Wed.Oct 30, 2024

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Audit partners concerned about 2025 risks

Accounting Today

A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, according to a survey by the Center for Audit Quality.

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We’re ready to support you with Making Tax Digital for Income Tax

Xero

As outlined in the autumn Budget, the UK government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment, which will be mandated in April 2026. We’re pleased that this gives accountants and bookkeepers more certainty on timings as they prepare for this deadline. At Xero, we’re ready for MTD for IT and will be participating in HMRC’s public testing phase from April 2025.

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Xero awards $460K to 'Beautiful Business Fund' winners

Accounting Today

Xero announced the winners of its annual Beautiful Business Fund competition, who each received a portion of $460,000 in prize money. Four were based in the US.

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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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Intuit Connect showcases Intuit Solutions

Insightful Accountant

Intuit showcases innovation's to fuel accountant success and drive business grown by powering prosperity with AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow your business.

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FASB proposes to clarify guidance on acquirer in business combinations

Accounting Today

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.

More Trending

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Super Micro auditor EY resigns, citing 'integrity' concerns

Accounting Today

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

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Top 9 Docsumo alternatives for data extraction

Nanonets

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. About Docsumo With its AI-powered platform and pre-trained models, Docsumo aims to improve document-heavy workflows, save time, and reduce errors.

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Lovesac to pay SEC $1.5M over scheme that buried expenses

Accounting Today

The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

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What is Azure Backup Costs: A Simple Guide

Economize

Understanding Azure Backup Azure Backup service is a reliable backup and recovery solution for both your on-premise and Azure resources. It protects your critical data and prevents data loss from accidental deletions, ransomware attacks, corruption, or hardware failures.

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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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Auditors navigate a state of 'permacrisis'

Accounting Today

Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.

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What Will Replace 150-Hour Rule? | EY CPAs Fired For Taking Too Much CPE

Cloud Accounting Podcast

In this episode, Amber Setter returns to discuss the AICPA and NASBA's newly proposed competency-based pathway to CPA licensure, offering a 150-hour-rule alternative. They argue that the complexity of the plan might create more bureaucratic barriers rather than simplifying the process. There's also talk on the challenges facing the profession, including stagnant salaries and declining CPA numbers.

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Private sector added 233K jobs in October as annual pay grew

Accounting Today

Private sector employers added a robust 233,000 jobs in October as annual pay grew 4.6% year over year, payroll giant ADP reported.

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Why Hiring a Professional Tax Preparer Is Inevitable This Tax Season? 

CapActix

Tax season often brings a great deal of pressure. Many individuals and businesses find themselves buried under endless paperwork and confusing regulations. These tasks can be overwhelming, especially when trying to avoid costly errors. This is where you must consider the services of a professional tax preparer. Instead of struggling through forms and laws, you can rely on their expertise to handle everything smoothly and accurately.

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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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Let's make accounting great again

Accounting Today

Far too often, accountants get put into a box, and people assume this is a single-path career. But that is far from reality.

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Celebrating the UK winners of the Xero Beautiful Business Fund 2024

Xero

Supporting and championing small businesses is at the core of our purpose, which is why we launched the Xero Beautiful Business Fund last year. This initiative provides more than £350,000 in funding globally to our small business customers in the UK, South Africa, Australia, New Zealand, Singapore, Canada and the US. There were 28 winners overall, four in each country, who were awarded based on their 90 second video entry about how they would use the funding to support their future business goa

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Intuit rolls out new features and capacities

Accounting Today

Intuit announced new features and capacities, many of them within its QuickBooks line of products.

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Celebrating the South African winners of the Xero Beautiful Business Fund 2024

Xero

South African small businesses pack a big punch, and despite facing ongoing challenges, they are resilient, ambitious and optimistic. Supporting and celebrating these businesses is at the heart of why Xero exists, so I’m very happy to announce the South African winners of the 2024 Xero Beautiful Business Fund. Launched last year, this fund provides more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the U

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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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Bonadio to merge in Cover & Rossiter

Accounting Today

The Top 50 Firm is expanding into Delaware with its latest M&A deal.

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Introducing Xero Mentor Match: A mentoring program for industry partners

Xero

There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to evolve the role of the modern accountant.

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XSBI: Are interest rate or income tax cuts benefiting small businesses yet?

Xero

Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in the past few months, switching their focus from raising interest rates in an attempt to fight inflation, to cutting interest rates to boost growth.

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