Insightful Accountant
AUGUST 14, 2024
Irana Wasti of BILL discusses how the economic volatilities of the past few years have been challenging for finance teams, with inflation and uncertainty driving efficiency pressures and creating cash flow concerns for some businesses.
Withum
AUGUST 14, 2024
On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby. The relief provided in IR-2024-205 postpones various tax filing and payment deadlines that occurred beginning on August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina – the postponement period.
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CPA Practice
AUGUST 14, 2024
Small business accounting technology maker Xero opened its annual Xerocon event in Nashville, Tennessee, on Wednesday, hosting more than 1,000 accounting professionals, financial advisors, and business consultants. Worldwide, the Xero platform has more than 4.2 million subscribers. During the morning’s keynote session, Xero CEO Sukhinder Singh Cassidy welcomed the attendees and then discussed the accomplishments the company has made in the last year with “resetting foundations, shaping aspiratio
Accounting Today
AUGUST 14, 2024
A new study reveals increases in both local and new tax rates across the country, highlighting an urgent need for revenue at the municipal level.
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4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
CPA Practice
AUGUST 14, 2024
A newly updated Written Information Security Plan (WISP) is now available from the IRS, designed to help protect tax professionals against continuing threats from identity thieves and data breaches. The updated 28-page template , “Publication 5708, Creating a Written Information Security Plan for Your Tax & Accounting Practice,” was announced by the agency and its Security Summit partners—representatives of state revenue departments and the tax industry—on Aug. 13 as part of their “Protect Y
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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Accounting Today
AUGUST 14, 2024
The CPA certification is the third-most valued credential for CFO roles, according to a report by the Pennsylvania Institute of CPAs.
Going Concern
AUGUST 14, 2024
Just the other day we were talking about EY missing its revenue target and many, many people on the payroll getting disappointed by this year’s promotions, raises, and bonuses as a result. We don’t have numbers yet as the firm won’t announce until September but we do have revenue results for EY Australia released today. You ready? EY Australia reported (unaudited) revenue of $2.81 billion ($1.86 billion USD) in FY24, down from $2.97 billion ($1.97 billion freedom bux) in FY23.
Patriot Software
AUGUST 14, 2024
Do you file Forms 1099-MISC or 1099-NEC? If so, you might mix up the forms, enter incorrect information, or use a form from the wrong tax year. If you make a mistake on either form, you may need to issue a corrected 1099. “Mistake” is the last word you want to hear in business.
AccountingDepartment
AUGUST 14, 2024
In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.
Speaker: Chandra McCormack, CPA, MBA, NACD.DC
Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.
Xero
AUGUST 14, 2024
Running a small business in the US or Canada comes with its fair share of unique challenges. That’s why Xero has been doubling down on building out our product capabilities for the unique needs of this region. Today, on stage at Xerocon Nashville, I was very excited to unveil the huge number of improvements Xero has made to make things easier for small businesses and their advisors.
Accounting Today
AUGUST 14, 2024
Everyone in the state who was affected by the storm now has until Feb. 3 to file and pay.
Withum
AUGUST 14, 2024
Typically, when performing a business valuation for SBA 7(a) purposes, the prospective buyer is seeking to purchase both the business and its underlying real estate from the seller. In these instances, it is important to ensure the relationship between the company and the real estate is addressed correctly. Otherwise, the business valuation may provide an unreliable conclusion.
Patriot Software
AUGUST 14, 2024
HR compliance can be a nightmare for overwhelmed small business owners. You need buttoned-up HR processes to avoid compliance-related penalties and lawsuits. This takes time—a commodity most business owners don’t have. Is it possible to streamline your HR processes to stay compliant with federal, state, and local regulations? Yes.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
AUGUST 14, 2024
The International Public Sector Accounting Standards Board has proposed an update to its rules for first-time adoption of accrual basis International Public Sector Accounting Standards.
