Trending Articles

article thumbnail

Public losing trust in taxes

Accounting Today

Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good, according to a recent survey.

Tax 244
article thumbnail

Unlocking Growth: How Accurate Financial Reporting Can Propel Your Business Forward

Accounting Department

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Essential Insights on Zero-Based Budgeting Techniques

Intuit

Understanding zero-based budgeting Do you know exactly where every dollar you earn goes each month? If you dont, zero-based budgeting might be worth a try. This popular budgeting method asks you to allocate every dollar you earn to specific expenses, giving each of those dollars a specific job. Unlike traditional budgets that might leave room for overspending, zero-based budgeting aims for precision.

Budgeting 130
article thumbnail

Moving Beyond OCR: How Ascend AP Delivers True Accounts Payable Automation

Ascend Software blog

OCR Technology: A Great Start for AP Efficiency As businesses look to modernize their accounts payable (AP) operations, Optical Character Recognition (OCR) has become an important tool for streamlining invoice processing. Solutions like Workdays Supplier Invoice Automation (SIA) leverage OCR to extract invoice data, reduce manual data entry, and speed up workflowsan excellent first step for many organizations.

article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

2024 re:Invent announcement recap for AWS Cloud Financial Management services

AWS FinOps

I have been putting off writing a summary of all the announcements our Cloud Financial Management (CFM) team made at 2024 re:Invent. My procrastination is partly due to the holiday preparations like many of you. However, more importantly, Ive been waiting for one more announcement. Now, with great pleasure, I am happy to share with you the ten features recently added to the AWS CFM portfolio of services.

FinOps 75
article thumbnail

IRS boosts standard mileage rate for 2025

Accounting Today

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

More Trending

article thumbnail

6 Practical Budget Apps for Your Finances

Intuit

6 best budgeting apps for managing your money Theres no limit to what the smartphone in your pocket can do. Sure, its a great source of news and entertainment, but it can be a tool to help you get ahead. And, if your finances are an area youre looking to improve, theres no shortage of budgeting apps to help get you on track. However, the challenge becomes wading through the sea of options and choosing the one that works for you.

Budgeting 130
article thumbnail

Dec 19, 2025 Standard Mileage Rates Released

Bookkeeping Essentials

The 2025 standard mileage rates were increased by 3 cents to 70 cents per mile driven for business use. The Tax Cuts and Jobs Act (TCJA) restrictions are still in place for 2025.

Tax 80
article thumbnail

Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management.

article thumbnail

Santa Claus's tax return released

Accounting Today

H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.

Tax 242
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

The NRIC and Its Importance for Small Business Owners in Singapore

Counto

The NRIC and Its Importance for Small Business Owners in Singapore As a small business owner in Singapore, understanding the role of the National Registration Identity Card (NRIC) is essential, especially when it comes to company incorporation services. The NRIC is required in several business processes, from company registration to hiring employees and complying with tax regulations.

article thumbnail

Budgeting guidelines for living expenses

Intuit

Table of Contents What are living expenses? Categories of living expenses How to budget for monthly living expenses Budgeting tips Manage your living expenses for a brighter financial future When managing your money, living expenses are the heavy hitters. You know, those recurring costs that keep a roof over your head, food on your table, and the lights on.

Budgeting 130
article thumbnail

A Comprehensive Guide for IRS Business Tax Extension

CapActix

Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

Tax 52
article thumbnail

1099 Reporting Simplified with AP Automation 

AvidXchange

Tax season is a busy time for finance departments. Creating 1099 reporting is one task that can take less time with accounts payable (AP) automation. Read on to learn more about how technology can help your team simplify this time-consuming project. Learn More About AP Automation What is a 1099? According to H&R Block , a 1099 is a tax form used in the United States to report various types of income that are not wages, salaries, or tips.

AP 52
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

IRS to send out $2.4B for unclaimed credits

Accounting Today

The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.

Tax 237
article thumbnail

Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments

FundThrough

Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.

article thumbnail

What is a budget? 

Intuit

Table of Contents Why do you need a budget? Types of budgets How to start a budget Common budgeting mistakes Start budgeting today for a better financial future A budget is a summary of how much money you bring in and how much you spend. Think of it as a financial roadmap to measure and guide your income and expenditures for a certain period, such as a month, quarter, or year.

Budgeting 130
article thumbnail

A Comprehensive Guide for IRS Business Tax Extension

CapActix

Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

Tax 52
article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

article thumbnail

The Hidden Pitfalls of Showback: Why Your Cost Allocations Might Be Wrong

finout

Struggling with unpredictable AWS cloud bills, internal conflicts over cost allocations, and endless manual work in spreadsheets? Youre not alone. Managing AWS cloud costs can be trickyrandom allocations of discounts, including Reserved Instances (RIs), Savings Plans (SPs), and Spot Instances, often lead to unpredictable bills, internal friction, and missed optimization opportunities.

Billing 52
article thumbnail

The best and worst states for individual taxes in 2025

Accounting Today

From those with no individual income tax at all, to those with complex tax structures a guide to most and least competitive states when it comes to individual income taxes.

Tax 237
article thumbnail

Advisor Alliance: InsureTax

Insightful Accountant

We've previously introduced you to InsureTax, a new way to insure against losses resulting from an IRS tax audit. now let us tell you about the partner program InsureTax offers.

article thumbnail

What to include in a budget: 10 types of expenses

Intuit

Table of Contents Types of expenses Expenses to include in your budget Tips for managing your budget Putting your budget to work A budget is a financial record of your income and expenses over a set period of time. People often calculate and analyze their budgets yearly, quarterly, or monthly. Some might even track their expenses daily if theyre adamant about getting a handle on where their money is going.

Budgeting 130
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

It’s Official: There’s an Accountant Shortage. How Does This Hurt Small Businesses?

CSI Accounting & Payroll

Sometimes shrinking fields are a sign of innovation but other times, theyre a looming threat. Let's discuss why theres an accountant shortage, how it hurts small businesses, & how CSI adapts to the shortage. No shortage here!

article thumbnail

Bookkeeping Contract (Free Template + Instructions)

Future Firm

Clearly define services and timelines to deliver great results while enjoying more free time with our bookkeeping template and expert tips. The post Bookkeeping Contract (Free Template + Instructions) appeared first on Future Firm.

article thumbnail

IRS noncommittal on future expansion of Direct File

Accounting Today

The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.

Tax 189
article thumbnail

Happy Holidays from Insightful Accountant

Insightful Accountant

Please be safe as you observe this holiday season.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

The basics of budgeting

Intuit

Table of Contents Learning how to be on a budget Tips for making budgeting easier Creating a budget with Intuit Let’s be honest: The prospect of learning how to budget doesn’t usually spark excitement. If we had to guess, thats probably because budgets are often synonymous with limitations. But a well-crafted budget is actually more freeing than restraining.

Budgeting 130
article thumbnail

If Your Balance Sheet is Wrong, So is Your Profit and Loss Statement. Here’s Why.

CSI Accounting & Payroll

If youre like most small business owners, your Profit & Loss Statement (also called P&L or Income Statement) is your holy grail. Your Balance Sheet thats another story. You might even know that its wrong and still not care.

article thumbnail

The Ultimate Guide to Email Marketing for Accounting Firms

Future Firm

Email marketing for accounting firms can be intimidating. I get it. As an accountant by profession, you likely didnt receive […] The post The Ultimate Guide to Email Marketing for Accounting Firms appeared first on Future Firm.

article thumbnail

Congressman introduces bill to offer residence-based tax system to expats

Accounting Today

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

Billing 173
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng