Tue.Nov 21, 2023

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IRS delays $600 1099-K threshold for another year

Accounting Today

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

Tax 348
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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

Tax 217
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The returns you'll be filing more (and less) of in 2023

Accounting Today

Five types of return are projected to increase in volume by more than 45% in FY 2023.

Tax 300
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QuickBooks Ledger, the Next Simple, Great Thing

Insightful Accountant

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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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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Planning for next year's tax brackets after the tweaks for inflation

Accounting Today

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

Tax 224
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Breaking News: IRS Delays 1099-K Requirement Again

Insightful Accountant

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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9 Best Client Management Tools for 2024

Invoicera

Do any of these scenarios sound familiar? Struggling to keep track of client interactions, communication, and appointments, leading to missed opportunities? Your team finding it challenging to collaborate and share client-related information? Experiencing difficulties with maintaining client satisfaction and building lasting relationships? Concerned about the security of the client’s data?

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IRS's crypto regs threaten an undue burden

Accounting Today

Among other things, they may unintentionally snare mutual funds, an expert testifies.

Tax 194
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App Academy | Royalwise

Insightful Accountant

Royalwise is becoming an App Partner, offering QBO training to bookkeepers, business owners, and accounting firms. Our courses fill the gaps in knowledge and are NASBA CPE approved.

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Navigating the complexities of CPA firm mergers

Accounting Today

Accounting firms are increasingly looking to M&A as avenues for expansion and improved service offerings.

CPA 171
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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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App Academy | Anchor

Insightful Accountant

Publisher, Gary DeHart, sat with Anchor Co-Founder and CRO and learned what Anchor does and how accounting professionals leverage automations to improve their workflow, cash flow and EBITDA so they can "auto-relax".

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When clients want to break free

Accounting Today

There's a case to be made against iron-clad contracts.

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A Step-by-Step Guide to Identifying Your Ideal Clients

Insightful Accountant

With 316k+ bookkeeping/payroll businesses & 46k+ CPA firms in the US, competition is intense. To grow & charge higher fees, differentiate your brand & business for a healthier bottom line.

CPA 52
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In the blogs: All that looms

Accounting Today

Bumping the 1099-Ks; nonsensical language; showing your appreciation; and other highlights from our favorite tax bloggers.

Tax 126
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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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Automating AP Approval Process: Enhancing Efficiency for Faster Invoice Approvals

Nanonets

The AP approval process is the workflow for getting authorization to pay vendor invoices (with credit payment terms) that are included in accounts payable before being paid. Automating the accounts payable approval process in your company is essential because it saves significant time, reduces costs, improves cash flow management, strengthens internal controls , and improves supplier satisfaction.

AP 52
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Boulder Valley CPAs and Accountability Services Announce Strategic Merger

Insightful Accountant

In a landmark move, Boulder Valley CPAs and Accountability Services have announced a merger that is set to redefine the landscape of the public accounting profession.

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What's New in QuickBooks from Connect | Firms Turning Away Work Due to Staffing Shortages

Cloud Accounting Podcast

We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. Finally, we discuss the disruption of Alphabet's main search business by Microsoft, Amazon, and Apple in the AI-powered assistant space.

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Exciting Changes Coming to QuickBooks ProAdvisor Program!

Insightful Accountant

Join us as we unveil the upcoming revamp of the QuickBooks ProAdvisor program, now in its impressive 26th year!

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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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5 Powerful Tips to Unlock the Power of Xero for Your Accounting Needs

Outsourced Bookeeping

Using Xero accounting software to its full potential requires more than just expertise, it involves utilizing a technology that is redefining accounting. Discover five efficient strategies in this guide that may assist you in getting the most out of Xero for your accounting needs. These suggestions are designed to advance your accounting skills, regardless of whether you’re looking to improve financial management efficiency, explore smart reporting, or streamline procedures.

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