Fri.Oct 04, 2024

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How to Unlock Worker Productivity in Finance and Beyond

CPA Practice

By Christopher Juneau. In today’s business landscape, the finance team is the unsung hero behind every successful company. They crunch numbers, provide vital insights, and guide strategic decision-making that keeps everything running smoothly. However, the growing demands, increasing complexities, and rapid innovation that organizations are experiencing today can make staying productive a real challenge for even the strongest finance team.

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How to Correct Errors on Your Individual or Business Tax Return

MyIRSRelief

Filing taxes can be a daunting task, whether you are an individual or a business owner. Despite your best efforts, errors can occur, leading to potential complications with the IRS. This article will guide you through the process of correcting errors on your tax return, provide instructions on filing amended returns , highlight common mistakes to avoid, and explain how our tax firm can professionally assist you.

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IRS Expands Free File to 24 States

CPA Practice

The Internal Revenue Service says its Direct File program has added 12 new states and will be available for the 2025 tax filing season. It now has double the number of states than last year’s pilot, and the agency says it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service. State and eligibility expansion For the 2025 tax filing season, eligible taxpayers in 24 states will be able to use Direct File: 12 states that were

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Overcoming Solo Contractor Challenges: How MAP Can Simplify Operations

Randal DeHart

Does this sound like you? Maybe you started your company with a few friends and relatives as your earliest clients, and you thought your overhead expenses would be low since you worked out of your home. You made a decent living for yourself, hired a few sub-contractors per project, paid your suppliers, and earned a profit—at least that is what your tax preparer said.

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

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.

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IT Best Practices Checklist to Follow IRS Guidelines When Offshoring Accounting Staff

CPA Practice

Offshoring accounting staff can be a cost-effective and strategic way for US-based businesses to access global talent, improve efficiency, and expand their market reach. However, offshoring also comes with challenges and risks, especially regarding IT security and tax compliance. And what better time to review that than Cybersecurity Awareness Month?

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A critical election for tax

Accounting Today

Between sunsetting provisions, wealth tax proposals and much more, Nov. 5 will have serious consequences in tax.

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50 years in accounting

Accounting Today

After a half-century at his firm, David Politziner says accounting is still all about relationships.

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Staying Connected: The Key to Maintaining Supplier Trust in Disrupted Supply Chains

Accounting Insight

This year, the global supply chain landscape has experienced unprecedented disruption, driven by geopolitical tensions, economic instability, and environmental challenges. Research from Ivalua reveals that 60% of organisations say that supply chains are more fragile than ever. As businesses navigate this turbulent environment, maintaining robust and resilient relationships with suppliers has become critical.

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Rethink pricing and transform the employee experience

Accounting Today

Nobody became an accountant to track their time in 10-minute increments or spend time filling out timesheets.

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APP Academy featuring Xero

Insightful Accountant

Xero recently showcased their powerful cloud-based accounting platform at the Future Forward App Academy, emphasizing their role as a strategic partner for small businesses and their advisors.

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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.

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Tech news: Jirav rolls out Jirav Intelligent Forecasting

Accounting Today

Jirav rolls out Jirav Intelligent Forecasting; Sovos launches Indirect Tax Suite for SAP; Avalara launches AI-based tariff classification code solution; and other accounting tech news.

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A Guide To Payroll Deductions for Employees and Employers

Ronika Khanna CPA,CA

Before I started my own business, and despite my accounting background, I would receive a paycheque without really questioning or understanding the deductions. I simply had a sense that the deductions were very high and that my net pay was much too low compared to my gross pay. Once, I ventured into the arena of small business accounting, however, I had to learn how to create a paycheque and the accompanying year end slips (T4s and RL1).

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On the move: Brady Martz installs new CEO

Accounting Today

Plus, FICPA names a new CGO; ConvergenceCoaching wants you to Streak; PwC gets ready for the holidays; and other firm and personnel news.

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Friday Footnotes: Intuit Pisses Off Tax Practitioners; Deloitte Won’t Talk About Tax Dodging; Whatcha Up To, KPMG? | 10.4.24

Going Concern

News PayPal Completes Its First Business Transaction Using Stablecoin [ Bloomberg ] They paid an EY invoice LOL PayPal Holdings Inc. completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions. PayPal paid an invoice to Ernst & Young LLP on Sept. 23 using PYUSD, the stablecoin the firm launched last year, relying on an SAP SE platform to complete the transaction.

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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.

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Whitman launches talent and profit solutions

Accounting Today

Whitman Transition Advisors launched two new teams focused on talent solutions and profit strategies.

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