Wed.Nov 15, 2023

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The major benefits of AP Automation.

Airbase

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. Automation replaces the manual accounts payable process with software that can make everyone more efficient and lead to cost savings.

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How to Find FP&A Solutions That Meet Your Business Needs

Acterys

Corporate financial planning and analysis (FP&A) involves more than budgets, forecasts and spreadsheets. FP&A solutions deliver key insights into business performance and financial health that drive strategic decisions and set companies on the path to growth. Unfortunately, too many companies are slow to detect or address performance issues.

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Building a better P2P solution at breakneck speed.

Airbase

It’s been just seven months since we launched our groundbreaking Guided Procurement module, which represents a new milestone for spend management. Guided Procurement closes the loop on the multi-stakeholder compliance requirements that must be met in the procurement process. The result is being able to offer a full procure-pay-close platform that has earned rave reviews.

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IRS Revolutionizes Correspondence With Taxpayers Through New Online Document Upload Tool

Withum

In a move aimed at modernizing and streamlining the interaction between the Internal Revenue Service (IRS) and taxpayers, the IRS has recently announced the launch of its new Online Document Upload Tool. This tool represents a significant shift from the traditional method of correspondence, which primarily involved sending paper documents via regular mail.

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Which Month-End Close Automation Software is Right for You?

Companies are increasingly choosing to automate their month-end close process, hoping to get rid of manual activities, save time, and get control of the close. By allowing technology to take the wheel, finance leaders can streamline and optimize the close, leading to greater accuracy, reduced risk, and improved efficiency. This being said, it can still be difficult to find the best month-end close solution for your team.

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Why 2024 will be the year of generative AI for investment accounting

Accounting Today

While it initially garnered attention for its creative applications in content and image generation, the true potential of generative AI lies in its ability to unlock new ways of thinking in the business world.

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AICPA Honors 3 Tax Experts with Dixon and Horn Awards

CPA Practice

The American Institute of CPAs recently recognized three prominent Tax Division members during the 2023 AICPA & CIMA National Tax & Sophisticated Tax Conference and Fall Tax Division Meetings. Michael P. Dolan, JD, and Edward S. Karl, CPA were presented respectively with the Arthur J. Dixon Award and Brian D. Myers, CPA, received the Jonathan Horn Distinguished Service Award.

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More Trending

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Rejoice! EY Has Elected a New Global CEO

Going Concern

Well it looks like Everest cheerleader Andy Baldwin didn’t get his wish to completely change how EY handles mandatory retirement age so that he could take the crown at 57 years old. Suck it, Baldwin. Just two hours ago, EY announced the firm has selected Janet Truncale to be EY Global Chair and CEO , effective July 1, 2024. She of course steps into the highly polished shoes of Carmine Di Sibio who sadly only made it a single term.

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Engagements

Canopy Accounting

Canopy Engagements enables you to manage all interactions and touch points with clients, keep information secure and easily accessible, and simplify the process for clients to interact with you — all directly within Canopy.

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Anders Implements a Firm-Wide Quiet Week During Thanksgiving Week November 20-22, 2023

Anders CPA

To empower our employees to focus on individual projects and their professional development, Anders will be implementing a Quiet Week leading up to Thanksgiving. Interactions internally and externally will be limited from Monday, November 20 through Wednesday, November 22. The firm will be closed Thursday, November 23 and Friday, November 24 in observance of the Thanksgiving holiday.

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Fostering Exquisite Enterprises for a Thriving Future: Introducing the winners of Xero Beautiful Business Fund and State of the Industry Report

Insightful Accountant

Xero unveils the recipients of the prestigious Xero Beautiful Business Fund and present an insightful State of the Industry Report. Join us as we delve into the world of fostering exceptional enterprises.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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Inflation Drops in U.S.

CPA Practice

By Augusta Saraiva, Bloomberg News. (via TNS) U.S. inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking interest rates. The so-called core consumer price index, which excludes food and energy costs, increased 0.2% from September, according to government figures. Economists favor the core gauge as a better indicator of underlying inflation than the overall CPI.

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4 Super Easy Ways to Increase Your Firm’s Referrals

Insightful Accountant

Referrals are the best way increase your firm’s prospect pipeline and are worth way, way more than any referral you could get through traditional marketing sources, including social media and PPC (pay-per-click) ads.

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Ignition and Intuit Expand Partnership

CPA Practice

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. Accounting and tax firms are now able to import their ProConnect clients into Ignition, filter clients by return type, and send tax proposals to multiple clients in bulk using templates – enabling them to improve efficiency and profitability this tax season.

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What is an Engagement Letter and Why Accountants Need Them

Canopy Accounting

Engagement Letters are a critical tool in the accounting profession. They serve as a binding document between an accountant and their client, outlining the responsibilities and expectations of each party. But what exactly are they, how are they used, and why are they an important tool for accountants? Let's dive in.

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2024 Payroll Calendar Templates

These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.

