Fri.Dec 15, 2023

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How the AI boom is transforming accounting

Accounting Today

The IRS rolling out chatbots to help individuals with basic tax matters and key presentations on AI innovation at accounting events are among the recent developments.

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Coaching Work-Life Balance from a Management Level | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Avalara marks 250th anniversary of Boston Tea Party

Accounting Today

Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.

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3 Canadian Legislation Changes In 2024 To Keep In Mind

The Successful Bookkeeper

Whether you’re already mentally in holiday mode or are spending the next few weeks tying up what feels like a thousand loose ends, one thing’s for sure: a new year is right around the corner.

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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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IRS offers more guidance on corporate AMT

Accounting Today

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

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11 Strategies for Success Business Owners Have Used 

Nolan Accounting Center

Let’s talk about strategy. Strategy is not something to fear, nor is it only for big companies. As Ellie Pidot, vice president of strategy at Medtronic has said, “Strategy is a fancy word for coming up with a long-term plan and putting it into action.” Author Pete Johnson added, “Strategy is a style of thinking, a conscious and deliberate process, an intensive implementation system, the science of ensuring future success.

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IRS Announces 2024 Mileage Rates: 1.5 Cent Spike Ushers in 67 Cents per Mile

Insightful Accountant

The IRS has released the 2024 standard mileage rates for business, medical, and charitable purposes. Taxpayers can choose to use these rates or calculate actual costs.

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Mileage rates rise for 2024

Accounting Today

The new deduction rates apply to electric and hybrid vehicles, as well.

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Breaking Outreach Barriers: How to Make Every Email Count?

Invoicera

It can be discouraging when your community outreach program attempts appear ineffective or unrecognized. You may have even begun to question whether email marketing strategy is a waste of time. Don’t lose your hopes. In this blog, you will learn how to have effective email communication that compels readers to act and grab their attention, […] The post Breaking Outreach Barriers: How to Make Every Email Count?

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$35M Avantax golden parachutes highlight role of compensation in M&A

Accounting Today

After Cetera's parent closed the acquisition of the tax-focused wealth management firm last month, departing executives received significant bonuses.

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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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Interim or Part-Time CFO Services: Which Engagement Model Should You Choose?

Analytix Finance & Accounting

A Chief Financial Officer (CFO) serves as a crucial senior-level financial authority responsible for overseeing the financial operations within a business. In addition to providing insights on business strategy, they play a pivotal role in financial planning, analysis, and guiding the strategic growth path. Their responsibilities encompass more than just overseeing financial statements or preparing budgets; they also manage cash flow and other essential financial metrics, offering a comprehensiv

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Tech News: H&R Block offers AI tax assistance

Accounting Today

Plus, StanfordTax adds AI to client organizers; Bill Spend & Expense adds features; and other news and information from the accounting technology world.

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Best Free Project Management Tools of 2024

Invoicera

Are you looking for a tool to manage your projects? Your search ends here! Whether you are a freelancer, part of a small team, or a big organization, the right tool can make your work much more manageable. But let’s be honest – there are so many tools in the market, and it can be challenging to pick the right one. That’s why we’ve found the best 20 free project tools for you.

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On the move: Withum opens new San Francisco office

Accounting Today

NATP appoints 2024 board of directors; MaloneBailey launches corporate valuation consulting practice; and more news from across the profession.

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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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'Last Christmas' as sung by a tax inspector

Accounting Fun

Last Christmas, I sent a demand But the very next day, you appealed it away This year, to get us some tax I'll investigate and ensure you pay (Chorus) Once bitten and twice shy I want your records, but you just seem to lie Tell me, taxpayer, do you recognize The mess you've made with your financial lies? Last Christmas, I filed a report But the very next day, you sent it away This year, to save me from tears I'll start a COP9 and make you obey Crowded offices, filled with paperwork Hidden income

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Billionaire Jimmy Haslam is being investigated over Pilot payments, lawyer says

Accounting Today

Haslam contends Pilot Travel executives installed by Warren Buffett have changed quarterly-earning accounting methods in a way that will cut the value of his holdings by $1.2 billion if the Tennessee-based billionaire elects to sell Buffett his remaining stake.

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Why Associations Matter to the Modern Credit Professional

NACM

?️On today's episode of the Extra Credit podcast. Joining NACM is not merely a membership; it's an investment in a network that propels your career forward and surrounds you with a community that shares in your successes and supports you in times of professional challenges.⭐ Hear from Brittany Yvon, CICP, CBA; Erica White; and Kim Marszalek, CCE.

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Toxicity over DEI plagues academic job forums in accounting

Accounting Today

Young people with accounting doctoral degrees are encountering discrimination during job searches and discussions on online forums, according to a new study.

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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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Are AP Pros Happy at Work? The Answer Might Surprise You 

AvidXchange

Accounts payable (AP) is a challenging job that demands professionals to juggle numerous tasks simultaneously, from data entry to account reconciliation to monthly reporting. It requires meticulous record-keeping, effective communication and project management skills. Our recent AP Career Satisfaction Survey , conducted in partnership with the Institute of Finance & Management (IOFM), found that a majority (51%) of AP professionals are “very” or “extremely” satisfied with their current role.

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Ex-GE Angola executive charged with fraud over forgery

Accounting Today

GE legal and accounting teams were investigating how accurately the turbine sales were reflected on the company's books.

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The Ultimate Lead Qualification Guide for Sales Teams

Nanonets

In today's fast-paced business environment, the art of selling has evolved significantly. Sales teams are no longer just about making calls and closing deals. They are about understanding, qualifying, and nurturing leads to ensure that every effort contributes to the bottom line. This is where the concept of lead qualification becomes pivotal. Lead qualification is the process of determining whether a potential customer is a good fit for your product or service.

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Tax Fraud Blotter: Document mismanagement

Accounting Today

Under Development; lack of security; CI at work; and other highlights of recent tax cases.

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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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Revitalize the CPA firm business model

Accounting Today

Have you ever looked at the websites of the top five CPA firms in your market and observed what similar services they provide?

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Treasury cracks down on money laundering and corruption

Accounting Today

The White House is taking aim at global money laundering in line with a UN effort, but some sectors of the economy are falling prey to criminal activity.