Tue.Sep 03, 2024

article thumbnail

IRS targets large partnerships for increased audits

Accounting Today

The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.

Auditing 312
article thumbnail

Mastering the Future: How Rolling Forecasts Can Propel Your Business Growth

Accounting Department

It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.

Budgeting 258
professionals

Sign Up for our Newsletter

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

article thumbnail

Hourly earnings growth fell at small businesses in August

Accounting Today

Hourly earnings growth for workers at small businesses dropped to 2.89% in August, Paychex reported Tuesday, the first time growth has been under 3% since January 2021.

Payroll 286
article thumbnail

Cloud in Healthcare Industry – Benefits and Use Cases

Ace Cloud Hosting

After the COVID-19 pandemic, the healthcare sector is experiencing a significant surge in innovation.

98
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

IAASB releases handbook for int'l audits

Accounting Today

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Auditing 275
article thumbnail

Strategies to Navigate Small Business Tax Preparation

Less Accounting

Tax season can be a daunting time for small business owners. From gathering receipts to navigating complex tax codes, the process can feel overwhelming. However, with the right strategies in place, tax preparation can become a smooth and manageable task. In this post, we’ll explore some effective strategies to help small business owners navigate tax preparation with confidence.

Tax 59

More Trending

article thumbnail

Warehouse Wednesday: Acumatica In-depth Part 5

Insightful Accountant

This is a prologue to Murph's next part of his in-depth series on Acumatica. a summary of Acumatica ERP's Wholesale and Distribution businesses that simply can't get the job done with smaller accounting solutions.

article thumbnail

7 impactful tax strategies for HNW business clients

Accounting Today

This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.

Tax 230
article thumbnail

IRS Reminds Taxpayers of Important Tax Guidelines Involving Online Crowdfunding

Insightful Accountant

The IRS reminds taxpayers of important tax guidelines involving contributions and distributions from online crowdfunding.

Tax 52
article thumbnail

IRS seeks to bolster foreign trust, gift transactions rules

Accounting Today

Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.

Tax 214
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

Intuit releases latest QuickBooks Small Business Insights

Insightful Accountant

Intuit has just released the newest edition of their quarterly QuickBooks Small Business Insights, a survey of SMB owners.

article thumbnail

Researchers teach LLMs to use spreadsheets well

Accounting Today

Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.

187
187
article thumbnail

Accounts Payable Trends in 2024

oAppsNet

The world of finance is continuously evolving, and the accounts payable (AP) process is no exception. As businesses strive to improve efficiency and reduce costs, they increasingly turn to new technologies and strategies to optimize their AP processes. However, the adoption of these trends may also present challenges such as initial costs, staff training, and potential resistance to change.

article thumbnail

One-fourth of accountants want more DEI

Accounting Today

Twenty-five percent of accounting professionals want to increase their roles in implementing diversity, equity and inclusion initiatives, per the Center for Accounting Transformation.

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

Buying a Small Business? Avoid These 5 Common Mistakes

CSI Accounting & Payroll

When you want to buy an existing small business, you’re curious about what can go wrong – beyond just overpaying. What are the biggest mistakes that buyers make when purchasing a business? Let's discuss the five most common ones.

article thumbnail

New regs on changing accounting methods for research

Accounting Today

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.

article thumbnail

4 ways fintech drives business growth

Plooto

Today’s business environment is putting pressure on businesses to be efficient and intentional with their investments. Business owners are increasingly turning to technology to overcome challenges like rising costs and difficulty accessing capital. In fact, in a 2024 survey of American small business owners , 50% said they were likely to allocate more of their budgets to technology and infrastructure.

article thumbnail

Everything is now e-commerce: Are you ready?

Accounting Today

Welcome to the era of e-commerce accounting, where digital transactions are overtaking traditional sales.

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

Innovative Accounting: Tech Trends Every CPA Should Know

Insightful Accountant

Accounting is evolving along with the rest of the world, and it's definitely one of those industries that will keep expanding. However, there are certain trends you should pay attention to if you want to succeed more quickly.

CPA 52
article thumbnail

Modernizing your tax workpapers process

Accounting Today

For too long, tax departments have longed to improve their workpapers process, but they lack the time, resources or expertise to do so.

Tax 162