Xero
AUGUST 14, 2024
The way we pay for products and services is changing faster than ever, and as a small business owner it’s important to keep up with these shifts to meet customer expectations. As payment trends evolve, you need to have all the facts so that you can get paid as fast as possible. So we asked consumers, ‘How do you want to pay?’ and delved into what options small businesses were offering today as well as the administrative challenges of paying suppliers.
Accounting Today
AUGUST 14, 2024
Diya Jolly, Xero's chief product and technology officer, announced several new products and enhancements for bank reconciliations, payments, compliance and more.
Accounting Insight
AUGUST 14, 2024
New feature uses machine learning to enhance revenue predictions and improve decision-making for businesses Chaser, the leading global accounts receivable SaaS provider, has launched the Revenue forecast. This new tool enables businesses to automatically predict future revenue, improving their financial planning and decision-making. Accurate revenue forecasting is essential for effective financial planning and business growth.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Accounting Today
AUGUST 14, 2024
Accountants play a crucial role in guiding our clients through some of their most stressful moments — the challenges of growth and the complexities of the acquisition process.
Insightful Accountant
AUGUST 14, 2024
Recent Supreme Court decisions have sent shockwaves through the accounting profession, particularly in the realm of tax law. These changes introduce a level of uncertainty that may make many tax professionals uncomfortable.
Accounting Today
AUGUST 14, 2024
Sukhinder Singh Cassidy, CEO of Xero, outlined her "Win On Purpose" strategy, which involves a focus on accounting, payments and payroll in the US, UK and Australian markets.
Withum
AUGUST 14, 2024
The Metropolitan Museum of Art (The Met) is one of the greatest museums in the world. Yet many people living in or surrounding New York City have never been there. Realizing this, for several years, I took a group of interns each summer on a day trip in Manhattan, culminating with an afternoon at The Met. I organized my tour centered around four works of art that have a connection to accounting.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
Cherry Bekaert
AUGUST 14, 2024
While it may be an Olympic year, sponsors and developers are not ones to play games when searching for funding for their real estate deals. Rising inflation and interest rates coupled with legislative changes have created shifts and challenging hurdles in the real estate industry. Sources of traditional capital are under pressure due to economic uncertainty, and the industry is being forced to explore other funding avenues.
Accounting Insight
AUGUST 14, 2024
What does the finance function of the future look like? While some might envision futuristic CFO holograms or robots handling invoices, industry insiders know it’s much more complex than that. Emerging tools such as AI and machine learning are revolutionising how finance teams operate. Here’s how these technologies are streamlining the accounting world of the future to be as simple as ABC.
Menzies
AUGUST 14, 2024
Menzies LLP - A leading chartered accountancy firm. Discussing inheritance tax often evokes feelings of uncertainty and discomfort, often accompanied by uncomfortable conversations around death and inheritance. Yet, it’s a crucial aspect of estate planning in the UK. With a labyrinth of regulations and emotional considerations surrounding the topic, it’s essential to approach it pragmatically.
Accounting Insight
AUGUST 14, 2024
Penfold (getpenfold.com), the innovative digital pensions provider, is excited to announce it reached £500m AuA, doubling assets from £250m in the last 12 months and achieving growth of 260% from £139m at the start of 2023. This robust growth trajectory has been driven by the rapid expansion of its workplace pension offering, enabled by a proprietary technology platform that helps accountancy firms and payroll bureaus streamline their clients’ auto enrolment obligations.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
Accounting Today
AUGUST 14, 2024
First understand how things get done at your firm. Who needs to give a green light for an initiative to move ahead?
Insightful Accountant
AUGUST 14, 2024
As part of our continuing coverage of various General Ledgers that might substitute for QuickBooks Pro-plus and Premier-plus Desktop, we are exploring a new functionality being offered by Xero, their 'Inventory Plus' option.
Ryan Lazanis
AUGUST 14, 2024
Do you know what actually impacts your firm’s value? Discover the 5 key factors buyers consider when determining your firm's worth. The post The 5 Biggest Factors Impacting Your Firm’s Valuation (In Order) appeared first on Future Firm.
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