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By Gail Cole If you’re old enough to have secured lodging without the help of the internet, you understand how online travel agencies have revolutionized the hospitality industry. Online travel agencies give consumers greater choice and more control over bookings, and they help businesses connect with customers to fill vacancies. But for the online travel agencies themselves, this service comes at a cost: a virtual world of tax obligations.
The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.
Intuit has released—or is about to release—a whole new group of improvements in the HR arena for QuickBooks users with QuickBooks Online Payroll and Workforce.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
In what seems to be an unprecedented turn of events on July 21, 2023, the IRS released Notice 2023-55 , providing temporary relief for taxpayers in determining which foreign taxes are “creditable” taxes for U.S. purposes. In early 2022, the IRS issued final regulations providing guidance on determining if a foreign tax is creditable for U.S. tax purposes.
Companies have been doing more reporting on their corporate social responsibility efforts, but that's especially the case when there's a new chief executive in place.
Last night I had the enormous privilege of hosting our very first in-person Xero Singapore Awards ceremony to celebrate the outstanding achievements of our accounting and bookkeeping partners and crown our 2023 winners. It was a brilliant night, bringing everyone together in person again. I loved seeing the camaraderie and festivity in the room as our partners reconnected with one another and cheered each other on.
Last night I had the enormous privilege of hosting our very first in-person Xero Singapore Awards ceremony to celebrate the outstanding achievements of our accounting and bookkeeping partners and crown our 2023 winners. It was a brilliant night, bringing everyone together in person again. I loved seeing the camaraderie and festivity in the room as our partners reconnected with one another and cheered each other on.
The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.
We’re not sure how many more times it needs to be said and it’s shocking Public Company Accounting Oversight Board Chair Erica Y. Williams does not have severe audit firm-induced trichotillomania (to our knowledge) because here she is again warning auditors that the PCAOB is tired of them being so terrible at auditing. To get her point across she had to write a whole-ass op-ed in the Wall Street Journal : High-quality audits are essential to the integrity of U.S. capital markets and
Imagine this scenario: It’s another busy Monday, you’re calmly savoring your first cup of coffee, when suddenly, the near deadline that once seemed comfortably distant is now a blaring alarm. One day and counting. Does this sound all too familiar? You’re not alone in this; it’s simply part of being an accountant, but one habit we must move past. In the accounting profession, deadlines are as much part of our daily routine as our morning coffee.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
New pricing for QBO, QuickBooks Online Payroll and QuickBooks Payments will start rolling on Aug. 1 for some US customers depending on your product(s) and current discounts in place.
Did you see the Barbie movie or Oppenheimer this weekend? Or jump in with the 200,000 other Barbenheimers and see both? In case you didn’t, your social media feed likely filled you in on what you missed (or didn’t, depending on your view of these things). What a weekend for the movie industry as a whole that hasn’t seen these kind of opening weekend numbers since 2019’s one-of-many in the Avengers series.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Emails are one of the most common and important means of communication for any business. It is one of the easiest ways to get in touch with people from anywhere.
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the recent Verizon data breach and what firms need to know and do to protect their firm and client data. Use the podcast player below to listen.
As we march through July, it’s likely you’re now in the thick of tidying away your previous financial year and going through the process of ATO compliance. But have you put much thought into starting your business’s new financial year with a clean slate? Many small business owners wade through the EOFY and just keep trotting along – business as usual.
As part of the Inflation Reduction Act (“IRA”) passed in August of 2022, $391 billion of governmental funding was allocated to energy and climate initiatives. The ability to transfer (i.e. sell) clean energy credits was part of the new legislation and covered under IRC Section 6418. The intent of IRC Section 6418, was to increase participation in clean energy initiatives by allowing taxpayers to sell credits without engaging in complicated tax structures.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
First-time exhibiters at Accountex, SMA Digital are un up-and-coming brand which offer an AI-powered online business healthcheck assessment for your clients. They specialise in accelerating your accounting firm’s revenue, without taking on more clients. Learn more about them, before meeting the team at Accountex Summit Manchester… What do you do?
The House of Representatives introduced three bills that the House Ways and Means Committee plans to mark up. The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead to drastically increased cash federal income tax payments.
Which Tax Practitioners Board Code of Conduct violation are you? It seems that’s the question PwC Australia is trying to answer in its new conflict of interest training, born out of the absolute shitstorm that began years ago when former partner Peter Collins leaked confidential information he’d received about upcoming Australian tax legislation in consultation with the Australian Tax Office to several other partners at the firm so PwC could turn this information into billable hours.
Menzies LLP - A leading chartered accountancy firm. If you use Xero for your bookkeeping and accounts, you may have noticed at the top of the report pages a note stating that “It’s time to change to the new version of this report”. On 31 st July the old version of some of the standard reports in Xero are being retired, replaced with the newer format.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
When fully immersed and entrenched in your business, gaining clarity on the most crucial areas of focus and determining the next steps can become quite challenging. In this episode, I talked about how you can keep your eyes on the goal despite being distracted regularly by social media, websites, and other mediums. Listen Below. 1:10 – The internet is relentless, as countless vendors, suppliers, and apps promising revolutionary solutions, are getting pushed to us all the time. 1:37 –
Menzies LLP - A leading chartered accountancy firm. April 2024 will see tax changes affecting cryptoasset reporting to HMRC come into effect. The changes will specifically focus on creating a dedicated section within HRMC’s self-assessment tax return form for cryptoasset capital gains tax (CGT). It’s advised that crypto investors are prepared for these changes well in advanced of avoid being caught out by the proposed reporting obligations.
Apart from a raid by India's financial crime-fighting agency, the tutoring startup failed to file its financial accounts on time, and U.S. investors accuse it of hiding half a billion dollars.
Avalara, Inc. , a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced that the state of Missouri has leveraged Avalara Tax Research to power the state’s publicly available online sales and use tax rate map. With Avalara, Missouri provides access to current sales and use tax rates as well as special item taxes like food, domestic utilities, and more in the state.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
A new GASB pronouncement is on the horizon. The Governmental Accounting Standards Board (GASB) issued new GASB Statement No. 101 – Compensated Absences to replace the previous GASB Statement No. 16 – Accounting for Compensated Absences. Under the new statement, the recognition and measurement for compensated absences better addresses new types of leave and unifies.
An Overview of START-UP NY, QETC, and Life Sciences R&D Tax Credit Program New York has long been a global hub for finance, fashion, and food. But the Big Apple is also a budding hotspot for biotech, offering a robust range of programs designed to foster growth and innovation in this sector. For biotech companies looking to establish or grow their operations in the state, there are a few key programs worth considering: START-UP NY, the Qualified Emerging Technology Company (QETC) Program, an
Menzies LLP - A leading chartered accountancy firm. The draft Border Target Operating Model (TOM) proposes a new approach to security for all imports and sanitary and phytosanitary controls for imports of live animals, animal products, plants and plant products at the border. TOM will simplify and digitise processes, to be delivered through the UK’s new Single Trade Window (STW).
The Virtual CPA Success Show: Episode 88 Today’s guest, Ernesto Tagwerker, is the founder of OmbuLabs , a software boutique that helps enterprises build and scale products designed for growth. Together with hosts Jody and Joey, they discuss the concept of productizing a service and what that can mean for an agency’s growth and scalability.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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