Thu.Mar 07, 2024

article thumbnail

The 20 best states for shopping

Accounting Today

Four states have no state and local sales taxes, making them the most attractive places for consumers to go shopping.

Tax 348
article thumbnail

International Women’s Day: Celebrating small business founders and leaders

Xero

The UN theme for International Women’s Day (IWD) this year is ‘Invest in women: Accelerate progress’. The lack of investment in gender equality measures is seen to be a human rights issue by the UN, and a cornerstone for building inclusive societies. Climate change, geopolitical conflicts and the current economic system exacerbate inequality and disproportionately impact women.

XERO 235
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Billionaire, corporate tax hikes will be focus of Biden State of the Union

Accounting Today

President Joe Biden will propose increasing the minimum tax rates paid by major U.S. and multinational corporations to 21% and eliminating breaks for companies with high-paid executives in his election-year State of the Union address on Thursday night.

article thumbnail

AccountingDepartment.com's 20th Year is Here!

Accounting Department

Two decades ago, a brilliant CPA joined forces with a daring sales expert, united in their mission to revolutionize how entrepreneurs approached their accounting needs—and thus, AccountingDepartment.com came into existence. While that may be the condensed version passed down in company lore, the reality is far more captivating and undoubtedly inspiring.

CPA 231
article thumbnail

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.

article thumbnail

Time to weigh in on the pipeline problem

Accounting Today

The National Pipeline Advisory Group is collecting responses from college students and accounting professionals to better address the talent shortage.

article thumbnail

Chris Panek on Exclusive Opportunities & Resources for Accountants and Professionals

Insightful Accountant

In this episode, Chris Panek, dive into some exciting opportunities and resources that she offers but might have missed mentioning during the podcast.

More Trending

article thumbnail

Managing Real Estate Assets: 5 Best Practices in Accounting and Reporting

Outsourced Bookeeping

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively. According to industry experts, following the best practices of accounting and reporting practices not only contributes to strategic decision-making but also protects the financial health of your re

article thumbnail

Curaleaf considers protesting a US tax by not paying it

Accounting Today

There are talks of protesting a key piece of tax law that prevents marijuana companies from deducting expenses like other companies do.

Tax 279
article thumbnail

AWS EBS Pricing and 5 Cost Optimization Strategies

Economize

What is AWS EBS? Amazon Elastic Block Store (AWS EBS) is a scalable block storage solution provided by AWS. Amazon EBS plays a crucial role in providing persistent block-level storage for EC2 instances. While EC2 provides ephemeral storage, AWS EBS volumes provide an independent and persistent storage option.

article thumbnail

Companies with fastest accounting closes avoid anchors

Accounting Today

Controllers use many different tactics to speed up the close, but most of them find it challenging to shorten their close to fewer than seven days.

article thumbnail

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.

article thumbnail

How Do You Create Projects in QuickBooks Online?

Reconciled Solutions

Do you need to track income and costs related to projects? It's easy to create projects in QuickBooks Online and track profitability. The post How Do You Create Projects in QuickBooks Online? appeared first on Reconciled Solutions.

article thumbnail

Tax Fraud Blotter: Party time

Accounting Today

Scale of the crime; a favorite client; with a bullet; and other highlights of recent tax cases.

Tax 281
article thumbnail

Do I Need to Do Back Work, or Just Back Taxes?

CSI Accounting & Payroll

So, you’re the owner of a small business that has fallen a little behind, and your taxes didn’t get filed. We all know this can be a pretty big deal, especially if you didn’t get an extension, but what can you do about it? You’ll have to go back and get your taxes filed. However, if you’re not very far behind, will you have to adjust some months in your books as well?

Tax 52
article thumbnail

New York partners with IRS on free tax prep

Accounting Today

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

Tax 171
article thumbnail

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!

article thumbnail

Managing Real Estate Assets: Best Practices in Accounting and Reporting

Outsourced Bookeeping

The real estate industry is dynamic and is driven by crucial factors such as infrastructure development, government initiatives, IT growth, etc. Amidst these ever-evolving dynamics, the key to achieving success and growth in the real estate industry is through managing real estate assets effectively. According to industry experts, following the best practices of accounting and reporting practices not only contributes to strategic decision-making but also protects the financial health of your re

article thumbnail

COSO prioritizes corporate governance framework

Accounting Today

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is working with the National Association of Corporate Directors on developing a corporate governance framework.

