Accounting Today

MARCH 26, 2024

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 millions visits through March 15.

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Tax 353

Xero

MARCH 26, 2024

We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. We know you have plenty of questions and concerns about this change, so we thought we’d share an update on what’s happening behind the scenes. The good news: our teams are busy building a new invoicing product that is going to give you far more flexibility and customisation in the future, with beautiful checkout experiences and unlimited payment methods.

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Accounting Today

MARCH 26, 2024

Experts highlight tech savviness and strong communication as key skills for early-career accountants.

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Accounting Accounting CPA 338

Insightful Accountant

MARCH 26, 2024

Have you ever heard of one-piece flow? The concept of one-piece flow stands as a beacon of efficiency. Ben Coleman explains one-piece flow and how to apply it to our daily work routines.

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

Accounting Today

MARCH 26, 2024

The Massachusetts Society of CPAs released a report that identified widespread racial and ethnic disparities in the profession.

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Accounting Accounting 325

Cevinio

MARCH 26, 2024

Discover invaluable insights and experiences from Valentina Smirnova, as she shares her leadership journey in transforming AXA Partners. Gain valuable perspectives on finance transformation and effective change management strategies.

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AP 100

Cloud Accounting Podcast

MARCH 26, 2024

Professor Ed Ketz of Penn State joins the show to discuss audits' current state and future. We delve into the relevance of audits and explore the value of unqualified opinions in making audits meaningful. The discussion also touches on the overstandardization of audit reports and how this can lead to investor misunderstandings. Professor Ketz brings a unique perspective, sparking a debate on whether the existence of the unqualified opinion creates value rather than the content within.

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Auditing Accounting Accounting 70

Accounting Today

MARCH 26, 2024

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin.

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Tax 306

Less Accounting

MARCH 26, 2024

The practice of keeping clean books for a small business not only streamlines operations but also fortifies a company’s standing with investors, creditors, and regulatory bodies. Yet, the task of bookkeeping, with its intricate details and the need for precision, can often become overwhelming, especially for small businesses and startups. This is where the significance of having an expert ally, like Less Accounting, becomes invaluable.

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Financial Records Bookkeeping Data Entry Record Keeping 59

Accounting Today

MARCH 26, 2024

In the fast-paced ecosystem of accounting, managers often find themselves navigating a tightrope.

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Accounting Accounting 266

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Collections

Invoicera

MARCH 26, 2024

Introduction Ever Puzzled over an invoice and wondered how it all works? You are in the right place. Invoices play a key role in business transactions, ensuring we get paid on time. You need to know the ins and outs of the invoice payment process to make the most of them. In this blog post, we will guide you through invoice payment details while deep-diving into the essential elements of invoices.

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Accounting Today

MARCH 26, 2024

Fieldguide raised $30 million in funding led by Bessemer Venture Partners to further its goal of using AI to alleviate an acute shortage of accountants worldwide.

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Accounting Accounting Auditing 235

CSI Accounting & Payroll

MARCH 26, 2024

When small business owners find themselves in trouble, they either downplay it or take it to heart. How do you know just how bad your situation is? Many people start by comparing themselves to their peers. CSI Accounting & Payroll has worked with small business finances and operations for over 50 years. Believe us when we say we’ve seen it all! In all of that time, we’ve gotten a lot of questions about the worst we’ve seen and if certain situations are too bad to work with, such as: What are

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Accounting Today

MARCH 26, 2024

The revenue service accused Binance of nonpayment of VAT and company income tax, failure to file returns, and complicity in aiding customers to evade taxes.

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Tax 195

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Accounts Payable

Nanonets

MARCH 26, 2024

Businesses rely on vendor relationships for a multitude of things; gathering raw materials, boosting customer service offerings, and securing certain software tools to help enhance business operations. While these partnerships are vital, investing in all the goods and services provided by vendors can add up fast. Luckily, with net 60 accounts offered by some vendors, businesses can get a bit of relief from the never-ending list of expenses.

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Accounting Today

MARCH 26, 2024

The IRS is pushing back filing and payment deadlines for victims of severe storms last November.

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Tax 195

Insightful Accountant

MARCH 26, 2024

If you feel like your accounting system is abandoning you, Murph will share options for you at Insightful Accountant's upcoming Future Forward Event, May 21-22, 2024.

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Accounting Accounting 52

Accounting Today

MARCH 26, 2024

More than prep; homebuyer credit needs work; tax shots across the Hudson; and other highlights from our favorite tax bloggers.

