Thu.Nov 30, 2023

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Accountants, IRS and DOJ hunt for fraud

Accounting Today

The Internal Revenue Service is warning taxpayers to be on the lookout for charity fraud as accountants look to advise clients on how to detect and avoid fraud.

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The Benefits of Continuous Planning for Your Business

Accounting Department

As a business owner or CEO, have you ever felt frustrated when the budget you made at the beginning of the year has become irrelevant halfway through? Have you ever wished for a more flexible and agile way to manage your finances? If so, you might want to consider continuous planning.

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Audit committee disclosures increased over past decade

Accounting Today

Corporate audit committees have been providing investors with a greater number of disclosures about their activities and responsibilities over the past 10 years, but there's still room for improvement.

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Flexible Work that Works: Revolutionizing Tax and Bookkeeping Careers with Intuit

Intuit

Nina spends her weekends cheering for her kids from the sidelines. “Soccer is what we breathe around here. It’s amazing seeing your child do something that they love and enjoy,” Nina said. But she never dreamed her career would be sidelined. Just eight days into her hard-won dream job, Nina’s husband was stationed across the country, a pattern that became the norm for Nina and her family.

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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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Hong Kong firm adds the most SEC audit clients in Q3

Accounting Today

Ark Pro CPAs topped the league tables in the third quarter, with five new SEC clients, all in China.

Auditing 321
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FinCEN Set to Begin Enforcement January 1, 2024

Insightful Accountant

The Financial Crimes Enforcement Network, part of the U.S. Department of Treasury is set to begin Small Entity Compliance implementation and enforcement of provisions related to Beneficial Owners Reporting as of January 1, 2024.

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Case Study: Running the Favorite Tools in Your Practice

Insightful Accountant

Accounting now heavily relies on various applications and systems. Unfortunately, these are often different, either cloud-based, SaaS, or desktop. This poses security risks as firms lack IT support.

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Senate Democrats propose billionaire income tax

Accounting Today

A group of Senate Democrats and independents introduced legislation Thursday to curb tax breaks for billionaires.

Tax 312
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How to Improve Efficiency Across the Finance Department

MineralTree

Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. As the need to drive efficiency grows, many teams are looking to technology to digitize and automate their workflows.

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PCAOB sanctions three Chinese firms, including PwC affiliates

Accounting Today

The Public Company Accounting Oversight Board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

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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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How Sage Cloud Hosting Can Help Different Industries Thrive

Ace Cloud Hosting

In the modern business landscape, cloud hosting is an invaluable asset. It provides businesses with access to the latest technology and can streamline processes that would otherwise be time-consuming and.

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Tax Fraud Blotter: Don't touch

Accounting Today

A dim bulb; morally bankrupt; 1st to jail; and other highlights of recent tax cases.

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The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System

SSI Healthcare Rev Cycle Solutions

The Evolution of Electronic Medical Claims and Revenue Cycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenue cycle management stands out as a testament to technology’s transformative power. From handwritten claims to the digital revolution of electronic submissions, this journey has reshaped the backbone of medical billing and financial transactions in healthcare.

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Windes launches wealth management firm with Integrated Partners

Accounting Today

Windes, a Top 100 Firm, is teaming up with Integrated Partners, a financial planning and RIA firm, in a new wealth management venture.

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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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Understanding Different Software Development Models

Invoicera

Are you tired of feeling lost in the complex world of software development? With new development models emerging constantly, staying up-to-date and navigating the world of software development can be overwhelming. And with no understanding of the different agile software development models, it is challenging to determine the right approach for your specific needs.

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Mastering ESG reporting in accounting and finance departments

Accounting Today

The pressure to establish an ESG reporting framework is mounting as various regulatory bodies issue guidance.

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Purchase Orders: Definition, types & how they work

Nanonets

When a business enters into a buying or selling agreement, both businesses must ensure they are protected within that transaction. The entity that is purchasing goods or services needs some sort of guarantee that they’ll receive the items they are purchasing, and on the other side, the seller is looking for assurance that they’ll receive the payment from the buyer.

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SCOTUS casts doubt on SEC's use of in-house judges

Accounting Today

The case involves a former hedge fund manager whom the SEC accused of misleading investors.

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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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A Second Look at Forwardly B2B Payment Solution

Insightful Accountant

Forwardly is a cutting-edge business-to-business payment solution that gets you paid at least 3 days faster regardless of bank hours, weekends or holidays.

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Advisory: Change your mindset

Accounting Today

Building an advisory practice at an accounting firms requires accountants to think differently.

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Top 10 Federal Tax Implications of Rescheduling Cannabis as a Schedule III Drug

Insightful Accountant

On August 29, the Department of Health & Human Services urged the DEA to reclassify cannabis from Schedule I to Schedule III.

Tax 52
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Berkshire says billionaire Haslam promised illicit payments to juice Pilot's profit

Accounting Today

The filing is the latest twist in an intensifying legal back-and-forth between the billionaires, including allegations over the accounting.

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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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BREAKING NEWS: QuickBooks Desktop Product Changes

Insightful Accountant

Intuit will no longer sell new subscriptions of QuickBooks Desktop Pro or Premier Plus, QuickBooks Desktop Mac Plus, or QuickBooks Desktop Enhanced Payroll as of July 31, 2024.

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Tax Considerations for Different Business Structures: Sole Proprietorship, Partnership, Corporation, and More

Analytix Finance & Accounting

The business structure of an organization determines tax implications and can impact how profitable or scalable the entity may be. Understanding the different business structures helps any organization manage its finances. Some of the parameters that can influence tax obligations, depending on business structure include: Number of people making up business staff, part-time workers, temporary employees, etc.

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Transforming with Accounts Payable Best Practices to Improve Performance

Nanonets

Companies that establish accounts payable best practices increase the visibility of information, reduce their invoice processing time, save money, strengthen internal controls and cash flow management, reduce fraud and errors, and improve vendor relationships. Accounts payable best practices are a subset of accounting best practices. Businesses using best practices in accounts payable processes and accounting gain a substantial competitive advantage.

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A Complete Leave Management Guide

Nanonets

Leave management, a vital facet of human resources, involves administering employee time-off requests, ensuring compliance with laws and balancing business operations. This process encompasses managing various types of leaves, such as vacation, sick, parental, and public holidays. In the modern workplace, effective leave management is crucial. Well-managed leave policies can enhance employee engagement and productivity, prevent revenue leakage, and maintain high levels of employee satisfaction.

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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.