Accounting Insight

SEPTEMBER 20, 2022

Is your accounting software having a laugh at your expense? Prudence is more than a mantra. It’s the deep devotion that underpins the entire finance function. And yet thousands of organisations are using accounting software that undermines this fundamental credo. No-one is implying that finance departments are being profligate. Far from it. Nor is one suggesting that the software at the very heart of their work is betraying them (though some of the more idiosyncratic systems may sometimes feel l

accounting software 75

accounting software Account accounted accountant 75

Menzies

SEPTEMBER 21, 2022

Menzies LLP - A leading chartered accountancy firm. As an employer you will have many responsibilities and the question of whether you should outsource your payroll may have crossed your mind. At first glance it seems that payroll is a simple task that you can handle without help. However, there are many complexities and compliance issues that need to be considered alongside day-to-day processing.

payroll 52

payroll chartered accountant accounting firms Technology 52

AccountingDepartment

SEPTEMBER 21, 2022

Getting paid quickly by your customers is what helps enable more cash flow for your business. But getting customers to make payments quickly has become a challenge for many. Delaying payments has become a growing trend that started well before the COVID pandemic.

NetSuite 84

NetSuite accountant accounted Account 84

Accounting Today

SEPTEMBER 19, 2022

Account 98

Account accounted accountant 98

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

RogerRossmeisl

SEPTEMBER 19, 2022

Summer can bring extreme weather, including floods, droughts, wildfires, tornadoes and hurricanes. These natural disasters and other crises can interrupt normal business operations, causing significant financial losses. If disaster strikes, a business interruption insurance policy can allow you to recoup lost profits, repair damaged assets and cover other incremental expenses.

CPA 166

CPA cpa firm 166

Snyder

SEPTEMBER 19, 2022

From e-commerce stores to SaaS startups, businesses need to receive payments from customers , and payment gateways are one of the most common ways to do this. There are many options for collecting money online – credit cards, Buy Now Pay Later cards, or PayPal, just to name a few. However, not all payment gateways are the same. What you need may depend on your business’s size and needs.

E-commerce 98

E-commerce accounting software Technology Start-ups 98

Patriot Software

SEPTEMBER 20, 2022

When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting. You should understand accounting for sales tax to maintain organized and accurate […] READ MORE.

accounting basics 88

accounting basics tax accountant Sales Tax 88

FraudFiles

SEPTEMBER 23, 2022

What kinds of companies are more prone to fraud? In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in progress, and the kind that puts a company at greater risk of fraud. In this video, I talk about a few of the characteristics of companies that seem to put companies in greater danger of becoming a victim of fraud by employees.

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Snyder

SEPTEMBER 21, 2022

For many people, forecasting sounds like something connected with weather prediction or fortune telling. Surprisingly, financial forecasting isn’t that far off. After all, businesses use it to predict their future performance, taking into consideration potential clouds on the horizon and thinking through steps to avoid getting into a thunderstorm. The difference is that businesses won’t need any crystal balls or magic potions to forecast – they’ll use their business data instead, which is an eve

financial statements 52

financial statements accounting and finance Finance Sales 52

TaxConnex

SEPTEMBER 20, 2022

The sales tax audit can be one of the scariest – and costliest -- things an online business ever goes through. If you do get hit with an audit, it’s critical to handle the process correctly. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here). This blog will conclude our top 10 list with a look at 5 missteps to avoid when handling and resolving the audit.

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audit Sales auditor Tax 246

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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.

Technology

RogerRossmeisl

SEPTEMBER 19, 2022

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund. Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

income tax 211

income tax Tax tax return CPA 211

BurklandAssociates

SEPTEMBER 22, 2022

FP&A helps startups scale by leveraging the company’s data for decision making, including data that may be hidden beneath the surface. The post How Does FP&A Help Startups Scale? appeared first on Burkland.

