Tue.May 28, 2024

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GASB guidance aims to improve government financial reporting

Accounting Today

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

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4 ways Intuit helped me start a successful tax career

Intuit

As a Seasonal Tax Prep Associate for Intuit, I work remotely from my home in Kansas helping customers all over the country. Spoiler alert: I love it! I’m Fatimah. If you want to transition from a bookkeeping position to a tax career like I did, keep scrolling and I’ll share the 4 ways Intuit makes it easy for you to do it. How did my career journey bring me to this great company?

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Intuit's TurboTax lost 1M users this tax season

Accounting Today

Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.

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I was ready to up my tax game–that’s why I joined Intuit

Intuit

I’m Michael, a Seasonal TurboTax Live Expert and a full-time owner of a financial services practice. At Intuit, I can create a personalized career path, work the hours I want, supplement my income, and still have time to expand my own business. If you have a bookkeeping background and want to develop the skills needed to have a more lucrative future, I can share with you the advantages of building a tax career with Intuit.

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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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Hillary Salo named as FASB vice chair

Accounting Today

The Financial Accounting Foundation announced Hillary Salo as the next vice chair of the Financial Accounting Standards Board.

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We're Off To The Races with the 2024 ADC Summer Challenge!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 13th annual ADC Summer Challenge.

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Intuit QuickBooks Offers New Small Business Grants

Insightful Accountant

New Small Business Grants available from Intuit QuickBooks will unlock $200,000 in funding for small businesses.

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IRS update: Boosting alternative dispute resolution, and more

Accounting Today

The decline in taxpayers taking advantage of the ADR process was a major topic at a recent IRS meeting.

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Amazon EBS GP2 vs GP3 – Comparing Cost & Performance

Economize

Amazon Elastic Block Store (Amazon EBS) is one of the core storage services in AWS, along with Amazon Simple Storage Service (Amazon S3) and Amazon Elastic File System (Amazon EFS). EBS provides extra block-level storage for your EC2 instances, with each storage unit called an EBS volume.

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Excluding capital gains of $10M — or more — from taxes with QSBS

Accounting Today

Qualified small business stock carries major potential savings for startup founders and investors, but the benefits come with some important caveats to keep in mind.

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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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Offshore Accounting: Everything You Need to Know

Future Firm

Dive into the world of offshore accounting: Discover benefits, challenges, and best practices in this comprehensive guide. The post Offshore Accounting: Everything You Need to Know appeared first on Future Firm.

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KPMG agrees to merge U.K. and Swiss operations

Accounting Today

The new firm will be led by KPMG's U.K. CEO, Jon Holt, while Stefan Pfister, currently the boss of the Swiss arm, will become deputy CEO.

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Sage Intacct Unveils New Updates

Insightful Accountant

Sage Intacct has unveiled several new updates designed to advance productivity and control for SMBs. These new features streamline operations from AI-powered Timesheets to Advanced Financial Controls, ensuring smoother workflows and compliance.

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Connected Leaders: Cultivating deeper bonds for team success

Accounting Today

Taking a different approach to leadership, management and community can yield tremendous results.

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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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May 29, Organized Record Keeping Systems For Home Based Offices

Bookkeeping Essentials

A series of chats about record keeping systems to get and stay organized so you can get rid of those drawers of stashed receipts? Simple choices and guidelines to eliminate stress and panic.

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Yellen says U.S. isn't ready to sign global tax agreement

Accounting Today

About 140 countries signed on to the outline of a groundbreaking pact in 2021 to reform the way large multinational companies are taxed.

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Accounts Receivable Automation

oAppsNet

In the contemporary business landscape, where efficiency and accuracy are paramount, automating Accounts Receivable Automation (AR) processes stands out as a transformative strategy. AR automation involves using technology to manage and streamline the collection of payments from customers, minimizing manual intervention and maximizing efficiency. This approach accelerates cash flow, enhances customer satisfaction, reduces errors, and provides valuable insights into financial operations.

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Accountants on the front lines of CSRD preparedness

Accounting Today

Day to day, accountants are already involved in everything from improving energy efficiency to waste management, recycling and digital solutions.

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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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Testimony on The Merits Of Outsourcing Your Bookkeeping

Remote Quality Bookkeeping

When it comes to calculating sales tax in the state of New York, the former website Taxrates.com spelled it out bluntly and without pulling any punches: New York sales tax has numerous local taxing levels that must be monitored and maintained on a regular basis. It is complex and time consuming due to the volume of jurisdictions. As a comparison, Connecticut has a single, state-wide sales tax rate, with no additional county or city sales taxes being imposed.

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In the blogs: Something fishy 

Accounting Today

Debate over the Tax Cuts and Jobs Act; assessing last season; Etsy and sales tax; and other highlights from our favorite tax bloggers.

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Full Charge Bookkeeping vs Bookkeeping: Which is Best for your Company?

Remote Quality Bookkeeping

When it comes to a bookkeeper vs full charge bookkeeper, who is the better for your business? Company owners everywhere deal with countless struggles involving their business, from the various employees they hire and deal with to the tracking and managing of their budget so that way their business doesn’t go under. The management of money is always especially important, because no matter what type of business you own, you want to be able to keep track of all money to pay expenses, expand profits

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Chiropractic Business Outsourced Bookkeeping to Save Time and Focus on Growth. Why Virtual Bookkeeping Works.

Remote Quality Bookkeeping

One of the many ongoing challenges for business owners is making sure the books are balanced. Within the chiropractic industry, that element of running a practice can be a particular pain point. In a blog entry on Chiroeco.com, an online resource for the chiropractic community, Drew Stevens identified three prime areas – independent of the medical component – to which chiropractors must remain attentive in order to stay afloat.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng