Wed.May 01, 2024

article thumbnail

Biden poised to finalize new electric vehicle tax credit rules

Accounting Today

The U.S. Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday as the Biden administration races to complete regulations ahead of the November election.

Tax 267
article thumbnail

Measuring the Success of Your DE&I Strategy

Insightful Accountant

MassCPA's report highlights DE&I disparities in accounting. 80% of leaders are white, 60% male. Perception gap: 68% of leaders vs. 36% of employees feel empowered. 1 in 10 left due to lack of inclusion measures. Read more about it!

professionals

Sign Up for our Newsletter

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

article thumbnail

AI and accounting: What's next?

Accounting Today

After the recent transformative changes in artificial intelligence, tax and accounting has been frequently cited as one of the most immediate areas for disruption.

article thumbnail

Tax Technology Outlook for 2024

Insightful Accountant

In 2024, tax tech is evolving rapidly with AI, data analytics, and blockchain. Tax pros need to adapt to these innovations for effective use.

Tax 105
article thumbnail

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.

article thumbnail

M&A roundup: EY, CLA, Wipfli and Avantax expand

Accounting Today

Ernst & Young acquired Nuvalence; CliftonLarsonAllen bought Ronald Blue; Wipfli added Harbour Results; and Avantax acquires wealth management business from Integrated Tax & Wealth Strategies.

Tax 204
article thumbnail

QuickBooks and Mailchimp Recognize Small Business Success Month

Insightful Accountant

Intuit will feature a series of activities to recognize small businesses and entrepreneurs' success as part of Small Business Success Month.

More Trending

article thumbnail

Small Business Success Month Survey Findings

Insightful Accountant

Intuit QuickBooks has issued their findings from a recent Small Business Success Month Survey. Accountants, Bookkeepers and ProAdvisors can be proud of how much emphasis SB owners place on their relationship with you.

article thumbnail

Nominations open for Women Who Count Awards

Accounting Today

The deadline for nominations is Aug. 1, and winners will be announced at the Accounting & Financial Women's Alliance's annual Women Who Count conference.

article thumbnail

Perfection Doesn’t Scale

Future Firm

Perfectionism is a common pitfall for accountants, but it stunts business growth. In this episode, I'll share practical tips to overcome it. The post Perfection Doesn’t Scale appeared first on Future Firm.

article thumbnail

'Bitcoin Jesus' charged with evading almost $50M in taxes

Accounting Today

Roger Ver, an early crypto investor who was sometimes referred to as Bitcoin Jesus, has been charged with mail fraud, tax evasion and filing false returns.

Tax 183
article thumbnail

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.

article thumbnail

EntrePass in Singapore: Gateway for Global Innovators and Entrepreneurs

Counto

EntrePass in Singapore: Gateway for Global Innovators and Entrepreneurs The Entrepreneur Pass (EntrePass) is a strategic initiative designed for ambitious foreign entrepreneurs, innovators, and investors looking to launch and operate businesses in Singapore. This guide provides an in-depth look at the EntrePass, offering insights into its application and renewal processes.

article thumbnail

Grants open for tax help for the poor and underserved

Accounting Today

The IRS is taking applications for funds for its Tax Counseling for the Elderly and VITA programs.

Tax 195
article thumbnail

Join me live for "Building a Modern CPA Firm" with Alan Whitman

Blake Oliver

Join me on May 08, 2024, at 10:30 am PST for a live-streamed podcast interview with Alan Whitman, the former CEO of Baker Tilly US. Alan will share his advice for how to transform traditional CPA firms into modern, sustainable, and innovative powerhouses. Topics we’ll cover: Identifying limitations and inefficiencies in traditional CPA firm models Leveraging modern tech and management practices to enhance service delivery and client satisfaction Formulating strategic growth plans for long-term s

CPA 52
article thumbnail

Small things to show clients some love

Accounting Today

What accounting firms can learn from Chick-fil-A and Maya Angelou.

article thumbnail

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.

article thumbnail

Accountingfly Hiring Update: May 2024

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry. Market Trends: Professional Growth Becoming More Important to Candidates; Can Employers Deliver? More Candidates are Prioritizing Upside What are candidates looking for in a new position? Recently, the most common candidate answers have been “a fully remote position” and “work/life balance.

CPA 52
article thumbnail

LogicGate aims to tame AI with new software

Accounting Today

LogicGate released AI governance software to help entities govern and manage implementation of the technology in their organizations.

130
130
article thumbnail

Reasons for the Acute Talent Shortage in Accounting | Accounting Talent Podcast

accountingfly

Join host Rob Brown and co-host Jeff Phillips, CEO of Padgett and Co-Founder of Accountingfly, on the Accounting Talent Podcast as they tackle the burning question: Is accounting doomed due to a talent drought? Together, they dive into the nitty-gritty of the talent shortage in accounting firms, offering hope and actionable solutions. With engaging discussions and real-life stories, this podcast will help leaders navigate the challenges.

article thumbnail

Private sector added 192K jobs in April

Accounting Today

Annual pay increased 5.0% year over year, ADP reported.

Payroll 169
article thumbnail

Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

article thumbnail

QuickBooks Online Recertification 2024 is open

Insightful Accountant

Innovation is rapid. QuickBooks has introduced many enhancements, like QuickBooks Ledger. Stay sharp with recertification to guide clients effectively and be a trusted advisor in the fast-changing tech landscape.

article thumbnail

FieldGuide releases AI 'Insights' solution for accountants

Accounting Today

The AI-driven analytics solution is specifically for accounting firms.

article thumbnail

QuickBooks Invoicing and Payments

Nanonets

Invoicing and managing accounts payable digitally are a fact of life for business owners today, whether a small, local mom-and-pop or an eCommerce juggernaut selling thousands of dollars worth of inventory daily.  Though digitization has come a long way, it hasn’t yet alleviated all the pains associated with balancing the books, keeping vendors happy, and ensuring optimal cash flow – just ask anyone experienced with running their accounts through Excel workbooks.

article thumbnail

Supplies on hand definition

Accounting Tools

Supplies on hand refers to the stock of on-hand supplies of consumable items that is typically maintained by a business to support its operations. Examples of supplies on hand are production supplies, maintenance supplies, and office supplies. Accounting for Supplies on Hand If the cost of these supplies is minor, the cost may be charged to expense as incurred.

article thumbnail

Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

article thumbnail

Yellen defends Biden on tax cuts in face of Republican attack

Accounting Today

Treasury Secretary Janet Yellen came under fire from Republican lawmakers Tuesday over a quip from President Joe Biden about letting tax cuts enacted by predecessor Donald Trump expire.

Tax 169
article thumbnail

Stores definition

Accounting Tools

What are Stores? The stores term refers to the materials maintained by a business in inventory. The term can also refer to the function of holding and issuing inventory, such as a warehousing operation. In either case, an inventory tracking system is needed to ensure that the materials management staff has correct information about the number of units on hand.

article thumbnail

Stage 1 allocation definition

Accounting Tools

What is a Stage 1 Allocation? A stage 1 allocation is the distribution of costs to activities. The concept is used in activity-based costing ; it is a preliminary step in the allocation of overhead. A stage 2 allocation involves distributing the costs of activities to cost objects. Using two stages of allocations is intended to result in more accurate overhead allocations.