Tue.Jan 16, 2024

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IRS and Treasury give businesses reprieve on digital asset reporting

Accounting Today

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

Tax 330
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Don’t Forget About K-2 and K-3

Insightful Accountant

Recent filing instructions include a domestic filing exception, potentially exempting domestic passthrough entities if they meet the criteria.

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Congressional leaders agree on tax extenders deal

Accounting Today

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

Tax 327
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How To Get Vendors To Pay On Time, Every Time

The Successful Bookkeeper

After providing great services, it's really frustrating not to get paid on time, isn't it?

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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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Hyundai offers $7,500 cash bonus for EVs to match US tax credits

Accounting Today

The Korean company is seeking to keep its cars competitive with automakers qualifying for tax credits under the Inflation Reduction Act.

Tax 305
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Top 15 Tax Season Tips For Busy Accountants That You Haven’t Heard Of

Ace Cloud Hosting

The tax season is not far away. Like every year, the tax preparers are gearing up to beat this hectic time by eliminating any chink in their armor. So, as.

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Top 11 Benefits of Drake Tax Software on Cloud for Tax Preparation

Ace Cloud Hosting

One of the leading tax software programs, Drake enables CPAs, individual tax preparers, and business owners to simplify tax operations efficiently. Features like Drake Tax Planner, Drake Scheduler, etc., play.

Tax 59
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From Starbucks to cash cards, small perks can boost 401(k) enrollment

Accounting Today

Retirement plan sponsors and their financial advisors receive guidance from the IRS on how the Secure 2.0 Act opened the door for "de minimis financial incentives.

Tax 226
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2024 Revenue Cycle Management Challenges and Emerging Trends

SSI Healthcare Rev Cycle Solutions

2024 Revenue Cycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Marketing Manager at The SSI Group, LLC Welcome to the healthcare landscape of 2024 – a complex terrain where high stakes meet numerous challenges, defining a dynamic and demanding era in healthcare. This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenue cycles more efficie

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Fujitsu says it will pay compensation in post office scandal

Accounting Today

Hundreds of sub-postmasters in the U.K. were wrongfully prosecuted for theft and false accounting after computer glitches led to shortfalls in their accounts.

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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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Murph Hosts Today's ProAdvisor Meetup

Insightful Accountant

Murph is inviting you to a ProAdvisor Meet-up for an "open microphone' edition of QB Talks. He wants your thoughts on Awards, ProAdvisor Program changes and QuickBooks Desktop Pro/Premier and Payroll changes.

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Trivium merges in Lyons & Lyons and Paradigm

Accounting Today

The Connecticut-based financial advisory firm has added a CPA firm and a registered investment advisory firm.

CPA 226
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3 Singapore Government Grants for Startups to Know

Counto

3 Singapore Government Grants for Startups to Know Setting up a new business in Singapore can be exciting. However, there’s one essential element that can often make or break a startup’s success – funding. For budding entrepreneurs, the Singapore government offers a supportive hand through an array of grants designed to fuel growth and innovation.

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Young staff need to be in the office because of AI, says PwC's UK boss

Accounting Today

Kevin Ellis is adamant that younger staff in particular should avoid the temptation of working from home.

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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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9 AI Applications in Construction

AvidXchange

Artificial Intelligence (AI) is revolutionizing the construction industry, bringing positive impacts to areas like administration, logistics and project management to name a few. AI applications in construction are delivering better overall outcomes for projects, helping businesses save money and build efficient processes. Consider the following AI applications in construction if you’re ready to harness its power within your organization.

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Marcum acquires Federman, Lally & Remis

Accounting Today

The New York-based Top 20 Firm has acquired a firm headquartered in Farmington, Connecticut.

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Things You Should Do Before Starting a Tech Startup in Singapore

Counto

Things You Should Consider Before Starting a Tech Startup in Singapore With its business-friendly environment, robust tech ecosystem, and government support, Singapore is an ideal destination for tech entrepreneurs. However, before embarking on your startup journey, there are essential factors you should consider to ensure a successful launch and sustained growth.

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Gen-AI: Good for profits, bad for society?

Accounting Today

A set of surveys has found that businesses are highly optimistic about the ability for generative AI to drive profits, but they're highly pessimistic about the wider social effects.

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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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Catch our upcoming webinars this week!

Insightful Accountant

Catch three of Insightful Accountant’s Webinars this week. Here’s a sneak peek of what our webinars have in store for you.

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New valuation frameworks are needed as climate accounting pressure heats up

Accounting Today

Investors must account for the impact of transition risks on existing investments, including potential costs to remediate or decommission assets that would otherwise remain productive.

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Free Online Video: Webinar on 2023 Form 1099-K Rules for Payment App and Online Marketplace Users

Insightful Accountant

IRS Releases Free Online Video: 2023 Form 1099-K Webinar Covers Payment App and Online Marketplace Income Reporting

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Thomson Reuters outbids rivals, says it owns 53% of Pagero

Accounting Today

Thomson Reuters was the winner of a bidding war to acquire a majority stake in Swedish e-invoicing and tax solutions firm Pagero.

Invoicing 131
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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.

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A Comprehensive Vendor Reconciliation Guide

oAppsNet

Vendor reconciliation serves as the compass that ensures a company’s financial records align seamlessly with those of its vendors. This comprehensive guide explores the nuances of vendor reconciliation, providing businesses with insights and strategies to navigate the complexities of financial accuracy effectively. Foundational Steps for Vendor Reconciliation 1.

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AssetMark adds tax management services to portfolio tools

Accounting Today

The TAMP developed its new tools after consulting with a group of financial advisors on the design and functions.

Tax 136
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AP Automation for QuickBooks

Tipalti

Get the most out of your Quickbooks software by leveraging the best AP automation for Quickbooks. Streamline your accounts payable processes and maximize profits.

AP 40
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In the blogs: Same stuff, different year

Accounting Today

Swag taxes; audit ROI; your best reading for 2024; and other highlights from our favorite tax bloggers.

Auditing 131
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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!

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The 10 Best Workflow Automation Software in 2024

Nanonets

In the fast-paced world of modern business, the relentless tide of tasks and processes can often feel overwhelming. Imagine this: you're part of a bustling marketing team juggling numerous campaigns, each with deadlines, approvals, and content revisions. Your inbox is flooded with emails, spreadsheets, and project updates, making it a Herculean effort to keep everything on track.