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.

Tax 291
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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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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.

Tax 273
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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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If It Aint 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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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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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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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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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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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 169
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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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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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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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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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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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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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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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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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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.

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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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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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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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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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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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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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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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7 Essential Criteria for Choosing the Right Payments Partner

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

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your 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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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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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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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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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.