Xero

JULY 31, 2023

This difficult task of making a sale is showing up clearly in the latest Xero Small Business Insights (XSBI) data, with sales growth slowing across all Australia, Canada, New Zealand, the UK and the US. This isn’t leaving a lot of cash to spend in their local small business. higher in Canada. y/y and 7.6% y/y respectively.

Sales 89

Sales Transportation Start-ups Maine 89

ThomsonReuters

JUNE 14, 2021

Unlike W-2 forms and other IRS-mandated documentation, however, K-1s needn’t be produced in a standard format, so they come in a variety of formats and may include unstructured data, free-form text, footnotes, statements, and disclosures. Justin Bass, Chief Data Science Officer at Crowe. Watch the entire episode. A Complex Undertaking.

Technology 98

Technology corporation tax Tax Real Estate 98

Withum

FEBRUARY 2, 2023

Below we offer three important, practical (but overlooked) steps to improve your reporting using Power BI (no matter if you are writing reports yourself or an executive trying to get more out of your data). For the most part, executive leaders need aggregated dashboards updated on a weekly, monthly, and quarterly basis.

Start-ups 59

Start-ups 59

Xero

AUGUST 25, 2022

It’s so important that we connect with our communities to understand why they choose Xero, what is working well, and where we can improve. Read more about these announcements in Anna’s blog post. I had the pleasure of interviewing Rashida on my podcast, What Led You Here last year, so it was great to connect with her again. .

bookkeeping 70

bookkeeping Entertainment Maine Sales 70

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. What is vertical analysis? Furthermore, by accessing up-to-date data, you can make informed decisions based on a comprehensive understanding of your financial performance.

financial statements 130

financial statements accounting and finance accounts payable Sales 130

Going Concern

MAY 3, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Practice The PCPS CPA Firm Top Issues Survey is open!

institute of chartered accountants 101

institute of chartered accountants Technology cpas chartered accountant 101

ThomsonReuters

JUNE 28, 2022

what the return on technology investment (ROI) is going to be. Forrester then aggregated the results into a “composite organization” to illustrate its findings. The study’s key findings show that three years after deploying ONESOURCE Indirect Tax, the aggregate company realized total risk-adjusted PV benefits of more than $3.8

Tax 90

Tax Technology corporation tax auditor 90

ThomsonReuters

FEBRUARY 24, 2023

What is it about your firm that will catch the eye of a potential buyer or investor? As noted in a Journal of Accountancy article, president of Transition Advisors LLC Joel Sinkin  advised firms looking to sell to ensure that their technology is up to date. The same concept applies to firms looking to sell.

accounting firms 59

accounting firms Account accountant accounted 59

Xero

SEPTEMBER 28, 2022

But what exactly are business apps? First, what exactly do we mean by apps? This provides business owners with additional benefits such as real-time collaboration, access to the same single-source of data, anytime and from anywhere with an internet connection. What role do apps play? Think of mobile apps on a smartphone.

Technology 87

Technology Expense Reimbursements payroll Expense Management 87

Acterys

FEBRUARY 3, 2023

In the previous blog, we learned what inventory planning is , why it is important, and some of the most common challenges to resolve while developing an inventory plan. Inventory planning is crucial for businesses because a successful plan allows them to meet customer demand while remaining profitable.

Manufacturing 130

Manufacturing Sales Start-ups Retail 130

Withum

FEBRUARY 29, 2024

There are many people who try to beat the market, and what they buy drops, or they sell stock short or sell or buy put-and-call options or do other things that add risk while chasing higher returns, hoping to outsmart the other investors. So, let me set some ground rules for my clients and the people who read my blogs.

Start-ups 59

Start-ups Sales Education Tax 59

ThomsonReuters

NOVEMBER 8, 2022

The ability to unleash your firm’s true potential and focus in on what matters most: analyzing data, advising clients, and?uncovering The goal of any assessment is to gather data to identify risks, opportunities, and priorities. Start with an end-to-end review of your current processes, systems, and data. The result?

