Thu.Sep 19, 2024

article thumbnail

Taxpayer Advocate acknowledges shortcomings

Accounting Today

National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.

Tax 325
article thumbnail

Streamline Your Monthly Close Process with These Effective Strategies

Accounting Department

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

professionals

Sign Up for our Newsletter

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

article thumbnail

IRS issues warning about Offer in Compromise 'mills'

Accounting Today

The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.

Tax 265
article thumbnail

Boosting the economy and kickstarting financial confidence for small businesses and accountants in the UK

Intuit

The economy of the UK depends on the financial health and well-being of the more than 5.5 million small and medium-sized businesses (SMBs) around the country. But SMBs aren’t always given a seat at the policymaking table. Small businesses and accountants drive economic growth in the UK and need champions to help them power prosperity. That’s why Intuit asked small business owners and accountants about their wishes from policymakers regarding challenges they face, resources they need, and how pol

article thumbnail

If It Ain't Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

article thumbnail

Tax enforcement chiefs investigate risks in crypto casinos and trading desks

Accounting Today

Officials from the IRS's Criminal Investigation division are meeting with leaders from Australia, Canada, the Netherlands and the U.K. this week for a Cyber Challenge.

Tax 270
article thumbnail

AI’s Impact on Tax Research and More w/ Piritta Van Rijn

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes Piritta Van Rijn , the Global Head of Product and SVP for the accounting tax and practice division at Thomson Reuters. They delve into the exciting potential of AI and generative AI for firm owners, discussing how these technologies can free up time and enhance the expertise of existing talent.

Tax 59

More Trending

article thumbnail

Elevate Your SME with the Enterprise Financing Scheme (EFS) in Singapore

Counto

Elevate Your SME with the Enterprise Financing Scheme (EFS) in Singapore As a small business owner in Singapore, obtaining the right financial support can significantly impact your company’s growth journey. The Enterprise Financing Scheme (EFS) offers a robust framework for businesses seeking financial assistance. This blog explores how the EFS can transform your SME, detailing its key features and providing actionable insights to maximise the benefits of this scheme.

article thumbnail

Tax tipsters getting $74M shows IRS progress, lawyers say

Accounting Today

Three people shared the award after disclosing an offshore tax-evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual.

Tax 161
article thumbnail

Top Remote Accounting Candidates for Hire | September 19, 2024

accountingfly

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

CPA 52
article thumbnail

Medicare basics for accountants: Key considerations for advising clients

Accounting Today

Navigating Medicare can be a complex task for retirees, and accountants play a crucial role in guiding their clients through this essential aspect of retirement planning.

article thumbnail

Business Travel Expense Strategies for Everybody

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

article thumbnail

Top 10 Azure Cost Optimization Tools for 2024

Economize

Introduction Businesses turn to cloud infrastructure for its performance, scalability, and efficiency, aiming to lower their IT costs. Yet, managing cloud spend has become the primary concern for many organizations. The three leading cloud vendors—AWS, Azure, and Google Cloud—collectively grew by 24%, with Microsoft Azure expanding by 29% in 2024.

article thumbnail

IRS urged to take action on new information reporting requirements

Accounting Today

The Internal Revenue Service needs to do more to get ready for new reporting requirements on the Form 1099-K and 1099-DA, according to a new report.

Tax 169
article thumbnail

5 reasons automation is worth the investment

Plooto

Regardless of your hesitations, investing in technology can save you and your team a lot of unnecessary headaches. If you’re on the fence, read these five key reasons why payment automation is worth the investment.

52
article thumbnail

Proposed regs issued on Alternative Refueling Property Credit

Accounting Today

The Internal Revenue Service has proposed guidance on the credit, which was modified by the Inflation Reduction Act.

Tax 169
article thumbnail

4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

article thumbnail

Effective Government Financing Schemes for SMEs in Singapore

Counto

Effective Government Financing Schemes for SMEs in Singapore For small and medium-sized enterprises (SMEs) in Singapore, accessing the right financial support is crucial for growth and stability. Government financing schemes play a key role in helping businesses navigate financial challenges and seize opportunities. Here’s an overview of the most effective government financing schemes available for SMEs in Singapore: 1.

article thumbnail

Venture capital drought leads to cap table chaos

Accounting Today

Startups will need to clean up their recordkeeping if they want to have any hope of raising new venture capital.

article thumbnail

Expanding Globally: How Singapore’s MRA Grant Can Fuel Your SME’s Growth

Counto

Expanding Globally: How Singapore’s MRA Grant Can Fuel Your SME’s Growth For Singaporean SMEs, expanding into international markets can significantly enhance growth prospects. The Market Readiness Assistance (MRA) Grant is a valuable resource designed to support businesses in their efforts to tap into new global markets. This guide provides a comprehensive understanding of the MRA Grant, including eligibility, covered activities, and the application process. 1.

article thumbnail

How Kenyth Got His CPA Credits in 3 months and 36 Days

Cloud Accounting Podcast

Blake and David meet with Kenyth Holdefer, who shares his unconventional path to becoming a CPA. Kenyth details how he obtained his bachelor's and master's degrees in just over four months through Western Governors University's competency-based education model, followed by passing all four CPA exams within six months. Kenyth highlights his transition from a successful career in mortgages to public accounting, emphasizing the potential for alternative educational paths in addressing the accountin

CPA 49
article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

article thumbnail

How Purchase Orders Can Simplify Procurement for Small Businesses in Singapore

Counto

How Purchase Orders Can Simplify Procurement for Small Businesses in Singapore As a small business owner in Singapore, managing procurement efficiently can significantly impact your operational success. Streamlining your procurement processes through effective use of purchase orders (POs) can enhance your business’s cash flow management, strengthen supplier relationships, and simplify overall operations.

article thumbnail

Top ProAdvisor Profiles: Kathy Grosskurth

Insightful Accountant

Kathy Grosskurth is our featured 2024 Top ProAdvisor this week. Kathy has her own Bookkeeping practice in Ormond Beach, Florida.

article thumbnail

How SMEs in Singapore Address the High Cost of Financing

Counto

How SMEs in Singapore Address the High Cost of Financing Navigating the high cost of financing is a major challenge for SMEs in Singapore. Business owners often face steep interest rates, strict collateral requirements, and limited funding options, which can hinder growth. This blog delves into how SMEs are addressing these challenges and tackling high financing costs through government schemes, alternative methods, and effective strategies.

article thumbnail

10 Best Bank Statement Extraction Software in 2024

Nanonets

Need to reconcile bank statements but tired of doing it manually? Looking for a bank statement extraction software? Look no further because we have you covered. We have researched and listed the 10 best bank statement extraction software in the market for 2024. Not just that, you will find the pros, cons and the pricing details for each, detailed in the article below.

article thumbnail

How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

article thumbnail

Trump pledges to restore SALT write-off at Long Island rally

Accounting Today

The former president pledged to lift a cap on the state and local tax deduction valuable to many New York homeowners that he imposed as president.

Tax 161