ThomsonReuters

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. Webinar How to utilize generative AI to excel your tax and accounting services Learn how GenAI can help you create new insights, solutions, and opportunities for yourself and your clients.

Tax 110

Tax tax return Technology income tax 110

CPA Practice

APRIL 3, 2024

Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing. Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs.

Technology 64

Technology general ledger bookkeeping accounting software 64

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. How are you preparing and reviewing the tax return? Detect inaccuracies.

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. 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. As an undergrad, she majored in political science and pre-law. The result?

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

ThomsonReuters

MARCH 4, 2024

Any taxpayer who received a rejected e-filed tax return has a rejection grace period of 5 calendar days after the official filing deadline (usually April 15) to retransmit the return or extension. The IRS considers returns that are resubmitted electronically during the applicable timeframe as timely-filed returns.

tax return 98

tax return Tax corporation tax Account 98

ThomsonReuters

FEBRUARY 8, 2024

Jump to: Unlocking the power of advisory tools Deliver advisory engagements with Checkpoint Edge Advisory Maps Grow your firm with Practice Forward Advisory tools have emerged as transformative forces in the tax and accounting profession, empowering firms of all sizes to deliver efficient and effective services to their clients.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

MARCH 5, 2024

In this blog, we will explore the intricacies of Form 1042-S, exploring its purpose, who is required to file it, and the crucial information it contains. Additionally, if you are a non-resident alien or a foreign corporation receiving income from U.S. sources, you may also receive a Form 1042-S from the withholding agent.

tax return 52

tax return Tax Account accountant 52

ThomsonReuters

MAY 18, 2023

2023) Available at [link] As part of a larger employment discrimination lawsuit, a former employee alleged that her employer failed to notify her of her COBRA rights or timely process her request for continued health coverage. LLC, 2023 WL 2665727 (D.N.J. Contributing Editors: EBIA Staff.

Tax 93

Tax Account accountant accounted 93

Xero

JUNE 21, 2023

You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. Regardless of how our application was received, it made all of the team proud just taking a step back and reflecting.”

Account 118

Account accountant accounted accounting and finance 118

Accounting Seed

FEBRUARY 3, 2023

Here’s how to take control What was once a gentle push and recommendation to take your accounting to the cloud has become a mandate. Many of the big-name accounting software providers such as QuickBooks are officially ending support for desktop solutions. Do you need multiple apps to make your accounting system work as desired?

accounting software 98

accounting software Account accountant accounted 98

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. The most successful accounting firms are making the investment today to optimize growth tomorrow. Let’s take a look at how AI is transforming the way accountants work and why it will help shape the future of the profession.

Technology 98

Technology Tax audit accounting firms 98

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. Automated tax processes standardize workflows, reduce manual errors, and significantly reduce the time spent on repetitive tasks.

Technology 52

Technology accounting degree tax preparation cpa firm 52

ThomsonReuters

FEBRUARY 26, 2024

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

CPA 98

CPA South Dakota Nebraska Tax 98

CPA Practice

APRIL 24, 2023

Register Today Receive 1 hour of free CPE credit for participating in this live webcast. Whether you’re in the midst of digital transformation or just beginning to explore, you’re probably seeing new opportunities to improve your company’s AP processes with the help of technology. Please click here to log in.

Technology 80

Technology AP Processes Indiana CPA 80

Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. For example, when it comes to managing expenses, manual expense tracking and paper-based processes can lead to errors, delays, and inefficiencies.

Approval Workflows 84

Approval Workflows general ledger audit Expense Management 84

Xero

MARCH 13, 2024

Get on top of your outstanding payments & invoices Got any outstanding bills to pay, or money to receive? Save time on sending invoices and reminders in the new year by using an accounting software that does it for you. You can do this online, with accounting software or through your myIR account with Inland Revenue.

tax return 83

tax return bookkeeping accounting software payroll 83

ThomsonReuters

APRIL 17, 2024

This comprehensive study explores the attitudes, perceptions, and usage of GenAI among professionals in the legal, tax & accounting, risk & fraud, and government sectors. Respondents in the report envision it as a tool that can increase efficiency and productivity, streamline work processes, and improve work quality.

Tax 98

Tax tax preparation tax return Technology 98

Lockstep

JUNE 1, 2022

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. One of the most common reasons teams receive for non-payment is that an invoice wasn’t received.

Account 75

Account accountant accounted Technology 75

Xero

NOVEMBER 13, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK. What is eInvoicing?

small business accounting software 52

small business accounting software accounting software accounting system bookkeeping 52

Xero

OCTOBER 3, 2023

How to recognise new contact predictions in Xero You’re probably already familiar with our existing bank reconciliation predictions, where we display existing contact and account codes in italics. The post Our new AI-powered contact predictions have arrived appeared first on Xero Blog.

