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I love attending accounting conferences. This comes as a surprise to no one who knows me (or even knows of me) Ive been featured in countless promo reels, given interviews on the topic, written tips & tricks articles, and talked up the amazing Accounting Cornerstone Foundation (more on them later) endlessly. Why? Accountants are boring, right? Why would anyone want to hang out with a bunch of them?
As an accountant or bookkeeping pro, you’re a bit like a superhero—saving clients from financial chaos, one transaction at a time. And while many businesses are leaping into the cloud with QuickBooks Online, some clients are still clutching their QuickBooks Desktop like it’s their favorite childhood blankie. Fear not! With the right tools and strategies, you can make their Desktop experience as smooth as a perfectly reconciled bank statement.
We are excited to announce a new offering from TaxConnex taxC . This powerful new solution combines advanced tax calculation automation with dedicated human oversight and supportdelivering end-to-end sales tax compliance. Combining the power of our managed filing and remittance services with CereTax s AI-enhanced calculation technology, taxC offers businesses a seamless, end-to-end sales, use and telecom tax management experience. taxC is designed to streamline and optimize the complex processe
In recent years, cybersecurity for schools has become a critical concern as K-12 educational institutions have become prime targets for cybercriminals, leading to significant disruptions in educational services and compromising sensitive data. A recent report by the Center for Internet Security (CIS) reveals a concerning trend: 82% of K-12 schools experienced a cyber incident between July 2023 and December 2024.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
In my precious moments of respite from tax season chaos this weekend (of which only two weeks remain, Ill remind you if you havent filed, get on that ASAP), I read an article that was a good reminder of why I started my business in the first place. It was about a nurse anesthetist who started making quilts for his son, and turned his hobby into a side hustle, bringing in 1.4 million a year.
10 min read April 2nd, 2024 Many small business owners spend too much time and money on back-office processes. In small and medium-sized businesses, owners tend to rely on manual processes. Plus, they often take on the daily bookkeeping and accounting tasks themselves or spend too much on hiring in-house professionals to manage their back-office processes.
Did your accountant (possibly me) ask you to make a business tax payment for your Illinois pass-through entity, such as a Partnership or S-Corp — maybe an estimated tax payment or extension payment? And you’re not entirely sure how to make that happen? Well, you’ve come to the right place. The big difference between making an Illinois Department of Revenue (IDOR) payment for an individual (or even with a sole proprietorship) and an entity-type business (for example, a Partnersh
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Did your accountant (possibly me) ask you to make a business tax payment for your Illinois pass-through entity, such as a Partnership or S-Corp — maybe an estimated tax payment or extension payment? And you’re not entirely sure how to make that happen? Well, you’ve come to the right place. The big difference between making an Illinois Department of Revenue (IDOR) payment for an individual (or even with a sole proprietorship) and an entity-type business (for example, a Partnersh
The bustling corridors of an airport or a shopping mall present a lucrativeopportunity for franchises and retail companies to capitalize on foot traffic. This increase in sales opportunities can also factor into the companys lease agreement with the commercial management company. A percentage lease may be required in these circumstances, which may present a new set of challenges regarding compliance and financial reporting for franchisees and retail owners.
We recommend founders take these five action steps right now to prepare for the ramifications of a tariff war. The post Preparing Your Startup for the Fallout of a Tariff War appeared first on Burkland.
The headline may sound like a joke but that’s basically what departing RSM Australia CEO Jamie O’Rourke told Australian Financial Review in an interview : Mid-tier accounting firm RSM Australia will not join its rivals in picking off partners from the struggling big four firms as it believes the competitive workplace culture fostered at the top four could damage its carefully curated ethos.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Scaling a business isnt just about increasing sales or expanding your team, it requires a solid financial foundation to navigate successful growth. Without a clear understanding of your financial health, rapid growth can lead to cash flow issues, inefficiencies, and even business failure. One of the best ways to ensure sustainable growth is by tracking the right metrics and key performance indicators (KPIs) with powerful tools like Xero or other cloud-based accounting solutions.
With great power comes great responsibility: transparency, trust, and efficiency are the backbone of the financial services industry. Blockchain materialized as a game changer; while it was first exposed through Bitcoin, it goes deeper than cryptocurrency. It is expected to change the financial services industry forever, from smart contracts to cross-border payment transactions and tokenization.
