Wed.Dec 06, 2023

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WHO calls for higher taxes on alcohol and sugary drinks

Accounting Today

The World Health Organization said raising excise taxes on alcohol and sweetened beverages is the most effective way to reduce consumption while generating revenue.

Tax 296
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Economic trends to help your business plan for 2024

Xero

The past year has been a bumpy ride for many. Most owners have been focused on maintaining cash flow, as they deal with the combination of rising costs and a limited capacity to lift their prices as customers become increasingly scarce. As 2024 approaches, it’s a good time for small business owners to think about business planning for the next 12 months.

XERO 265
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IRS disallows 20K Employee Retention Credit claims amid crackdown

Accounting Today

The Internal Revenue Service is continuing to combat scammers and promoters encouraging businesses to file claims for the pandemic tax credit.

Tax 319
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Batch Stuck In Posting Dynamics GP (Great Plains) How to Use Batch Recovery

Fidesic blog

If you have a batch that is stuck in posting or has been sent to recovery this post is going to help you figure out how to recover that batch and figure out what is causing the error so you can fix it and post it. You can watch the video or follow the steps below.

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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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From Hollywood Dreams to a Purpose-Driven Tax and Bookkeeping Career

Intuit

Alvin Clavon knows how to navigate the often-twisty roads of life. After college, Alvin secured a job on a TV production set with a cross-country move to a promising career in Hollywood. Alvin quickly learned his first professional lesson: always get an offer in writing. Once in L.A., the deal was off and Alvin found himself looking for work in a hard-to-navigate Hollywood scene. “If I had to describe my journey, it’s been one of searching.

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Private sector added 103K jobs in November as wages grew

Accounting Today

Annual pay rose 5.6% year-over-year, payroll giant ADP reported, seeing signs of a hiring slowdown for next year.

Payroll 277

More Trending

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AICPA proposes framework for stablecoins

Accounting Today

The AICPA has proposed a framework for disclosures related to asset-backed cryptocurrencies, often called stablecoins, centered mainly on an issuer's assets versus outstanding tokens for them.

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Faces in FinOps Podcast: Episode 14 with Steph Gooch

ProsperOps

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Welcome to Episode 14 of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer! In this engaging episode, we’re excited to have Steph Gooch, a Senior Optimization Solution Architect from the AWS OPTICS team, as our special guest. Steph brings a wealth of knowledge and experience in cloud financial management, sharing insights into cost optimization, and financial processes, and fostering a cost-aware

FinOps 130
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How to successfully adopt after-action reviews as a CPA

Accounting Today

Every service-based company — especially a CPA firm — needs to find a way to make after-action reviews a standard practice.

CPA 217
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How Intuit helps tax and bookkeeping pros do their best work

Intuit

I am incredibly honored to lead the Intuit Expert Network, which aims to be the employer of choice for tax and bookkeeping professionals. We connect millions of consumers and small businesses with the expertise they need to face their most important financial challenges with confidence as we fulfill Intuit’s mission to power prosperity around the world and make a difference in the communities we serve.

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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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Swiss bank Pictet to pay $123M to end US tax case

Accounting Today

Federal prosecutors charged Pictet with conspiring to help taxpayers use 1,637 accounts to conceal assets and income from the IRS between 2008 and 2014.

Tax 177
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How to Prepare for an Accounts Receivable Audit

Fidesic blog

Whether internal or external, financial audits can be an extremely stressful time. Accounts receivable auditing is among the most critical of financial audits. An internal AR audit will give deep insight into the business' incoming cash and can be a determining factor in planning the financial future of the company. External audits, such as a government agency audit, will comb through your financial records for fraud and finable mistakes.

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Bonus Vendor Spotlight: TaxBit

Accounting Today

In this truly last Vendor Spotlight of 2023, we talk to Aaron Jacob, head of accounting solutions at TaxBit.

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Murph and Liz Together for Our December 13th QB Talks

Insightful Accountant

Murph will be hosting Liz Scott for December's QB Talks focusing on QuickBooks at Year-end on Wednesday December 13, 2023 at 2:00 PM Eastern time.

