Tue.Dec 05, 2023

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Supreme Court case could upend Tax Code

Accounting Today

A case over repatriated earnings might open up the possibility of taxing unrealized gains.

Tax 321
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Wire Transfer vs ACH Transfer

Fidesic blog

Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.

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IRS Criminal Investigation unit is taking on more crypto tax cases

Accounting Today

The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.

Tax 317
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5 Ways to Modernize Your Office & Boost Productivity

Fidesic blog

Why Performance and Productivity Increase when you Modernize Office Décor Let's face it, offices have changed dramatically in the last few years. Since many leaders are already re-imagining their office setups, now is the perfect time to reboot and modernize office décor and design. In this post we will look at 5 data-prove n new office interior design ideas to modernize office and boost productivity.

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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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The top people in public accounting — 2023

Accounting Today

The most influential people in the field, as chosen by their peers.

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Is ACH Safe? Are ACH Payments Safe Compared to other Methods?

Fidesic blog

ACH payments are a safe way to pay vendor invoices and employee payroll. According to data from NACHA fewer than 0.03% of ACH transactions are returned as unauthorized. ACH remains the preferred payment method for accounts payable departments to pay their vendors. ACH payments grew to 26.8 billion transactions in 2020 (a 8.2% YOY increase) according to NACHA , the organization that oversees ACH activity.

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Variance Analysis Made Easy with NetSuite

Accounting Department

In the fast-paced world of business, understanding the reasons behind changes in financial data is crucial for making informed decisions. That's where variance analysis comes in. Also known as flux analysis, this powerful tool compares two sets of data, revealing the quantitative difference between them and shedding light on the underlying factors behind the change.

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Inside Windes' new Ovisto arm and the growing appeal of joining tax and wealth services

Accounting Today

The new wealth management business opens with help from Integrated Partners as more RIAs and accountants follow the trails blazed by many dual practitioners.

Tax 235
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App Aware: Accruer

Insightful Accountant

The Accruer App uniquely solves QuickBooks accruals and automates prepaid expenses, deferred revenues and fixed assets directly in QuickBooks Online.

Accruals 105
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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

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 195
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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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Year-end Done Well

Insightful Accountant

For accountants and their business clients, the goal this time of year is to end the year well and set a good foundation for the next. But year-end work is rarely simple, often messy, and certainly adds to the holiday hustle and bustle.

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Small business pay and hiring slowed in November

Accounting Today

The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.

Payroll 195
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A New Era in Time Management for 1099’s and Vendors

Insightful Accountant

Online time tracking software offers a multitude of advantages that can transform how accountants manage their vendors and contractors.

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Faber reappointed to lead ISSB

Accounting Today

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

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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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Amazon Q Pricing Tiers + Additional Charges Explained

Economize

Announced at the AWS re:Invent 2023, Amazon Q is a generative AI tool that will revolutionize how businesses leverage their data. Amazon Q works like an AI expert, combining the roles of a business analyst and a cloud assistant. It’s designed to enhance the building experience on AWS.

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Hydrogen industry raises alarm over leaked US tax credit rules

Accounting Today

The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.

Tax 189
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19 Best Invoicing Software for Prompt Payment (2024)

Invoicera

87% of businesses receive payment after their invoice due date, with 43% being paid 15 or more days late. – Chaser Do you also fall in the 87% of businesses that receive late payment and are stressed due to cash flow constraints? If yes, it might be impacting your credit score and business reputation. Well! You need not worry; there are a lot of solutions in the market that can automate invoicing and ensure you receive all payments with their reminder features.

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In the blogs: Complicating matters

Accounting Today

Abandoning crypto; Moore; why the deficit balloons; and other highlights from our favorite tax bloggers.

Tax 145
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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.

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Small Business Laws and Rules: The Basics of Payroll Compliance

CSI Accounting & Payroll

When you own a small business, you’re only sure of two things; your business is your passion, and you want to keep its doors open. To keep your company running, you have to follow the rules. At CSI Accounting & Payroll, we’ve helped keep thousands of businesses in compliance for over 50 years. However, we can only offer guidance and suggestions.

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Don't Miss Day 2 of Future Forward - Today 12/6

Insightful Accountant

The second day of Future Forward is today. Gain a glimpse of what some of the most influential accounting professionals are saying will impact your practice as soon as next year. and yes, Murph will be presenting too.

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How to Scale Your Accounting Firm: 15 Tested Strategies

Jetpack Workflow

From navigating client acquisition strategies to building a qualified team you can depend on, the path to expanding your CPA firm can seem overwhelming. Plus, as you focus on scaling your business, you need to manage the delicate balance act of delivering quality service while expanding to enjoy sustainable growth. On our Growing Your Firm podcast, we recently sat down with 3 expert accountants to learn about time-tested strategies they used to scale their firms.

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5 Best Interview Scheduling Software in 2023

Nanonets

Introduction Interview scheduling is a key part of hiring but is often not given enough attention. How well it's done really affects everyone involved. For people applying for jobs, it shows how well the company is organized and if they value people's time. For those who are hiring, it's about getting the timing right and being friendly, all while juggling many schedules.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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How to Write a Professional Accounting Memo (with Template)

Jetpack Workflow

Finding an official source that shows you how to compose a clear, professional, and easily readable accounting memo can be a challenge. So, we crafted this helpful guide and a general memo template you can refer to whenever you need to send one. In this article, we’ll describe some scenarios of when an accounting memo is beneficial and provide you with a memo template to download and customize for your own use.

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5 Strategies for Cash Flow Optimization in the Transportation and Logistics Industry

Gaviti

Cash flow in the transportation and logistics industry can be unpredictable. Long payment cycles, supply chain shortages and seasonality combined with a reliance on manual processes for collections are just a few factors that propel companies in the transportation and logistics industries to seek a more efficient process for their cash optimization.

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Member Spotlight: Mentorship, Passion and Perseverance

NACM

Mentorship plays a key role in professional success. The guidance and expertise from someone who has years of experience in your field is essential for professional success. Annie Kopanski, CCE, senior credit analyst at Esco Group (Portland, OR) said her 15-year journey to the Certified Credit Executive (CCE) designation was launched and shaped by.

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5 Strategies for Cash Flow Optimization in the Transportation and Logistics Industry

Gaviti

Cash flow in the transportation and logistics industry can be unpredictable. Long payment cycles, supply chain shortages and seasonality combined with a reliance on manual processes for collections are just a few factors that propel companies in the transportation and logistics industries to seek a more efficient process for their cash optimization.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.