Fri.Jun 14, 2024

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A midyear multistate payroll compliance checklist

Accounting Today

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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IMA tries to attract young accountants

Accounting Today

The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.

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The Struggles of Digitizing Bookkeeping Documents and How Overcome Them

LedgerDocs

Digitizing bookkeeping documents has become necessary to keep up with modern business document filing standards, however the journey from paper to pixels can be a challenging one. Here are some common struggles faced during this transition and the LedgerDocs solution: 1. Volume and Variety of Documents The Problem: The sheer volume of invoices, receipts, financial statements and tax forms that need to be scanned, uploaded and filed can make this task overwhelming to start.

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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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Tech news: Big Four firms announce strategic alliances

Accounting Today

Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.

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Everything You Need to Know About IRS Form 1040 Schedule 2

Ace Cloud Hosting

IRS Form Schedule 2 is one of the most common forms that many taxpayers need to fill if they are self-employed, have household employees, or have other situations shared in.

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5 Ways that BPA Software Makes Invoice Approvals Better

NextProcess

In the accounts payable department, the ideal invoice approval workflow should be seamless, efficient, and cost-effective. Invoices arrive in the department, they’re verified through document matching (with exceptions flagged for review), the approvers are notified that invoices are ready for review, approvals come through, payments are made, and the bookkeeping entry is finalized.

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SCOTUS asks for input on cert decision in SALT case

Accounting Today

The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.

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How Much Do Employers Pay in Payroll Taxes?

CSI Accounting & Payroll

As a small business owner, you have financial obligations to the government with every employee you hire. When considering the cost of an employee, you need to think of expenses beyond their salary – including how much you’ll need to pay in payroll taxes.

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IRS pushes recruitment with updated Careers site

Accounting Today

For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.

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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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Procure-to-Pay Process & how to optimize P2P Cycle

Nanonets

Businesses today purchase various kinds of goods and services for different purposes. The procure-to-pay process encompasses all processes involved in the entire lifecycle of purchasing goods and services. From initial requisition to final payment, this process involves multiple stakeholders with complex workflows and necessitates significant financial checks and control over itself.

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Australia needs consulting contracts policing after PwC woes

Accounting Today

Intense scrutiny that began last year with revelations that the Australian arm of PricewaterhouseCoopers LLP shared confidential information from its work with the government on upcoming tax changes to generate new business at private firms.

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How to do Balance Sheet Reconciliation

Nanonets

What is Balance Sheet Reconciliation? What is a Balance Sheet? A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. Balance sheet reconciliation is a critical financial process that aligns the financial statements with external documentation such as bank statements, invoices, and general ledger entries.

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CFOs concerned about economy ahead of election

Accounting Today

CFOs remain divided on the prospects for the economy and continue to see risks from inflation, cybersecurity, generative AI and talent shortages, according to a new survey from Deloitte.

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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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Ultimate Guide to Accounts Payable In D365 Business Central

Nanonets

Efficient management and juggling your business’s Accounts Payable (AP) is one of those accounting tasks that goes unnoticed by most – until there’s a problem. But effective AP management is key for a business’s financial health , helping balance cash flow with maintaining positive vendor or supplier relationships. Likewise, there’s more to the term “AP processes” than meets the eye; it encompasses the complete cycle from invoice receipt to paymen

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Michigan's Plante Moran opens first office in New York City

Accounting Today

The century-old accounting and management consulting firm based is expanding its presence beyond its Midwestern base.

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An accountant's approach to a suggestion scheme

Accounting Fun

A firm of accountants (that shall remain nameless) wanted to engage their staff in an efficiency drive so that everyone understood the need to be careful with the firm's money. The partners introduced a suggestion scheme facility and promised a prize of £100 for the best suggestion each month - in terms of a simple to implement money saving measure.

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Bill360 Introduces Advanced AR Automation at Scaling New Heights

Insightful Accountant

Bill360, an end-to-end accounts receivable automation solution,

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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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Trump tells CEOs he would cut corporate tax rate to 20%

Accounting Today

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.