Fri.Aug 16, 2024

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IRS reopens Voluntary Disclosure Program to fix $1B in ERC claims

Accounting Today

The Internal Revenue Service is reopening the Voluntary Disclosure Program for a limited time to allow businesses to fix incorrect Employee Retention Credit claims without penalties or interest.

Tax 321
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Hiring Update: August 2024 | Freelance and DIY Recruiting

accountingfly

Sharing our perspective on the latest trends impacting talent acquisition in the accounting industry – Freelance Recruitment 2.0, Salary Trends, and DIY Recruiting. All content is 100% written by the real humans working here at Accountingfly. Market Trends: Accounting Salary Trends 2019-2023 – Equity Partners Win; When to Reconsider DIY Recruiting; RTO Salary Math Goes Viral 5 Year Accounting Salary Trends: Partners Win; Staff Lose (?!

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Transforming tax advisory with value pricing

Accounting Today

The "ROI Method" of charging can enhance client satisfaction, boost your firm's revenue, and reduce the time spent on engagements.

Tax 240
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The Top 5 Canadian Tax Deductions Small Businesses Often Miss (and How Accountants and Bookkeepers Can Help Capture Every Receipt)

LedgerDocs

As an accountant or bookkeeper, you know how common it is for a small business owner to miss out on valuable tax deductions simply because they fail to keep track of all their receipts. Here’s a rundown of the top five Canadian tax deductions that small businesses often overlook and how you as their bookkeeper can help them preplan to ensure every receipt is captured and every deduction is claimed. 1.

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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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Tech news: Sage Intaact touts enhanced features for global market

Accounting Today

Sage Intaact touts enhanced features for global market; Certinia's Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.

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How Outsourcing Bookkeeping Help You Scale Our Business – A Real-Life Example

Outsourced Bookeeping

In any industry, quality and quantity often seem to be mutually exclusive, and accounting and bookkeeping are no exception. An accounting firm that is known for its accurate and effective accounting services may find it hard to scale its operations for fear of the potential loss of quality. Accounting firms looking to expand their operations often struggle to maintain the right quality of work due to a lack of expertise, difficulties in hiring the right personnel, and, most importantly, the ever

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How to Automate Insurance Claims Processing

Nanonets

Tedious paperwork and long wait times are every person's worst insurance nightmare. But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability.

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How can CFOs build resilience while facing down challenges?

Accounting Today

As businesses navigate turbulent economic waters, CFOs face mounting challenges in their mission to manage costs, optimize resources and maintain financial resilience.

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AWS Cost Categories: A Key Tool for Cloud Financial Planning

Economize

AWS Cost Categories allows businesses to categorize and track their cloud expenditures in ways that align with the internal structures your organization and financial strategies. With numerous services and resources in play, tracking and managing cloud expenses can quickly become complex.

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On the move: Aprio names national cyber leader

Accounting Today

Wipfli releases 2024 Outsourcing Report; Herbein adds senior HR consultant; and more news from across the profession.

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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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Ten dodgy tax tips best ignored

Accounting Fun

Make a loss - you only pay tax on profits Live on a boat and claim you're 'offshore' for tax purposes Don't worry about getting receipts Yes, we can rewrite the past and pretend you did things that you didn't really do Stick with Apple devices to avoid the Windows tax Less fasteners, more adhesive.

Tax 45
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Autodesk execs ignored accounting risks, documents show

Accounting Today

The company continued to use a controversial sales strategy to meet financial targets after promising it would stop.

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Labor standard definition

Accounting Tools

What is a Labor Standard? A labor standard is the amount of labor time that is expected for the completion of a task. it is usually derived in order to set a baseline for the quantity of work being conducted. A labor standard can be used in several ways, as noted below: Labor standards in budgeting. The concept is used when planning how many employees to assign to a task, which is part of the budgeting and planning processes.

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Staats: Using AI starts with curiosity

Accounting Today

YouTuber, podcaster and advisor Jason Staats discussed the practical issues in AI implementation for accountants during Xerocon this week.

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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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How To Write Emails 3x Faster With AI

Cloud Accounting Podcast

Blake and David discuss the slow adoption of AI tools in accounting firms, with a recent study showing low usage rates. They also explore the potential of AI to streamline tasks like email writing and fraud detection, highlighting tools like Superwhisper. Moving on, there are political discussions around tax exemptions for tips and their potential consequences, updates on the Wirecard fraud case, and insights from a study linking corporate ethics language to negative outcomes.

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Harris economic proposals envision tax cuts, subsidies

Accounting Today

They would all come with a hefty price tag, advisors warn.

Tax 182