CPA Practice

NOVEMBER 14, 2023

QuickBooks Online Accountant improvements QuickBooks Online Accountant (QBOA) is the one place accounting professionals go to manage their firm and QuickBooks clients. New discounts and benefits for full-service accounting firms that also use Intuit ProConnect Tax.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

TaxConnex

SEPTEMBER 20, 2022

This blog will conclude our top 10 list with a look at 5 missteps to avoid when handling and resolving the audit. It’s also a good idea to assign one person from your company to manage the relationship with the auditor. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here). Not keeping your cool.

audit 191

audit Sales Tax auditor 191

Basis 365

NOVEMBER 30, 2023

The importance of efficient cash flow management cannot be overstated for small or rapidly growing businesses. One critical aspect is the management of accounts payable (AP). Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management.

accounts payable 102

accounts payable Account accountant accounted 102

ThomsonReuters

DECEMBER 1, 2023

As explained by the IRS , this limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $2,890,000. More specifically, it is used to report the following, according to the IRS: The special depreciation allowance for automobiles and other listed property. 31, 2022.

tax return 97

tax return Tax Transportation Non-Profits 97

CPA Practice

MARCH 21, 2024

“Our goal is to provide them with a simple and affordable bookkeeping and accounting solution so they can focus the bulk of their time on selling, not managing their finances.” It connects to banks and credit cards to import data on inventory costs and other business expenses. A How-To video demonstrates how easy it is to use.

bookkeeping 52

bookkeeping Account accountant accounted 52

CPA Practice

MAY 12, 2023

Calculate it by tracking campaign lead source, campaign cost, lead and customer tracking, customer lifetime value, sales cycle length, and customer journey. A CRM like Salesforce Pardot or HubSpot helps track and calculate ROI, with cost, ROI, opportunities, and prospects from built-in reports.

Sales 98

Sales Account accountant accounted 98

Basis 365

JULY 25, 2023

Effective financial management is crucial for the success of any business, including marketing companies. So, let's explore the top accounting KPIs vital for a marketing company's financial management. Client Acquisition Cost (CAC) : CAC measures the cost of acquiring new clients for the marketing company.

Account 97

Account accountant accounted accounting system 97

ThomsonReuters

FEBRUARY 16, 2024

They’re also increasingly sharing companies’ financial data among themselves and want more direct visibility into firms’ business activities by accessing their financial data and reporting processes. Country-by-Country Reporting (CbCR) laws also complicate compliance matters. This makes data management matter more than ever.

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

FEBRUARY 28, 2024

A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers. I wanted to be the best manager and have the best firm, and create a culture where everyone is happy, and we can continue growing.”

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

MyIRSRelief

AUGUST 1, 2023

In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles. However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies.

payroll tax 130

payroll tax Tax payroll audit 130

Acterys

FEBRUARY 14, 2023

Selecting the right inventory planning solution is critical for efficient supply chain management. In this blog, we will explore the various solutions available for inventory planning and help you choose the best that fits your business needs. Multi-dimension price forecasting based on categories, material/cost drivers, suppliers, etc.

Technology 130

Technology Start-ups Manufacturing Finance 130

ThomsonReuters

AUGUST 25, 2023

Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally. Jump to: What is software depreciation? Can software be amortized?

Tax 97

Tax Technology Manufacturing payroll 97

Xero

JANUARY 30, 2024

Australia’s current property market presents both challenges and opportunities, with changing tenancy rules and rental controls, and the impact of interest rates and cost of living pressures. Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment.

Account 95

Account accountant accounted accounting and finance 95

PYMNTS

NOVEMBER 25, 2020

JD.com has rolled out its new Jinghui Digital Supply Chain Platform, which a company blog says will work to provide full-scale digital supply chain support. JD will aim to boost management of its 6 million SKUs and have around 34 turnover days. The new Jingui product will help improve the chain and lessen costs, the blog says.

