Sat.Oct 08, 2022 - Fri.Oct 14, 2022

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The Making Tax Digital for VAT portal is closing. Here’s what it means for small businesses

Xero

Close the door, pull down the shutters. The time has come. HMRC is closing the old VAT online portal on November 1. You may have recently received an email from HMRC explaining that VAT-registered businesses will no longer be able to use this gateway to file monthly or quarterly VAT returns. Instead, you’ll need to submit them through Making Tax Digital (MTD)-compatible software. .

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Accountants, remove these 5 things from your to-do list

Accounting Today

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Sage Intacct SaaS Customer Success Award Winner, Springbuk, Scales 4x, Speeds Close 73%, and Gains Insights for Data-Driven Decisions

Sage Intacct

Yesterday, at Sage Transform, Sage's annual customer conference for Sage Intacct, we announced our SaaS Industry Customer Success Award winner, Springbuk. Earlier in the week, James Norris, CFO of Springbuk, joined our Industry Keynote and shared his team’s tremendous story of business, team, customer, investor, and personal success.

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The Power Of Combining Kubernetes And Non-Kubernetes Cloud Spend

CloudZero

Whether you’re new to Kubernetes or a bona fide wizard, it may seem like getting any meaningful cost data out of it is a miracle. This is because many organizations that migrate to Kubernetes unwittingly step into the Black Box of Kubernetes Spend. In pre-Kubernetes life, teams could allocate costs by tagging resources. Post-Kubernetes, applications are decoupled from the infrastructure they run on — and the link between business metrics (products, features, customers) and cloud cost shatters.

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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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Direct filing of the Singapore GST F5 return is coming to Xero

Xero

At Xero, we are committed to helping Singapore small businesses simplify their accounting processes. And this is why we are thrilled to announce that you can now submit your GST F5 returns quickly and directly from Xero to IRAS in one click, making the filing process simpler. This means you and your advisors can pull the financial data already sitting within Xero into your GST F5 return report.

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IRS sending millions of letters on claiming tax benefits

Accounting Today

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EKS Cost Optimization: 7 Best Practices To Apply Immediately

CloudZero

Amazon Elastic Kubernetes Service (EKS) eases deploying and running Kubernetes on the AWS platform. A fully managed Kubernetes service, EKS eliminates the need to install, configure, or maintain Kubernetes nodes or control planes on your own.

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Xero is named one of the UK’s ‘Best Workplaces’ for women and in the tech industry

Xero

Building an inclusive, supportive workplace where everyone can do the best work of their lives sits at the centre of everything we do at Xero. Actually it’s the thing that attracted me to Xero, and was the driving factor in most of our employees applying to join the team. That’s why we are proud to be ranked so highly in two specific Best Workplaces lists – both in areas that are very close to our hearts. .

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NJCPA CEO Ralph Thomas to retire in June

Accounting Today

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What Can Be Depreciated in Business? Depreciation Decoded

Less Accounting

Depreciation is one thing that many business owners often overlook, but you shouldn’t because there are many benefits to it. Now, if you’re wondering what can be depreciated in business , the answer is – almost everything. That’s why you should pay close attention to the following lines to become the master of depreciation. What Is Depreciation?

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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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Fargate Vs. Lambda: The Last Comparison You’ll Ever Need

CloudZero

Things are changing. Technology differences between serverless and container-based systems are rapidly blurring.

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Committing to First Nations Communities: A discussion with the Canadian Council for Aboriginal Business

Xero

In 2021, Xero began its journey with the team at the Canadian Council for Aboriginal Business (CCAB) by entering the first phase of the Progressive Aboriginal Relations (PAR) Program in Canada. This signified a commitment to foster strong connections with Indigenous communities built on a foundation of trust and human connection. . By participating in the PAR Program, Xero has been able to partner with the CCAB, exploring how the organization can continue to foster a great place to work for all,

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Social Security benefits to rise 8.7% in 2023 for inflation

Accounting Today

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AP Automation’s Role in Helping Financial Institutions Navigate a Possible Recession  

AvidXchange

Operating amidst economic uncertainty is no easy feat. Most middle market companies are reevaluating their business costs and priorities as they shift their focus to sustain growth, create efficiency and retain talent to help prepare for a potential recessionary environment. Although the possibility of a recession poses challenges to many industries, it uniquely affects the financial services industry.

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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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Mind Your Expenses: 20 Costs of Running a Business

FreshBooks

Starting a business from scratch can be a dream come true. But that dream can quickly become a nightmare if you only view your business through rose-colored glasses and ignore the startup costs associated with running one. You may not even realize you need to budget for these business startup costs until you’re well into […] The post Mind Your Expenses: 20 Costs of Running a Business appeared first on FreshBooks Blog - Resources & Advice for Small Business Owners.

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S3 Intelligent-Tiering: Can you save money quickly without the operational overhead?

