Sat.Oct 14, 2023 - Fri.Oct 20, 2023

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IRS to offer free direct file online tax system in 13 states

Accounting Today

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 351
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Powering A More Sustainable Future Through Solar Energy in Virginia and West Virginia

Intuit

In support of our Climate Positive Program’s commitment to reduce 2 million metric tons of carbon dioxide equivalent emissions outside our operations by 2030, we are investing in equitable deployment of sustainable solutions like renewable energy. The program aims to support a ‌transition to 21st-century renewable energy sources coupled with job and learning opportunities for students in underserved communities.

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2023 Xero Awards Canada Winners

Xero

Back in July, we announced the launch of the first-ever Xero Awards in Canada. This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

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5 Crucial Components Your ERP System Should Include

Accounting Department

Enterprise resource planning (ERP) systems are instrumental in helping businesses achieve optimal efficiency. By integrating various essential business functions into a unified platform, ERP systems provide a real-time overview of the business while supporting day-to-day operations and workflows.

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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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IRS offers process for withdrawing bogus ERC claims

Accounting Today

The Internal Revenue Service is giving employers a way to rescind inaccurate claims for the Employee Retention Credit if they've fallen victim to a scam at the hands of so-called "ERC mills.

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Connecting to new career opportunities and supportive people at Intuit

Intuit

Living and working abroad After completing college, I decided to work for a nonprofit in Zimbabwe. This was the first time I left the US, and I am grateful for the experience of living and working in Africa. Later, I moved to China and Thailand for work. These experiences broadened my outlook on life and made me more attuned to the financial challenges faced by a diverse customer base.

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Unleashing Business Success with Financial Planning and Analysis

Accounting Department

No business model works without effective financial management. Every organization must be able to allocate its resources and make informed decisions. Financial Planning and Analysis (FP&A) has become increasingly important in driving business success. It is vital for long-term growth. FP&A is a data-driven approach to financial management, which allows organizations to make informed decisions to improve their profitability.

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EAs call on IRS to restart balance due notices

Accounting Today

The National Association of Enrolled Agents is asking the Internal Revenue Service to resume sending reminder notices immediately to non-filers and those with balances due of more than $10,000.

Tax 330
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NetSuite Extends Analytics Warehouse

Insightful Accountant

By extending Analytics Warehouse, NetSuite hopes to help customers gain greater and faster value from their data. Companies are using the newly enhanced AI-powered features of NSAW to simplify data management and access greater insights.

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What is the Cost of Cloud Computing for Small Businesses?

Economize

Cloud computing is not merely a technological upgrade, it’s a business strategy that can significantly enhance operational efficiency, agility, and innovation, all while providing substantial cost savings. For small businesses operating with limited resources, understanding the investment required in cloud computing is crucial.

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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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Nonprofit Trends You Need to Know for 2024 

AvidXchange

As the year winds down, finance teams are looking ahead to determine plans and priorities for next year. Nonprofits in particular are brainstorming ways to do more with less. In the current macroeconomic climate of uncertainty, the following nonprofit trends are likely to impact organizations next year. Growing Demand Nonprofits see demand for services spike during times of inflation, according to the National Council of Nonprofits.

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Younger accountants more likely to leave employers

Accounting Today

Young accounting and finance professionals have been seeing the highest turnover over the past two years and are most likely to leave their current jobs over the next year, according to a new report.

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My Favorite Newbies – QuickBooks Desktop 2024

Insightful Accountant

As the last piece in our QuickBooks Desktop 2024 series, Murph is giving us another of his favorite feature picks or, as he likes to call them, "his favorite newbies.

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Have you been pwned?

Ontrack Bookkeeping

I have just returned from a Accountants and Tax Agents Institute of NZ (ATAINZ) Workshop in Auckland, where members of the ATAINZ congregated for a day of learning and community connection. Given I am a people person, I loved seeing people in person and really being able to connect on a level you just cant get over the internet. It was great to have our ethical responsibilities as a member of ATAINZ covered in one of the first sessions, with scenarios on how to deal with certain situations.

