Fri.Jan 19, 2024

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IRS offers guidance on tax credits for EV charging stations

Accounting Today

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

Tax 337
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How to Make Money Online: 5 Financial Jobs You Can Do from Home

Intuit

Table of Contents Tax and Bookkeeping Side Jobs You Can Do From Home No Experience, But Want to Get Into Accounting or Finance? Tips for Making Money Online Conclusion Whether you’re on the lookout for a new side hustle, working from home provides many opportunities to earn money online. Finance and accounting in particular offer plenty of convenient and profitable online jobs from home that you can complete with a computer and some basic office supplies.

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State and local tax cases bear watching in 2024

Accounting Today

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

Tax 312
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The Ultimate Guide to CPA Jobs: Everything You Need to Know

Intuit

Table of Contents What Is a CPA? CPA Jobs and Specializations CPA Job Description How to Become a CPA CPA Job Outlook CPA Job Salaries Remote CPA Jobs Freelance CPA Jobs Available Jobs for CPAs at Intuit Entry-Level CPA Jobs What is a Certified Public Accountant’s job? CPAs are accounting professionals who work in a variety of finance-related roles.

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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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A $78B business and child tax-break bill advances in US House

Accounting Today

Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation's prospects.

Tax 305
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Top 10 Accounts Payable Best Practices 

AvidXchange

Accounts payable (AP) is a critical function within any business. AP staff ensure the company’s bills are paid, and they create reporting that is essential for financial forecasting. To make sure your AP department is operating at an optimal level , consider implementing these accounts payable best practices. 1. Enter Invoices Promptly Enter invoice data into your AP system without delay upon receipt.

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Survey Says 80% of CPAs Support Alternatives to 150 Hours

Cloud Accounting Podcast

Blake and David mull over the Arizona CPA Society's survey revealing that 80% of Arizona CPAs support 150-hour-rule alternatives. They also examine the UK Post Office scandal that led to hundreds of criminal convictions of postmasters, as well as Deloitte's recent massive audit failures, and the impacts of the talent shortage illustrated by delayed government audits in Wyoming.

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On the move: Brown Edwards names next CEO

Accounting Today

PKF O'Connor Davies adds 19 to partnership; Schneider Downs expands advisory practice; and more news from across the profession.

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How to Build an Operational Tech Stack Ready to Scale with Your Business

Plooto

Technology is empowering businesses of all shapes and sizes to scale and grow in ways that simply weren’t possible in the not-so-distant past. Innovations around real-time and cross-border payments and e-commerce, for example, have made it easier for businesses to sell their products and services anywhere in the world. AI and machine-learning powered technologies are making it easier than ever to track, automate, and analyze workflows across all business functions.

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NYC seeks millions from Silicon Valley Bank for taxes

Accounting Today

The city cites corporation business tax "deficiencies" for 2017 through 2021 and is also seeking interest and penalties from the failed bank.

Tax 177
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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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OAP Canada: Learn About Old Age Pension Canada

Billah and Associates

As individuals approach their golden years, financial stability becomes a paramount concern. Canada’s social security system includes the Old Age Pension (OAP Canada), which plays a crucial role in supporting seniors during their retirement. In this blog post, we will delve into the intricacies of Old Age Pension Canada , exploring its significance, OAP eligibility criteria, and how it aids seniors in maintaining a comfortable lifestyle during their retirement years.

Tax 52
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Fujitsu says post office knew about Horizon bugs from the start

Accounting Today

The accounting software had issues such as a loss of data which meant payments and receipts didn't balance.

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Common Questions about Payroll in Singapore Answered

Counto

Common Questions about Payroll in Singapore Answered Payroll management involves various complexities that can leave business owners with numerous questions. In this comprehensive guide, we’ll shed light on specific payroll concerns for businesses in Singapore. What Are the Essential Components of Payroll? Payroll comprises three essential components: employee information, salary or wages, and deductions.

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Streamline the external audit process

Accounting Today

If CFOs, controllers and other finance leaders implement a handful of straightforward best practices before, during and after an audit, they can maximize efficiency and insight for everyone involved.

