Xero

SEPTEMBER 7, 2022

We launched part one , which examined and offered insights into how small businesses can improve their cash flow management, at Xerocon London in July. It identifies three early warning indicators that small businesses and their advisors need to be on the lookout for to ensure they stay on top of cash flow management. .

bookkeeping 97

bookkeeping payroll Start-ups Account 97

Accounting Insight

AUGUST 15, 2023

As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travel expenses. In this blog, we’ll provide you with a helpful guide about reimbursable travel expenses. Which travel expenses are deductible?

Travel Expense Management 52

Travel Expense Management Expense Management Transportation accounting and finance 52

CPA Practice

MAY 12, 2023

It’s a discipline that requires a rigorous approach to measuring and analyzing the effectiveness of tactics.” For retention activities, assign a budget by customer level and consider it an expense rather than a marketing cost. It produced a profit, but the campaign was less effective. Retention activities are supporting efforts.

Sales 98

Sales Account accountant accounted 98

CPA Practice

OCTOBER 4, 2023

For most small and midsize businesses (SMBs), tracking expenses is a necessary – and likely painful – task. Given recent economic fluctuations, it’s understandable that many SMBs are looking for simple, efficient ways to better understand what is happening with their expenses. By Brandon Roth.

Spend Management 59

Spend Management Expense Management Account accountant 59

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

ThomsonReuters

APRIL 28, 2022

The IRS has released an information letter regarding the requirements for expenses to qualify as medical care under Code § 213. In contrast, expenses for services that have no purpose other than to treat a specific disease, illness, or mental defect may qualify as medical care. IRS Information Letter 2022-0005 (Feb.

Expense Reimbursements 105

Expense Reimbursements Tax Account accountant 105

Steve Feinberg

OCTOBER 9, 2023

In this blog post, we’ll explore the common cash flow challenges faced by web designers, and examine some strategies to help you manage cash flow problems to keep your business operating smoothly. Overhead Expenses and Fixed Costs Running a web design business comes with its fair share of overhead expenses and fixed costs.

quickbooks 52

quickbooks bookkeeping accounting and finance tax preparation 52

Acterys

FEBRUARY 7, 2023

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Developing an effective inventory plan is crucial since it helps to enhance customer satisfaction, increase profitability, reduce costs, and improve cash flow.

Maine 130

Maine Sales Manufacturing audit 130

Acterys

FEBRUARY 22, 2023

These reports are then used by executives, managers, and other stakeholders for operational and strategic reasons. In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business.

financial statements 130

financial statements accounting and finance Sales Finance 130

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

Basis 365

APRIL 3, 2023

One of the most significant expenses for any Shopify store is the fees charged by the platform. In this blog post, we'll discuss how to break out Shopify fees for accurate financials and the benefits of outsourced e-commerce accounting. Are Shopify Fees COGS or Operating Expenses?

E-commerce 102

E-commerce financial statements Sales Account 102

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. For vertical analysis, you break down the financial statement into categories like revenue and expenses and then calculate the percentage that each category represents out of the total.

financial statements 130

financial statements accounting and finance accounts payable Sales 130

Xero

AUGUST 7, 2023

Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help solve those key business challenges. Expensify Expensify is a payments app that helps individuals and businesses around the world simplify the way they manage money.

bookkeeping 92

bookkeeping E-commerce Tax Account 92

Xero

NOVEMBER 15, 2022

Apps can help automate your admin, generate insights, manage your day-to-day operations and give you access to deep analytics for smarter business decisions. Rostering and managing staff. Employees are the lifeblood of any small business but managing staff can be very time consuming. Tracking expenses and stock.

E-commerce 90

E-commerce Approval Workflows payroll Sales 90

ThomsonReuters

JANUARY 8, 2024

AI-powered analytic tools can analyze financial data from multiple sources, including bank statements, invoices, and expense reports. Also, AI-powered analytics can predict future financial trends, helping firms plan and strategize effectively.

Tax 101

Tax Account accountant accounted 101

ThomsonReuters

AUGUST 25, 2023

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. This was during the five years (2018 through 2022) that 100% bonus depreciation was in effect under TCJA.

corporation tax 98

corporation tax Tax income tax financial statements 98

Acterys

JANUARY 31, 2023

As retailers and manufacturers try to rebuild responsibly in a post-pandemic world, the importance of effective inventory planning has never been greater. Forecasting optimal inventory levels is a big part of inventory management. A successful approach to managing supply can yield significant benefits for any business.

Manufacturing 130

Manufacturing Sales Maine Retail 130

ThomsonReuters

OCTOBER 19, 2023

Managing amortization of bonds Do you have clients looking to issue bonds? The amortized bond’s discount is shown on the income statement as a portion of the issuer’s interest expense. Interest expenses, which are non-operating costs, help businesses reduce earnings before tax (EBT) expenses.

auditor 52

auditor Tax accounting and finance Account 52

Withum

NOVEMBER 9, 2022

Two weeks ago, I suggested a way to make withdrawals from your asset base to cover living expenses. I do not care to discuss that rule, but I want to reaffirm the explanations in my earlier blog. Each of these, and I mean each of these, has a profound effect on withdrawals. Contact Us.

