Wed.Oct 04, 2023

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IRS slashes PTIN fees

Accounting Today

The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.

Tax 345
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Small Business Insights from the Intuit QuickBooks Small Business Index Annual Report 2023

Intuit

Table of Contents Overview Key findings Overview Small businesses play a pivotal role in the global economy as engines of innovation and job creation. Despite their critical importance, the insights needed to fully understand the health and challenges of small businesses have been in short supply. Until now. This year marks the inaugural release of the Intuit QuickBooks Small Business Index Annual Report.

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Accounting and tax needs to address ransomware costs

Accounting Today

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

Tax 334
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Streamlining Talent Acquisition for Small CPA & Bookkeeping Firms: Includes Checklist

The Successful Bookkeeper

For small CPA and bookkeeping firms with fewer than five employees, the decision to outsource can be transformative. It offers access to specialised skills, cost savings, and scalability during peak seasons. However, a significant concern that often lingers is, "How can I quickly onboard the right Outsource resources?". In this article, we will explore the crucial aspect of effective onboarding and integration of Outsource accounting professionals, emphasising the need for a swift and seamless p

CPA 105
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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.

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Where the bad tax pros go

Accounting Today

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

Tax 331
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Intuit Releases QuickBooks Small Business Index for September 2023

Insightful Accountant

Based on the most recent Intuit QuickBooks Small Business Index, small businesses with one to nine employees in the US created 16,00 jobs in September, an increase of only 0.1325% over August.

More Trending

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Understanding ASC 606 Revenue Recognition?

Billing Platform

A generally accepted accounting principle (GAAP), ASC 606 revenue recognition identifies the specific conditions in which revenue can be recognized and provides a framework for how companies need to account for revenue received. Essentially, the revenue recognition principle states that revenue can only be recognized once it has been earned – not necessarily when payment is received.

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Bonadio Group to merge in Howard LLP

Accounting Today

The Top 50 Firm is expanding its presence in Texas by adding a firm based in Dallas.

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Straight Talk on Accounting's Big Issues with Dr. Sharon Lassar

Cloud Accounting Podcast

Sharon Lassar, Ph.D., CPA, and Director of the School of Accountancy at the University of Denver, shares concerns and perspectives on CPA licensure, including the resistance to changing the 150-hour requirement, the challenges of online learning and potential cheating, the impact on the value of the CPA designation, and the need for leadership and action from organizations like the AICPA and NASBA to address these issues and improve the profession.

CPA 92
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Private sector adds 89K jobs as hiring and wage growth slow

Accounting Today

Annual pay grew 5.9% year over year, as both job growth and wage growth slackened in September.

Payroll 317
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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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How to Measure the Best KPIs for Your Small Business

CSI Accounting & Payroll

When you run a small business, there are tons of numbers involved. A lot of owners are focused on the basics like sales and expenses, and they trust their accountant to handle their statements. However, while an annual tax accountant can give you a reflection of your last year, you might not have a deeper understanding of what each line on your financial statements means.

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Inflation Reduction Act lets investors transfer clean energy tax credits

Accounting Today

The IRA is providing mechanisms for transferring tax credits for clean energy projects, incentivizing developers and investors to get involved, along with their tax advisors.

Tax 204
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Purchases journal definition

Accounting Tools

Related Courses How to Audit Procurement Purchasing Guidebook What is a Purchases Journal? A purchases journal is a subsidiary-level journal in which is stored information about purchasing transactions. This journal is most commonly found in a manual accounting system , where it is necessary to keep high-volume purchasing transactions from overwhelming the general ledger.

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Vendor Spotlight: Bitwave

Accounting Today

In this Vendor Spotlight, we catch up with Bitwave co-founder and CEO Patrick White.

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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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Profitability definition

Accounting Tools

Related Courses The Interpretation of Financial Statements What is Profitability? Profitability is a situation in which an entity is generating a profit. Profitability arises when the aggregate amount of revenue is greater than the aggregate amount of expenses in a reporting period. If an entity is recording its business transactions under the accrual basis of accounting , it is quite possible that the profitability condition will not be matched by the cash flows generated by the organization, s

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Dignity & Respect: What they mean & why they matter

RevCycle

Dignity and respect are two important concepts that are often confused with each other. However, there is a subtle but important difference between the two. Dignity is the inherent worth and value of a person. It is something that we all have, regardless of our circumstances or actions. Dignity is not something that can be earned or taken away. Respect is the act of showing esteem or deference for someone.

