Wed.Aug 07, 2024

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Which states have publication requirements for business entities?

Accounting Today

It's critical that business owners comply with their state's rules, or they could face fines and other penalties.

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Introducing our 2024 Xerocon Nashville event partners

Xero

We’re officially on the countdown for Xerocon Nashville at Music City Center over August 14 and 15. And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. No matter what business needs or challenges you’re looking to solve, you’ll have over 50 exhibitors to meet and talk to, and many apps from the Xero App Store to try out for yourself.

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Tax Strategy: Employee Retention Credit update

Accounting Today

The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.

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8 best practices for modernizing your AP invoice process today

Cevinio

Explore the best practices for modernizing your AP invoice process.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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Final IRS rules to IRA beneficiaries: Get going on those RMDs already

Accounting Today

Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.

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Navigating Current and Future IRS Changes

Insightful Accountant

Current IRS focus areas include renewable energy tax credits, corporate stock repurchase taxes, and cryptocurrency transactions. But, with the upcoming election, accountants and tax professionals are anticipating more widespread regulatory changes.

Tax 94

More Trending

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Burden rate definition

Accounting Tools

What is Burden Rate? The burden rate is the allocation rate at which indirect costs are applied to the direct costs of either labor or inventory. You should add burden to the direct cost of either labor or inventory in order to present the total absorbed cost of these items. The two situations in which the burden rate is used are noted below. Burden Rate for Labor Payroll taxes and benefits are added to an employee's wages to arrive at the total cost of labor for that individual.

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CohnReznick partners with Tipalti

Accounting Today

Through Tipalti's plaform, Top 100 Firm CohnReznick will helps its clients improve efficiency of global payables processes.

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QuickBooks 2024 Update - Inventory Turnover Report

Insightful Accountant

One of the mid-year enhancements to QB Enterprise is the Inventory Turnover Report, which we told you in our 2024 QuickBooks Summary, was planned for late release.

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Evergrande liquidators start legal action against PwC

Accounting Today

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

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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.

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International Business News: Vertex Acquires ecosio

Insightful Accountant

With over 80 countries implementing e-invoicing mandates, Vertex, a provider of tax technology solutions, has announced the acquisition of ecosio, a B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing.

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Tax bill failure in Senate could decimate small-biz R&D

Accounting Today

While large companies can afford not to currently expense research and development costs, but many small companies can't, say experts.

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7 Big Misconceptions Firms Have About Overseas Offshoring

Future Firm

I’ve built remote teams for over a decade. If you want to hire offshore team members, make sure you avoid these 7 big misconceptions. The post 7 Big Misconceptions Firms Have About Overseas Offshoring appeared first on Future Firm.

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In the blogs: All CAPS

Accounting Today

AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.

Tax 145
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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!

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IRS News: Multi-factor Authentication: Key Protection to Tax Professionals’ Security Arsenal Now Required

Insightful Accountant

Reminder: using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement.

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IRIS and AccountsIQ partner on cloud solutions

Accounting Today

IRIS and AccountsIQ announced a new partnership to provide an integrated suite of cloud-based payroll and HR solutions.

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Stop Doing Non-Revenue Producing Work

Insightful Accountant

We are all guilty of getting caught up on the fray of day to day business and busy work that does not help us grow our business. There is a solution!

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Datadog Pricing Explained: A 2024 Guide

finout

This blog explores a detailed overview of RDS pricing, describing the different pricing models, the influencing factors, and the need for optimizing RDS costs.

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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

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AccountsIQ and IRIS Software form Strategic Partnership

Insightful Accountant

AccountsIQ and IRIS Software Group have just announced the formation of a strategic partnership aimed at expanding AccountsIQ across the IRIS accountancy products.

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Nonmonetary asset definition

Accounting Tools

What is a Nonmonetary Asset? A nonmonetary asset is an asset whose value can change over time in response to economic conditions. Examples of nonmonetary assets are buildings, equipment, inventory, and patents. The amount that can be obtained for these assets can vary, since there is no fixed rate at which they convert into cash. Presentation of Nonmonetary Assets Nonmonetary assets are not usually considered to be readily convertible into cash, or to be short-term assets.

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House Republicans want to keep clean-energy tax credits

Accounting Today

A letter from 18 Republican representatives told Speaker Mike Johnson not to repeal the

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Managerial accounting formulas

Accounting Tools

What are Managerial Accounting Formulas? The managerial accountant reports on the operational results of a business. In this role, one must use a number of accounting formulas to discern performance levels. In the following paragraphs, we note several of the most useful managerial accounting formulas. Gross Margin Ratio The gross margin ratio is sales minus the cost of goods sold, divided by sales.

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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.