Wed.Feb 21, 2024

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The 20 best states for doing business

Accounting Today

While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.

Tax 339
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Unlocking Business Insights with QuickBooks Dashboards

Accounting Department

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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IRS accelerates audits of business jet usage

Accounting Today

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

Auditing 311
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Major Changes to SALT Taxes

Insightful Accountant

Practitioners often overlook SALT law changes unless specialized, but clients expect awareness. State nexus laws are crucial in tax advisory. Even without sales tax services, SALT law changes can signal nexus impacts.

Tax 95
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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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Senate probes $40B tax shelter in private placement life insurance

Accounting Today

The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.

Tax 287
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Beyond the Bottom Line: Dignity, Respect & Netback

RevCycle

Healthcare collections often carry a negative connotation, conjuring images of aggressive tactics and strained relationships. But what if it didn’t have to be that way? At RevCycle, we believe that dignity, respect, and patient understanding are not just ethical imperatives, but also key drivers of successful collections, ultimately leading to a healthier bottom line for healthcare facilities.

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How to Become a Cloud Bookkeeper

LedgerDocs

The future of business is online, so it is no surprise that so many bookkeepers are beginning to embrace cloud technology to allow them to work online. Becoming a cloud bookkeeper is simpler than you think. Here’s a quick guide to get you started. Choose a Cloud-Based Platform: An important step in moving your operations online is familiarizing yourself with platforms like QuickBooks Online , LedgerDocs , or Xero.

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Accounting errors range from weekly to monthly

Accounting Today

A recent survey of accountants shows professionals admitting to mistakes at a rate between several per week to several per month.

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The Biggest Check You Can Write to The IRS

Cloud Accounting Podcast

Blake and David break down the IRS's $99 million paper-check limit, how states use tax credits to attract movie productions (sometimes unsuccessfully) and give their take on actor Kenan Thompson losing $1.5 million to fraud as a child. They also cover couples arguing over finances, AI answering tax questions in California, accounting rules hiding commercial real estate loan losses on bank balance sheets, and the lack of action from accounting standards boards to change these rules.

CPA 60
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Streaming a movie abroad may soon come with taxes at the border

Accounting Today

The decades-old global consensus that's allowed e-commerce and a growing tidal wave of data to cross borders without tolls is at risk of falling apart.

Tax 164
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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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2024 International ProAdvisor Awards Process Continues

Insightful Accountant

Insightful Accountant extended the deadlines for International ProAdvisor Nominations and Applications to provide extra time for ProAdvisors from around the world to participate in this first year's International ProAdvisor Awards.

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Indian regulator finds $241M accounting issue at media firm

Accounting Today

The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.

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Ignore Your Competitors (Kinda)

Future Firm

It's important to know what your competitors are up to. But let's discuss why you should focus on your own personal growth instead. The post Ignore Your Competitors (Kinda) appeared first on Future Firm.

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How Main Street CPA firms can attract buyers in 2024

Accounting Today

Acquirers are very selective because so many firms are looking for a deal.

CPA 145
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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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How to Start Your Bookkeeping Side Business

LedgerDocs

2024 is the year of side hustles, and one of the most lucrative ventures is starting a bookkeeping business. Whether you’re a seasoned accountant who is looking for the flexibility to work for yourself or you’re seeking a new income stream. Making the leap of faith into building your own business can be stressful but our step-by-step guide can help give you the information you need to launch your bookkeeping side hustle successfully Step 1: Assess Your Skills and Qualifications Before jump

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What is Cash Reconciliation?: A Complete Guide

Nanonets

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. This crucial accounting task involves verifying that the cash received from sales aligns with the transactions recorded, ensuring financial accuracy. Conducted typically at the close of a shift or business day, cash reconciliation covers not only physical currency but also checks, credit and debit card transac

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Jeff Bartsch on Becoming Thought Leaders

Insightful Accountant

Gary and Jeff Bartsch, the Founder of Story Greenlight, share valuable insights on the significance of being a "thought leader" in the accounting industry.

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Employee Expense Report 

Tipalti

Learn about the role of employee expense reports in business spend management and how to create an expense report of your own with our convenient template.

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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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Sunshower Online brings life to garden projects with NetSuite.

Insightful Accountant

SunshowerOnline, a Melbourne Australia family-owned business is using NetSuite to their customers garden projects to life.

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Ch 7: The Best Accounts Payable Software Reviews Comparison – Everything You Need to Know About AP Automation

Tipalti

Which accounts payable platforms are at the forefront of AP automation? From automated invoice processing to supplier onboarding, learn about the best AP automation solutions.

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OCR, Invoice Scanning & Automated Invoice Processing Software for QuickBooks

Nanonets

QuickBooks is the accounting software of choice for millions of users , most of these being small to medium-sized enterprises. It offers a comprehensive accounting suite that promises not just to keep the books in order but to propel businesses forward with smart financial insights. Yet, the leap from traditional bookkeeping to a streamlined, automated financial ecosystem is one that many QuickBooks users are yet to fully embrace.

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Tipalti vs Concur

Tipalti

Tipalti and Concur eliminate manual processes in the AP, expenses, invoice processing and procurement processes. But their functionality differs in many ways–learn more.

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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.

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Member Spotlight: Defining Success

NACM

Success is earned through education by providing individuals with the knowledge, skills and critical thinking abilities necessary to excel in their fields. Education opens doors to opportunities, expands perspectives and equips individuals with the tools to overcome challenges and achieve their goals. By earning a certification through NACM's six-l.

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Acumatica API

Tipalti

Learn the ins and outs of Acumatica’s API landscape, how it works, and how to set up third-party ERP integrations to maximize the efficiency of your business.

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Hunter Biden says indicted FBI informant tainted tax case

Accounting Today

The president's son's lawyers filed a flurry of motions in the federal court seeking to have the tax charges dismissed.

Tax 156
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Automated Invoice Processing Software

Tipalti

Automate your invoice processing with the help of software designed to save you time and money. Learn how invoice automation works in this in-depth guide.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!