Fri.Jun 21, 2024

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IRS drafts revised Research Credit form

Accounting Today

The Internal Revenue Service released a revised draft version of Form 6765, the Credit for Increasing Research Activities, in response to feedback.

Tax 304
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The Best Workplace Mindset  | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this celebratory episode of Beyond the Books, host Andrea Boccard is joined by Amy Harold to discuss the prestigious Inc. Best Workplaces award.

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New guidance on emergency distributions from retirement plans

Accounting Today

Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.

Tax 299
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Lessons in leadership with Krithika Swaminathan

Intuit

Krithika Swaminathan ’s leadership journey began at a young age and in very unusual circumstances. In her early 20s, she was hired to lead a team of developers working on a special project for a monarchical head of state in Southeast Asia. The assignment was as challenging as it was rich in growth opportunities and leadership lessons. It launched an achievement-studded career for Krithika that included winning Intuit’s CEO Leadership Award and serving as Intuit’s VP, Global Data.

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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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On the move: Bowman & Co. bestows scholarships

Accounting Today

Plus, North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession.

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Fidesic AP Suite Introduces New Healthcare Invoice Data Capture for D365 Business Central

Fidesic blog

It’s now easier for Healthcare Accounting Professionals using D356 Business Central to install and get started with advanced Accounts Payable Automation.

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AccountsIQ Online Partnership Launch Event

Compleatable

As we launch our partnership with AccountsIQ, have the opportunity to learn about why their solution is perfect for businesses that are outgrowing their finance system. Short demo included! The post AccountsIQ Online Partnership Launch Event first appeared on Compleat Software.

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Tech news: Workiva launches Workiva Carbon for ESG

Accounting Today

Workiva launches Workiva Carbon for ESG; TaxDome launches AI reporting feature; Protiviti using new "ProtivitiGPT" to enhance internal ops; and other accounting tech news.

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15 Accounting Podcast That You Can Listen To At Home

Ace Cloud Hosting

In an era, where staying at home has become the norm, finding productive and engaging ways to spend your time is more important than ever. Podcasts have become popular as.

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US lawmakers visit ailing Binance executive jailed in Nigeria

Accounting Today

Nigeria's tax agency dropped accusations of tax fraud against Tigran Gambaryan, but a separate money-laundering case brought against the former IRS employee by the anti-graft agency resumed in the capital, Abuja.

Tax 189
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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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AWS’ debut to FinOps X: recap and product announcement highlights

AWS FinOps

Excitement filled the air, as James Greenfield, VP of AWS Commerce Platform, took the stage at 2024 FinOps X in San Diego. This is our first time attending the conference as a member of the FinOps Foundation. James, John Phillips, General Manager of AWS Cloud Financial Management engineering and product management, together with several product leaders and experts, were present at the conference to help customers mature FinOps practices and learn from the brightest minds in the industry.

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Open doors to new revenue from existing clients

Accounting Today

Cross-selling is the lifeblood of every professional services firm, but it's also the bane of law and accounting firm partners.

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Here’s How BPA Software Can Help Your Company Manage All Types of Expenses

NextProcess

Managing expenses is a key aspect of maintaining a company’s financial health. There are several different types of expenses. A few examples include capital expenses for major projects, day-to-day operational expenses, and employee travel expenses. These different types of expenses are traditionally handled by different departments and in different ways.

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Only 1.6% of orgs had no cyber vulnerabilities

Accounting Today

Over 500 internal penetration tests conducted from 2021-23, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had at around 8.

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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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Gifting Ownership: Passing Down a Business

CSI Accounting & Payroll

Your small business is your passion, but almost every business owner dreams of retiring one day. There are many ways to transfer business ownership, but have you considered gifting it?

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Seized digital assets don't count as money

Accounting Today

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

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Top Remote Accounting Candidates for Hire | June 21, 2024

accountingfly

Top Remote Accounting 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 candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

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U.S. partially suspends tax treaty with Russia

Accounting Today

The Treasury Department provided formal notification to Russian authorities that it's partially suspending a tax treaty as relations worsen over the war in Ukraine.

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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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AWS EBS Volume Types & 5 Tips for EBS Volume Management

Economize

Introduction to AWS EBS AWS Elastic Block Store (EBS) is a scalable, high-performance block storage solution, that seamlessly integrates with Amazon EC2 instances. It offers reliable and persistent storage, making it a crucial asset for a diverse range of applications.

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GRI CEO stepping down

Accounting Today

Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.

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Transform Your Business with Outsourced Accounts Payable Services

CapActix

Managing accounts payable is a critical aspect of maintaining a healthy cash flow and ensuring operational efficiency in any business, whether it is a small scale or a large enterprise. However, the complexity and time-consuming nature of this task often distracts businesses from their core functions. This is where the decision to outsource accounts payable services can make a significant difference.

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10 amusing compliments for accountants

Accounting Fun

"You make balancing my books look easier than balancing on a tightrope!" "You have the magic touch—turning tax forms into refunds!" "You're better than my favourite calculator!" "If accounting were an Olympic sport, you'd be a gold medalist!" "You're the maestro of money management!" "You turn my financial fears into fiscal fortunes!" "If my finances were a jigsaw puzzle, you'd be the one to put all the pieces together!

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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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Petty cash definition

Accounting Tools

What is Petty Cash? Petty cash is a small amount of cash that is used to make incidental cash purchases and reimbursements , such as for delivered meals. Petty cash can mitigate the effects of the more cumbersome accounts payable process, which involves the issuance of a check. The essential petty cash process is to authorize the payment of a certain amount of cash (such as $300 in bills and coins) into a petty cash fund, which is then controlled by a petty cash custodian, such as the office man

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Ted Cruz promotes bill to enact Trump's tax-free tips proposal

Accounting Today

The senator dismissed concerns from budget watchdogs that it could increase the deficit by $250 billion or even more over a decade.

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Unprofitable products analysis

Accounting Tools

Why We Review for Unprofitable Products It is quite common for only a small proportion of a company's products to generate most or all of its profits. Consequently, you should regularly review the remaining products to see which ones are unprofitable, and so should be terminated. Engaging in this analysis can yield the following benefits: Production complexity can be extreme when a large number of varied items are being manufactured.

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Down payment definition

Accounting Tools

What is a Down Payment? A down payment is a cash payment made at the beginning of a purchase transaction. It is usually required by the seller of goods or services that are expensive and/or customized for the needs of the buyer. If the sale falls through, then the seller can keep the deposit and recognize it as revenue. The amount of a down payment usually approximates the material cost of the product being sold, so that the seller will not lose if the sale does not happen.

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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.