Sat.Jul 06, 2024 - Fri.Jul 12, 2024

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IRS fights misleading social media claims

Accounting Today

The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.

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Investing in our future

Intuit

Intuit CEO Sasan Goodarzi sent the following note to Intuit employees today: Hi team, As I’ve shared many times, the era of AI is one of the most significant technology shifts of our lifetime. This is truly an extraordinary time – AI is igniting global innovation at an incredible pace, transforming every industry and company in ways that were unimaginable just a few years ago.

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The Xero Beautiful Business Fund is back for 2024

Xero

We’re thrilled to announce the return of the Xero Beautiful Business Fund for 2024. With a prize pool of over NZ$750,000, the Xero Beautiful Business Fund is back to support small businesses and non-profits in seven countries with their growth plans and help drive future success. Small businesses are driven by dedicated and passionate individuals who work hard to contribute to their communities and their local economies.

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Mastering Financial Success for Your SMB

Accounting Department

Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Ryan lawsuit halts noncompete rule

Accounting Today

A federal court issued a stay and a preliminary injunction against the Federal Trade Commission's non-compete rule after a lawsuit by the Ryan, a Dallas-based tax services firm, and the U.S. Chamber of Commerce.

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Day 2 Keynote at FinOps X 2024

FinOps Foundation

Key Insight: The 2024 Day 2 Keynotes brought something brand new to FinOps X: feature announcements from the three largest clouds. Google Cloud, Microsoft, and AWS all announced support for FOCUS 1.0 with native billing exports, and revealed a number of important enhancements for FinOps Practitioners. Also on Day 2, American Express shared challenges they face on their FinOps journey, and Mike Fuller, CTO at the FinOps Foundation, discussed key considerations around FinOps tooling and services.

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More Trending

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Mastering Your Cash Flow Analysis for Financial Success

Accounting Department

Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.

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Deadline for MP Elite 2024 submissions extended for final time

Accounting Today

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 15.

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5 Payments Fraud Trends to Watch in 2024

Fidesic blog

Payments fraud increased in 2023 for the first time since we started watching and sharing results from the annual AFP Payments Fraud and Control Survey Report.

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AI and Accounts Payable: Transforming Financial Operations

Compleatable

In the fast-evolving world of finance, innovation is the key to staying ahead. One area that has seen significant advancements is Accounts Payable (AP), with Artificial Intelligence (AI) leading the charge. AI is not just a buzzword; it is revolutionizing how businesses manage their financial processes, bringing efficiency, accuracy, and cost savings to AP departments worldwide.

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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5 Reasons Your Business Needs a QuickBooks ProAdvisor

Ace Cloud Hosting

Navigating through QuickBooks and its extensive capabilities can be overwhelming, particularly for those without an accounting background. This is where a QuickBooks ProAdvisor comes in! A QuickBooks ProAdvisor is an.

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FASB completes conceptual framework

Accounting Today

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

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App Aware: MyWorks

Insightful Accountant

MyWorks is an eCommerce integration app that can connect QuickBooks Online, QuickBooks Desktop, and Xero with WooCommerce and Shopify. Murph would like to make you 'App' aware of this highly functional tool if you're looking for an eCommerce app.

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Hiring Update: July 2024 | Advisory, Hybrid, and Hiring Turnover

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Advisory, Hybrid, and Hiring Turnover. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Swiping Right On Advisory; The Harder Way to Hire Hybrid, Culture Fit is Hard Everyone Loves Advisory More and more Accountingfly clients are looking to hire “financial whisperers”–candidates who provide meaningful business advisory services to firm cl

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Mapping the best finops stack for your business

Plooto

Financial technology (fintech) makes it easier for businesses to do everything from issuing invoices and processing payments to managing expenses and making payroll. These solutions are the behind-the-scenes tools that quite literally allow businesses to send and receive money.

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Intuit plans to replace 1,800 employees

Accounting Today

The laid-off workers will be replaced by specialists in engineering, product, and customer-facing roles as part of Intuit's larger AI plans.

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Are You Ready for July 31, 2024?

Insightful Accountant

Do you realize that July 31, 2024, is only 21 days away when Intuit will stop selling QuickBooks Pro and Premier to new subscribers? "What are you prepared to do?

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Capital expenditure budget definition

Accounting Tools

What is the Capital Expenditure Budget? A capital expenditure budget is a formal plan that states the amounts and timing of fixed asset purchases by an organization. This budget is part of the annual budget used by a firm, which is intended to organize activities for the upcoming year. Capital expenditures can involve a wide array of expenditures , including upgrades to existing assets, the construction of new facilities, and equipment required for new hires.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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How to calculate the ROI of AP Automation 

Cevinio

Understand the significant cost benefits, enhanced compliance, and improved productivity that AP Automation offers.

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IRS collects $1B from millionaires

Accounting Today

The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.

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Did Chevron Just Eliminate Cannabis Rescheduling?

Insightful Accountant

The recent Supreme Court decision overturning the Chevron doctrine has sent shockwaves through the regulatory landscape, with potentially significant ramifications for the cannabis industry.

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Cost of labor definition

Accounting Tools

What is the Cost of Labor? The cost of labor is the salaries and wages paid to employees , plus related payroll taxes and benefits. The term may also relate to a specific time period or a job (if the employer is using a job costing system to track costs). The cost of labor may be subdivided into the cost of labor related to the production of goods (known as the cost of direct labor ) and the cost of labor related to all other activities (known as the cost of indirect labor ).

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3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

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How to Extract Key-Value Pairs Using Deep Learning

Nanonets

This tutorial blog examines some of the use cases of key-value pair extractions, the traditional and current approaches to solving the task, and a sample implementation with code. You encounter KVPs more often than you might realize. Remember the last time you flipped through a dictionary? Each word (the key) is paired with its definition (the value).

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Rich people freeze themselves, and fortunes, for future revival

Accounting Today

Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.

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About the 2025 ProAdvisor Awards Nomination Form

Insightful Accountant

In this third article of Murph's miniseries on the 2025 ProAdvisor Awards forms, he examines the new Nomination Form and gives some quick tips on its use.

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Derivative accounting

Accounting Tools

What is the Accounting for Derivatives? A derivative is a financial instrument whose value changes in relation to changes in a variable, such as an interest rate , commodity price, credit rating , or foreign exchange rate. There are two key concepts in the accounting for derivatives. The first is that ongoing changes in the fair value of derivatives not used in hedging arrangements are generally recognized in earnings at once.

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Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

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50 ChatGPT Prompts for CPAs and Accountants

Ace Cloud Hosting

In today’s fast-changing financial environment, accountants and CPAs are constantly seeking ways to improve efficiency, enhance client relationships, and stay ahead of regulatory changes. According to myCPE, 49% of accounting.

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Dean Dorton acquires SaaS solutions provider

Accounting Today

The acquisition will expand the Top 100 Firm's portfolio of specialized accounting software and ERP solutions, particularly in the manufacturing and distribution sectors.

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Automate Your I-9 Process with QuickBooks Workforce

Insightful Accountant

Murph takes you through the steps of automating I-9 compliance using QuickBooks Workforce coupled with QuickBooks Premium or Elite.

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The purpose of the balance sheet

Accounting Tools

What is a Balance Sheet? A balance sheet lays out the ending balances in a company's asset , liability , and equity accounts as of the date stated on the report. As such, it provides a picture of what a business owns and owes, as well as how much as been invested in it. The balance sheet is commonly used for a great deal of financial analysis of a business' performance.

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!