Fri.Oct 04, 2024

article thumbnail

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.

Finance 59
article thumbnail

50 years in accounting

Accounting Today

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

Account 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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

Alaska 126
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

A critical election for tax

Accounting Today

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

Tax 124
article thumbnail

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?

Account 105

More Trending

article thumbnail

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.

article thumbnail

Friendly Reminder That Sharing Your Salary Data is Not Only Legal, It’s Encouraged

Going Concern

Someone on r/accounting is saying their Master’s program received this ridiculous email discouraging students from sharing their salaries and suggesting that a salary spreadsheet shared among classmates is equivalent to spreading around confidential client information. There is no appropriate reaction to this other than “bruh.” Text: It has come to our attention that a “student-generated salary transparency spreadsheet” is being circulated, which may contain confide

Legal 78
article thumbnail

Whitman launches talent and profit solutions

Accounting Today

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

72
article thumbnail

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.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

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.

72
article thumbnail

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.

Account 52
article thumbnail

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.

article thumbnail

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).

payroll 52
article thumbnail

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

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.

Tax 102