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These apps bring key capabilities into the Xero platform, to simplify your year-end workflows, payroll and compliance. Complete year-end compliance work faster with Caseware Caseware is a Canadian-born, global provider of audit, financial reporting and data analytics solutions for accountants and bookkeepers.
In the months ahead, Intuit plans to debut more AI agents for larger growing businesses to tackle more complex tasks: Payroll Agent: Proactively collects time and attendance data from employees and runs payroll when needed.
Certifications cover a range of topics, from mastering payroll essentials and becoming proficient in the ADP Accountant Connect SM platform to innovative selling strategies. It also provides a free, complete platform for payroll, tax, HR and data-driven insights.
Paylocity announces Paylocity for Finance product bohlam - stock.adobe.com Payroll, HR and spend management solutions provider Paylocity introduced its Paylocity for Finance solution, intended to bring finance and HR teams together through a unified system grounded in the employee record.
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After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. million payroll tax scheme. Bui anticipated that the transactions would be audited.
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EAs are qualified to focus on tasks like tax collections, tax audits, and tax appeals. CPAs, or certified public accountants, are licensed professionals who offer a wide range of financial services, including tax preparation and planning, auditing, financial accounting, and consulting. What is a certified public accountant (CPA)?
By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. economy surged from 10% in the fall to 44% today, according to a Center for Audit Quality report. PA, based in the Charlotte metropolitan region, effective July 1.
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Quarterly payroll and excise tax returns normally due on July 31 and Oct. The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. Quarterly estimated income tax payments normally due on Sept. 15, 2025, and Jan. 31, 2025, and Jan.
The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies.
Paychex releases accountant portal Payroll and HR solutions provider Paychex announced Paychex Partner Pro , a portal designed to provide accountants with quick access to critical client data, reporting and insights for their business clients that use Paychex Flex.
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and Australia, as well as the three "super jobs" of core accounting, accounts payable and receivable, and payroll. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m. Cassidy last year said this refers to Xeros three largest market opportunities of the U.S., growth ambitions.
Blockchain and secure e-signature tools streamline audits and reduce legal risks. Blockchain for transparency and audit integrity The blockchain has graduated from buzzword status and is now one of the most powerful accounting innovations firms can use to strengthen trust. This technology matters, especially for audits and compliance.
Common scenarios include: Independent Contractors and Freelancers : If you work as self-employed or provide services to a business without being on their payroll, youll likely need to complete a W-9 form. Record Keeping : Businesses must retain W-9 forms for several years to ensure they can address any future audits or disputes.
You’ll wonder why your “profitable” business can’t make the payroll. If you choose incorrectly, youll risk audits, penalties, and the administrative nightmare of switching methods mid-year. Potential audit red flags Inconsistent application of hybrid accounting principles can trigger IRS scrutiny.
Ben Richmond, managing director for small business platform Xero in North America, announced he is leaving the company and joining Wagepoint a SaaS payroll provider in Canada, as president, CEO and member of the board. He said Xero North America is in great hands with Andrew Kanzer , who will be the new managing director.
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The following March, again working with the associate, Liptrot caused the submission of a false and fraudulent second-draw PPP application for Liptrots, falsely claiming that the company had an average monthly payroll of $43,369 and including a fraudulent 944 claiming that Liptrots paid $496,428 in wages and other compensation in 2020.
You are behind in your taxes or are facing an audit. We provide accounting, tax preparation, bookkeeping, and payroll services to small business owners in Southeast Wisconsin, including Milwaukee, Greenfield, New Berlin, Muskego, West Allis & Waukesha. You need assistance with tax planning strategies.
You must also cover benefits, payroll taxes, office space, equipment, software licenses, and ongoing training. These typically include advanced encryption, secure cloud storage, regular security audits, and strict access controls. Here are the top six benefits every business owner must know about.
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AI-driven cash flow forecasting solves this by: Consolidating multi-source data – AI pulls from invoices, payroll, CRM, and banking data to present a unified financial picture. This audit lays the foundation for automation. Step 4: Ensure Data Integration Connect your ERP, CRM, bank feeds, A/R/A/P platforms, and payroll systems.
Tax planning, payroll, sales tax compliance, and financial forecasting require more than just data entrythey need expertise. Without a clear understanding of how much is coming inand whenyou cant plan for payroll, growth, or emergencies. Not Working With a Professional When Needed Bookkeeping might seem manageable at first.
Once a tax return has been filed, the IRS has three years to audit the return or assess taxes. If fraud is involved, the IRS can go back six years to audit the return. Manage payroll correctly. However, a business only has three years after the original filing deadline to request a refund. Keep accurate records.
Penalties on payroll and excise tax deposits due on or after March 14 and before April 10 in Mississippi will be abated as long as the tax deposits were made by April 10. In Texas, penalties on payroll and excise tax deposits due on or after March 26 and before April 10 will be abated as long as the tax deposits were made by April 10.
These records are necessary for your GST returns and will be required in case of an audit. Keep Accurate Records : Its essential to maintain accurate records of all GST -related transactions, including receipts, invoices, and financial statements.
From the fourth quarter of 2018 through the fourth quarter of 2020, she collected and withheld taxes from her employees wages but did not pay the funds over to the IRS or file quarterly payroll tax returns. Leard used funds in her business bank account to purchase approximately $3.5 million worth of real estate, which was titled in her name.
Good documentation is crucial for tax deductions and audits. Processing Payroll: Ensuring employees and contractors are paid accurately and on time, and withholding the appropriate taxes. Payroll compliance is essential to avoid penalties. Tracking Expenses and Income: Monitoring all incoming revenue and outgoing expenses.
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From bookkeeping and tax compliance to payroll management and business consulting, accounting firms combine expert teams with cutting-edge technology to offer comprehensive, end-to-end solutions that can scale as your business grows. You dont need to manage multiple service providerseverything you need is taken care of by a team of experts.
Storing digital copies of invoices and receipts, and categorising business expenses systematically, reduces errors in tax reporting, prevents penalties for incorrect filings, and simplifies the audit process if required. Chat with us now, email hello@mycounto.com or use our contact form.
The need for outsourced services, especially in complex areas of finance, payroll, human resources, tax, fund administration and nonprofit strategic development outsourcing, is only growing, and this combination allows us to expand our outsourced finance offerings and scale faster to meet this major need."
Reduces errors in financial statements, improving audit readiness. Streamlines payroll processing, ensuring compliance with Singapores labour laws. Automated accounting solutions have been updated to comply with these standards, facilitating seamless integration for small businesses.
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