Tue.Jan 09, 2024

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Companies worry about double taxation from global tax reform

Accounting Today

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD's tax changes, according to a new survey by EY.

Tax 293
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Meet our new US Xero Partner Advisory Council members

Xero

We have the pleasure of welcoming six new members to our US Xero Partner Advisory Council (XPAC). The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

XERO 192
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IRS warns of tax scammers posing as new clients

Accounting Today

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

Tax 311
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Murph will host next week's ProAdvisor Meetup

Insightful Accountant

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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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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Deadline extended for Top New Products 2023 submissions

Accounting Today

The deadline for submissions for Accounting Today's Top New Products list for 2023 has been extended to Tuesday the 16th

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The Strategic Imperative of Marketing

Insightful Accountant

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

Tax 98

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The Strategic Imperative of Marketing

Insightful Accountant

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

Tax 90
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NY comptroller criticizes regulator's crypto oversight prowess

Accounting Today

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

Auditing 225
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The 5 Best Tools for BigQuery Data Visualization

Economize

Google’s BigQuery, a powerful data warehouse part of GCP has become indispensable for managing extensive datasets. It is particularly effective when paired with data visualization and Business Intelligence (BI) tools. These enhancements allow users to convert complex data into clear, actionable insights.

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IIA releases global internal audit standards

Accounting Today

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

Auditing 188
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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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Cloud Storage Pricing Comparison - Unlock Savings

finout

Table of Contents Introduction Key Cloud Storage Providers Cloud Storage Pricing Optimizing Cloud Storage Costs Streamlining & Optimizing Cloud Costs with Finout Conclusion

FinOps 52
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Going beyond tax prep

Accounting Today

From estate, gift and trust work to Social Security maximization and charitable planning, there are a host of offerings firms can work on once the tax return is finished.

Tax 141
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Vendor Statement Reconciliation Steps

oAppsNet

Vendor Statement Reconciliation involves a meticulous comparison and alignment of a company’s financial records with those provided by its vendors. The primary goal is to ensure accuracy, identify discrepancies, and foster healthy and transparent relationships with vendors. This article serves as a comprehensive guide, delving into the essential steps and advanced strategies businesses can employ to master the art of Vendor Statement Reconciliation.

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In the blogs: Out with the bull 

Accounting Today

New year, new priorities; advisory service roadblocks; GM sues Frisco; and other highlights from our favorite tax bloggers.

Tax 126
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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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8 Benefits of Flexible Billing System Architecture

Billing Platform

On the surface billing is an easy concept to understand, however there are numerous independent applications that work in unison to create the billing system architecture. Each of these components provide the functionality required to create a billing system architecture that enables you to move beyond basic billing functionality to handle the complexities of today’s billing requirements.

Billing 52
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Mastering cross-selling: How to expand services to existing clients

Accounting Today

Accounting firms have untapped potential in their existing client base that can help them reach their growth KPIs.

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How to File Under the Corporate Transparency Act

CSI Accounting & Payroll

As a small business owner, you may have heard things about the new Corporate Transparency Act in passing. Details are still coming out, but with it taking effect in 2024, you might be anxious to learn whether it applies to you or not, as well as what you need to do. At CSI Accounting & Payroll, we’ve prided ourselves on staying on top of laws that affect small businesses for over 50 years.

Payroll 52
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Citrin Cooperman acquires Coleman Huntoon & Brown

Accounting Today

The New York-based firm is expanding to the Carolinas with its latest M&A deal.

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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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Creating a Foolproof Accounts Receivable Workflow

Invoicera

Introduction Have you ever found yourself in a frustrating loop of waiting for payments that are never on time? It’s a common struggle among businesses—almost 60% grapple with this challenge! But fear not! There’s a solution: creating a foolproof accounts receivable workflow. Now, there comes a question: how to create it? For this, we have a guide to take you out of the chaos, helping you build a system that not only smoothens your cash flow but also minimizes the headache of cha

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How to Remove a Director from a Private Limited Company in Singapore

Counto

How to Remove a Director from a Private Limited Company in Singapore Company directors play a pivotal role in the management of companies, but there are instances where the removal, disqualification, or resignation of a director becomes necessary. In Singapore, every company is required to have at least one local director, who must either be a Singapore Citizen or a Permanent Resident.

