Thu.Sep 14, 2023

article thumbnail

IRS proposed rule on micro-captive insurance may limit alternatives for small businesses

Accounting Today

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

Tax 273
article thumbnail

Dynamic Surcharging and Multiple Invoicing Solved by Freedom Merchants

Accounting Department

As a small to medium-sized business owner, you know that cash flow is the lifeblood of your company. It's crucial to stay on top of your accounts receivable and make it as convenient as possible for your customers to make payments, without any added expenses for you.

Invoicing 197
professionals

Sign Up for our Newsletter

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

article thumbnail

Tax strategies to maximize savings for crypto investors

Accounting Today

Crypto investors, whether seasoned or new, need to understand the tax implications of their investments.

Tax 310
article thumbnail

Punch-Out, Punch-In and Plug-In: What’s the Difference and Why Should I Care?

Compleatable

We’ve all been there, restlessly tossing and turning at night when suddenly it comes to you: you forgot to pick up that really important thing for the office tomorrow. A quick foggy-eyed scan through your phone, click a few buttons, and bam- order placed and you can finally relax. It’s hard to remember a life before online shopping. Its popularity highlighted the inefficiencies of shopping in a physical store; it can be time-consuming, hard to know you’re always getting the best price, and a gam

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

IRS halts new ERC processing after flood of bogus claims

Accounting Today

The immediate moratorium will be in effect until the end of the year.

Tax 356
article thumbnail

The wild classes CPAs take for their 150 hours

Blake Oliver

From Alabama dinosaurs to pickleball, accountants have studied some unusual things to fulfill their education requirement.

More Trending

article thumbnail

Do Small Businesses Need an HR Professional?

CSI Accounting & Payroll

Small business owners understand the challenges of staying up-to-date with HR requirements , as well as handling any accidents or resolving personal issues that might come forward. It's important to have a resource to handle these situations, but how can that be done on a tight budget? Most small businesses can't afford to hire an HR professional, but what about outsourcing this assistance?

Payroll 98
article thumbnail

Wall Street-backed crypto tracer under attack ahead of trial

Accounting Today

Cyber sleuths from the IRS and Chainalysis spent seven years trying to unmask the shadowy figure who ran Bitcoin Fog, a dark web service that authorities say helped criminals launder cryptocurrency for a decade.

171
171
article thumbnail

Future Forward 2023: Ascend with Advisory

Insightful Accountant

Our Day 2 kick off of the 'Future Forward 2023 webinar series features CPA4IT's Andrew Wall, who will show you how to navigate technology and transformation in accounting practices. Sign up today inside.

article thumbnail

Tax Fraud Blotter: Movin' out

Accounting Today

Band of brothers; heavy Metal; gone underground; and other highlights of recent tax cases.

Tax 221
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

Firm Focused Fridays: Canopy's Practice Management

Insightful Accountant

Canopy's Practice Management bring all your mission-critical practice functions into one cloud-based software suite that integrated with QuickBooks Online.

article thumbnail

Top 7 Features of QuickBooks Enterprise for Construction Businesses

Ace Cloud Hosting

Operating a construction business brings unique accounting complexities that set it apart from other industries. From the fluid nature of project locations to the complexities of managing long-term projects, contractors.

article thumbnail

The Compliance Factor

Insightful Accountant

FloQast's Mike Whitmire you’re probably overlooking the most strategic tool in your arsenal— and how you can leverage it better.

73
article thumbnail

From Felon to Firm Owner: An Unconventional Path in Accounting

Earmark Accounting Podcast

Think the pathway to owning an accounting firm is linear? Think again. In this episode, Blake has a fascinating conversation with Scott “OKR” Scarano, an accounting firm owner with an unconventional background. Before becoming a successful firm owner, Scott started dealing drugs, got kicked out of UNC, and ended up with a felony conviction. But with persistence and grit, Scott cleaned up his act, got back on track with his accounting degree, and hustled his way up to leading an accounting practi

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

3 Latest GCP Updates: GKE Enterprise, TPU v5e & A3 VMs

Economize

Google Cloud Platform (GCP) continues to lead the way in cloud innovation with a trio of significant updates that cater to the ever-evolving needs of businesses. In this article, we delve into these updates: the Cloud TPU v5e, A3 VMs, and the introduction of GKE Enterprise.

article thumbnail

Payoneer Fees Calculator

Tipalti

Calculate Your Payoneer Fees with Ease - Use Our Payoneer Fees Calculator to Estimate Transaction Costs, Currency Conversions, and Withdrawal Fees for Your Financial Convenience.

52
article thumbnail

Navigating AI's Role in Accounting with Joe Woodard

Blake Oliver

On episode 66 of The Woodard Report podcast, Joe Woodard and I discuss: The potential of Intuit's AI assistant, Intuit Assist. How AI might reduce the Big Four's reliance on young auditors. The enduring value of accountants who ask the right questions. The rise of advisory-focused accounting services and the call for bookkeepers to adapt. Essential reads: "The Quantum Supremacy" by Michio Kaku and "The Future of the Professions" by Daniel Susskind.

article thumbnail

How This Firm Owner is Scaling to $3 Million in Revenue w/Louie Vazquez III

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello welcomes back Louie Vazquez III, CEO and founder of Vazquez and Associates. Louie shares his journey of growing his firm from half a million in sales per year to achieving even greater success. They discuss the sales and marketing strategies that led to this growth and delve into the challenges and opportunities that come with scaling a business.

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

Subscribe to "On The Money" for an accountant's perspective on small business

Blake Oliver

I'm excited to share that I'm contributing the accountant perspective to Relay's new "On the Money" newsletter for small businesses. This monthly publication will bring practical stories and insights to help you master your money. Subscribe below to get issues covering topics like: ? How close are AI robots to doing your corporate tax filings? ⚡️ What's the US central bank doing to make payments lightning-fast?

article thumbnail

What is SaaS Revenue Recognition?

Billing Platform

Whether a small and medium-sized business (SMB) or large enterprise, revenue is at the very center of your business performance. Many companies struggle to determine when revenue can/should be recognized. Your ability to accurately recognize revenue is what keeps your SaaS business healthy. Not to be minimized or put on the back burner, but the insights provided by SaaS revenue recognition are key to knowing your financial performance.

Billing 98
article thumbnail

What is a Signature Identifier?

Nanonets

Today where documents flow seamlessly across industries and organizations, the need for robust signature identification has never been more critical. This advanced technology serves as a gatekeeper, verifying the authenticity of signatures and safeguarding the integrity of documents. From legal contracts to healthcare records and beyond, the applications of signature identification are as diverse as they are impactful.

Billing 52