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 184
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

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.

article thumbnail

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

article thumbnail

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.

Tax 305
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.

More Trending

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

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

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

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.

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

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

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

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.

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

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

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

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.

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

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

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