Accounting Today news quiz: May 23
Accounting Today
MAY 23, 2024
Test your accounting knowledge on AI job opportunities, M&A, and more. No. 2 pencil not required!
Accounting Today
MAY 23, 2024
Test your accounting knowledge on AI job opportunities, M&A, and more. No. 2 pencil not required!
Accounting Department
MAY 23, 2024
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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Accounting Today
MAY 23, 2024
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.
Intuit
MAY 23, 2024
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.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Accounting Today
MAY 23, 2024
Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.
Insightful Accountant
MAY 23, 2024
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”.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Ace Cloud Hosting
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
The private equity giant acquired the accounting software firm in 2019.
Ace Cloud Hosting
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
Barriers keep CPAs, attorneys, financial advisors and brokers from communicating effectively for their client's benefit — and the benefits of collaboration are significant.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
RevCycle
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
Available technology solutions could boost professionals' efficiency in serving their clients — but only if financial advisors and their customers are open to them.
Jetpack Workflow
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
Intuit will cease support for QuickBooks Desktop 2021 starting next Friday, May 31
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Insightful Accountant
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
Collared; gone deep; to protect and disserve; and other highlights of recent tax cases.
Outsourced Bookeeping
MAY 23, 2024
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?
Accounting Today
MAY 23, 2024
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.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Invoicera
MAY 23, 2024
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.
Accounting Today
MAY 23, 2024
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.
Insightful Accountant
MAY 23, 2024
Sage has confirmed its net-zero targets have been validated by the Science Based Targets initiative (SBTi).
oAppsNet
MAY 23, 2024
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.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Insightful Accountant
MAY 23, 2024
Murph recalls growing up with memories of Memorial Days and understanding what the holiday truly meant.
accountingfly
MAY 23, 2024
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!
FundThrough
MAY 23, 2024
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.
finout
MAY 23, 2024
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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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
Counto
MAY 23, 2024
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.
Invoicera
MAY 23, 2024
Introduction Handling the billing and invoicing process can be a huge challenge for companies with a complex pricing structure, different sources of income, or many customers. Manually monitoring invoices, payments, and subscriptions can lead to human error, delays, and customer dissatisfaction. A study reveals that the average cost of a manual invoice process is $15 and may go higher because of errors and inefficiencies.
Cloud Accounting Podcast
MAY 23, 2024
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.
Ontrack Bookkeeping
MAY 23, 2024
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.
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
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