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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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Financial Forecasting for Small Business Growth

Nolan Accounting Center

One of the most important tasks of a small business owner is planning for the growth and stability of the business. The best way to do this is with financial forecasting, which is the process of predicting your company’s performance. This is done by considering the historical data of your company as well as the current industry trends. If your business is located in Southeast Wisconsin, Nolan Accounting can help with your company’s financials.

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IRS introduces business tax accounts as it targets big corporations for audits

Accounting Today

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

Tax 358
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Terlato Wine Group is 'Suite' on NetSuite

Insightful Accountant

Following up on his trip to 'SuiteWorld 2023,' Murph gives you a first-hand impression of how Terlato Wine Group is benefiting from its transition to NetSuite.

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How Profit First transformed my business and personal life

Reconciled Solutions

I recently attended ProfitCon 2023 in New Jersey, and as I do every year, I left feeling uplifted and reinvigorated. Gathering with other Profit First. The post How Profit First transformed my business and personal life appeared first on Reconciled Solutions.

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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 Much Does Slack Spend On AWS?

CloudZero

The Slack messaging app is popular because it is easy to use, affordable, and highly customizable. With Slack, you can collaborate in teams and with colleagues in real-time, accessing files from anywhere.

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Gemini, DCG sued by NY for alleged $1.1B crypto fraud

Accounting Today

DCG's Genesis unit is accused in the suit of failing to adequately audit the Three Arrows Capital hedge fund and lying to Gemini when it claimed to regularly review its borrowers' financial statements,

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Oracle NetSuite Introduces Enterprise Performance Management

Insightful Accountant

NetSuite's newly unveiled Enterprise Performance Management will help finance leaders increase productivity, efficiency and profitability.

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How to convert cash basis to accrual basis accounting

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook Under the cash basis of accounting , business transactions are only recorded when the cash related to them is either issued or received. Thus, you would record a sale under the cash basis when the organization receives cash from its customers , not when it issues invoices to them. The cash basis is commonly used in small businesses, since it requires only a limited amount of accounting expertise.

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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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How Much Does Capital One Spend On AWS?

CloudZero

Capital One offers a variety of financial products, such as credit cards, financial accounts, and auto financing. Now, Capital One might appear as a leading financial institution. But it views itself as a technology company that provides financial services — rather than a financial services company that uses technology.

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Companies shifting disclosures in response to SEC cybersecurity rules

Accounting Today

New cybersecurity rules from the Securities and Exchange Commission are already prompting companies to put more emphasis on the topic in their disclosures.

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ADP Launches First All-in-One HCM Solution for Construction Industry

Insightful Accountant

ADP Workforce Now for Construction is the first comprehensive HCM solution built for the unique challenges of the construction industry.

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Creeping tender offer definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Creeping Tender Offer? A creeping tender offer is the gradual accumulation of a target company's shares , with the intent of acquiring control over the company or obtaining a significant voting block within it.

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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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How Our FinOps Account Management Team Helps You Achieve Your Cloud Savings Goals

CloudZero

Our FinOps account management team is dedicated to your success. Here’s exactly what you can expect.

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Emerging risks for accountants

Accounting Today

Stephen Vono and John Raspante of McGowan Pro look at the new areas that are sparking claims against firms — and the tools they can use to protect themselves.

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ADP Research Institute Launches Today at Work

Insightful Accountant

The new resource for business leaders helps accountants share this quarterly workforce report with their clients looking for actionable insights to improve business operations.

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How to account for the sale of land

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets Accounting for the sale of land differs from the accounting for the sale of any other type of fixed asset , because there is no accumulated depreciation expense to remove from the accounting records. This is because land is not depreciated , on the theory that land is not consumed (as is the case with other fixed assets).

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.