SMBAccountant

JULY 14, 2020

This is the simplest form as your books match your bank account. The accrual basis of accounting matches income and expenses in the same time frame, regardless of when the money came into or left the bank account. Using cash basis accounting, Doe Co. Using cash basis accounting, Doe Co. For example: Doe Co.

Government 246

Government accrual accounting quickbooks Account 246

Patriot Software

APRIL 2, 2024

Payroll contains sensitive employee information such as Social Security numbers and bank account details, making it a goldmine for cybercriminals. And because 43% of all data breaches target small businesses, payroll data security should be top of mind. Kickstart your payroll data security training here.

payroll 105

payroll accounted Account accountant 105

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

MyIRSRelief

OCTOBER 11, 2024

This article will delve into the various tax services offered by Enrolled Agents, including personal tax preparation, business tax preparation, personal tax planning, business tax planning, IRS and state tax audit representation, back tax help and resolution, and 941 payroll tax problem resolution.

tax services 130

tax services payroll tax Tax tax preparation 130

Basis 365

NOVEMBER 25, 2024

Whether you’re a startup or an established company, outsourced accounting can provide the financial expertise you need to grow your business. Many businesses of all sizes have been turning to outsourced accounting services as an essential part of their competitive strategy. What Are Outsourced Accounting Services?

Account 59

Account accounted accountant bookkeeping 59

CPA Practice

JANUARY 9, 2024

FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology.

payroll 115

payroll bookkeeping Technology accounting software 115

MyIRSRelief

JANUARY 3, 2025

Understanding and managing payroll taxes, particularly through Form 941, is a critical but often misunderstood part of running a business. Trust Fund Recovery Penalty: This penalty can hold individuals responsible for unpaid payroll taxes personally liable. The accumulated penalties seemed insurmountable.

payroll tax 130

payroll tax payroll Tax income tax 130

Patriot Software

FEBRUARY 22, 2024

If you want to deposit your employees’ paychecks directly into their bank accounts, you need direct deposit. Most employers handle direct deposit through their payroll software. Payroll services calculate employees’ wages, taxes and deductions, and take-home pay. […] Read More

payroll 105

payroll Tax accounted Account 105

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

payroll tax 147

payroll tax payroll audit Tax 147

CPA Practice

OCTOBER 28, 2024

If applicable, final payroll tax returns must also be filed and payroll accounts closed, as well as any sales tax. Notify the IRS Dissolution also involves closing a company’s IRS business account. Any outstanding tax obligations must be paid.

tax return 116

tax return payroll tax payroll Legal 116

ThomsonReuters

JANUARY 30, 2025

Miguel Lopez, a shareholder at Littler Mendelson and an expert in employment law, shared his insights on the Act with Thomson Reuters’ Checkpoint Payroll Update a couple of weeks before the start of New York Fashion Week 2025 on February 13.

New York 88

New York payroll Legal accounting and finance 88

RogerRossmeisl

NOVEMBER 8, 2023

Construction Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. Segregation of accounting duties — having them performed by more than one employee — is critical to reducing both types.

Real Estate 230

Real Estate Construction payroll Transportation 230

ThomsonReuters

JULY 23, 2024

Potential impact on employers and payroll The outage could have significant implications for employers and payroll professionals. The Global Payroll Association confirmed that the IT disruption impacted numerous clients and affected businesses’ ability to pay their employees. Tatum, Esq., Tatum, Esq.,

payroll 96

payroll Technology Healthcare Account 96

Xero

MAY 13, 2024

Preparing your payroll to make finalisation as easy as possible come July. Check your employees’ records As part of Single Touch Payroll (STP) , there are key compliance requirements that affect the way employees are set up in Xero. A good place to start? Completing your EOFY is better off on Xero.

payroll 99

payroll general ledger Tax Account 99

Patriot Software

JANUARY 22, 2024

Patriot Software, a national accounting and payroll software company, has released its Small Business Payroll Index, which will be published monthly. This index represents the monthly percentage change in the number of workers who were added to or removed from Patriot’s payroll software. “I

payroll 105

payroll accounted Account accountant 105

CPA Practice

JANUARY 23, 2024

Patriot Software, a national accounting and payroll software company, has released its inaugural Small Business Payroll Index , which will be published monthly. This index represents the monthly percentage change in the number of workers who were added to or removed from Patriot’s payroll software. “I

payroll 105

payroll Account accountant accounted 105

CPA Practice

OCTOBER 31, 2024

Businesses also are adopting various methods to manage sales tax compliance, with 56% using specialized software and tools, 40% relying on in-house accounting teams, 32% handling it manually, and 31% outsourcing to accounting firms, according to Avalara. The survey, which was conducted from Oct.

