Tue.Oct 29, 2024

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TCJA extension or sunset: Gamechangers for professional athletes

Accounting Today

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

Tax 317
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Google Cloud Invests in FOCUS and GenAI to Drive the Future of FinOps

FinOps Foundation

Key Insight: Google Cloud is investing in data to help FinOps Practitioners drive the next level of business innovation. At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with Pravir Gupta , VP of Engineering at Google Cloud, to ask what he thinks the Future of FinOps will look like. Pravir noted that customer expectations are evolving; Practitioners need more granular and more real-time data so they can properly forecast, allocate, and

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professionals

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FASB proposes update on accounting for software development

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

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Improving your Cash Application Processes

oAppsNet

If you’re like most businesses, your cash application process probably isn’t as efficient as it could be. Many companies struggle to reconcile incoming payments, match them to the correct customer accounts, and ensure everything is accounted for in real-time. The result? Delays in cash flow, errors, and frustration for both your team and your customers.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Thomson Reuters makes major investment in AI cross-selling software

Accounting Today

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

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Why CFOs Must Prioritise Their Own Efficiency: The Importance of AP Automation

Compleatable

They say that doctors make the worst patients. While I can’t confirm whether this is true, the analogy resonates deeply with me as a CFO. Just like doctors may meddle in their own diagnoses, we finance professionals often neglect our own needs, especially when it comes to the resources that would make our jobs easier. Let me explain. As finance experts, we excel at building robust budgets and forecasts.

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Top Best Lacerte Add-ons for Accountants and Tax Preparers

Ace Cloud Hosting

Lacerte is a renowned professional tax preparation software offered by Intuit. It provides features and tools for error diagnosis, automated calculations, tracking missing data, tax law alerts, and more. It.

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Small biz job growth impacted by hurricanes

Accounting Today

Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.

Payroll 287
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Warehouse Wednesday: Autonomous Warehouse Robots

Insightful Accountant

Cyngn is bringing autonomous warehouse robots into reality just like Tesla is bringing autonomous commercial vehicles into reality.

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10M more 1040s by 2031

Accounting Today

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.

Tax 240
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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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Breaking News: ProAdvisor to Return to QuickBooks Badges

Insightful Accountant

Good news for hundreds of thousands of ProAdvisors, the term ProAdvisor is making its way back onto the New Badges and Certificates that have appeared over the last week or so.

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In the blogs: Are we ready?

Accounting Today

Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.

Tax 182
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Tech Solutions for Small Tax Practices: Expert Insights with Christine Gervais

Insightful Accountant

In this episode of the Accounting Insiders Podcast, Gary DeHart sits down with CPA doctoral candidate Christine Gervais to address the biggest technology challenges facing small tax practices.

Tax 52
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Herbein acquires Bumpers

Accounting Today

The Pennsylvania-based Regional Leader is expanding to Delaware.

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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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Crunch Numbers, Not Time: Become a BooXkeeping Franchise Owner

Insightful Accountant

The bookkeeping industry is expanding rapidly, with more small and medium-sized businesses recognizing the value of outsourced financial services. Owning a BooXkeeping franchise offers a unique opportunity to leverage your expertise.

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US, Taiwan to begin talks on a deal to address double taxation

Accounting Today

Taiwan's firms see high U.S. taxes as a major impediment to additional investment in America.

Tax 173
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Announcing the 2024 winners of the Xero Beautiful Business Fund

Xero

We’re thrilled to announce the global and country winners of the 2024 Xero Beautiful Business Fund, who each share in the NZ$750,000 total prize pool. We were blown away by the entries from passionate small businesses and non-profits across seven countries. Our judging panels were both inspired and challenged by the task of selecting 28 exceptional winners.

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How American tax breaks brought a Chinese solar energy giant to Ohio

Accounting Today

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

Tax 173
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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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Beginner's Guide to Claude 3.5 Sonnet and Haiku (New)

Nanonets

What are Claude 3.5 Sonnet and Haiku ? Claude 3.5 Sonnet (New) and Claude 3.5 Haiku are Anthropic's new advanced Large Language models, among which Claude 3.5 Sonnet (New) is an upgraded version of Claude 3.5 sonnet. It offers greater efficiency, nearly doubling speed and enhancing comprehension of complex and conversational contexts. Claude 3.5 Sonnet now delivers significantly improved performance on coding and tool use tasks.

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Enhance your firm's client experience

Accounting Today

Your clients have options, and the experience you offer can make and keep you the clear choice.

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