Tue.May 28, 2024

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IRS update: Boosting alternative dispute resolution, and more

Accounting Today

The decline in taxpayers taking advantage of the ADR process was a major topic at a recent IRS meeting.

Tax 317
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4 ways Intuit helped me start a successful tax career

Intuit

As a Seasonal Tax Prep Associate for Intuit, I work remotely from my home in Kansas helping customers all over the country. Spoiler alert: I love it! I’m Fatimah. If you want to transition from a bookkeeping position to a tax career like I did, keep scrolling and I’ll share the 4 ways Intuit makes it easy for you to do it. How did my career journey bring me to this great company?

Tax 299
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Intuit's TurboTax lost 1M users this tax season

Accounting Today

Intuit has been working to cater TurboTax to those with more complicated tax situations, betting that those customers could use online help from experts.

Tax 312
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I was ready to up my tax game–that’s why I joined Intuit

Intuit

I’m Michael, a Seasonal TurboTax Live Expert and a full-time owner of a financial services practice. At Intuit, I can create a personalized career path, work the hours I want, supplement my income, and still have time to expand my own business. If you have a bookkeeping background and want to develop the skills needed to have a more lucrative future, I can share with you the advantages of building a tax career with Intuit.

Tax 264
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Hillary Salo named as FASB vice chair

Accounting Today

The Financial Accounting Foundation announced Hillary Salo as the next vice chair of the Financial Accounting Standards Board.

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We're Off To The Races with the 2024 ADC Summer Challenge!

Accounting Department

It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 13th annual ADC Summer Challenge.

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Intuit QuickBooks Offers New Small Business Grants

Insightful Accountant

New Small Business Grants available from Intuit QuickBooks will unlock $200,000 in funding for small businesses.

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GASB guidance aims to improve government financial reporting

Accounting Today

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

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Amazon EBS GP2 vs GP3 – Comparing Cost & Performance

Economize

Amazon Elastic Block Store (Amazon EBS) is one of the core storage services in AWS, along with Amazon Simple Storage Service (Amazon S3) and Amazon Elastic File System (Amazon EFS). EBS provides extra block-level storage for your EC2 instances, with each storage unit called an EBS volume.

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Connected Leaders: Cultivating deeper bonds for team success

Accounting Today

Taking a different approach to leadership, management and community can yield tremendous results.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Offshore Accounting: Everything You Need to Know

Future Firm

Dive into the world of offshore accounting: Discover benefits, challenges, and best practices in this comprehensive guide. The post Offshore Accounting: Everything You Need to Know appeared first on Future Firm.

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Excluding capital gains of $10M — or more — from taxes with QSBS

Accounting Today

Qualified small business stock carries major potential savings for startup founders and investors, but the benefits come with some important caveats to keep in mind.

Tax 240
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Sage Intacct Unveils New Updates

Insightful Accountant

Sage Intacct has unveiled several new updates designed to advance productivity and control for SMBs. These new features streamline operations from AI-powered Timesheets to Advanced Financial Controls, ensuring smoother workflows and compliance.

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KPMG agrees to merge U.K. and Swiss operations

Accounting Today

The new firm will be led by KPMG's U.K. CEO, Jon Holt, while Stefan Pfister, currently the boss of the Swiss arm, will become deputy CEO.

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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May 29, Organized Record Keeping Systems For Home Based Offices

Bookkeeping Essentials

A series of chats about record keeping systems to get and stay organized so you can get rid of those drawers of stashed receipts? Simple choices and guidelines to eliminate stress and panic.

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Yellen says U.S. isn't ready to sign global tax agreement

Accounting Today

About 140 countries signed on to the outline of a groundbreaking pact in 2021 to reform the way large multinational companies are taxed.

Tax 189
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Accounts Receivable Automation

oAppsNet

In the contemporary business landscape, where efficiency and accuracy are paramount, automating Accounts Receivable Automation (AR) processes stands out as a transformative strategy. AR automation involves using technology to manage and streamline the collection of payments from customers, minimizing manual intervention and maximizing efficiency. This approach accelerates cash flow, enhances customer satisfaction, reduces errors, and provides valuable insights into financial operations.

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Accountants on the front lines of CSRD preparedness

Accounting Today

Day to day, accountants are already involved in everything from improving energy efficiency to waste management, recycling and digital solutions.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Testimony on The Merits Of Outsourcing Your Bookkeeping

Remote Quality Bookkeeping

When it comes to calculating sales tax in the state of New York, the former website Taxrates.com spelled it out bluntly and without pulling any punches: New York sales tax has numerous local taxing levels that must be monitored and maintained on a regular basis. It is complex and time consuming due to the volume of jurisdictions. As a comparison, Connecticut has a single, state-wide sales tax rate, with no additional county or city sales taxes being imposed.

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In the blogs: Something fishy 

Accounting Today

Debate over the Tax Cuts and Jobs Act; assessing last season; Etsy and sales tax; and other highlights from our favorite tax bloggers.

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Full Charge Bookkeeping vs Bookkeeping: Which is Best for your Company?

Remote Quality Bookkeeping

When it comes to a bookkeeper vs full charge bookkeeper, who is the better for your business? Company owners everywhere deal with countless struggles involving their business, from the various employees they hire and deal with to the tracking and managing of their budget so that way their business doesn’t go under. The management of money is always especially important, because no matter what type of business you own, you want to be able to keep track of all money to pay expenses, expand profits

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Chiropractic Business Outsourced Bookkeeping to Save Time and Focus on Growth. Why Virtual Bookkeeping Works.

Remote Quality Bookkeeping

One of the many ongoing challenges for business owners is making sure the books are balanced. Within the chiropractic industry, that element of running a practice can be a particular pain point. In a blog entry on Chiroeco.com, an online resource for the chiropractic community, Drew Stevens identified three prime areas – independent of the medical component – to which chiropractors must remain attentive in order to stay afloat.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.