Auditing 171
article thumbnail

Top 10 Subscription Management Tools of 2024

Invoicera

Summary This blog post will explore the top subscription billing software for managing recurring payments in 2024. It will discuss the key features, benefits, pricing, and user reviews of 12 popular platforms in the market, helping businesses make better financial decisions. Also, learn the factors you should consider when choosing a platform for recurring payments.

Billing 52
article thumbnail

Brace for impact: What auditors can learn from the airline industry

Accounting Today

Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.

Auditing 171
article thumbnail

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.

article thumbnail

Intuit QuickBooks Partnerships Help Fuel Small Business Growth and Prosperity

Insightful Accountant

Intuit recently announced two partnerships aimed at small business success and prosperity. This includes an Allstate Health Solutions partnership, and a new initiative with leading accounting, consulting, and technology firm Crowe LLP.

article thumbnail

Chicago mayor's 'mansion tax' back on ballot after court ruling

Accounting Today

The additional tax revenue raised would go toward services for the city's homeless population.

Tax 171
article thumbnail

App Developers - Take a Look at First Look Fridays

Insightful Accountant

Insightful Accountant has now automated the collection of our First Look, App Aware and Advisor Alliance articles that feature content on Apps, Software and Partner Program. Just fill out the appropriate online surveys to submit.

article thumbnail

CBIZ buys tech solutions provider CompuData

Accounting Today

The Top 25 Firm has acquired a technology solutions provider in Pennsylvania.

177
177
article thumbnail

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.

article thumbnail

Launching a CFO Advisory Firm, Ditching Digital Marketing, and Growth w/ Fred Tate

Jetpack Workflow

Podcast Summary On this episode of Growing Your Firm, host David Cristello interviews Fred Tate , the Managing Director of CFO Shield. Fred discusses how CFO Shield takes a consultative approach to create tailored solutions for clients, offering fractional CFO services along with bookkeeping and payroll support. Fred also emphasizes the importance of understanding and meeting individual client needs, showcasing the unique approach of the firm.

article thumbnail

Migrating From QuickBooks to Sage Intacct

MineralTree

Optimizing your AP process QuickBooks is the obvious first choice for many small businesses seeking an accounting software solution. This ERP is easy-to-use and can help businesses fulfill many of their basic needs. While the platform continues to serve small and mid-sized businesses (SMBs), growing organizations often require a more robust solution.

article thumbnail

Building an Implementation Approach: Key Considerations for Successful Digital Transformation

oAppsNet

Embarking on a journey of digital transformation is a strategic imperative for organizations looking to enhance competitiveness, drive innovation, and adapt to evolving market dynamics. However, the success of digital transformation initiatives hinges on the effectiveness of organizations’ implementation approaches. A robust implementation approach requires careful planning, stakeholder alignment, and a clear understanding of organizational objectives and priorities.

40
article thumbnail

Asset retirement obligation definition

Accounting Tools

What is an Asset Retirement Obligation? An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. The liability is commonly a legal requirement to return a site to its previous condition. ARO obligations are more commonly found when there are likely to be significant cleanup costs once an asset is no longer being used.

article thumbnail

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!

article thumbnail

How to build a tech stack that powers your practice

Xero

For millions of practices, managing clients in cloud-based software has become part of the daily routine. But the array of different software and apps available can feel overwhelming. Because of this, not every practice uses their software to its full potential. In our latest webinar, we explored how you can integrate Xero Practice Manager with other apps to make your daily operations simple, secure, and fast.

XERO 222
article thumbnail

Estimated cost definition

Accounting Tools

What is Estimated Cost? Estimated cost is the projection of the amount of costs that will be incurred to build a product or construct something. This amount is derived as part of the capital budgeting process for an internal project, or as part of a sales bid when attempting to sell to a customer. The party issuing an estimated cost may be held to the amount of the projection under the terms of a fixed price contract.

article thumbnail

Equalization reserve definition

Accounting Tools

What is an Equalization Reserve? An equalization reserve is a cash fund maintained by an insurer , which is only to be accessed in the event of an unexpected claims loss. This reserve is needed for losses from such events as hurricanes, flooding, fires, hail storms, and tornadoes. It is especially important to maintain such a reserve when an insurer is insuring a large number of properties within a specific geographic area, since an unexpected loss event in that area could cause substantial loss

40