Accounting Today

SEPTEMBER 18, 2023

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

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Auditing Tax 344

Blake Oliver

SEPTEMBER 18, 2023

The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown , including new criminal probes, longer processing times, and options for withdrawing improper claims. If you liked this update, subscribe to The Accounting Podcast on Apple Podcasts , Spotify , or wherever you listen to podcasts.

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Tax Accounting Accounting 98

Accounting Today

SEPTEMBER 18, 2023

Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.

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Tax Accounting Accounting 328

Reconciled Solutions

SEPTEMBER 18, 2023

QuickBooks Online makes it easy to move transactions over from your bank, but be sure you know how the site handles them once you’ve moved. The post How Do You Move Transactions from Your Bank into QuickBooks Online? appeared first on Reconciled Solutions.

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QuickBooks Reconciling Bookkeeping 86

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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.

Accounting

Accounting Today

SEPTEMBER 18, 2023

The new positions, which will be open in more than 250 locations, will help ramp up the IRS compliance efforts against high-income earners, partnerships, large corporations, and promoters.

Tax 312

Tax Auditing 312

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Balance Sheet What are Total Assets? Total assets refers to the total amount of assets owned by a person or entity. Assets are items of economic value, which are expended over time to yield a benefit for the owner. If the owner is a business, these assets are usually recorded in the accounting records and appear in the balance sheet of the business.

Accounts Receivable 75

Accounts Receivable Account Receivables Accounts Receivable Bookkeeping 75

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Accounting for Mining What is a Mineral Reserve? A mineral reserve is that portion of a mineral resource that is economically mineable, based on assessments and other information. The mineral reserve classification can be broken down further into the classifications noted below. Proven Reserves Proven reserves are reserves where the size, shape, depth and mineral content of reserves are well-established.

Accounting 66

Accounting Accounting 66

Accounting Today

SEPTEMBER 18, 2023

Price Waterhouse was the auditors for the Academy of Motion Picture Arts and Sciences, and this is an early example of cross-selling to add outside-the-box services to an engagement.

Accounting 257

Accounting Accounting Auditing 257

Insightful Accountant

SEPTEMBER 18, 2023

Earn valuable Top 100 2024 training points by attending all or part of Insightful Accountant's 'Future Forward' event, Sept. 26-27. Murph tells you which sessions apply to which categories.

Accounting 64

Accounting Accounting 64

Accounting Today

SEPTEMBER 18, 2023

A conversation with a former commissioner, Chuck Rettig, reveals the potential upside of the agency's tech plans.

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Tax 200

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.

Payroll

Insightful Accountant

SEPTEMBER 18, 2023

Liz Scott offers a sneak peek into a new AI tool built into QuickBooks that will provide personalized, intelligent recommendations to help consumer and small business customers make smart financial decisions.

QuickBooks 59

QuickBooks 59

Accounting Today

SEPTEMBER 18, 2023

To start, many firms fail to recognize the difference between driving demand and fulfilling demand.

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Insightful Accountant

SEPTEMBER 18, 2023

In the second part of the 'Advisory Isn't a Four-Letter Word' series, Calmwaters Cloud Accounting's Kellie Parks talks about defining and delivering your services. Make sure to register for the 'Future Forward' event.

Accounting 59

Accounting Accounting 59

Accounting Today

SEPTEMBER 18, 2023

The Top 10 Firm is increasing its presence in New York State.

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150

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.

Invoicera

SEPTEMBER 18, 2023

Imagine a steady stream of income flowing in month after month, providing your business with financial stability and the freedom to focus on what truly matters – delivering value to your customers. Isn’t it like your business has reached heights? This can become true if you master cash flow in your business. It’s the fine art of balancing incoming revenue with outgoing expenses, ensuring a seamless financial rhythm that hums your business.

Billing 52

Billing Invoicing Invoice Processing Collections 52

CloudZero

SEPTEMBER 18, 2023

Cloud computing is among the roles occupied by 9.1 million people in the tech industry. With “tech jobs” appearing in 255,000 Google monthly searches and tech job listings increasing by 25% in the U.S., which are the best cities to pursue a career in tech?

Computation 52

Computation 52

Invoicera

SEPTEMBER 18, 2023

Imagine a steady stream of income flowing in month after month, providing your business with financial stability and the freedom to focus on what truly matters – delivering value to your customers. Isn’t it like your business has reached heights? This can become true if you master cash flow in your business. It’s the fine art of balancing incoming revenue with outgoing expenses, ensuring a seamless financial rhythm that hums your business.

Billing 52

Billing Invoicing Invoice Processing Collections 52

Economize

SEPTEMBER 18, 2023

Before we dive into the details of Cloud Cost Auditing & Efficiency Assessments, let’s debunk a popular myth: “the cloud is always cheaper” Contrary to popular belief, migrating to the cloud doesn’t magically cut your operational costs or optimize your budget.

