Thu.May 23, 2024

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IRS tax audits may show unintended racial, ethnic bias

Accounting Today

The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.

Auditing 314
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AccountingDepartment.com Earns a Spot on the Woodard 2024 Top 50 Accounting Services Practice List

Accounting Department

We are thrilled to announce that AccountingDepartment.com has been awarded a spot on the Woodard 2024 Top 50 Accounting Services Practice list. Earning this distinction is a testament to AccountingDepartment.com's commitment to excellence for its clients.

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Two-thirds of businesses say audits hinder growth

Accounting Today

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

Auditing 309
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Tips from our own London local to help you make the most of Xerocon

Xero

Xerocon London 2024 is nearly here! World class speakers, innovative new tools and workflows, and a chance to connect with community peers, thought leaders and industry experts. From embracing uncertainty and the new frontiers of technology, to mastering app stacks, this year’s Xerocon is set to bring more inspiration and innovation than ever before.

XERO 175
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5 Steps to Shield Your Business: The Ultimate Guide to Avoiding Payment Fraud

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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Financial professionals need collaborative strategies

Accounting Today

Barriers keep CPAs, attorneys, financial advisors and brokers from communicating effectively for their client's benefit — and the benefits of collaboration are significant.

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Intuit Aligns TurboTax and Credit Karma to Create Seamless End-to-end Consumer Experiences

Intuit

To significantly accelerate creating seamless, end-to-end consumer experiences that customers benefit from year-round, Intuit is more closely aligning TurboTax and Credit Karma under Mark Notarainni, executive vice president and general manager of the Consumer Group. Joe Kauffman, currently President of Credit Karma, has been named CEO of Credit Karma, effective August 1, 2024.

Tax 130

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Woodard® announces the keynote speakers for the 2024 Scaling New Heights® conference

Insightful Accountant

Scaling New Heights® conference will be held June 16-19, 2024, in Orlando, Florida and will feature some of the most inuential and dynamic voices in accounting, bookkeeping, and business to encapsulate their theme of “Boldly Go”.

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AICPA names Carla McCall as new chair

Accounting Today

The American Institute of CPAs elected the managing partner of AAFCPAs as its next chair.

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The Power of Words: How to Build Trust & Empathy In Healthcare

RevCycle

In the realm of healthcare, customer service takes on a whole new meaning. It’s not just about resolving billing issues or appointment scheduling; it’s about navigating sensitive situations, fostering trust, and providing a sense of comfort during a potentially stressful time. Here’s where the power of words comes into play. Words Can Build Bridges (or Walls) The language we use in healthcare customer service has a profound impact on patients.

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AI tools that find answers, suggest tax strategies and draft emails for you

Accounting Today

Available technology solutions could boost professionals' efficiency in serving their clients — but only if financial advisors and their customers are open to them.

Tax 220
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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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QuickBooks Enterprise Silver, Gold, Platinum, and Diamond: What’s the Difference?

Ace Cloud Hosting

QuickBooks Enterprise is a powerful accounting software designed for midsized to large businesses. It has the most advanced features compared to other editions of QuickBooks. Its core functionalities encompass advanced.

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KKR signs private credit loan for Australia's MYOB

Accounting Today

The private equity giant acquired the accounting software firm in 2019.

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CCH ProSystem fx Hosting Benefits: Top Reasons to Move on Cloud

Ace Cloud Hosting

For tax professionals and firms, efficiently managing large volumes of paperwork, saving multiple forms, and maintaining various documents can be daunting. During the hectic tax season, gathering all this information.

Tax 81
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New York City's tourists fuel record $4.9B in tax revenue

Accounting Today

Tourists are expected to generate a record $4.9 billion in sales and other tourism-related tax revenue in the current fiscal year, a 16% jump from 2020.

Tax 159
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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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CAS vs. CAAS vs. Profit First w/ Ron Saharyan

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello welcomes back Ron Saharyan , co-founder of Profit First Professionals. They explore the concept of value pricing and its importance in pricing services based on the value provided. The conversation delves into various topics, with a promise of exciting announcements between Jetpack and Profit First at the end of the episode.