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Understanding Form 8283 and non-cash charitable contributions

ThomsonReuters

Jump to: What is Form 8283? Boat donation tax deduction What is the cost basis for non-cash charitable contributions? Tax deduction for donation of clothing What are the rules for non-cash donations? Can donated services be tax deductible? Tax benefit for donating a car Helping clients with non-cash charitable contributions on their tax return Donating to charitable organizations not only enriches society but can also offer beneficial tax deductions.

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Forvis and Mazars form global network

Accounting Today

The two-member combination will be called Forvis Mazars when it's finalized next June.

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FAQ on giving to non-charity organizations

ThomsonReuters

Jump to: Are political donations tax deductible? Are church donations tax deductible? Are GoFundMe donations tax deductible? Are donations to the ACLU tax deductible? Are donations to Planned Parenthood tax deductible? Helping clients with non-charity donations on their tax returns When it comes to giving, most people immediately think of charitable donations to organizations like the Red Cross or Salvation Army.

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PCAOB releases flood of fines and sanctions

Accounting Today

The audit overseer hit at least nine different firms, with fines totaling approximately $4 million.

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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 SEC Has Released Its Enforcement Action Totals For 2023, Will Have to Try Harder Next Year

Going Concern

The Securities and Exchange Commission has released its enforcement action totals for 2023 and while enforcement actions were up, they did not beat 2022’s record of $6.4 billion in penalties and disgorgement. Better luck next year, guys. In fiscal 2023, the SEC filed 784 total enforcement actions, a three percent increase over fiscal year 2022.

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New QuickBooks offerings focused on automation, efficiency, integration

Accounting Today

Intuit QuickBooks announced a raft of new capacities and features, mostly focused on automation, workflow efficiency and integration.

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Schedule A and tax-deductible donations to charities

ThomsonReuters

Jump to: Which donations are tax deductible? Charitable contributions from IRAs How much of a donation is tax deductible? Rules for cash donation tax deductions Filling out Schedule A for Form 1040 Helping clients with tax deductible donations on their tax return As the season for giving approaches, many individuals and businesses consider making monetary donations to charitable organizations.

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17% of Retirees Consider Returning to Work

CPA Practice

By Howard Hook, CPA, CFP®. They leave to good cheer and perhaps some feelings of envy, as a retirement party and gifts from their colleagues usher them off to the next chapter in their lives. Then, for various reasons and maybe in just a matter of months, they un-retire, and return to the workforce, at least in some cases with their tails between their legs.

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DOL Final Overtime Rules: Quickstart Guide for Employers

On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.

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Technology’s role in global trade management

ThomsonReuters

In a recent webinar moderated by SupplyChainBrain editor-in-chief Bob Bowman , a panel of global trade experts gathered to discuss the Thomson Reuters 2023 Corporate Trade Survey Report , which explores how global trade professionals are thinking about the issues they face and what their current management priorities are. Indeed, the challenges facing global trade professionals are many and growing.

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Carson Block, Nate Anderson become SEC tipsters for cash payouts

Accounting Today

Alongside their public reports, short sellers are quietly sharing their research about sketchy accounting and other misdeeds with the Securities and Exchange Commission's whistleblower office in hopes of making some extra money.

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Unlock the Full Potential of Caseware Working Papers with Sherlock: Your Data Detective!

LSLCPAs

In the digital age, we’re swimming in an ocean of data that’s as vast and deep as the imagination itself. The numbers are staggering; according to statista.com, we’re talking about 328.77 million terabytes of data being churned out daily, with a mind-blowing 120 zettabytes predicted this year alone. And brace yourselves, because this data tsunami.

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EisnerAmper merges in SKP

Accounting Today

The deal is expected to close early next year and is the latest in a string of M&A transactions since EisnerAmper received private equity funding.

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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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The Largest Private Company in the U.S.

CPA Practice

By Brooks Johnson, Minneapolis Star Tribune. (via TNS) With Cargill’s record-setting revenue announced earlier this year, the company has once again claimed the top spot in the annual Forbes ranking of America’s largest private companies released Tuesday. The Minnetonka-based firm has topped the list almost every year since Forbes introduced it in 1985.

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Fresh accounting issues add scrutiny on Brazil retailers

Accounting Today

Magazine Luiza's announcement of accounting "inconsistencies" deals another blow to companies that have struggled after the scandal that brought down Americanas.

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Aprio to Add Bay Area Firm Rubens Partners

CPA Practice

Top 30 accounting firm Aprio will be merging in Lafayette, CA-based CPA firm Rubens Partners on Dec. 1. As part of the deal, 14 Rubens Partners team members, including partners Sharon Rubens and Linda Martins, will join Atlanta-based Aprio. The firm’s employees will relocate to Aprio’s existing office in Walnut Creek, CA, and join Aprio’s West Coast team, led by Tom Neff, West Coast regional leader.

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10 Investment Lies and What You Should Really Do

Withum

Investing is a serious business. Investing for your long-term financial security is even more serious since it could determine how you spend the rest of your life. A problem is that many of the people we rely on are acting in their own best interests, not yours. Yet they tell you to trust them to help you prepare financially for your future. I will be presenting a program on Thursday, November 16, 2023, on some of the many lies you are being told, how to protect yourself, and what to do instead.

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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.