Sales 116

Sales Tax accounting and finance bookkeeping 116

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike. By James Paille, CPP.

Account 119

Account accounted accountant payroll 119

inDinero Tax Tips

OCTOBER 22, 2024

In this article, we’ll cover everything you need to know about Nevada LLC taxes, from pass-through treatment to self-employment, sales, and payroll taxes. If you have employees, you also file a Form 941 , which reports payroll tax withheld on their behalf. This is Nevada’s version of payroll tax.

Nevada 105

Nevada Tax income tax payroll tax 105

Insightful Accountant

NOVEMBER 14, 2023

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

payroll 105

payroll accountant accounted Account 105

Accounting Seed

NOVEMBER 21, 2024

Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact. However, great accounting software doesn’t need to cost an arm and a leg. leading to an inefficient accounting process.

accounting software 59

accounting software AP Automation Account accounted 59

inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier. Whats Unique About Tech Startup Accounting?

accrual accounting 59

accrual accounting Account accounted accountant 59

Mark Lee

JANUARY 21, 2025

A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. As the founder of Security Everywhere, his expertise is invaluable in understanding the cyber threats faced by accountants. Can you elaborate?

Account 52

Account accounted accountant payroll 52

CPA Practice

SEPTEMBER 8, 2023

The tax law provides benefits to employees who choose to participate in flexible spending accounts (FSAs) for qualified expenses. However, if there’s a balance in the account at the end of the year, the remaining funds are generally forfeited. Therefore, the employee saves both income tax and payroll taxes on contributions to the plan.

Healthcare 119

Healthcare payroll tax Account accounted 119

SMBAccountant

DECEMBER 21, 2022

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Accountants also support management in the implementation and monitoring of internal controls. Tax accountants specialize in IRS law and completion of tax returns.

bookkeeping 130

bookkeeping managerial accounting Account accounted 130

AccountingDepartment

MAY 16, 2024

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

bookkeeping 105

bookkeeping accounts payable Account accounted 105

CPA Practice

OCTOBER 3, 2024

This webinar will be held on Thursday, November 14, 2024 at 2:00pm ET Sponsor: IRIS Payroll Duration: 1 Hour Register Now Gustavo Fernandez, President of Payroll Service Pros, will share real-world examples to demonstrate the differences and the choices you make play out in practice.

payroll 84

payroll Indiana CPA Illinois 84

CPA Practice

OCTOBER 22, 2024

The firm became a Workday Services Partner in 2023, based on its success deploying the Workday platform for clients — and its ability to help clients use the platform to connect functions and capabilities in areas ranging from accounting and planning to human capital and analytics.

accounting and finance 119

accounting and finance Healthcare Manufacturing payroll 119

Going Concern

AUGUST 29, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accounted accountant 105

CPA Practice

NOVEMBER 14, 2023

13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. Our 2023 event doubled down on how AI-driven innovations can help accountants and the small businesses they serve gain insights to make more informed business decisions.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

AccountingDepartment

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

bookkeeping 110

bookkeeping accounts payable Account accounted 110

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. Thank you to the more than 5,500 readers who participated in voting this year. Now, on to the results! WINNER: TheTaxBook – Tax Materials Inc.

Technology 119

Technology accounting firms cpas Account 119

CPA Practice

JUNE 28, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. And September 1, all the accountant billed subscriptions are going to go through here. For core a did 85 for premium and 125 to 130 for payroll elite.

quickbooks 119

quickbooks Technology Account accounted 119

Patriot Software

MAY 21, 2024

Canton, Ohio Patriot Software, a leading accounting and payroll software provider for American businesses, proudly announces the launch of its newest feature for accounting customers: ACH payments on invoices for customers who integrate with Stripe.

Ohio 105

Ohio Account accounted accountant 105

Randal DeHart

NOVEMBER 29, 2024

Many small business owners need help keeping their accounts receivable in check, which can ultimately impact their business's health and sustainability. When invoices go unpaid, your cash flow takes a hit, potentially affecting your ability to pay suppliers, cover payroll, or invest in growth opportunities.

Construction 90

Construction payroll Account accounted 90

Going Concern

SEPTEMBER 15, 2023

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. “There may be a slight delay on the payroll,” he said. Thanks to the tipsters who sent this over because holy s**t.

accounting firms 126

accounting firms payroll South Dakota North Dakota 126

CPA Practice

SEPTEMBER 23, 2024

’Tis the season for staffing firms to release their salary prognostications for various accounting and finance roles for the upcoming year, and one of the first for 2025 comes from Atrium. The staffing and recruiting firm recently put out its 2025 Salary Guide , which includes a section for finance and accounting.

public accounting 116

public accounting Account accounted accountant 116