Sat.Jul 27, 2024 - Fri.Aug 02, 2024

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The Hidden Costs of Cheap Accounting Services

Accounting Department

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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New forms, new regulations: Top changes out of the IRS

Accounting Today

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

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How Intuit transformed tax filing experiences for millions of consumers with AI/GenAI this tax season

Intuit

For years, Intuit has leveraged artificial intelligence (AI) to transform how consumers and businesses manage their finances for the better. Deploying these technologies responsibly and at scale is no easy feat. Through early investments in building an AI-driven expert platform, where AI supercharges human experts, and human experts supercharge AI , Intuit is serving customers at the cutting edge of today’s AI and data revolution.

Tax 279
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Updated migration approach to move NZ customers to new subscription plans

Xero

In June, we announced changes to Xero’s plans in Aotearoa New Zealand as part of our efforts to simplify our plan offering. The new plan line-up will launch on 12 September 2024 and bundles key features such as Xero Payroll, Xero Projects and Analytics Plus into some plans, making it easier to choose the best option for your business or clients. We’re now able to share an update on our migration approach and the timing for moving customers to new subscription plans.

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The Financial Leader's Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Unlocking Business Insights with QuickBooks Dashboards

Accounting Department

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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CBIZ to acquire Marcum in megamerger

Accounting Today

Two huge firms are coming together in a $2.3 billion cash-and-stock deal, making the combined firm what is projected to become the seventh largest accounting firm in the U.S. with approximately $2.8 billion in annual revenue.

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Shaping AI to improve the way small business owners work

Xero

Much can be said about the pros and cons of generative AI. But while we can all agree that it is widely-available and disruptive, surely we can also agree that it isn’t the first emerging technology to be available and disruptive (nor will it be the last). It’s just the one we’re focused on right now. To start to wrap your head around the possibilities of generative AI and the broader AI technology ecosystem, it’s best to start from the ground up.

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Do You Have a Migration Story to Share?

Insightful Accountant

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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OneStream debuts Next Gen Gather AI

Accounting Today

OneStream announced the rebrand of OneStream Suite to OneStream One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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The 19 Best Accounting Podcasts to Listen To

Future Firm

Looking for the best accounting podcasts on the market? Good news for you, because I've curated the 19 absolute best ones around. The post The 19 Best Accounting Podcasts to Listen To appeared first on Future Firm.

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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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Constructing a brighter future for people in poverty

Xero

“The whole point of Building Up is to connect people with barriers to employment to careers in construction,” explained Marc Soberano, founder of non-profit project Building Up. “We help people break the cycle of poverty and make a life for themselves.” Building Up was one of the 2023 recipients of funding from the Xero Beautiful Business Fund , winning the ‘Strengthening Community Connection’ for their inspiring community building work as a non-profit social contractor.

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Will there even be a 2025 Desktop Release?

Insightful Accountant

Things are looking bleak for the annual release of QuickBooks Desktop. It's August 1st, and Beta Testers are typically 'testing' RC1 (release candidate 1) for a September release date, but not this year.

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Tax Strategy: Moore results in less

Accounting Today

A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.

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Differences in Handling Consumer Debt vs. Business Debt

Enterprise Recovery

Consumer and business debt are two distinct types of debt that are handled quite differently. Consumer debt is the debt individuals incur for personal expenses, such as credit card debt, student loans, or mortgages. Business debt, however, refers to the debt incurred by businesses or organizations for various purposes, such as operational expenses, investment in assets, or expansion.

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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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How to Infuse Enthusiasm in Organizational Change

RevCycle

Change is a constant force in today’s business landscape. New technologies emerge at breakneck speed, customer expectations evolve, and market forces constantly shift. While some employees thrive on constant evolution, change can also be disruptive and demotivating for others. As a leader, it falls on you to navigate this transition and keep your team engaged and enthusiastic.

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Building Cultures That Actually Work in Accounting Firms

Insightful Accountant

In the high-pressure world of tax and accounting, where long hours and strict deadlines are the norm, building a strong organizational culture is crucial for addressing burnout and reducing turnover.

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Schumer plans vote on stalled tax extender bill in Senate

Accounting Today

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

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9 Most Beneficial ATX Tax Software Features for Firms

Ace Cloud Hosting

ATX from Wolters Kluwer is one of the most reputed tax preparations and filing software for individuals and small firms. According to a Journal of Accountancy survey, approximately 70% of.

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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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Deferred asset definition

Accounting Tools

What is a Deferred Asset? A deferred asset is an expenditure that is made in advance and has not yet been consumed. It arises from one of the following two situations: Short consumption period. Where the expenditure is made in advance, and the item purchased is expected to be consumed within a few months. This deferred asset is recorded as a prepaid expense , so it initially appears in the balance sheet as a current asset.

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App Developers - Free Feature Content Available

Insightful Accountant

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

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The 2024 Accounting Today Salary Survey: Increasing transparency

Accounting Today

Increasing starting salaries is the key to attracting young talent to the profession, but the first step is boosting salary transparency.

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Amazon ElastiCache Pricing: A Comprehensive Overview

Economize

The Importance of Caching in Modern Applications Caching is a fundamental technique in modern computing that enhances the speed and performance of applications by temporarily storing frequently accessed data in a high-speed data storage layer. This allows applications to retrieve data faster than fetching it from a slower, traditional database or external source.

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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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Capex definition

Accounting Tools

What is Capex? Capex is a contraction of the term capital expenditure , and refers to the expenditures made to add new fixed assets , replace old ones, and pay for their maintenance. The success of some businesses may depend on making large capex investments continually, to build their capacity. How Capex Varies by Industry The level of capex required to operate a business varies dramatically by industry.

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Streamlining Payroll Processes: Best Practices for Small Businesses

Less Accounting

In the intricate dance of managing a small business, few tasks are as crucial, yet often as cumbersome, as handling payroll. From calculating wages to ensuring compliance with tax regulations, payroll processes demand precision and efficiency. In the realm of small businesses, where resources may be limited, streamlining these processes becomes paramount for sustaining growth and minimizing administrative burdens.

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The 2024 Accounting Today Salary Survey

Accounting Today

What accountants are making in salary and bonuses, and other results of our inaugural compensation survey.

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The Complete Guide to AWS Cost Optimization Hub

Economize

The Need For Cloud Financial Management The transition to cloud computing allows organizations to convert fixed expenses, such as data centers and physical servers, into variable costs, paying only for the resources they consume. Benefiting from economies of scale, these variable expenses are significantly lower than traditional IT infrastructure costs.

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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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Top ProAdvisor Profiles Wanted

Insightful Accountant

If you are a Top ProAdvisor (Top 100 ProAdvisor, Top 25 Up-n-comer ProAdvisor, or Top 50 International ProAdvisor), we want to publish your profile.

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New Course: How Taxes Shape Our Economy and Lives

Blake Oliver

My latest Earmark course, " How Taxes Shape Our Economy and Lives ," features a podcast interview with Scott Hodge, President Emeritus of the Tax Foundation and author of "Taxocracy." In this course, we explore: The impact of tax policies on housing, healthcare, and education costs Historical tax policies and their relevance to current debates The economic effects of tariffs on consumer goods Unexpected tax policy outcomes Potential improvements to the tax code As accounting and tax professional

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Undocumented immigrants in US pay nearly $100B in taxes

Accounting Today

New report finds undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer.

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The Ultimate Guide to Google Cloud Functions Pricing Model

Economize

Introduction to Google Cloud Functions Pricing Structure Google Cloud Functions offers a cost-effective and scalable serverless computing solution, allowing developers to execute code in response to various events without managing servers.

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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.