Thu.Nov 07, 2024

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ADC Gets "Unbridled" at EO XCentric!

Accounting Department

Our final Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Fort Worth last week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to Texas and spend some time with all of the great event attendees.

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IFAC names next president

Accounting Today

The International Federation of Accountants named its next president, deputy president, new board members and approved member organizations.

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FOCUS 1.1 Now Available. Adoption Continues for Practitioners and Vendors.

FinOps Foundation

Key Insight: Version 1.1, the fourth release of the FOCUS Specification, is now available for cloud vendors and FinOps Practitioners to adopt. This version adds new Columns that deepen support for billing data generated by cloud service providers, giving Practitioners the ability to do more granular, multi-vendor analysis. The community can expect incremental releases roughly twice per year over the next several years as the Specification is expanded to support SaaS datasets and other technology

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Changing the way people think about accounting

Accounting Today

For an industry that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed.

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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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Using LinkedIn to Drive $500K+ in CAS Services w/Roman Villardd

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Roman Villard, CPA , founder of Full Send Finance and co-founder of Full Send Design. The conversation kicks off with a focus on the importance of consistency in achieving success across various endeavors, including social media and business. Roman shares insights from his experiences on LinkedIn, where his consistent efforts have significantly increased awareness of his brand and services over the past year and

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Could your client use the IRA 'bridge' strategy? Here are the numbers

Accounting Today

Financial advisors, tax professionals and their clients will need to make careful planning decisions about claiming Social Security benefits and starting distributions.

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IRS financial report resolves longtime deficiency

Accounting Today

The IRS beefed up its information technology internal controls.

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How to Optimise Payroll for Restaurant Staff and Shift Workers

Counto

How to Optimise Payroll for Restaurant Staff and Shift Workers Managing payroll effectively is crucial for restaurant owners, especially when dealing with restaurant staff and shift workers in Singapore. Optimising payroll helps reduce labour costs while ensuring staff are compensated fairly. Here are practical strategies to help you optimise payroll in your restaurant operations. 1.

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Tax Fraud Blotter: Just business

Accounting Today

The first two pages; a Rainy day; in all modesty; and other highlights of recent tax cases.

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Top Klippa alternatives for streamlined document processing

Nanonets

Klippa DocHorizon might be on your radar if you’re looking to automate your document processing. This AI-powered platform transforms your documents — from invoices and receipts to complex business forms — into usable data. What makes Klippa stand out is its comprehensive approach to document automation. The platform doesn't just read your documents; it understands the context.

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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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M&A roundup: Aldrich and GHJ expand

Accounting Today

Aldrich acquires HMA CPA; and GHJ merges in GGF.

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The Impact of E-commerce Growth on Transfer Pricing for Online Sellers in Singapore

Counto

The Impact of E-commerce Growth on Transfer Pricing for Online Sellers in Singapore As e-commerce continues to thrive, online businesses in Singapore face growing challenges when it comes to transfer pricing. In this digital age, adhering to transfer pricing regulations has become essential for businesses to ensure compliance and avoid penalties. This post will delve into how e-commerce growth is reshaping transfer pricing for online sellers in Singapore and highlight the best practices to remai

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Vanguard to pay $40M to settle 'elephant stampede' investor case

Accounting Today

Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm's flub, the plaintiffs say.

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Top 10 Super AI Alternatives for Document Processing

Nanonets

Super.AI is an Intelligent Document Processing (IDP) platform that harnesses the power of Large Language Models (LLMs) to extract data from any document with guaranteed accuracy.  By offering access to the latest AI models and an on-demand human-in-the-loop (HITL) review through its Data Processing Crowd, Super.AI ensures high-quality results, supporting businesses in generating precise, labeled data essential for training AI models across various industries.

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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.

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Top Remote Accounting Candidates for Hire | November 7, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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Ignition publishes 2024 US Accounting & Tax Pricing Study

Insightful Accountant

Ignition has just released its 2024 U.S. Accounting and Tax Pricing Benchmark report. The report contains valuable information on the industry's current fees and pricing intentions for 2024.

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FinOps X Barcelona 2024: My Session Picks and Recommendations

finout

This article examines how you can manage Snowflake costs and reduce spend with a few easy steps,

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Push Through or Pivot? Finding the Balance for Long-Term Success

Insightful Accountant

Recently, we had the chance to reflect on some common situations we’ve seen firms encounter—moments where it’s unclear whether to push through with a strategy or pause to reassess.

