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

5 Minute Bookkeeping

MARCH 25, 2021

As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books ! Many accountants and bookkeepers have been trained to do journal entries to fix the books. I know I was.

quickbooks 98

quickbooks accounts payable bookkeeping payroll 98

ThomsonReuters

JULY 1, 2022

This marks our eighth CPP Corner and we would be interested in receiving feedback from you about the CPP exam in general. These penalties are also discussed in Payroll Guide ¶4262 on the topic of correcting wage and tax statements. Interested in payroll topics? We want to hear from you!

payroll 89

payroll Tax Start-ups Government 89

Withum

JUNE 13, 2023

Benjamin Franklin’s Way to Wealth will be the topic of this week’s webinar for the East Brunswick Public Library. Benjamin Franklin was probably the best-known American during his lifetime and received worldwide honors. I will also suggest things you could adopt to maintain, better, and/or grow your wealth and health.

Washington 52

Washington CPA Tax Account 52

ThomsonReuters

FEBRUARY 18, 2022

Job fit is critical when hiring new accountants for your firm. The right accountant in the right role means a happy, engaged, and thriving employee. If you are interviewing new accountants, you should be well-prepared and methodical. Here are 12 best practices to implement before and during interviews for new accountants.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

FEBRUARY 14, 2022

Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Over the years, the role of tax and accounting firm employees has become increasingly digital-focused.

Account 92

Account accountant accounted accounting firms 92

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. How to set up Managed Payments account on eBay. Contents: 1.

E-commerce 98

E-commerce accounting and finance Sales quickbooks 98

ThomsonReuters

JANUARY 3, 2022

Suppliers, though typically paid less, are more likely to receive steady payments, which can go a long way towards minimizing risk across the supply chain. This leads many to classify the arrangements as part of accounts payable, making liquidity positions appear stronger than they actually are. And lenders get their financing fees.

Finance 98

Finance accounting and finance auditor accounting standards 98

ThomsonReuters

MARCH 28, 2022

You ’ ve found the ideal tax and accounting research solution for your firm. With type-ahead, predictive search capabilities, staff will receive the most targeted search results based on full phrasal, natural language questions. Snapshots to provide you with quick answers and swiftly orient you to unfamiliar topics. .

Tax 98

Tax Start-ups Technology Account 98

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. Streamlining operations to reduce waste and improve efficiency.

Account 52

Account accountant accounted bookkeeping 52

Mark Lee

AUGUST 23, 2022

One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. In each of the most recent cases I noted that the accountants had made similar mistakes. They are not alone.

Construction 94

Construction Account accountant accounted 94

SchoolofBookkeeping

FEBRUARY 2, 2024

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. They will buy goods, receive them, and put those exact goods on the shelf for their customers to buy.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

Shay CPA

MARCH 16, 2023

Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. The immediate impact After $42 billion was pulled from SVB accounts, the writing was on the wall.

Technology 52

Technology CPA accounting and finance accounts payable 52

ThomsonReuters

MARCH 14, 2023

Checkpoint Edge is an AI-powered tax and accounting research tool that allows you to search for up-to-date information on what needs to get done, how it should be approached, how it needs to be documented, and the review process. Shared Folders can be managed right down to the account level for maximum security and control.

Tax 59

Tax bookkeeping Start-ups Account 59

ThomsonReuters

APRIL 18, 2024

However, the individual can receive a credit from the state of residency. As a result, when the employee received their W-2, the employee questioned why income tax was withheld for the state of the prior work location. For individuals who work out-of-state, the individual will owe taxes for income earned in that state.

payroll tax 52

payroll tax Tax payroll Connecticut 52

inDinero Accounting

APRIL 8, 2023

However, deciding between cash vs. accrual accounting methods is a critical one that will have far-reaching implications. For instance, why is it essential to select between cash and accrual accounting methods? What sets cash and accrual accounting approaches apart? What Is Cash Basis Accounting?

accrual accounting 52

accrual accounting Account accountant accounted 52

ThomsonReuters

JULY 1, 2022

Title III protects everyone who receives personal earnings. Title III sets the maximum amount that may be garnished in any workweek or pay period, regardless of the number of garnishment orders received by the employer. Interested in payroll topics? territories and possessions. CPP exam question. For ordinary garnishments (i.e.,

payroll 83

payroll income tax Tax Legal 83

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . uncovering new opportunities. . Standardize your tax workflow.

Technology 105

Technology Account accountant accounted 105

ThomsonReuters

JUNE 16, 2022

Similarly, individuals receiving telehealth services may use any telephone system they choose, and providers and plans are not responsible for the privacy or security of health information once the individual has received it. Contributing Editors: EBIA Staff.

audit 52

audit Legal Technology Tax 52

inDinero Accounting

DECEMBER 13, 2021

One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. However, even with an accountant, you still need a way to keep records. However, even with an accountant, you still need a way to keep records.

NetSuite 105

NetSuite accounting software quickbooks Account 105

ThomsonReuters

JULY 6, 2023

Are you an accountant looking to break into the exciting world of mergers and acquisitions (M&A) advisory services? How does M&A advisory compare with tax advisory , business advisory , or accounting advisory services ? Why should accountants get into M&A advisory?

Legal 52

Legal Tax Start-ups Construction 52

ThomsonReuters

MAY 1, 2023

Attestation ledger : A register or account book created to provide support/ evidence of individual transactions. Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company. Instead, the seller immediately assumes they received their money and delivers what was sold.

accounting books 59

accounting books Education Tax Start-ups 59

Nancy McClelland, LLC

JULY 7, 2022

for employers with 4-20 employees (employers must make up the difference between any tips received and the applicable minimum wage for non-tipped workers.) Additionally, any employee that works two hours or more in the City within a two-week period must also receive at least the Chicago minimum wage.

payroll 52

payroll Start-ups Healthcare Manufacturing 52

Nancy McClelland, LLC

MARCH 9, 2023

Only 60% of restaurants that applied actually received funding for the popular Restaurant Revitalization Fund program (RRF), due to a failure of Congress to replenish the kitty with leftover PPP money, as was envisioned. (A In this YouTube video , I demonstrate how to use the AICPA RRF tracker tool for SBA reporting.

Non-Profits 52

Non-Profits bookkeeping software bookkeeping cpas 52

ThomsonReuters

MAY 6, 2022

Department of Labor regulations, record retention, federal payroll tax forms, payroll systems, and accounting. Form W-2. Statutory employees should receive a Form W-2 (Wage and Tax Statement). Interested in payroll topics? .” The CPP only covers federal payroll information – payroll laws, U.S.

payroll 95

payroll income tax Agriculture payroll tax 95

Ryan Lazanis

JULY 11, 2023

Do you want to attract top-tier talent for your staff accountant position? One of the things you must have is a compelling and comprehensive staff accountant job description that showcases what you can offer. Table of Contents The Strategy for a Good Staff Accountant Job Description What Does a Staff Accountant Do?

accounting jobs 40

accounting jobs accountant jobs accounts jobs Account 40

5 Minute Bookkeeping

JUNE 24, 2021

What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? What are Unapplied Cash Payment Income and Expense accounts in QuickBooks Online? These accounts are created by QuickBooks Online to balance itself on a cash basis. The accounts cannot be deleted.

quickbooks 52

quickbooks bookkeeping accounts payable Start-ups 52

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

auditor 67

auditor Account accountant accounted 67

Mark Lee

MAY 30, 2023

Back in March 2016, a research student was asking accountants how much of their business comes from social media. She asked me too as I was already known for being more active than most, I was already highly ranked online for accountants but also cynical about the hype (even back then) surrounding the use of social media by accountants.

Account 52

Account accountant accounted Start-ups 52

Xero

JUNE 20, 2022

Xero partner and accountant Andrew Van De Beek of Illumin8 shares 10 questions every small business should ask their advisor this tax season (and beyond). . So in the lead up to end of financial year ( EOFY), I’ll assess the topics I know are front of mind for clients and predict any other queries that are likely to pop up throughout FY23.

Tax 75

Tax tax return Government Start-ups 75

5 Minute Bookkeeping

JULY 29, 2021

If you’re looking for the best tips for taking on a massive undeposited funds cleanup in QuickBooks Online, this is the blog post for you. Tip #2: Reconcile business bank and credit card accounts. They invoice customers and receive payments via ACH, check, and QuickBooks payments. The number one cause is incorrect workflow.

quickbooks 52

quickbooks bookkeeping tax return Start-ups 52

ThomsonReuters

AUGUST 2, 2021

This blog post looks at special purpose acquisition companies (SPACs)—shell companies created for raising capital to buy an existing, privately held firm and take it public more quickly than would be possible by going the traditional initial public offering (IPO) route, and examines the SEC’s growing focus on their filings. SPACs 101 .

accounting and finance 52

accounting and finance Finance accounting standards Account 52

Withum

SEPTEMBER 14, 2022

There’s even YouTube videos on this topic. Therefore, S corporation shareholders, assuming they are not passive investors, must receive “reasonable compensation” for the work they perform. The IRS has long used bank account deposits and lifestyle to uncover unreported income as well. This a requirement that somehow gets missed.

Tax 105

Tax tax return audit Entertainment 105

ThomsonReuters

FEBRUARY 8, 2022

With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. Respondents also indicated interest in receiving other services from their accounting firms. 2) Stand out from the competition.

Tax 105

Tax payroll Entertainment bookkeeping 105

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health. Contents: 1.

managerial accounting 98

managerial accounting financial accounting Account accountant 98

ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. This category typically includes salaries, wages, bonuses, and self-employment income received from foreign employment or business activities.

Tax 40

Tax tax return income tax Real Estate 40

ThomsonReuters

MAY 19, 2021

So, one of the things I find interesting about this topic is that there is this normal rhythm to how we communicate with clients,” says Paul. It’s also important to take into consideration how your clients are receiving the message. And now, there’s this acceleration that changes how we navigate that relationship.

tax return 98

tax return Tax Start-ups Technology 98