Transportation 107

Transportation Account accountant accounted 107

Basis 365

JUNE 29, 2023

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 record transactions, reconcile accounts, and generate financial statements. They record transactions, reconcile accounts, and generate financial statements.

bookkeeping 90

bookkeeping accounts payable basic accounting accounting and finance 90

ThomsonReuters

JULY 25, 2023

Overpayments and repayments are two of the most common anomalies that could complicate year-end and W-2 processing. Overpayments and repayments in the current year Overpayments are considered paid when received and must be included in the employee’s income when received. ABC will issue the net transaction on Mike’s W-2.

Tax 98

Tax income tax tax return payroll 98

Basis 365

JUNE 1, 2023

Marketing agencies often make accounting mistakes due to their primary focus on marketing activities rather than financial management. However, a practical solution to avoid these pitfalls is to consider outsourcing their accounting needs to professionals who specialize in accounting services for marketing agencies.

Account 97

Account accountant accounted financial statements 97

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.

accounting software 98

accounting software quickbooks Account accountant 98

ThomsonReuters

AUGUST 25, 2023

Take this example: Your business client purchased software in December 2022 to process payroll, accounts payable, and accounts receivable, but they didn’t put that software into service until January 2023. Depreciation and amortization are essentially the same concepts in accounting.

Tax 97

Tax Technology Manufacturing payroll 97

ThomsonReuters

NOVEMBER 15, 2023

For accountants, navigating the complexities of Form 8283 and the tax implications of non-cash charitable contributions is essential in providing solid financial guidance to clients and optimizing their tax benefits. Accountants should ensure compliance with IRS regulations to maximize the tax benefit for their clients.

tax return 98

tax return Tax tax planning Real Estate 98

Snyder

JULY 13, 2022

Since eBay’s migration to their own card processing and consolidated payment service is continuing progressively, eBay Managed Payments has become a hot topic for discussion among the sellers community. How to set up Managed Payments account on eBay. Simply put, eBay Managed Payments handles the end-to-end payment process.

E-commerce 98

E-commerce accounting and finance Sales quickbooks 98

ThomsonReuters

APRIL 6, 2023

Accounts payable and accounts receivable are opposite but interconnected procedures. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Let’s take a look at their differences. What is the difference between accounts receivable and accounts payable?

accounts payable 52

accounts payable Account accountant accounted 52

MineralTree

JANUARY 25, 2024

This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Automating AP processes also helps these teams do more with less — 61% of finance teams that have automated AP can process more invoices without increasing the size of their team. What else does this mean for these teams?

accounts payable 69

accounts payable AP Automation Account accountant 69

Snyder

OCTOBER 27, 2022

This blog will teach you how to receive payments on Etsy , both including and apart from PayPal. This blog is a part of a series dedicated to the most popular e-commerce marketplaces’ payment solutions. Payment processing fees. How is tax paid with an Etsy seller account. Fees and taxes with Etsy. Listing fees.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

Nancy McClelland, LLC

MARCH 22, 2024

If a taxpayer claimed and received ERC funds, and for whatever reason now realizes that they may not actually have qualified (either for a particular period or for the whole thing) — they can return 80% of the money to the IRS and call it a day. Participating businesses do not need to repay all 100% of the payment they receive.”

Tax 52

Tax tax preparation CPA audit 52

ThomsonReuters

APRIL 14, 2022

According to the IRS, several million filed returns have not yet been processed, and this suspension will help avoid confusion when filings are still in process. Filers may still receive these notices during the next several weeks. Contributing Editors: EBIA Staff.

Tax 98

Tax Account accountant accounted 98

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Marketing for Accountants 101. 1 Get Blogging. #2 4 Viral Marketing for Accountants. #5

Account 98

Account accountant accounted accounting firms 98

Xero

OCTOBER 3, 2022

This is a guest blog post attributed to Jin Lee, Digital Strategy Specialist at W.L.P For example, SMEs looking for ways to improve their accounting processes can adopt cloud-based accounting tools, like Xero, for real-time visibility into their financial data. Get a quotation for Xero from your accounting partner.

Technology 75

Technology accounting firms Government Account 75

ThomsonReuters

JUNE 15, 2023

The guidance details the process for obtaining the extension, including providing CMS with documentation of the effective date and term of existing CBAs, receiving CMS approval, and then submitting a renewal opt-out election to extend the plan’s existing election. Contributing Editors: EBIA Staff.

Tax 96

Tax Account accountant accounted 96

Xero

NOVEMBER 21, 2022

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. Learn more about Baker Tilly Advantage’s next-level cloud accounting here.

Agriculture 86

Agriculture Technology accounts payable audit 86

ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

accounts payable 52

accounts payable Account accountant accounted 52