Thu.Oct 03, 2024

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Tax Fraud Blotter: Beat this

Accounting Today

Let me pay that; W-2-timer; the early bird gets a cell; and other highlights of recent tax cases.

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AccountingDepartment.com Attends EO Alchemy 2024

Accounting Department

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Denver, CO last week.

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IRS workers pitch in on Helene relief

Accounting Today

More than 500 Internal Revenue Service staff are manning FEMA phone lines, and others are deploying to help with search and rescue efforts.

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Fine-Tuning Vision Language Models (VLMs) for Data Extraction

Nanonets

💡 Note that this is the 3rd and final article in the series of VLMs for data extraction. You can find - the one about surveying VLMs here , and - evaluating VLMs on your own dataset here Introduction If you’re beginning your journey into the world of Vision Language Models (VLMs), you’re entering an exciting and rapidly evolving field that bridges the gap between visual and textual data.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Storm victims in Illinois get tax relief

Accounting Today

Those affected by the storm now have until Feb. 3 to file and pay their taxes.

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Surviving the Second Tax Season

Insightful Accountant

The IRS reports a 30% increase in tax extensions over the past five years, with 19 million taxpayers filing for automatic extensions this year. This trend is reshaping our profession (and driving us all nuts).

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Optimizing Your SME’s Cash Flow in Singapore with Working Loans

Counto

Optimizing Your SME’s Cash Flow in Singapore with Working Loans Managing cash flow is vital for the sustainability and growth of small and medium enterprises (SMEs) in Singapore. Working loans can provide essential financial support to navigate operational challenges and optimize tax obligations. Here are some strategies for leveraging working loans effectively while considering corporate tax implications. 1.

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Economists want to trash the QBI deduction. What will voters say?

Accounting Today

A costly provision of the Tax Cuts and Jobs Act of 2017 is in limbo as policy wonks call for either big changes or outright elimination of the policy.

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Solver Releases Three New Industry Solutions

Insightful Accountant

Solver has released three new industry solutions serving Construction, SaaS and Senior Living. Their solutions use the power of data to meet operation and business goals, and drive and accelerate better decisions.

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FreshBooks lays off 140

Accounting Today

Accounting solutions provider FreshBooks will be laying off 140 employees across all teams, and at all levels around the world, more than 20% of its staff of roughly 500.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Top ProAdvisor Profiles: Jaime Thompson

Insightful Accountant

Jaime Thompson, one of our Top 100 ProAdvisors for 2024 is our ProAdvisor Profile focus this week. Jamie resides in Chester, Maryland.

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Crowe doubles size of AI team

Accounting Today

Crowe announced a major expansion of its Artificial Intelligence Center of Excellence, effectively doubling its size through the addition of three newly established teams fully dedicated to AI pursuits.

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QuickBooks Desktop 2024R9 Release Update

Insightful Accountant

Intuit is rolling out some feature enhancements for QuickBooks Enterprise v24, and one enhancement for QuickBooks Desktop 2024 Pro-Plus and Premier-Plus.

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New Acumatica release brings expanded automation, reporting tools

Accounting Today

Accounting ERP provider Acumatica announced its 2024 R2 launch, with hundreds of new features and capacities, many of which center around automation, integrations and enhanced accuracy.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Accounting Principles for Online Sellers Aiming for CAB Status

Counto

Accounting Principles for Online Sellers Aiming for CAB Status As a small business owner in Singapore, obtaining accreditation as a Conformity Assessment Body (CAB) can elevate your business profile and open new avenues. However, with accreditation comes the need for meticulous accounting practices. These practices are vital not just for compliance but also for ensuring the long-term sustainability of your business.

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Drought relief period extended in 41 states

Accounting Today

The Internal Revenue Service is giving eligible farmers and ranches four years to replace drought-stricken livestock, rather than two.

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Foreign Worker Levy Payments in Payroll Systems for Singapore SMEs

Counto

Foreign Worker Levy Payments in Payroll Systems for Singapore SMEs As a small business owner in Singapore, effectively managing Foreign Worker Levy Payments (FWL) is crucial to your operations. Compliance with local laws is vital to avoid penalties that could disrupt your business activities. With levy payments due by the 17th of each month, optimising your processes is essential.