It is not our differences that divide us. It is our inability to recognise, accept, and celebrate those differences. – Audre Lorde, writer and activist. What is diversity, equity and inclusion? Diversity means having people with different backgrounds, identities, and experiences. Equity ensures fair opportunities for everyone, while inclusion creates a welcoming environment where all feel valued and respected.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Highlights: Continuous Transaction Controls (CTC) mandates Business automation and CTC compliance Consequences of non-compliance and future readiness In the ever-evolving landscape of global commerce, Continuous Transaction Controls (CTCs) have emerged as a pivotal element in ensuring compliance and enhancing business automation. Kirsty Kerr, Director, Product Management, Thomson Reuters and Nazar Paradivskyy, Director Regulatory Affairs, Pagero, part of Thomson Reuters, spoke at Synergy 2024.
When it comes to managing your accounting system, the Audit Log in QuickBooks Online (QBO) is the unsung hero you didn’t know you needed. It’s like having a detailed diary of every move made in your books—who did what, when, and how. In this post, we’ll dive into the applications, limitations, and some pro tips to help you make the most of this powerful feature.
Mergers and acquisitions (M&A) involving multi-unit franchise operations requires a meticulous approach to ensure a successful transaction. Potential buyers will need to understand all facets of the business on an overall and individual location basis. Financial due diligence (FDD) is a critical component of this process, offering numerous benefits that can significantly impact the outcome.
Legislation providing two pathways to a CPA license unanimously passed both chambers in the Georgia General Assembly and is awaiting the governor's signature.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Have you ever entered a transaction in QuickBooks Online (QBO), only to have it disappear and then not be sure how to find it? The good news is that there are actually numerous ways to find transactions that you have entered in QBO. You just need to know where to look. How are Transactions Categorized in QBO? When you enter a transaction in QBO, there are only two final destinations for it - the balance sheet or profit and loss report.
Catherine Morgan is the visionary founder of The Money Panel and creator of the groundbreaking Money Narratives Clearing Method. A former financial adviser with 20+ years experience, Catherine bridges the critical gap between emotional and practical money relationships focusing on the psychology of money. Her powerful framework helps professionals build deeper client relationships, enhance implementation rates, and stand out in an increasingly AI-driven market.
Jump to What is blockchain? How blockchain works in accounting Key considerations for accounting professionals adopting blockchain Practical steps for accountants to get started The future of blockchain in accounting Transform your firm with blockchain In the rapidly evolving accounting landscape, staying ahead of technological advancements is crucial for maintaining a competitive edge.
Human capacity planning, in the context of project management, is just like creating a grocery list before baking! It’s about ensuring you have all the necessary ingredients (in this case, team members and skillsets) ready when you need them. Let’s look into the capacity planning process and how project managers can use it to drive project success.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
E-commerce businesses face unique challenges when it comes to managing financial workflows, sales channels, and inventory. QuickBooks Commerce has emerged as a tool designed to streamline these processes, providing a structured approach to managing online sales. In this blog, we’ll dive into the features of QuickBooks Commerce, explore its benefits, and share actionable insights to help you optimize your e-commerce operations.
If you do business in Texas, youve probably heard of franchise tax. But you may not know exactly what the Texas franchise tax is or if it applies to you. This blog post and Texas franchise tax FAQ will answer the following questions.
When buying or selling a business, taxes play a critical role in determining the financial outcome of the transaction. The way a deal is structuredwhether as a stock sale or an asset salecan significantly impact the tax liabilities for both buyers and sellers. Without careful planning, taxes can eat into profits, increase costs, and create. The post Consulting for Buy/Sell Transactions: Tax Considerations and Strategies appeared first on LSL CPAs.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The use of AI in the legal industry has emerged as a potential solution for managing routine tasks and optimizing workflows. Some legal professionals have begun exploring AI tools for document review, research and basic contract analysis, though adoption remains measured. Weve all heard anecdotal news of someone using ChatGPT to submit a fully hallucinated brief with false information and fabricated citations as fact.
Did you make payments to independent contractors during the year? If so, you must use Form 1099-NEC. For accurate reporting of contractor payments, learn how to fill out a 1099-NEC. Who needs to fill out Form 1099-NEC? Businesses that make contractor payments must report them on Form 1099-NEC, Nonemployee Compensation.
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.
More than 61.5 million Americans have received their annual tax refunds from theIRS, with the average filer getting back about 4% more than they did last year.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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