Fri.Apr 19, 2024

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IRS unveils draft Form 1099-DA for crypto reporting

Accounting Today

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

Tax 334
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Unlocking Summer Success: Inside A Typical Summer at ADC | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 17 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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PCAOB finds auditor evaluation deficiencies

Accounting Today

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

Auditing 330
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Importance of Cybersecurity Awareness Training for Employees in Tax Season [2024]

Ace Cloud Hosting

Tax season 2024 is ongoing, and the tax firms are busy handling their clients’ taxes. However, cybersecurity is one aspect most tax firms ignore during the tax season. Like tax.

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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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IRS targets 'ghost employers'

Accounting Today

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

Tax 250
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How the Procurement Function Can Save Your Company Money

Tipalti

Procurement has emerged as a critical function that can help organizations save costs in an ever-changing business landscape.

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Buying an Accounting Practice: The Complete Guide

Future Firm

Are you considering acquiring an accounting firm? Learn all you need to know about buying an accounting practice by checking out this post. The post Buying an Accounting Practice: The Complete Guide appeared first on Future Firm.

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New CPA exam section on financial planning links tax and wealth

Accounting Today

After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.

CPA 227
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Mastering Petty Cash Reconciliation: Best Practices and Automation

Nanonets

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. These expenses typically include small purchases like office supplies, travel expenses, or miscellaneous items that are too insignificant to warrant writing a check or initiating an electronic payment.

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Hong Kong regulator to probe PwC auditing role over Evergrande

Accounting Today

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

Auditing 195
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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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Are some tax advisers paying more than they need to?

Accounting Fun

Some years ago on my first visit to Penrith, Cumbria, to present a talk to the local CIOT branch, I took a cab to the venue. The driver asked me what I was doing in Penrith and I explained: “I’m here to give a lecture to a group of tax advisers”. For a moment I was thrown as he seemed very miffed. It then became clear from his reply that he had misheard me: “It would be nice to have been invited.

Tax 44
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'Advisory as a replacement' can dramatically scale your practice

Accounting Today

Advisory as a replacement requires the biggest leap: Firms have to cut the cord tethering them to the compliance work of old.

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Managing Invoices on Xero

Nanonets

Sometimes, basic business processes can be way more time-consuming than business leaders realize. Invoicing, for instance, is something that every single accounting team has to learn how to manage. At its core, invoicing seems simple: a vendor provides goods or services, details the items provided, and sends a bill to the customer (AKA an invoice). The customer then invoice receives the invoice, verifies its accuracy, and submits payment to the vendor.

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On the move: Aprio adds five partners

Accounting Today

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

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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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7 Features To Look for in A Legal Billing Software

Invoicera

Introduction As a lawyer or legal consultant, your entire day is spent on constantly brainstorming about your client’s legal issues, solutions and potential risks involved in their daily business activities. But how often do you think about potential business risks in your business activities? The money that you’re losing right now? How much time do you get to think about that?

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Tech news: Certinia stresses automation and analysis in latest release

Accounting Today

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

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A Guide to NetSuite Integrations - SuiteApps in 2024

Nanonets

NetSuite is one of the popular ERPs, which divisions across businesses and industries can use to operate smoothly and efficiently.  NetSuite's key strengths lie in its integration capabilities and modules that extend its functionality. NetSuite connects with third-party applications and has broad functionality to cover most general use cases.

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The highs and lows of remote partners

Accounting Today

Remote partners bring many advantages, but firms do need a little more thought when it comes to managing them.

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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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A Guide to QuickBooks Integrations

Nanonets

QuickBooks is one of today's most popular generalized accounting and bookkeeping platforms that appeals to a wide range of business types, sectors, and sizes. Still, as with any off-the-shelf product, some find it lacking specific features or prefer to nest it into a broader business management ecosystem. For those wanting to do more with QuickBooks, hundreds of third-party integrations step in to offer additional features and benefits beyond QuickBooks' native offerings.

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Are remote partners the future?

Accounting Today

While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.

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Remote Accountants Get Paid Less

Cloud Accounting Podcast

Blake and David delve into the effects of remote work on accountant salaries and the mental health challenges faced by auditors at Big Four firms. They inspect a recent study showing lower pay for hybrid workers compared to fully remote or in-office employees. They also contemplate the future of work organization inspired by Bill Anderson, CEO of Bayer, and discuss the potential impact of AI on the accounting profession, the accuracy of AI-related surveys, and the misrepresentation of AI capabil

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Biden unveils winners of $2B in green tax credits

Accounting Today

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion.

Tax 189
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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.