Technology 105

Technology Account accountant accounted 105

ThomsonReuters

JANUARY 30, 2023

In today ’ s business environment, the deliverables are no doubt important; however, it ’ s the input, or the streamlining of data collection, that can be the true game-changing benefit for firms. “ When we think about these pressures, oftentimes … our minds immediately go to the output rather than the input.

Tax 59

Tax corporation tax Technology tax return 59

Xero

AUGUST 24, 2022

Historical trends and timely market data can, when used effectively, help small businesses and their advisors adapt to complex present realities and prepare for future ones. On a more positive note, the Xero Small Business Insights data also reveals more encouraging trends in two other metrics — both related to cash flow. .

Start-ups 78

Start-ups Sales Government 78

ThomsonReuters

OCTOBER 12, 2023

Jump to: What foreign assets should be reported to the IRS? What is Form 8938 and when is it required? Let’s take a look at what accountants need to know in terms of foreign asset reporting, Form 8938, Foreign Account Tax Compliance Act (FATCA) considerations, and the ways in which technology can help. Generally, any U.S.

Real Estate 40

Real Estate tax return Tax tax preparation 40

ThomsonReuters

JANUARY 12, 2021

At many large, global companies, the financial data needed for tax calculations are scattered across the organization and around the world. Corporate tax managers often spend valuable hours trying to ascertain where source data is located and manually gathering the information they need from these disparate sources.

corporation tax 52

corporation tax Technology Tax accounting and finance 52

ThomsonReuters

FEBRUARY 24, 2023

What is Schedule K-1? Schedule K-1s, which are tax forms used to report a partner’s or shareholder’s income, losses, capital gain, dividends, etc., to the IRS, are sent to more than 40 million U.S. taxpayers each year. K-1s, however, are quite different and can come with some complexities for tax and accounting firms.

Non-Profits 59

Non-Profits tax return Tax income tax 59

ThomsonReuters

JANUARY 12, 2023

But what exactly does offering auditing services entail? And what tools and resources are available for accountants who want to specialize in audit? What does an audit accountant do? The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. .

audit 59

audit auditor Account accountant 59

ThomsonReuters

AUGUST 5, 2022

When making the business case for investing in automated indirect tax technology (IDT) and technology implementation, what the company stands to gain in terms of efficiencies and return on investment (ROI) are certainly important key factors, but the discussion must eventually come around to cost. What recurring costs (e.g.,

Technology 52

Technology Tax E-commerce accounting and finance 52

PYMNTS

NOVEMBER 14, 2017

According to news from TechCrunch , the retail feature is serving up real-time data on nearly 1 million sit-down restaurants worldwide, building on data the search engine giant already gathers from its Google Maps’ install base to fuel its Popular Times insights. 23 blog post on Google’s blog, The Keyword.

New York 43

New York Retail business accounting Account 43

Snyder

JULY 20, 2022

Data is everywhere. There’s more new information and data available today than ever before. As a result, businesses of all sizes are looking for ways to analyze their data and make informed decisions about how to move forward. What is a data dashboard? Data dashboards examples. Why you need a data dashboard.

E-commerce 52

E-commerce Maine Sales Start-ups 52

PYMNTS

OCTOBER 29, 2018

What emerged is a picture of CFOs prioritizing collaboration as part of their broader digitization efforts, with the rising need to look beyond financial data to reshape corporate finance. Workday pointed to Deloitte Consulting’s Principal Matt Schwenderman to further explain how CFOs should become closer to CIOs.

accounting and finance 58

accounting and finance Finance B2B payroll 58

PYMNTS

JULY 24, 2018

“There is no question that finance professionals will not stop using spreadsheets in isolation,” said Kyriba’s Lead Value Engineer Dory Malouf in a statement on the firm’s company blog. Goldman Sachs said the data, however, signals roadblocks in corporates’ digitization strategies.

Finance 41

Finance accounting and finance Technology Account 41

PYMNTS

NOVEMBER 15, 2019

What is changing, however, is that tech startups are taking their time. million in new funding, according to an announcement on the company blog. The company targets middle-market and larger corporates with a platform that aggregates, analyzes and reconciles remittances from incoming collections across payment types and channels.