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Hunter Biden criminal tax trial postponed to Sept. 5 in Los Angeles

Accounting Today

President Biden's son had been scheduled to go on trial on June 20 on charges he failed to pay $1.4 million in taxes from 2016 to 2019.

Tax 159
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How To Streamline Your Tree Service Business with Automated Invoice Processing

Outsourced Bookeeping

Are you and your employees bogged down with the task of invoice management instead of attending to the actual tree service operations? There are several daily challenges when it comes to managing a tree service business, from scheduling to meeting customers’ needs. Why waste time on invoice issues and payment management when all of these tasks can be automated?

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Intuit to cease QuickBooks Desktop 2021 support May 31

Accounting Today

Intuit will cease support for QuickBooks Desktop 2021 starting next Friday, May 31

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Evaluating Top Medical Billing Software for Healthcare Providers

Invoicera

Introduction Healthcare professionals running a medical practice often struggle with maintaining operational efficiency while providing quality care to patients. This is why they need medical billing software to automate and optimize the billing process. The right medical billing software can streamline the billing process, saving time and improving accuracy.

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Tax Fraud Blotter: Pure fabrications

Accounting Today

Collared; gone deep; to protect and disserve; and other highlights of recent tax cases.

Tax 171
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Accounts Receivable Benefits

oAppsNet

In today’s fast-paced business environment, managing accounts receivable (AR) effectively is more critical than ever. AR is a fundamental aspect of a company’s financial health, the balance of money due to a firm for goods or services delivered but still needs to be paid for by customers. Efficient AR management ensures a steady cash flow, strengthens customer relations, minimizes risk, and offers strategic advantages.

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Top Remote Accountants for Hire | May 23, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Bulletproof Electric: How Invoice Funding Kept Them in Business

FundThrough

Quick Snapshot Company: Bulletproof Electric, LLCLeadership: Eli Hericks, ownerIndustry: Electrical Services for Oil and GasChallenge: Managing extended payment terms, payroll, and large-scale project financingSolution: Personalized invoice factoring through FundThroughImpact: Enhanced business operations, employee satisfaction, client credibility, and growth Introduction Bulletproof Electric is a small business that serves Northeastern Colorado’s oil and gas sector.

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Finout Raises $26M Series B to Lead the Future of FinOps

finout

I am thrilled to share that we have raised $26.3 million in our Series B funding round. This remarkable achievement was made possible by the support of RedDot Capital, Maor Investments, and our dedicated existing investors, Team8, Pitango, and Jibe Ventures.

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The Great Compression: AI’s Radical Rebirth of Work

Counto

The Great Compression: AI’s Radical Rebirth of Work Earlier this year, we at Counto came to a profound realisation: we are in the midst of the Great Compression. This era is characterised by the rapid integration of AI agents, poised to replace up to 90% of service workers within the business processes they currently drive. This transformation is not just a technological shift but a fundamental change that will reshape industries, economies, and the very nature of work.

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Maximizing New Small Business 401(k) Tax Credits

Insightful Accountant

Under the SECURE 2.0 Act, small businesses offering qualified retirement plans like 401(k)s may now qualify for tax credits to reduce plan costs.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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The Startups Seeking to Dethrone QuickBooks

Cloud Accounting Podcast

Blake and David dig into reports from the Illinois CPA Society and National Pipeline Advisory Group highlighting issues like long work hours, the 150-hour rule, and low starting salaries. They examine the potential disruption of traditional accounting software by startups and vertical SaaS companies offering embedded accounting functionality and review some of the CPA Practice Advisor Readers' Choice Awards.

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Sage's Net-Zero Target Receive SBTi Validation

Insightful Accountant

Sage has confirmed its net-zero targets have been validated by the Science Based Targets initiative (SBTi).

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The Power of Financial Models

Ontrack Bookkeeping

Financial models are invaluable tools designed to help you understand and project the financial health of your business. By simulating different scenarios and examining potential outcomes based on various inputs like sales growth, margins, and cash flow, these models provide a comprehensive picture that aids in informed decision-making. Practical steps for leveraging financial models: 1.

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Remembering Memorial Day 2024 and Forever More

Insightful Accountant

Murph recalls growing up with memories of Memorial Days and understanding what the holiday truly meant.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively