Accounting Today

SEPTEMBER 26, 2024

Accountants weigh in on which companies have cyber vulnerabilities, states with the highest tax collections per capita and other key metrics.

Auditing 277

Auditing Collections Tax Accounting 277

Accounting Today

OCTOBER 16, 2023

The Internal Revenue Service is trying to leverage the extra funding to collect more taxes, but has spent surprisingly little so far.

Tax 312

Tax Collections 312

Accounting Today

MAY 23, 2024

The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.

Auditing 325

Auditing Collections Tax 325

Accounting Today

SEPTEMBER 20, 2023

The top three states had an average change percentage of 215.76% between 2021 and 2022.

Collections 294

Collections Tax Corporation Tax 294

Xero

DECEMBER 4, 2023

When it comes to manual tasks, there are few that are more burdensome than sales tax. Automate your sales tax calculations in Xero Auto sales tax brings advanced sales tax management directly into Xero, helping you automate sales tax calculations, reporting and filing. But we have some great news.

Tax 186

Tax XERO Invoicing Collections 186

Intuit

SEPTEMBER 18, 2024

Table of Contents What Is a Tax Preparer? What Does a Tax Preparer Do? How to Become a Tax Preparer in California Tax Preparer Training Current Openings for Tax Preparers With the workforce rapidly diversifying in 2024, many people in California are naturally looking for more flexible scheduling in their jobs.

Tax 130

Tax Customer Service CPA Auditing 130

Accounting Today

DECEMBER 5, 2023

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Tax 183

Tax Collections Corporation Tax 183

Accounting Today

DECEMBER 4, 2023

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

Tax 177

Tax Collections 177

LedgerDocs

JULY 6, 2023

But collecting and organizing these documents can be a daunting task. The post Bookkeeping Document Checklist: Collect and Organize Your Financial Documents appeared first on LedgerDocs. Accurate record keeping can help you to remain organized, compliant and gain insight into the financial position of your business.

Collections 97

Collections Bookkeeping Petty cash Purchase Order 97

Accounting Fun

AUGUST 25, 2023

A retired tax inspector once told me that the correct collective noun was a 'bunch of bastards'! I've since been collating other suggestions: A grab of tax inspectors A menace. A conniving. A levy (levee). An Inquisition. A Spectre. A ruination. An infliction. A calamity. A frisson. A vexation. A ravishment.

Collections 40

Collections Tax 40

Accounting Today

JANUARY 12, 2024

The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.

Collections 345

Collections Auditing Tax 345

LedgerDocs

MARCH 23, 2023

As a bookkeeper or accountant for a Canadian business, it is important to stay on top of the tax-related documents that need to be prepared for to ensure compliance with Canada’s taxation laws. So, what documents should bookkeepers or accountants of Canadian business owners be aware of to collect during tax season?

Collections 71

Collections Bookkeeping Tax Financial Statements 71

Accounting Today

NOVEMBER 28, 2023

Deploying 1,400 tax collectors — touted by the government as "paramilitary trained" in order to discourage resistance — is the most aggressive in a long line of controversial steps to nearly double the government's revenue collection to a quarter of gross domestic product by 2030.

Tax 136

Tax Collections 136

LedgerDocs

APRIL 12, 2023

Navigating the numerous tax deductions available in Canada can be a daunting task. From charitable donations and home renovations to medical expenses and more, there are a plethora of credits and deductions that can help your clients reduce their tax bill this tax season. Try it free today.

Collections 52

Collections Tax Billing Accounting 52

Intuit

MARCH 26, 2023

Taxes can be confusing. Intuit has helped tens of millions of families and small businesses take charge of their finances by helping them understand, prepare, and file their tax returns confidently—millions of them for free. That’s when he decided to try Intuit TurboTax—and found not just tax help, but people who cared.

Tax 246

Tax CPA Collections 246

Intuit

MAY 10, 2024

Over the last 30 years, the tax code has more than tripled in size. But, we know that no matter who files your taxes, the tax code is now just too complex. After all, tax refunds are often the biggest check of the year for families. We’ve spent this tax season highlighting some of the ways Congress can help.

Tax 130

Tax Collections Billing 130

Accounting Today

AUGUST 22, 2023

The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.

Tax 246

Tax Collections 246

Ace Cloud Hosting

JUNE 26, 2024

Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.

Tax 59

Tax Collections 59

LedgerDocs

NOVEMBER 3, 2023

With tax season just around the corner it is the perfect time to begin thinking about how to get the most out of your deduction. Maximizing your tax return from 2023 requires some careful pre-planning and strategic decision making throughout the year. Another account to contribute to to reduce your tax liability is a TFSA.

