Tue.Jan 09, 2024

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20 states that burden individuals the most

Accounting Today

The state that imposes the most on residents has an individual income tax burden of 4.72%.

Tax 328
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The tax code is too complicated—everyone needs an advocate in their corner to get the best outcome during tax season

Intuit

There’s no debating that tax season can be a stressful time for hardworking Americans, families, and small business owners each year. At the same time, for many, tax refunds are also the biggest check of the year, with more than 30% of Americans saying they rely on their tax refund to make ends meet—especially among Gen Z and millennials. As the tax code continues to change and taxes become more complicated, we know how important it is to empower people to better understand and take charge of th

Tax 246
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IRS warns of tax scammers posing as new clients

Accounting Today

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

Tax 325
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Murph will host next week's ProAdvisor Meetup

Insightful Accountant

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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Companies worry about double taxation from global tax reform

Accounting Today

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD's tax changes, according to a new survey by EY.

Tax 311
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The Strategic Imperative of Marketing

Insightful Accountant

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

Tax 98

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The Strategic Imperative of Marketing

Insightful Accountant

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

Tax 98
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NY comptroller criticizes regulator's crypto oversight prowess

Accounting Today

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

Auditing 238
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The 5 Best Tools for BigQuery Data Visualization

Economize

Google’s BigQuery, a powerful data warehouse part of GCP has become indispensable for managing extensive datasets. It is particularly effective when paired with data visualization and Business Intelligence (BI) tools. These enhancements allow users to convert complex data into clear, actionable insights.

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IIA releases global internal audit standards

Accounting Today

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

Auditing 204
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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Vendor Statement Reconciliation Steps

oAppsNet

Vendor Statement Reconciliation involves a meticulous comparison and alignment of a company’s financial records with those provided by its vendors. The primary goal is to ensure accuracy, identify discrepancies, and foster healthy and transparent relationships with vendors. This article serves as a comprehensive guide, delving into the essential steps and advanced strategies businesses can employ to master the art of Vendor Statement Reconciliation.

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Going beyond tax prep

Accounting Today

From estate, gift and trust work to Social Security maximization and charitable planning, there are a host of offerings firms can work on once the tax return is finished.

Tax 154
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8 Benefits of Flexible Billing System Architecture

Billing Platform

On the surface billing is an easy concept to understand, however there are numerous independent applications that work in unison to create the billing system architecture. Each of these components provide the functionality required to create a billing system architecture that enables you to move beyond basic billing functionality to handle the complexities of today’s billing requirements.

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Citrin Cooperman acquires Coleman Huntoon & Brown

Accounting Today

The New York-based firm is expanding to the Carolinas with its latest M&A deal.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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How to File Under the Corporate Transparency Act

CSI Accounting & Payroll

As a small business owner, you may have heard things about the new Corporate Transparency Act in passing. Details are still coming out, but with it taking effect in 2024, you might be anxious to learn whether it applies to you or not, as well as what you need to do. At CSI Accounting & Payroll, we’ve prided ourselves on staying on top of laws that affect small businesses for over 50 years.

Payroll 52
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Mastering cross-selling: How to expand services to existing clients

Accounting Today

Accounting firms have untapped potential in their existing client base that can help them reach their growth KPIs.

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Creating a Foolproof Accounts Receivable Workflow

Invoicera

Introduction Have you ever found yourself in a frustrating loop of waiting for payments that are never on time? It’s a common struggle among businesses—almost 60% grapple with this challenge! But fear not! There’s a solution: creating a foolproof accounts receivable workflow. Now, there comes a question: how to create it? For this, we have a guide to take you out of the chaos, helping you build a system that not only smoothens your cash flow but also minimizes the headache of cha

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In the blogs: Out with the bull 

Accounting Today

New year, new priorities; advisory service roadblocks; GM sues Frisco; and other highlights from our favorite tax bloggers.

Tax 140
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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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How to Remove a Director from a Private Limited Company in Singapore

Counto

How to Remove a Director from a Private Limited Company in Singapore Company directors play a pivotal role in the management of companies, but there are instances where the removal, disqualification, or resignation of a director becomes necessary. In Singapore, every company is required to have at least one local director, who must either be a Singapore Citizen or a Permanent Resident.

