Tue.Nov 14, 2023

article thumbnail

The perils and pitfalls of transfer pricing

Accounting Today

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

Tax 334
article thumbnail

Optimizing Spending for Improved Profitability

Accounting Department

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

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 promises improvements with extra funding

Accounting Today

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

Tax 330
article thumbnail

Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth

Insightful Accountant

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

article thumbnail

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.

article thumbnail

Average audit fees are rising as auditors turn more to technology

Accounting Today

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

Auditing 323
article thumbnail

Bring the Temperature Down on Year-end Payroll Reporting

Insightful Accountant

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

Payroll 105

More Trending

article thumbnail

How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

article thumbnail

AI will create more efficiency and trust around tax

Accounting Today

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

Tax 204
article thumbnail

How Much Does QuickBooks Cloud Hosting Cost?

Ace Cloud Hosting

Understanding QuickBooks cloud hosting pricing is as complex as a game of Monopoly – it can seem confusing and intricate with no clear path to success. However, it doesn’t have.

article thumbnail

Aprio merges in Rubens Partners

Accounting Today

The Top 50 Firm is expanding its presence in the Bay Area, effective Dec. 1.

195
195
article thumbnail

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.

article thumbnail

How to Choose the Right Pipeline Management Tools for Tech-Savvy Sales Managers

Nanonets

Introduction Hey Sam! Ever felt like you're juggling too many balls in the air, trying to keep that sales pipeline flowing without a spill? In the ever-evolving world of sales, where targets loom large and time is of the essence, it's crucial to have the right quiver of tools at your disposal. But here’s the deal—finding the best sales pipeline management tools isn't just about staying ahead; it's about revolutionizing your approach.

Billing 52
article thumbnail

In the blogs: Another one in the books 

Accounting Today

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.

Tax 150
article thumbnail

What is Electronic Invoicing (E-Invoicing)?

Nanonets

Introduction Every day, businesses around the world, generate and share millions of invoices for the buying and selling of goods or services. Invoicing is the cornerstone of how businesses across the globe operate. Yet, this key process has traditionally been carried out manually through time and labor-intensive processes which can be heavily error-prone.

article thumbnail

Preventing Tax Season Burnout: 7 Strategies for Accountants

Insightful Accountant

Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms. In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond.

Tax 52
article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

article thumbnail

Types of ERP Systems: Choosing the Right Solution for Your Business

Nanonets

Enterprise Resource Planning or ERP are software solutions that are a centralized hub for managing an array of essential business functions. These encompass everything from accounting and procurement to project management, risk management, compliance, human resources management and supply chain operations.  ERP systems connect and synchronize the different business processes, enabling consolidation of transactional data from diverse sources.

article thumbnail

2024 Planning Tips for Finance Teams: How to Unlock Growth in an Uncertain Economy

Plooto

From accountants to CFOs, small business finance teams are the unsung heroes of the global economy.

article thumbnail

What is Business Email Compromise (BEC)?

Nanonets

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. In business operations, BEC is often used to manipulate individuals within an organization for financial fraud or unauthorized access to sensitive information. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions.

article thumbnail

Announcing the winners of the 2023 Xero Beautiful Business Fund

Xero

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

XERO 275
article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

article thumbnail

International Accounts Payable: Strategies for Global Financial Management

Nanonets

In an increasingly interconnected global  economy, international accounts are a usual part of most business operations. Whether you are a startup catering to multiple markets or a well-established corporation with a global supplier network, understanding the intricacies of international invoice processing is essential for your financial operations to run efficiently.

article thumbnail

Trump insists on 'disclaimer' defense already tossed in NY fraud trial

Accounting Today

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

article thumbnail

A Complete Guide to Digital Transformation in Accounts Payable

Nanonets

Accounts Payable (AP) processes are an important function for every business, overseeing the outgoing payments to suppliers and vendors. Traditionally tackled through manual processes, digital transformation is now at the forefront of AP, with technologies like AI and ML revolutionizing how businesses manage their finances.  In an era where digital transformation is reshaping every aspect of business operations, the role of Accounts Payable (AP) is also undergoing a significant evolution.

article thumbnail

How to build an Effective Procurement Strategy

Nanonets

When your company’s procurement strategy is aligned with business goals, there may be a 4x higher return on investment. But a procurement strategy may have several potential objectives: the focus may be on innovation, or on cost reduction, or vendor relationships, geographical distance and location, or any combination of these and other factors.

article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

Exploring E-Procurement: A Comprehensive Guide

Nanonets

E-Procurement, also known as supplier exchange, is the use of digital tools and technologies to streamline and automate the requisition, ordering, and purchasing of goods and services in a business-to-business context. Although the origin of E-Procurement can be traced to the 1960s with the advent of Electronic Data Interchange (EDI) , it has evolved into a sophisticated process employing online catalogs, bids, purchase orders, and invoices in the 21 st century.

article thumbnail

What is document capture?

Nanonets

All organizations, irrespective of size, deal with a myriad of documents that contain vital information and data required for its functioning.  Daily inundated with data in varied forms, manual management of documents and data can easily overwhelm teams, leading to confusion and inefficiency. Automated and digitized document management can circumvent many of the difficulties of document management.

article thumbnail

A Complete Guide to Self-Billing in Business

Nanonets

Self-billing refers to the situation in which, a customer, not the supplier, takes charge of invoicing. Consider a small manufacturing business that supplies components to a larger assembly plant. Instead of the supplier crafting and sending invoices, the assembly plant prepares the invoices and sends them along with payments. This shift in responsibility simplifies the process and ensures a consistent cash flow for the supplier.

Billing 52