Fri.Feb 07, 2025

article thumbnail

Cybersecurity best practices during tax season

Accounting Today

CPAs handle an influx of sensitive financial information and personal information during tax season, making them an attractive target for cybercriminals.

Tax 162
article thumbnail

Can Employers in Singapore Ask About a Candidate’s Last Drawn Salary? What You Need to Know

Counto

Can Employers in Singapore Ask About a Candidates Last Drawn Salary? What You Need to Know As a small business owner in Singapore, understanding the nuances of fair employment practices is essential, especially when discussing compensation during the hiring process. One common question that arises is whether its appropriate to inquire about a potential candidates last drawn salary.

Payroll 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Job growth slowed in January, with just 600 jobs in accounting

Accounting Today

Employers added 143,000 jobs in January, including 600 in accounting, tax preparation and payroll services, the U.S. Bureau of Labor Statistics reported.

Payroll 147
article thumbnail

Your Guide to Accounting APIs 

AvidXchange

Table of Contents: What is an API? | Why Use Accounting APIs? | Tips to Apply Accounting APIs in Your Department | Transform Your Department with Accounting APIs APIs are an important part of accounting. They enable integration between software systems, automating data exchange and reducing the need for manual input. Using accounting APIs in your organization can help your finance and accounting teams work more efficiently, improve accuracy, and enable better reporting and record-keeping.

article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

On the move: FICPA hosts annual CPA Day

Accounting Today

EisnerAmper appoints international tax services leader; Meaden & Moore promotes six to VP principal; and more news from across the profession.

CPA 147
article thumbnail

How Small Businesses in Singapore Can Open an Account in Wise Bank for International Payments

Counto

How Small Businesses in Singapore Can Open an Account in Wise Bank for International Payments For small business owners in Singapore looking to streamline their international payments, Wise Bank (formerly TransferWise) offers a practical and cost-effective solution. With its multi-currency accounts and low transaction fees, Wise can simplify your cross-border payment processes and reduce currency conversion costs.

More Trending

article thumbnail

How Small Businesses in Singapore Can Open an Airwallex Account for International Payments

Counto

How Small Businesses in Singapore Can Open an Airwallex Account for International Payments If youre a small business owner in Singapore looking to simplify international payments and reduce operational costs, youve probably heard of Airwallex. This platform offers a multi-currency business account and a suite of payment solutions that streamline cross-border transactions.

article thumbnail

GBQ acquires Talentcrowd

Accounting Today

The Top 100 Firm acquired Columbus, Ohio-based hiring platform Talentcrowd to expand its business technology offerings.

147
147
article thumbnail

Payroll Cycle in Singapore 2025: Key Compliance and Best Practices for Small Businesses

Counto

Payroll Cycle in Singapore 2025: Key Compliance and Best Practices for Small Businesses Managing payroll effectively is crucial for small businesses in Singapore. Timely and accurate salary payments keep employees motivated and ensure compliance with local regulations. As we move into 2025, understanding Singapores payroll cycle will be essential for smooth operations and long-term success.

Payroll 52
article thumbnail

Common Reasons Why Your Invoices Go Unpaid

Enterprise Recovery: Accounts Receivable

It can be easy to get frustrated and make assumptions about why your invoices aren't being paid on time. The problem is that your frustration doesn't solve or prevent the situation from happening. After years of recovering delinquent debt for B2B clients, we've identified many reasons behind late or unpaid invoices. Read on to discover the reasons behind unpaid invoices and how to tackle them effectively.

article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

Does Singapore Have 13th Month Pay?

Counto

Does Singapore Have 13th Month Pay? As a small business owner in Singapore, understanding employee compensation is key to managing payroll effectively and maintaining a satisfied workforce. One common question many employers have is whether Singapore requires the payment of a 13th month salary. Lets break this down and explore what this means for your business and payroll practices.

Payroll 52
article thumbnail

Wave Pro vs Starter: When To Upgrade

Fit Small Business

Wave is a popular accounting software known for its user-friendly approach to tracking invoices and managing bills. With the introduction of its paid tier, Wave Starter is now limited to a single seat and no longer supports bank account connections. Meanwhile, Wave Pro offers unlimited user access and includes premium features like automated invoice reminders.

article thumbnail

Challenges of Cross-Country Financial Operations: A Guide for Small Business Owners

Counto

Challenges of Cross-Country Financial Operations: A Guide for Small Business Owners Expanding your small business beyond Singapores borders offers exciting growth opportunities. However, managing cross-country financial operations introduces complexities that require careful attention. From navigating diverse tax systems to handling currency fluctuations, understanding these challenges is crucial for successful international expansion.

article thumbnail

How will you respond when AI agents reshape your firm's business model?

