Intuitive Accountant

AUGUST 28, 2022

Liz Scott takes you through Quickbooks Online Accountant's new section, sharing the pros, the cons and why Quickbooks continues to adapt features to the needs of today’s accountants.

quickbooks 93

quickbooks online accounting Account accountant 93

Canopy Accounting

OCTOBER 24, 2022

Canopy commissioned an independent research firm to survey 150 US-based accountants related to document management practices in their firms. The margin of error for this study is +/- 6% at the 95% confidence level. All data coming from the survey is indented and green.

accounting firms 40

accounting firms Account accountant accounted 40

Intuitive Accountant

DECEMBER 6, 2022

Accounting firms and their clients can access the No. 1-rated secure file sharing and client portal in the Right Networks cloud environment.

accounting firms 52

accounting firms Account accountant accounted 52

Canopy Accounting

SEPTEMBER 14, 2022

Your company could be stacked with all kinds of human talent. A whole office building of ambitious, albeit nerdy, accountants with Ivy League universities listed on their resumes.

accounting firms 52

accounting firms Account accountant accounted 52

RogerRossmeisl

AUGUST 6, 2023

For example, a spouse who owns a business might intentionally limit the opposing expert’s access to documents, facilities or management personnel. A valuation expert who’s involved in the discovery phase can compile a list of key documents and procedures to request from the judge.

CPA 240

CPA Account accountant accounted 240

Insightful Accountant

FEBRUARY 12, 2023

According to a recent Canopy study, 79% of accountants lose time looking for files. Canopy's Jonathan Timothy explains.

accounting firms 52

accounting firms Account accountant accounted 52

SMBAccountant

APRIL 2, 2024

Understanding these regulations early on is crucial for small businesses to secure and manage government funds effectively. Strategic Budgeting for Grant Funds Strategic budgeting for grant funds is a crucial aspect of effective grant management for businesses and organizations.

Government 130

Government Account accountant accounted 130

CPA Practice

FEBRUARY 14, 2024

The CPA Practice Advisor Readers’ Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses.

Technology 126

Technology Construction accounting system payroll 126

MyIRSRelief

APRIL 12, 2024

This option allows taxpayers to make monthly payments towards their debt, making it more manageable. To apply for an OIC, taxpayers must submit Form 656, the Offer in Compromise, along with the required documentation and application fee. Long-term Payment Plan: For debts of $50,000 or less, offering a longer repayment period.

Tax 130

Tax tax return Government Account 130

TaxConnex

MARCH 1, 2023

While these pass-through taxes are not meant to create a financial burden on a business, failure to comply can create significant risk and managing the obligations can be a burden to the team who has to manage them. Not all providers will manage this level of documentation for you, if at all.

Sales 130

Sales Tax audit tax return 130

MyIRSRelief

MARCH 29, 2024

This article aims to provide a detailed overview of various business tax services, focusing on the needs of businesses in Whittier, California, and how they can effectively manage their tax obligations. Bookkeeping and accounting form the backbone of a business’s financial management system.

California 130

California tax services business tax Tax 130

TaxConnex

JULY 20, 2023

Maintaining current, valid exemption certificates is critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale will be deemed taxable without such documentation from a customer – and just a few missing certificates can result in large penalties and interest. What are the risks of this?

audit 130

audit Tax Sales auditor 130

SMBAccountant

AUGUST 4, 2023

It’s up to management to determine the frequency and extent of internal audits. Identify the specific areas or processes you want to examine, such as financial reporting, inventory management, or timekeeping. Some tests may include a document audit or interviews with staff.

audit 130

audit auditor Account accountant 130

RogerRossmeisl

JANUARY 19, 2022

But sometimes even solid internal controls fail (because, for example, a manager overrides controls) and occupational fraud occurs. Paper evidence is generally easy Handling paper documents is relatively easy as long as you approach the task with care. Place any hard documents related to the possible fraud in a secure location.

forensic accounting 246

forensic accounting CPA Account accountant 246

TaxConnex

AUGUST 8, 2023

Valid exemption certificates from your customers are critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale will be deemed taxable without such documentation. In this blog we will examine four best practices to manage your exemption certificates so that doesn’t happen.

auditor 130

auditor audit Tax Sales 130

TaxConnex

MAY 9, 2023

Losing an important member of your finance team can leave a big hole in many business processes, especially if most of your accounting functions are managed in-house. But what happens when you lose the person managing your sales tax obligations? What resources or tools will they need to handle this new responsibility?

Sales 130

Sales Tax audit tax return 130

SMBAccountant

SEPTEMBER 11, 2023

Develop procurement procedures, spending limits and approval processes and document them in a purchasing policy. Establish a formal purchase order process to document all purchasing transactions, requiring authorization by designated personnel before purchases are made. Manage inventory. Document purchasing transactions.

Technology 130

Technology Account accountant accounted 130

Canopy Accounting

APRIL 1, 2024

What's new: We are thrilled to announce the launch of the Files Interface Redesign within Canopy's Document Management module. This update transforms the way Canopy users interact with the files section, providing a more intuitive and user-friendly experience. Here's what you can look forward to:

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TaxConnex

OCTOBER 24, 2023

Documentation typically required can include invoices, exemption certificates , summary reports, tax returns and more. Missing documentation complicates an audit and may cause penalties that you may not actually owe. To put your fears to rest, download our eBook, Top 10 Tips for Managing Sales Tax Audits. Line up your people.

audit 147

audit Sales Tax auditor 147

Canopy Accounting

NOVEMBER 4, 2022

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52

SMBAccountant

FEBRUARY 19, 2024

Attachments and Appendices: Check for any attached documents or appendices. Navigating the complexities of government contracts can be a daunting task, with intricate details and specific regulatory requirements that must be meticulously managed. Understand data security requirements. Understand jurisdiction and venue.

