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 222
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

Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.

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

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

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.

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

Building a Business Case for Finance Automation

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.

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

Fall In Love With the Month-End Close

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.

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

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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.