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Tax Auditing 154

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Accounting

Counto

MARCH 26, 2024

Top Co-Working Spaces for Your Business in Singapore In today’s dynamic business landscape, flexibility is key. Co-working spaces have emerged as a popular solution for businesses seeking adaptable work environments. Beyond offering essential amenities like fast WiFi and mail handling services, these spaces provide a range of perks, from collaborative opportunities to professional meeting rooms, making them an attractive option for SMEs, business owners, and entrepreneurs.

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Corporation Tax Bookkeeping Tax Accounting 52

Accounting Today

MARCH 26, 2024

Forvis announced the release of a complementary web-based tax tool for clean energy projects and investments.

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Tax 145

Jetpack Workflow

MARCH 26, 2024

Jetpack Workflow and TaxDome are two popular software solutions that accountants, CPAs, tax professionals, and bookkeepers use to manage client work. Both platforms support workflow automation and team management features and integrate with major accounting software systems. When choosing between the two options for your firm, it helps to know where they differ and which may be more beneficial as you scale.

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Counto

MARCH 26, 2024

What is ECI and When to File ECI? Best Guide for Singapore SMEs Incorporated companies in Singapore are mandated to file their Estimated Chargeable Income (ECI) within three months of the conclusion of their fiscal year. For instance, if a company’s financial year ends on December 31, 2019, it must file ECI by March 31, 2020. Understanding the significance of timely ECI filing is paramount, as it not only aids policymakers in assessing industry performance but also fulfils an essential cor

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Tax Corporation Tax Computation Budgeting 52

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

Payroll

Remote Quality Bookkeeping

MARCH 26, 2024

In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a lifeline for many businesses, offering financial support to retain employees during challenging times. However, as the IRS deadline approaches, small businesses must tread carefully and ensure their ERC claims are accurate and compliant. Here, we’ll explore common pitfalls and guide how to navigate the ERC landscape effectively.

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Outsourced Bookkeeping Bookkeeping Tax QuickBooks 52

Accounting Tools

MARCH 26, 2024

What is Direct Credit? A direct credit is an electronic transfer of funds through the ACH (Automated Clearing House) system. The payment is initiated by the payer , which sends funds directly into the bank account of the payee. Settlement usually occurs within one or two business days. Direct credits are commonly used to make periodic compensation payments to employees.

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Deposits Accounting Accounting 40

Accounting Tools

MARCH 26, 2024

What is Unlimited Liability? Unlimited liability means that each owner of a business can be held personally liable for the debts of the organization. This means that creditors can pursue the personal assets of an owner to obtain payment of the liabilities of the associated business. The unlimited liability concept is of particular concern for large and unexpected liabilities that a business does not plan for and has no cash reserves against, such as an adverse outcome of a lawsuit against the fi

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Accounting Tools

MARCH 26, 2024

What is an Unavoidable Cost? An unavoidable cost is an expenditure for which there is a firm spending commitment in the short term. Because of the commitment, it is not possible to sidestep the cost until the commitment period has ended. This type of cost does not factor into short-term operational decisions, since it will not vary as a result of those decisions.

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Cost Accounting Accounting Accounting 40

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.

Accounting Tools

MARCH 26, 2024

What is a Bank Charge? A bank charge is a fee assessed to an account by a financial institution. A bank charge may be levied for a number of reasons, including the following: Not maintaining a minimum balance Issuing a not sufficient funds check Depositing a check that bounces Exceeding the overdraft limit on an account The passage of time, if there is a monthly service fee The ordering of additional bank checks Foreign transaction fees The issuance of a paper bank statement , rather than an on-

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Bank Reconciliation Deposits Auditing Accounting 40

Accounting Tools

MARCH 26, 2024

What are Credit Sales? Credit sales are purchases made by customers for which payment is delayed. Delayed payments allow customers to generate cash with the purchased goods, which is then used to pay back the seller. Thus, a reasonable payment delay allows customers to make additional purchases. The use of credit sales is a key competitive tool in some industries, where longer payment terms can be used to attract additional customers.

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Accounting Tools

MARCH 26, 2024

What is Bonds Payable? Bonds payable is a liability account that contains the amount owed to bond holders by the issuer. The account balance increases when an organization sells bonds to investors, and declines when the issuer redeems them. An entity is more likely to incur a bonds payable obligation when long-term interest rates are low, so that it can lock in a low cost of funds for a prolonged period of time.

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Accounting Accounting 40

Accounting Tools

MARCH 26, 2024

What are Mutually Exclusive Investments? Mutually exclusive investments are a set of prospective capital investments , where the selection of one investment automatically excludes the other projects from being funded. The concept of mutually exclusive investments can also be driven by strategic considerations, where funds are directed toward those projects that will allow an organization to most effectively pursue a specific strategic direction.

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Corporate Finance Budgeting 40

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.

CPA