Tech news: KPMG announces new partnerships
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.
Fri.Aug 02, 2024
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Amazon ElastiCache Pricing: A Comprehensive Overview
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.
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Fifth Circuit rules cell phone tax unconstitutional
Accounting Today
AUGUST 2, 2024
The Supreme Court is likely to take up the case, which hinges on what, exactly, constitutes a tax.
New Course: How Taxes Shape Our Economy and Lives
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
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
SEC charges unicorn founder with $170M fraud
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.
The opportunity for tax pros in the IRS enforcement surge
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
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More Trending
TaxDome vs. Financial Cents: Which Is Better for Your Firm?
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.
CLA adds Axiom CPAs
Accounting Today
AUGUST 2, 2024
The Albuquerque-based firm joined CliftonLarsonAllen, effective Aug. 1.
Peeling Back the Curtain on the Vendor/Firm Relationship
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.
On the move: Herbein adds VP & consulting lead
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.
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
If Pointless asked 100 Tax Inspectors.
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.
Pathways to Growth: Inquiring minds want to know
Accounting Today
AUGUST 2, 2024
Three common questions firm leaders ask about building growth strategies that are sustainable, efficient and profitable.
Cancelled check definition
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.
He Said, She Said: Is a succession plan really beneficial?
Accounting Today
AUGUST 2, 2024
With firms changing so rapidly, does it still make sense to lock in a long-term plan?
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Retail ERP Software
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.
Analytical review definition
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.
Are payroll withholding taxes an expense or a liability?
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.
Audit working papers definition
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.
Back to Basics with Reconciliations
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Average operating assets definition
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.
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