Fri.May 03, 2024

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New CTA BOI FAQs clarify reporting requirements, database access

Accounting Today

The landscape of Corporate Transparency Act beneficial ownership information reporting continues to evolve, and accountants and others who advise their small business clients need to stay ahead of the curve.

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Growth by Design: The Evolution of Custom-Fit Implementations | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting Today news quiz: May 3

Accounting Today

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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May is Military Appreciation Month

Insightful Accountant

May is Military Appreciation month in the US and we at Insightful Accountant want to say "Thank You" to those who are serving or have served, and to their families for their service.

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

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SEC shuts down auditor BF Borgers with $14M in fines for fraud on 1,500+ filings

Accounting Today

The Securities and Exchange Commission charged the fast-rising auditing firm with deliberate, systemic failures to comply with PCAOB standards for audits and reviews.

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Learning and growing in fintech

Plooto

What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.

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Revolutionising Tax Workflow with AI: Highlights from Our “Let’s Talk Tax Technology” Webinar with SCTP

Counto

Revolutionising Tax Workflow with AI: Highlights from Our “Let’s Talk Tax Technology” Webinar with SCTP In the fast-evolving world of tax technology, staying ahead means embracing innovation. At Counto, we not only adopt advancements; we innovate, building our own AI-powered systems. Our recent collaboration with the Singapore Chartered Tax Professionals (SCTP) for the “Let’s Talk Tax Technology” webinar is a testament to our commitment to reducing compliance

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Oregon senator demands refunds for TurboTax customers

Accounting Today

Sen. Ron Wyden, in a letter, demanded that TurboTax refund customers who, due to a software glitch, were inappropriately encouraged to take non-optimal choices, resulting in higher taxes.

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For every tax problem.

Accounting Fun

For every tax problem there is a solution - which is straightforward, uncomplicated and wrong.

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Supreme Court case highlights planning strategies for family businesses

Accounting Today

When a small company holds a life insurance policy, estate planning gets complicated — which is why assigning it to an individual or a family may be the better choice.

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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.

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AWS Savings Plan vs Reserved Instances: An Overview

Economize

AWS offers flexible pricing plans to support its customers and avoid a hefty cloud bill. AWS Savings Plan and Reserves Instances are two such cost-effective pricing models that aid to enjoy your AWS services without blowing your budget. Each model offers unique benefits and is designed for specific usage needs.

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Tech news: Ledgible announces readiness assessment on 1099-DA reporting

Accounting Today

Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

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7 Ways You Can Empower Women In Your Accounting Firm

Ace Cloud Hosting

As accounting businesses and firms prepare for the future, many of them are realizing that empowering women is of great importance for helping their firm forge the way of doing.

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Eide Bailly merges in Apple Growth Partners

Accounting Today

The Top 25 Firm is expanding its footprint east of the Mississippi River to Ohio.

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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!

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Streamlining Financial Processes: Comparing BPA, SaaS, BPO, and BPaaS

NextProcess

If you’ve been researching software options for managing your financial processes, then you’ve probably run across terms like Business Process Automation (BPA) and Software-as-a-Service (SaaS). You’ll also come across related terms, like Business Process Outsourcing (BPO) and Business Process as a Service (BPaaS). Sometimes it might seem like those terms refer to the same thing, while other times they seem like different things.

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Ryan sues FTC over non-compete rule

Accounting Today

Ryan, a Dallas-based international tax firm and software provider, has filed suit against the Federal Trade Commission over the rule issued last week outlawing non-compete employment agreements.

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Streamlining Financial Processes: Comparing BPA, SaaS, BPO, and BPaaS

NextProcess

If you’ve been researching software options for managing your financial processes, then you’ve probably run across terms like Business Process Automation (BPA) and Software-as-a-Service (SaaS). You’ll also come across related terms, like Business Process Outsourcing (BPO) and Business Process as a Service (BPaaS). Sometimes it might seem like those terms refer to the same thing, while other times they seem like different things.