Tax 104

Tax Collections Bookkeeping Invoicing 104

Accounting Today

JULY 12, 2023

The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.

Collections 246

Collections Tax 246

Accounting Today

SEPTEMBER 19, 2022

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Collections 246

Collections Tax 246

Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

Accounts Receivable 98

Accounts Receivable Accounts Receivable Account Receivables Collections 98

Accounting Tools

OCTOBER 13, 2023

Related Courses Sales and Use Tax Accounting What is Sales Tax? A sales tax is a tax imposed on retail goods and services at the point of sale. The tax is collected by the entity selling the product or service to a third party, and is remitted to the applicable government entity at regular intervals.

Tax 73

Tax Collections Accounting Accounting 73

LedgerDocs

AUGUST 16, 2024

As an accountant or bookkeeper, you know how common it is for a small business owner to miss out on valuable tax deductions simply because they fail to keep track of all their receipts. Set up a simple and streamlined process for collecting and organizing these receipts. Schedule a 1:1 Demo and see our platform in action.

Bookkeeping 59

Bookkeeping Tax Collections Invoicing 59

Accounting Tools

NOVEMBER 7, 2023

Related Courses Sales and Use Tax Accounting Sales tax is a state and local tax paid by the buyer of goods and services at the point of sale. It is derived by multiplying the price paid by the sales tax rate. There are three different scenarios involving sales taxes, and the accounting treatment varies in each scenario.

Tax 75

Tax Collections Accounting Accounting 75

Blake Oliver

JULY 18, 2023

Tax pros - want an inside look at TurboTax's new full-service offering for business returns? You can use it as a learning experience to understand what business owners will now expect when getting their taxes done. Permalink

Tax 98

Tax CPA Collections 98

Accounting Tools

MARCH 29, 2024

What are Sales Taxes Payable? Sales taxes payable is a liability account in which is stored the aggregate amount of sales taxes that a business has collected from customers on behalf of a governing tax authority. Related Articles How to Account for Sales Tax Paid on Inventory? Sales and Use Taxes

Tax 40

Tax Accounts Payable Accounts Payable Collections 40

Accounting Tools

JULY 25, 2023

Related Courses Sales and Use Tax Accounting Overview of Sales Taxes Customers must be charged a sales tax on some sales transactions if the seller has nexus in the territory of the government entity that charges the tax. Having nexus can result in multiple overlapping sales taxes.

Tax 74

Tax Accounting Accounting Account Receivables 74

Intuit

AUGUST 30, 2023

Understanding the Average Cost of Tax Preparation for Small Businesses Understandably, small business owners want to know the average cost of their tax preparation. The cost of tax preparation depends on multiple factors, and many are hard to predict in advance. The truth, however, is that it varies.

Tax 130

Tax Accounting Accounting CPA 130

Xero

SEPTEMBER 2, 2024

In fact, payroll professionals contribute significantly to the UK’s economy, helping collect a staggering £404 billion through PAYE, income tax, and National Insurance.* Source: Tax receipts and NI contributions table. Thank you for trusting Xero as your payroll partner and for all the hard work you do, day in and day out.

Payroll 174

Payroll XERO Collections Tax 174

Intuit

AUGUST 30, 2024

Account management: They manage accounts payable and receivable, process invoices, reconcile accounts, and ensure timely payments and collections. Payroll processing: Bookkeepers may handle payroll functions, calculating salaries, deductions, and taxes. Looking for an accounting or bookkeeping job?

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water. Your primary residence is usually exempt.

XERO 224

XERO Accounting Accounting Bank Reconciliation 224

Xero

JUNE 5, 2024

Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve key business challenges. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

AR 190

AR XERO AP Collections 190

Xero

AUGUST 14, 2024

Being able to make and collect payments without leaving Xero is a powerful tool for your clients. Expanded state-based sales tax reporting [US]: You’re now able to generate sales tax reports for every state and filing period automatically.

XERO 193

XERO 1099 Preparation General Ledger Bank Reconciliation 193

Accounting Today

MAY 18, 2022

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Collections 269

Collections Tax 269

Jetpack Workflow

MARCH 20, 2024

As you onboard more tax clients to grow your firm, generating higher top-line revenue can be exciting. With each additional tax return, the incremental administrative tasks required can bog down your team’s productivity. Generally, you can group the steps to prepare and file a tax return for a client into 3 main segments.

Tax 52

Tax Collections Accounting Software XERO 52

Accounting Today

JANUARY 4, 2023

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Collections 141

Collections Tax 141