Insightful Accountant

NOVEMBER 14, 2023

In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond. Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms.

Tax 52

Tax Accounting Accounting 52

Economize

NOVEMBER 15, 2023

GCP users, from seasoned cloud architects to beginner cloud engineers, often face the task of choosing between two powerful NoSQL databases: Cloud Datastore and Cloud Bigtable. This article is designed to highlight the key differences between […]

Computation 52

Computation 52

Counto

MAY 3, 2024

Seasonal Cycles: Industries with clear operational peaks and troughs, like retail or tourism, may benefit from setting an FYE right after the busy season ends. This timing facilitates easier inventory management and financial assessment post-peak season. Experience a smarter way to outsource your accounting with confidence.

Financial Reporting 52

Financial Reporting AR Accruals Tax 52

Accounting Tools

SEPTEMBER 6, 2023

Seasonality. A company's sales may be subject to a considerable amount of seasonality. If so, an annual run rate that is based on the peak part of the season will not be achievable. Related Articles Marginal Analysis Organic Growth Sustainable Growth Rate Unprofitable Products Analysis

Budgeting 75

Budgeting Financial Analysis Accounting Accounting 75

Xero

MARCH 10, 2024

In this article, we delve into these updates and provide four steps to help navigate the upcoming year-end period seamlessly, with Xero Payroll. Whether you’re a seasoned payroll manager or new to this all, arming yourself with this knowledge will be instrumental to maintaining accuracy and efficiency within your payroll operations.

Payroll 178

Payroll XERO Reconciling Tax 178

Accounting Tools

MARCH 2, 2024

Causes of Excess Capacity An excess capacity situation can arise during the low point in a seasonal industry, where capacity is maintained to match the peak part of the season. Related AccountingTools Courses Constraint Management Operations Management Related Articles Budgeted Capacity Sprint Capacity Types of Capacity

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Budgeting 40

Intuit

NOVEMBER 20, 2023

That’s what we will discuss in this article. Tax Associate (Remote/Seasonal) Minimum of 2 years of paid tax preparation experience, with a minimum of 30 tax returns per tax year required. If you have the Intuit Academy Tax Level 1 badge, then you only need 1 year of paid tax prep experience with 30 tax returns per season.

CPA 130

CPA Bookkeeping QuickBooks Tax 130

Accounting Tools

OCTOBER 25, 2023

Seasonality Differences The revenues generated by a business may be significantly impacted by seasonality. Related Articles Interim Period Interim Reporting These issues can make the results and financial positions contained within interim periods appear to be somewhat inconsistent, when reviewed on a comparative basis.

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Accounting Tools

JUNE 17, 2023

Related Courses Corporate Finance Investor Relations Guidebook Public Company Accounting and Finance What is a Seasoned Issue? A seasoned issue is an additional security issuance for which there is already an established secondary market. Additional share offerings by blue-chip companies are considered to be seasoned issuances.

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

APRIL 17, 2024

For example, there may be a residue of harvested crops in the fields that is not cleared until the start of the next growing season. Related AccountingTools Courses Accounting for Vineyards and Wineries Agricultural Accounting Related Article Accounting for Crops These costs should be accrued and allocated to the harvested crop.

Accounting 40

Accounting Accounting 40

Accounting Tools

APRIL 9, 2024

Example of a Write-Down Dude Skis manufacturers 10,000 fat powder skis for the upcoming ski season, each of which costs it $200 to produce. By the end of the selling season, which is January, Dude still has 7,000 fat powder skis in inventory. Related Article How to Write Off a Fixed Asset

Auditing 40

Auditing Accounting Accounting 40

Xero

MARCH 18, 2024

To see the latest changes check out this article – setting up your organisation’s financial settings. For instance, if your clients work in seasonal industries such as farming, they may choose to keep a September accounting date because this is their quietest period. The start date for Basis Period Reform is fast approaching.

XERO 173

XERO Tax Bookkeeping Billing 173

Counto

FEBRUARY 17, 2024

Save Resources for Growth: Outsourcing compliance-related tasks to registered filing agents allows businesses to focus on core objectives while entrusting statutory obligations to seasoned professionals. Businesses requiring comprehensive compliance management will benefit from seasoned professional expertise.

