Mon.Jun 17, 2024

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IRS cracks down on basis shifting by partnerships

Accounting Today

The Internal Revenue Service is targeting the use of basis shifting between related parties as a way for partnerships to avoid paying taxes, setting up a new unit within the Office of Chief Counsel to develop guidance aimed at closing tax loopholes.

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App partner stories: Keeping the wheels of Australia turning

Xero

This guest blog was written by the team behind transport management app MyTrucking. The powerhouse of regional Australia sits in part with its farming, mining and construction industries. The thousands of communities and family-owned small businesses in these sectors around the country help keep the wheels of Australia turning. One such family-owned business has been on the tools since 2009.

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Fixing the pipeline problem

Accounting Today

The National Pipeline Advisory Group's recommendations cover a wide range of ways to attract more people to the profession, and Jennifer Wilson walks us through what everyone can do to help.

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The SEC internship that changed everything for one aspiring accountant

Blake Oliver

Who knew that watching the TV show Suits could lead to a life-changing internship at the SEC? For Cody Turley, that's exactly what happened, and it was just the beginning of a wild ride through the world of forensic accounting. In this episode of The Accounting Podcast , Cody shares his fascinating journey, from an SEC internship to leading a forensic accounting team in his mid-20s in Arizona to investigating Ponzi schemes for the federal government.

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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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IRS releases FAQs on educational assistance programs

Accounting Today

The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.

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The 18 Best Accounting Conferences to Attend

Future Firm

Check out this list of the 18 best accounting conferences to help you level up your skills and stay on top of the major accounting trends. The post The 18 Best Accounting Conferences to Attend appeared first on Future Firm.

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Insightful Accountant Announces 2024 ProAdvisor Award Recipients

Insightful Accountant

Today's Main Stage of Scaling New Heights featured Insightful Accountant's 2024 ProAdvisor recipients.

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Woodard: Advisory no safe haven from AI

Accounting Today

During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.

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Google Cloud Data Fusion Pricing & Data Pipeline Tutorial

Economize

Today, businesses grapple with the challenge of handling massive amounts of data from multiple data sources. Effectively integrating this data is essential to harness its full potential. Google Cloud Platform (GCP) introduces Cloud Data Fusion, a powerful tool designed to simplify the complex data integration process.

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Past SEC head William Donaldson dies at 93

Accounting Today

He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.

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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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W-2 Vs. W-4: What’s The Difference?

Ace Cloud Hosting

Every working professional comes across the W-4 and W-2 tax forms at some point. These two forms are critical IRS documents that ensure your taxes are reported accurately during tax.

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M&A roundup: CSH and RKL expand

Accounting Today

Clark Schaefer Hackett is adding Rolfes & Swisher; and RKL Virtual Management Solutions is merging in Kauffman CPA.

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Practice Management Talks | Delegation And Using Your Team's Talent | Archives

Insightful Accountant

In this Webinar session, we dive into the crucial role of delegation in enhancing efficiency and productivity within your firm. Watch this replay of June's Practice Management Talks!

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Art of Accounting: Is it déjà vu all over again?

Accounting Today

Concerns about staffing and clients are nothing new at accounting firms and never seem to go away.

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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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B2B Customer Payment Portal: Definition, Types & Process

Gaviti

Although B2B customer payment portals are often confused with customer payment portal software, they target different audiences and offer different functionalities and integrations. What is a B2B Customer Payment Portal? A B2B customer payment portal facilitates customer payment collection by customers of B2B businesses the ability to pay their receivables, which are often high-volume and complex.

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Tax savings on a healthy yield drive investments in preferred securities

Accounting Today

The growing fixed-income products carry some risks, but their returns this year are attracting more financial advisors and their clients, according to experts.

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Accounts Receivable for Small Businesses: Streamline Cash Flow 

CapActix

For small businesses, managing cash flow is often a delicate balancing act. One of the most effective ways to maintain this balance is through efficient management of accounts receivable. While many small businesses excel at delivering their products and services, they often struggle with the administrative and logistical challenges of getting paid on time.

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Jun 17, Definition of Assets and Liabilities | Focus On Bookkeeping

Bookkeeping Essentials

A look at IASB's definition of assets and liabilities from Conceptual Framework for Financial Reporting Review. Revenue recognition criteria is also touched upon.

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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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The Compelling Case for Nearshoring Accounting to Argentina

Cloud Accounting Podcast

Discover the compelling advantages of nearshoring your accounting and finance functions to Argentina. In this episode, Nicolás Villafañe, partner at South Offices, shares his insider perspective on why Argentina is a top destination for accessing skilled talent while enjoying significant cost savings compared to hiring in the US. Learn how Argentina's timezone alignment, cultural affinity, and highly qualified pool of licensed CPAs can provide your business with a seamless experience as if you w

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Jun 17, Accounts Receivable Collection Procedures

Bookkeeping Essentials

Accounts receivable collection procedures are discussed as well as how to stop providing interest free loans to your clients and customers.

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Trump plan to exempt tips from taxes could cost $250B

Accounting Today

Donald Trump's new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.

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