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Auditing Budgeting Billing Computation 52

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.

CPA

Invoicera

SEPTEMBER 18, 2023

Imagine a steady stream of income flowing in month after month, providing your business with financial stability and the freedom to focus on what truly matters – delivering value to your customers. Isn’t it like your business has reached heights? This can become true if you master cash flow in your business. It’s the fine art of balancing incoming revenue with outgoing expenses, ensuring a seamless financial rhythm that hums your business.

Billing 52

Billing Invoicing Invoice Processing Collections 52

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Bank Reconciliation Essentials Bookkeeping Guidebook How to Audit Cash What is a Bounced Check? A bounced check is a check that does not have a sufficient amount of cash in the underlying bank account to support the payment, so the issuing bank refuses to honor it. When a check bounces, the issuing bank typically charges the writer a fee.

Bank Reconciliation 40

Bank Reconciliation Bookkeeping Auditing Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Excel Formulas and Functions Financial Analysis Introduction to Excel What is Future Value? Future value is the amount that an asset will be worth as of a future date, based on an assumed growth rate. The calculation assumes that a fixed amount of cash is made available for investment at the start date, and that it grows at a steady rate until the designated future date.

Financial Analysis 40

Financial Analysis Accounting Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Book Depreciation? Book depreciation is the amount of depreciation expense calculated for fixed assets that is recorded in an entity's financial statements. It can vary from tax depreciation , which is the amount calculated for inclusion in an organization's tax return. Book depreciation tends to be lower than tax depreciation, so that a business can record a higher profit in its income statement , while still paying a redu

Financial Statements 40

Financial Statements Tax Auditing Accounting 40

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Accounting Tools

SEPTEMBER 18, 2023

What is Free on Board? Free on board is a delivery term, indicating that the seller of goods is obligated to deliver the goods to a vessel that will then deliver the goods to the customer. The obligations of the seller end when the goods are on board the vessel. The meaning of the term originally only encompassed ships as delivery vehicles, but it is now understood to include other forms of transport, such as trucks and trains.

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40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses The Income Statement What is the Functional Expense Classification? The functional expense classification is a sorting and presentation method used in accounting , under which expenses are aggregated and reported by the activities for which they were incurred. For example, expenses could be aggregated by department and then reported as (for example) administrative expenses and selling expenses.

Accounting 40

Accounting Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Accounting for Freight What is FOB? FOB is an acronym for Free on Board, and indicates whether the supplier or the customer will pay shipping expenses. Also, the type of FOB shows which party takes legal responsibility for the goods being shipped, and at what point during transport that responsibility is transferred. There are two types of FOB, which are FOB destination and FOB shipping point.

Purchase Order 40

Purchase Order Collections Invoicing Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Franchise Accounting What is a Franchise? A franchise is a legal agreement under which a franchisee gains access to the proprietary processes and trademark name of the franchisor , typically in exchange for the payment of a periodic royalty fee. A franchise is a lower-risk way for someone to start a successful business, since the underlying business model has already been established.

Accounting 40

Accounting Accounting 40

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Accounting Tools

SEPTEMBER 18, 2023

Related Courses The Balance Sheet What is Federal Income Tax Withholdings Payable? Federal income tax withholdings payable is a general ledger account in which is stored the liability for paying to the federal government all income taxes withheld from employee pay. This is classified as a current liability , since it is typically due for payment within a few days.

General Ledger 40

General Ledger Tax Payroll Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is the Foreign Corrupt Practices Act? The Foreign Corrupt Practices Act prohibits the bribery of foreign officials in order to obtain business. The Act also requires organizations to maintain accurate accounting records and maintain a system of internal controls that is sufficient to provide reasonable assurance that assets are being used in accordance with the dictates of management.

Auditing 40

Auditing Accounting Accounting 40

Accounting Tools

SEPTEMBER 18, 2023

Related Courses Operations Management What is a Flexible Factory? A flexible factory is designed to produce a range of products, which it accomplishes by having short machine setup times and equipment that can accommodate many types of production operations. By doing so, a factory can focus on short production runs to better align its operations with actual customer demand, thereby keeping finished goods inventory levels low and minimizing working capital needs.

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Accounting Tools

SEPTEMBER 18, 2023

What is as Flat Tax? A flat tax is used when the same tax rate is applied to every taxpayer, irrespective of income level. A pure flat tax applies the same tax rate to all types of income. A more common approach is to allow certain deductions from the flat tax rate, or to not apply the tax to certain types of income, thereby altering the effect of the tax on sub-sections of the taxpayer population.

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Tax 40

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.

Invoicing