbnail

Delayed Dollars: The Impact of Late Payments on Growing Oil & Gas Companies

FundThrough

The North American oil and gas sector is on the brink of significant growth, with forecasts showing an increase in activity and investments, marking a period of opportunity. Goldman Sachs Research highlights a 25% increase in major projects since 2020. Yet, despite this positive outlook, small oil and gas companies are encountering a range of critical […] The post Delayed Dollars: The Impact of Late Payments on Growing Oil & Gas Companies appeared first on FundThrough.

article thumbnail

A primer on IRS tax avoidance promoter penalties

Accounting Today

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

Auditing 133
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

article thumbnail

Small Businesses Are Not a Niche

Blake Oliver

via CPA Trendlines Small businesses are not a niche. Professional services are not a niche. Individuals are not a niche. Mid-size businesses are not a niche. So why are these the top four “niches,” according to a survey of accounting firm owners ? It must be because most of them don’t understand what a niche is. In short, a niche is a small, specific, and well-defined audience with unique needs, preferences, or characteristics.

CPA 52
article thumbnail

Ex-Steinhoff CEO Jooste's death came after arrest warrant

Accounting Today

Markus Jooste allegedly took his own life after being notified of arrest warrants over an accounting scandal.

article thumbnail

Leading Automated Billing Software: Companies Reshaping Invoicing In 2024

Invoicera

Introduction You might be overwhelmed by a lot of paperwork and hours spent on manual invoicing! Not only are you struggling! Inefficient billing processes can be hectic for anyone, be it startups, medium-sized companies, or large enterprises. But guess what! There is good news. Bringing automated invoicing into your business can be really helpful and increase your productivity.

Billing 52
article thumbnail

Grifols drops as regulator finds 'relevant deficiencies'

Accounting Today

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

article thumbnail

10 pop bands featuring accountants - or do they?

Accounting Fun

Ledger Zeppelin The Rolling Balances Fleetwood Macroeconomics The Balance Sheetles The Fiscal Fighters The Profit Margin Boys The Doublie Entry Bothers The Black Eyed P&Ls Cashabian ABBA (Accountants Balancing Books Always)

article thumbnail

Deficiency claim definition

Accounting Tools

What is a Deficiency Claim? A deficiency claim is that portion of a claim secured by a lien on property that exceeds the value of the property. In this case, the creditor is granted a secured interest up to the value of its collateral , while any excess amount of its claim over the value of the collateral is classified as an unsecured claim. This unsecured portion of the claim is the deficiency claim.

article thumbnail

Top Tipalti competitors and alternatives for AP automation

Nanonets

Tipalti is a market leader in AP automation. Their comprehensive platform handles everything from onboarding suppliers to processing invoices and making global payments. It's no wonder they've won over many businesses, especially mid-market companies looking for an end-to-end AP solution. But here's the thing—there's no one-size-fits-all solution.

AP 40
article thumbnail

Cash collateral definition

Accounting Tools

What is Cash Collateral? Cash collateral is cash , negotiable instruments, documents of title, securities , deposit accounts, and other cash equivalents in which a bankrupt estate and its creditors have an interest. In the absence of a court order to the contrary, cash collateral must be segregated from other assets. When the court orders that cash collateral can be used, creditors are typically protected with new liens on other debtor assets, to the extent that the debtor’s use of the cash coll

article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.