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How to convert PDF to XML for free?

Nanonets

Introduction XML stands for Extensible Markup Language and is one of the more popular formats in which data is stored and shared between systems and software. XML is a versatile coding language similar to HTML. But unlike HTML, the use of XML goes beyond only web and can be used in websites, databases, and even third-party applications XML is used largely because, it supports inter-business transactions by conveniently sharing information maintain data integrity by effectively storing and sharin

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How to Issue Shares in a Singapore Private Limited Company

Counto

How to Issue Shares in a Singapore Private Limited Company Issuing shares in a Singapore Pte Ltd company can be a strategic move to raise capital, reward employees, and grow your business. Singapore offers a flexible framework for issuing shares, allowing companies to create various share classes with different rights and privileges. Let’s explore the key steps and considerations for issuing shares in your business.

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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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Adam Lean on Bridging the Gap in Client Advisory

Insightful Accountant

Gary DeHart and Adam Lean discuss client advisory, the disconnect between client needs and accounting services, the pace of advisory adoption, influencing factors, and the essential skills for effective advisory delivery.

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Understanding Paid-Up Capital for Newly Incorporated Companies in Singapore

Counto

Understanding Paid-Up Capital for Newly Incorporated Companies in Singapore Paid-up capital plays a pivotal role in shaping the financial landscape of a company. For businesses incorporated in Singapore, understanding this concept is crucial not only for regulatory compliance but also for charting a path towards financial stability and growth. In this quick guide, we delve into the intricacies of paid-up capital, its significance, legal implications, and practical applications.

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Government auditing standards definition

Accounting Tools

What are Government Auditing Standards? Government auditing standards are used to conduct financial audits and performance audits of government entities and entities that receive government awards. Performance audits are used to measure the performance of a project or program against previously defined objectives. These standards are promulgated by the Government Accountability Office, and are more commonly referred to as the Yellow Book.

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Transferring Shares in a Singapore Pte Ltd Company

Counto

Transferring Shares in a Singapore Pte Ltd Company Transferring shares in a private limited (Pte Ltd) company is a common occurrence, driven by various reasons such as changes in ownership, fundraising, or personal decisions. It’s essential to understand the proper procedures and legal requirements involved in share transfers to ensure any transfer of shares will need to be in compliance with the company constitution.

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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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Pro forma definition

Accounting Tools

What is Pro Forma? Pro forma refers to a set of financial statements that incorporate assumptions or hypothetical conditions regarding past or future events. Pro forma statements are useful for presenting possible financial results, but must be viewed with caution if the underlying assumptions are not valid or not likely. They are typically targeted at potential or existing investors in a business.

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Understanding Annual General Meetings (AGMs) in Singapore for Business Owners

Counto

Understanding Annual General Meetings (AGMs) in Singapore for Business Owners As a business owner in Singapore, it’s essential to understand the concept of Annual General Meetings (AGMs) and their significance in the corporate world. AGMs are a fundamental aspect of company governance, and this article will provide you with all the information you need to know about them.

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Mineral resource definition

Accounting Tools

What is a Mineral Resource? A mineral resource is a concentration of natural solid inorganic or fossilized organic material, including metals, coal and minerals in sufficient quantity and quality to have reasonable prospects for economic extraction. Mineral resources are found through exploration activities, which involve the use of geophysical tests to identify mineral deposits.

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Important Things to do Before Starting a Trading Company in Singapore

Counto

Important Things to do Before Starting a Trading Company in Singapore Starting a trading company in Singapore offers lucrative opportunities due to its robust economy and strategic location. This comprehensive guide will walk you through the essential steps to set up your trading business in Singapore, including crucial details on company registration, customs requirements, licences, and permits.

Tax 52
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Book of Secrets for the Month-End Close

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.