TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Part of your decision in this case rests with how long you’ve had sales tax exposure.

Sales 262

Sales Tax Connecticut Colorado 262

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries. Food for thought.

Sales 246

Sales Tax Colorado Massachusetts 246

TaxConnex

APRIL 13, 2021

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Don’t let sales tax compliance overwhelm you.

Sales 246

Sales Tax E-commerce general ledger 246

TaxConnex

DECEMBER 23, 2021

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers. Control the tone.

audit 244

audit Sales Tax auditor 244

TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Nearly 8% growth was expected in 2021.

Sales 242

Sales E-commerce Tax Florida 242

TaxConnex

FEBRUARY 3, 2022

Sales tax has evolved a lot in recent years. So has the sales tax audit. According to the Tax Policy Center, money collected from sales tax can be the leading source for many jurisdictions, constituting 25% to 35% of a state’s revenue. Many events can ignite a sales tax audit. And why not? Are they happening more often?

audit 245

audit Sales Tax auditor 245

TaxConnex

APRIL 20, 2021

And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. Why should sales tax be any different? Many companies are enamored by an automated sales tax returns approach. Did you sign-up to be your own sales tax manager? They turn to experts.

Sales 214

Sales Tax tax return income tax 214

Acterys

OCTOBER 20, 2024

More than half (59%) of accountants admit to making several errors per month, Gartner research found. The same research found that companies with high acceptance of finance technology solutions see a 75% reduction in financial errors. It focuses on presenting financial data clearly and in accordance with accounting standards.

financial statements 130

financial statements accounting and finance accounting standards Sales 130

TaxConnex

APRIL 6, 2021

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. Online sales tax revenues have accounted for about 66.4

West Virginia 147

West Virginia Sales Nebraska Alaska 147

Basis 365

MARCH 23, 2025

The way businesses handle their finances is evolving. Managing accounting in-house is expensive, time-consuming, and often inefficient. Outsourced accounting services offer a smarter approach. But outsourced accounting isnt just a sound investment, its a growing trend that will influence the future of business.

accountant 52

accountant Account accounted Technology 52

TaxConnex

MAY 11, 2021

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. In most states, sales tax is reported to the individual state. Know your Deadlines.

Sales 162

Sales Tax Colorado tax return 162

CPA Practice

OCTOBER 22, 2024

Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources. Houts is a seasoned delivery and sales leader with a proven track record of driving substantial revenue growth and optimizing strategies across diverse sectors.

accounting and finance 119

accounting and finance Healthcare Manufacturing payroll 119

DuctTapeMarketing

JULY 14, 2018

Small Business Finances. Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. A growing number of small business owners are outsourcing their bookkeeping to cloud-based companies that wrap around accounting software. Paid Search.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

Basis 365

MARCH 23, 2025

The way businesses handle their finances is evolving. Managing accounting in-house is expensive, time-consuming, and often inefficient. Outsourced accounting services offer a smarter approach. But outsourced accounting isnt just a sound investment, its a growing trend that will influence the future of business.

accountant 52

accountant Account accounted Technology 52

CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. We live and breathe sales tax and license compliance. Plus, earn free CPE credit!

Tax 116

Tax Indiana Technology CPA 116

CPA Practice

OCTOBER 29, 2024

Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform.

E-commerce 97

E-commerce accounting and finance Finance Tax 97

TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability. Not evaluating economic nexus.

Sales 147

Sales Tax Wisconsin Missouri 147

Acterys

NOVEMBER 24, 2024

For finance teams, the end of the year is not just about celebrations — it’s about reviewing financial performance, setting new goals, and developing a strategic plan to ensure future success. Many finance teams face challenges like fragmented data sources, manual data gathering, and limited forecasting capabilities.

Finance 130

Finance accounting and finance Non-Profits quickbooks 130

CPA Practice

OCTOBER 30, 2023

While marketing teams have been using AI assistants to whip up emails and create LinkedIn Ads, the accounting teams have struggled to reap the potential rewards AI technology can deliver. Fortunately, a series of advances in AI have now unlocked new ways for the technology to help accounting teams work faster, smarter, and more accurately.

