Mon.Jan 13, 2025

article thumbnail

How to turn your New Year’s resolutions into solutions with apps

Xero

Got aspirations for your small business in 2025? The most important part of making New Years resolutions is creating a plan on how you will achieve them and then taking action. Whether you want to grow your business or take a step back and spend less time at work, apps might just be the secret weapon to reaching your goals. This year, turning your business resolutions into solutions might be as simple as connecting a new app to Xero.

XERO 243
article thumbnail

LA fire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

Tax 321
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Introducing ‘Your business supercharged’

Xero

Were excited to unveil our new tagline: Your business supercharged. This is more than just a statement. Its about helping you achieve your business goals. But its also about the journey, the passion and freedom to do what you love. Ultimately, its about helping you unlock your full potential. Time for change Your business supercharged is a reflection of our unwavering commitment to you and the value we hope to provide every day.

XERO 246
article thumbnail

Art of Accounting: Perception vs. reality for tax audit fees

Accounting Today

Delivering an invoice for any service, including a tax audit, is a marketing activity, and it cannot be assumed that the client understands the value.

Auditing 287
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

The Annual Review

1st Step Accounting

At least once a year, I take a moment to review how our tax season went. There are 3 main things I look at – our process, technology, and average delivery time. After reviewing the 2023 tax year season, I realized there was some work that needed to be done. The data revealed some realities that I did not like, and some lessons emerged from this internal discussion.

article thumbnail

Caseware appoints David Marquis as CEO

Accounting Today

Caseware announced it has appointed David Marquis, a five-year Intuit veteran, as its new CEO.

264
264

More Trending

article thumbnail

Agentic AI: The next big thing for accountants?

Accounting Today

Interest in agentic AI as the next step in the progression from generative AI has spiked in recent months along with investment from accounting firms and vendors.

article thumbnail

Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business?

Counto

Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business? In todays rapidly evolving business landscape, managing finances efficiently is crucial for small business owners in Singapore. Whether youre a new entrepreneur or a seasoned business owner, choosing the right type of business account can significantly impact your operations.

article thumbnail

OSCPA names next president

Accounting Today

Laura Hay will succeed Scott Wiley as president and CEO of the Ohio Society of CPAs. She will be the first woman and first CPA to lead the organization.

CPA 147
article thumbnail

How to prevent order discrepancy with automated PO-SO matching

Nanonets

If you run a distribution business, you know the drill: A customer rejects an invoice over a purchase order discrepancy, their payment terms reset, and they sit on your working capital while you pay 9%+ interest. Let’s explore how a mid-sized distributor solved this by scaling their purchase order-sales order verification process before shipping – without adding headcount or disrupting existing workflows.

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

The SEC should reject the PCAOB's firm reporting mandates

Accounting Today

Hindering the audit marketplace creates risk for the investing public, says the AICPA's Sue Coffey.

Auditing 133
article thumbnail

The race to reform CPA licensing — which state will be next?

Blake Oliver

The race to reform CPA licensing is ON. And it's moving faster than expected. Scott Wiley, President of the Ohio Society of CPAs, shared some amazing numbers with me: 30+ states plan to file reform bills in 2025. Not more committeesactual legislation. Here are the details What's happening RIGHT NOW: 7 states already have bills filed California (#1 for CPA population) files next month 9 of the 10 largest CPA states are planning bills Together, these states represent 75-80% of ALL US CPAs Who's a

CPA 52
article thumbnail

Boston mayor revives push for homeowner tax relief

Accounting Today

The refiled proposal would cut the tax rate for the current fiscal year or provide residential rebates if such a reduction isn't approved by March.

Tax 130
article thumbnail

6 Questions to Ask Monthly Accounting Firms Before You Commit

CSI Accounting & Payroll

So, youve decided that monthly accounting is the right solution for your business? Thats awesome! Now its time to shop around. After all, finding the right solution doesnt mean youve found the right monthly accounting firm.

article thumbnail

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.

article thumbnail

Biden bars cooking oil imports from tax credit

Accounting Today

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

Tax 130
article thumbnail

Professional Stature of a ProAdvisor

Insightful Accountant

Murph keys you in on traits that our past ProAdvisors of the Year have exemplified and why "professional stature puts the 'Pro' in ProAdvisor.