Tax 72

Tax Account accountant accounted 72

Basis 365

JUNE 1, 2023

Marketing agencies often make accounting mistakes due to their primary focus on marketing activities rather than financial management. Mistake #1: Lack of Communication One of marketing agencies' biggest mistakes when outsourcing their accounting services is failing to communicate effectively with their outsourced accounting team.

Account 97

Account accountant accounted financial statements 97

Basis 365

MARCH 20, 2023

The topic has been all over the news, a steep incline in prices and as businesses face the effects of inflation, adopting suitable strategies to mitigate its impact is essential. In this blog, we'll discuss five business inflation strategies focused on accounting. Inflation can have both short-term and long-term effects on businesses.

Account 52

Account accountant accounted bookkeeping 52

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

MARCH 20, 2024

Each year, accounting firms perform approximately 40,000 Single Audits, making the time, effort and expenses involved in them overwhelming, to say the least. Auditors and managers can simultaneously sign off on multiple procedures, quickly check all engagement overviews, and identify missing answers.

audit 52

audit auditor cpas financial statements 52

xendoo

AUGUST 30, 2021

Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. In this blog post, we will explore these key differences so that you can make the best choice for your business! So, how do you choose the right financial partner for your business?

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. One way to achieve this is by utilizing an i ntegrated online solution to manage all types of engagements. What are the steps to establishing an audit engagement process?

audit 98

audit Non-Profits Technology auditor 98

ThomsonReuters

SEPTEMBER 7, 2023

This form requires the taxpayer to provide information about the qualifying individual, the expenses incurred, and any dependent care benefits received.  To qualify for this tax credit, the taxpayer must prove child or dependent care is necessary to enable the taxpayer and their spouse (if married) to work or look for work.

Tax 52

Tax income tax tax return tax preparation 52

Xero

JULY 20, 2022

And, we’ve offered some insights into how small businesses can improve their cash flow management to stay afloat, hire, and grow. Negative cash flow – when expenses in a given month exceed revenue – can create significant challenges for small businesses, particularly those with limited access to credit. months in Australia, 4.0

bookkeeping 105

bookkeeping Government Maine Start-ups 105

ThomsonReuters

JANUARY 13, 2022

As background, these laws and implementing regulations (see our Checkpoint article ) generally require group health plans and insurers to cover COVID-19 diagnostic testing without cost-sharing, prior authorization, or other medical management requirements. Effective Date. Fraud and Abuse. Contributing Editors: EBIA Staff.

Education 98

Education Tax Retail Account 98

CPA Practice

APRIL 22, 2024

Tailoring your online presence can attract new clients and engage existing ones more effectively. Write Blog Posts or Articles: Focus on topics relevant to your clients’ needs, such as summer tax tips, ways to improve financial health, or updates in financial regulations. Summer is a good time to focus on content development.

accounting firms 52

accounting firms Account accountant accounted 52

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). In this blog post, we’ll dive into the transformative world of AP technology to explore its role in modern financial operations and how it can help businesses save time and money.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

ThomsonReuters

MARCH 9, 2023

2023) Available at [link] Two self-insured health plan participants diagnosed with a rare health condition incurred prescription drug expenses of over $50 million, leading the employer plan sponsor to file this lawsuit against the plan’s pharmacy benefits manager (PBM) and stop-loss insurer. Contributing Editors: EBIA Staff.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

AUGUST 24, 2023

Tax depreciation and state-level complexities Managing depreciation of fixed assets Tax depreciation, which enables business clients to reduce the amount of their reported taxable income, may seem straightforward at first glance. Section 179 is also an immediate expense deduction, similar to bonus depreciation. What is MACRS?

Tax 87

Tax business tax tax return Account 87

Reckon

NOVEMBER 28, 2022

Recently, I sat down with Sam Allert (CEO of Reckon) to pitch some upcoming blog stories, and our conversation took a turn to one of his passions: staff training and education. Training is an investment, not an expense. Training doesn’t need to be expensive courses or paid study leave. Management training. Sales training.

Education 52

Education Sales 52

Xero

JANUARY 14, 2024

Trend #1: The cost of AI will need to be managed The next big thing for AI will be cost — or rather, how to contain the runcost of AI. These companies are effectively paying us to play around with the tools and are not making money from AI (yet). The post Four trends that will shape AI in 2024 and beyond appeared first on Xero Blog.

Technology 86

Technology Manufacturing Start-ups Account 86

Xero

JULY 20, 2022

Launched today, the report found that the average UK small business faces cash flow crunches – where monthly expenses exceed revenues – for more than four months each year. The post It’s big, it’s beautiful and it’s back – Xerocon London 2022 appeared first on Xero Blog. Final thoughts. I can’t wait to do it all again tomorrow.

bookkeeping 72

bookkeeping payroll income tax accounting software 72

ThomsonReuters

DECEMBER 6, 2022

Quality and reliable ESG information starts with solid reporting by company management, and auditors are ideally positioned to help build that trust and credibility. Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting?

auditor 59

auditor Account accountant accounted 59

Withum

SEPTEMBER 8, 2022

generally accepted accounting principles [GAAP], that the company maintained effective internal controls, that the audits were conducted in accordance with standards of the U.S. Independent” means the firm, its partners, and certain family members can have no investment, creditor, management or other involvement in the company being audited.

accounting principles 119

accounting principles auditor audit financial statements 119