B2B 40

B2B Technology Account accountant 40

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. If that’s not disturbing enough, 28 percent of those incidents were perpetuated by insiders.

Government 92

Government Retail Account accountant 92

ThomsonReuters

APRIL 18, 2023

What are the current issues in accounting? Strained bandwidth and capabilities Attracting and retaining talent has long been a concern for the accounting profession, but there’s no doubt that the pandemic, and what has become known as the “Great Resignation,” further fueled staffing concerns.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? What is FEIE? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? What is FEIE? Helping clients with foreign income tax forms For U.S. These types of income may be subject to different tax treatment.

Tax 40

Tax tax return income tax Real Estate 40

PYMNTS

JANUARY 31, 2020

The Subscription Economy: What the 2020s Have in Store . These offerings, however, are often not enough to encourage customers away from booking aggregators. It took two months for SARS to reach 456 individuals, per WHO data, but the coronavirus infected about double that amount in a month. Kobe Bryant, who died on Sunday (Jan.

Technology 52

Technology Sports accounts payable Gambling 52

ThomsonReuters

FEBRUARY 15, 2023

Table of contents: What is property tax? Property tax software What is property tax? on land and improvements made on that land; however, some states also tax personal property like automobiles and machinery. What is personal property tax? What is a business personal property tax?

Tax 52

Tax Real Estate Kansas South Dakota 52

Snyder

JUNE 20, 2022

What is small business accounting? What is small business accounting? What is small business accounting? Let’s start with defining what small business accounting is. However, it’s better to check with the bank to find out what other documents they might require. Accounting is the language of numbers.

accounting basics 52

accounting basics general ledger Account accountant 52

PYMNTS

AUGUST 5, 2017

And here’s history’s greatest mind, Oprah Winfrey, on the topic: “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.”. On average, Americans pay friends back almost 35 times a year, to the tune of nearly $5,000 per year in aggregate.

Hawaii 41

Hawaii Technology Account accountant 41

ThomsonReuters

FEBRUARY 17, 2022

Americans and global citizens alike hold an expectation that the data they consume will come with a visual element – whether in school, at work, or while experiencing their preferred choice of entertainment. What is visual culture? How is visual storytelling changing the way accounting firms communicate financial data?

Entertainment 52

Entertainment accounting firms financial statements Tax 52

ThomsonReuters

APRIL 12, 2021

Tax document management software brings you automation, fast access to real-time data, accurate and easy-to-use reports, analytics, and collaboration tools to help your tax team navigate the new international tax regulations. All of these regulations will require a proactive, agile strategy and planning on the part of your tax team.

Technology 86

Technology Tax income tax corporation tax 86

ThomsonReuters

AUGUST 16, 2022

3—It will save time, allowing tax teams to: conduct more forward-looking forms of data analysis. 3—It will save time, allowing tax teams to: conduct more forward-looking forms of data analysis. 3—It will save time, allowing tax teams to: conduct more forward-looking forms of data analysis. 3—Less maintenance and hassle.

corporation tax 97

corporation tax Technology Tax Maine 97

ThomsonReuters

DECEMBER 31, 0001

In this three-part series, we will explain what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporate tax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.

Technology 52

Technology Government Tax corporation tax 52

ThomsonReuters

JANUARY 12, 2023

From data collection to ever-evolving standards, more and more auditors are turning to technology to automate their audit workflow. . What is audit automation? Audit automation utilizes cloud-based technology to enable users to work from anywhere, collaborate with colleagues in real time, and securely access audit data.

Technology 52

Technology audit auditor general ledger 52

PYMNTS

JUNE 4, 2018

In the three-plus decades since consumers were first introduced to a technology that gave them the power to control when and how they access content, innovators have been inspired to use connected devices, new technologies, software and data to power a world now driven by delivering convenience to the consumer. That’s not surprising.

Sales 45

Sales Gaming E-commerce Technology 45