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accountant accounted Account 147

Accounting Today

SEPTEMBER 22, 2022

Tax 133

Tax 133

TaxConnex

SEPTEMBER 22, 2022

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Virtual reality. Sales tax on digital products was the subject of a white paper draft at the Multistate Tax Commission’s annual meetings in Anchorage, Alaska. The purpose of the project: help states develop a simpler and more adaptable approach to taxation of digital products.

Sales 130

Sales Tax Indiana Colorado 130

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

RogerRossmeisl

SEPTEMBER 19, 2022

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic rules Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report the information about offers of health coverage and enrollment in health coverage for their employees.

CPA 204

CPA business tax Tax 204

Withum

SEPTEMBER 22, 2022

The IRS recently issued a chief counsel advice memorandum (CCA 202237010 (Aug. 19, 2022)) addressing the proper treatment of improperly forgiven PPP loans. The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness.

Tax 125

Tax payroll audit tax services 125

Accounting Today

SEPTEMBER 22, 2022

Colorado 132

Colorado Tax Technology 132

Going Concern

SEPTEMBER 20, 2022

Because of the three people pictured in this row on an airplane, only one of them is the current Treasury secretary of the United States. And it looks like Janet Yellen is doing a little light reading on this flight: Surely you guys can come up with a better photo caption than James did on LinkedIn, and you all can definitely come up with something WAY more creative than we could.

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Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

RogerRossmeisl

SEPTEMBER 19, 2022

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals. Non-business energy property Before the IRA was enacted, you were allowed a personal tax credit for certain non-business energy property expenses.

CPA 195

CPA Tax 195

Withum

SEPTEMBER 22, 2022

There are too many distractions that divert our energies from what is really important to us. We have limited time, and we all have too much to do and too much that we want to do. Yet, we move from one distraction to another without any thought. I refer to all background distractions as “Noise.” The distractions take many forms. Interruptions by others, a text, an email, a phone call or even a “breaking news” alert on our smartphones.

Start-ups 115

Start-ups Gaming CPA Tax 115

Accounting Today

SEPTEMBER 22, 2022

accountant 124

accountant accounted Account 124

xendoo

SEPTEMBER 19, 2022

For the most part, business travel expenses are tax deductible, meaning that you could lower the amount of taxes you need to pay. . When it comes to tax-write offs for travel, the IRS provides specific guidelines around what you can claim. Mainly, your trip needs to be primarily for business purposes. However, there is some wiggle room to get a little vacation time in during a business trip that qualifies as a travel expense. .

Entertainment 105

Entertainment Transportation Tax tax return 105

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

RogerRossmeisl

SEPTEMBER 19, 2022

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment. When are the payments due?

Tax 130

Tax CPA 130

Withum

SEPTEMBER 23, 2022

Explore Other Episodes. The post Shifting the Tree With Virginia Essandoh of Ballard Spahr appeared first on Withum.

Virginia 111

Virginia 111

Accounting Today

SEPTEMBER 21, 2022

Tax 122

Tax 122

Intuitive Accountant

SEPTEMBER 21, 2022

Murph tries to pick a few of new or enhanced Desktop features each year as his favorites—with an explanation of why. This year was a little hearder, mainly because he liked them all—some more than others.

quickbooks 105

quickbooks Maine 105

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

Going Concern

SEPTEMBER 23, 2022

The post Friday Footnotes: Accounting Salaries on the Rise; PwC Sets a Record; Succession Suggestions? | 9.23.22 appeared first on Going Concern.

accountant salary 98

accountant salary Account accounted accountant 98

Snyder

SEPTEMBER 23, 2022

According to the International Chamber of Commerce ( ICC ): FOB means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. However, there are two terms in shipping that can’t be mixed up: the FOB shipping point (or the FOB origin) and the FOB destination.

Transportation 98

Transportation Sales Start-ups Legal 98

Accounting Today

SEPTEMBER 20, 2022

tax planning 119

tax planning Tax 119

Intuitive Accountant

SEPTEMBER 23, 2022

Coincidental with the general release of QuickBooks Desktop 2023 on September 20 is new messaging about Migrating to QuickBooks Online.

quickbooks 105

quickbooks 105

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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.