inDinero Tax Tips

NOVEMBER 20, 2023

The IRS has many rules outlining deductibility, and without a well-thought-out system for tracking business expenses , maximizing deductions while remaining protected from an audit can be a challenge. Consider indinero’s outsourced accounting services for your business needs if this sounds like you. Is Gas Tax Deductible?

Transportation 97

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Cherry Bekaert

APRIL 27, 2023

This includes the establishment of an effective board of directors, as well as the implementation of policies and procedures that promote transparency and accountability. Developing Employee Training and Education SOX also requires businesses to provide training to their employees on the policies and procedures that are in place.

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ThomsonReuters

MAY 27, 2022

In a recent webcast , Virginia Thompson, Senior Product Manager at Thomson Reuters, and Jeff Rohe, Vice President and Product Manager at Infor, discussed the latest global regulatory changes that businesses need to know to mitigate international trade risk and remain compliant. Let’s talk about forced labor in your supply chain.

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CTP

NOVEMBER 16, 2022

Artificial intelligence in accounting software is bringing new ethical challenges for professionals, their clients, and the public at large. A recent report by Acumen Research found that accounting professionals spent $1.5 Maybe because it has been trained on data that reflects human-created biases?

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inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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xendoo

FEBRUARY 15, 2022

The National Society of Accountants (NSA) reports that tax consultants typically charge between $176 and $457. You can expect to pay higher fees for accountants based in a larger city with a high cost of living. A tax consultant is trained in tax law and financial accounting. Is a Tax Advisor the Same as an Accountant?

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CPA Practice

JANUARY 19, 2024

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. The Role of Accounting in CAS 7. Or is it CAAS (Client Accounting and Advisory Services)? Pricing CAS Services 4.

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inDinero Tax Tips

NOVEMBER 20, 2023

The IRS has many rules outlining deductibility, and without a well-thought-out system for tracking business expenses , maximizing deductions while remaining protected from an audit can be a challenge. Consider indinero’s outsourced accounting services for your business needs if this sounds like you. Is Gas Tax Deductible?

Transportation 52

Transportation Tax bookkeeping audit 52

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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PYMNTS

FEBRUARY 6, 2019

This shift has been so acute that small business cloud accounting firm Xero is even petitioning the Oxford English Dictionary to change the definition of “accountant” to one that includes the word “advise.” Changing Demand. That demand for human talent, by the way, hasn’t decreased.

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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! 6511 does not coincide with the IRS’s ability to audit or make a tax assessment for errors found on a payroll tax return under IRC Sec. 6501 (see IRC Sec.

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PYMNTS

MAY 15, 2018

Patel said ground truth should always come from the vendor’s side, and there should be some manual elements involved in determining it, since human intelligence (not machine learning) is what identifies new fraud patterns and trends; the machine learning algorithms are trained off this intelligence.

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PYMNTS

SEPTEMBER 29, 2017

Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Managing liquidity and credit risk are definitely of main concern to FIs. Sixty percent said that internal regulatory examinations include an assessment of risk management practices.

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PYMNTS

SEPTEMBER 20, 2016

In the latest installment of Flywire ’s podcast series on Global Citizens and the top characteristics of x-border payment processors , we take a look at the compliance, rules and regulation side of getting high-ticket international payments from Point A to Point B.

Education 71

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ThomsonReuters

OCTOBER 21, 2022

Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? . Skills training?for There are also state and local laws, rules, regulations, and guidance related to payroll. Ceridian’s ?survey

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ThomsonReuters

OCTOBER 21, 2022

Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? . Skills training?for There are also state and local laws, rules, regulations, and guidance related to payroll. Ceridian’s ?survey

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Ryan Lazanis

AUGUST 22, 2022

Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Get to know the top accounting practice management software and why it is essential for your business. The Basics of Accounting Practice Management Software.

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. You pick the date that makes the most sense for you and your accounting firm.

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Going Concern

FEBRUARY 16, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. public accounting firms, however, turnover has continued to increase.

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CPA Practice

OCTOBER 27, 2023

Just giving you insights with practice management, tax, audit tools, workflow portals, really, I concluded nothing was off topic. I believe that you’re going to have to change tack software, audit software, document management software, workflow software. And you are crazy if you don’t upgrade.

Technology 59

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CPA Practice

OCTOBER 25, 2023

Just giving you insights with practice management, tax, audit tools, workflow portals, really, I concluded nothing was off topic. I believe that you’re going to have to change tack software, audit software, document management software, workflow software. And you are crazy if you don’t upgrade.

Technology 59

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Going Concern

JULY 29, 2022

note: fans of accounting news — all two of you — are encouraged to sign up for our newsletter to get headlines delivered to your inbox twice a week on Tuesday and Friday. The draft legislation uses a version of company income, as measured under US financial accounting rules, to determine what businesses owe in taxes.

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Going Concern

APRIL 5, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. There’s certainly been a lot of interest and activity in the accounting space by private equity.”

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