The FinOps Alliance

When is it beneficial to use S3 Intelligent-Tiering? This is a question we often get from our clients and as a consultant, it’s my job to answer this question with: “Probably it is beneficial but it depends”. In this blog post series, we will first cover how S3 Intelligent-Tiering works, and the different variables influencing the decision followed by a second blog post where we will dive deeper into concrete examples.

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IRS drafts changes to corporate reporting of uncertain tax positions

Accounting Today

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A Look at How a Potential Recession Could Impact Senior Living Communities

AvidXchange

As a result of economic uncertainty, organizations across all industries are reevaluating their costs and priorities while leaders are shifting their focus to retain and attract talent amidst growing shortages. Senior living communities are no exception, especially because it’s a needs-based industry experiencing high demand. People age regardless of economic factors, and higher occupancy rates result in more work for the back office.

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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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Factoring Companies in Canada: 8 Options for Business Funding

FundThrough

When it comes to securing fast and flexible funding for your business, invoice factoring is a great option as it unlocks capital that’s tied up in slow receivables for work you’ve already completed. Factoring can be a reliable source of funding and way to ensure predictable cash flow for your business. There are a number […]. The post Factoring Companies in Canada: 8 Options for Business Funding appeared first on FundThrough.

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Why Is Tax Software Stuck In the Stone Age?

Earmark Accounting Podcast

Sign up to get free CPE for listening to this podcast [link] Download the Earmark CPE App Apple: [link] Android: [link] Connect with Peter Wen LinkedIn: [link] Learn more about Tallyfor [link] Connect with Blake Oliver, CPA LinkedIn: [link] Twitter: [link] Peter Wen, CPA gives an overview of the tax software market for accounting firms. Learn about the offerings from the Big Four vendors in tax (Drake, Intuit, Thomson Reuters, and Wolters Kluwer), who these products are for, and how to plug th

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Crypto at fair value: Inside FASB's decision

Accounting Today

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Explaining ePayment Fees: Do Electronic Payments Really Cost More Than Paper Checks?

AvidXchange

As finance teams begin to integrate new technology into their workflows, many accounts payable (AP) and accounts receivable (AR) professionals are noticing the benefits that come with electronic payments (ePayments). By providing multiple payment methods for vendors beyond paper checks, businesses are helping to ensure payments are executed quickly, accurately and securely.

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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 Cash Flow

Brigade

Cash flow can be one of the best markers to determine the health of your business, and managing cash flow is essential for any small business owner. By knowing how much is coming into and going out of your business, you can avoid unexpected surprises, budgeting issues and uncomfortable conversations with vendors, clients or partners. Over 60% of small business owners have experienced an issue with cash flow in the lifetime of their business, with 44% admitting that their issue was a surprise.

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DIY Your S Corp Return With TurboTax

Cloud Accounting Podcast

Sponsors Jirav - [link] Canopy - [link] Zoho - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes 7:04 – RightTool for QuickBooks Online [link] 7:46 – Intuit Inc. - Intuit Investor Day 2022 [link] 43:42 – Big Bet 2: Connect people to experts – YouTube [link] 56:31 – Kabbage Files for Chapter 11 Bankruptcy [link] 57:52 – More than a gig: Uber's new card targets professional drivers [link] Sign up for

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FASB decides to measure digital assets at fair value

Accounting Today

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California Construction Company Goes Paperless with AP Automation

AvidXchange

Westport Construction shares how TimberScan Titanium enhances Acumatica and saves time with digital accounts payable (AP) Vince Wile joined Westport Construction about 10 years ago, evolving from an administrative role on the finance team to a lead decision maker, second to the CFO. He oversees the firm’s AP work with TimberScan Titanium and Acumatica, handling routing and permission setups, onboarding of new users and day-to-day administration of the financial software solutions.

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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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Case Study: Geneviève Pesant

Dext

An experienced bookkeeper, Geneviève has been supporting small businesses and independent professionals for years – but she also wanted to grow her own business. With Dext Commerce she now has the extra time she needs to dedicate towards new clients. Meet Geneviève Pesant Before her love for accounting, Geneviève Pesant was a biochemist.

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Scaling New Heights #3: Protecting Your Clients' Data

Cloud Accounting Podcast

Meet Our Guests: Jamie Beresford LinkedIn: [link] Twitter: [link] Website: [link] Andrew Lassise LinkedIn: [link] Website: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary.

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OECD debuts global tax transparency framework for crypto

Accounting Today

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Nonprofit Clinic Adopts AP Automation to Save Time and Combat Turnover

AvidXchange

Michelle To with Saban Community Clinic shares how AvidXchange helped them navigate high turnover rates by automating workflows With five locations throughout Los Angeles, Saban Community Clinic is a nonprofit health clinic that provides a full range of affordable healthcare services, regardless of the patient’s income status. Their goal is to provide patients with the medical assurances needed to remain active members of the growing community.

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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.