B2B 87

B2B 87

Basis 365

JUNE 29, 2023

When managing your company's finances, several roles come into play. In this blog, we'll explore the differences between a bookkeeper and a controller and help you determine which role(s) you need for your business. They may also manage payroll and prepare sales tax filings. But do you need both or can you get by with just one?

bookkeeping 90

bookkeeping accounts payable basic accounting accounting and finance 90

Acterys

JANUARY 31, 2023

Forecasting optimal inventory levels is a big part of inventory management. In this blog, we cover some basics about inventory planning: what it is, why do you need it, and what are its benefits and challenges. A successful approach to managing supply can yield significant benefits for any business. What is inventory planning?

Manufacturing 130

Manufacturing Sales Maine Retail 130

TaxConnex

SEPTEMBER 15, 2020

Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. To start, you’ll need to gather your data reports.

Sales 225

Sales Tax tax consultant cpa firm 225

Basis 365

APRIL 3, 2023

In this blog post, we'll discuss how to break out Shopify fees for accurate financials and the benefits of outsourced e-commerce accounting. You may think of sales channel costs as costs of goods sold (COGS) but they are actually operating expenses. We recommend grouping them in a section called “Selling Costs”.

E-commerce 102

E-commerce financial statements Sales Account 102

Acterys

FEBRUARY 22, 2023

They are responsible for supporting the financial planning and decision-making processes of an organization through data analysis and reporting. Types of Financial Reports for FP&A Teams One of the main responsibilities of an FP&A team is to assess the financial well-being of a company by compiling reports.

financial statements 130

financial statements accounting and finance Sales Finance 130

Acterys

JULY 10, 2023

In this blog post, we will explore the concept of AI within the realm of FP&A (Financial Planning and Analysis) and examine the potential benefits it offers in terms of generating valuable financial insights. AI solves the problem of big data AI in FP&A can also help you better manage zettabytes of information. applications.

Gaming 130

Gaming accounting and finance accounting software Technology 130

Xero

FEBRUARY 6, 2023

Although the peak of COVID-19 may have passed, rising inflation and cost of living pressures – amidst ongoing local and global disruption – are presenting a whole new set of obstacles. The data and stories in our new State of the industry report reveal the early stages of an industry-wide transformation.

bookkeeping 100

bookkeeping Education Account accountant 100

Menzies

DECEMBER 11, 2023

However, transformation comes at a significant cost and feasibility will need to be investigated with consideration of both available tax reliefs and timing of investments. The opportunity cost of not investing, will also need to be factored in as businesses will need to remain competitive in the evolving marketplace.

Technology 52

Technology Transportation chartered accountant Tax 52

Xero

APRIL 17, 2024

What used to be time consuming and cost-prohibitive is now quick and affordable, and readily available to businesses of all kinds. However, we’re now seeing streamlined software solutions, such as Greenly , Ecologi (UK only) and Sumday , managing this process from start to finish. appeared first on Xero Blog.

Account 91

Account accountant accounted accounting apps 91

Acterys

JULY 12, 2023

This blog will guide you on what vertical analysis is, how to perform it, and how it can help your business to scale through data-driven decisions. This financial analysis can help you build a solid financial report by comparing the percentages to the budgeted expectations. What is vertical analysis?

financial statements 130

financial statements accounting and finance accounts payable Sales 130

Xero

JULY 20, 2022

Running a small business certainly isn’t easy — and the pressure only increases when it comes to managing employees. In fact, research we recently conducted in partnership with Lonergan Research revealed almost half (49%) of UK small business owners surveyed said managing employee processes and compliance was taxing on their mental health.

payroll 93

payroll Technology Tax Account 93

ThomsonReuters

NOVEMBER 29, 2023

That’s why it is crucial for firms to integrate technological solutions to streamline processes and manage compliance risk. Nadya Britton, Enterprise Content Manager for Thomson Reuters, emphasizes the critical role of technology in managing tax risk. It can help under-resourced departments manage audits effectively.

audit 98

audit Technology Tax corporation tax 98

Xero

SEPTEMBER 7, 2022

Today, we launched our Changing world of work reports for Australia and New Zealand. Through this research, conducted in partnership with Lonergan Research, we found that managing employee processes is negatively impacting the mental health of almost half of Australian employers and more than a third of New Zealand employers.

payroll 84

payroll Retail Technology bookkeeping 84

Xero

OCTOBER 27, 2022

Small businesses have survived – and continue to face – a myriad of challenges from a global pandemic, supply chain disruptions, and now impacts of inflation and the rising cost of living. Our XSBI data shows sales growth has generally been slowing so far in 2022 in all five of the countries we’ve reported on. Canada data.

Sales 88

Sales bookkeeping 88

Going Concern

MAY 30, 2023

The number of people taking CPA exams in 2022 was just over 67,000, down from 72,000 in 2021 and short of the institute’s forecast of 74,000, according to a note in AICPA’s annual report published this month. The ICAEW imposes a levy on its members to cover the costs the FRC bills to it for doing this. PwC partner Thomas F.

CPA 76

CPA institute of chartered accountants Government chartered accountant 76

ThomsonReuters

AUGUST 25, 2023

Managing vehicle tax depreciation with software Running a successful small business is hard work and expensive. Tax depreciation is the recovery of the cost of property, such as a business vehicle, over a number of years. A portion of the cost is deducted every year until the taxpayer fully recovers the cost.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

AUGUST 25, 2023

Managing rental property depreciation with software Owning rental property can be an attractive real estate investment for many given the ability to collect rent and profit from the future, long-term sale of the property. Jump to: What is tax depreciation on rental property? What are the depreciation systems?

Tax 52

Tax Account accountant accounted 52

Xero

APRIL 16, 2023

Many of the apps are low-cost or free and require very little in the way of additional resource to start driving change in your business, because they leverage the data you already have in Xero. The post How apps can make it simple to take climate action in your business appeared first on Xero Blog. Ecologi Zero. Zero Carbon.

accounting and finance 108

accounting and finance audit financial accounting Account 108

Xero

MAY 23, 2023

Diving into digital With all clients on Xero, Adams O’Rourke uses a suite of additional tools from the Xero ecosystem to manage onboarding, data capture and Xero health-check reports all the way through to reporting and tax. To find out more about Adams O’Rourke, visit www.adamsorourke.co.uk.

bookkeeping 66

bookkeeping Account accountant accounted 66

Xero

SEPTEMBER 7, 2022

Today, I am thrilled to launch part two of our Xero Small Business Insights special report Crunch: Cash flow challenges facing small businesses. We launched part one , which examined and offered insights into how small businesses can improve their cash flow management, at Xerocon London in July. These red flags are: Late payments.

bookkeeping 97

bookkeeping payroll Start-ups Account 97

ThomsonReuters

AUGUST 25, 2023

Managing book and tax depreciation with software Depreciation. Unlike how other expenses are recorded, this method deducts a portion of the cost of a fixed asset over a number of years due to declines in the fair value of that asset. This ultimately reduces the net income reported by a company. What is accelerated depreciation?

Tax 52

Tax tax return accounting principles Account 52

Xero

OCTOBER 24, 2022

Opening the day, Managing Director of Xero Asia, Koren Wines will unveil some topline findings from our annual Singapore State of Accounting Industry Report. The post What you can expect from this year’s Xero Singapore Roadshow appeared first on Xero Blog. Here are some things you can expect. Benchmark your practice.

bookkeeping 98

bookkeeping Technology Account accountant 98

ThomsonReuters

JUNE 16, 2023

This blog will explore the talent and hiring trends within the accounting profession post-pandemic, and what the future may hold for accounting firms’ remote or hybrid work models. hybrid, hours) was near the top of the list, according to the Thomson Reuters Institute 2023 State of the Tax Professionals Report.

accounting firms 111

accounting firms Account accountant accounted 111