Mon.Mar 18, 2024

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Deloitte revamps structure to cut costs in tough market

Accounting Today

Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times.

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How Xero can support you with Basis Period Reform

Xero

In Xero we’ve improved how you adjust your financial year-end settings. To see the latest changes check out this article – setting up your organisation’s financial settings. The start date for Basis Period Reform is fast approaching. From April 2024, your sole trader and partnership clients will need to follow a tax year basis for Income Tax as part of HMRC’s Basis Period Reform.

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Court stays SEC climate rule

Accounting Today

A federal court has temporarily halted the Securities and Exchange Commission's climate-related disclosure rule in response to a lawsuit from a pair of fracking companies.

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Can Tax Practices Really Implement a 4-Day Week

Insightful Accountant

Implementing a four-day workweek can boost productivity by 77%, improve work-life balance, reduce absenteeism, and save costs. However, it requires careful planning and execution, which may seem daunting in busy accounting and tax practices.

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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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Building a more attractive profession 

Accounting Today

Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.

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2024 Domestic ProAdvisor Awards Voting Underway

Insightful Accountant

Voting is still open for the 2024 Domestic (US & its Territories) ProAdvisor Awards and will continue through April 2, 2024.

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Earmark Media Presents: Federal Tax Updates - Corporate Transparency Act Ruled Unconstitutional

Cloud Accounting Podcast

Here's a preview of Blake's recent appearance on Federal Tax Updates, where he joined host Roger Harris to unpack some of the biggest tax stories making headlines, from a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. To hear the complete discussion, visit Federal Tax Updates: [link] Need CPE?

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HOA fees are pricey and prevalent — but tax planning can help some clients

Accounting Today

Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.

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Working, Features, and Pricing Tiers of Azure CDN

Economize

In today’s digital age, where speed and accessibility are the prime factors of website performance, content delivery plays a crucial role in ensuring optimal user experiences. Azure CDN is a dynamic content delivery network (CDN) with a distributed network of servers, which helps you elevate your content delivery strategy.

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Fallen tech star Lynch in fight to avoid prison for fraud

Accounting Today

It would cap a remarkable downfall for Mike Lynch if he's convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.

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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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Email Security – How Accountants Can Safeguard Themselves? 

Ace Cloud Hosting

Managing extensive financial data and connecting through email communications? Beware, as you may be a prime target for cyberattacks. Email is the primary mode of communication in this digital business.

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Why the profession needs to say no to NOCLAR

Accounting Today

PICPA believes the PCAOB's Non-Compliance with Laws and Regulations proposal is disconnected from the realities of the auditing profession and will impose undue strain on an already thinly stretched workforce of CPAs.

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11 Cybersecurity Tips & Best Practices You Must Follow in 2024

Ace Cloud Hosting

Cybercrimes increased by nearly 300% following the covid-19 pandemic. 43% of all cyberattacks target small businesses. 60% of all enterprises which fall victim to cyberattacks go out of business within.

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Art of Accounting: Succession planning exit strategy

Accounting Today

There's an inherent conflict between wanting the best deal when you exit and wanting the best arrangement during the time you are working.

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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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Email Security – How Accountants Can Safeguard Themselves? 

Ace Cloud Hosting

Managing extensive financial data and connecting through email communications? Beware, as you may be a prime target for cyberattacks. Email is the primary mode of communication in this digital business.

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California weighs new taxes to bail out Bay Area's struggling transit budget

Accounting Today

Transit operators in San Francisco's Bay Area are facing massive budget shortfalls as ridership lingers well below its prepandemic levels.

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Accountants and QuickBooks Live: Collaborating for Client Success

Blake Oliver

As an accountant, you may have questions or concerns about QuickBooks Live and how it impacts your practice. In this discussion, I speak with Itai Jeczmien, VP of Product at Intuit, about the evolution of QuickBooks Live and how it can complement the work of accounting professionals. By working together, accountants and QuickBooks Live can provide comprehensive support to small business clients.

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Bloomberg officially launches Tax Workpapers solution

Accounting Today

Bloomberg Tax and Accounting released Bloomberg Tax Workpapers, which focuses on data, controls and calculations for tax preparation.

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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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It's Not Too Late - 2024 International ProAdvisor Applications Remain Open

Insightful Accountant

International ProAdvisors from around the world can still 'self-nominate/apply' to participate in this first year's International ProAdvisor Awards. This year's process remains open through March 31, 2024.

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Vendor Risk Management

Tipalti

From HIPAA data leaks to cyberattacks, learn how to better protect your business with vendor risk management in our in-depth article that offers vendor management best practices.

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Supplier Relationship Management

Tipalti

Supplier Relationship Management is crucial for modern finance. Learn how an SRM platform helps manage supplier payments, reduce costs, and enhance partnerships.

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Track Invoices

Tipalti

Effortlessly manage business finances by optimizing your processes to track invoices. Learn how tools such as AP automation can enhance your invoice management.

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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.