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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 7 Benefits of Diversity in the Workplace

Fit Small Business

Diversity in the workplace is more than just ticking boxes or meeting quotas for hiring people from specific demographic groups or using inclusive language. Genuine diversity, equity, and inclusion (DEI) involves creating an environment where all employees feel valued, respected, and empowered to contribute fully. When organizations embrace this, they unlock a wealth of benefits.

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Exploring the New QuickBooks ProAdvisor Academy: Certification and Training Reinvented

Insightful Accountant

The QuickBooks ProAdvisor Academy, a fresh initiative by Intuit, brings new levels of flexibility and rigor to accounting professionals pursuing QuickBooks certifications. And…it’s all FREE!

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Key Differences in Compliance Between Sole Proprietorships and LLPs in Singapore

Counto

Key Differences in Compliance Between Sole Proprietorships and LLPs in Singapore When starting a business in Singapore, small and medium enterprises (SMEs) often consider various structures, with Sole Proprietorship (SP) and Limited Liability Partnership (LLP) being two common options. Each has distinct compliance requirements and implications. This blog highlights the key differences in compliance between Sole Proprietorships and LLPs, helping you make an informed choice. 1.

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Managing Your Tax Practice's Risk Landscape in 2024: A Guide for Practice Leaders

Insightful Accountant

As tax practice leaders navigate 2024's complex landscape, three major liability challenges demand immediate attention: the new Corporate Transparency Act (CTA), artificial intelligence integration, and evolving cybersecurity threats.

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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.

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Implementing Flexible Work Arrangements: A Key to Reducing Stress for SMEs in Singapore

Counto

Implementing Flexible Work Arrangements: A Key to Reducing Stress for SMEs in Singapore In recent years, flexible work arrangements (FWAs) have become an increasingly popular solution for businesses worldwide, including in Singapore. For small and medium-sized enterprises (SMEs), implementing FWAs presents an opportunity not only to attract and retain talent but also to reduce stress and improve employee well-being.

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How to Do Progress Invoicing in QuickBooks Online

Fit Small Business

I’ll show you how to do progress invoicing in QuickBooks Online, which allows you to issue partial invoices from a single estimate. I’ll walk you through all the steps—from turning on progress invoicing to creating an estimate and generating a progress invoice from that estimate. I’ll also show you how to specify how much of. The post How to Do Progress Invoicing in QuickBooks Online appeared first on Fit Small Business.

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Essential Accounting Tips for Singapore’s F&B Industry

Counto

Essential Accounting Tips for Singapore’s F&B Industry The food and beverage (F&B) industry in Singapore faces unique challenges, especially in terms of financial management. With tight margins and fluctuating demand, it’s essential for F&B business owners to maintain accurate financial records and make informed decisions to sustain and grow their business.

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Pros and Cons of Merchant Financing for Small Businesses

Fit Small Business

If you’re having trouble getting approved for a traditional loan, merchant financing can provide you with the funds needed to cover daily expenses or other funding needs. It is typically easier to get and rarely requires any additional collateral since your sales are considered collateral for the loan. Additionally, since repayments are often calculated based.

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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.

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Understanding Singapore’s Tax Requirements for F&B Businesses

Counto

Understanding Singapore’s Tax Requirements for F&B Businesses Running a food and beverage (F&B) business in Singapore presents unique opportunities and challenges, especially when it comes to understanding Singapore’s tax requirements. For small business owners in the F&B sector, it’s crucial to stay informed about the various tax obligations and financial regulations that affect daily operations.

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From the campaign trail to the Tax Code: Taxes under Trump

Accounting Today

Tax practitioners weigh in on what the newly elected president wants to do tax-wise, and what he'll actually be able to do tax-wise.

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Managing Cash Flow in a High-Turnover F&B Business in Singapore

Counto

Managing Cash Flow in a High-Turnover F&B Business in Singapore Managing cash flow effectively is crucial for high-turnover food and beverage (F&B) businesses in Singapore. With its competitive landscape and fast-paced nature, ensuring a steady cash flow can mean the difference between operational stability and financial strain. In this blog, we’ll explore key strategies tailored for high-turnover F&B businesses to better manage their cash flow. 1.

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Big tax changes promised in Trump administration

Accounting Today

Next year will bring a major test with the upcoming expiration of many of the provisions from the Tax Cuts and Jobs Act.

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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.