Sat.Nov 25, 2023 - Fri.Dec 01, 2023

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The Benefits of Continuous Planning for Your Business

Accounting Department

As a business owner or CEO, have you ever felt frustrated when the budget you made at the beginning of the year has become irrelevant halfway through? Have you ever wished for a more flexible and agile way to manage your finances? If so, you might want to consider continuous planning.

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Audit committee disclosures increased over past decade

Accounting Today

Corporate audit committees have been providing investors with a greater number of disclosures about their activities and responsibilities over the past 10 years, but there's still room for improvement.

Auditing 289
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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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The Support to Grow your Tax and Bookkeeping Career, Your Way

Intuit

Anisha Wells wants to make a difference in this world for her family—and for just about everyone else she knows and meets. She developed a real passion for helping and serving others in her previous roles as a daycare director and property manager. However, Anisha’s unpredictable work schedule often left her with little to no work-life balance as she juggled her demanding personal and professional commitments.

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8 Signs Your Accounting Team Is Ready to Automate Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.

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The Importance of Risk Management in SMB Spending

Accounting Department

As a business owner or CEO, spending money is part and parcel of running a successful enterprise. As you grow your business, you will find yourself spending more and more money on various expenditures.

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US sets stringent limits on Chinese content for EV tax credit

Accounting Today

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through Biden's signature climate law, set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

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Flexible Work that Works: Revolutionizing Tax and Bookkeeping Careers with Intuit

Intuit

Nina spends her weekends cheering for her kids from the sidelines. “Soccer is what we breathe around here. It’s amazing seeing your child do something that they love and enjoy,” Nina said. But she never dreamed her career would be sidelined. Just eight days into her hard-won dream job, Nina’s husband was stationed across the country, a pattern that became the norm for Nina and her family.

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What Inspires a Great Company to Promote a Healthy Work-Life Balance | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 7 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Lower 1099-K threshold may force sellers to drop out

Accounting Today

The lowering of the Form 1099-K threshold from $20,000 to $600 will not only produce millions more forms to be sent to taxpayers, but could also prompt many of them to abandon online marketplaces and gig economy jobs.

Tax 294
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What the 2023 Autumn Statement Means for Making Tax Digital

Xero

Following the Autumn Statement, you might be curious about the specific measures that impact Making Tax Digital (MTD). Especially since digital transformation is already underway, with Making Tax Digital for Income Tax on the horizon. Here’s a guide outlining what the announcement means for your practice and clients. Phased mandation is still going ahead Making Tax Digital for Income Tax (MTD for ITSA) is still coming into place.

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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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FinCEN Set to Begin Enforcement January 1, 2024

Insightful Accountant

The Financial Crimes Enforcement Network, part of the U.S. Department of Treasury is set to begin Small Entity Compliance implementation and enforcement of provisions related to Beneficial Owners Reporting as of January 1, 2024.

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6 Common QuickBooks Hosting Myths Dispelled

Ace Cloud Hosting

QuickBooks hosting is a powerful technology that enables businesses to experiment and innovate rapidly, often regarded as a catalyst for “speed-to-market” and a driver of remote accounting. By providing on-demand.

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US weighing reprieve for automakers on electric vehicle tax credits

Accounting Today

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit for electric vehicles that contain certain materials from foreign adversaries, a Michigan senator said Tuesday.

Tax 284
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How to manage the Singapore GST rate change in Xero

Xero

In the 2023 budget announcement, Singapore’s Minister for Finance announced the GST rate will increase from 8% to 9% on 1 January 2024. This change will impact all Singapore businesses that file GST. Here’s what we’re doing to make it easy for you to manage this change in Xero. Update your default rate We’ll make the new 9% rate available in Xero by 5 December 2023.

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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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2024 ProAdvisor Awards Process Begins Today

Insightful Accountant

What does it take to be in the next Top 100. it takes You participating. The 2024 ProAdvisor Awards process begins today. ProAdvisors may nominate themselves or be nominated by another ProAdvisor.

