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We sat down with Bob Whitefield, CRO at KPS3, to learn more about why he moved off of NetSuite and when he knew it was time to make a change. Accounting is the backbone of your business, but if your team is still relying on outdated or inefficient software, youre likely feeling the pain. When your accounting system starts to slow you down instead of supporting growth, its time for a change.
In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.
Choosing your accounting method is the first step in handling your companys books. If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.
As a business owner, youre responsible for keeping your businesss books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.
The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
Most firms take a passive approach to referrals, but a proactive strategy can bring in high-quality clients if done the right way. The post Referral Programs for Accounting Firms appeared first on Future Firm.
In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with conversation expert Mary Schmid to explore the power of high-trust conversations in accounting.
Accounting professionals know firsthand the challenges small business clients face, regardless of what industry the clients work in, geographic location, or the state of the economy. Read the 2025 Intuit QuickBooks Small Business Index Annual Report.
When companies have big problems, they usually bring out the big guns. The benefits of using large law firms, audit firms, and other professional service firms are undeniable. These firms offer a depth of experience that is invaluable, and they have seemingly unlimited resources in terms of manpower. A large firm often has the ability [.
Blog home As businesses continue to expand their global footprint, the importance of effective global payroll management has become increasingly crucial. In a recent discussion, Mariah Hantis, Senior Director, Global Operations, Payroll, and Benefits at Deel, provided insights into the key challenges, emerging trends, and best practices surrounding global payroll strategies.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e
Vacation ownership resorts operate in a unique segment of the hospitality industry, requiring solid financial management to ensure sustainability, profitability and guest and owner satisfaction. Effective budgeting and financial reporting are crucial for these entities to manage their resources efficiently, meet regulatory requirements, and provide transparency to stakeholders.
Menzies LLP - A leading chartered accountancy firm. Greg Huitson-Little , partner in our Forensic and Valuation Services team, muses on the recent budget amused by definitional debates, unpacking what the employer national insurance rises really look like, and wondering whether the nutty issue of pass-on in competition damages is about to get its biggest experiment to date.
Varying interpretations, frequent updates, and appropriate applicability. These are just a few of the issues that newer tax professionals can face when learning the U.S. tax code. To say it is complex is an understatement. Given the difficulties, it comes as little surprise that keeping up with tax law and government regulations ranked number three among the top accounting challenges in 2024 , according to Thomson Reuters research.
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e
Penfold customers now benefit from enhanced growth potential, added market protection and 100% FSCS coverage at no extra cost Penfold has worked with BlackRock to develop a unique investment strategy designed to boost the growth potential of its customers pension pots by incorporating listed real assets The new plan also offers 100% FSCS protection The majority of Penfolds customers will seamlessly transition to the new plan on 25th February 2025 Penfold , the digital pensions provider, today a
Tax seasonthat special time of year when caffeine consumption triples, restful sleep becomes a scavenger hunt, and your spouse and friends begin to question your sanity. If youre deep in the trenches of tax filings, bookkeeping clean-ups, and client questions that couldve-been-Google-searches, you know the struggle is real. But after 23 years, I feel like Im finally finding my groove and because I dont want it to take you as long to figure out as it did me, Im sharing tips and tricks that have b
In the matter of Tvl.Sri Metals Vs. State tax Officer, Assistant Commissioner (ST), Chennai W. P. No. 1911 of 2025 And W. M. P. Nos. 2189 and 2190 of 2025 M/s Tvl. Sri Metral (The Petitioner) is engaged in the business of trading metal scrap. For FY 2019-20, a show cause notice was issued to the petitioner and the same was uploaded on GSTIN of the petitioner.
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
Blog home In today’s fast-paced accounting landscape, one thing is clear: the future of the profession lies in advisory services, not just transactional work. The shift towards advisory engagements fuels a deeper understanding of clients’ business goals and strategies, integrating greater value from the outset. This transformation enables firms to provide more comprehensive support, resulting in increased revenue, deeper client relationships, and greater job satisfaction.
Payroll and tax expert Beth Jackson is not only one half of 2 Sisters Accounting, but a new business specialist, who has worked with hundreds of small businesses. How did you get into the profession? Completely by accident! I left college with my AS Levels, applied for a job in customer service at an umbrella company and got put into the payroll department as I had a maths AS Level.
Another way of asking that question is: How do you develop the key personal and business skills you need to succeed in practice? All decent accountants have spent years developing their technical skills, often through study, exams, and hands-on experience. And then investing time and money in keeping their knowledge and technical skills up to date. It has long been my experience, through observation, hearsay and anecdotal evidence that few accountants are equally meticulous about building their
Youre in the middle of a very busy (and mentally tiring) season for your Skagit County business right now. And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Youve got quite a few of those coming up, so I wanted to make sure you havent let any of them slip your mind.
You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Im excited to announce that tickets are on sale now for Xerocon Brisbane! Xerocon returns to sunny Queensland 3-4 September and this year weve invited Queensland icon Joe Brumm creator of Bluey , the most watched television series in the US in 2024 to share his inspiring journey. Xerocon is our flagship technology and innovation conference designed to empower accounting and bookkeeping professionals through learning, networking and growth – and this year we are supercharging the content,
They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks. “This is probably the most important topic that I’ve ever spoken about in this type of forum,” Lee said at the beginning of the presentation.
Legacy systems are costing manufacturers more than they realize today slowing operations, limiting flexibility and creating bottlenecks that stifle growth. For businesses ready to compete in a digitally-driven market, modernizing manufacturing systems isnt just a nice-to-have; its becoming essential. But success doesnt just depend on technology it requires aligning people, processes and systems for maximum impact.
Menzies LLP - A leading chartered accountancy firm. When people think about financial planning, they often focus on wealth accumulation, retirement savings, and investment strategies. However, financial well-being is deeply intertwined with physical and mental health. Stress from financial instability can lead to serious health issues, while sound financial planning can contribute to a healthier and more balanced life.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
The explosion of eCommerce has created a plethora of tools, resources and middlemen to help your company sell online. Some are household-name marketplace facilitators like Amazon. Others are potentially useful valuable back-office providers, like Square. Square is a point-of-sale (POS) system for merchants, either brick-and-mortar or online, to accept card payments and streamline other business operations.
Hey. Want some news? In Footnotes on Friday we included a story about Saudi Arabia’s Public Investment Fund banning projects with PwC through next February of next year. This is significant because the Middle East has been carrying Big 4 firms the past year or two, that consulting money is critical to sustain their dry practices in the US, UK, and Australia.
Accountants and other finance professionals agree that the emotional connection achieved on a phone call is stronger [1] than other communication methods yet empathy, understanding, and patience are often still lacking on client calls. Today, clients have many choices about how and when they contact their financial representatives, from online forms to chatbots, live chat, dedicated phone lines, text communication, WhatsApp, social media, and more.
The Governmental Accounting Standards Board (GASB) issued Statement No. 103: Financial Reporting Model Improvements to provide updated guidance on several areas of the financial reporting model. It is the most significant update to the financial reporting model since GASB Statement No. 34: Basic Financial Statements and Managements Discussion and Analysis for State and Local Governments was issued approximately twenty-five years ago.
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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