Tue.Jan 23, 2024

article thumbnail

IRS aims to simplify tax notices

Accounting Today

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.

Tax 326
article thumbnail

Xero briefs new business Ministers on growing small business productivity

Xero

Xero provided a Briefing to Incoming Ministers (BIM) (Hon Nicola Willis, Hon Judith Collins, Hon Melissa Lee, Hon Andrew Bayly, and Hon David Seymour) in late 2023 which was focused on the challenges our small businesses face and the crucial role the government can play in driving solutions. Small businesses play a fundamental role in supporting our local communities, fostering innovation and driving productivity.

XERO 172
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RSM sees global revenue grow 16% to $9.4B

Accounting Today

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

Auditing 300
article thumbnail

Intuit Announces New Economic and Small Business Job Data for 2023Q4

Insightful Accountant

As accountants look ahead to the upcoming year, it’s important for them to note what the current landscape looks like for their small business clients. That's why you may find this 4th-Quarter data from 2023 beneficial.

article thumbnail

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.

article thumbnail

Curtailing the ERC to pay for taxpayer benefits

Accounting Today

An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.

Tax 294
article thumbnail

What are SMBs Looking for in their Accounting Firm?

Insightful Accountant

A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.

More Trending

article thumbnail

Pay Transparency Website Levels Playing Field for Accountants

Cloud Accounting Podcast

Dominic Piscopo is the founder of Big4Transparency.com, an accounting salary transparency website. Dominic was inspired to start the site based on his experience discovering the disparity in compensation between his accounting job and what other accountants were making in the same city. To date, Big4Transparency.com has collected over 13,000 salary data points.

article thumbnail

FAF revamps FASB website

Accounting Today

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

article thumbnail

14 Proven Strategies for Growing a Tax Practice

Jetpack Workflow

If you’re a new firm owner starting to — or struggling to — grow your tax business, you may wonder what scaling a firm actually looks like in practice. Do you need to niche down immediately? Should you ask new clients for referrals right away? Can you put your website on the back burner for now? On Jetpack Workflow’s Growing Your Firm podcast, we recently interviewed 4 expert accountants who once had similar questions.

Tax 59
article thumbnail

Americanas probe circles around ex-CEO now living in Spain

Accounting Today

In the year since a 25 billion reais ($5 billion) accounting fraud scandal erupted at his former company and tarnished the reputation of its billionaire shareholders, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

article thumbnail

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.

article thumbnail

Zapier + QuickBooks: Accounting automation workflow ideas

Nanonets

Automation in accounting? A game-changer! Imagine invoice processing costs dropping from  $40  to  $1.42  each. That's why accounting automation is among the hottest trends today. QuickBooks Online is a powerhouse in accounting, but pair it with Zapier's automation magic, and you get an unstoppable duo. You can connect QuickBooks with over 5000+ apps — no code needed.

article thumbnail

ADM accounting probe highlights struggle to expand

Accounting Today

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

article thumbnail

Why Vendor Reconciliation Matters

oAppsNet

Vendor reconciliation is one choreography that stands out in the intricate dance of financial transactions. It’s not just a meticulous balancing act; it’s a critical process that is profoundly important for businesses. This comprehensive exploration delves into the layers of why vendor reconciliation matters, unraveling the significance that goes beyond mere numbers. 1.

article thumbnail

EAs face end-of-month renewal deadline

Accounting Today

Among others, Enrolled Agents with Social Security numbers ending in 7, 8 or 9 must renew with the IRS by Jan. 31.

Tax 223
article thumbnail

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!

article thumbnail

2024 International ProAdvisor Awards Process Extended

Insightful Accountant

In order to provide time for ProAdvisors from around the world to participate in this first year's International ProAdvisor Awards, Insightful Accountant is extending the associated deadlines for International ProAdvisor Nominations and Applications.

article thumbnail

He fled California's taxes. Now he's fighting them in Washington

Accounting Today

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

Tax 131
article thumbnail

How Norbella Streamlined Its Media Payments

AvidXchange

Norbella is a n independent media agency based in Boston that partners with brands to create intuitive and adaptive media campaigns. It takes a comprehensive approach rooted in strategy, informed by customer data and insights, and guided by media intelligence. Its teams become extensions of those the y work with, making a lasting impact on target audiences and the business bottom line.

article thumbnail

Enhance the power of generative AI in AR and AP

Accounting Today

Leveraging the benefits of generative AI has the potential to improve the workplace experiences of finance professionals.

AR 149
article thumbnail

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.

article thumbnail

Using ESG Data To Ask New Questions in Commercial Construction

Insightful Accountant

ESG evaluates sustainability and ethics in sectors like commercial construction. Tracking ESG metrics is crucial for long-term effects. It's a business strategy with benefits for brand reputation, employee retention, and innovation.

52
article thumbnail

In the blogs: Interesting questions

Accounting Today

1099s every quarter; latest tax lawmaking; a crypto outlook for 2024; and other highlights from our favorite tax bloggers.

Tax 136
article thumbnail

What is FNOL in Insurance?

Nanonets

People buy insurance policies with the hope that in the event of an unfortunate loss or damage to the insured assets, their deprivation will be suitably compensated by the insurance provider at the earliest. Once loss or damage occurs, the compensation payment process is initiated by sending the First Notice of Loss (FNOL). The insurance provider immediately investigates the loss or damage and settles the loss or damage with the insured person.

article thumbnail

Member Spotlight: Time Is on Your Side

NACM

The relentless pursuit of education never stops for some professionals, no matter where they may be in their career's tenure—especially for those who change or take on additional roles. NACM's Professional Certification Program gives credit professionals that exact opportunity. With six levels of education that start with the basics of credit all t.

5
article thumbnail

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.