Thu.Feb 08, 2024

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IRS warns tax pros about new EFIN scam

Accounting Today

The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer's Electronic Filing Identification Number.

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Have You Outgrown QuickBooks? | Webinar Presented by goVirtualOffice and AccountingDepartment.com

Accounting Department

Have you or your clients outgrown Quickbooks or a related solution? Need to streamline the process of handling operations? Stuck in an old system that is slowing down growth? Then this session is for you. Join Jennie Hoffman of AccountingDepartment.com and Chrissy Allard of goVirtualOffice as they take you through the signs that you have outgrown your current systems and tell the stories of businesses that have harnessed the power of an ERP.

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Tax Fraud Blotter: Let it snow

Accounting Today

The Lady in fed; an education in fraud; dependent-happy; and other highlights of recent tax cases.

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We're Teaming up with MSDW and ERPSWB - AP Tools Showcase

Fidesic blog

Thanks to the teams at Microsoft Dynamics World and ERPSoftwareBlog , two of the biggest and best content producers for the Dynamics Channel, we are going to be featured in an upcoming Accounts Payable Automation Comparison Showcase.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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M&A roundup: CBIZ grows in Colorado, and more

Accounting Today

CBIZ acquires Erickson, Brown & Kloster; Bowers merges in Kasperski Dinan & Rink; Hiline acquires Calculate; and Kruggel Lawton plans to add Cole Gavlas.

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Fidesic Launches New Product Suite Model for Dynamics ERP Accounts Payable

Fidesic blog

Fidesic is simplifying how accounting pros solve their specific AP pain points with à la carte accounts payable solutions for Microsoft Dynamics GP or D365 Business Central.

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QuickBooks Hosting FAQs: Answers to Your Burning Questions 

Ace Cloud Hosting

Hosting QuickBooks Desktop Software can empower businesses with the flexibility of remote access, added security, and scalability. However, not everyone can understand the insights into QuickBooks Hosting and how they.

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QuickBooks update splits 1099 cost with clients

Accounting Today

Intuit QuickBooks has introduced split billing for 1099s, which allows e-filing costs for 1099s to be split between accountants and their clients.

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Have You Seen the Tax Tab in QuickBooks Online?

Insightful Accountant

Starting this month, the Tax Tab in QuickBooks Online customer files, including your own subscription clients, is asking about their 'tax preparation' method.

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Introducing tax automation and advisory solutions in your firm

Accounting Today

Firms can capitalize on AI to increase tax revenue growth.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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IRS updates FAQs for Form 1099-K

Insightful Accountant

In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions in Fact Sheet.

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Baker Tilly sees global revenue climb 11%

Accounting Today

Revenue reached $5.2 billion for the fiscal year ended Dec. 31, 2023.

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Meet 2023 CAS/BPO ProAdvisor Award Winner : Jessica Fox

Insightful Accountant

We sat down with Jessica to get her thoughts on being the 2023 CAS/BPO ProAdvisor Award Winner, her journey, her path to success, and how she delivers 5-star service to her clients.

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Weather victims in W. Virginia get federal tax relief

Accounting Today

The IRS is pushing back tax filing and payment deadlines for those affected by storms, landslides and mudslides last August.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Why Singapore is the Preferred Choice for Foreign Companies and Entrepreneurs

Counto

Why Singapore is the Preferred Choice for Foreign Companies and Entrepreneurs Singapore has long been a magnet for foreign companies and entrepreneurs seeking growth opportunities in Asia. Renowned for its strategic location, business-friendly policies, and robust legal and tax frameworks, Singapore continues to attract ventures of all sizes. Let’s explore why this dynamic city-state is the top choice for businesses looking to establish a foothold in the region.

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IRS Direct File progresses through internal testing

Accounting Today

The Internal Revenue Service's Direct File free tax system has passed a key hurdle in the pilot test, passing muster with a dozen IRS employees successfully filing returns in as many states.

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The 9 Best Accountant Soft Skills to Master

Future Firm

Accountant soft skills are an often overlooked component of building a successful firm and career. Learn where to start in this article. The post The 9 Best Accountant Soft Skills to Master appeared first on Future Firm.

