Thu.Sep 28, 2023

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The top apps for accountants for 2023

Accounting Today

Leading practitioners and accounting technology experts share their favorite tools for work and life.

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Xero Beautiful Business Fund: One week to go! Apply now

Xero

There’s just one week to go to get your applications in for the Xero Beautiful Business Fund! Applications are closing Friday, 6 October 2023 at 5:00 pm local time in your country (AEST, NZDT, BST, PDT, SAST or SGT). A huge thank you to all of those who’ve already applied, and those that have shared news of the fund through your networks. First time hearing of the Xero Beautiful Business Fund ?

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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.

Tax 347
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AccountingDepartment.com Attends EO Alchemy 2023

Accounting Department

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Nearly 1,000 millionaires haven't filed tax returns

Accounting Today

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

Tax 331
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How This Firm Primarily Grows By Word of Mouth Marketing w/Kayla Green

Jetpack Workflow

Podcast Summary In this episode of “Growing Your Firm,” host David Cristello interviews Kayla Green from Bactrian LLC. They discuss the firm’s impressive growth, which has largely been driven by word-of-mouth referrals rather than traditional digital marketing. Bactrian LLC offers a range of accounting services, payroll servicing, estate planning, and financial advising, positioning themselves as a one-stop shop for their clients.

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Increasing Productivity in Finance

MineralTree

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

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Tax Fraud Blotter: Helter skelter

Accounting Today

No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.

Tax 306
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The ERC Moratorium: What Accountants and Tax Pros Need to Know

Cloud Accounting Podcast

The recent moratorium on Employee Retention Credit (ERC) claims has big implications for accounting and tax professionals. In this episode, we break down what the ERC moratorium means and the key things you need to know as an accountant or tax preparer. We discuss how it will impact tax preparation and the diligence required to avoid invalid/fraudulent ERC claims, the bookkeeping and accounting changes to accommodate the moratorium, and the effects on audits.

Tax 72
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Maximize your firm's ROI at conferences

Accounting Today

Whether you're exhibiting or attending, here are four tips for making the most out of events.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Information About Sales Tax on Ace Cloud Services

Ace Cloud Hosting

A recent Supreme Court ruling in the US expands the scope of states to collect sales tax on goods and services purchased from out-of-state via the Internet. As a result.

Tax 59
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AICPA offers quality management practice aid

Accounting Today

The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.

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Guide to B2B Payments: A Comprehensive Overview

Nanonets

​When it comes to b2b payments, there are a lot of different options and methods out there. And with so many options available, it can be tough to know which one is right for your business. That's why we've put together this comprehensive guide to making b2b payments. We'll cover everything from the different types of b2b payment methods to how to choose the right one for your business.

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Former Deloitte deputy CEO Al Bernikow mourned

Accounting Today

After retiring from Deloitte, he became a co-founder and partner of both K2 Integrity and Kroll Bond Rating Agency.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Best Ways to Pay Contractors for Your Business

Nanonets

As a business owner, you may not be ready to take on the expense of a full-time employee. Perhaps you only need someone for a short-term project or to fill in during busy periods. Whatever the reason, if you do decide to hire an Independent Contractor, it’s important to understand that Independent Contractors often have distinct financial needs and characteristics when it comes to payments Independent contractors can require high than once a month frequency on payroll.

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Internal auditors eye top global risks

Accounting Today

Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.

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How to Make a Wire Transfer with Paypal?

Nanonets

In today's business world, more and more companies are doing business internationally. This means that they need to be able to accept payments from customers in other countries. In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries.

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Internal transparency is a critical element of business success

Accounting Today

Accounting firm CEOs sometimes struggle with the concept of transparency when they aren't compelled to do so.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. But what is EFT, exactly? EFT stands for Electronic Funds Transfer. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. One of the advantages of EFT is that it's relatively quick - payments can be processed and transferred within a few days.

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GASB proposes rules for disclosing and classifying gov't capital assets

Accounting Today

The Governmental Accounting Standards Board floated a proposal to set requirements for some types of capital assets to be disclosed separately by state and local governments for purposes of note disclosures.

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Guide to B2B Payments: A Comprehensive Overview

Nanonets

​When it comes to b2b payments, there are a lot of different options and methods out there. And with so many options available, it can be tough to know which one is right for your business. That's why we've put together this comprehensive guide to making b2b payments. We'll cover everything from the different types of b2b payment methods to how to choose the right one for your business.

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Amortized value definition

Accounting Tools

Related Courses Accounting for Investments GAAP Guidebook What is Amortized Value? Amortized value is the recorded amount of a security , adjusted for any applicable amortization of premium or discount. The premium or discount is the excess or reduced amount, respectively, that an investor pays the issuer of a security, which adjusts the effective interest rate of the security that will be earned by the investor.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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Cross-Border Payments: Challenges and Solutions

Nanonets

= Cross-border payments have become increasingly popular as businesses and individuals alike seek to capitalize on opportunities in foreign markets. Yet, these payments can be fraught with challenges, from foreign exchange risks to compliance with local regulations. In this blog, we will explore the challenges of cross-border payments and some possible solutions to mitigate those risks.

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Allowance for bad debts definition

Accounting Tools

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook What is the Allowance for Bad Debts? The allowance for bad debts is a reserve against the amount of accounts receivable that customers may not pay. When actual bad debts are recognized , they are charged against this allowance account. By using an allowance for bad debts, a business can charge off the incremental expected change in bad debts as soon as receivables are recorded.

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Best Ways to Pay Contractors for Your Business

Nanonets

As a business owner, you may not be ready to take on the expense of a full-time employee. Perhaps you only need someone for a short-term project or to fill in during busy periods. Whatever the reason, if you do decide to hire an Independent Contractor, it’s important to understand that Independent Contractors often have distinct financial needs and characteristics when it comes to payments Independent contractors can require high than once a month frequency on payroll.

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Actual cost definition

Accounting Tools

Related Courses Accounting for Inventory Budgeting Cost Accounting Fundamentals What is an Actual Cost? Actual cost is the actual expenditure made to acquire an asset , which includes the supplier -invoiced expense, plus the costs to deliver, set up, and test the asset. This is the cost of an asset when it is initially recorded in the financial statements as a fixed asset.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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How to Make a Wire Transfer with Paypal?

Nanonets

In today's business world, more and more companies are doing business internationally. This means that they need to be able to accept payments from customers in other countries. In order to do this, they need to have a way to process international payments. One of the most popular methods of processing international payments is through PayPal. PayPal allows businesses to accept payments from customers in over 190 countries.

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Accounting change definition

Accounting Tools

Related Courses Accounting Changes and Error Corrections What is an Accounting Change? An accounting change is a change in accounting principle , accounting estimate , or the reporting entity. These changes can trigger modifications in the reported profits or other financial aspects of a business. They are covered in more detail below. An accounting change may require discussion in the notes accompanying the financial statements.

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Understanding Electronic Funds Transfer (EFT)?

Nanonets

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. But what is EFT, exactly? EFT stands for Electronic Funds Transfer. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. One of the advantages of EFT is that it's relatively quick - payments can be processed and transferred within a few days.

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Average shares outstanding definition

Accounting Tools

Related Courses Accounting for Earnings per Share Public Company Accounting and Finance What is Average Shares Outstanding? The average shares outstanding concept is used to calculate earnings per share information. The average shares outstanding figure is inserted into the denominator of the earnings per share calculation, to derive the earnings per share in a reporting period.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.