Thu.Apr 04, 2024

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Uncertainty surrounds CTA — for accountants and small biz

Accounting Today

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.

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Ease the Stress of Gov-Con Accounting with AccountingDepartment.com

Accounting Department

Outsourced accounting services play a crucial role in providing valuable assistance to business owners, CEOs, and entrepreneurs. With our extensive experience at AccountingDepartment.com, we have successfully tackled a myriad of challenges that businesses encounter in their accounting processes.

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Tax Fraud Blotter: What a relief

Accounting Today

Chief culprit; tag, you're it; trust them not; and other highlights of recent tax cases.

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Top Remote Accountants for Hire | April 4, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive our full list of top accounting candidates available weekly!

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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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Accounting's pipeline problem: An opportunity in disguise?

Accounting Today

Even as they struggle with shortages, leading firms see the staffing crisis as a chance to pull ahead of their peers.

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Accountingfly Hiring Update: April 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: RTO Causing Tax Pros to Head for the Door; 2024 Busy Season Freelancer Trends Tax Pros Fleeing RTO Firms Tax hiring season usually ends on December 31. So, we were surprised to see qualified tax candidates applying to Accountingfly in January and February 2024.

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App Aware: Flash Reports

Insightful Accountant

If you know Excel, the Flash Reports Excel Add-in streamlines the use of your QBO data for reporting, forecasting, multi-file consolidation, and more.

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Has private equity changed what your firm is worth?

Accounting Today

The economic basics of supply and demand still rule the day: Your firm is worth what a buyer will pay.

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Working 2 Hours / Week, Running a $1.6M Firm, and Rapping with Scotty Scarano

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, David Cristello interviews Scotty Scarano, the self-titled wrapping custodian at Accounting High. Scotty, who is also the founder of a $2 million accounting firm and serves on various tech company boards, shares insights on OKRs and his rap career. Tune in to learn more about Scotty’s journey and his unique approach to the accounting industry.

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Practice profile: Strong on defense

Accounting Today

In assembling its security services team, Top 10 Firm RSM US takes an unconventional approach.

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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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Azure Cost Management – Your Guide to Improve Cost Efficiency

Economize

Introduction to Azure Cost Monitoring Regular and proactive monitoring is essential for maintaining the efficiency and cost-effectiveness of your cloud environment. By continuously monitoring your resources, you can ensure that they operate as desired and remain within your budget. In Microsoft Azure, Cost monitoring is managed by Azure Cost Management tools.

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CAS: Become a cherished advisor in the digital age

Accounting Today

The blend of cutting-edge technology and the warmth of human connection is creating a whole new playing field for professionals

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Bookkeeping For Construction Companies – 5 Essential Tips for Financial Success

Outsourced Bookeeping

For construction firms to do well, effective financial management is essential. We’ll explore five essential suggestions in this article, each specifically designed to meet the particular requirements of the sector. These insights will enable construction companies to improve their financial performance through careful spending tracking, cash flow management, and proactive tax planning.

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FASB names members of EITF

Accounting Today

The accounting standard-setter named 11 experts to its reconstituted task force on Thursday.

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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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The Correlation Between Inflation, Minimum Wage, & Profit Margins for Small Businesses

CSI Accounting & Payroll

As a small business owner, your profits are everything. After all, it takes most small businesses a while to even start making a profit. That’s why you’re always aware of the factors that can potentially cut into them, like inflation and an ever-increasing minimum wage. At CSI Accounting & Payroll, we’ve helped small businesses with their finances year-round for over 50 years.

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Maine, Rhode Island storm victims get tax relief

Accounting Today

Filing and payment deadlines for taxpayers in designated areas have been pushed back.

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Corporate Taxes: The Benefit of Tax-Deductible Donations

Counto

Corporate Taxes: The Benefit of Tax-Deductible Donations In the realm of business, giving back to the community isn’t just about altruism—it’s also about strategic financial planning. Tax-deductible donations offer a unique opportunity for businesses to support worthy causes while also benefiting their bottom line. Why Your Business Should Consider Donating Tax Benefits: Donating to tax-exempt organisations, such as charities, can potentially lower your taxable income, leading to sig

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How to Improve the NetSuite Invoice Approval Workflow

MineralTree

Leveraging AP automation for a faster process The invoice approval process is a bottleneck for many AP teams. From manually inputting invoice data to chasing down approvers for signatures, a traditional paper-based approval process contains many time-consuming, manual steps that slow down payments and sap resources. No wonder getting payments authorized and released is finance professionals’ top pain point for their vendor payment process, according to MineralTree’s State of AP Report.

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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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Looking for a Line-of-Credit: Checkout QuickBooks

Insightful Accountant

QuickBooks newly launched Line-of-Credit brings greater access to capital for SMBs.

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Supporting Small Businesses: Counto’s Free Multi-Currency Reporting in Every Accounting Plan

Counto

Supporting Small Businesses: Counto’s Free Multi-Currency Reporting in Every Accounting Plan In today’s interconnected business landscape, expanding beyond local markets is a strategic move for many SMEs. At Counto, we recognise the importance of seamless financial management across borders, which is why all our accounting plans include free multi-currency support.

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Preparing A Cash Flow Forecast: A Step-By-Step Guide

Invoicera

Have you ever thought of why some businesses grow and some always struggle to earn a little? There can be multiple reasons but ‘Cash Flow Management’ is the biggest reason for not getting success in a business. Did you know? 82% of businesses do not succeed due to poor management of cash flow. So, how can any business master the art of managing a healthy cash flow to secure the future?

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Bipartisan $78B tax deal hits GOP roadblock in Senate

Accounting Today

Senate Republicans don't want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said.

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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.