Tue.Dec 05, 2023

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IRS Criminal Investigation unit is taking on more crypto tax cases

Accounting Today

The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.

Tax 300
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Wire Transfer vs ACH Transfer

Fidesic blog

Digital payments saw a major increase in recent years as remote work becomes more common. Both ACH and wire transfers move funds from one bank account to another, but there are key differences. Let's start with defining each and then we will compare Wire Transfer vs ACH Transfer.

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7 strategies for small and midsized practices to achieve success

Accounting Today

In the current business landscape, small- and medium-sized practices face an array of challenges, including operational complexities, competitive markets and ever-evolving regulations.

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5 Ways to Modernize Your Office & Boost Productivity

Fidesic blog

Why Performance and Productivity Increase when you Modernize Office Décor Let's face it, offices have changed dramatically in the last few years. Since many leaders are already re-imagining their office setups, now is the perfect time to reboot and modernize office décor and design. In this post we will look at 5 data-prove n new office interior design ideas to modernize office and boost productivity.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Supreme Court case could upend Tax Code

Accounting Today

A case over repatriated earnings might open up the possibility of taxing unrealized gains.

Tax 305
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Is ACH Safe? Are ACH Payments Safe Compared to other Methods?

Fidesic blog

ACH payments are a safe way to pay vendor invoices and employee payroll. According to data from NACHA fewer than 0.03% of ACH transactions are returned as unauthorized. ACH remains the preferred payment method for accounts payable departments to pay their vendors. ACH payments grew to 26.8 billion transactions in 2020 (a 8.2% YOY increase) according to NACHA , the organization that oversees ACH activity.

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Inside Windes' new Ovisto arm and the growing appeal of joining tax and wealth services

Accounting Today

The new wealth management business opens with help from Integrated Partners as more RIAs and accountants follow the trails blazed by many dual practitioners.

Tax 221
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Year-end Done Well

Insightful Accountant

For accountants and their business clients, the goal this time of year is to end the year well and set a good foundation for the next. But year-end work is rarely simple, often messy, and certainly adds to the holiday hustle and bustle.

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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Tax 177
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App Aware: Accruer

Insightful Accountant

The Accruer App uniquely solves QuickBooks accruals and automates prepaid expenses, deferred revenues and fixed assets directly in QuickBooks Online.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Faber reappointed to lead ISSB

Accounting Today

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

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A New Era in Time Management for 1099’s and Vendors

Insightful Accountant

Online time tracking software offers a multitude of advantages that can transform how accountants manage their vendors and contractors.

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Hydrogen industry raises alarm over leaked US tax credit rules

Accounting Today

The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.

Tax 171
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Amazon Q Pricing Tiers + Additional Charges Explained

Economize

Announced at the AWS re:Invent 2023, Amazon Q is a generative AI tool that will revolutionize how businesses leverage their data. Amazon Q works like an AI expert, combining the roles of a business analyst and a cloud assistant. It’s designed to enhance the building experience on AWS.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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The top people in public accounting — 2023

Accounting Today

The most influential people in the field, as chosen by their peers.

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Small Business Laws and Rules: The Basics of Payroll Compliance

CSI Accounting & Payroll

When you own a small business, you’re only sure of two things; your business is your passion, and you want to keep its doors open. To keep your company running, you have to follow the rules. At CSI Accounting & Payroll, we’ve helped keep thousands of businesses in compliance for over 50 years. However, we can only offer guidance and suggestions.

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Small business pay and hiring slowed in November

Accounting Today

The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.

Payroll 177
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Don't Miss Day 2 of Future Forward - Today 12/6

Insightful Accountant

The second day of Future Forward is today. Gain a glimpse of what some of the most influential accounting professionals are saying will impact your practice as soon as next year. and yes, Murph will be presenting too.

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The Definitive Guide to Spend Management

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.

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In the blogs: Complicating matters

Accounting Today

Abandoning crypto; Moore; why the deficit balloons; and other highlights from our favorite tax bloggers.

Tax 131
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How to Scale Your Accounting Firm: 15 Tested Strategies

Jetpack Workflow

From navigating client acquisition strategies to building a qualified team you can depend on, the path to expanding your CPA firm can seem overwhelming. Plus, as you focus on scaling your business, you need to manage the delicate balance act of delivering quality service while expanding to enjoy sustainable growth. On our Growing Your Firm podcast, we recently sat down with 3 expert accountants to learn about time-tested strategies they used to scale their firms.

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5 Strategies for Cash Flow Optimization in the Transportation and Logistics Industry

Gaviti

Cash flow in the transportation and logistics industry can be unpredictable. Long payment cycles, supply chain shortages and seasonality combined with a reliance on manual processes for collections are just a few factors that propel companies in the transportation and logistics industries to seek a more efficient process for their cash optimization.

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How to Write a Professional Accounting Memo (with Template)

Jetpack Workflow

Finding an official source that shows you how to compose a clear, professional, and easily readable accounting memo can be a challenge. So, we crafted this helpful guide and a general memo template you can refer to whenever you need to send one. In this article, we’ll describe some scenarios of when an accounting memo is beneficial and provide you with a memo template to download and customize for your own use.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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5 Strategies for Cash Flow Optimization in the Transportation and Logistics Industry

Gaviti

Cash flow in the transportation and logistics industry can be unpredictable. Long payment cycles, supply chain shortages and seasonality combined with a reliance on manual processes for collections are just a few factors that propel companies in the transportation and logistics industries to seek a more efficient process for their cash optimization.

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Member Spotlight: Mentorship, Passion and Perseverance

NACM

Mentorship plays a key role in professional success. The guidance and expertise from someone who has years of experience in your field is essential for professional success. Annie Kopanski, CCE, senior credit analyst at Esco Group (Portland, OR) said her 15-year journey to the Certified Credit Executive (CCE) designation was launched and shaped by.

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5 Best Interview Scheduling Software in 2023

Nanonets

Introduction Interview scheduling is a key part of hiring but is often not given enough attention. How well it's done really affects everyone involved. For people applying for jobs, it shows how well the company is organized and if they value people's time. For those who are hiring, it's about getting the timing right and being friendly, all while juggling many schedules.

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19 Best Invoicing Software for Prompt Payment (2024)

Invoicera

87% of businesses receive payment after their invoice due date, with 43% being paid 15 or more days late. – Chaser Do you also fall in the 87% of businesses that receive late payment and are stressed due to cash flow constraints? If yes, it might be impacting your credit score and business reputation. Well! You need not worry; there are a lot of solutions in the market that can automate invoicing and ensure you receive all payments with their reminder features.

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Putting the ‘Tech’ in Spend Management Techniques

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!