Fri.Sep 20, 2024

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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 334
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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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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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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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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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 317
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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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What Is Consolidated Billing? Best Practices & Benefits Uncovered

Billing Platform

Popular among software-as-a-service (SaaS) organizations, billing consolidation is a methodology that merges multiple transactions or subscriptions into a single invoice. This approach simplifies the process by consolidating multiple financial transactions. It’s also referred to as consolidated invoicing, consolidated subscription billing, and consolidated billing in SaaS.

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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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Checklist: Avoiding & Preparing for a Small Business Tax Audit

CSI Accounting & Payroll

Small businesses have to pay income taxes, which are subject to audits from the IRS. Sometimes, business owners can trigger audits, and other times, they are completely random.

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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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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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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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Tech news: Trullion offers AI-powered cloud audit suite

Accounting Today

Trullion offers AI-powered cloud audit suite; april tax solution now covers all 50 states; Workday announces new initiatives, investments and a wellness solution; and other accounting technology news.

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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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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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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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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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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 173
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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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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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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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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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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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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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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

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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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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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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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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.

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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 173
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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.