Mon.Jun 17, 2024

article thumbnail

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.

Tax 321
article thumbnail

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.

XERO 216
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Insightful Accountant Announces 2024 ProAdvisor Award Recipients

Insightful Accountant

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

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

article thumbnail

Accounting Today news quiz: June 17

Accounting Today

Test your accounting knowledge on IRS backlogs, nonprofit partnerships, and more. No. 2 pencil not required!

article thumbnail

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.

More Trending

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

CPA 182
article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

article thumbnail

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.

Tax 59
article thumbnail

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.

182
182
article thumbnail

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!

52
article thumbnail

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.

article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

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.

article thumbnail

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.

Tax 140
article thumbnail

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.

article thumbnail

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.

article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

article thumbnail

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.

article thumbnail

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

article thumbnail

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.

Budgeting 195