Thu.Nov 30, 2023

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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.

Auditing 309
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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.

Budgeting 234
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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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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Accountants find businesses fall short on emission reduction plans

Accounting Today

A sizable proportion of businesses have yet to produce an emissions reduction plan and have no plans to do so, even as global temperatures have reached a record high this year, according to a new report.

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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 288
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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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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 300
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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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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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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.

Tax 217
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Finding “The One:” The Ultimate Guide to Selecting Financial Software

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

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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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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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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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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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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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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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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Advisory: Change your mindset

Accounting Today

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

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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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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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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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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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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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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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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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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.