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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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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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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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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Art of Accounting: Where are you going?

Accounting Today

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

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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

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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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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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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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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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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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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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.