Wed.Jan 31, 2024

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House passes bill expanding Child Tax Credit and business breaks

Accounting Today

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

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Simplified and Automated Cloud-Based Tax Calculations with AvaTax

Accounting Department

AvaTax by Avalara is a groundbreaking solution that revolutionizes the way businesses handle tax calculations. This cutting-edge cloud-based software simplifies the complexity of tax calculations, ensuring accuracy and efficiency every step of the way.

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Problems found in new IRS online 1099 portal

Accounting Today

The Internal Revenue Service has been working to resolve a problem that was preventing businesses and tax professionals from using a new online portal where they could file their 1099 forms for free.

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On-demand webinar Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders

Cevinio

Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders Join us for an insightful exploration into designing future-proof purchase-to-pay operations with our special guest, Alpar Toth, currently GBS Leader at Pandora. In this session, we delve into what it takes to build a robust P2P function that ensures the success of its operations today and tomorrow.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Reshaping the pyramid

Accounting Today

The accounting profession is in the midst of a vast experiment with a host of new ways to structure how firms are owned and managed.

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Buying Out Partners, Implementing Workflow, and Referral Systems to 2X Growth

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello interviews Jennifer Ryan, the owner of Bookkeeping Direct. Jenny shares her journey from initially joining the firm as a contractor to eventually buying the business in 2016. She highlights the company’s impressive growth of 140% in the past year and discusses how the firm expanded its staff to four members.

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10 IRS Red Flags

Insightful Accountant

Audits are unpredictable, with some being random and others based on income, entity structure, or common errors. To minimize audit risk and save time, handle 10 red flags cautiously.

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Fujitsu promises better quality control after UK post office scandal

Accounting Today

The Tokyo-based technology company is the subject of an inquiry into a glitch in its Horizon accounting software that led to the wrongful accusations of theft, fraud or false accounting of sub-postmasters.

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IRS to offer an Employee Retention Credit Webinar on Feb. 8

Insightful Accountant

As part of an ongoing process to educate and inform people about the Employee Retention Credit (ERC), the Internal Revenue Service will host a free ERC Voluntary Disclosure Program webinar on Thursday, Feb. 8 at 2 p.m. EST.

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IRS collection notices are coming back

Accounting Today

Tax pros and taxpayers should be aware that the IRS is restarting its 'collection notice stream.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Meet 2023 Top 25 Up-N-Coming ProAdvisor Jennie Morris

Insightful Accountant

We sat down with Jennie to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, her path to success, and her hands-on approach to her clients.

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The 'Call Your Mom' strategy for CPA firm communication

Accounting Today

Seek feedback from someone outside your professional circle who isn't mired in industry jargon.

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ADP® Assist with Generative AI Features Makes HCM Decisions Easy, Smart and Human

Insightful Accountant

Comprehensive AI solution transforms ADP's vast work data into actionable insights

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Private sector added 107K jobs in January

Accounting Today

Private sector employers added 107,000 jobs in January as annual pay grew 5.2% on a year-over-year basis, payroll giant ADP reported.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Ep. 250: Yerbol Orynbayev - Lessons in Crisis Management and Restructuring

IMA's Count Me

Welcome to the Count Me In Podcast! Join host Adam Larson as he chats with the insightful Yerbol Orynbayev , a seasoned leader with a wealth of experience in both the public and private sectors. Yerbol shares compelling stories and lessons from his remarkable career, including his tenure as the deputy prime minister of Kazakhstan and his pivotal role in restructuring a major bank.

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The firm structures of the future

Accounting Today

A glossary of all the new or newly popular ways accountants are organizing their practices.

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What is Month End Reconciliation? Guide & Best Practices

Nanonets

Month-end close is a widely accepted accounting standard that is aimed at keeping an accurate set of financial records and detecting errors/fraud. It involves recording, reviewing, and reconciling records at the end of every month. Month-end reconciliation is the most important part of the month-end close process. It’s a crucial step to ensure that you prepare an accurate set of statements for financial reporting, planning, and tax compliance.

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Small businesses see wage growth start to stagnate

Accounting Today

Hourly earnings growth for employees is slowing, even as job growth continues, according to a new report from Paychex.

Payroll 177
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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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The 1 Business System That Maintains My Sanity

Future Firm

Learn my journey of implementing a system in my business that shifted me to a much more relaxed and stress-free mindset. The post The 1 Business System That Maintains My Sanity appeared first on Future Firm.

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BooXkeeping works to expand franchises across country

Accounting Today

The Las Vegas-based franchising company that works with other franchises is extending its reach nationwide.

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Enhanced Spending Control and Visibility with Spenmo

Spenmo

Despite the clear advantages of automation in terms of financial savings and operational efficiency, many finance functions still need to catch up and adapt. Finance teams spend much time manually sifting through journal entries, invoices, and other documentation to identify and correct errors. According to a report by the Institute of Financial Operations & Leadership , 56% of accounts payable teams spend over 10 hours processing invoices weekly, and an alarming 82% still manually enter inv

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M&A watch: NDH and Magone expand

Accounting Today

NDH Advisors merges in Jain & Jain; and Magone & Co. plans to add Wurdemann, Pinto & Co.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Time Management and Productivity Techniques to Maximize Efficiency

Insightful Accountant

On average, employees spend around 2 hours and 53 minutes being productive out of an eight-hour workday. By implementing effective techniques, you can reclaim the 69% of the day that would otherwise be wasted.

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Armanino releases SOC 2 exam tool

Accounting Today

Top 25 firm Armanino released Audit Ally, a SOC 2 examination tool.

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Top 5 Accounting Insiders Podcasts

Insightful Accountant

We have looked at the stats and here's the list of our top 5 most popular podcasts of all time. If you have not listened to them, grab a cup of coffee and take a break!

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Member Spotlight: Fostering Personal and Professional Growth

NACM

Continuous learning is indispensable for credit professionals, serving as the cornerstone for their professional success and organizational effectiveness. By earning designations through NACM's six-level Professional Certification Program, credit professionals gain the necessary knowledge and skills required to advance in their career. Beyond mere.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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House Speaker Johnson to allow vote on business, child tax breaks

Accounting Today

Speaker Mike Johnson will allow a vote on a $78 billion business and child tax break bill, siding with corporations over a group of Republicans who objected to the package negotiated with Senate Democrats.

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