Accounting Today

AUGUST 2, 2024

The Supreme Court is likely to take up the case, which hinges on what, exactly, constitutes a tax.

Tax 317

Tax 317

Economize

AUGUST 2, 2024

The Importance of Caching in Modern Applications Caching is a fundamental technique in modern computing that enhances the speed and performance of applications by temporarily storing frequently accessed data in a high-speed data storage layer. This allows applications to retrieve data faster than fetching it from a slower, traditional database or external source.

Computation 59

Computation 59

Accounting Today

AUGUST 2, 2024

KPMG announces new partnerships; CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.

AR 305

AR Auditing Accounting Accounting 305

Blake Oliver

AUGUST 2, 2024

My latest Earmark course, " How Taxes Shape Our Economy and Lives ," features a podcast interview with Scott Hodge, President Emeritus of the Tax Foundation and author of "Taxocracy." In this course, we explore: The impact of tax policies on housing, healthcare, and education costs Historical tax policies and their relevance to current debates The economic effects of tariffs on consumer goods Unexpected tax policy outcomes Potential improvements to the tax code As accounting and tax professional

Tax 52

Tax Accounting Accounting 52

Advertisement

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.

Accounting Today

AUGUST 2, 2024

Three common questions firm leaders ask about building growth strategies that are sustainable, efficient and profitable.

234

234

Blake Oliver

AUGUST 2, 2024

The IRS tidal wave is here. After years of going easy, they're back to enforcing tax laws with a vengeance. Millions of taxpayers are in their crosshairs, from average folks to wealthy jet-setters. But here's the thing: their offensive is your opportunity. Three key facts you need to know: The IRS is targeting a massive range of taxpayers and businesses They've got billions in new funding to sustain this surge long-term You can ride this wave by offering subscription-based tax resolution service

Tax 52

Tax Accounting Accounting 52

Jetpack Workflow

AUGUST 2, 2024

When accounting firms look to implement practice management software into their operations, they often consider two well-known options: Financial Cents and TaxDome. While there is some overlap between these software solutions, each has notable distinctions that can make one better suited than the other for certain use cases. In this article, we compare Financial Cents and TaxDome based on the features that growing firms care about most.

Billing 52

Billing Invoicing QuickBooks Bookkeeping 52

Accounting Today

AUGUST 2, 2024

Abraham Shafi, former CEO of social media platform IRL, was charged with defrauding investors of $170 million by the Securities and Exchange Commission.

Accounting 189

Accounting Accounting 189

Insightful Accountant

AUGUST 2, 2024

Summer is an excellent time to consider changes you would like to see in your practice. As technology advancements continue, it is increasingly helpful for firms to work closely with vendors to reach solutions that can help clients and employees.

52

52

Accounting Today

AUGUST 2, 2024

SD Mayer's 5 Buckets Foundation brings together staff, clients and more to improve financial literacy.

182

182

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.

Collections

Accounting Fun

AUGUST 2, 2024

Pointless is a popular British TV quiz show where contestants try to find the most obscure correct answers to general knowledge questions. The aim is to score the fewest points, with the best answers being those that no one else has thought of. Normally the questions are tested on a random group of 100 people. But imagine if the questions were tested on HMRC staff.

Tax 45

Tax 45

Accounting Today

AUGUST 2, 2024

The Bonadio Group hosts its seventh annual Purpose Day of volunteering; PwC airs ad during Olympic games; and more news from across the profession.

145

145

Accounting Tools

AUGUST 2, 2024

What is a Cancelled Check? A cancelled check is a check payment for which the stated amount of cash has been removed from the payer's checking account. Once the cash draw down is completed, the bank stamps the check as cancelled. Once a check is cancelled it can no longer be used as an authorization to remove additional funds from the account of the payer.

Bank Reconciliation 40

Bank Reconciliation Deposits Auditing Accounting 40

Accounting Today

AUGUST 2, 2024

With firms changing so rapidly, does it still make sense to lock in a long-term plan?

140

140

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.

Accounts Payable

Tipalti

AUGUST 2, 2024

Retail ERP lets employees check status at any time, including inventory levels, and provides ERP features for forecasting sales demand. Inventory status in real-time makes it easier for retailers to keep inventory in stock and avoid missed sales.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Accounting Tools

AUGUST 2, 2024

What is an Analytical Review? An analytical review is used by auditors to assess the reasonableness of account balances. A CPA does this by comparing changes in account balances over time, as well as by comparing related accounts. Here are several examples of analytical reviews: If sales increase by 20% during the review period, then accounts receivable should increase by a similar amount.

Auditing 40

Auditing Financial Statements CPA Accounts Receivable 40

Accounting Tools

AUGUST 2, 2024

An employer is required to withhold certain payroll taxes from employee pay, which it then remits to the government. Since the employer is acting as an agent of the government, these taxes are a liability of the employer. There are several taxes that a company is required to withhold from employee pay, which include federal income taxes, state income taxes, the employee portion of the Medicare tax, and the employee portion of the social security tax.

Payroll 40

Payroll Tax Financial Statements Collections 40

Accounting Tools

AUGUST 2, 2024

What are Audit Working Papers? Audit working papers are used to document the information gathered during an audit. They provide evidence that sufficient information was obtained by an auditor to support his or her opinion regarding the underlying financial statements. Working papers also provide evidence that an audit was properly planned and supervised.

Auditing 40

Auditing Financial Statements Computation Budgeting 40

Advertisement

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.

Accounting

Accounting Tools

AUGUST 2, 2024

What are Average Operating Assets? Average operating assets refers to the normal amount of those assets needed to conduct the ongoing operations of a business. This figure can be included in the operating assets ratio , which compares the proportion of these assets to the total amount of assets that a business owns. A high ratio indicates that company management is making good use of its assets.

Customer Service 40

Customer Service Financial Statements Accounts Receivable Accounts Receivable 40