Accounting Today
APRIL 15, 2024
The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.
Accounting Department
APRIL 11, 2024
As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors. The complexities of managing sales tax compliance can be overwhelming for smaller businesses, especially when juggling various omnichannel strategies to handle their financial operations.
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Xero
APRIL 9, 2024
If you or your clients are looking for ways to grow profits, drop prices or pay staff more, then one strategy is to lift productivity in your business. But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity? Small business productivity is the measure of how much value a business can produce using the resources it has at its disposal (ie staff, capital, materials).
FinOps Foundation
APRIL 12, 2024
Key Insight: FinOps success results from getting FinOps practitioners, product teams, and engineers to think cost-first with architectural decisions, and that starts with clean, reliable data. One of Tim’s biggest challenges is bringing so much data together for analysis. Walmart built a data lake where they store several years of raw data in object storage so they can go back and re-parse it in different ways.
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
Ascend Software blog
APRIL 10, 2024
Ascend Software, a certified Workday Financial Management partner and leading innovator in Accounts Payable Automation, is launching its latest offering, Ascend Payments. This new feature enables businesses to streamline payment processes, enhance operational efficiency, unlock significant cost savings, and turn supplier payments into revenue-generating opportunities.
Accounting Today
APRIL 11, 2024
The Institute of Management Accountants is examining the possibilities of artificial intelligence in the accounting profession while undergoing staff cutbacks.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Fidesic blog
APRIL 9, 2024
In this blog post we will tell you what JustPay is, who it's for and how it can help you improve your accounting department.
Counto
APRIL 15, 2024
CPF Guide for Employers in Singapore At Counto, we understand that as a small business owner or entrepreneur in Singapore, navigating the complexities of the Central Provident Fund (CPF) contributions for your employees can be a daunting task. It’s crucial to get it right, not only to comply with the law but to ensure the financial well-being of your employees.
Insightful Accountant
APRIL 10, 2024
Accounting profession faces staffing shortages due to fewer graduates and an aging workforce. 42% of firms turn away work, 24% near burnout. First-time CPA exam candidates dropped by 33% from 2016 to 2021.
Accounting Today
APRIL 9, 2024
At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Enterprise Recovery
APRIL 10, 2024
Is your business struggling with unpaid invoices or clients not paying on time? Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business. Learn how to effectively prepare your business for working with a debt collection agency to recover outstanding payments.
Accounting Tools
APRIL 14, 2024
What is a Ghost Employee? A ghost employee is a person who is on an employer's payroll , but who does not actually work for the company. Someone in the payroll department creates and maintains a ghost employee in the payroll system, and then intercepts and cashes the paychecks intended for this person. How to Create a Ghost Employee There are several ways to create a ghost employee.
Counto
APRIL 10, 2024
Startup Tax Exemptions: Unlocking Savings with Expert Strategies and Real Examples At Counto, we’re not just about numbers; we’re about making the complex world of taxes simpler for you. Today, we’ll have a closer look at startup tax exemptions, an essential piece of knowledge for every new business owner and entrepreneur. Startup Tax Exemption Scheme (SUTE) with Example Eligible for startups in their first three consecutive tax returns, the Tax Exemption Scheme for startups signific
Insightful Accountant
APRIL 11, 2024
Taxpayers who can't pay their tax bill by the April 15, 2024, deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations.
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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.
Accounting Today
APRIL 10, 2024
Plus, Google is making massive changes to Chrome, AI-powered tax chatbots aren't performing well, and seven other things that happened in technology this past month.
Ace Cloud Hosting
APRIL 15, 2024
In today’s world, every organization plans to increase work flexibility by integrating a “work from home” or hybrid model in their business process. According to Forbes, in 2023, around 12.7%.
Economize
APRIL 15, 2024
Microsoft Entra is a comprehensive identity and access management solution designed to address the complexities of securing enterprise environments in the cloud era. With its framework, Entra enables businesses to efficiently manage who has access to their systems and data across various platforms, ensuring secure and streamlined operations.
Bookkeeping Essentials
APRIL 15, 2024
A new Canadian bookkeeping compliance resource. Bookkeeping-Essentials.ca extends an invitation to small business owners in Canada to explore this new resource.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Insightful Accountant
APRIL 11, 2024
The 'far west' was the only geographic region to suffer a negative net change in employment in March. Wholesale and Construction led the way in net job growth among all employment sectors during the same period.
Accounting Today
APRIL 10, 2024
The board imposed its largest-ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines.
Accounting Tools
APRIL 9, 2024
What are Other Assets? Other assets is a grouping of accounts that is listed as a separate line item in the assets section of the balance sheet. This line item contains minor assets that do not naturally fit into any of the main asset categories, such as current assets or fixed assets. Examples of Other Assets There are several types of assets that can be included in the Other Assets classification.
oAppsNet
APRIL 15, 2024
In the dynamic landscape of corporate finance, the role of accounts payable (AP) professionals are evolving rapidly. As we enter 2024, technological advancements, changing business practices, and shifting market dynamics reshape the responsibilities and expectations placed on AP professionals. In this comprehensive article, we’ll explore nine critical ways in which the role of AP professionals is expected to change in 2024 and the implications for individuals and organizations alike. 1.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
Counto
APRIL 15, 2024
Choosing the Best Business Structure for Freelancers and Self-Employed Professionals in Singapore At Counto, we know that setting up your business correctly is crucial, especially for freelancers and self-employed professionals looking to establish themselves in Singapore. The business structure you choose has significant implications for your liability, tax obligations, and ability to attract investment.
Insightful Accountant
APRIL 10, 2024
Hotel Equities to implement NetSuite to help optimize business processes and improve visibility across its growing portfolio.
Accounting Today
APRIL 12, 2024
CohnReznick launches new digital advisory practice; Kruze Consulting and KPMG separately release CEO reports; and more news from across the profession.
Plooto
APRIL 15, 2024
Tax season can be extremely intimidating for small business owners. The weighty task of sorting through a year's worth of financial transactions, ensuring accuracy, and meeting deadlines — all while continuing to day-to-day operations — can be stressful enough.
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Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.
Nanonets
APRIL 14, 2024
As one of the premiere ERP solutions for growing businesses, Sage Intacct has become the go-to for leaders looking to scale. With AI-driven accounting capabilities, HR modules, payroll features, and a wide range of integrations, Sage Intacct supports businesses' needs today while helping them prepare for the future. On its own, Sage Intacct is a powerful tool, but with the long list of integrations on the Sage Intacct Marketplace, it transforms into something even more magnificent.
Jetpack Workflow
APRIL 11, 2024
Podcast Summary On this episode of Growing Your Firm, host David Cristello interviews Daniel Hood , the editor-in-chief of Accounting Today. With over two decades of experience in the industry, Daniel shares insights into the evolving trends in accounting firms and the push for advisory services. Tune in to gain a deeper understanding of the future of accounting and the role of technology in shaping the industry.
Insightful Accountant
APRIL 9, 2024
New QuickBooks Online Payroll feature lets you quickly create and assign payroll items to multiple employees.
Accounting Today
APRIL 9, 2024
The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.
Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase
ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.
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