Sat.Jul 13, 2024 - Fri.Jul 19, 2024

article thumbnail

IRS crypto enforcement could get tougher

Accounting Today

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Tax 338
article thumbnail

Maximizing Cash Flow During the Summer Slowdown

Accounting Department

Summer can be a challenging time for many businesses, with sales often dipping as customers take vacations and routines shift. But a slowdown doesn't have to mean a cash flow crisis.

209
209
professionals

Sign Up for our Newsletter

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

article thumbnail

The app stack every Aussie small business owner needs in FY25

Xero

The tax-time crunch is wrapping up, meaning the new financial year is here. And whether you’re looking to avoid the same end- of-financial-year stress next year, or streamline your operations – every small business can benefit from starting the new financial year with the right apps in their app stack. What’s an app stack? An app stack is another name for the set of apps that you use to run your business.

XERO 195
article thumbnail

Dynamics GP. stay or go? Tips from Summit NA Roadshow Chicago.

Fidesic blog

We had a blast at Summit Roadshow on Wed. If you missed our live recap yesterday we'll be sharing highlights form it here over the next couple of weeks, starting with Jim Bertler's session Dynamics GP.

AP 130
article thumbnail

How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

article thumbnail

RSM acquires firms in Europe

Accounting Today

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

Auditing 318
article thumbnail

Elevate Your Business with Client Accounting Services

Accounting Department

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

More Trending

article thumbnail

Intuit Survey: Few Canadian high schoolers feel they have a solid understanding of personal finance terms

Intuit

Financial education has the power to improve the lives of thousands of Canadian high school students by giving them the skills they need to make informed decisions. However, new data from Intuit Canada shows a lot more work needs to be done to prepare them for life after high school. The results of Intuit Canada’s latest survey on financial education are in, and they reveal some concerning data points about how Canada’s high schoolers feel about money: 73% of Canadian high schoolers wish they un

Budgeting 130
article thumbnail

IRS debunks nonexistent Self Employment Tax Credit social media claims

Accounting Today

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Tax 314
article thumbnail

Top Remote Accounting Candidates for Hire | July 18, 2024

accountingfly

Top Remote Accounting Candidates This Week Looking for remote accountants? Accountingfly can help! With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accounting candidates with no upfront cost. These are just a few of our top remote accounting candidates this week. Sign up now to receive the full list of top accounting candidates available weekly!

CPA 121
article thumbnail

Keeping Dynamics GP Fresh

Fidesic blog

Seldom used features in Dynamics GP! Keeping GP fresh with tricks you might not know.

AP 130
article thumbnail

2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

article thumbnail

How to Use QuickBooks Enterprise for Order Management

Ace Cloud Hosting

One of a business’s most frequently overlooked elements is its order management. Companies must coordinate the entire process, from when customers place orders until they receive their product or service.

article thumbnail

AI in accounting: Who are the humans in the loop?

Accounting Today

Accounting firms and vendors alike have stressed the importance of having a "human in the loop" to oversee AI. Just who are these humans and what do they do?

article thumbnail

CMiC issues new Construction Industry Survey

Insightful Accountant

If you are a ProAdvisor, Consultant, or Accountant wanting to support construction businesses as they digitally transition, you won’t want to miss this survey, which will provide valuable insights into the industry.

article thumbnail

Traceable costs definition

Accounting Tools

What are Traceable Costs? A traceable cost is a cost for which there is a direct, cause-and-effect relationship with a process, product, customer , geographical area, or other cost object. If the cost object goes away, then the traceable cost associated with it should also disappear. A traceable cost is important, because it is an expense that you can reliably assign to a cost object when constructing an income statement showing the financial results of that cost object.

article thumbnail

Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

article thumbnail

Lacerte Remote Access Benefits for Tax Firms and Professionals

Ace Cloud Hosting

Lacerte is one of the most popular and reputable tax preparation and filing software for small—to medium-sized businesses. It offers robust features that allow tax professionals to reduce manual work.

Tax 105
article thumbnail

IRS updates RMD guidance

Accounting Today

The Treasury Department and the Internal Revenue Service issued final regulations Thursday to update the rules for required minimum distributions.

