IRS adjusts HSA amounts for inflation in 2025
Accounting Today
MAY 9, 2024
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
Accounting Today
MAY 9, 2024
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
Intuit
MAY 9, 2024
This interview was originally published on POCIT. Petagae Butcher’s introduction to technology started with a love of Super Nintendo in the 90s. She later graduated from the University of Central Florida with a degree in Management Information Systems, initially majoring in Computer Programming, finding her niche bridging the technology and business worlds.
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Accounting Today
MAY 9, 2024
Overall, a better experience, but there were still some bumps on the road to April 18.
Accounting Department
MAY 9, 2024
The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.
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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
MAY 9, 2024
CliftonLarsonAllen, a Top 10 Firm, has acquired Engine B, a London-based company that helps accounting firms get more insights from their clients' data, effective May 1.
Insightful Accountant
MAY 9, 2024
While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Counto
MAY 9, 2024
Essential Steps When Changing Your Company’s Registered Address in Singapore When you change your company’s registered address in Singapore, it’s crucial to ensure all related legal and operational updates are handled meticulously to comply with local regulations and maintain smooth communications. 1. Update Your Company Secretary Records As a general rule, it is crucial to notify your company secretary of any changes to your company’s information and/or address.
Accounting Today
MAY 9, 2024
Sikich LLC, a Top 50 Firm based in Chicago, has snagged a $250 million minority investment from private equity firm Bain Capital to fund further acquisitions and growth, becoming the latest in a series of firms to score PE money.
Accounting Tools
MAY 9, 2024
What Does it Mean to Report Expenses by Function? When expenses are reported by function, they are being reported by the type of activity being conducted. Examples of income statement line items that are presented by function are administrative expenses , financing expenses, manufacturing expenses, marketing expenses, and selling expenses. Or, a nonprofit entity that reports expenses by function could do so by aggregating its expenses into the following general functions: Programs, fund raising,
Accounting Today
MAY 9, 2024
An interpreter for the Los Angeles Dodgers star has agreed to plead guilty to criminal charges including filing a false tax return after secretly transferring about $17 million from the player's account to pay off gambling debt.
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.
Accounting Tools
MAY 9, 2024
Acquisition integration is the process of combining the operations and systems of an acquired business with those of the acquirer. This is needed so that the acquirer can achieve benefits from its acquisition as soon as possible. There are a number of steps involved in acquisition integration, of which the following are the most essential. Step 1: Appoint an Integration Manager Assign the integration task to one of the acquirer's managers who has significant experience and seniority within the c
Accounting Today
MAY 9, 2024
The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.
Accounting Tools
MAY 9, 2024
What are the Elements of Financial Statements? The elements of financial statements are the general groupings of line items contained within the statements. These groupings will vary, depending on the structure of the business. Thus, the elements of the financial statements of a for-profit business vary somewhat from those incorporated into a nonprofit business (which has no equity accounts ).
Accounting Today
MAY 9, 2024
Bodies of evidence; the Ultimate crime; one expensive ghost; and other highlights of recent tax cases.
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.
Insightful Accountant
MAY 9, 2024
Tax pros post-tax season: vacation or dive into to-do list? Heavy workload can overwhelm, hindering productivity. Strategic techniques help navigate overwhelm efficiently and reduce stress.
Accounting Today
MAY 9, 2024
The first step in identifying invoice fraud and stopping it is knowing what you're looking for.
Jetpack Workflow
MAY 9, 2024
Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello welcomes back Geni Whitehouse, founder of The Impactful Advisor and Information Technology Alliance (ITA) president, who specializes in the wine industry. Geni, also known as the Countess of Communication and author of “ How to Make a Boring Subject Interesting: 52 Ways Even a Nerd Can Be Heard ,” discusses the latest trends in her membership base, the importance of niche a
Billing Platform
MAY 9, 2024
The finance industry is experiencing a paradigm shift driven by the rapid advancements in artificial intelligence (AI) and machine learning (ML). These technologies are not just buzzwords. At the forefront of this transformation is the implementation of AI in various financial processes , including billing. AI in finance is redefining how financial institutions operate, manage risks, and interact with customers.
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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.
accountingfly
MAY 9, 2024
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 accountants 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!
Insightful Accountant
MAY 9, 2024
A new 'Generative AI' report from Thomson Reuters shows 60% of corporate tax professionals now believe Gen AI should be applied to their work, up from 53% in 2023.
Counto
MAY 9, 2024
An Expert Guide to Setting Up a Retail Outlet in Singapore Singapore’s vibrant retail landscape presents a plethora of opportunities for entrepreneurs eager to establish a retail outlet. Whether you are launching a physical store or an online platform, understanding the regulatory, operational, and strategic aspects is crucial. This guide provides a detailed overview of the necessary steps and considerations for starting a retail business in Singapore.
Accounting Tools
MAY 9, 2024
Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset. This account is paired with the fixed assets line item on the balance sheet , so that the combined total of the two accounts reveals the remaining book value of the fixed assets. Over time, the amount of accumulated depreciation will increase as more depreciation is charged against the fixed assets, resulting in an even lower remaining book value.
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.
oAppsNet
MAY 9, 2024
Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies. By comprehensively exploring its facets, readers will understand how accounts receivable functions within a business context, empowering them with knowledge to enhance financial
Accounting Tools
MAY 9, 2024
What is Management’s Discussion and Analysis? Management's discussion and analysis is part of the disclosures section of the financial statements , in which prior period performance and projected results are discussed. This is one of the most closely reviewed parts of the financial statements, since a reader can interpret from it the opinions of management regarding the performance and future prospects of a business.
Cloud Accounting Podcast
MAY 9, 2024
The SEC charged Trump's audit firm with a massive fraud – 1,500 fake filings over 2.5 years! Plus, hundreds of small US banks are at risk due to commercial real estate loan exposure. We're also talking about the potential of AI tools like Claude and ChatGPT to automate various accounting and business tasks, the controversial Corporate Transparency Act's beneficial ownership reporting requirements, and the possibility of its repeal.
Accounting Tools
MAY 9, 2024
What is a Cost-Benefit Analysis? Cost-benefit analysis involves weighing the costs associated with a decision against the benefits arising from that decision. The analysis is used to decide whether to proceed with a course of action or not. Cost-benefit analysis can include both quantitative factors and qualitative factors. For example, the analysis of a decision to construct a facility in a particular city could include quantitative factors, such as the amount of tax breaks that can be obtained
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.
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