Tue.Sep 26, 2023

article thumbnail

IRS shifts focus to HNW individuals and pass-throughs

Accounting Today

From more agents to the deployment of AI, the service is directing resources where the money is.

Auditing 338
article thumbnail

Intuit’s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills

Intuit

To that end, Intuit has introduced a technical and entrepreneurial educational program providing fully operational food trucks to school districts, with curriculum to teach high schoolers how to run and operate a small business using Intuit’s financial tools. The food trucks are equipped with commercial-grade kitchens, enabling students to build real-world skills and experiences in a professional context and setting.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS ups per diem rates for business travel

Accounting Today

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

Tax 325
article thumbnail

Budget Season is Right Around the Corner

Accounting Department

Budget season is right around the corner and it is time for financial teams to come together and start planning for 2024, but are you ready?

Budgeting 207
article thumbnail

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.

article thumbnail

KPMG to cut 125 U.K. consulting jobs as demand drops

Accounting Today

Other Big Four firms are also introducing cuts in the U.K. after a period of over-hiring during the pandemic.

321
321
article thumbnail

Payout ratio definition

Accounting Tools

Related Courses Corporate Finance Investor Relations Guidebook Public Company Accounting and Finance What is the Payout Ratio? The payout ratio is the proportion of dividends that a company pays to investors in relation to its reported net income. It is expressed as a percentage of the firm’s reported earnings. Investors use it to assess the ability of a business to pay dividends.

More Trending

article thumbnail

Improve Procurement Visibility ASAP: 5 Must-Follow Steps

NextProcess

5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain ( GEODIS, cited by Finances Online ). Of the companies responding to that survey, only 6% said they had total visibility.

article thumbnail

Complete your employee benefit plan audit before the extended deadline

Accounting Today

Less than a month is a small window for an auditor to complete their work.

Auditing 312
article thumbnail

Multi-Entity Accounting

Tipalti

Managing a business with multiple entities requires complex multi-entity accounting processes that pose unique challenges and opportunities. Learn how to navigate multi-entity accounting.

article thumbnail

Armanino merges in Janover

Accounting Today

The Top 20 Firm is expanding its presence in New York by adding a Regional Leader.

312
312
article thumbnail

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.

article thumbnail

Corporate Card Management

Tipalti

Learn how to optimize your corporate card management system and ensure compliance with our roundup of best practices. You’ll learn how to maximize efficiency and control expenses.

52
article thumbnail

Look abroad to ease your pipeline concerns

Accounting Today

More than 10% of candidates for the CPA exam live outside the U.S.

CPA 311
article thumbnail

Running a Profitable and Sustainable Business

Reconciled Solutions

Angie talks about running a profitable and sustainable business instead of “just getting by” and wondering where the cash is going. The post Running a Profitable and Sustainable Business appeared first on Reconciled Solutions.

article thumbnail

PCAOB fines BDO USA $2M over audit violations

Accounting Today

The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.

Auditing 306
article thumbnail

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.

article thumbnail

Auditing Essentials: Ensuring Financial Compliance for Businesses

Billah and Associates

In today’s dynamic and highly regulated business landscape, maintaining financial compliance is crucial for businesses of all sizes. One of the key tools for ensuring compliance and financial integrity is auditing. In this blog post, learn more about the auditing essentials and how it plays a vital role in safeguarding a company’s financial health and reputation. 5 Auditing Essentials You Need to Know What is Auditing and its Purpose Auditing serves as an independent and systematic e

article thumbnail

IRS expands chatbots to under-reporters

Accounting Today

Taxpayers who receive CP2000 notices can now get help from bots for basic questions, rather than having to wait for a rep.

Tax 306
article thumbnail

The Limitations Of Combining CloudHealth And Kubecost

CloudZero

Ever since its release in September 2014, Kubernetes has been equally powerful and meme-able in the engineering world. For all the magic of its container orchestration and compute resource management, it’s also mysterious and, to many, confounding — especially when it comes time to pay for it.

article thumbnail

Sales tax changes jump as governments search for funding

Accounting Today

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.

