Mon.Jan 29, 2024

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IRS kicks off tax season with extended hours, service and tools

Accounting Today

The Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online.

Tax 315
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We’re retiring the classic version of Xero invoicing

Xero

We’ve had two versions of our invoicing feature for a while now — classic invoicing and new invoicing. The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid. Our teams have big plans to add even more value to the new version of invoicing in the future, including features that we know are important to you.

Invoicing 279
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Generative AI for small and midsized firms

Accounting Today

Without breaking the bank, small and midsized firms can make smart investments to adopt AI and tailor it for specific uses.

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Top 8 Cybersecurity Best Practices for Accounting & Tax Firms in Tax Season

Ace Cloud Hosting

Tax season can be a real headache, especially when scammers trick you into their schemes. It’s no secret that phishing, scamming, breaches, ransomware attacks, and other online frauds tend to.

Tax 106
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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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The 20 best states for saving

Accounting Today

The best state to be a saver scored 0 out of 100, where a lower score means it's easier to save.

Tax 294
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Acumatica Launches New Era of Business Growth and Product Expansion at Summit 2024

Insightful Accountant

Opening Keynote at Acumatica Summit reflects product plans and strategy for supporting customer growth ambitions with leading-edge technology

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More Trending

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Ace Cloud CPA Hosting Offer – What is in it For You?

Ace Cloud Hosting

As the accounting industry continues to embrace digital transformation, the option of hosting accounting software on the cloud has become increasingly popular. For Certified Public Accountants (CPAs), accountants, and those.

CPA 85
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What makes an accounting firm succeed?

Accounting Today

The first step is defining 'success,' says Seth David.

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Do audit opinions even matter anymore?

Blake Oliver

The commoditization of audits is contributing to the CPA shortage.

Auditing 122
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With AI, no more 'wait and see'

Accounting Today

Accounting firms are starting to dive headfirst into artificial intelligence.

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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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Drake Software Launches Drake Pay

Insightful Accountant

Drake Software® announces the launch of an integrated contactless payment acceptance system, Drake Pay™.

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Art of Accounting: 205 free updated Ed Mendlowitz checklists for 2024

Accounting Today

There are 178 checklists for tax season, practice management and personal tips, plus a Getting Your Affairs in Order Tool Kit with 27 additional checklists.

Tax 145
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Avoid Common Tax & Accounting Mistakes For Your B2B Business

Enterprise Recovery

Complex tax questions can be especially confusing for small businesses, freelancers, or startup companies. It's important that your business's financial records are maintained with integrity and organization. If you're a one-person department or temporarily taking on the accounting role, it's natural to have some questions and uncertainties. Avoid common accounting mistakes and ensure a smooth tax season with these best practices.

Tax 69
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K-pop label SM's financials being investigated

Accounting Today

The Korean internet and messaging powerhouse has hired a law firm to probe SM's books at the request of Kakao board's audit committee

Auditing 145
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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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Understanding The Different Client Billing Methods

Invoicera

Summary Client billing is raising invoicing to customers for provided goods or services. Common client billing methods are: Hourly Billing Project-Based Billing Retainer Billing Flat-rate Billing Value-Based Billing Subscription Billing Combination Billing You can enhance your client billing experience with Invoicera , a user-friendly platform that automates the invoicing process.

Billing 59
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Boomer's Blueprint: The CEO–CIO connection

Accounting Today

The business landscape is increasingly driven by digital transformation, making the relationship between these two leaders more critical than ever.

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How Offshore Outsourcing Can Boost Your Business Bottom Line?

Outsourced Bookeeping

Amid dynamic business landscapes, companies strive for innovative strategies to boost their bottom line and competitiveness. Yet, challenges like mounting inflation and a skilled labor shortage drive the need for cost-effective solutions. Businesses must navigate these hurdles strategically to maintain resilience, growth, and sustained market relevance.

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Why Companies Need AWS Backup in 2024

Ace Cloud Hosting

How to ensure Business Continuity and Disaster Recovery? Data Protection If your company were to lose its data today, how much time would it take to resume business as usual.

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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 Projections: Software vs. An Accountant’s Expertise

CSI Accounting & Payroll

Small businesses can owe a lot of taxes! If you’re worrying about the future, getting a projected tax return is a great option. There’s projection software for the DIY-ers, or working with an accountant for those who want guidance. Which is better for your business? It depends! CSI Accounting & Payroll has advised small businesses with their tax strategy for over 50 years.

Tax 52
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Will Tax Laws Change Mid-Filing Season?

Insightful Accountant

House committee approves bipartisan tax bill to extend tax breaks before April 15 deadline. Proposed bill includes various provisions such as expanded Child Tax Credit and deductions for research expenses. Read about it here!

Tax 52
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Credit Card Reconciliation in QuickBooks Online

Nanonets

QuickBooks is one of the most widely used apps for bookkeeping, and it offers a convenient way to reconcile credit cards without needing external tools.  In this article, we guide you through the credit card reconciliation process in QuickBooks, addressing common issues and providing useful tips to streamline the procedure. Step 1: Go to the reconciliation menu In the top help menu bar, search for 'Reconcile.

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IRS Starts 2024 Tax Filing Season

Insightful Accountant

The Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers.

Tax 52
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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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How to Use AI in the Finance Department

AvidXchange

Artificial intelligence (AI) is poised to have another year in the spotlight , with companies across industries leveraging the technology to create efficiencies. This is reflected in our 2024 Trends Survey , with 72% of finance executives sharing that their department is already using AI technology. Only 4% of respondents said they have no interest in using AI.

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5 Best Practices for GKE Cloud Cost Management

finout

This article will give you insight into the best practices necessary to manage your GKE infrastructure and get the best value out of your cloud investment.

FinOps 52
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Netsuite for Nonprofits

Tipalti

Learn how nonprofit organizations using NetSuite can overcome the unique challenges faced by nonprofits by implementing third-party add-on software integrations.

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Ex-IRS contractor who leaked Trump, Griffin tax data gets five years in prison

Accounting Today

Charles Littlejohn, 38, pleaded guilty to stealing Trump's tax data from the IRS and leaking it to the New York Times and admitted taking tax information about thousands of other wealthy Americans, including Jeff Bezos, that he passed to ProPublica.

Tax 294
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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!