Tue.Apr 16, 2024

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Who's responsible for payroll taxes?

Accounting Today

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

Payroll 321
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Why Peppol power depends on AP integration

Cevinio

Discover the transformative power of Peppol in e-invoicing and explore the importance of integrating your finance operations […]

AP 130
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The Bidens release their taxes

Accounting Today

President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.

Tax 312
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Workforce Wednesday: QBO Expense Claims - Part 1

Insightful Accountant

Murph takes you through the steps to set up QuickBooks Online Expense Claims. Next time he will look at the process for submitting them.

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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.

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73% of accountants not using AI, 35% have no plans to

Accounting Today

A recent poll from Rightworks has found that 73% of accountants are not using AI and 35% have no plans to do so in the future.

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Cook the books definition

Accounting Tools

What is Cook the Books? To cook the books involves using accounting trickery to enhance an organization’s financial results. This can involve either artificially inflating sales or reducing expenses. Alternatively, one might engage in business practices to enhance financial results that are technically legal, but which will have a negative impact on the business over the long term.

More Trending

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The Role of Bookkeeping in Making Informed Business Decisions for Small Businesses

Less Accounting

Bookkeeping, often perceived merely as the basic recording of financial transactions, is in reality the bedrock upon which small businesses can construct a detailed and insightful view of their financial health. By meticulously maintaining records, small business owners gain access to invaluable insights that are crucial for informed decision-making and strategic planning.

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Engage the AR function as a strategic partner for growth

Accounting Today

The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.

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Small Business Tax Advice vs. Tax Planning Strategies

CSI Accounting & Payroll

When small business owners think about taxes, they mostly have one thing in mind: to owe the smallest amount legally possible. To do this, they seek out professional tax advice, planning, and strategies – but what are the differences between these three things, and do they all offer the same value? At CSI Accounting & Payroll, we’ve worked with small business taxes for over 50 years.

Tax 52
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Tax refunds decline 3.3% this year in run-up to deadline

Accounting Today

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

Tax 244
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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.

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Cash Apps Automation: Streamlining Cash Management for Better Financial Tracking

oAppsNet

Managing cash flow is a critical aspect of personal and business finance. With the rise of digital payment solutions, cash apps have become increasingly popular for handling day-to-day transactions. However, manually tracking and managing cash inflows and outflows can be a time-consuming process. Cash app automation solves this challenge, enabling users to streamline their cash management processes and gain better insights into their financial health.

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IRS extends RMD relief to 2024

Accounting Today

The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.

Tax 240
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Candidate Engagement: Transform Your Recruitment Strategy

Counto

Candidate Engagement: Transform Your Recruitment Strategy At Counto, we recognise the pivotal role of candidate engagement in the recruitment process. Engaging candidates effectively not only enhances your employee hiring success but also boosts your brand reputation. This guide offers practical strategies for small business owners and entrepreneurs to optimise their recruitment process, ensuring a smooth and engaging experience for potential hires.

Payroll 52
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New FAQ clarifies tax treatment of work-life referral services

Accounting Today

A set of frequently asked questions from the IRS says the benefit can be excluded from income.

Tax 240
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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.

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Choosing The Top Recurring Billing Software: A Comprehensive Guide 2024

Invoicera

Introduction “Beyond transactions, subscriptions build relationships with every renewal, shaping sustained success.” Subscription-based businesses might face issues while maintaining continuous revenue due to multiple subscriptions. If you are also struggling to manage your financial flow perfectly, this blog post is for you as it will take you through every aspect of recurring billing.

Billing 52
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PwC denies anonymous allegations on Evergrande work

Accounting Today

PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.

Auditing 204
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AWS API Gateway Pricing and 5 Strategies for Cost Reduction

Economize

Using AWS API Gateway for effortless cloud integration The AWS API Gateway serves as a pivotal component in cloud infrastructure, providing a managed solution to create, publish, maintain, monitor, and secure APIs at any scale. This gateway facilitates seamless interactions between applications and AWS services, ensuring efficient data transfers and streamlined operations.

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IRS chief defends budget as tax season concludes

Accounting Today

Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.

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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.

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Exchange of nonmonetary assets definition

Accounting Tools

What is an Exchange of Nonmonetary Assets? An exchange of nonmonetary assets occurs when two entities swap nonfinancial assets. The accounting for a nonmonetary transaction is based on the fair values of the assets transferred. This results in the following set of alternatives for determining the recorded cost of a nonmonetary asset acquired in an exchange, in declining order of preference: At the fair value of the asset transferred in exchange for it.

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Marcum releases AskMarcum.ai tool

Accounting Today

Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.

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Pocket price definition

Accounting Tools

What is a Pocket Price? The pocket price is the list price minus discounts , rebates, promotions, free freight, and similar offers. The contribution margin of a sale transaction can be determined by subtracting the cost of goods sold from the pocket price. For example, a business sells a product that has a list price of $100. There are associated discounts and rebates totaling $20, so the pocket price is $80.

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AI and the move to holistic client services

Accounting Today

Embracing artificial intelligence can help firms transition from traditional to holistic client services based around advisory offerings.

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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.

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How You Can Implement AI for Bookkeeping in 2024

Dext

Is getting to grips with AI on your to-do list this year? With AI trends in accounting among the hottest topics in the industry, you might be planning to investigate how the technology can save time or improve efficiency.

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Temenos probe rejects accounting allegations

Accounting Today

Short-seller Hindenburg had alleged 'major irregularities' and 'manipulated earnings' at the Swiss fintech.

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In the blogs: Getting things done

Accounting Today

Clock ticks on 2020 returns; remembrances; what's ahead for marketing tech; and other highlights from our favorite tax bloggers.

Tax 145