Government 246

Government accounting principles Legal Account 246

TaxConnex

FEBRUARY 29, 2024

Sales tax is not static, rules and regulations are continually evolving and the process of managing your compliance is not a set it and forget it task. And if you don’t have the resources internally to manage a process, then looking to that expert for outsourcing could be a great solution. E: Expect Changes.

Tax 198

Tax Sales audit CPA 198

Canopy Accounting

OCTOBER 17, 2022

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accounting firms 52

accounting firms Account accountant accounted 52

Airbase

MAY 12, 2023

Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. Employees are expected to know what the cross-departmental requirements are, how to fulfill them, and finally how to document that they’ve been fulfilled.

Approval Workflows 130

Approval Workflows Modern Spend Management Legal Spend Management 130

Going Concern

APRIL 25, 2024

The Big Four firm, one of the UK’s biggest graduate employers, told affected incoming staff this week that their offers had been rescinded, pinning the move on the government’s decision to raise the minimum salary required to sponsor a skilled worker visa in the UK, according to documents seen by the Financial Times.

chartered accountant 93

chartered accountant auditor cost accounting management accounting 93

SkagitCountyTaxServices

MARCH 27, 2024

One often-overlooked area for Skagit County business owners in a remote, geographically scattered workforce: I-9 verification in managing remote workers. Let’s straighten out how to manage I-9 requirements for your remote team and ensure you stay compliant. You’re not alone in the confusion.

CPA 79

CPA Tax Start-ups Maine 79

SMBAccountant

NOVEMBER 4, 2020

When operating a small business, sometimes it is easy to avoid administrative tasks that seem unnecessary for a business of your size, such as implementing a total quality management plan. The core of a total quality management is to say what you do, do what you say, and have documentation to back it up.

Government 246

Government Account accountant accounted 246

Airbase

AUGUST 11, 2023

Dealing with a distributed team can make it even more difficult to get quick answers to questions or to share documents like receipts or contracts. To add accountability, supporting documents are uploaded as purchases occur. The post How a continuous close leads to more accurate forecasting, better time management, and more.

Technology 244

Technology accounting and finance NetSuite Finance 244

CPA Practice

APRIL 5, 2024

“Many customers now face large income tax deficiencies and may be liable for sizable penalties and interest,” after Taylor understated their tax liability or inflated their refunds, according to a court document. He worked for the IRS investigating and auditing taxpayers from 2002 through 2008, according to a court document.

tax return 103

tax return Tax tax preparation income tax 103

CPA Practice

APRIL 22, 2024

Prepared by Client (PBC) document process tools: You and your firm should not waste time cleaning books or transferring data between spreadsheets. PBC document processing tools save you time and allow you to focus on the work you can bill for. Trial balance to workpapers: 15-20% of all project time is spent on workpaper generation.

cpas 119

cpas Technology cpa firm CPA 119

CPA Practice

APRIL 19, 2024

Businesses that field a lot of W-9 and 1099 forms are likely to be in particular need of advisory and perhaps outsourcing in the coming months and years — especially if they still manage these forms manually, as many do. Developing expertise in solutions that automate Form W-2 management will enable you to better advise your clients.

Technology 69

Technology Tax audit Account 69

CPA Practice

NOVEMBER 14, 2023

Based on prior-year filing statistics, IRS management estimated the majority of the unprocessed information returns were paper-filed Forms 1099 submitted with a Form 1096. The IRS’s decision to destroy those documents drew scrutiny from lawmakers and tax professionals.

tax return 119

tax return income tax Tax Transportation 119

Cherry Bekaert

MARCH 26, 2024

From the Work Index Study , 133 Microsoft salespeople who used Copilot for Sales at least weekly reported significant opportunities.

Technology 110

Technology Sales Gaming 110

CPA Practice

APRIL 9, 2024

Share Documents Securely: Implement strict protocols for handling sensitive client documents. Avoid sharing sensitive documents via unsecured channels like email, opting instead for encrypted file-sharing platforms. Oren Koren is the Co-founder and Chief Product Officer at Veriti.

cpas 118

cpas Tax cpa firm tax return 118

CPA Practice

JULY 12, 2023

SmartVault, a leading provider of an integrated, cloud-based document management system (DMS) and client portal platform, has launched SmartRouting, a feature that creates logical, effortless organization between Thomson Reuters UltraTax CS tax application and SmartVault.

tax return 52

tax return Tax Account accountant 52

Anders CPA

MARCH 26, 2024

The importance of data management in health care environments can’t be overstated. Utilizing a data management service provider with experience in the health care industry can help keep certain credentialing and provider enrollment functions in-house while ensuring vital provider information remains updated and accurate.

Illinois 64

Illinois Hospitality Education CPA 64

MineralTree

FEBRUARY 15, 2024

The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. Many organizations struggle with outdated and inefficient documentation practices, resulting in costly errors and delays in processing payments.

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78