Xero

SEPTEMBER 27, 2023

Think: building rosters, managing timesheets, setting wages, processing payroll and communicating to your teams. Manual processes leave room for error which can also affect your balance sheet. Planday has a great blog which looks at more ways that employee management can improve your cash flow.

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ThomsonReuters

JULY 6, 2023

Tax provision software employs advanced algorithms and automation, minimizing the risk of errors and providing accurate calculations. Using APIs, provision calculations are automated, saving tax professionals time and effort, while also reducing the risk of error. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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DuctTapeMarketing

JULY 24, 2018

Tips for Outsourcing Your Payroll. Tips for Outsourcing Your Payroll. For small business owners, managing payroll can be a costly endeavor. If you’re beginning to feel out of your depth with internal payroll management, it may be time to consider outsourcing the process. Why to ask it: Not all payroll is the same.

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Xero

FEBRUARY 15, 2023

For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 Step one: Post the last pay run Make sure all your pay runs for the financial year have been posted.

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ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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Xero

DECEMBER 6, 2022

As we near the end of the year and begin to wind down for the summer break, it’s a good time to make sure you’ve got your payroll sorted. We get asked lots of payroll questions around this time of year so here are the answers to the most common ones. How do I pay my employees all their holiday pay? How do I process this?

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Xero

JANUARY 31, 2023

Here are the latest features we’ve introduced to new reports: The current column in Aged reports is now automatically hidden when it’s not needed (such as when ageing by invoice date) or if it’s empty You can now run aged reports at the end of the current month by default, instead of ‘as at’ today’s date We’ve changed the Aged reports so that invoices (..)

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ThomsonReuters

OCTOBER 24, 2023

Data consolidation challenges, complex calculations, and reporting requirements can turn the trek into a daunting ordeal fraught with time-consuming inefficiencies and greater risk of errors. based CFO Consultants, in a blog post. based CFO Consultants, in a blog post. accounting software, payroll, etc.)

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ThomsonReuters

APRIL 26, 2022

Technology tools that automate key accounting processes will save you time, minimize the chance of errors, and improve efficiency. Follow our tax blog for more insights, and keep reading to learn how accounting firms can plan a smoother technology implementation. Weaknesses: What operational challenges do you have? Staff training.

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ThomsonReuters

JUNE 16, 2023

That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients. Does your technology lack scalability?

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide. 15, 2022.

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ThomsonReuters

JANUARY 4, 2024

Your manager assigns you to head up a team project with three of your coworkers that involves analyzing client data for errors, but the instructions are vague. Delegate or outsource where you can 4. Schedule downtime – and don’t skip it 5. Extended hours. Poor management. Unreasonable workload.

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Xero

MAY 24, 2023

So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. This means you can reconcile multiple records faster while minimising errors in manual data entry. EOFY 2023).

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ThomsonReuters

JUNE 2, 2023

A recent Treasury Inspector General for Tax Administration (TIGTA) report shows that although 95% of the total deferred Social Security tax has been paid, some 384,314 employers still owe the IRS approximately $6 billion in this payroll tax and will be subject to collection actions. The IRS also has a Form 941 backlog of 2.1

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ThomsonReuters

MARCH 30, 2023

an employee might easily write $5,000 instead of $500, but it is less likely that $5,000 was written instead of $2,400); assessment of the employee’s truthfulness; proximity to the first payroll date after the new election is in force; and any change in the employee’s circumstances that might indicate reconsideration rather than mistake.

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ThomsonReuters

FEBRUARY 6, 2024

The more common types of direct tax are: Individual income tax Corporate income tax Capital gains tax Estate tax Property tax Payroll tax Individual income tax One type of direct tax is individual income tax, which is also known as personal income tax. This is the opposite of indirect tax. Sounds pretty straightforward, right?

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ThomsonReuters

JUNE 16, 2023

When someone is found guilty of committing accounting fraud, they are subject to criminal prosecution. Overstating revenues To improperly inflate revenues, a company may post sales before they are made or prior to payment. Do you know how to spot it? How widespread is corporate fraud?

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Xero

JULY 18, 2022

This is a guest post by Lara Mulady, Senior Content Strategist at Pleo – an end-to-end expense management solution that seamlessly integrates with Xero. . It basically means, the grunt work is taken care of (while also reducing the risk of human error). . Accounting has always been a careful balance of calculations and consulting.

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ThomsonReuters

NOVEMBER 4, 2021

After some back-and-forth between the employee and the insurer, during which the employee corrected errors in his evidence-of-insurability form and provided additional materials, the insurance company informed him that it was unable to approve the coverage. Available at [link]. Contributing Editors: EBIA Staff.