52
article thumbnail

Ex-WWE CEO Vince McMahon settles SEC case on non-disclosure

Accounting Today

Vince McMahon, the former chief executive officer of World Wrestling Entertainment Inc., hid hush-money settlements he negotiated with a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021, the Securities and Exchange Commission alleged.

article thumbnail

Tomorrow's QB Talks: ProAdvisor Training Opportunities

Insightful Accountant

Murph and guest co-host Kim Noh will discuss both the ProAdvisor and Intuit Academy training opportunities for ProAdvisors, Accountants, Bookkeepers and Tax Preparers.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

article thumbnail

What Is an Approval Matrix and How Does It Work?

Tipalti

Learn what an approval matrix is, how it works, and why it's essential for streamlining workflows and improving decision-making processes.

52
article thumbnail

Maintaining a High-Performance Culture While Scaling Your Tax Practice

Insightful Accountant

In today's rapidly evolving tax landscape, growing a practice while maintaining its entrepreneurial spirit and team cohesion presents unique challenges. The principles of maintaining startup agility while establishing boundaries can impact.

Tax 52
article thumbnail

The Top Spendesk Alternatives In 2025

Tipalti

Looking for the best Spendesk alternative? See how Spendesk compares to Payhawk, Pleo, and Tipalti. Find the best spend management software for your business today.

40
article thumbnail

IRS: California Wildfire Victims Qualify for Tax Relief

Insightful Accountant

The Internal Revenue Service announced tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on Jan. 7, 2025.

Tax 52
article thumbnail

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.

article thumbnail

Plooto Alternatives Comparison for Canadian Companies

Tipalti

Explore top-rated Plooto alternatives designed to seamlessly integrate with your Canadian businesss current financial software setup. Compare features, pricing and reviews.

article thumbnail

Federal Employee Payroll Deduction Loan

Black Ink Tax & Accounting

Table of Contents Federal Employee Payroll Deduction Loan: loans for federal employees Financial stability is vital when it comes to […] The post Federal Employee Payroll Deduction Loan appeared first on bitaccounting.

Payroll 40
article thumbnail

Dragoman

Tipalti

Tipalti transformed Dragomans payment operations by automating processes and integrating with the companys accounting software.

article thumbnail

These legal cases will determine regulatory power in 2025 and beyond

Accounting Today

Lawsuits before the Supreme Court and in lower federal courts across the country could further reduce enforcement powers at the IRS and the SEC this year.

Tax 130
article thumbnail

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.

article thumbnail

Intuit names Matt Idema as new leader of Mailchimp

Intuit

Intuit shared today that Matt Idema will step into the role of Senior Vice President, Mailchimp. Matt comes to Intuit with a strong understanding of how businesses use marketing tools to grow their customers, making him uniquely familiar with the challenges small and mid-market businesses face. His background dovetails perfectly with the vision Intuit shared when it acquired Mailchimp in 2021, which is to be the center of small business growth and help small businesses with their pressing need t

130
130
article thumbnail

Recording Charity Donations in Bookkeeping for Small Businesses in Singapore

Counto

Recording Charity Donations in Bookkeeping for Small Businesses in Singapore Contributing to charitable causes is a powerful way for a small business owner in Singapore to give back to the community. Beyond the social good, charitable donations can also provide significant financial benefits. Under Singapore’s tax laws, businesses can claim a tax deduction of up to 2.5 times the value of donations made to approved Institutions of a Public Character (IPCs).

article thumbnail

How to Improve the Candidate Experience: 8 Strategies

Fit Small Business

Creating an exceptional candidate experience isnt just about filling positionsits about building relationships and showcasing your companys commitment to people from the very first interaction. Here are 8 strategies on how to improve your candidate experience. 1. Highlight Your Company Culture Think of your company culture as a living, breathing ecosystem that candidates want to.

52
article thumbnail

SALT deduction cap talk with Trump 'positive,' lawmakers say

Accounting Today

Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.

Tax 189
article thumbnail

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.