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Hedge funds to share more on their strategies under SEC rule

Accounting Today

New rules will require firms to provide more details with watchdogs, including investments, borrowing and counterparty exposure.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Cash voucher definition

Accounting Tools

What is a Cash Voucher? A cash voucher is a standard form used to document a petty cash payment. When someone wants to withdraw cash from the petty cash fund, that person fills out the cash voucher to indicate the reason for the withdrawal, and receives cash from the petty cash custodian in exchange. If the person requesting cash is doing so because he or she wants reimbursement for an expense they already paid for from their own funds, then they should also staple the relevant receipt from the

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Ransomware payments soared in 2023

Accounting Today

People shelled out over $1 billion in ransomware payments last year.

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Solving Accounts Payable Pain Points with MakersHub

Earmark Accounting Podcast

Phong Ngo and Charle Howe join Blake to discuss how their accounts payable automation software is helping small and mid-sized manufacturers, construction companies, and other businesses capture detailed invoice data to enable precise job costing and reporting without expensive ERP implementations. Learn how starting with solving the accounts payable data entry pain point allows them to streamline workflows while accounting firms and their clients gain efficiency.

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South Korean prosecutors appeal against acquittal of Samsung's Lee

Accounting Today

A Seoul court cleared Samsung Electronics Executive Chairman Jay Y. Lee of all charges including stock-price manipulation and accounting fraud.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Setup Google App Engine Latency Monitoring and Alerting

Economize

Google App Engine (GAE) Uses Google App Engine (GAE) is a fully managed, serverless environment allows developers to focus on coding rather than the underlying infrastructure, making it an attractive option for a wide array of projects. GAE supports popular languages such as Python, Java, and Node.

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Boost Your Business's Cash Flow with Accounts Receivable

Enterprise Recovery

Accounts receivable is an essential aspect of any business's financial management. It refers to outstanding payments owed to your company for goods or services provided on credit or with an agreement that payment is owed. By allowing your business clients to defer payment, your company can attract more clients and increase sales. Managing A/R effectively , however, is crucial to maintain a healthy cash flow.

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Cash Application FAQs

oAppsNet

As organizations seek to optimize their financial workflows, questions often arise regarding the intricacies and benefits of cash applications. This article aims to demystify cash applications by addressing frequently asked questions (FAQs) and clarifying their functionality, challenges, and strategic importance within the broader financial landscape. 1.

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How to copy and paste from a PDF

Nanonets

Copying from PDFs can be a challenging task. When pasting the copied text or data, often the formatting must be fixed, with spacing, alignment, and special characters all over the place. Cleaning it up can take ages. Extracting content from PDF files can be a hassle, but with the right tools and techniques, it can be done with ease. This comprehensive guide will walk you through different methods to copy various types of content from PDF files, making the extraction process faster and more effic

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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A Comprehensive Guide to Choosing the Right FinOps Tools in 2024

finout

Table of Contents What Are Cloud FinOps Tools? Cloud Cost Management Versus FinOps Key Functions and Features Choosing a FinOps Tool Thats Right For Your Business 5 FinOps Tools to Consider in 2024 In January 2022, Troy Hunt, the owner of the popular data breach-reporting service “Have I Been Pwned”, received a bill from Microsoft Azure racking up $11,000 in unexpected costs.

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The In-Depth Guide to ERP Integrations

Nanonets

What is an ERP and Why Do ERPs Get Integrated? An Enterprise Resource Planning (ERP) system is a platform that acts as the centralized hub of your business’s data. It captures new sales, tracks inventory, and monitors financial transactions, and provides key data to decision-makers in most functions. When ERPs first started becoming popular in the 1960s, they were primarily used by manufacturing and warehouse teams to manage inventory.

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Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses

Counto

Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses As we step into 2024, it’s good practice to mark your calendar for the year’s compliance deadlines. To avoid hefty penalties, early preparation is key. At Counto, we understand the importance of staying ahead, which is why we’ve curated a detailed roadmap of essential tax deadlines to streamline your planning process.

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The 18 Best QuickBooks Add-Ons Broken Down QB Desktop & Online

Nanonets

Launched in 1992, QuickBooks has been offering businesses a centralized solution for their accounting needs for decades. The platform has grown and changed over the years, adapting to new customer needs and providing businesses with the support they need to stay financially healthy. With the range of QuickBooks add-ons available today, your accounting cycle just got a whole lot better.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.