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How to convert PDF to XML for free?

Nanonets

Introduction XML stands for Extensible Markup Language and is one of the more popular formats in which data is stored and shared between systems and software. XML is a versatile coding language similar to HTML. But unlike HTML, the use of XML goes beyond only web and can be used in websites, databases, and even third-party applications XML is used largely because, it supports inter-business transactions by conveniently sharing information maintain data integrity by effectively storing and sharin

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How to Issue Shares in a Singapore Private Limited Company

Counto

How to Issue Shares in a Singapore Private Limited Company Issuing shares in a Singapore Pte Ltd company can be a strategic move to raise capital, reward employees, and grow your business. Singapore offers a flexible framework for issuing shares, allowing companies to create various share classes with different rights and privileges. Let’s explore the key steps and considerations for issuing shares in your business.

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Adam Lean on Bridging the Gap in Client Advisory

Insightful Accountant

Gary DeHart and Adam Lean discuss client advisory, the disconnect between client needs and accounting services, the pace of advisory adoption, influencing factors, and the essential skills for effective advisory delivery.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Understanding Paid-Up Capital for Newly Incorporated Companies in Singapore

Counto

Understanding Paid-Up Capital for Newly Incorporated Companies in Singapore Paid-up capital plays a pivotal role in shaping the financial landscape of a company. For businesses incorporated in Singapore, understanding this concept is crucial not only for regulatory compliance but also for charting a path towards financial stability and growth. In this quick guide, we delve into the intricacies of paid-up capital, its significance, legal implications, and practical applications.

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Cloud Storage Pricing Comparison - Unlock Savings

finout

Table of Contents Introduction Key Cloud Storage Providers Cloud Storage Pricing Optimizing Cloud Storage Costs Streamlining & Optimizing Cloud Costs with Finout Conclusion

FinOps 52
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Transferring Shares in a Singapore Pte Ltd Company

Counto

Transferring Shares in a Singapore Pte Ltd Company Transferring shares in a private limited (Pte Ltd) company is a common occurrence, driven by various reasons such as changes in ownership, fundraising, or personal decisions. It’s essential to understand the proper procedures and legal requirements involved in share transfers to ensure any transfer of shares will need to be in compliance with the company constitution.

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Purchase Order vs Invoice

Tipalti

Learn how to distinguish between a purchase order vs invoice, when to use each and what unique business and financial information each one contains.

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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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Understanding Annual General Meetings (AGMs) in Singapore for Business Owners

Counto

Understanding Annual General Meetings (AGMs) in Singapore for Business Owners As a business owner in Singapore, it’s essential to understand the concept of Annual General Meetings (AGMs) and their significance in the corporate world. AGMs are a fundamental aspect of company governance, and this article will provide you with all the information you need to know about them.

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Government auditing standards definition

Accounting Tools

What are Government Auditing Standards? Government auditing standards are used to conduct financial audits and performance audits of government entities and entities that receive government awards. Performance audits are used to measure the performance of a project or program against previously defined objectives. These standards are promulgated by the Government Accountability Office, and are more commonly referred to as the Yellow Book.

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Important Things to do Before Starting a Trading Company in Singapore

Counto

Important Things to do Before Starting a Trading Company in Singapore Starting a trading company in Singapore offers lucrative opportunities due to its robust economy and strategic location. This comprehensive guide will walk you through the essential steps to set up your trading business in Singapore, including crucial details on company registration, customs requirements, licences, and permits.

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Accumulated depreciation - equipment definition

Accounting Tools

What is Accumulated Depreciation - Equipment? Accumulated depreciation – equipment is the aggregate amount of depreciation that has been charged against the equipment asset. The account has a natural credit balance. The balance in this account is paired with the equipment fixed asset account to arrive at the net book value of all equipment. When equipment is sold, the associated amount of accumulated depreciation is removed from the accumulated depreciation – equipment account.

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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.