Tax 270
article thumbnail

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.

article thumbnail

APB opinions definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What are APB Opinions? APB opinions are the 31 authoritative issuances of the Accounting Principles Board (APB). Each of these opinions dealt with a different accounting issue. The intent of each opinion was to clarify an accounting topic that was experiencing differing amounts of interpretation from the issuers of financial statements.

article thumbnail

TIGTA says IRS must improve cybersecurity log management

Accounting Today

A recent report said the service needs to improve its reviews of suspicious cyber activity and strengthen separation of duties.

Tax 204
article thumbnail

Equivalent taxable yield definition

Accounting Tools

Related Courses Corporate Finance Governmental Accounting What is Equivalent Taxable Yield? Equivalent taxable yield is the effective interest rate that must be offered on a taxable bond instrument in order to arrive at the same after-tax yield built into a tax-exempt bond instrument. This amount is always higher than the interest rate on a tax-exempt bond, because the investor must pay income taxes on the income from the taxable bond.

article thumbnail

Practice Profile: Aligned visions

Accounting Today

A successful merger with Top 100 Firm Carr, Riggs & Ingram has spurred Level Four Group's rapid expansion and continues to provide new growth opportunities

195
195
article thumbnail

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

article thumbnail

Call price definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Call Price? A call price is the price at which the holder of a bond can be forced by the issuer to sell back the bond to the issuer. A call occurs prior to the maturity date of the bond, usually because the issuer can refinance the debt at a lower interest rate.

article thumbnail

In the blogs: Conflicting ideas

Accounting Today

Property-tax map; zero due meaning; partners' pay differences; and other highlights from our favorite tax bloggers.

Tax 140
article thumbnail

Callable preferred stock definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Callable Preferred Stock? Callable preferred stock is preferred shares in a business that can be bought back by the issuer at a certain price. The call price and other conditions are included in the indenture associated with the stock. Advantages of Callable Preferred Stock A call feature is to the advantage of the issuer, since it can recall shares if the market interest rate declines, and replace it with lower-cost preferred stock

article thumbnail

Member Spotlight: Valuable Tools for the Future

NACM

Commitment is key in accomplishing your career goals. Your drive and determination are important in order to stay focused on what you want to accomplish. Through NACM's Professional Certification Program, credit professionals have an opportunity to grow and learn more about the profession with educational courses offered. "Making the commitment to.

5
article thumbnail

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.

article thumbnail

Equipment rental expense definition

Accounting Tools

Related Courses The Income Statement What is Equipment Rental Expense? Equipment rental expense is an account in which is stored the year-to-date expense associated with renting various types of equipment. The total for this account may appear as a separate line item in the income statement , or it may be aggregated with other accounts into a line item with a different designation.

article thumbnail

Trump found liable for fraud in New York case

Accounting Today

The judge sided with Letitia James on her allegation that Trump repeatedly engaged in fraud by claiming exaggerated values for some of his best properties on his annual statements of financial condition.

article thumbnail

Cash flow after taxes definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Cash Flow After Taxes? Cash flow after taxes is the amount of net cash flow relating to operations that remain after all related income tax effects have been included. It is usually calculated by adding back all non-cash charges to net income. This measurement is a good way to determine whether a business is generating positive cash flows after the effects of income taxes have been included.

Tax 40
article thumbnail

Cashier's check definition

Accounting Tools

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Cashier’s Check? A cashier’s check is a check written by a financial entity on its own funds. This check is signed by an officer or other employee of the bank, and includes the name of the payee. Payment of the underlying funds is guaranteed by the bank. A cashier’s check is considered a very safe form of payment.

40
article thumbnail

Unlock The Blueprint: How To Construct A Better Payment Workflow

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.