AccountingDepartment
JUNE 26, 2024
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
RogerRossmeisl
JUNE 26, 2024
Are you an older taxpayer who owns a house that has appreciated greatly? At the same time, you may need income. Thankfully, there could be a solution with a tax-saving bonus. It involves taking out a reverse mortgage. Reverse mortgage basics With a reverse mortgage, the borrower doesn’t make payments to the lender to pay down the mortgage principal over time.
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Accounting Today
JUNE 26, 2024
Accountants are adding AI tools to their work, saving time and becoming more efficient.
RogerRossmeisl
JUNE 26, 2024
The next quarterly estimated tax payment deadline is September 16 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated tax without triggering the penalty for underpayment of estimated tax. Four possible options The required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under one of the following four met
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Today
JUNE 26, 2024
The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.
RogerRossmeisl
JUNE 26, 2024
Noncompete agreements can be valuable to a business, especially after a merger or acquisition. Estimating the value of these agreements has become more complicated in light of a controversial new final rule issued by the Federal Trade Commission (FTC) that will ban noncompetes for most employees and independent contractors, starting in September 2024.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JUNE 26, 2024
We’re not talking about the high number of people who are sticking around at their firms right now because the market is so screwy but rather this is about respondents to a Pennsylvania Institute of CPAs survey they’ve called “ CPA Talent Retention 2024: Keeping Your Best Performers.” Almost three-quarters of the hundreds of PA CPAs surveyed said they would like to stay put.
Accounting Today
JUNE 26, 2024
The International Sustainability Standards Board will improve the sustainability disclosure landscape by streamlining and consolidating frameworks and standards.
CPA Practice
JUNE 26, 2024
While the 2024 filing season generally ran smoothly, delays in issuing refunds to identity theft victims, misleading telephone measures that lead to poor resource allocation decisions, and delays in processing employee retention credit (ERC) claims stood out as the biggest challenges to taxpayers, according to National Taxpayer Advocate Erin Collins, who released her mid-year report to Congress on June 26.
Accounting Today
JUNE 26, 2024
Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
CPA Practice
JUNE 26, 2024
Rightworks, a cloud service provider delivering solutions purpose-built for accounting firms and professionals, has acquired Australia-based Practice Protect , the accounting profession’s leading cybersecurity provider. The acquisition will enable firms to manage risk, secure client data, and achieve regulatory compliance while using cloud and desktop applications in Rightworks OneSpace.
Accounting Today
JUNE 26, 2024
The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.
Patriot Software
JUNE 26, 2024
Canton, OH Patriot Software proudly unveils its latest innovation—the My Patriot mobile app, a dynamic new tool designed to streamline how work hours are recorded and managed. The payroll and accounting leader’s new app is available to all salaried and hourly employees whose employer uses Patriot’s Time and Attendance software.
Accounting Today
JUNE 26, 2024
While some news reports have sensationalized the arrival of artificial intelligence as a risk for the accounting industry, it represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.
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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.
CPA Practice
JUNE 26, 2024
The IRS gave whistleblowers 121 awards totaling $88.8 million for information attributable to $338 million in tax revenue being collected in fiscal year 2023, according to the latest annual report from the agency’s Whistleblower Office. The total dollar amount of awards paid increased substantially from FY 2022 when the IRS awarded $37.8 million to whistleblowers.
Accounting Today
JUNE 26, 2024
An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.
GrowthForceBlog
JUNE 26, 2024
9 min read June 21st, 2024 One of the biggest challenges and biggest decisions in running a business is determining your prices. Key Takeaways When Your Business Is Differentiated From the Competition: In some sense, differentiation is similar to scarcity because your business's products and services can't quite be considered scarce if you have multiple competitors offering similar products and services.
Accounting Today
JUNE 26, 2024
Some participants will get a letter next month outlining a potential settlement offer.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
CPA Practice
JUNE 26, 2024
Roundtable Labs has announced the highly anticipated launch of the second cohort for Empower Your Passion, a transformative initiative aimed at revolutionizing the way accountants and business owners approach their work. To celebrate this milestone, Roundtable Labs invites interested individuals to join a free preview session on July 23rd to learn more about this exciting opportunity.
Accounting Today
JUNE 26, 2024
Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.
CPA Practice
JUNE 26, 2024
A new survey underscores the role that accountants play in motivating, determining, and implementing new solutions that modernize their work. This also helps ensure their organizations are competitive and compliant in a complex and dynamic environment, and aid the CFO and others in understanding the transformation imperative. These are part of the results from FloQast’s survey, Embracing Financial Transformation: What It Is, Why Organizations Should Want It, and How to Achieve It.
Accounting Today
JUNE 26, 2024
The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.
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.
Accounting Insight
JUNE 26, 2024
Dext is bringing its three products into a single Bookkeeping Automation platform and will release new features to automate employee expenses, simplify approval workflows and more. Dext, the leading bookkeeping automation platform provider, today announced it is combining its products, Prepare, Precision and Commerce, into one integrated experience that will remove the friction between businesses, bookkeepers and accountants.
Accounting Today
JUNE 26, 2024
Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.
ThomsonReuters
JUNE 26, 2024
Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. Insight on how indirect tax departments intend to use technology to transform their operations can be found in a recent study conducted by the Thomson Reuters Institute.
Accounting Today
JUNE 26, 2024
A chain of second-hand bookstores may not immediately sound like the setting for a tale of stock-market volatility, but Bookoff Group Holdings Ltd. shares tumbled 10% after discovering fictitious purchases by employees.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Insightful Accountant
JUNE 26, 2024
Recent workplace changes have sped up shifts in how and where accountants work. Firms of all sizes have long been exploring dispersed teams.
Ryan Lazanis
JUNE 26, 2024
In business, we often lose sight of what’s truly important. This episode serves as a reminder to re-center and focus on what matters most. The post Reminder appeared first on Future Firm.
Insightful Accountant
JUNE 26, 2024
Murph seeks to help you get ready for Insightful Accountant's 2025 ProAdvisor Awards process that will begin in July (2024). This includes a few fundamental changes to this year's requirements.
Reckon
JUNE 26, 2024
In a new deal with SISS Data Services (Australia’s leading independent provider of secure bank data services) Reckon is proud to add powerful and secure bank data services to our payroll and accounting software. As Reckon CEO Sam Allert noted on the fresh partnership, We’re very excited to deliver this significant enhancement for our small business customers,” said Sam Allert, CEO of Reckon.
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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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