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
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
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: 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.
Accounting Today
JUNE 26, 2024
The International Sustainability Standards Board will improve the sustainability disclosure landscape by streamlining and consolidating frameworks and standards.
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.
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.
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
Accountants are adding AI tools to their work, saving time and becoming more efficient.
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.
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.
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
Logan Graf is documenting his accounting firm's journey to eliminating busy season on his YouTube channel.
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.
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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.
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.
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.
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.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
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.
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 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
Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
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
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.
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.
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.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
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.
CPA Practice
JUNE 26, 2024
By Lorraine Mirabella, Baltimore Sun (TNS) Under Armour will pay $434 million to settle a lawsuit in which shareholders in 2017 said they suffered significant losses as a result of false and misleading statements about the company’s prospects. The securities fraud class-action lawsuit, initially filed in 2017 in U.S. District Court in Baltimore, covers purchasers of publicly traded shares of Under Armour from Sept. 15, 2015, to Nov. 1, 2019.
Cherry Bekaert
JUNE 26, 2024
Dive into the complexities of the OZ Working Capital Safe Harbor with our video. Don’t forget to subscribe for more updates on Opportunity Zone regulations and professional advice! Six years into the Opportunity Zone (OZ) program, the work has shifted. Tax professionals are asked less to plan new funds and counsel new investors, and more about guiding existing funds through the working capital safe harbor period.
Menzies
JUNE 26, 2024
Menzies LLP - A leading chartered accountancy firm. Retail Crime Retail crime has surged by a third in the past year, with shoplifting rates reaching their highest levels in over two decades, surpassing 400,000 incidents for the first time since records began in 2002. Last year, it is estimated that retail crime cost businesses £1.7 billion. However, it is not only the financial losses that are impacting businesses; the increased fear for the safety of retailers and their staff has also become a
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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