Fri.Mar 01, 2024

article thumbnail

With 340,000 fewer accountants, companies pay the price

Accounting Today

The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.

article thumbnail

Dispelling Myths: Understanding Form 1099-K for 2024

Insightful Accountant

To help taxpayers with filing, the Internal Revenue Service today debunked some common myths to help taxpayers understand what to do with Form 1099-K.

96
professionals

Sign Up for our Newsletter

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

article thumbnail

IRS Direct File pilot expands testing

Accounting Today

The IRS is planning to offer its free tax prep system around the clock next week and open it to a larger group of outside testers.

Tax 327
article thumbnail

Tax accounting definition

Accounting Tools

What is Tax Accounting? Tax accounting refers to the rules used to generate tax assets and liabilities in the accounting records of a business or individual. Tax accounting is derived from the Internal Revenue Code (IRC), rather than one of the accounting frameworks , such as GAAP or IFRS. Tax accounting may result in the generation of a taxable income figure that varies from the income figure reported on an entity's income statement.

Tax 75
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Why AI can be accountants' next big pivot

Accounting Today

Some generative AI scenarios and machine learning models can add incredible value even if they are right only 90% of the time.

article thumbnail

Sage 50 Cloud Hosting Guide For Beginners

Ace Cloud Hosting

Are you looking to integrate Sage 50 cloud hosting into your business’s operations? If so, this guide is the perfect place to start. Cloud-based accounting solutions like Sage 50 offer.

More Trending

article thumbnail

The Future of QuickBooks

Earmark Accounting Podcast

(Originally recorded on February 15, 2024 on Earmark Webinars+) Hector and Blake recount a brief history of QuickBooks Desktop vs QuickBooks Online through the end of 2023, the state of Intuit’s current offers and posturing in the market, and where they think QuickBooks is moving into for 2024 and beyond. Chapters (01:11) - Hector's Journey: From Tax Practice to Tech Innovator (03:16) - A Deep Dive into QuickBooks' Evolution (07:12) - The Shift to QuickBooks Online and Its Ecosystem (11:41) - Pr

article thumbnail

On the move: Forvis appoints nat'l loan review leader

Accounting Today

Crowe collaborates with Intuit QuickBooks; Bonadio Group raises nearly $25K through firmwide Big Give campaign; and more news from across the profession.

article thumbnail

Amazon EKS Pricing + Cluster Deployment Tutorial

Economize

As containerization became a popular choice among businesses, the need for a system to manage and scale these containerized applications became increasingly apparent. In 2013, Google started an internal project to develop a container management system, which later became Kubernetes (K8s), an open-source project developed for container orchestration.

article thumbnail

How taxes reflect and exacerbate racial wealth disparities

Accounting Today

Stubbornly persistent differences between white and Black households' income and assets present financial advisors with the big-picture implications of their work.

Tax 299
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

A Guide to Choosing the Right A/R Outsourcing Partner

Enterprise Recovery

When selecting an outsourcing partner for your accounts receivable needs, it is essential to explore a variety of key factors to ensure a successful partnership. Understanding your business needs is only the first step in this process. By clearly identifying your goals, objectives, and the level of support required, you can better evaluate potential partners that align with your specific requirements.

article thumbnail

Tech News: FinQuery releases contract management solution

Accounting Today

Plus, Vic.ai announces fee transition; and other updates from the accounting tech arena.

article thumbnail

Your Essential Guide to Monthly Recurring Revenue

Billing Platform

Monthly recurring revenue (MRR) is the money you make every month from customers purchasing your products or services. This is the amount you can rely on receiving regularly. It is a key metric for businesses to track their financial performance. MRR helps businesses understand their revenue stream and plan for future growth. Subscription-based software-as-a-service (SaaS) companies commonly use it.

Billing 52
article thumbnail

Yes, audit opinions still matter

Accounting Today

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

Auditing 204
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

How Payroll Companies Can Assist With Estimated Job Costing

CSI Accounting & Payroll

As the owner of a small business, you may find yourself curious about job costing. That’s a good thing! It means you want more insight into your finances and productivity. However, most payroll providers don’t offer full and true job costing. (We can’t think of anybody who does!) Is there any way around this? At CSI Accounting & Payroll, we’ve worked with small businesses for over 50 years.

Payroll 52
article thumbnail

SEC to hold vote on climate disclosure rule

Accounting Today

The Securities and Exchange Commission has scheduled a meeting for March 6 on its long-awaited climate disclosure rule.

article thumbnail

What is AP Automation? Going Back to Basics 

AvidXchange

Wondering, “What is AP automation?” Need an AP Automation 101 course? You’ve come to the right place. In this article we’re going back to basics, explaining what AP automation is, how it differs from manual AP processes and what benefits AP departments can expect from automating. No time to read? No problem. You can multitask and listen to our “Net 30” podcast episode on the basics of AP automation by clicking the player below or downloading it on your favorite podcast platform, including Spo

AP 52
article thumbnail

Top 5 QB Talks

Insightful Accountant

We’ve taken a look at the Top 5 Most Popular QB Talks just incase you might have missed them. If you missed them, sit back, watch a few episodes and take a break!

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

Accountants are so annoying (in rhyme)

Accounting Fun

He sits at his desk With his horn-rimmed specs Doing sums on a calculator And come rain or shine You know bloody fine There's a bill to pay sooner or later. He adds and subtracts And works out your tax Messing about with the figures. You've done fairly well So how in the hell Is that overdraft still gettin' bigger? Those accounts are too much It's all double dutch So you 'phone up for him to explain.

article thumbnail

Types of construction contracts

Accounting Tools

There are several types of construction contracts, where each one is designed to deal with a different customer requirement. By knowing the contract options, the contractor and customer can select the best option to match their needs and manage risks. The main types of construction contracts are fixed price, cost plus, and unit-price. The features of each contract type are as follows, with variations from the basic concepts also noted.

article thumbnail

Netsuite Vendor Management

Tipalti

Learn how to build long-lasting vendor relationships by merging Netsuite vendor management software with integration add-ons for a seamless experience.

article thumbnail

Breaking Barriers: Celebrating Women’s Influence in B2B Credit

NACM

?️ On today's episode of NACM's Extra Credit podcast. During this Women's History Month, we're honoring women through their challenges and successes in their journey to becoming influential credit leaders!⭐ Starring Somer John; Alicia Perez Johnson; and Erin Stammer, MPA-HA, CCE!? Read the full story in the March issue of Business Credit magazin.

5
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

Biden will push higher taxes for the rich in State of the Union

Accounting Today

The president will advocate plans to increase taxes on the wealthy and corporations as well as to lower prescription drug prices in his speech next week.

Tax 303
article thumbnail

Trust Me, I'm an AI: Aaron Harris on the Future of Accounting

Cloud Accounting Podcast

Aaron Harris joins Blake and David to discuss Sage's new AI offering, Sage Copilot, which brings generative intelligence into Sage Intacct to eliminate routine accounting work. They discuss specific use cases Copilot handles, like chasing people for approvals/documents, drafting emails, and answering ad hoc questions without running reports. Aaron also shares his perspective on AI’s impact on the accounting profession and why increased automation will make human review and trust even more essent