Fri.Sep 20, 2024

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RSM lays off 3% of staff

Accounting Today

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

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Embracing Automation: Enhancing Time Efficiency In Accounting

The Successful Bookkeeper

In accounting, managing time goes beyond simply organizing your hours; it’s about maximizing value for both you and your clients.

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Collapse of BF Borgers unleashes flood of new SEC audit clients

Accounting Today

The unexpected demise of an audit firm proved a boon for many small auditors.

Auditing 306
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Cloud Data Defense: Encryption & Access Controls for a Secure Online Environment

Ace Cloud Hosting

Cybersecurity experts believe misconfiguration is the biggest threat to cloud security. Exfiltrating sensitive data and insecure interfaces/APIs are also major concerns, while unauthorized access is another significant risk. Encryption and.

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If It Ain't Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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FinCEN releases beneficial ownership reporting toolkit for small biz

Accounting Today

The Treasury Department's Financial Crimes Enforcement Network has created an online toolkit to help small business owners comply with the new beneficial ownership reporting requirements.

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Should I Automate My Business Processes or Outsource Them?

NextProcess

It’s no secret that automating and/or outsourcing business processes can save your company time and money. But automation and outsourcing work differently, though they often do similar things for your company. Which one should you pick? The choice between automation and outsourcing depends on exactly what needs to be done and how much of your process you want to keep in-house.

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Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide

Counto

Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide Automating tax payments through corporate bank accounts can greatly boost operational efficiency for foreign entrepreneurs operating in Singapore. By leveraging automation, businesses streamline tax processes, reduce costs, and ensure compliance with local regulations.

Tax 52
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AR processes are a mess

Accounting Today

Many companies grapple with fragmented systems, outdated procedures and a general lack of integration, which together create a chaotic environment for managing receivables.

AR 161
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Enhance Your SME’s Financial Performance: A Guide to Improving Return on Equity (ROE)

Counto

Enhance Your SME’s Financial Performance: A Guide to Improving Return on Equity (ROE) As a small business owner in Singapore, understanding key financial metrics is essential for making informed decisions and achieving long-term success. One crucial metric is Return on Equity (ROE). This guide will explain what ROE is, the current trends among Singaporean SMEs, the factors affecting ROE, and practical tips for enhancing it. 1.

Tax 52
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IASB proposes amendments on applying equity method

Accounting Today

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

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Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Decoding the Equity Multiplier: What Singaporean SMEs Need to Know

Counto

Decoding the Equity Multiplier: What Singaporean SMEs Need to Know As a small business owner in Singapore, you’re constantly juggling multiple responsibilities. From managing day-to-day operations to planning for future growth, it’s easy to overlook some of the finer points of financial management. However, understanding key financial metrics can give you a significant edge in our competitive market.

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NY pension buying Vista stake tied to late billionaire Brockman

Accounting Today

Prosecutors alleged Robert Brockman controlled Point, a Bermuda-based entity, and used it to engage in the largest tax-evasion scheme by an individual in U.S. history.

Tax 161
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Automating Tax Payments Through Corporate Bank Accounts: What Foreign Entrepreneurs Need to Know

Counto

Automating Tax Payments Through Corporate Bank Accounts for Singapore SMEs: Local and Foreign Entrepreneurs Guide Automating tax payments through corporate bank accounts can greatly boost operational efficiency for foreign entrepreneurs operating in Singapore. By leveraging automation, businesses streamline tax processes, reduce costs, and ensure compliance with local regulations.

Tax 52
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Special travel per diem rates begin next month

Accounting Today

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

Tax 169
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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Book Updates for Accurate GST Reporting: Essential Tips for SMEs in Singapore

Counto

Book Updates for Accurate GST Reporting: Essential Tips for SMEs in Singapore As a small business owner in Singapore, managing accurate GST reporting is crucial for compliance and financial health. Ensuring that your books are up-to-date not only helps you avoid penalties but also keeps your business on solid financial footing. Here’s a concise guide to help SMEs enhance their GST reporting practices.

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On the move: Herbein appoints first COO

Accounting Today

NASBA selects executive vice president; KPMG releases 2024 CEO Outlook Survey; and more news from across the profession.

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Evolution of the Finance Function: Drivers for 2025

AvidXchange

The finance function is undergoing a profound transformation, driven by emerging priorities and challenges within the industry. In August 2024, AvidXchange surveyed 500 finance leaders to learn more about their priorities and challenges heading into 2025. We found that most of these individuals have experienced the evolution of the finance function firsthand, shouldering new responsibilities outside of the traditional accounting and finance job scope this year.

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Intuit Launches ERP, China Fines PwC, OpenAI's New Model

Cloud Accounting Podcast

Blake and David explore Intuit's new Enterprise Suite, a product that appears to compete with NetSuite in the mid-market ERP space. They also discuss a major audit failure by PwC in China related to Evergrande, raising concerns about the ethics and integrity at large accounting firms. They also discuss the tragic death of a young accountant at EY in India due to overwork and explore the implications of OpenAI's latest model outperforming humans on IQ tests.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Integrating Wealth Management with Accounting Services

Earmark Accounting Podcast

Join Blake Oliver as he interviews Kyle Walters, CPA firm partner and wealth manager at Atlas Wealth Advisors. Despite not being a CPA himself, Kyle brings a fresh perspective to the accounting world. We'll explore: - The benefits of integrating wealth management and accounting services - How non-traditional backgrounds can lead to innovative approaches - Candid insights into client feedback that CPAs rarely hear - Strategies for delivering the integrated advice clients truly want (Originally re

CPA 45
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An ode to auditing

Accounting Fun

Auditors are people too, we’re not nasty and mean No need for fear and loathing whenever we are seen Don’t hide behind your desk or go and nervously take flight We’re only there to try to make sure everything’s all right So when we do a test it isn’t just because we can It’s to check your system’s working right all neatly spick and span When we ask awkward questions it’s simply that we care That your records may be incomplete with not all you need there We look for fraud it’s true but hope to fi

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Table Extraction using LLMs: Unlocking Structured Data from Documents

Nanonets

Picture this - you’re drowning in a sea of PDFs, spreadsheets, and scanned documents, searching for that one piece of data trapped somewhere in a complex table. From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted.

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Why CorpPass is Essential for Payroll Compliance in Singapore

Counto

Why CorpPass is Essential for Payroll Compliance in Singapore For small business owners in Singapore, managing payroll compliance can be a complex task. Fortunately, CorpPass offers a streamlined solution to manage this effectively. CorpPass is crucial for ensuring your business adheres to payroll regulations and interacts seamlessly with government agencies.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Vance, Walz hold dueling CEO meetings ahead of VP debate

Accounting Today

In his meeting, Vance touted Trump's pledges to lower taxes and argued for the Republican nominee's tariff policies.

Tax 161
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How CorpPass Transforms GST Filing for Singaporean SMEs

Counto

How CorpPass Transforms GST Filing for Singaporean SMEs Handling GST filing in Singapore can often feel daunting, but CorpPass is here to make the process much smoother. Whether you’re a local SME or a foreign business, CorpPass significantly simplifies interactions with government agencies, ensuring that compliance with GST regulations is straightforward and efficient.