Sat.Dec 24, 2022 - Fri.Dec 30, 2022

article thumbnail

New mileage rates from IRS

Accounting Today

Tax 279
article thumbnail

Is It a Good Idea To Outsource as a Start-Up?

Accounting Department

Startup founders and managers rightfully question whether it is prudent to outsource accounting and bookkeeping or keep the work in-house. Chart out the positives and negatives of outsourcing accounting/bookkeeping projects and you’ll find the positives are significantly greater in number.

professionals

Sign Up for our Newsletter

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

article thumbnail

9 Reasons You Should Be Reviewing Your Profit & Loss Report

The Savvy Bookkeeping Blog

A profit and loss (or income) statement lists your income and expenses. It tells you how much profit you’re making, or how much you’re losing. It’s one of the most important financial documents your business will need to produce. Successful business owners review their Profit & Loss regularly.

XERO 130
article thumbnail

How Tracking Kubernetes Costs Over Time Reveals Important Context

CloudZero

Your company may receive a monthly bill that includes the storage, network, and compute used to run Kubernetes applications. At this point, you can see how much you’ve spent on Kubernetes as a whole.

article thumbnail

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

article thumbnail

Tax season preview: Hoping to get back to normal

Accounting Today

Tax 278
article thumbnail

Making The Most of Client Accounting Services

Accounting Department

Business owners and CEOs often wear a lot of hats in their organizations. Accounting and bookkeeping may not be one of their specialties, putting them at risk for lost payments, missed revenue, and preventing the company from growing as it should. Client accounting services (CAS) can help a business owner automate many financial tasks and maximize efficiency and profitability.

More Trending

article thumbnail

12+ Kubernetes Labels Best Practices To Apply ASAP In 2023

CloudZero

Scalability is one of the main reasons for using Kubernetes. Yet, scaling Kubernetes systems can reduce visibility into critical components. To overcome this, you have to organize your Kubernetes resources in a way that helps you find and track them more easily.

96
article thumbnail

The top 15 stories of 2022

Accounting Today

article thumbnail

What is Tax Debt and How Does it Impact Your Small Business?

Nolan Accounting Center

If your business owes taxes to the IRS after the filing deadline, you have tax debt. Even if you filed early and paid a portion of the bill, the remaining balance is considered tax debt. Many small business owners fear that the IRS will seize their businesses if they owe back taxes. If you have a small business in Southeast Wisconsin, let Nolan Accounting help you with your financials.

Tax 52
article thumbnail

Auditing Apathy With Ron Baker

Cloud Accounting Podcast

Sponsors LiveFlow - [link] Zoho - [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Show Notes Buy Ron's book, "Time's Up!: The Subscription Business Model for Professional Firms": [link] 14:27 – FTX US auditor Armanino defends work for failed crypto exchange [link] Get in Touch Thanks for listening and for the great reviews!

article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

ElastiCache Vs. Redis: How Do They Compare? (Updated 2023)

CloudZero

As technology improves and customer demands change, many companies must provide fast, engaging, and secure services. Developers rely on platforms that support sub-millisecond response times to power these capabilities in their applications.

78
article thumbnail

The 2022 Top 100 People: Making a change

Accounting Today

article thumbnail

What is Tax Debt and How Does it Impact Your Small Business?

Nolan Accounting Center

If your business owes taxes to the IRS after the filing deadline, you have tax debt. Even if you filed early and paid a portion of the bill, the remaining balance is considered tax debt. Many small business owners fear that the IRS will seize their businesses if they owe back taxes. If you have a small business in Southeast Wisconsin, let Nolan Accounting help you with your financials.

Tax 52
article thumbnail

How Can ERP Integration Help You Manage Purchasing and the Supply Chain?