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An Alternative To Advisory: Collaborative Accounting

Earmark Accounting Podcast

Blake is joined by Twyla Verhelst, Head of Accountant Channel at FreshBooks, to discuss a groundbreaking concept in advisory known as "Collaborative Accounting." This innovative approach aims to enhance collaboration between accountants and clients by providing a platform for efficient financial management. They delve into various aspects of this new approach, including FreshBooks' certification program, dedicated support for accounting partners, and a community for accountants to exchange best

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Unlock 5-Minute ETL: GCP Dataflow & Apache Beam Tutorial

Economize

What is an ETL pipeline? Before we dive into building pipelines with GCP Dataflow and Apache Beam, let’s understand what an ETL pipeline actually is. ETL, which stands for Extract, Transform, Load, serves as the backbone for data-driven decisions in modern enterprises.

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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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Balancing Automation and Personal Touch in AI-Driven Accounting

Dext

As we automate more processes for efficiency, there’s a looming threat of eroding the personal connections that truly enrich client relationships. It’s a valid concern, but let’s clear the air — it doesn’t have to be an either-or scenario. Yes, you can have your cake and eat it too.

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ERP vs. CRM

Tipalti

What’s the difference between ERP and CRM and which fits your business needs? Learn how to evaluate the similarities and differences between ERPs and CRMs.

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Relay Launches Small Business Contest with $100,000 in Cash Prizes

Insightful Accountant

The business banking platform’s contest celebrates and rewards business owners for their resilience, impact and commitment to building lasting, profitable businesses. Details inside.

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Multi-Entity Accounting Software

Tipalti

Organizations with multiple locations or business units face unique accounting challenges. Review our lineup of the top-rated multi-entity accounting software solutions for 2023.

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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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The Boundaries to Set Up in Your Firm

Future Firm

Many busy firm owners exhibit a lack of established boundaries. In such instances, clients tend to exert significant influence and negatively impact various aspects of their operations. In this episode, I shared the boundaries you need to implement in your firm for you to be in control. Listen Below. 0:51 – Recently, a coaching client with a rapidly growing firm shared his problem.

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CloudZero Launches Automated Savings Insights, Helping Engineers Prioritize Cost Efficiency

CloudZero

New automated insights compare cloud spend to rigorous standards of normalcy, giving engineers a simple optimization workflow.

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Top 7 Outsourced Accounting Companies for CPA Firms to Boost Efficiency and Productivity

CapActix

Introduction In today’s increasingly interconnected world, businesses are navigating a landscape of heightened complexity. Within this context, accounting stands out as a pivotal element for achieving business success. Particularly, Certified Public Accountant (CPA) firms are witnessing a surge in demand. In response to this escalating demand, numerous CPA firms are adopting the practice of accounting outsourcing services as a strategic means to maintain competitiveness and facilitate expa

CPA 52
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Recap of the AWS re:Invent 2022 Conference: Key Highlights and Takeaways

finout

Recapping the key insights from AWS re:Invent 2022 and gearing up for the 2023 edition in Las Vegas, set for Nov 27-Dec 1.

FinOps 52
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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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ChatGPT for bookkeepers how to become a marketing machine in 3 steps

5 Minute Bookkeeping

In today’s fast-paced digital world, bookkeepers face various challenges when it comes to marketing their services and effectively. Traditional marketing approaches can be time consuming and expensive , leaving bookkeepers searching for other solutions. One marketing solution I use and highly recommend? ChatGPT , an artificial intelligence chatbot. Today, I’ll go over ChatGPT for bookkeepers and how to become a marketing machine in 3 steps.

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Cloud Rate Optimization: A Critical Imperative for FinOps and DevOps Professionals

finout

? Explore the topic of cloud rate optimization, exploring its importance for businesses, and insights into the most effective implementation strategies.

FinOps 52
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Telephone expense definition

Accounting Tools

Related Courses Bookkeeping Guidebook Telephone expense is the cost associated with all land lines, fax lines, and cell phones during a usage period. If a cost is incurred in advance, then it is initially recorded as a prepaid expense , and later recognized as telephone expense in the period in which the service is actually used. This cost is usually stored in a separate general ledger account that may be aggregated with other utilities when it is reported on an organization's income statement.

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Member Spotlight: Strive for Success with Certifications

NACM

Striving for success is a relentless pursuit that drives individuals to reach their fullest potential and achieve their goals. The same applies to credit professionals who seek to become valuable assets within their department to achieve departmental and company goals. NACM's Professional Certification Program helps credit professionals grow to be.

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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.