Accounting Today

While AI agents are not quite ready for prime time, they are here and slowly but surely changing the accounting profession.

article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

What Is an Amortization Schedule?

Fit Small Business

An amortization schedule is a table or chart that shows each loan payment throughout the life of the loan. These payments are broken down to show how much will be allocated to the loan’s principal and accrued interest charges, as well as the new loan balance after each subsequent payment. A schedule can be used. The post What Is an Amortization Schedule?

52
article thumbnail

10 Must Avoid Errors in Costly Tax Return Preparation

CapActix

Tax return preparation is often pushed till the last minute. This creates stress and mistakes. Moreover, if you are a CPA or an accountant working for clients and preparing taxes for them, then you better not wait till the last moment. You must keep moving the needle as a professional tax return preparer. In fact, a majority of companies hire a tax preparer to make sure the tax preparation process is completed beforehand.

Tax 40
article thumbnail

How Do Balance Transfers Work? An Ultimate Guide

Fit Small Business

Editorial and Partnership Disclosure A balance transfer allows you to move your existing debt from one credit card to another, often with a lower interest rate or even a 0% Annual Percentage Rate (APR) promotional offer. So, how do balance transfers work? Once you request a transfer, your new credit card provider pays off the. The post How Do Balance Transfers Work?

52
article thumbnail

How to Choose the Best Payroll Services for Your Small Business

Outsourced Bookeeping

There are several challenging aspects of running a small business, but managing payroll is high on the list. Between keeping up with tax regulations, ensuring accurate paychecks, and handling employee benefits, payroll can become overwhelming. Thankfully, several payroll services are available to help small business owners simplify the process, but the big question is: How do you choose the right one to meet your needs?

Payroll 52
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

article thumbnail

Best Automotive Repair Tech Compensation Strategies: Hourly, Flat Rate, or Salary?

CSI Accounting & Payroll

When you have questions about how to pay your auto technicians, does it ever come to mind to ask your accountant ? Unless you work with a year-round service like monthly accounting , were guessing the answer is no.

article thumbnail

The Accountant's Roadmap To Surviving Tax Season

Insightful Accountant

As a CPA and Certified Coach, Chris Panek knows firsthand how overwhelming tax season can be. The long hours, endless client demands, and pressure to meet deadlines can make it feel like theres no time for anything else.

Tax 52
article thumbnail

Popular Google searches about tax

Accounting Fun

Listed below are some of the suggestions from Google based on popular searches Why is tax. so high in the uk? year April to April? important? law so complicated? reform needed? deducted at source? theft? avoidance legal? avoidance unethical? going digital? What is tax. deductible? planning? residency? relief? on savings? on capital gains? on gifts? for self employed?

Tax 40
article thumbnail

7 Best Tips for Small Business Management

Black Ink Tax & Accounting

Table of Contents Top 10 best small business advisory strategies for small and medium-sized enterprises Both small and medium-sized enterprises […] The post 7 Best Tips for Small Business Management appeared first on bitaccounting.

40
article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

article thumbnail

Bessent says Musk's DOGE isn't altering Treasury systems

Accounting Today

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting at least until after the April 15 filing deadline.

Tax 240
article thumbnail

10 Best Facts Why We Hire a Tax Preparer

Black Ink Tax & Accounting

Table of Contents Top 10 best small business advisory strategies for small and medium-sized enterprises Both small and medium-sized enterprises […] The post 10 Best Facts Why We Hire a Tax Preparer appeared first on bitaccounting.

Tax 40
article thumbnail

Bessent projects normalcy while 'completely aligned' with Musk

Accounting Today

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

Tax 130
article thumbnail

Trump tax cuts' cost estimated at $5 trillion to $11 trillion

Accounting Today

The Committee for a Responsible Federal Budget estimated much of the cost would come from extending the 2017 tax cuts for individuals and small business owners.

Tax 145
article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

article thumbnail

Trump takes aim at private equity's favorite tax loophole again

Accounting Today

Trump told GOP lawmakers he wants to end the carried interest exemption used by private equity fund managers and venture capitalists around the country.

Tax 187
article thumbnail

Trump's threatened tariffs fall far short of paying for tax cuts

Accounting Today

Combined tariffs against Canada, Mexico and China would raise less than a third of the estimated $4.6 trillion cost of extending Trump's tax cuts over the next 10 years.

Tax 179
article thumbnail

Trump will seek to end carried interest, expand SALT in tax bill

Accounting Today

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including expanding the state and local tax deduction.

Tax 246