Fri.Dec 08, 2023

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IRS Appeals office sets priorities for next year

Accounting Today

The Internal Revenue Service's Independent Office of Appeals hopes to improve taxpayer service next year and improve the experience of its workforce.

Tax 286
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AI in Accounting

Insightful Accountant

AI revolutionized industries worldwide, including accounting. BrightReturn recognizes the need for AI, Automation, and other technologies in the accounting field to gain a competitive edge.

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The 2023 Top 100 Most influential People in Accounting

Accounting Today

Accounting Today's annual collection of the thought leaders and changemakers who are shaping the profession — and their snacks.

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AWS Graviton 4, Trainium 2 Chips to Power Generative AI

Economize

AWS recently introduced two groundbreaking chips at ReInvent 2023: the Graviton 4 and Trainium. Graviton 4 and Trainium 2 are designed to meet specific needs: Graviton 4 for energy-efficient batch processing across various workloads, and Trainium for optimized machine learning training.

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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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Are your clients ready for the beneficial ownership information report?

Accounting Today

With steep civil penalties of up to $500 per day for each day a BOI report is late, business owners will want to make sure they get theirs in on time.

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Save Time With AI: Explaining Basis to a Non-Accountant

Blake Oliver

Do clients struggle to understand accounting and tax concepts? AI can help provide simple, plain English explanations, saving you time. Here's an example. I spotted this question from a CPA on Twitter: Any good plain-English way to explain basis? Clients find it hard to grasp w/out getting technical or drawing it. It's been an issue with losses, zero basis, and/or EIDL-funded distributions.

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Freelancer’s Guide to Invoicing: Tips and Tools

Invoicera

According to a survey by PayPal, freelancers spend an average of 36 days per year solely on administrative tasks, with a significant portion dedicated to invoice creation. Hey there, fellow freelancer! Do you also spend a lot of time calculating your work hours and converting them into an invoice? In the freelancing world, we know there are a lot of other challenges, such as: Late payments Inconsistent cash flow Creating professional invoices Different projects with different prices But you are

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Employers added 199K jobs in November, but cut 2,500 in accounting

Accounting Today

The unemployment rate declined two-tenths of a point to 3.7% in a sign of a strong economy despite high interest rates.

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The 12 taxing days of Christmas

Accounting Fun

A few years ago Emily Coltman of FreeAgent analysed the tax consequences of every one of the gifts mentioned in the classic song “The Twelve Days of Christmas”. Emily imagined that the minstrel, whose "true love" gave all these gifts, needs help completing a tax return. What, imagined Emily, would be the income tax and VAT rules applicable to the gifts that make up the famous festive menagerie?

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Top New Products 2024: Call for nominations

Accounting Today

Accounting Today has issued a call for submissions for its 2023 Top New Products report.

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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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Cost of goods available for sale definition

Accounting Tools

What is the Cost of Goods Available for Sale? The cost of goods available for sale is the total recorded cost of beginning finished goods or merchandise inventory in an accounting period, plus the cost of any finished goods produced or merchandise added during the period. This information is used to derive the cost of goods sold for any reporting period.

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Tech News: Ledgible launches transaction table

Accounting Today

Ledgible improves transaction table; Wolters Kluwer's emissions reduction targets validated by SBTi; and other updates from the accounting technology world.

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Earned capital definition

Accounting Tools

What is Earned Capital? Earned capital is a company's net income , which it may elect to retain as retained earnings if it does not issue the money back to investors in the form of dividends. Thus, earned capital is essentially those earnings retained within an entity. Earned capital is negative if a company is recording losses, and is positive if the company is generating profits and has not issued all of the profits as dividends.

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CPA execs uncertain on economic outlook in 2024

Accounting Today

Business leaders who are also CPAs are unsure about the direction of the U.S. economy next year.

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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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Decoding the Intricacies of Healthcare Billing: Navigating Claims Denials and Revenue Cycle Management

SSI Healthcare Rev Cycle Solutions

Decoding the Intricacies of Healthcare Billing: Navigating Claims Denials and Revenue Cycle Management Home / December 8, 2023 Healthcare billing is a vital function in the medical administration ecosystem, playing a crucial role in sustaining the financial health of healthcare organizations. This complex process, integrating both institutional and professional billing practices, is foundational to healthcare technology and finance.

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On the move: Centri appoints first president

Accounting Today

Brown Schultz Sheridan & Fritz renames firm; Weaver moves into new Texas office; and more news from across the profession.

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RF&F acquires Mister, Burton & Associates

Accounting Today

Rosen, Sapperstein and Friedlander, a Regional Leader based in Towson, Maryland, is buying MBA, a firm based in Cockeysville.

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Hunter Biden indicted in tax case as White House woes mount

Accounting Today

President Joe Biden's son Hunter was indicted on nine federal tax charges in a development that will become a political headache for the White House and Democrats as the 2024 campaign ramps up.

Tax 286
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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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Trump's expert accounting witness trashes NY's 'absurd' fraud case in court clash

Accounting Today

A prominent NYU accounting professor who is being paid to testify in Donald Trump's defense in a civil fraud trial heaped praise on the former president's financial records for hours under oath.