Tax 329
article thumbnail

TJCA May Bring Wave of C Corp Conversions

Insightful Accountant

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention and proactive planning, and Section 199A is no exception.

Tax 98
article thumbnail

Pro forma financial statements definition

Accounting Tools

What are Pro Forma Financial Statements? Pro forma financial statements are financial reports issued by an entity, using assumptions or hypothetical conditions about events that may have occurred in the past or which may occur in the future. These statements are used to present a view of corporate results to outsiders, perhaps as part of an investment or lending proposal.

article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

article thumbnail

Having Trouble Budgeting? QuickBooks Online Can Help

Reconciled Solutions

Creating a budget that actually works can be tough. Use QuickBooks Online’s setup tools and these tips for more effective budgeting. The post Having Trouble Budgeting? QuickBooks Online Can Help appeared first on Reconciled Solutions.

article thumbnail

How real-time accounting drives a healthier financial future

Accounting Today

Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.

article thumbnail

Fractional CFOs: Bringing Big Business Accounting Insights to Smaller Enterprises

Insightful Accountant

Ben Richmond, the Managing Director of Xero for North America, gives valuable insights into accounting firms providing 'Fractional CFO' services.

XERO 98
article thumbnail

Unlocking the Power of Retention Marketing in SaaS Business

Enterprise Recovery

Retention marketing is the practice of implementing strategies and techniques to keep existing clients engaged and loyal to your business. While acquiring new customers is important, retaining existing ones is more valuable for the long-term success of your business. By focusing on client retention, you can build strong relationships, increase customer satisfaction, and ultimately drive revenue growth.

76
article thumbnail

3 Steps to Successful & Strategic Year-End HR Planning

Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!

article thumbnail

13 Ways to Improve Your Business Operations

Nolan Accounting Center

As a small business owner, you should want to improve your business operations. Indeed, every business owner should recognize that improving operating efficiency must be an ongoing endeavor. As American editor and publisher Clarence W. Barron stated, “Everything can be improved.” More pointedly, Japanese consultant Masaaki Imai said, “Not a day should go by without some kind of improvement made somewhere in the company.

article thumbnail

CLA attracts young accountants, leveraging global presence

Accounting Today

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

article thumbnail

Continuing professional education definition

Accounting Tools

What is Continuing Professional Education? Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients.

CPA 75
article thumbnail

7 Accounting Firm Acquisitions in Nine Years w/ Cory Gayman, CPA

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello welcomes Cory Gayman, CPA , the CEO/CFO/Founder of JCG Tax & Advisory Firm. Cory shares insights on establishing common ground with entrepreneurs, addressing the accounting talent shortage, improving accounting efficiencies, and navigating the world of virtual firms. Tune in for valuable tips from a firm owner in the trenches.

CPA 59
article thumbnail

Auditpalooza: Rocking the Month-End Close Audit

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

article thumbnail

A Complete Guide on AWS EKS Cost Monitoring & Best Practices

Economize

By monitoring what you’re spending, you can make sure you’re using your resources wisely. This clear view into your costs helps you spot any resources that aren’t fully utilized, ensuring you’re not overpaying for what you don’t really need. Hence, AWS EKS cost monitoring plays a key part in managing your Kubernetes clusters.

article thumbnail

Internal auditing to undergo major transformation, says IIA

Accounting Today

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.

Auditing 297
article thumbnail

Investment property definition

Accounting Tools

What is Investment Property? Investment property is property that an entity holds to earn rental income and/or capital appreciation. It generates cash flows mostly independently of other assets held by an entity. It is not property that an entity uses to supply goods or services, nor is it used for administrative purposes. Examples of Investment Property There are many examples of investment property, including the following: Farmland Forest land Commercial properties held for rent or appreciati

article thumbnail

Feeling the Squeeze? Automate Your Tax Workflow with Intuit ProConnect Tax

Insightful Accountant

If you missed our recent App Academy webinar, Intuit shared how to leverage ProConnect Tax solutions to streamline the workflow across Books-Income Tax-Advisory to enable you to automate compliance tasks.

Tax 59
article thumbnail

Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!