Thu.Apr 11, 2024

article thumbnail

Tax season nears its end, but uncertainties linger

Accounting Today

From BOI reporting to tax legislation in limbo, even the most 'normal' filing season in a several years still has unresolved questions.

Tax 334
article thumbnail

Tackling Growth and Compliance Tax Challenges with Avalara

Accounting Department

As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors. The complexities of managing sales tax compliance can be overwhelming for smaller businesses, especially when juggling various omnichannel strategies to handle their financial operations.

Tax 214
professionals

Sign Up for our Newsletter

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

article thumbnail

IMA sees role for AI in accounting

Accounting Today

The Institute of Management Accountants is examining the possibilities of artificial intelligence in the accounting profession while undergoing staff cutbacks.

article thumbnail

Exploring Assistance Options for Taxpayers Struggling with Tax Bills

Insightful Accountant

Taxpayers who can't pay their tax bill by the April 15, 2024, deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations.

Billing 105
article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

Tax deadline is pivotal for funding markets, Fed's balance sheet

Accounting Today

The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking system.

Tax 235
article thumbnail

Job Declines vary by Region and Sector during March, 2024

Insightful Accountant

The 'far west' was the only geographic region to suffer a negative net change in employment in March. Wholesale and Construction led the way in net job growth among all employment sectors during the same period.

105
105

More Trending

article thumbnail

Accounts Receivable Analysis: Meaning, Objectives, Importance

Gaviti

Of all the data financial departments love to monitor, accounts receivable often tops the list. After all, it determines how much revenue your business receives. This, in turn, affects its ability to meet financial obligations, such as repaying business loans and making payroll. Is it time for your business to complete an accounts receivable analysis?

article thumbnail

EY weighs another 100 job cuts in Oceania

Accounting Today

The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.

Auditing 200
article thumbnail

The Art of Client Onboarding Bookkeeping Clients: How to Set The Stage for Great Client Relationships Through Carefully Crafted Emails.

LedgerDocs

As the famous saying goes “ you never get a second chance to make a first impression”. This is especially true when working with clients. How the onboarding process begins, sets the tone for the entire client relationship. From the initial contact to gathering necessary information and setting expectations, client onboarding that has been done with careful planning and attention to detail sets you up for success. 1.

article thumbnail

Tax Fraud Blotter: For the birds

Accounting Today

Disunion; cell phones; only the lonely; and other highlights of recent tax cases.

Tax 189
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

Top Remote Accountants for Hire | April 11, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. These are just a few of our top candidates this week. Sign up now to receive our full list of top accounting candidates available weekly!

article thumbnail

IAASB and IESBA adjust strategic plans

Accounting Today

The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants both published new strategic plans for the next few years.

Auditing 154
article thumbnail

Is AI Overhyped? Is CAS a Necessity? These Questions and More w/ Daniel Hood

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello interviews Daniel Hood , the editor-in-chief of Accounting Today. With over two decades of experience in the industry, Daniel shares insights into the evolving trends in accounting firms and the push for advisory services. Tune in to gain a deeper understanding of the future of accounting and the role of technology in shaping the industry.

Payroll 59
article thumbnail

What should owners of an accounting firm call themselves?

Accounting Today

A professional title infers a level of authority, responsibilities and legal accountability, so it's important to choose wisely.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

AvidXchange: How to Check Invoice and Payment Status

AvidXchange

If your customer uses AvidXchange for invoice and/or payment processing, you can easily and quickly check the status of that transaction on our website. Read on for more details. How Do I Check the Status of an Invoice or Payment with AvidXchange? There are three ways to check an invoice or payment status with AvidXchange: 1. AvidXchange Status Lookup Tool • Visit avidxchange.com/status. • Enter the invoice number, invoice date and invoice amount. • Click “Search.” 2.

article thumbnail

Finance AI

Tipalti

Discover the transformative effects of artificial intelligence in finance and how it’s reshaping businesses. Explore the applications, examples and benefits of AI in finance.

article thumbnail

Time draft definition

Accounting Tools

What is a Time Draft? A time draft mandates that payment is due on a readily determinable future date. For example, a bill might be payable 10 days after presentment and acceptance. Time drafts are primarily used in transactions that cross national borders, where the buyer needs time to liquidate purchased goods in order to have sufficient cash to pay the seller.

article thumbnail

Retail Accounts Payable Automation

Tipalti

Discover the power of retail accounts payable automation. Save time and money, reduce risk of errors and fraud and stay tax-compliant, all from one platform.

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

Tracing definition

Accounting Tools

What is Tracing in Auditing? Tracing is the process of following a transaction in the accounting records back to the source document. This typically involves locating an item in the general ledger , tracing it back to a subsidiary ledger (if necessary) to look for the unique identifying document number, and then going to the accounting files to locate the source document.

article thumbnail

Supplier Onboarding

Tipalti

Supplier onboarding plays a critical role in setting the tone for a good vendor relationship. Learn how to optimize your supply chain through expert supplier onboarding strategies.

article thumbnail

Tests of details definition

Accounting Tools

What are Tests of Details? Tests of details are used by auditors to collect evidence that the balances, disclosures , and underlying transactions associated with a client's financial statements are correct. They are used to determine whether the financial data that rolls up into a client’s financial statements are correct. The main objectives of tests of details are as follows: Account balance verification.

article thumbnail

Get Rich Doing Bad Audits

Cloud Accounting Podcast

Blake and David dive into the concerning trend of small CPA firms conducting shoddy audits of large companies and SPACs, raking in big fees while facing minimal consequences for deficient work. They also discuss the latest accounting app funding news, the power of AI for crafting persuasive arguments, and the American Institute of CPAs' puzzling resistance to changes in CPA licensure requirements and touch on the growing importance of client accounting services for public accounting firms.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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

Time and motion study

Accounting Tools

What is a Time and Motion Study? A time and motion study is the analysis of the exact motions required by a person to complete a task, as well as the time required to do so. Once this information has been collected, the analyst devises a more efficient approach by stripping away certain actions and replacing others. Time and motion studies are most commonly applied to highly repetitive tasks, in order to achieve higher levels of labor productivity.

article thumbnail

Traveling auditor definition

Accounting Tools

What is a Traveling Auditor? A traveling auditor is a person who spends a disproportionate amount of time conducting audits in distant locations. The typical auditor works with audit clients that are located within driving distance of his or her home. A traveling auditor is engaged in audit work so far from home that overnight or more prolonged stays at hotels is necessary.