Finance 119

Finance accountant Account accounted 119

TaxConnex

NOVEMBER 21, 2023

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax. Adding new employees, locations, or warehouses. Change of staff.

cpas 147

cpas Sales Tax audit 147

CPA Practice

MAY 22, 2024

While AI’s impacts are already visible in areas like automation, its true revolutionary promise lies in enhancing strategic decision making, especially within the finance function. The Current State of AI: Productivity at the Forefront AI has already made significant contributions in the finance and accounting sector.

Finance 128

Finance Technology accounting and finance Education 128

TaxConnex

JANUARY 20, 2022

Monitoring and responding to notices as well as making the corresponding adjustments or taking the prescribed actions is one of the many pieces of your sales tax compliance process. So who is managing your sales tax notices? They can arrive by mail, be emailed or be posted to your account on the jurisdiction’s website.

Sales 242

Sales tax return accounting and finance Tax 242

inDinero Tax Tips

DECEMBER 2, 2024

This article is a primer for founders without finance backgrounds who want a sense of what should be on their minds when developing a financial plan for their SaaS startup. CAC calculations only include costs directly related to acquiring a customer, such as sales team costs or marketing spend.

accounting and finance 105

accounting and finance Sales accounted Account 105

Airbase

MARCH 2, 2023

We all know the story: women and minorities are underrepresented in top finance and accounting roles, and even though their representation has grown, a yawning gap persists within senior positions and salaries. Female accountants and auditors now outnumber their male counterparts. We’ve come a long way in 124 years.

Finance 130

Finance accounting and finance Gaming auditor 130

TaxConnex

DECEMBER 7, 2021

Rolling the dice with sales tax compliance can backfire in a big way. Keep reading to see some recent sales tax missteps that had big costs. million penalty for failing to pay sales tax on air-inflation services, as well as for tax avoidance schemes by underreporting sales and paying workers off the books. Tax air-or.

Alabama 246

Alabama New York tax return Sales 246

Basis 365

DECEMBER 23, 2024

The holiday season is a time for businesses to capitalize on increased consumer spending, yet despite the cheery holiday decoration, this period can be rife with accounting challenges for businesses. From managing cash flow to preparing for year-end reporting, the pressure on your accounting needs can quickly escalate during the holidays.

bookkeeping 52

bookkeeping accountant Account accounted 52

Accounting Seed

NOVEMBER 21, 2024

Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact. However, great accounting software doesn’t need to cost an arm and a leg. leading to an inefficient accounting process.

accounting software 59

accounting software AP Automation accountant Account 59

TaxConnex

JUNE 20, 2023

Almost five years ago, the Supreme Court’s Wayfair decision was heralded as a revenue gateway for almost all states to require remote sellers to collect and remit sales tax. 1, Louisiana’s threshold will also be only $100,000 of sales into the state and not 200 transactions besides. Some states never adopted one.) Starting Aug.

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

Going Concern

DECEMBER 20, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate accountant Account accounted 52

TaxConnex

APRIL 28, 2022

Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. Top 10 Tips for Managing Sales Tax Audits. Fear and loathing. market survey ,?more

audit 245

audit auditor general ledger Minnesota 245

Withum

SEPTEMBER 6, 2022

The accounting department’s staffing and sophistication now require an investment to accommodate these challenges. Scaling the Accounting Department. What used to be a process managed through a single credit card and bank account, which were reconciled with minimal time and resources, has now become an overwhelming monthly task.

accountant 122

accountant Account accounted accounts payable 122

Going Concern

JANUARY 9, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate accountant Account accounted 52

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 accounting and finance audit 130

Accounting Seed

NOVEMBER 15, 2024

For finance and business leaders making big-dollar decisions based on financial reports, this is an all-too-familiar dilemma. Businesses rely on key accounting reports like the P&L statement, trial balance, and balance sheet to provide a high-level view of company performance on a regular basis.

Technology 59

Technology accounting and finance general ledger NetSuite 59

Going Concern

OCTOBER 31, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 59

Real Estate accountant Account accounted 59

TaxConnex

JUNE 18, 2024

States were as eager in 2018 for more tax revenue as they have been since, and they soon set individual economic nexus triggers according to in-state sales, revenue or both ($250,000 per year in sales in a state, for example, or 200 or more separate transactions). Why isn’t there a national sales tax, anyway?

South Dakota 214

South Dakota North Dakota Sales Alabama 214

Going Concern

JANUARY 2, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate accountant Account accounted 52