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ThomsonReuters

FEBRUARY 14, 2022

However, there are seven key factors to consider before posting your next job advertisement. With different tax, accounting, and payroll software and solutions , you need to find employees who are familiar with and comfortable working with various systems. Company culture. Work style. Another important consideration is work style.

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Xero

SEPTEMBER 5, 2022

V eem’s robust two-way integration uses Xero as the source of truth to eliminate double data entry, reduce human error, and provide automatic reconciliation. Xero recently hosted Xerocon New Orleans , one of the most anticipated events on the calendar for cloud accounting leaders. Improving cash flow in times of inflation. ApprovalMax.

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Xero

JULY 31, 2022

We have also changed the name of ‘My Payroll’ to ‘Xero Me’, aligning it with the mobile app that has been enhanced to empower employees to track their own start and end times. Other improvements include separate bank account prefix and bank account number fields (Australia, UK and US), and better error messaging. New features.

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Xero

JULY 6, 2022

This reduces the cognitive stress and burden of processing payments for small business owners and speeds up month-end processes, such as payroll and accounts payables. Pleo admins can retrieve account numbers/nominal codes and corresponding VAT from their Xero chart of accounts, which can be tied to the expense categories in Pleo. GoCardless.

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Nancy McClelland, LLC

JANUARY 18, 2024

First off, as the company/ employer, I received an email from Gusto (though it incorrectly stated that these are client tasks, rather than firm tasks) stating that I need to distribute important payroll forms to recipients before the IRS deadline of January 31, 2024. ” I clicked on “Create packet”, and nothing happened.

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ThomsonReuters

JULY 7, 2021

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. These two federal laws contained payroll-related provisions aimed at helping employers and employees during the pandemic. IRS provides common errors when filing Form 7200.

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ThomsonReuters

APRIL 18, 2023

However, one could argue that the cash flow statement is the most critical as it summarizes the amount of cash flowing in and out of an organization. Inaccuracies  Inaccuracies can result in misinformed decision making, which can be devastating to a business. This article will look to answer these questions, and more. The client brought in $53.66

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inDinero Accounting

DECEMBER 13, 2021

Beyond that, most accounting softwares offer many additional features including, but not limited to, payroll, tax filing, and inventory tracking. Check out these blogs: Tax & IRS Audit Help. QuickBooks and Netsuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances.

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. Ready to dive in?

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Snyder

MAY 10, 2022

It minimizes errors. Using automated features and checkers on your accounts payable speeds up the process and limits the margin for error from your finance team. Using automated features and checkers on your accounts payable speeds up the process and limits the margin for error from your finance team.

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inDinero Accounting

DECEMBER 13, 2021

Beyond that, most accounting softwares offer many additional features including, but not limited to, payroll, tax filing, and inventory tracking. QuickBooks and NetSuite Oracle are two popular cloud-based accounting management softwares that can help manage your day-to-day finances. Of course, each software offers different features.

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5 Minute Bookkeeping

APRIL 22, 2021

QuickBooks cleanup projects can easily become overwhelming and time-consuming, especially if you’re not sure where to start. That’s why I always recommend using a cleanup checklist for successful QBO cleanups. It will help you stay on track, make sure nothing is missed, and give you confidence in the end result. What order should I work in?

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ThomsonReuters

DECEMBER 5, 2023

As the end of the calendar year approaches, businesses embark on the crucial task of finalizing their payroll processes. Balancing artificial intelligence As a way to help minimize errors and speed up certain tasks associated with payroll year-end, some businesses are implementing next-generation artificial intelligence (AI).

payroll 98

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Xero

AUGUST 22, 2022

This week, one of our most highly requested product updates will be going live in Xero Payroll: payroll history. What exactly is payroll history? With payroll history, any time anyone (or anything) makes an update, it’s captured and shown in Xero. When will payroll history be available? . So, what does this mean?

payroll 113

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Basis 365

MARCH 30, 2023

We have previously written a blog about each of the three alternative options in more detail that may be of use. Not only has this exercise been useful for prospective customers, we found it useful internally to ensure we continue to hit full stars in these critical areas. You'll find a deeper dive in to each item we scored below.

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LyfeAccounting

OCTOBER 14, 2020

And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Examples are a payroll liability or a loan from a bank. But reconciling helps to catch all errors. ? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business.

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Xero

FEBRUARY 19, 2023

The moment is here; the final step of Xero’s Single Touch Payroll Phase 2 roll out is now available to all customers. Once your payroll data is updated and you’ve marked each step as complete in the STP2 Portal, you’ll be able to enrol in Phase 2 reporting – step four of the transition. But can’t I just transition in March?

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ThomsonReuters

FEBRUARY 15, 2022

The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. Bureau of Labor Statistics posts the CPI each month for a number of geographic regions in the United States. For the purposes of payroll, the CPI is important for topics such as minimum wage and benefits. population.

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