Tue.Sep 05, 2023

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IRS agents probing high-income taxpayers need better training

Accounting Today

The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.

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Contribution Margin Explained

Accounting Department

Business owners face many financial challenges, so understanding contribution margin is crucial to success. Contribution margin is an essential financial metric for any business striving to increase growth and revenue.

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Noble Consulting acquires Johnson Lambert insurance practice

Accounting Today

An insurance regulatory consulting firm that's part of Katz Sapper Miller, a Top 100 Firm based in Indianapolis, is growing by buying another firm's insurance regulatory practice.

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Xero Beautiful Business Fund: Not-for-profit? You’re a small business too, so apply today!

Xero

Applications are quickly coming in for the Xero Beautiful Business Fund – thank you to all those who’ve entered so far. If you’re an organisation that operates on a not-for-profit basis, you might be wondering whether you’re eligible to apply. The short answer in most cases is yes (just make sure to double check the rest of our eligibility criteria here ) – because in our eyes, not-for-profit organisations are small businesses too.

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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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EIN red flags trigger tax audits

Accounting Today

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

Auditing 288
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Invoice Processing Time: Why Does It Matter? 

AvidXchange

In today’s uncertain economic environment, organizations are putting extra emphasis on spend management – monitoring and maximizing company spend. The accounts payable (AP) department plays a critical role in this expenditure cycle, with success tightly linked to the efficiency and accuracy of the team and their processes. The payables process generally involves several steps: Receiving and validating invoices Capturing and coding the data on the invoice (indexing) Matching the invoice to p

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Let's Talk 'QuickBooks Desktop' at September's 'QB Talks'

Insightful Accountant

Murph is hosting 'QB Talks' on Sept. 20, where he hopes to discuss "QuickBooks Desktop 2024." He has put his chips on the table and is gambling that Intuit will have released the product and its embargo prior to his opening remarks.

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Pros and cons of the Financial Data Transparency Act

Accounting Today

The trend toward digitization of government data has been affirmed as a priority by the passage of recent legislation.

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Understanding CPFF Contracts

Insightful Accountant

Hour Timesheet and Clockwise co-founder Debbie Sabin discusses CPFF contracts and the imperative of DCAA compliant timekeeping.

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Ex-Americanas CEO says he's scapegoat

Accounting Today

Miguel Gutierrez argues he had nothing to do with the attempt to manipulate the retailer's financial accounts that led to a massive accounting scandal.

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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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How CFO Expertise can Help your Business Grow

Analytix Finance & Accounting

A Chief Financial Officer (CFO) is responsible for setting a business’s financial budgets and objectives and taking concrete and appropriate steps to meet them. While many think hiring a CFO is only necessary for large organizations, it can benefit a business of any size and at any stage in its journey. How Industry Intelligence Assists CPA Firms Better When it comes to offering higher-level CFO consulting services to clients, CPA firms are often limited by bandwidth.

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Wirecard whistleblower starts platform to detect wrongdoing

Accounting Today

Pav Gill is setting up Confide, catering to companies that want to boost their corporate governance.

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Learn strategies for transitioning from solo work to a team-based firm

Blake Oliver

I'm hosting a free webinar on Thursday, September 7, at 12 p.m. EDT focused on strategies for transitioning from solo work to a team-based firm. My guest, Nicole Davis, CEO of Butler-Davis Tax & Accounting, will share practical tips on: Finding and hiring the right candidates Preventing micromanagement Encouraging collaboration Effectively delegating work As a former solo practitioner, I understand the challenges of bringing on your first team members.

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In the blogs: Turning heads

Accounting Today

Incoherent economics; TCC requirements; the remote debate; and other highlights from our favorite tax bloggers.

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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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How to extract pages from PDFs: 5 quick ways

Nanonets

Extract pages from PDFs with our free PDF Splitter!   Try for Free Most of us deal with PDF files regularly. There are always instances when you need to extract specific pages from large PDFs — an expense claim from a bulk download, a page from an academic paper, a table from a lengthy report, or even a recipe from a large cookbook. So, how do you extract a page or a few pages from a PDF?

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How to Nurture Client Relationships

Insightful Accountant

FFP Wealth Management's John Graziano explains how firms can beyond just the numbers and dive into the arts of providing better service and improving client relationships.

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Alternative Currencies

Tipalti

For businesses that handle international transactions, it’s critical to understand alternative currencies and how to perform alternative currency payouts.

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Member Spotlight: First Impressions Matter for First Timers

NACM

At NACM's 127th Credit Congress, several attendees had the opportunity to network and experience a wide variety of educational sessions that applied to industries across the board—including construction, global trade and services.Most attendees at Credit Congress are regulars who come every year. However, this year, roughly 142 first-time att.

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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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What Is A Billing Mediation System & Why Does It Matter?

Billing Platform

A familiar term to most, mediation is the process of settling disputes in order to come to an agreed upon resolution. But what exactly is billing mediation? Moreover, what is a billing mediation system, and why do these systems matter – especially to subscription-based organizations? Built on repeat business, subscription-based businesses require mediation to ensure accurate billing.

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The September CMI Survey is Now Open

NACM

? Credit managers have a special skill that no other professional has—the ability to predict the future. But it's not based on magic. Credit professionals are inherently forward-looking, as they are always concerned with the chances of getting paid in the future. ? It is up to you to share that knowledge! You can do so by participating in NAC.

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The 5 Best Workflow Automation Software in 2023

Nanonets

In the fast-paced world of modern business, the relentless tide of tasks and processes can often feel overwhelming. Imagine this: you're part of a bustling marketing team juggling numerous campaigns, each with deadlines, approvals, and content revisions. Your inbox is flooded with emails, spreadsheets, and project updates, making it a Herculean effort to keep everything on track.