NextProcess

As companies continue dealing with the business ramifications of the COVID-19 pandemic, supply chain management remains a key concern. Shipment delays, suppliers that can’t deliver, and other supply chain disruptions can have a significant, negative effect on a business. To make matters worse, many companies struggle to manage the supply chain effectively.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Understanding the Role of a Company Secretary: What to Know

Counto

Understanding the Role of a Company Secretary: What to Know Understanding the role of a company secretary is essential to keeping a company compliant and running smoothly. This article outlines the duties and responsibilities of a company secretary and provides insight into the importance of having a qualified and experienced individual in this role.

article thumbnail

Bookkeeper embezzles $29M from prominent Texas family

Accounting Today

article thumbnail

How to Scale Your Freelance Business

Less Accounting

One of the undeniable benefits of freelancing is your ability to control your earning potential. There is no salary cap or company budget holding you back from earning the money you need. However, that doesn’t mean it comes easily. How do you scale your freelance business to give yourself the income you deserve? It takes strategy. You need to make smart business decisions to avoid burning yourself out and throwing the towel in altogether.

article thumbnail

Time Blocking vs Time Boxing, other techniques, and how it all fits together

Ontrack Bookkeeping

In a world with endless distractions, it’s no wonder that we find it difficult to complete tasks. Focus is hard to come by these days. This is especially true when you’re working from home. Household tasks that would otherwise be out of sight and out of mind are suddenly in your workspace. With that said, there are some proven methods to help you get things done.

Billing 52
article thumbnail

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

article thumbnail

How CFOs Can Prepare for Financial Digital Transformation

MineralTree

The world continues to digitize at an accelerating pace, pressuring finance departments to follow suit. This presents both challenges and opportunities for Chief Financial Officers (CFOs), who must navigate the complexities of financial digital transformation in order to lead their organizations toward success. In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of

AP 52
article thumbnail

Tax Strategy: New clean energy prevailing wage and apprenticeship requirements

Accounting Today

Tax 264
article thumbnail

Dec 28, Canadian Bookkeeping and Tax Rates

Bookkeeping Essentials

Compliance tax rates of interest to Canadian small business owners and bookkeepers who work from home. Includes tax free automobile allowance rates.

article thumbnail

QuickBooks vs Xero vs FreshBooks

Billah and Associates

There’s nothing similar to the feeling of maintaining your own business. Be that as it may, delivering a product or service is just a part of it. Proper financial management and accounting can show the moment of truth in your business. That’s where QuickBooks vs Xero vs FreshBooks – the top three cloud-based accounting software come into play.

XERO 52
article thumbnail

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

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

article thumbnail

After 2 years, it took just 2 minutes to resolve this HMRC query

Accounting Fun

This is a true story about a tax dispute that went on for two years before the underlying issue was clarified. It made me smile. An Inspector of Taxes was explaining to me that the owner of the small business had been refusing to co-operate. As a result a relatively straightforward tax dispute about a tax scheme was heading towards the first tier tax tribunal.

Tax 40
article thumbnail

4 reasons every firm needs a disaster recovery plan

Accounting Today

264
264
article thumbnail

Ep. 213: Robert Bendetti, Jr. - An expert’s guide to cash flow management

IMA's Count Me

Connect with Robert: [link] Check out IMA's Statement of Cash Flow Tutorial Full Episode Transcript: < Intro > Adam: Welcome to Count Me In. The podcast that brings you an insider's look at accounting and finance professionals working in business. I'm Adam Larson. My guest today is Robert Bendetti Jr. Robert is a CPA and the CFO of Lifecycle Engineering, and he joins me for a high-energy discussion about cash flow management.

article thumbnail

NACM's CMI Forecasts Trouble Ahead in 2023

NACM

?At the start of 2022, economic activity was bursting at the seams as businesses recovered from the depths of the pandemic. But roughly one year later, NACM's Credit Managers' Index is painting a very different picture of the U.S. economy … and credit professionals sense trouble ahead.Hear from Amy Crews Cutts in today's episode of Extra Credit #po.

5
article thumbnail

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.

article thumbnail

Your 2023 to-do list

Accounting Today

264
264
article thumbnail

IRS issues interim guidance on IRA provisions

Accounting Today

Tax 264
article thumbnail

Tax benefits for wealthy earners in SECURE 2.0

Accounting Today

Tax 264
article thumbnail

Watch out: Top focal points for audit season

Accounting Today

Auditing 263
article thumbnail

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.