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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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Taxpayers in Swiss City can settle bills with Bitcoin, Tether

Accounting Today

The Swiss city of Lugano started to accept cryptocurrencies for paying taxes, fines and all other invoices from the municipality.

Billing 177
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Murph and Liz Together for Our December 13th QB Talks

Insightful Accountant

Murph will be hosting Liz Scott for December's QB Talks focusing on QuickBooks at Year-end on Wednesday December 13, 2023 at 2:00 PM Eastern time.

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M&A roundup: BDO, Sikich and other firms expand

Accounting Today

BDO USA adds Flintech Holdings and Dynamics Beyond; Sikich acquires Golden Trail Advisers; BMSS Advisors & CPAs merges in Haddox Reid Eubank Betts PLLC; REDW adds Grove, Mueller & Swank; Dean Dorton merges in VonLehman; Eide Bailly adds RBTK; Savant Wealth Management acquires Peay & Associates and SwaimBrown Wealth Management; LGA merges in Sullivan; Ryan acquires Morrison & Head; and Hannis T.

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AICPA Blames Boring Accounting Professors for Pipeline Problem

Cloud Accounting Podcast

Blake and David discuss updates from the AICPA's Talent Pipeline Committee, including surprises about the high dropout rate of accounting majors in college. They also explore new custom AI capabilities in ChatGPT that allow users to create specialist bots and speculate on applications for accounting firms. They also cover lawsuits alleging Hollywood accounting tricks used by Disney to deprive financial partners of profits.

CPA 67
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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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Top 8 Programming Languages You Should Know in the AI Age

Invoicera

Are you looking to stay relevant in competitive technology and take your product development skills to the next level? With the rise of artificial intelligence, staying up-to-date on the latest programming languages is more important than ever. Without knowledge of these critical languages, you could fall behind the competition and miss out on essential advancements […] The post Top 8 Programming Languages You Should Know in the AI Age appeared first on PixelCrayons.

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How to select the best Invoice Matching Software?

Nanonets

Typically, the invoicing process follows a sequence of steps that is common across organizations and sectors. However, there can be some variation to this process from team to team. Every invoicing process includes 3 key elements: Purchase order Invoice Payment process These elements will need to be processed through a series of approvals, matching, and verification steps to complete the payment to the supplier.

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Choosing the Best Employee Expense Card for Your Company

Invoicera

In any business, it is very crucial to manage expenses. Thus, companies are always looking for the right tools or ways to manage cash flow, ultimately leading to better financial decisions. One of the ways to manage cash flows is by choosing the best employee expense card. Statistics from a recent survey by ExpenseMate Inc. revealed that 73% of businesses struggle with managing employee expenses effectively, leading to potential financial leakages and administrative headaches.

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How to Raise Prices on Legacy Clients

Future Firm

One of the most challenging moves in any business is raising prices for legacy clients. Find out why and how to navigate this tricky aspect.

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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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People In The News This Week

Insightful Accountant

Both Centri Business Consulting and Docyt have announced major leadership enhancements this week.

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Leveraging HR Automation to Streamline HR Processes

Nanonets

In today's fast-paced environment, Human Resources (HR) departments face the challenge of managing a multitude of tasks while ensuring accuracy, efficiency, and compliance. However, the advent of HR process automation has revolutionized the way HR professionals operate. By harnessing the power of technology and intelligent software, HR process automation streamlines workflows, reduces errors, enhances data accuracy, and ultimately improves the overall employee experience.

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How AR Software Automation Mitigates Outsourcing Challenges

Gaviti

With the move to digital invoices and payments, managing receivables has become increasingly complex. Reconciling invoices and adjusting them on an individual basis, maintaining continuous communication with customers, and keeping track of invoices can end up consuming more time and resources than your A/R team can afford. Outsourcing allows your business to scale as needed and focus those resources on core businesses rather than hiring staff internally.

AR 52