Xero

JUNE 2, 2024

Xero Payroll is already a valuable tool, helping you manage your payroll and accounting, all in one place. These updates ensure their look and feel is consistent with our recently modernised accounting reports. The post How we’re bolstering Xero Payroll in NZ with new value appeared first on Xero Blog. See you then!

payroll 73

payroll bookkeeping Account accountant 73

Ronika Khanna CPA,CA

MAY 5, 2024

Accounting software has come a long way in the past few years. Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

income tax 98

income tax Account accountant accounted 98

ThomsonReuters

APRIL 25, 2024

For accountants, you must also remind your clients that early distributions from qualified retirement plans or other tax-favored accounts may incur penalties and trigger the need to file Form 5329 – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. Other tax-favored accounts.

tax return 52

tax return income tax Tax Education 52

Xero

FEBRUARY 28, 2024

However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future. Check out our JAX demo video to see how it will work.

Technology 101

Technology accounting and finance Gaming Start-ups 101

Xero

AUGUST 7, 2023

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. GoCardless GoCardless puts you in control of collecting payments directly from your customers.

bookkeeping 93

bookkeeping E-commerce Tax Account 93

Xero

APRIL 25, 2024

We’ve popped the schedule below, but you can expect sessions on using the right tech to do more of what you love, payment solutions that boost your cash flow , and integrating your tools for a smoother practice workflow. Here’s why you should join us on 15-16 May at Accountex 2024. It’s all on at Xerocon!

payroll 80

payroll Technology Education Tax 80

Xero

NOVEMBER 16, 2022

From late November 2022, we’re introducing a new safety measure for automatic superannuation (auto super) payments within Xero Payroll. This requirement will see new and existing customers connect an active bank feed to their registered auto super account. . The sooner you do this, the more secure your account will be. .

payroll 101

payroll Account accountant accounted 101

Xero

JANUARY 24, 2024

However, paying on time means getting peace of mind that you’re meeting your GST payment obligations as a business, and avoiding late penalties that cut into your earnings. These due dates will depend on when you first registered your business for GST, and the accounting basis and ‘filing frequency’ you chose at the time.

bookkeeping 93

bookkeeping Sales accounting software Legal 93

ThomsonReuters

JANUARY 22, 2024

In this blog, we will explore key provisions of the act and their potential impact on taxpayers. Under the new legislation, businesses will need to file these forms for payments made after December 31, 2023, exceeding $1,000, instead of the previous threshold of $600.

Tax 105

Tax business tax accounting and finance payroll 105

Dent Moses

APRIL 22, 2024

If you are still writing checks to make tax payments, there is a much better (and safer) alternative. Both the IRS and the State of Alabama have excellent platforms for making payments electronically via bank draft. For a deeper dive, review our previous blog post on IRS and Alabama electronic payment options HERE.

Alabama 40

Alabama Tax tax return Account 40

SchoolofBookkeeping

MAY 12, 2023

If you're a QuickBooks accounting professional, you may have noticed a recent change in how new subscriptions to QuickBooks Online are handled. Intuit, the company behind QuickBooks, has started automatically creating QB Payments accounts for all new subscriptions. What Changed and What does this Mean? harm no foul.

quickbooks 98

quickbooks Account accountant accounted 98

ThomsonReuters

DECEMBER 19, 2023

For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Let’s take a look at how these tax incentives encourage the adoption of clean energy practices and how accountants can support their clients in making this shift.

Tax 110

Tax accounting and finance Manufacturing income tax 110

PYMNTS

AUGUST 3, 2020

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 Bloomberg News reported massive unemployment and lost wages among migrant workers threatening households in Asia-Pacific, where money transfer receipts could be trimmed by $54 billion this year, the blog authors wrote.

accounting and finance 101

accounting and finance Government Finance Account 101

Ronika Khanna CPA,CA

MARCH 5, 2024

There are essentially two ways to file your GST/HST online: CRA My Business Account Online Business Banking In this post, I will be reviewing how to do it via CRA My Business Account. If you have more complex transactions, that I don’t discuss here and you are not sure, I recommend speaking to an accountant. Click on this.

business accounting 59

business accounting Account accountant accounted 59

CPA Practice

MAY 15, 2024

Consumers facing a financial squeeze may be maxing out their credit cards and falling behind on payments, Fed researchers said. They noted in a blog post that “one observable factor that is strongly correlated with future delinquencies is a high credit card utilization rate.” It accounts for more that 70% of the total.

New York 52

New York Government Account accountant 52

Menzies

MAY 10, 2024

Menzies LLP - A leading chartered accountancy firm. Please refer to X blog for more information. LEASE ACCOUNTING There is a new model of lease accounting, based upon IFRS 16’s on balance sheet model. LEASE ACCOUNTING: Any new leases being entered into, especially those which are long term should be considered.

Non-Profits 52

Non-Profits chartered accountant accounting and finance accounting firms 52

CPA Practice

AUGUST 9, 2023

The percentage of Americans who are behind in their payments has also been on the rise. Delinquency rates have now returned to pre-Covid levels, but the two most recent quarters “appear to show some stabilization,” New York Fed economists wrote in a blog post. Federal student loan payments remain suspended until October.