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Pathways to Growth: Optimizing opportunistic growth

Accounting Today

Fish are literally jumping into the boat these days, and accounting firms need to ensure that they get the best possible catch.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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How Company Secretaries Drive CAB Accreditation for SMEs in Singapore

Counto

How Company Secretaries Drive CAB Accreditation for SMEs in Singapore For small business owners in Singapore, gaining accreditation through Conformity Assessment Bodies (CABs) can significantly boost your business’s credibility and open doors to new opportunities. However, the CAB accreditation process can be complex and requires careful navigation to ensure compliance with industry standards and regulatory requirements.

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Steinhoff ex-CFO jailed over accounting scandal

Accounting Today

Ben la Grange, whose official sentence is 10 years, won some leniency for cooperating with investigators.

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How Nominee Directors Simplify the Hand-Carried Exports Scheme (HCES)

Counto

How Nominee Directors Simplify the Hand-Carried Exports Scheme (HCES) As a small business owner in Singapore, expanding your reach globally can seem overwhelming. One of the challenges you might face is the Hand-Carried Exports Scheme (HCES), which allows businesses to zero-rate Goods and Services Tax (GST) on qualifying exports made via Changi International Airport.

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4 Simple Steps to Visualize AWS Costs with CUR & QuickSight

Economize

The AWS Cost and Usage Report (CUR) is a treasure trove of detailed billing data, but in its raw form, it’s more like a cumbersome spreadsheet—overwhelming in scope and often hard to translate into actionable insights.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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HCES and GST Implications: What Singapore’s SMEs Need to Know

Counto

HCES and GST Implications: What Singapore’s SMEs Need to Know As a small business owner in Singapore, managing the export of goods efficiently while staying compliant with GST regulations can be overwhelming. If your business regularly exports products, you’ll be pleased to know that the Hand-Carried Exports Scheme (HCES) can simplify the process. This scheme offers benefits like cost savings and smoother cash flow, but it’s important to understand the GST implications to ensure you comply with

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Vendor Management Job Responsibilities

oAppsNet

Vendor management is not just a critical aspect but the backbone of any business that relies on third-party suppliers. It involves overseeing and coordinating relationships with vendors to ensure that goods and services are not just delivered on time but are the lifeline of the business, meeting the required quality standards. A vendor manager’s role is crucial and indispensable in maintaining the smooth operations of the business.

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Incorporating a Bus Transport Business in Singapore: Licensing Requirements and Best Practices

Counto

Incorporating a Bus Transport Business in Singapore: Licensing Requirements and Best Practices Starting a bus transport business in Singapore can be a rewarding venture, but it involves navigating a series of regulatory steps and ensuring compliance with local laws. This guide will take you through the essential processes, licensing requirements, and best practices for successfully incorporating a bus transport business. 1.

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Top Remote Accounting Candidates for Hire | October 3, 2024

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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BDVL and BAVL Costs: A Financial Guide for Bus Operators in Singapore

Counto

BDVL and BAVL Costs: A Financial Guide for Bus Operators in Singapore Understanding the financial implications of the Bus Driver’s Vocational Licence (BDVL) and Bus Attendant Vocational Licence (BAVL) is crucial for bus operators in Singapore. These licences not only affect operational costs but also impact compliance, employee training, and the long-term sustainability of the business.

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QuickBooks Enterprise Cloud Hosting: Don’t Sleep on These Benefits

Ace Cloud Hosting

In today’s fast-paced business world, staying ahead of the competition means having access to tools that can optimize your operations and improve efficiency. QuickBooks Enterprise Cloud Hosting is one such.

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Tech.Pass Essentials: A Small Business Owner’s Guide to Effective Payroll Management

Counto

Tech.Pass Essentials: A Small Business Owner’s Guide to Effective Payroll Management For small businesses in Singapore, managing payroll effectively is not just about paying employees—it’s crucial for maintaining compliance, ensuring smooth operations, and keeping your team satisfied. A streamlined payroll system saves time, reduces errors, and fosters a more productive work environment.

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HMRC to Consult on E-Invoicing for Businesses and Government Departments

Compleatable

In a significant step toward modernising the UK’s financial infrastructure, HM Revenue and Customs (HMRC) has announced a consultation on the introduction of e-invoicing for businesses and government departments. This move aligns with the government’s broader agenda of digitising processes and improving efficiency within public and private sectors.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.