Fri.Apr 19, 2024

article thumbnail

IRS unveils draft Form 1099-DA for crypto reporting

Accounting Today

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

Tax 338
article thumbnail

Unlocking Summer Success: Inside A Typical Summer at ADC | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 17 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

professionals

Sign Up for our Newsletter

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

article thumbnail

PCAOB finds auditor evaluation deficiencies

Accounting Today

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

Auditing 334
article thumbnail

How the Procurement Function Can Save Your Company Money

Tipalti

Procurement has emerged as a critical function that can help organizations save costs in an ever-changing business landscape.

article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

IRS targets 'ghost employers'

Accounting Today

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

Tax 255
article thumbnail

Importance of Cybersecurity Awareness Training for Employees in Tax Season [2024]

Ace Cloud Hosting

Tax season 2024 is ongoing, and the tax firms are busy handling their clients’ taxes. However, cybersecurity is one aspect most tax firms ignore during the tax season. Like tax.

Tax 105

More Trending

article thumbnail

7 Features To Look for in A Legal Billing Software

Invoicera

Introduction As a lawyer or legal consultant, your entire day is spent on constantly brainstorming about your client’s legal issues, solutions and potential risks involved in their daily business activities. But how often do you think about potential business risks in your business activities? The money that you’re losing right now? How much time do you get to think about that?

Billing 52
article thumbnail

New CPA exam section on financial planning links tax and wealth

Accounting Today

After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.

CPA 236
article thumbnail

Managing Invoices on Xero

Nanonets

Sometimes, basic business processes can be way more time-consuming than business leaders realize. Invoicing, for instance, is something that every single accounting team has to learn how to manage. At its core, invoicing seems simple: a vendor provides goods or services, details the items provided, and sends a bill to the customer (AKA an invoice). The customer then invoice receives the invoice, verifies its accuracy, and submits payment to the vendor.

XERO 52
article thumbnail

Clients who claim a questionable ERC could mean trouble

Accounting Today

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

Tax 235
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

Buying an Accounting Practice: The Complete Guide

Future Firm

Are you considering acquiring an accounting firm? Learn all you need to know about buying an accounting practice by checking out this post. The post Buying an Accounting Practice: The Complete Guide appeared first on Future Firm.

article thumbnail

Tech news: Certinia stresses automation and analysis in latest release

Accounting Today

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

article thumbnail

A Guide to NetSuite Integrations - SuiteApps in 2024

Nanonets

NetSuite is one of the popular ERPs, which divisions across businesses and industries can use to operate smoothly and efficiently.  NetSuite's key strengths lie in its integration capabilities and modules that extend its functionality. NetSuite connects with third-party applications and has broad functionality to cover most general use cases.

article thumbnail

Hong Kong regulator to probe PwC auditing role over Evergrande

Accounting Today

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

Auditing 204
article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Mastering Petty Cash Reconciliation: Best Practices and Automation

Nanonets

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. These expenses typically include small purchases like office supplies, travel expenses, or miscellaneous items that are too insignificant to warrant writing a check or initiating an electronic payment.

article thumbnail

On the move: Aprio adds five partners

Accounting Today

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

200
200
article thumbnail

A Guide to QuickBooks Integrations

Nanonets

QuickBooks is one of today's most popular generalized accounting and bookkeeping platforms that appeals to a wide range of business types, sectors, and sizes. Still, as with any off-the-shelf product, some find it lacking specific features or prefer to nest it into a broader business management ecosystem. For those wanting to do more with QuickBooks, hundreds of third-party integrations step in to offer additional features and benefits beyond QuickBooks' native offerings.

article thumbnail

The highs and lows of remote partners

Accounting Today

Remote partners bring many advantages, but firms do need a little more thought when it comes to managing them.

160
160
article thumbnail

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

article thumbnail

Are some tax advisers paying more than they need to?

Accounting Fun

Some years ago on my first visit to Penrith, Cumbria, to present a talk to the local CIOT branch, I took a cab to the venue. The driver asked me what I was doing in Penrith and I explained: “I’m here to give a lecture to a group of tax advisers”. For a moment I was thrown as he seemed very miffed. It then became clear from his reply that he had misheard me: “It would be nice to have been invited.

Tax 45
article thumbnail

Are remote partners the future?

Accounting Today

While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.

article thumbnail

Remote Accountants Get Paid Less

Cloud Accounting Podcast

Blake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabil

article thumbnail

Biden unveils winners of $2B in green tax credits

Accounting Today

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion.

Tax 200
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.