Tue.Dec 05, 2023

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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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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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7 strategies for small and midsized practices to achieve success

Accounting Today

In the current business landscape, small- and medium-sized practices face an array of challenges, including operational complexities, competitive markets and ever-evolving regulations.

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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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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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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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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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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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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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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.

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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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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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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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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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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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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.

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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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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.

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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.