Thu.Oct 05, 2023

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IRS warns about art donation scams

Accounting Today

The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.

Tax 328
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ADC Gets AMPLIFIED in Detroit at EO XCentric!

Accounting Department

Our second Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Detroit this week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to rock Detroit and spend some time with all of the great event attendees.

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IRS makes progress on implementing Inflation Reduction Act

Accounting Today

The Internal Revenue Service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

Tax 325
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Partners Sessions to See - Summit NA 2023

Fidesic blog

Dynamics Communities Summit NA conference is just around the corner. We’re pretty pumped to connect with the community in person. Here are some of the great sessions in which our friends and partners will be speaking. Check them out.

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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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Not having a House Speaker is threatening tax and other key areas

Accounting Today

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

Tax 299
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BatchMaster for QuickBooks – Introduction

Insightful Accountant

Murph delivers the first part of a series on BatchMaster software for use with QuickBooks, which can bring your products to market faster and cheaper, while reducing overall costs and complying with your industry’s regulatory mandates.

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A Comprehensive Guide to KPI Utilization and Automation

Cevinio

Driving Excellence in Accounts Payable: A Comprehensive Guide to KPI Utilization and Automation In the realm of corporate finance, maintaining a competitive edge is paramount. One area where this is particularly true is Accounts Payable (AP). The efficiency of AP operations can significantly impact an organization’s financial stability and overall prosperity.

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IRS tax-exempt unit faces its own backlogs

Accounting Today

The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.

Tax 200
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Bill Unveils Accountant Console for Accountant Partners

Insightful Accountant

The new financial operations platform for SMBs integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.

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AICPA awards $400K in minority doctoral scholarships

Accounting Today

The move comes as firms try to widen the pipeline of young people entering the accounting profession, especially from diverse backgrounds.

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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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How Catalyst Plus Successfully Recouped $10,000 for a Client with the Help of Dext

Dext

About Catalyst Plus Julie-Anne Ellem, better known as Jewlz, is a powerhouse in the Australian accounting industry. Starting her career at a young age in Sydney, she’s come a long way from her small-town roots.

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Developing FedNow expertise enhances your value to business clients

Accounting Today

Learning to use the Federal Reserve's new payment system can be a competitive advantage for firms.

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Improving the AP End of Month Close Process

MineralTree

The end of month close process plays a vital role in ensuring the accuracy, integrity, and transparency of financial records for businesses of all sizes. Making this monthly ritual effective and efficient can mean the difference between informed decision-making and costly errors. Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence.

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Get Connected by QuickBooks earns International ProAdvisor Award Points

Insightful Accountant

Insightful Accountant has evaluated the upcoming 'Get Connected by QuickBooks' event in Sydney and issued International ProAdvisor Award Points for the sessions being offered.

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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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Small Business Invoice Factoring: What You Need to Know 

AvidXchange

Table of Contents: Small Business Financing Challenges | What is Small Business Invoice Factoring? | Is Invoice Factoring Right for Your Small Business? | How Does Invoice Factoring Work with AvidXchange’s Invoice Accelerator? Small business invoice factoring is a financing option that provides businesses with immediate access to cash. Many companies find it to be favorable compared to traditional business financing methods like bank loans and lines of credit.

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Future Forward 2023 Rewind: Boost Advisory Revenue with Microsoft's Power Platform, Azure & OpenAI

Insightful Accountant

The 'Future Forward 2023 Rewind' is back with a look at the latest tools and related services to help transform your business. DataHead Solutions' Pete Audenas takes center stage.

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High-Impact Communication to Retain and Grow Your Client Base

Dext

The accounting landscape has seen some drastic changes in recent years, spurred by advancements in technology and a rapidly evolving business environment. While these changes have streamlined a host of tasks with accounting automation, they’ve also raised the bar for what clients expect in terms of communication.

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What is Credit Card Reconciliation?: The 2023 Guide

Outsourced Bookeeping

The process carried out by companies and individuals alike to reconcile both credit card statements with internal records, like your receipts, invoices, etc., is called credit card reconciliation. It is recommended to conduct this process every month to identify any problems if they do exist easily but people conduct them depending on their availability and the number of transactions carried out, sometimes weekly, quarterly or even annually.