Payroll 52

Payroll Accounting Accounting 52

Accounting Tools

DECEMBER 22, 2023

Consequently, a business with seasonal sales might not be able to derive a level of normal activity. It can be difficult to arrive at a normal activity level in situations where the level of customer demand varies in an unpredictable manner.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

JANUARY 18, 2024

Retail organizations routinely end their fiscal years on January 31, in order to include all residual transactions from their peak Christmas selling season in December. Another firm’s fiscal year begins on April 1 and ends on March 31.

Financial Statements 40

Financial Statements Financial Analysis Auditing Budgeting 40

Counto

MARCH 27, 2024

Whether you’re a newcomer or a seasoned online seller, these expert tips will guide you through the process of increasing your sales on Amazon effectively. Analyse best-selling items on Amazon, consider pricing, reviews, seasonality, and your target audience’s preferences.

Customer Service 52

Customer Service Budgeting Tax Accounting 52

accountingfly

SEPTEMBER 27, 2023

That may seem like a shocking statement especially since we just saw an article in Accounting Today that said 1% of firm representatives believe they can find qualified talent right now. Below are our top four tips to fully staff your firm by tax season. This means hiring in the summer as busy season ends.

CPA 105

CPA Tax Budgeting Bookkeeping 105

Counto

JANUARY 27, 2024

Navigating the intricacies of setting up a company in Singapore requires the expertise of a seasoned company secretary. In this article, we explore the invaluable role of a company secretary with a strong background in taxation, ensuring your company formation is a smooth and successful journey.

Tax 52

Tax 52

Accounting Tools

OCTOBER 14, 2023

Related Articles Listing on a Stock Exchange Registration Statement Seasoned Issue Shelf Registrations The Initial Public Offering In the absence of a stock registration, shares sold to investors cannot be re-sold to third parties, except on a limited basis under the SEC's Rule 144.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 40

Accounting Tools

MAY 7, 2024

Any one period may vary from the normal operating results of a business, perhaps due to a sudden spike in sales or seasonality effects. It is better to view a large number of consecutive financial statements to gain a better view of ongoing results.

Financial Statements 75

Financial Statements Auditing Accounting Accounting 75

Accounting Tools

APRIL 9, 2024

Related AccountingTools Courses Auditing State and Local Governments Governmental Accounting Example of a Reserve for Encumbrances The City of Parched sets aside $2 million in funds for its storm water management department, which has the formidable task of collecting as much groundwater as possible to hold in reserve for the city’s dry season.

Purchase Order 40

Purchase Order Collections Accounts Payable Accounts Payable 40

Counto

APRIL 10, 2024

At Counto, our seasoned tax specialists are committed to guiding you through every step of this journey, ensuring your entrepreneurial dream thrives in the bustling economic landscape. Summary When you’re just starting, every dollar saved is a dollar earned.

Tax 98

Tax Corporation Tax Bookkeeping Accounting 98

Counto

MAY 2, 2024

Consultation with a seasoned tax service provider is recommended to navigate the complexities of FATCA compliance effectively. For small businesses and entrepreneurs, particularly those in financial services or dealing with U.S. clients, understanding and complying with FATCA is essential to avoid penalties and ensure smooth operations.

Tax 52

Tax Accounting Accounting Corporation Tax 52

Accounting Tools

AUGUST 7, 2023

For example, the price of lawn mowers is high as the summer season approaches, since this is when demand spikes. Once the summer season is over, prices decline because there is little demand and sellers want to clear out their excess inventories. Related Articles Pricing Strategies Variable Cost-Plus Pricing

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Accounting Tools

OCTOBER 20, 2023

Seasonality If a company sells most of its goods at one time of the year, it may need to build its inventory asset in advance of the selling season. Related Articles How to Operate with Zero Working Capital What Causes a Change in Working Capital?

