Wed.Aug 07, 2024

article thumbnail

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.

Tax 294
article thumbnail

8 best practices for modernizing your AP invoice process today

Cevinio

Explore the best practices for modernizing your AP invoice process.

professionals

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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
article thumbnail

The Financial Leader's Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

article thumbnail

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.

Tax 242
article thumbnail

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.

Payroll 76

More Trending

article thumbnail

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.

article thumbnail

CohnReznick partners with Tipalti

Accounting Today

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

article thumbnail

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.

article thumbnail

Recalling 'Recall' and other tech stories you may have missed

Accounting Today

Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.

183
183
article thumbnail

How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

article thumbnail

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.

article thumbnail

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.

Billing 188
article thumbnail

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.

article thumbnail

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.

Payroll 131
article thumbnail

2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

article thumbnail

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.

52
article thumbnail

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 131
article thumbnail

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.

Tax 52
article thumbnail

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.

article thumbnail

Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

article thumbnail

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!

52
article thumbnail

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.

article thumbnail

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.

XERO 166
article thumbnail

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

Tax 286
article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a