Thu.May 09, 2024

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From Super Nintendo to Silicon Valley: Petagae Butcher on paving a career in tech

Intuit

This interview was originally published on POCIT. Petagae Butcher’s introduction to technology started with a love of Super Nintendo in the 90s. She later graduated from the University of Central Florida with a degree in Management Information Systems, initially majoring in Computer Programming, finding her niche bridging the technology and business worlds.

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CLA acquires AI company Engine B

Accounting Today

CliftonLarsonAllen, a Top 10 Firm, has acquired Engine B, a London-based company that helps accounting firms get more insights from their clients' data, effective May 1.

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Contributing App Analysts for eCommerce Needed

Insightful Accountant

While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.

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House approves repeal of SEC crypto rule

Accounting Today

The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.

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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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Reporting expenses by function

Accounting Tools

What Does it Mean to Report Expenses by Function? When expenses are reported by function, they are being reported by the type of activity being conducted. Examples of income statement line items that are presented by function are administrative expenses , financing expenses, manufacturing expenses, marketing expenses, and selling expenses. Or, a nonprofit entity that reports expenses by function could do so by aggregating its expenses into the following general functions: Programs, fund raising,

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IRS adjusts HSA amounts for inflation in 2025

Accounting Today

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

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Foreign tax credits intersect with global minimum taxes

Accounting Today

The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.

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Acquisition integration guide and checklist

Accounting Tools

Acquisition integration is the process of combining the operations and systems of an acquired business with those of the acquirer. This is needed so that the acquirer can achieve benefits from its acquisition as soon as possible. There are a number of steps involved in acquisition integration, of which the following are the most essential. Step 1: Appoint an Integration Manager Assign the integration task to one of the acquirer's managers who has significant experience and seniority within the c

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Sikich gets $250M PE funding from Bain

Accounting Today

Sikich LLC, a Top 50 Firm based in Chicago, has snagged a $250 million minority investment from private equity firm Bain Capital to fund further acquisitions and growth, becoming the latest in a series of firms to score PE money.

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The elements of financial statements

Accounting Tools

What are the Elements of Financial Statements? The elements of financial statements are the general groupings of line items contained within the statements. These groupings will vary, depending on the structure of the business. Thus, the elements of the financial statements of a for-profit business vary somewhat from those incorporated into a nonprofit business (which has no equity 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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Ohtani interpreter to plead guilty to bank fraud

Accounting Today

An interpreter for the Los Angeles Dodgers star has agreed to plead guilty to criminal charges including filing a false tax return after secretly transferring about $17 million from the player's account to pay off gambling debt.

Tax 271
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How to Get Things Done When You Feel Overwhelmed

Insightful Accountant

Tax pros post-tax season: vacation or dive into to-do list? Heavy workload can overwhelm, hindering productivity. Strategic techniques help navigate overwhelm efficiently and reduce stress.

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Tax Fraud Blotter: Lots of energy

Accounting Today

Bodies of evidence; the Ultimate crime; one expensive ghost; and other highlights of recent tax cases.

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Unlocking the Secrets of Advisory, Niching Down, and Communication w/ Geni Whitehouse

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello welcomes back Geni Whitehouse, founder of The Impactful Advisor and Information Technology Alliance (ITA) president, who specializes in the wine industry. Geni, also known as the Countess of Communication and author of “ How to Make a Boring Subject Interesting: 52 Ways Even a Nerd Can Be Heard ,” discusses the latest trends in her membership base, the importance of niche a

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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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Tax Strategy: A look back at the 2024 tax season

Accounting Today

Overall, a better experience, but there were still some bumps on the road to April 18.

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Top Remote Accountants for Hire | May 9, 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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What is invoice fraud and how can you avoid it?

Accounting Today

The first step in identifying invoice fraud and stopping it is knowing what you're looking for.

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An Expert Guide to Setting Up a Retail Outlet in Singapore

Counto

An Expert Guide to Setting Up a Retail Outlet in Singapore Singapore’s vibrant retail landscape presents a plethora of opportunities for entrepreneurs eager to establish a retail outlet. Whether you are launching a physical store or an online platform, understanding the regulatory, operational, and strategic aspects is crucial. This guide provides a detailed overview of the necessary steps and considerations for starting a retail business in Singapore.

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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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Why does accumulated depreciation have a credit balance on the balance sheet?

Accounting Tools

Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset. This account is paired with the fixed assets line item on the balance sheet , so that the combined total of the two accounts reveals the remaining book value of the fixed assets. Over time, the amount of accumulated depreciation will increase as more depreciation is charged against the fixed assets, resulting in an even lower remaining book value.

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60% of Corporate Tax Professionals Believe in Value of GenAI

Insightful Accountant

A new 'Generative AI' report from Thomson Reuters shows 60% of corporate tax professionals now believe Gen AI should be applied to their work, up from 53% in 2023.

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How Does Accounts Receivable Work?

oAppsNet

Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies. By comprehensively exploring its facets, readers will understand how accounts receivable functions within a business context, empowering them with knowledge to enhance financial

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Management's discussion and analysis definition

Accounting Tools

What is Management’s Discussion and Analysis? Management's discussion and analysis is part of the disclosures section of the financial statements , in which prior period performance and projected results are discussed. This is one of the most closely reviewed parts of the financial statements, since a reader can interpret from it the opinions of management regarding the performance and future prospects of a business.

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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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Transforming GovCon Accounting with Technology

Accounting Department

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.

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Cost-benefit analysis definition

Accounting Tools

What is a Cost-Benefit Analysis? Cost-benefit analysis involves weighing the costs associated with a decision against the benefits arising from that decision. The analysis is used to decide whether to proceed with a course of action or not. Cost-benefit analysis can include both quantitative factors and qualitative factors. For example, the analysis of a decision to construct a facility in a particular city could include quantitative factors, such as the amount of tax breaks that can be obtained

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SEC Charges Trump's Audit Firm with Massive Fraud

Cloud Accounting Podcast

The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal.