Thu.Nov 16, 2023

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IRS will receive 30M more 1099-Ks

Accounting Today

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

Tax 347
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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.

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The best small-biz acct'g software, and other tech stories you may have missed

Accounting Today

Plus, Google wants you to ditch passwords, and eight other things that happened in technology this past month and how they'll impact your clients and your firm.

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New Sage Intacct Features Give Deeper Insights and Automation to Help Drive Better Business Decisions

Insightful Accountant

New Sage Intacct release extends capabilities to consolidate financials for complex ownership structures, improve project management, integrate ministry financials, improve 1099 e-filing and respond to governance expectations

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Charitable donations by billionaires go to their own DAFs and private foundations

Accounting Today

The ultra-wealthy are using charitable giving vehicles to avoid taxes and exert influence, at the expense of ordinary taxpayers.

Tax 306
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Debunking Common Myths about DCAA Compliant Timekeeping

Insightful Accountant

Navigating DCAA compliance can be daunting for contractors. Misinformation and myths add to the confusion. In this article, we debunk common myths about DCAA compliant timekeeping.

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New ProAdvisor Training and Exams Available

Insightful Accountant

Intuit is "All In With ProAdvisors", so 'New' ProAdvisor training and certifications have just been released. Intuit will offer a QuickBooks Training and Certification Bootcamp in early December.

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EY names Janet Truncale as first female global CEO of Big Four firm

Accounting Today

Truncale most recently was the regional managing partner for EY's financial services organization in the Americas, which includes 14,000 professionals.

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How to Conduct a Cash Flow Analysis

MineralTree

Conducting a cash flow analysis is an integral part of running a business — dedicating time to this process can mean the difference between barely surviving and thriving. However a cash flow analysis is only as valuable as your ability to understand and interpret the results. By assessing your cash inflows and outflows, you can gain valuable insights into your organization’s financial health, helping you make informed decisions to sustain and scale your operations.

AP 84
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Tax Fraud Blotter: Two-timers

Accounting Today

Shell of a way to work; RICO rip-off; fun with refunds; and other highlights of recent tax cases.

Tax 298
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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9 Must Watch Movies/TV Series For CPAs and Accountants in 2024

Ace Cloud Hosting

CPAs and accountants play an integral role in the functioning of every small and large business. With multiple tasks, work for these accountants can get hectic at times. Watching movies.

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Plante Moran's new MP looks ahead to $2B

Accounting Today

Jason Drake will be taking the helm next July and hopes to grow it into a $2 billion firm.

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Top 10 Subscription Management Tools of 2024

Invoicera

By 2025, the subscription economy will reach a market size of $1.5 trillion. Source: UBS Wealth Management If you own a subscription business, you might be looking for a tool to make your financial management easier. Before choosing any tool, a lot of questions can come to your mind like: How to pick the best subscription management tool when so many are out there?

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Go back to basics before busy season to drive resilience

Accounting Today

By focusing on areas where they can drive efficiency, firms can reduce stress in the years ahead.

Tax 240
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Quotes, Estimates, Bids, Proposals: What’s the Difference?

Invoicera

Confused between quotes, estimates, bids, and proposals? Well! Not only you, but many get. All the terms sound similar, and that’s why we often make the mistake of using the wrong term in the wrong place. Bids, proposals, quotes, and estimates have different meanings and their usage differs for every industry & business. If you are a business, using the wrong terminology can negatively impact the reputation, and might create trust issues with clients.

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How certain small business stock could supercharge tax savings

Accounting Today

Financial advisors and tax professionals working with entrepreneurs and potential startup investors should consider an often-overlooked exemption, experts say.

Tax 235
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Outsourcing vs. In-house Bookkeeping for Franchisees: Making the Right Choice

Bookkeeping Express

Effective bookkeeping is a crucial aspect of running a successful franchise operation. Accurate and organized financial records are essential for compliance with franchisor standards, informed financial decision-making, meeting tax obligations, and maintaining healthy relations with investors and lenders. As a franchisee, you face a crucial decision: should you outsource your bookkeeping services or manage them in-house?

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Internal auditors optimistic on economy, talent, but risks remain

Accounting Today

A recent survey has found internal auditors are optimistic about the economy and about the availability of talent going into 2024 despite ongoing risks in both areas.

Auditing 189
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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Mastering Work-Life Balance: Tips for Accountants in the Busy Tax Season

Ace Cloud Hosting

This is guest post by Sam Klaas. As the calendar flips closer to tax season, accountants worldwide can hear a distant clock ticking, almost like the ominous score to a.

Tax 59
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Pentagon fails its financial audit for sixth straight year

Accounting Today

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.

Auditing 182
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How Prevent Embezzlement and Theft as a Business Owner?

Remote Quality Bookkeeping

Many people start businesses with stars in their eyes. They only imagine the ideal scenario in which customers love their product or services, employees are loyal and trustworthy, payroll and benefits flow smoothly, and their bank account grows continuously year after year. This isn’t a description of reality, of course, because real life is messy and business is even messier.

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Nepsis acquires SBGB

Accounting Today

Nepsis, a Minneapolis-based financial advisory and investment management firm, has acquired Sevenich, Butler, Gerlach, & Brazil, a tax, accounting and consulting firm in Saint Paul, Minnesota.

Tax 182
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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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3 Things To Know If You Hire Freelancers

Remote Quality Bookkeeping

Nearly 54 million Americans are now doing freelance work, according to a 2015 study conducted by the independent research firm Edelman Berland and commissioned by Freelancers Union and Upwork. If you’re a startup or a company who operates in the digital sphere, hiring freelancers can be a great way to access quality work from a much larger pool of applicants.

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Tax services fuel RIA growth, Fidelity benchmarking survey shows

Accounting Today

While the vast majority of firms said they have branched into that area, the results suggest they may be missing part of the business opportunity.

Tax 140
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The New 1099-Ks Are Coming: Are You Ready?

Remote Quality Bookkeeping

2021 was a huge year for multiple reasons. However, it was incredibly important for entrepreneurs and small businesses, primarily because of the passing of the American Rescue Plan Act. This act aimed to help small businesses survive the competitive commercial environment by providing them with funds, resources, and investment to hire more workers and keep them.

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Pros and Cons of Outsourced Accounts Payable and Accounts Receivable Services

CSI Accounting & Payroll

Cash flow makes or breaks a small business, but managing your payables and receivables in-house can take a lot of time and effort as you grow. That’s why so many small businesses want to outsource their working capital management - but what are the pros and cons? At CSI Accounting & Payroll, we’ve worked with small business finances for over 50 years.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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What is the Purpose of Bookkeeping for your Company?

Remote Quality Bookkeeping

What is the purpose of bookkeeping, and how can good bookkeeping improve your business? When it comes to running a company, you need everything in place and to run properly in order for your business to continually function, especially anything related to your financials. Making sure that you’re gaining more money than you’re spending is vital, and keeping track of all income and expenses is equally as important.

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Optimizing the Supplier Payment Process Using Advanced Technologies

Nanonets

As businesses get more complex and grow in scale, the vendor payments process becomes more intricate, time-consuming, and important. Not only are supplier payments crucial to getting the raw materials needed to run a company, but they also encompass utility bills, office space rent costs, and so much more.  If an organization submits a supplier payment late or incorrectly, it could have major downstream implications on the business’s ability to function.

AP 52
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How Prevent Embezzlement and Theft as a Business Owner?

Remote Quality Bookkeeping

Many people start businesses with stars in their eyes. They only imagine the ideal scenario in which customers love their product or services, employees are loyal and trustworthy, payroll and benefits flow smoothly, and their bank account grows continuously year after year. This isn’t a description of reality, of course, because real life is messy and business is even messier.

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AP Controls: The Role Internal Controls for Accounts Payable Plays in Every Business

Nanonets

All businesses must expertly manage the payments they owe to other people or entities. This function, referred to as accounts payable , is critical to business operations, financial management, and long-term relationship building in every industry.  Accounts payable teams must find the balance between speed and accuracy to get the right payments to the right partners on time.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.