Auditing 141
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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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Accountants who pay 'chicken' in January

Accounting Fun

I first came across this concept many years ago: An accountant told me that they play a version of Chicken each year as an incentive to get all of their clients' tax returns in on time. They said they always leaves their own tax return to be the last one filed by their practice each January. And that, on one occasion they did this at 23:59! Does anyone else play daft games like this at year end?

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Selling CFOs on AI

Accounting Today

Accountants, resellers and others need to be able to make the case for artificial intelligence to their clients.

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AP Automation for QuickBooks

Tipalti

Tipalti AP automation software integration with QuickBooks Online or QuickBooks Online Advanced. Use it to save your company money. It will reduce future labor hiring needs and improve employee retention, attitude, and motivation.

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Tech news: CPAClub expands model

Accounting Today

Plus, ZenBusiness announces new beneficial ownership filing capacities; and other accounting technology news.

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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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Purchasing Software

Tipalti

Ready to streamline complex purchasing processes with a top-rated purchasing software solution? Understand the benefits and how to choose the right software for your business.

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Debenture definition

Accounting Tools

What is a Debenture? A debenture is a bond issued with no collateral. Instead, investors rely upon the general creditworthiness and reputation of the issuing entity to obtain a return of their investment plus interest income. If the issuer of a debenture were to default , investors would be placed at the level of general creditors in terms of their ability to recover funds from the issuer.

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Procurement Best Practices

Tipalti

Streamline purchasing, boost sourcing, and ultimately increase your bottom line by following procurement best practices. Get more out of your procurement process.

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Derecognition definition

Accounting Tools

What is Derecognition? Derecognition is the removal of a previously recognized financial asset or financial liability from an entity's balance sheet. A financial asset should be derecognized if either the entity's contractual rights to the asset's cash flows have expired or the asset has been transferred to a third party (along with the risks and rewards of ownership).

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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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The Perfect Recipe for a Successful Credit Department

NACM

?️ On today's episode of NACM's Extra Credit podcast.? The credit department plays a role comparable to that of a meticulously crafted recipe in baking. Just as a cake recipe demands precision in ingredient selection, mixing and timing, the credit department orchestrates a series of crucial processes to ensure the financial health and success of.

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Dilution definition

Accounting Tools

What is Dilution in Accounting? Dilution is the reduction of a shareholder's ownership percentage that is caused by the issuance of additional shares. This is a primary concern when a business is evaluating whether to raise funds by selling stock. It is a particular concern in a closely-held organization, where the current shareholders control the business and do not want to lose control to new shareholders.

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5 Reasons You Should NOT Buy Accounting Workflow Software

Jetpack Workflow

Although you know how important workflow management is to your firm, you might be unsure if a software solution like Jetpack Workflow is right for you and your firm. We’d love to say that yes all firms should buy accounting workflow software. After all, it’s the business we are in! But we also are realistic and don’t want to be biased. Instead, we want to share some reasons why accounting workflow software might not be a good fit for you at this time.

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Deferred income tax liability definition

Accounting Tools

What is a Deferred Income Tax Liability? A deferred income tax liability arises when book income exceeds taxable income. It represents the amount of the tax obligation in the reporting period for which payment is not yet due. When this happens, a business recognizes a deferred income tax liability, which is based on the anticipated tax rate multiplied by the difference between these two types of income.

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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!

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Trump tax leaker acted out of 'deep, moral belief,' judge told

Accounting Today

The former IRS contractor who admitted stealing and leaking the tax returns of former President Trump and other billionaires acted believed Americans had a right to the information, his lawyers told a judge.

Tax 215
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Deferred interest bond definition

Accounting Tools

What is a Deferred Interest Bond? A deferred interest bond is a bond that provides for either reduced or no interest in the beginning years of the bond term, and compensates for it with increased interest later in the bond term. Since this type of bond is associated with firms having short-term cash flow problems, the full-term average interest rate can be high.