Mon.Jun 10, 2024

article thumbnail

Supreme Court finds life insurance proceeds increase estate value

Accounting Today

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Tax 305
article thumbnail

Groceries, Gas and QuickBooks - Infalation Continues

Insightful Accountant

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

KPMG initiative helps nonprofits use AI

Accounting Today

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.

article thumbnail

Starting a YouTube Channel for Your Tax Practice: A Beginner's Guide

Insightful Accountant

As practice owners, we’re always looking for ways to generate leads and attract new clients. One effective method to achieve this is by starting a YouTube channel. Check out this beginner's guide!

Tax 59
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

How to chow down on Uncle Sam's business meal deductions

Accounting Today

Tax deductions for meals come with a 50% limit in most cases. Here's a mini guide to noshing breaks for financial advisors, tax professionals and their clients.

Tax 235
article thumbnail

10 Red Flags to Investigate When Selecting a QuickBooks Hosting Provider

Ace Cloud Hosting

QuickBooks, a popular accounting software developed by Intuit, has transformed how businesses manage their finances for decades. Its user-friendly interface and comprehensive features make it an ideal choice for businesses.

More Trending

article thumbnail

Amazon S3: Your Ultimate Guide to AWS Cloud Storage Solution

Economize

With the advancement of cloud technology, efficient and secure cloud storage solutions have become essential for both businesses and individuals, providing unparalleled access and protection to your data. Among the myriad cloud storage solutions available, Amazon Web Services’ Simple Storage Service, or Amazon S3, stands out as a leader.

article thumbnail

Tax leaders worried about election results

Accounting Today

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

article thumbnail

7 Best Payroll Software for Accountants in [2024]

Ace Cloud Hosting

In today’s fast-paced business environment, accountants wear many hats. From managing complex financials to ensuring tax compliance, they have a demanding workload. One area that can eat into their valuable.

Payroll 59
article thumbnail

CLA Global names new CEO

Accounting Today

CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the formation of the network of independent accounting and advisory firms formed in July 2022.

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

Choosing the right accounting software for your small business

Ontrack Bookkeeping

Selecting the right accounting software is a crucial decision for your small business’s financial health and accuracy. With numerous options available, this process can seem daunting, but making an informed choice is essential to streamline operations and mitigate risks such as financial fraud and regulatory non-compliance. Introduction The challenge of choosing appropriate accounting software stems from the need to balance functionality, ease of use, and cost-effectiveness.

article thumbnail

Art of Accounting: Planning is a lot more than what you think it is

Accounting Today

Stanley Goldstein's suggestions offer advice for building a successful career.

article thumbnail

10 Ways to Prepare a Cash Flow Statement Model That Actually Balances

Invoicera

Introduction You have come to the correct spot if you are looking for information on creating a cash flow statement model. A cash flow statement mimics the flow of funds into and out of your business to give you a more realistic picture of your current financial situation and the possibility of future changes. Even though cash flow statements are usually simple to understand, their capacity to convey correct information can be significantly diminished by a few common misconceptions about how the

article thumbnail

Revolutionizing Accounts Payable: The Power of Automated AI Invoice Processing

Billing Platform

As business technology evolves, artificial intelligence (AI) is poised to make significant contributions in all areas of finance. Automated AI invoice processing is transforming the way organizations manage their finances, leading to increased efficiency, accuracy, and cost savings. The use of AI and machine learning means that businesses can harness the power of technology to dramatically reduce costs, anticipate issues and automate billing and financial transactions.

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

Best Way to Track Employee PTO: Excel, Google Sheets, Software, & Payroll Service

CSI Accounting & Payroll

Small businesses need to track employees’ paid time off (PTO). Is your method the right combo of cost, effort, & legal compliance? Here are the pros and cons of using Excel, Google Sheets, payroll software, & a payroll service.

Payroll 52
article thumbnail

Web Scraping Financial Data Using Python

Nanonets

For finance teams, data is everything. Making informed decisions requires up-to-date and accurate financial information. This includes analyzing market trends, spotting investment opportunities, and conducting thorough research. Enter web scraping. Web scraping is the process of extracting data from websites. It is a powerful technique that revolutionizes data collection and analysis.

article thumbnail

Unlock Exponential Growth: How VyaPay's Partner Program Empowers You

Insightful Accountant

In the booming financial tech world, businesses seek innovative solutions to streamline payments and enhance customer experiences. Partner with VyaPay to elevate your value proposition and capitalize on this trend as a business leader.

52
article thumbnail

Olympics Advertising: Trends for the 2024 Summer Games  

AvidXchange

Sporting events are some of the most-watched worldwide, with the Super Bowl and World Cup bringing in major ad revenue for broadcasters. This year, Olympics advertising is set to break records , already up 18% from the 2020 Tokyo Olympics according to NBCUniversal , which has broadcast rights for the Summer Olympics Games. The Paris 2024 Olympics will be the first since 2018 without major impacts from the pandemic, suggesting audiences may see major changes compared to previous Games.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

article thumbnail

Why a Multi-Payment Gateway is a Game-Changer

Gaviti

If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to. One solution to this may be to implement multi-payment gateways.

article thumbnail

Trump floats tax-free tips in pitch to win Las Vegas workers

Accounting Today

Donald Trump said he'd scrap taxes on tipped earnings for hospitality workers if he wins the White House, calibrating his message for swing-state voters in Nevada as he fights back after his felony conviction.

Tax 298