Mon.Jun 24, 2024

article thumbnail

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.

Auditing 325
article thumbnail

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.

professionals

Sign Up for our Newsletter

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

article thumbnail

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!

article thumbnail

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.

59
article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

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.

Tax 235
article thumbnail

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.

More Trending

article thumbnail

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.

52
article thumbnail

Art of Accounting: Where are you going?

Accounting Today

Planning is essential in any endeavor, especially in an accounting practice.

article thumbnail

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.

article thumbnail

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.

133
133
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

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.

article thumbnail

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.

Tax 124
article thumbnail

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.

article thumbnail

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.

Payroll 52
article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

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!

52
article thumbnail

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.

article thumbnail

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.

52
article thumbnail

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.

FinOps 52
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?