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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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How to build your own Zendesk Answer Bot with LLMs

Nanonets

Introduction In today’s fast-paced world, customer service is a crucial aspect of any business. A Zendesk Answer Bot, powered by Large Language Models (LLMs) like GPT-4, can significantly enhance the efficiency and quality of customer support by automating responses. This blog post will guide you through building and deploying your own Zendesk Auto Responder using LLMs and implementing RAG-based workflows in GenAI to streamline the process.

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Triple net lease definition

Accounting Tools

Related Courses Accounting for Leases What is a Triple Net Lease? A triple net lease is a leasing arrangement in which the tenant or lessee is responsible for paying all of the costs associated with a leased asset. For example, the tenant in a leased property is required to pay the rent , insurance , maintenance, and property taxes. When there are multiple lessees in a property, a tenant must also pay its share of the maintenance on common areas, usually based on a proportion of square footage l

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Trump complains he can't hear accountant during fraud trial

Accounting Today

Trump spoke out in apparent irritation after his lawyer complained he couldn't hear the testimony of the state's first witness, former Mazars USA LLP accountant Donald Bender, who often lowered his voice and mumbled answers.

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Triple bottom line definition

Accounting Tools

Related Courses Environmental Accounting Investor Relations Guidebook What is the Triple Bottom Line? The triple bottom line refers to the financial, social, and environmental results of a business. Each of these results focuses on a different activity – generating a financial return for investors , having a positive impact on people, and having a positive impact on the planet.

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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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The #1 City for Accountants and More Stories from The Accounting Podcast

Blake Oliver

Think you know the best cities for accountants? The number one spot may surprise you. Keeping up with the latest news in the profession can be challenging, but The Accounting Podcast makes it easy. In episode 352, my co-host David Leary and I break down need-to-know news, such as the top cities for accountants, how Donald Trump defrauded banks, tightened audit confirmation rules, the latest AI developments, and a surprising admission from a Deloitte CEO.

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Revenue expenditure definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeping Guidebook Cost Accounting Fundamentals What is a Revenue Expenditure? A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. By doing so, a business is using the matching principle to link the expense incurred to revenues generated in the same reporting period. This yields the most accurate income statement results.

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Charitable remainder trust definition

Accounting Tools

Related Courses Auditing Nonprofit Entities Nonprofit Accounting What is a Charitable Remainder Trust? A charitable remainder trust makes payments to one or more beneficiaries (usually the donor) for a certain period of time, after which the remainder of the funds in the trust are donated to a charity. A portion of the amount in this trust is tax deductible for the donor; this is the main point of having such a trust.

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Investor relations officer job description

Accounting Tools

Related Courses Investor Relations Guidebook An investor relations officer (IRO) is responsible for creating and presenting a consistently applied investment message to the investment community. The IRO is also responsible for monitoring and presenting to management the opinions of the investment community regarding the company's performance. To fulfill these responsibilities, an IRO is involved with the formulation and release of information to outsiders, as well as with the handling of inquiri

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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.

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Credit manager job description

Accounting Tools

Related Courses Credit and Collection Guidebook Essentials of Collection Law The Interpretation of Financial Statements A credit manager is responsible for the entire credit granting process. This includes the consistent application of a credit policy , periodic credit reviews of existing customers , and assessing the creditworthiness of potential customers.

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Investment banker job description

Accounting Tools

Related Courses Corporate Finance An investment banker assists clients with either fund raising or merger and acquisition activity. In the latter case, the level of specialization may extend to just offering advice on certain types of tax-specific transactions, or in regard to corporate spin-offs or reorganizations. In addition, an investment banking firm may have a number of levels through which a person is expected to advance, such as analyst, associate, vice president, and managing director.

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Internal auditor job description

Accounting Tools

Related Courses Internal Auditing Guidebook An internal auditor is responsible for reviewing a company’s processes, identifying anomalies, and reporting any issues found to management. The outcome of this work should be a series of process improvements and adjustments to control systems, so that a business operates more efficiently and effectively , while mitigating risk.

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Agricultural cooperative definition

Accounting Tools

Related Courses Accounting for Vineyards and Wineries Agricultural Accounting What is an Agricultural Cooperative? An agricultural cooperative is a business association into which farmers pool their resources. By doing so, farmers can increase their revenues , reduce costs or share risks , depending on the type of cooperative. There are two types of farmers that interact with a cooperative.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.