Mon.Jul 03, 2023

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IRS warns of new scam involving unclaimed refunds

Accounting Today

The Internal Revenue Service is cautioning taxpayers to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking for personal info.

Tax 325
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5 Common Challenges That Financial Controllers Face

Accounting Department

Managing the accounting department is a vital task for any company. As the ultimate authority on the organization's financial affairs, the Financial Controller oversees all aspects of financial operations, from day-to-day tasks to long-term strategic planning. To excel in this role, the controller must possess exceptional skills in data analytics, team management, communication, and financial technology.

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Kraken ordered to turn over its users' information to the IRS

Accounting Today

The ruling comes amid a deepening U.S. crackdown on cryptocurrency.

Tax 264
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Accounts Payable Department

Tipalti

The accounts payable department manages a company's financial obligations to vendors and suppliers.

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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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7 reasons CAS is right for you

Accounting Today

If your ambition is to deliver premium services to your clients, the time to turn the spotlight on client advisory services is this very moment.

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Landscapers, Here's How to Get Ahead This Fall

CSI Accounting & Payroll

Whether your landscaping business specializes in lawn and tree care, garden, lighting, or landscaping construction, if it doesn't operate year-round, you're going to face an off season. Maybe you even take on snow removal work, but the weather isn't always in your favor. Your cash flow is important, and having it interrupted can be critical. How do you stay afloat if you experience an off season - or even just a slow winter season?

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Hidden Benefits of Accounting Systems Integration

Analytix Finance & Accounting

According to a Finances Online report , more organizations are now recognizing the power of accounting software in the industry. In the past few years, the adoption of cloud-based accounting technology has changed the way businesses carry out their accounting and finance management tasks. Through cloud-hosted accounting software, businesses acquire a faster and more efficient way to manage audits, tax preparation, banking, and payroll.

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Tax pros worried about impact of BEPS and ChatGPT

Accounting Today

Global tax professionals are concerned about the impact of the OECD's base erosion and profit shifting plan, as well as artificial intelligence technology.

Tax 213
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Happy 4th-of-July, 2023

Insightful Accountant

The U.S. Congress proclaimed "The Star Spangled Banner" as our National Anthem in 1931. Let us all show how "proud we are to be Americans" on this July 4th by flying the 'Star Spangled Banner' high!

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Thomson Reuters adding AI to tax software

Accounting Today

The company plans to invest $100 million per year in artificial intelligence starting next year, with plans to integrate the technology in its tax research and tax preparation systems as well as other areas.

Tax 189
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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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Why is Outsourced Accounting and Bookkeeping a Smart Choice for Small Businesses?

CapActix

To ensure growth, success, and smooth operations, accurate management of accounting and bookkeeping is necessary for any scaled business. For small businesses, this job becomes even more crucial because of compressed resources. Most small business owners choose to invest in Outsourced Accounting and Bookkeeping servi ces, small businesses often struggle in keeping up with the accounting and bookkeeping needs of the business.

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Art of Accounting: 500th column

Accounting Today

Ed Mendlowitz has reached a landmark in his weekly articles for Accounting Today.

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How To Create Custom Invoices For Your Travel And Hospitality Business With Online Invoicing Software

Invoicera

According to Statista, the global tourism sector is projected to reach a market size of around 2.29 trillion U.S. dollars by 2023, surpassing its record peak in 2019. This makes it the fastest-growing industry in the world. With such a giant industry, organizations in this niche need to have reliable invoicing systems to ensure timely payments & streamlined operations.