Mon.Dec 11, 2023

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IRS plans foreign tax credit rules

Accounting Today

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

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2024 ProAdvisor Awards Process is Underway

Insightful Accountant

Whether you're from Oklahoma or Ontario, from Alabama or Australia, from Nevada to Nigeria, from Colorado to Costa Rica, every ProAdvisor should nominate a qualified deserving ProAdvisor or nominate themselves for the 2024 Awards process.

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IFAC to revise education standards for sustainability

Accounting Today

The International Federation of Accountants' planned revisions will include some new and revised learning outcomes to meet the demands for sustainability reporting and assurance.

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Healthcare Document Management: A Complete Guide

Nanonets

Healthcare document management systems play a crucial role in the modern healthcare landscape by streamlining and enhancing the management of patient records, administrative documents, and medical data. These systems provide a centralized and secure platform for storing, organizing, and accessing a vast array of healthcare-related information. What is Healthcare Document Management?

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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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The future of the trusted advisor: Challenges and opportunities

Accounting Today

As the accounting profession enters a period of unprecedented change, the AICPA's Barry Melancon highlights the upsides and downsides.

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How to Use Strategic Content to Establish Niche Authority?

Invoicera

Establishing a robust online presence is not merely a desirable option but a requirement. One persistent challenge most companies face, especially startups, is breaking through the saturated market and setting themselves up as an authority in their niche. Being a mere part of the crowd won’t help you create a memorable brand that people trust, […] The post How to Use Strategic Content to Establish Niche Authority?

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QuickBooks Hosting – What are the System Requirements?

Ace Cloud Hosting

Accessing QuickBooks Desktop on the cloud is necessary in current financial scenarios. QuickBooks is a powerful tool most CPAs and Accountants in the States use. Numerous methods can be used.

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Poor pay and career opportunities, lack of respect prompt finance employees to quit

Accounting Today

What are the main factors driving finance employees to leave their jobs?

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How AI data entry brings relief and efficiency

Nanonets

It's a scene all too common around tax season — the accounting team huddled in a room, heads down, manually entering data from stacks of invoices and receipts into spreadsheets. Wouldn't it be nice if their talent is spent on meaningful work that moves the needle? Unfortunately, it is not just isolated to accounting. A Zapier survey showed that  76%  of employees spend up to 3 hours daily on data entry.

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Art of Accounting: Problems after selling your practice

Accounting Today

Sellers cannot protect themselves from a buyer's bankruptcy or if the buyer just stops making payments.

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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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Dext Precision: Feature Updates to Improve Your Experience

Dext

At Dext Precision, we’re committed to evolving our product in ways that make a real difference to your everyday work. Our latest update isn’t just a facelift—it’s a thoughtful restructuring of our Information Architecture (IA), intended to streamline your experience and align it more closely with how your workflows function in real life.

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Ex-Monte Paschi CEO Viola cleared in false accounting trial

Accounting Today

Three years ago, Viola and Profumo were convicted of improperly booking the Santorini and Alexandria transactions as repurchase agreements instead of derivatives.

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Understanding VAT On Food In The Food Industry

Invoicera

Are you curious how those confusing numbers on food bills relate to taxes? Understanding VAT (Value Added Tax) for food can be like cracking a secret code in the food world – it’s puzzling for most people, including those in the food business. Nowadays, VAT has a significant impact, affecting menu prices and how much profit is made. Did you know that VAT rates for food can be different from one country to another?

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A Complete Guide for Lead Scoring

Nanonets

Introduction Lead scoring is an essential methodology in the realm of B2B sales and marketing. At its core, it involves assigning a numerical score to each lead, typically on a scale from 1 to 100, to gauge their likelihood of making a purchase. This process is a strategic approach to understand the potential of every lead that comes into the sales funnel.

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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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5 Trends That Will Impact Your Business in 2024

Compleatable

It’s almost that time of the year again: time to adorn the office Christmas tree in tinsel, share your Spotify wrapped with anyone who will listen, and eagerly draft up your seasonal out-of-office message. While many of us take time to celebrate the year’s achievements (and by achievements I mean yay- we survived!), it’s also a crucial time to look forward at 2024 and predict what will be in store.

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Finding the Best Invoice Processing Software in 2024

Nanonets

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days. If an AP expert has to conduct three-way matching checks , route the invoice to the proper department for approval , initiate the payment process, and get another approval before sending funds, there are many potential

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What is AI, anyway?

Accounting Today

Not everyone agrees on a single definition, so Accounting Today asked a number of experts to share their idea of what, exactly, artificial intelligence is.

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Hunter Biden legal woes flare

Accounting Today

The latest indictment against the president's son accuses him of avoiding taxes while living lavishly, including withdrawing $1.66 million in cash over a four-year period.

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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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Trump paid expert witness $877,500 for work in fraud trial

Accounting Today

Bartov, under questioning by one of Trump's lawyers, said that he "did not find any evidence of material misstatement" in the former president's financial statements and "no evidence whatsoever for any accounting fraud.