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On the move: RSM names a CX leader

Accounting Today

Plus, REDW names three VPs; FAF is looking for FASAC members; and other firm and personnel news from across the accounting profession.

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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

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Unlocking Cash Flow: Top 4 Accounts Receivable Financing Companies

FundThrough

What is Accounts Receivable Financing? Accounts receivable financing (another term for invoice factoring) is a financing approach where businesses sell their outstanding invoices to a financing company at a discount. This transaction provides them with immediate cash flow, essential for maintaining operations, investing in growth, or managing unforeseen expenses.

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Platform launches wealth management

Accounting Today

The new advisory service follows Platform's acquisition of Walpole Financial Advisors.

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Optimizing Invoice Management for Law Firms with Advanced Billing Software

Invoicera

Introduction In the hectic world of law firms, keeping track of invoices effectively can frequently feel like sorting through a maze of details. Fortunately, modern billing software has emerged as a beacon of relief in the often chaotic world of law firms. It has significantly reduced stress, increased accuracy, and made managing invoices a seamless experience.

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Automation and AI unlock new opportunities for estate accounting

Accounting Today

Accountants are at a unique juncture where the convergence of a massive redistribution of wealth and rapid technological advancements can redefine their roles and impact.

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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.

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Fiscal Year in Singapore: What Is It and Why Is It Important? 

Counto

Fiscal Year in Singapore: What Is It and Why Is It Important? Choosing the right Fiscal Year-End (FYE) is more than just a date on the calendar—it’s a strategic decision that affects everything from compliance and tax planning to operational effectiveness. Here’s a refined guide on understanding FYE, its implications, and how to choose or change it for optimal business performance.

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The 5 Apps You Need In Your Accounting Firm

Earmark Accounting Podcast

In an era where the right software can make or break your accounting firm, choosing the right apps is essential. In this webinar, Blake Oliver, CPA, draws on his experience as a firm founder to guide you through the essential software that will streamline your operations, upgrade your client experience, and drive future growth. This session is designed to cut through the clutter of the ever-expanding app marketplace, providing you with a curated list of applications indispensable for modern acco

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Secured liability definition

Accounting Tools

What is a Secured Liability? A secured liability is an obligation for which payment is guaranteed by an asset. If the borrower cannot repay the liability within the contractually designated time period, the lender can seize the asset and sell it in order to obtain the funds needed to settle the liability. If the amount received from sale of the asset exceeds the amount of the associated debt, then the lender pays the excess amount to the borrower.

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EV makers win 2-year extension to qualify for tax credits

Accounting Today

The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China's grip on battery materials crucial to the car industry's future.

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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.

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Contingent issuance definition

Accounting Tools

What is a Contingent Issuance? A contingent issuance refers to a possible issuance of common stock that will occur only if certain conditions have been satisfied. A business may set up a contingent issuance in order to make it more expensive for a hostile acquirer to buy it; thus, an event such as an offer to buy a majority of the shares outstanding will trigger the automatic issuance of more shares to existing shareholders , which the hostile acquirer must then purchase.

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Supporting services expenses

Accounting Tools

What are Supporting Services Expenses? Supporting services expenses are the management and fundraising expenses of a nonprofit entity. All other expenses are classified as program expenses. Donors want to see a low percentage of supporting services expenses, which implies that the bulk of their donations are going toward the achievement of the nonprofit’s goals.

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Shipping documents definition

Accounting Tools

What are Shipping Documents? Shipping documents are those forms, records, or certificates needed to take delivery of a shipment, or for a delivery to clear customs. These documents are needed in order to bring a shipment into compliance with the regulations of the countries through which it travels. Examples of Shipping Documents Examples of shipping documents are as follows: Air waybill.

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Support costs definition

Accounting Tools

Support costs are those expenditures not directly incurred in the production process, but which are needed to keep manufacturing operations running. These costs do not directly vary with changes in unit volume, and so are considered part of factory overhead. Examples of Support Costs Examples of support costs are as follows: Quality assurance department.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.