Thu.Oct 24, 2024

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Top 4 Business Cash Flow Mistakes

Summit CPA

Business owners experiencing inconsistent cash flow can feel out of control. Cash flow management isn't a one-size-fits-all, but there are a few common cash flow mistakes I see business owners making.

CPA 105
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PCAOB Provides Three Resources For Auditors On the New Quality Control Rules

CPA Practice

The Public Company Accounting Oversight Board (PCAOB) posted three new resources on Oct. 23 related to the implementation of QC 1000, A Firm’s System of Quality Control , a new standard the board approved this past May. Before the new standard was adopted by the board, the quality control rules on the books were developed and issued by the AICPA before the PCAOB was established in 2002.

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Chaser celebrates a decade of revolutionizing accounts receivables with AI and automation

Accounting Insight

Chaser , the leading accounts receivable platform, is proud to mark its 10-year anniversary. What began in 2014 as a tool to automate overdue invoice reminders has evolved into a globally recognized platform, and has empowered over 7,000 businesses to manage credit control efficiently. In the past decade, Chaser has helped businesses recover £30 billion in late payments and saved more than 6 million hours of manual work by continuously advancing the field of credit management with AI and automa

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How to write an advisory services proposal

ThomsonReuters

← Blog home Jump to ↓ How to communicate with clients effectively What should an advisory consulting proposal include? Writing an advisory services proposal with a template An easier way to write advisory proposals The shift toward providing more higher-value advisory services continues to gain momentum as accounting firms increasingly look for ways to better serve clients, sharpen their competitive edge, and drive greater profitability.

Maine 52
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Top Remote Accountants of the Week | October 24, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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IRS starts up pass-through compliance unit

Accounting Today

The Internal Revenue Service is looking to boost its historically low audit rates for complex arrangements.

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More Trending

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A plague on both your (political) parties

Accounting Today

Accountants are pretty unhappy with the current political situation.

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Indiana Accountant Sentenced to 41 Months in Federal Prison

CPA Practice

By Ken de la Bastide The Herald Bulletin, Anderson, Ind. (TNS) Oct. 23—ANDERSON, INDIANA — An Anderson accountant has been sentenced to federal prison for the theft of almost $1 million from the Anderson company where he was employed. Nathaniel Wills, 34, of Anderson, was sentenced to 41 months in federal prison, followed by three years of supervised release, and ordered to pay $877,507 in restitution after pleading guilty to wire fraud.

Indiana 52
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Tax Fraud Blotter: Rampant self-dealing

Accounting Today

Makin' a list; caught again; back to school; and other highlights of recent tax cases.

Tax 122
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Withum Launches New Dedicated AI Services Website to Guide Businesses in Leveraging Artificial Intelligence

Withum

Withum is proud to announce the launch of its new AI-focused website, withum.ai designed to offer businesses cutting-edge services around AI strategy, implementation, engineering, and AI adoption and governance. The website will serve as a hub for thought leadership, providing valuable insights, blogs, webinars, and resources to help companies navigate the rapidly evolving AI landscape.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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CFPB Warns Firms Over Tracking Their Employees

CPA Practice

By Sally Bakewell Bloomberg News (TNS) A top U.S. consumer watchdog warned companies not to use tools that track or assess their workers without their knowledge or permission, a move that comes amid the emergence of new technology making it easier to monitor staffers. Employers are increasingly deploying tools such as algorithmic scores or background dossiers to assess workers, the Consumer Financial Protection Bureau said in a statement Thursday.

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How the 2024 presidential election could reshape corporate tax policies

ThomsonReuters

← Blog home As the 2024 presidential election looms, the corporate world is on the edge of its seat, anticipating the significant implications for tax policy that hang in the balance. The stark contrast between the Republican and Democratic visions for corporate taxation promises to reshape the business landscape. We will explore the key tax policy issues at stake, including the potential shift in corporate tax rates, bonus depreciation provisions, and the treatment of research and development (

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Finance Execs Turn to AI to Improve Corporate Reporting

CPA Practice

Fears about the integrity and reliability of crucial corporate reporting data are weighing on the minds of finance leaders around the world, but hopes are rising that Artificial Intelligence (AI) may offer some much-needed answers, according to the 2024 EY Global Corporate Reporting Survey. The ninth edition of the survey explores the views of more than 2,000 finance leaders and 815 institutional investors around the world on the state of corporate reporting.

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Elevate Your Business with Outsourced Financial Services

AccountingDepartment

In today's rapidly changing business world, small and medium-sized businesses (SMBs) face numerous challenges, especially when it comes to managing their financial operations efficiently. Many business owners find themselves juggling multiple roles, often at the expense of financial management.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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6 Factors Drive Employee Attraction and Retention

CPA Practice

About half of global employers report they are effectively delivering on each of the six individual core objectives of pay programs, despite pay being the most commonly cited reason employees join and stay with an employer. This is according to the 2024 Pay Effectiveness and Design Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.

