IRS boosts standard mileage rate for 2025
Accounting Today
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
Accounting Today
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
Fit Small Business
DECEMBER 19, 2024
For any business, calculating your growth rate is essential for understanding how well your business performs over time. It provides valuable insights and helps identify potential areas for improvement. To calculate your business growth rate, you must first choose the period you want to measure, determine your starting and ending values, and apply the specific.
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Accounting Today
DECEMBER 19, 2024
The IRS and its partners shared a half-dozen ways to safeguard your firm and your clients during National Tax Security Awareness Week.
RevCycle
DECEMBER 19, 2024
As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Accounting Today
DECEMBER 19, 2024
The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.
CapActix
DECEMBER 19, 2024
Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
FundThrough
DECEMBER 19, 2024
Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.
Accounting Today
DECEMBER 19, 2024
Tax pros don't expect big changes for the coming filing season but they're already worrying about the one after that
CapActix
DECEMBER 19, 2024
Taxation is an inevitable part of any business. Certainly, the government of every country makes every detail of taxation available. However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.
Accounting Today
DECEMBER 19, 2024
Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Fidesic blog
DECEMBER 19, 2024
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.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.
The Successful Bookkeeper
DECEMBER 19, 2024
The bookkeeping profession is evolving, and with it come challenges that require adaptability and growth. From navigating automation to addressing undervalued services, bookkeepers face a landscape filled with opportunities to innovate and stand out. In an episode of The Successful Bookkeeper podcast, Louie Prosperi, CEO of the Institute of Professional Bookkeepers of Canada (IPBC), shared valuable insights on how bookkeepers can overcome these challenges and thrive in their careers.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.
Advertiser: Paycor
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Counto
DECEMBER 19, 2024
Understanding Bizfiles People Search and the Role of NRIC in Business Due Diligence Conducting due diligence is an essential step for business owners before entering into partnerships or agreements. Bizfile, Singapores official business information portal, offers tools to retrieve key insights about companies, directors, and shareholders. This blog explores the People Search function on Bizfile, its relevance for business owners, and how NRIC numbers fit into the picture.
Accounting Today
DECEMBER 19, 2024
The asset sales carry complexity requiring careful thought and expert advice, but they could prove beneficial to some wirehouse breakaways or RIA succession plans.
FundThrough
DECEMBER 19, 2024
[link] When Ron Cedillo, VP of housing provider Lima Charlie, had to find new sources of business, he learned that the government contracting space could be a valuable growth channel for his companybut large dollar amounts and mismatches between cash inflows and outflows quickly proved challenging for the execution. When you do government contracting, […] The post Lima Charlie: Raising $8M in 30 Days to Unlock New Growth Channel appeared first on FundThrough.
Accounting Today
DECEMBER 19, 2024
Chicago's Sikich announced the launch of a new virtual chief AI officer service, giving organizations executive level oversight of AI initiatives without committing to a full time hire.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
FundThrough
DECEMBER 19, 2024
Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.
oAppsNet
DECEMBER 19, 2024
Chargebacks can be frustrating when running a business that accepts credit card payments. They serve as a consumer protection mechanism, allowing cardholders to dispute transactions and request a reversal of charges. However, not all chargebacks are created equalsome are valid, while others are invalid. Understanding the difference between valid and invalid chargebacks is crucial for merchants who want to manage disputes effectively, protect their revenue, and maintain a healthy relationship wit
Accounting Today
DECEMBER 19, 2024
The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.
The Successful Bookkeeper
DECEMBER 19, 2024
As a bookkeeper, youre entrusted with some of your clients most critical and personal data a responsibility we know you dont take lightly! But with cybersecurity threats (and the best practices to protect against them) evolving so rapidly, it can be hard to know what to look for in a partner beyond a promise that theyll safeguard your clients data.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Bookkeeping Essentials
DECEMBER 19, 2024
The 2025 standard mileage rates were increased by 3 cents to 70 cents per mile driven for business use. The Tax Cuts and Jobs Act (TCJA) restrictions are still in place for 2025.
Outsourced Bookeeping
DECEMBER 19, 2024
In the fast-growing world of small business, it is important to manage the money flow to ensure financial stability. The sources and uses of cash are accounts payable and accounts receivable, and proper management of the two functions keeps the business financially fit and able to meet its obligations as and when due. In this blog post, well dive into what it means to track AP and AR accurately, why its good to outsource these tasks, and how automation can help with management.
CSI Accounting & Payroll
DECEMBER 19, 2024
Sometimes shrinking fields are a sign of innovation but other times, theyre a looming threat. Let's discuss why theres an accountant shortage, how it hurts small businesses, & how CSI adapts to the shortage. No shortage here!
Insightful Accountant
DECEMBER 19, 2024
InsureTax, is a Lloyd's agent, offering the first-ever Tax Audit Insurance solution tailored for small businesses (SMBs). This solution is very different than other solutions you think can protect you in the event of a tax return audit.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Ace Cloud Hosting
DECEMBER 19, 2024
Just like any other field, productivity is also considered essential for accountants. They have to handle a bunch of documents, invoices, financial statements, and many more. Manually extracting and entering.
Insightful Accountant
DECEMBER 19, 2024
With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.
Black Ink Tax & Accounting
DECEMBER 19, 2024
Table of Contents How long does payroll take to process? For small business firms, payroll handling is done within the […] The post How long does payroll take to process? appeared first on bitaccounting.
accountingfly
DECEMBER 19, 2024
Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!
Advertiser: Paycor
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