Automating AR processes brings transformative benefits
Accounting Today
JULY 25, 2024
Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.
Accounting Today
JULY 25, 2024
Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.
CPA Practice
JULY 25, 2024
The years following the pandemic have seen increases in local and other small jurisdictional sales taxes, as well as new taxes and fees, as municipal governments across the country respond to economic pressures, and tightening state budgets have raised the need for revenue at the local level. The 2024 Mid-Year Sales Tax Rates and Rules report, commissioned by Vertex Inc., outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax complian
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Accounting Today
JULY 25, 2024
The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.
Going Concern
JULY 25, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Senior Tax and Accounting | Candidate ID #22044344 Certifications: CPA in process Education: BS Accounting Experience (yea
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
JULY 25, 2024
The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.
Going Concern
JULY 25, 2024
We’ve made the editorial decision not to use the PwC Chad image for this article even though that would be ironically funny. In a lawsuit filed on July 22, former PwC principal, FinTech magazine top woman in fintech, and 55-year-old Asian-American Nina Owens alleges that she was ousted from the firm one day before her five-year anniversary “that would have afforded her greater job protection and full vesting of her 401(k) account.” This despite exceeding revenue targets and hig
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JULY 25, 2024
UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.
Going Concern
JULY 25, 2024
TLDR Assurance is out, Advisory is in. CPA Journal has published an intriguing deep dive into Big 4 revenue , specifically how the firms started making more money in advisory than audit or tax in the last 10+ years. You should go read it if this is at all interesting to you but we’re just going to focus on two charts because the Going Concern audience, and its editorial team, have the attention span of squirrels that got into a case of Red Bull.
Accounting Today
JULY 25, 2024
Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases.
Xero
JULY 25, 2024
It feels like the magical two days that were Xerocon London just happened, and we’re already preparing to hit the road again for Xerocon Nashville this August! It’s the perfect time to not only meet some of the apps being exhibited at this year’s Xerocon, but hear real-life stories on how connecting apps with Xero can streamline your work and expand your possibilities.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Patriot Software
JULY 25, 2024
Tracking your employees’ time worked ensures you pay them accurately and comply with labor laws. Although you can use whatever method you want, you need a dependable and organized system, especially as your business grows. Learn how to track employee hours with time and attendance software and other alternatives. Why does tracking employee hours matter?
Insightful Accountant
JULY 25, 2024
Quarterly update highlights expansion on individual, business online accounts; Document Upload Tool hits 1 million submissions and more amended returns can be filed electronically.
CPA Practice
JULY 25, 2024
A report issued today by the Association of International Certified Professional Accountants representing AICPA & CIMA and North Carolina State University’s Enterprise Risk Management (ERM) Initiative found that 65% of senior finance leaders agree that the volume and complexity of corporate risks have changed “mostly” or “extensively” over the last five years.
Cherry Bekaert
JULY 25, 2024
Is your company and its supporting technology ready for Cybersecurity Maturity Model Certification (CMMC) 2.0 compliance? Watch our panel discussion to learn the latest on what’s happening now with CMMC: new updates, legal risk areas, data security considerations and what contractors can do in preparation. Don’t underestimate the time and resources required for compliance.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
Accounting Insight
JULY 25, 2024
From today, businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis on new Bank of England data highlighting the increase in the total amount of cash British businesses hold – nearly half a trillion pounds – but the near-to-nothing interest rate the majority of it gets.
AccountingDepartment
JULY 25, 2024
In the world of finance, the month-end-close process is akin to the grand finale of a well-orchestrated performance. Every note must be in tune, every movement precise, and any slip-ups must be corrected before the curtain falls.
Withum
JULY 25, 2024
The Research & Development (R&D) Tax Credit is one of the most lucrative tax incentives that companies can take advantage of to lower their federal and state tax liability or offset their quarterly payroll taxes (i.e., FICA, Medicare). To properly calculate the R&D tax credit, you must calculate the total amount of U.S.-based qualified research expenses your company has for the credit year.
LSLCPAs
JULY 25, 2024
Selling a home can result in a significant capital gains tax liability, but there are several ways to reduce this burden. Here are four effective strategies to minimize capital gains on the sale of your home: Qualify for the Home Sale Exemption Deduct the Purchase Cost of the Home Deduct Closing Costs and Fees from. The post 4 Ways to Reduce Capital Gains on the Sale of Your Home appeared first on LSL CPAs.
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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.
CPA Practice
JULY 25, 2024
Cloud ERP provider Acumatica has announced a new program designed to increase its reach in identifying small and mid-sized businesses that would benefit from cloud-based business management solutions. The no-cost Alliance Program , launched this week, aims to drive co-innovation for growth, foster collaboration at scale and invest in the future. By partnering with industry, technology and finance experts, Acumatica will enhance efficiency and drive operational excellence, supporting businesses a
Insightful Accountant
JULY 25, 2024
Float’s new Airwallex-powered Bill Pay product expands its leading end-to-end payment solution for Canadian businesses. Embedding Airwallex’s global infrastructure helped Float efficiently bring the product to market.
Summit CPA
JULY 25, 2024
Likely, if you’ve come across the term CFO firm , you’re a small business owner or entrepreneur looking for a trusted financial expert. In this blog post, we will help you determine what a CFO firm does, and if this type of accounting firm might be the right fit for your business.
Accounting Insight
JULY 25, 2024
Jersey based software company ClientWindow, which launched in 2023, may be relatively new but it is making significant waves in both the communications arena and in financial services, with accountants and bookkeepers especially experiencing the benefits. What’s more, it has just released a brand new feature which will have a significant impact on how teams communicate with their clients by linking WhatsApp to business email.
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.
FraudFiles
JULY 25, 2024
One of the hot things in the area of divorce, especially for high net worth clients, is using a law firm that has forensic accountants on staff. Sometimes the divorce attorneys themselves have credentials in the area of forensic accounting, such as a CPA license, CFE (Certified Fraud Examiner) credential, or CFF (Certified in Financial [.
Accounting Today
JULY 25, 2024
A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.
Insightful Accountant
JULY 25, 2024
Murph looks at the enhancements to QuickBooks Online that resulted from Intuit's acquisition of TradeGecko.
CPA Practice
JULY 25, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, take a look at Canopy , a firm-wide operating system that let’s you do the same amount of work you have today, with the talent you have, but in less time, with less stress, and while creating better client experiences. Use the video player below to watch, or the podcast player below to listen to the podcast.
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
CPA Practice
JULY 25, 2024
Thanks to the funding it received from the Inflation Reduction Act, the IRS said it has continued to make significant enhancements to online taxpayer services, including adding six new features to the Individual Online Account, a Spanish version of the Business Tax Account tool, and more amended business forms that can be filed electronically, the agency said on July 25.
CPA Practice
JULY 25, 2024
IRS Commissioner Danny Werfel told reporters on July 24 that he’s “fairly optimistic” a recent Supreme Court decision won’t deter future efforts by the agency to provide improved services for taxpayers. Last month, the Supreme Court gave judges more power to block new regulations if they are not clearly authorized by federal law. The court’s conservative majority on June 28 overturned a 40-year-old rule, known as the Chevron doctrine , that said judges should defer to agencies and their regulati
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