Wed.Mar 13, 2024

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Tax pros: Be careful what you tell clients about BOI

Accounting Today

Affected businesses may turn to their accountants for help, but are firms the best source to help clients report beneficial ownership information to the feds?

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Considering a Merchant Cash Advance? Answer This One Question

FundThrough

We’ve been noticing a trend: an increasing number of our clients have merchant cash advances (MCAs) listed on their lien reports. A recent U.S. Consumer Financial Protection Bureau report highlights this surge, revealing that MCA use more than doubled over five years, leading to heightened regulatory scrutiny. This quick-fix financial solution, often seen as an […] The post Considering a Merchant Cash Advance?

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Credit Suisse client in tax dodge case gets $15M bail

Accounting Today

Daniel Rotta hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures and nominees" to conceal offshore assets and income.

Tax 299
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IRS Energy Credits Online: Register for Clean Vehicle Tax Credit Advance Payments

Insightful Accountant

Auto dealers and sellers must register with IRS Energy Credits Online to submit time-of-sale reports for Clean Vehicle Tax Credit advance payments for vehicles placed in service in 2024 and beyond.

Tax 105
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Creating sustained success for nonprofits

Accounting Today

Nonprofit development and accounting departments are working toward the shared goals of sustainable growth and accomplishing their mission.

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3 Ways to Help Ensure New Employees Stay

Insightful Accountant

Hiring in accounting, particularly for tax talent, is tough due to declining student enrollments and CPA exam takers. This trend puts pressure on the industry for hiring.

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FinOps FOCUS Converters for AWS, GCP, Azure & Oracle Billing

Economize

In the current cloud landscape, there’s a lack of a standardized method to normalize cloud cost and usage measures across multiple cloud platforms, at a time when managing cloud costs and optimizing spending have become paramount.

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PwC Australia cuts hundreds of jobs in overhaul to lower costs

Accounting Today

The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.

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Mar 13, Casual Labor | Casual Employment

Bookkeeping Essentials

Can I pay employees as casual labor for only a few days of work without deductions? Includes step-by-step instructions for paying employees in cash.

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Praxity grows global revenue to $9.7B

Accounting Today

The Praxity Alliance of independent accounting firms reported revenue of $9.7 billion in 2023, an 11% increase over 2022 at constant exchange rates.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Sage Expands and Enhances Construction Solutions

Insightful Accountant

Sage's recent investments to provide an end-to-end construction cloud suite underscore their commitment to help construction customers thrive. Murph elaborates on Sage Transform announcements.

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Wolters Kluwer global minimum tax software launches in North America

Accounting Today

Wolters Kluwer announced that its solution support the global minimum tax in accordance with OECD Pillar II requirements.

Tax 189
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3 Simple Ways to Collect Feedback From Your Clients

Future Firm

Level up your firm's customer experience with these three effective methods to gather and understand client feedback. The post 3 Simple Ways to Collect Feedback From Your Clients appeared first on Future Firm.

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IRS taps Guy Ficco to head Criminal Investigation

Accounting Today

The current deputy chief of IRS CI will be the new chief, succeeding Jim Lee.

Tax 189
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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Why Choose a Private Limited Company (Pte Ltd) for Your Singapore Business Venture

Counto

Why Choose a Private Limited Company (Pte Ltd) for Your Singapore Business Venture Are you considering starting a business in Singapore? If so, understanding the different business structures available is crucial for making the right decision. Among the various options, the private limited company, or Pte Ltd, stands out as the preferred choice for many SMEs, entrepreneurs, and foreign investors.

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AI tax assistants, and other tech stories you may have missed

Accounting Today

H&R Block's AI chatbot assistant, a deepfake scam rakes in $25 million, and eight other developments in technology.

Tax 154
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Sample Employee Business Expense Policy Template

Nanonets

Imagine discovering that a simple oversight in managing business expenses led to a small fortune being unwittingly spent on avoidable costs. This isn't just a hypothetical scenario; it's a reality for organizations that overlook the strategic importance of a meticulously designed expense policy. In this piece, we'll provide an expense policy template designed to serve as reference for crafting your own expense policy for your business.

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The Advantages of Fixed Pricing Over Charging Per K8s Pods

finout

When managing costs in Kubernetes (K8s) deployments, choosing the right pricing model is crucial. This blog explores why fixed pricing may be a better choice than the common practice of charging per K8s pod, explaining how it can ease budgeting, simplify billing, and save money for companies using cloud services.

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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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Top 10 OCR for Invoices in 2024

Nanonets

Managing invoices efficiently is integral for businesses to maintain smooth cash flows and accurate financial records. Optical Character Recognition (OCR) technology has emerged as a crucial tool, enabling organizations to streamline invoice processing, enhance accuracy, and accelerate financial workflows. By automating data extraction from invoices, OCR software significantly reduces the burden of manual data entry, mitigating errors and optimizing resource utilization.

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Powering Prosperity, One Community at a Time

Intuit

In fact, the number of Americans living in distressed communities is astounding – one in about six do. So it’s not surprising that many Intuit customers also live in these communities located in more than 10,000 distressed zip codes. These customers often will face a myriad of socio-economic hurdles, which is reflected in fewer residents completing their high school education, driving higher unemployment with more living below the poverty line.

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Member Spotlight: Sharpen Your Credit Skills

NACM

Since the early 2000s, artificial intelligence has revolutionized business, creating new roles and boosting productivity. However, its lack of human elements like creativity and emotional intelligence has increased the demand for workers with specialized skills and knowledge. Through NACM's six-level Professional Certification Program, credit profe.

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