New York 98

New York Start-ups Account accountant 98

ThomsonReuters

NOVEMBER 27, 2023

contains a detailed discussion on supplemental wage payments. You may choose to pay employees their additional wages on the same transaction as regular wages for a scheduled pay date, or you may choose to issue a separate payment on a different date. Payroll Guide ¶ 4100 et seq.

payroll 93

payroll income tax Tax Account 93

Snyder

OCTOBER 27, 2022

One thing that might be complicated is choosing a payment option that will work best for you — and one that will guarantee your customers an excellent online shopping experience. This blog will teach you how to receive payments on Etsy , both including and apart from PayPal. Selling in countries with and without Etsy Payments.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. AP check runs involve approving and issuing checks for vendor payments, with 36% of companies still making over half of their payments by check.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

Xero

MARCH 19, 2024

Pay runs in particular need to be easy and efficient for you, as well as your accountant and bookkeeper. Simply upload your latest government filing ( full payment submission ) into the payroll switching wizard and Xero will automatically transition your payroll records into Xero, guiding you step-by-step through the process.

payroll 86

payroll bookkeeping Start-ups Government 86

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Small business owners.

Account 52

Account accountant accounted bookkeeping 52

Xero

NOVEMBER 14, 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.

small business accounting software 105

small business accounting software accounting software accounting system bookkeeping 105

ThomsonReuters

MARCH 16, 2023

9, 2023) Available at [link] The IRS has announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act. 2023-17 (Mar. Current and previous penalty amounts are available on an IRS Q/A page.) Contributing Editors: EBIA Staff.

Tax 105

Tax Account accountant accounted 105

Lockstep

NOVEMBER 16, 2022

In today’s fast-paced, competitive business environment, it’s more important than ever to optimize your accounts receivable (AR) processes. One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy. Use automated payments to reduce manual processes.

Technology 88

Technology Account accountant accounted 88

Xero

MARCH 10, 2024

Student loan repayment thresholds are updating In Xero Payroll, the above rates are automatically applied to any pay runs with a payment date on or after 1 April. To make sure these pay runs are reported in the 2023 – 24 financial year, the payment date will need to fall on or before 31 March 2024. Four-weekly $1,856 Monthly $2,010.67

payroll 73

payroll Tax Start-ups Account 73

Xero

JULY 31, 2023

In fact, using three-monthly averages to smooth out monthly volatility, once you take into account price movements over the past year (by using national CPIs) Australia is the only country where small businesses are actually selling more goods and services than they were a year ago. y/y and 7.6% y/y respectively. days late in March 2023.

Sales 91

Sales Transportation Start-ups Maine 91

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 86

tax return bookkeeping accounting software payroll 86

Xero

DECEMBER 1, 2022

Receive bills and payments. Set up foreign exchange bank accounts and bank feeds. How Airwallex makes cross-border payments simple. By connecting your Xero account to Airwallex , you can extend these capabilities further. . Airwallex features include: Global accounts . Payment acceptance. FX and Transfers.

Non-Profits 92

Non-Profits accounting and finance bookkeeping Expense Management 92

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

North Carolina 107

North Carolina New Hampshire Wyoming Nebraska 107

Withum

DECEMBER 20, 2023

The large increases will raise the 2024 Required Minimum Distributions (RMD) for those who need to take distributions from their retirement accounts and who do not need to live off that money. Basically, they will withdraw what they must, pay the tax and then deposit the balance in their personal investment account.

Start-ups 59

Start-ups Tax Account accountant 59

PYMNTS

JANUARY 14, 2021

FinTech startup Marqeta has been tapped by Goldman Sachs to power digital checking accounts for Marcus. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan.

Gaming 82

Gaming Account accountant accounted 82

ThomsonReuters

MARCH 31, 2022

What will happen to the funds in an HSA after an account holder dies? ANSWER: Upon the death of an HSA account holder, any amounts remaining in the HSA transfer to the beneficiary named in the HSA beneficiary designation form. (If The post What Happens to the Funds in an HSA After the Account Holder Dies? Surviving Spouse.

Account 102

Account accountant accounted income tax 102

ThomsonReuters

DECEMBER 12, 2023

Prior to recording the lease liability, it is essential to verify the accuracy of the lease term , the lease payment , and ensure that the discount rate is based on reliable data. Verify the lease payment. For example, payments made to a lawyer to obtain tax or legal advice would most likely not be an initial direct cost.

Legal 98

Legal Tax Account accountant 98

ThomsonReuters

JUNE 2, 2022

The newsletter explains that electronic submission of Form 5300, including payment of the user fee, is to be done through the pay.gov website. the month of June), electronic payment of the user fee is optional for paper filings (but required for electronic filings). Paper Form 5300 filings will be accepted through June 30, 2022.

Tax 98

Tax Account accountant accounted 98

Basis 365

JULY 25, 2023

So, let's explore the top accounting KPIs vital for a marketing company's financial management. Accounts Receivable (AR) Aging: AR aging is an essential KPI for tracking the collection of payments from clients. A higher AR aging could indicate problems with client payment behavior or ineffective credit management.

Account 97

Account accountant accounted accounting system 97

Xero

NOVEMBER 16, 2022

At Xero, we understand the challenges our small business customers and accounting and bookkeeping partners face. He constantly has to grapple with late payments, and it’s having a huge impact on his mental health. . Tackle late payments. Make the most of accountants and bookkeepers.

bookkeeping 108

bookkeeping accounting and finance Government Education 108