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How To Host A QuickBooks Company File – A Comprehensive Guide

Ace Cloud Hosting

Looking for instructions on hosting a QuickBooks Desktop company file? This is the place for you. QuickBooks Desktop is a powerful accounting software widely implemented by businesses to manage their.

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Congress has little time to make tax changes this year

Accounting Today

The demands from various constituencies for tax breaks are not likely to stop lawmakers from proposing or introducing new legislation, if only to position themselves ahead of next November's election.

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How to Improve Efficiency Across the Finance Department

MineralTree

Maintaining finance department efficiency is a constant challenge, especially for teams that rely on legacy technology and manual processes. The good news is that technological advancements have made it possible for finance departments to increase productivity and to do more with less. As the need to drive efficiency grows, many teams are looking to technology to digitize and automate their workflows.

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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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Other QuickBooks Payroll and HR Enhancements

Insightful Accountant

A variety of QuickBooks payroll and human resource enhancements are improving and streamlining they way you can manage payroll whether you provide payroll services, you support clients using payroll, or you manage payroll in-house.

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Cloud vs. Local Servers: Choosing the Best Setup for QuickBooks Enterprise

Ace Cloud Hosting

When it comes to managing finances, QuickBooks Enterprise has proven to be a robust and adaptable option for businesses of all types. However, the critical question is where to install.

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PCAOB sanctions three Chinese firms, including PwC affiliates

Accounting Today

The Public Company Accounting Oversight Board levied penalties against three firms in China, including member firms of PricewaterhouseCoopers that it found were improperly sharing answers to exams.

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Trend analysis definition

Accounting Tools

What is Trend Analysis? Trend analysis involves the collection of information from multiple time periods and plotting the information on a horizontal line for further review. The intent of this analysis is to spot actionable patterns in the presented information. In business, trend analysis is typically used in two ways, which are noted below. When trend analysis is being used to predict the future, keep in mind that the factors formerly impacting a data point may no longer be doing so to the sa

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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QuickBooks Online Payroll 'Cost Allocation'

Insightful Accountant

QuickBooks Payroll will soon allow customers to split employee payroll costs into multiple classes and projects, ensuring accurate tracking without additional journal entries.

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How Safe is Lacerte Tax Software on a Cloud Server?

Ace Cloud Hosting

Lacerte Tax Software is a comprehensive cloud solution that helps you make the most of your tax filing. With its easy-to-use features, you can be sure that filing taxes with.

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PCAOB chair highlights tougher stance

Accounting Today

Public Company Accounting Oversight Board chair Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties during a conference.

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5 Gift Ideas for Bookkeepers & Accountants

LedgerDocs

The holiday season is upon us, and it’s time to show appreciation to the hardworking bookkeepers and accountants in your life. Maybe your loved one is a numbers person and you’ve ran out of ideas for presents this holiday season? Whatever your situation, we’ve put together a list of 5 great gift ideas for the modern bookkeeper or accountant. 1.

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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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Xero Introduces New Automated Sales Tax

Insightful Accountant

Xero has teamed up with Avalara to offer a new automated sales tax functionality when Xero users make us of the new Xero Invoice feature.

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QuickBooks Hosting: All-in-one Managed Accounting Solution for Businesses

Ace Cloud Hosting

Experience seamless and comprehensive accounting with QuickBooks Hosting – your all-in-one solution for accounting operations anywhere and anytime. Today’s business landscape is competitive and dynamic. Businesses must rapidly adapt and.

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Accountants, IRS and DOJ hunt for fraud

Accounting Today

The Internal Revenue Service is warning taxpayers to be on the lookout for charity fraud as accountants look to advise clients on how to detect and avoid fraud.

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Types of payroll fraud

Accounting Tools

Payroll fraud is the theft of cash from a business via the payroll processing system. There are several ways in which employees can commit payroll fraud, as noted below. Among the more common types of payroll fraud are not paying back an advance, buddy punching, and time sheet padding. Advance Retention Fraud The most passive type of fraud is when an employee requests an advance on his pay and then never pays it back.

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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.