Mon.Nov 18, 2024

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Streamline tax time: Xero now supports partnership tax in the UK

Xero

We’re excited to announce that partnership tax has arrived in Xero Tax. You can now manage most of your clients’ tax needs – corporate, personal, and ordinary partnerships – in one simple, secure platform. No more juggling multiple tools or battling complicated software. By managing partnership tax in Xero, you can remove some of the stress around tax time for your practice and your clients.

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Gen AI speeds software development, heats up competition

Accounting Today

Accounting software development cycles will accelerate with generative AI, but so will competitive pressures.

professionals

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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Automation delivers finance departments many benefits, including accurate predictions and insights related to revenue and sales so that CFOs and their teams can make better business decisions. Despite this, automation in accounts receivable has met its fair share of skepticism from business leaders worldwide. Some of the main concerns include change management and employee adaptability to new technologies, adherence to compliance, how easily the automation technology integrates with other financ

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M&A roundup: Aprio, Opsahl Dawson and Doeren Mayhew expand

Accounting Today

Aprio acquires Kirsch Kohn Bridge; Opsahl Dawson adds Hauser Jones & Sas; and Doeren Mayhew acquires BHT&D CPAs.

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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

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Top 9 Rossum alternatives for data extraction

Nanonets

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. It offers a cloud-based platform for AI-driven data extraction and workflow automation. However, every organization has unique needs, and not every tool would fit perfectly into all your workflows. If you’re exploring Rossum alternatives, it could be due to considerations such as: 1.

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Audit committees boost cyber, ESG expertise

Accounting Today

Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.

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AICPA-NASBA expand access to Experience, Learn & Earn Program

Accounting Today

The Experience, Learn & Earn program now allows accounting graduates who are unaffiliated with a participating firm or employer to sign up, as long as they are employed full time.

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Top 9 Amazon Textract alternatives for data extraction

Nanonets

Amazon Textract is AWS's machine learning service that reads and processes documents automatically. It does more than just turn images into text like basic OCR tools. You can use it to pull data from forms and tables, process both typed and handwritten text, work with PDFs and scanned images, and handle documents in multiple languages. It even comes with ready-to-use tools for specific documents like invoices, IDs, and lending paperwork.

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Building a better sales pipeline

Accounting Today

As firms grow, they need to move their sales pipeline from inside their head into a more formal process, says Sarah Dobek of Inovautus Consulting.

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Nov 18, Quarterly Interest Rates Announced

Bookkeeping Essentials

CRA and IRS interest rates for corporate loans to shareholders, installment sales, under and over payment of taxes

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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.

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CRI and PKFOD receive outside investment

Accounting Today

Carr, Riggs & Ingram and PKF O'Connor Davies separately announced they scored funding from investment firms.

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Top 3 fraud risks to look out for

Plooto

Using technology to run your business is a no-brainer in this day and age. It speeds up processes, helps employees and vendors communicate efficiently, and provides fast, reliable data about all aspects of your business.

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Art of Accounting: 11th anniversary of weekly quick fixes

Accounting Today

Accountants and advisors do not live in a vacuum or are not cordoned off in a silo but are subjected to everything going on in the real world and in business and serving the needs of our clients.

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Withum Launches Dedicated AI Services Website

Insightful Accountant

Comprehensive resource withum.ai to help businesses navigate artificial intelligence space.

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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.

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How to Reduce Payroll Taxes for Small Businesses

CSI Accounting & Payroll

When you own a small business, you can owe a lot in payroll taxes. If you have a small profit margin, you may be wondering how you can reduce your payroll tax liability – legally, of course.

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Thomson Reuters Announces Partnership with Oracle

Insightful Accountant

Thomson Reuters has announced a partnership with Oracle which will turnkey integration with ONESOURCE Pagero and Oracle Cloud Enterprise Resource Planning, effectively transforming e-invoicing processes.

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Lacerte 1040 Tax Planner and Analyzer – What You Need To Know

Ace Cloud Hosting

Lacerte by Intuit is one of the most popular tax preparation and filing software for firms and professionals. It offers several handy features that help tax professionals file taxes efficiently.

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Nomination Period Extended for 2025 ProAdvisor Awards

Insightful Accountant

Insightful Accountant is extending the 2025 ProAdvisor Award Nomination Deadline by three weeks until December 10, 2024. This extension applies for both the U.S. and International ProAdvisor communities.

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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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Mastermind Roundtable: Strengthening Your Talent Retention & Engagement

accountingfly

When: Tuesday, December 3 @ 11 am CT / 12 pm ET Location: Virtual, Zoom Host: Jeff Phillips, Co-Founder of Accountingfly and CEO of Padgett Are you ready to protect the investments you’re making in hiring top accounting talent? As an Accountingfly client, you’re invited to an exclusive mastermind roundtable designed to empower your firm with insights on talent retention, engagement, and onboarding.

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IRS Proposal to Slash Third-Party Notice Period Draws Criticism

Insightful Accountant

In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced strong opposition to proposed IRS regulations.

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What is Test Time Training

Nanonets

Introduction Back-propagation has been the engine driving the deep learning revolution. We've come a long way with advancements such as: New layers like Convolutional Neural Networks, Recurrent Neural Networks, Transformers. New training paradigms like fine-tuning, transfer learning, self-supervised learning, contrastive learning, and reinforcement learning.

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From Training to Profit: Equipping Accountants to Deliver Game-Changing Client Education

Insightful Accountant

Training has emerged as an effective and a least costly client acquisition strategy for accountants. Beyond attracting new clients or moving clients further into your services funnel, it can also stand alone as a lucrative revenue stream.

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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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2024 Salary Trends Business Owners Should Know

Fit Small Business

Understanding salary trends is crucial for both job seekers and employers navigating a dynamic labor market. This article explores the key factors driving wage changes, including inflation and industry demands. Staying informed of these 2024 compensation trends can help you make strategic career or business decisions this year. US Salary Trends 1. Actual salary increase.

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Transforming Accounting Workflows: Tommy Tsai on Coefficient's AI-Driven Spreadsheet Tools

Insightful Accountant

Join Gary DeHart as he interviews Tommy Tsai of Coefficient, to explore how spreadsheets are evolving with modern technology. Tommy shares his journey in startups and software engineering before discussing Coefficient's innovative features.

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Trump and the GOP won a huge election for taxes. Now for the tricky part

Accounting Today

The numbers are getting murkier, and the politics with a slim majority in the House and the minutiae of Senate reconciliation rules look anything but easy.

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IRS reforms bring relief, but Trump win clouds future plans

Accounting Today

Donald Trump's re-election brings uncertainty to the tax landscape, including proposals for both numerous tax breaks and funding cuts to the IRS.

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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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Johnson says Congress will 'do the math' on key Trump tax pledge

Accounting Today

House Speaker Mike Johnson said Donald Trump's plan to end income tax on tips would have to be paid for, injecting a note of caution into one of the president-elect's key campaign pledges.

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