2023

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IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

Tax 338
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A sneak peek into what’s next for reports in Xero

Xero

Our team hit the ground running in 2023, introducing a number of exciting features to new reports that we know you’ve been waiting for — including the addition of foreign currency to new reports. Here are some of the highlights and a sneak peek into what’s coming next. Don’t forget, the older versions of our reports will be retired on 31 July 2023. We urge you to start using new reports now , so you have plenty of time to get used to them before the older versions are retired.

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Swift Payment

Tipalti

Navigate SWIFT payments confidently with our step-by-step guide. Get ready to make fast, secure, and accurate cross-border payments using the SWIFT payment system.

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Firms look at ways to attract young people to accounting

Accounting Today

Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Could a simple licensing change increase the number of CPAs by 15%?

Blake Oliver

A University of Denver professors suggests replacing the 150-hour rule with a four-year degree and two years of work experience.

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CFOs should embrace digital transformation or risk irrelevance

Accounting Today

In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.

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More Trending

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Why Not Use Dynamics GP for Another 10 Years or So?

Fidesic blog

You may have recently heard that Microsoft Dynamics GP and Business Central on-premise will no longer be sold to new customers after 2026. In this post we will discuss the situation with GP and what is possible. We are offering information, not advice. If you need advice on your Dynamics GP future, it's a good idea to check in with your GP consultant.

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Types of Reports in QuickBooks: A Comprehensive Guide

Accounting Department

Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.

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IRS introduces business tax accounts as it targets big corporations for audits

Accounting Today

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

Tax 358
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IRS requires business to start e-filing Form 8300 in 2024

Accounting Today

The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.

Tax 354
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Book of Secrets on the Month-End Close

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IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 353
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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

Tax 351
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FASB approves crypto asset standard

Accounting Today

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like Bitcoin held by companies.

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Ohio floats plan to recruit more CPAs

Accounting Today

The Ohio Society of CPAs is working on an action plan to attract more young people to the accounting profession.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Number of accounting grads plummets further

Accounting Today

The number of students earning accounting degrees keeps falling, according to the latest figures released by the American Institute of CPAs.

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FASB approves income tax reporting standard

Accounting Today

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

Tax 350
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IRS will receive 30M more 1099-Ks

Accounting Today

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

Tax 347
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Tax Strategy: Year-end 2023 tax planning

Accounting Today

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

Tax 347
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Treasury Department releases shutdown contingency plan for IRS, with 60,000 furloughs expected

Accounting Today

About two-thirds of IRS employees would be furloughed in the event of a shutdown, which appears likely this weekend.

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Meet the 2023 Best Midsized and Large Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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Purdue sees spike in accounting enrollment

Accounting Today

Despite widespread reports of declines in accounting students, Purdue is defying the trend and seeing enrollment growing dramatically.

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IRS slashes PTIN fees

Accounting Today

The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.

Tax 345
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Corporate Transparency Act presents opportunity and risk for firms

Accounting Today

The CTA and beneficial information reporting may be a game-changer for accounting firms. Here's what you need to know.

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IRS expands features in Tax Pro Accounts

Accounting Today

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

Tax 345
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IRS use of AI in tax audits could be a game changer, but with pitfalls

Accounting Today

The Internal Revenue Service will need to tread carefully with how it uses AI amid growing questions about the reliability of the technology.

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IRS to reduce audits of EITC claimants

Accounting Today

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

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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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Accounting in 2024: The year ahead in numbers

Accounting Today

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

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Meet the 2023 Best Small Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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IRS opens PTIN renewal period for 2024

Accounting Today

The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.

Tax 340
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The 2023 Top 100 People: Fixing the pipeline problem

Accounting Today

Accounting's influencers offer their advice for solving the profession's most critical issue.

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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.