Thu.Oct 03, 2024

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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.

Tax 305
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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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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.

Tax 310
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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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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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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.

Tax 243
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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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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).

Tax 105
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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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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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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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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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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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IRS to double reach of Direct File in 2025

Accounting Today

The free filing program will be available in 24 states, and reach potentially 30 million taxpayers.

Tax 258
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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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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.

Payroll 52
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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.

Tax 182
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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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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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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.

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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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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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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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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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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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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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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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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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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.

Payroll 52
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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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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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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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.