Maine 111
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New rules for Sustainable Aviation Fuel Credit

Accounting Today

The Internal Revenue Service set the credit at $1.25 to $1.75 per gallon of fuel with a minimum reduction of 50% of GHGs.

Tax 78
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Bill360 Adds Enhancements to AR Automation Platform

CPA Practice

On October 28, attendees at the Intuit Connect conference in Las Vegas will be introduced to new features offered by Bill360, the end-to-end accounts receivable (AR) automation platform that accelerates cash flow by 20% – 30% for accountants and most B2B small-to-medium-sized business clients. The Bill360 platform already improves cash flow for B2B companies with AI and data-driven tools so they can seamlessly process larger transactions, improve client communication for customers with collabora

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Creating a continuous learning culture

Accounting Today

Learning should be an ongoing process, not just an annual obligation or an item to tick off during performance evaluations.

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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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62% of Americans Feel Behind on Emergency Savings

CPA Practice

More than 3 in 5 Americans (62%) feel behind on their emergency savings, according to a new Bankrate survey. That includes 26% who say they are slightly behind and 37% who say they are significantly behind. In contrast, just 23% feel right on track with their emergency savings, while only 15% feel ahead (5% feel significantly ahead and 10% feel slightly ahead).

Account 98
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Intuit ProAdvisor Academy offers new training, certifications

Accounting Today

Intuit announced the launch of the new ProAdvisor Academy, an expansion of the QuickBooks ProAdvisor Program which offers new training, certifications and badges.

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Tax Lobbying Ramps Up in Q3 Ahead of Elections

CPA Practice

By Caitlin Reilly CQ-Roll Call (TNS) Lobbyists this year have stressed the need for companies to engage early on next year’s expiring tax provisions, warning of the compressed timeline and the possibility that any issue could land on the chopping block amid long wish lists and pressure to curtail deficits. It seems the private sector got the message, if quarterly lobbying disclosures filed Monday are anything to go by.

Tax 64
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IPSASB issues exposure draft on tangible natural resources

Accounting Today

The International Public Sector Accounting Standards Board today issued Exposure Draft 92, Tangible Natural Resources.

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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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Expected changes to company size thresholds from 6 April 2025

Menzies

Menzies LLP - A leading chartered accountancy firm. Substantial change to company size thresholds The UK government has recently announced a substantial change to company size thresholds, the first revision to the thresholds since 2016, as they attempt to simplify the regulatory landscape for UK businesses. The changes are intended to reduce the complexity and administrative burden for companies and will directly impact the type of accounts a company is required to prepare and whether the compan

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Withum's Homegrown Innovation

Insightful Accountant

Firm's innovations enhance services and work culture. Robotic process automation results in time-savings equivalent to five full-time employees annually and ROI by the end of first month.

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Group Billing

Canopy Accounting

What's new: Send an invoice for a related group of clients to one account, thereby streamlining and enhancing the billing process. It also lets you send a group statement to one account.

Account 52
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Brex Accounting Partnership Program

Insightful Accountant

Brex is launching a a suite of new product experiences, services, and dedicated programs tailored to the needs of modern accounting professionals.

Account 52
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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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Job Growth Moderates Slightly for U.S. Small Businesses in September

CPA Practice

According to the Paychex Small Business Employment Watch for September, which reflects U.S. small businesses with fewer than 50 employees, the national jobs index moderated slightly in September (99.84) but has averaged 100.31 so far in 2024, representing modest employment growth. Hourly earnings growth for workers showed 3.01% in September, while the three-month annualized hourly earnings growth has remained below three percent for the past five months.

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App Aware: Coefficient

Insightful Accountant

Coefficient streamlines reporting, analysis, and data sharing. Works with QuickBooks Online and Xero. Extracts and refreshes your accounting date with Excel or Google Sheets.

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Top 30 Accounting Firm Has the Best Internship Program in All the Land, Vault Says

CPA Practice

For the second year in a row , top 30 accounting firm PKF O’Connor Davies not only has the best internship program in the nation for incoming public accountants, but it also has the top overall internship program in the U.S. , according to the 2025 Internship Rankings from career resource website Vault.com. This past summer, Vault surveyed nearly 20,000 current and former interns from almost 300 internship programs and asked respondents to rate a list of top companies on how prestigious their in

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The Shift from OCR to AI: Paving the Way for AP Automation

Insightful Accountant

In the world of AP automation, many organizations have relied on Optical Character Recognition (OCR) technology to streamline their invoice processing. However, with the advancement of Artificial Intelligence (AI), the landscape is changing rapidly.

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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.