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Accounting 40

Counto

MAY 8, 2024

Our team of seasoned compliance professionals expertly handles everything from company registration to tax filing at unbeatable rates. GST Registration: Register for GST if your annual revenue is expected to exceed S$1 million. ~ At Counto, we prioritise your savings and efficiency over hefty fees.

Financial Accounting 52

Financial Accounting Tax Accounting Accounting 52

Accounting Tools

AUGUST 29, 2023

An interim audit also helps the auditors , who now have more time available during their peak audit season to engage in activities for more clients. Related Articles Audit Procedures External Audit Financial Audit Limited Audit Pre-Audit The Purpose of an Audit

Auditing 40

Auditing Financial Statements 40

Cloud Accounting Podcast

FEBRUARY 3, 2023

Recession needed to increase accounting grads; Amber Setter on improving the CPA pipeline; 2023 tax season officially starts; tech layoffs hit accounting tech Sponsors Keeper - [link] LiveFlow - [link] Anchor - [link] Need CPE?

Accounting 52

Accounting Accounting QuickBooks XERO 52

MineralTree

FEBRUARY 23, 2023

For example, consider a company that sells seasonal products. The company’s financial model may assume that sales will be higher during the holiday season and lower during the rest of the year. IBM noted in its seasonal forecast that a warmer winter could impact consumer spending habits.

AP 88

AP AR Data Entry Invoicing 88

Accounting Tools

AUGUST 7, 2023

Related Articles Form S-3 Piggyback Registration Prospectus Seasoned Issue Stock Registration The Initial Public Offering The form typically used for a registration is the Form S-1, though a larger entity can file the shorter Form S-3 instead. A Form S-1 is usually filed with the SEC prior to an initial public offering.

Accounting 40

Accounting Accounting 40

Accounting Tools

OCTOBER 20, 2023

They are most commonly used by businesses that experience highly seasonal sales, where the activity level spikes over a few months. They use the money to rapidly expand operations during the peak season. These loans typically have a short life, with repayment required within a few months. How Risky Are Working Capital Loans?

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Financial Statements 40

Counto

MAY 4, 2024

Our team of seasoned compliance professionals expertly handles everything from company registration to tax filing at unbeatable rates. At Counto, we prioritise your savings and efficiency over hefty fees. Speak to us directly on our chatbot, email us at hello@mycounto.com, or contact us using this form.

Tax 52

Tax Accounting Accounting 52

Counto

MAY 4, 2024

Our team of seasoned compliance professionals expertly handles everything from company registration to tax filing at unbeatable rates. At Counto, we prioritise your savings and efficiency over hefty fees. Speak to us directly on our chatbot, email us at hello@mycounto.com, or contact us using this form.

Financial Services 52

Financial Services Tax Accounting Accounting 52

Counto

MAY 9, 2024

Our team of seasoned compliance professionals expertly handles everything from company registration to tax filing at unbeatable rates. Business Name: Ensure your business name is unique and resonates with your retail brand. ACRA will need to approve it during registration. ~ Discover more about our cost-effective incorporation packages here.

Budgeting Manager 52

Budgeting Manager Tax Budgeting Accounting 52

Jetpack Workflow

MARCH 20, 2024

However, realizing what this means for your team’s workload during the accounting year’s busiest season may be equally daunting. In this article, we explore the primary tax workflow areas that are ideal targets for automation and provide practical suggestions to help you get started. Examples for Receive and Confirm 1.

Tax 52

Tax Collections Accounting Software XERO 52

Billah and Associates

NOVEMBER 25, 2021

Indeed, tax season is an overwhelming time for both the taxpayers and bookkeepers who help in planning for the season. It doesn’t matter how much readiness you have achieved before the tax season, you are in any case going to be troubled and stressed. It is, in any case, a fundamental piece of maintaining a business.

Corporation Tax 52

Corporation Tax Accounting Accounting Bookkeeping 52

Accounting Tools

APRIL 17, 2024

For example, there may be a residue of harvested crops in the fields that is not cleared until the start of the next growing season. This results in the following journal entry, which reduces the value of the crop asset and the amount of recognized revenue: Related Article Agricultural Cooperative

Accounting 40

Accounting Accounting 40