Mon.Jun 24, 2024

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IRS lowered its sights on high-income taxpayer audits

Accounting Today

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.

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Let Remote Quality Bookkeeping Handle Your Bookkeeping Needs

Remote Quality Bookkeeping

As a business owner, you know that you have a ton of responsibilities. You have to make sure that all of your employees are doing what they need to do to make your company run smoothly, you have to make sure your customers are happy with everything. Who has time to do the bookkeeping? For most businesses, bookkeeping is a necessary evil that they would rather pay someone else to do.

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Accounting Today news quiz: June 24

Accounting Today

Test your accounting knowledge on state by state tax burdens, M&A, and more. No. 2 pencil not required!

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AWS Fargate Pricing Guide for Cloud Container Management

Economize

Introduction to AWS Fargate AWS Fargate is a revolutionary serverless compute engine for containers that simplifies the deployment, management, and scaling of containerized applications. By abstracting away the underlying infrastructure, Fargate allows developers to focus on building and running applications without worrying about server management.

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SaaS Evolution: The Critical Role of Embedded Finance

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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Lawmakers propose windfall profits tax on companies inflating prices

Accounting Today

Sen. Bernie Sanders and Ed Markey are introducing legislation to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for products.

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Essential Metrics for Increased Efficiency During Tax Season

Dext

Tax Season can feel like a nonstop whirlwind of paper and data entry, but it can be conquered by breaking it down into metrics. Tracking those is key to managing, and increasing, your tax season efficiency. To manage your efficiency, you need visibility over your bookkeeping activity.

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Outsourcing Payroll Services – Accuracy Is Paramount

Remote Quality Bookkeeping

We have talked about the need for you to be able to reach your remote bookkeeping service in times of need but we haven’t talked about the need for that company to be accurate. It may seem like an obvious thing but some companies don’t have the manpower to keep up with demand, or didn’t do the right hiring themselves to start. Always vet your bookkeeping service for accuracy, these are just some of the reasons why, and specifically to do with payroll.

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The critical role financial planners play when 401(k) savers switch jobs

Accounting Today

Many plan participants told the U.S. Government Accountability Office they didn't understand their four main options — or the potential tax consequences.

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Hiring A Bookkeeper

Remote Quality Bookkeeping

When you are a business owner, there are a lot of things to consider about your business. The type of business, color schemes, and even the type of people that you want working for you are big issues. Something like whether or not to hire in-house bookkeeping is a big decision that you shouldn’t make blindly. Here, you’ll find a list of qualifications to think about when hiring a bookkeeper that will keep you protected and correctly informed.

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Your client's retired. What now?

Accounting Today

Clients need to start planning for what happens after the day they stop working, says John Napolitano.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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Missed Something at Scaling New Heights? Catch Up at the App Academy on June 26!

Insightful Accountant

We understand how busy those few days can be, and it’s easy to miss out on seeing, hearing from, or visiting everyone you want to. That’s why we’re bringing the content to you. Join us on June 26 for the Scaling New Heights App Academy!

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Ex-Warburg banker's tax evasion trial ends over his poor health

Accounting Today

Christian Olearius has been found permanently unfit to stand trial, so the court dropped the case.

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NetSuite Launches New Healthcare Solution

Insightful Accountant

NetSuite's new 'SuiteSuccess Healthcare Edition' is designed to enhance efficient and improve patient care by streamlining business processes, expanding insights, and enhancing decision-making while supporting HIPAA privacy and security requirements.

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Understanding and Optimizing Google Cloud Storage Costs: A FinOps Perspective

finout

Discover how to manage Google Cloud Storage costs, the risks of neglect, top open-source tools, and why Finout is the best tool for FinOps.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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IRS Maintains ERC Moratorium Despite Pressure

Insightful Accountant

The IRS has announced it will continue its moratorium on processing new ERC claims, citing concerns over potential fraud and improper claims.

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A Guide to Credit Card Reconciliation

Nanonets

What is Credit Card Reconciliation? Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. It involves verifying the expenses recorded by the company's accounting system align with the statements provided by the credit card issuer. Credit cards have made it easier for businesses to process payments.

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You Might Be the Right ProAdvisor for the QuickBooks Partner Council

Insightful Accountant

Intuit has recently opened the application process for the 2024 QuickBooks Partner Council. You just might be the Right ProAdvisor for their council.

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Marketing Talks | Marketing Strategies For Lead Generation | Archives

Insightful Accountant

Watch this replay for Marketing Talks as Janel Sykora goes over Marketing Strategies for Lead Generation.

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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.