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.

Sales 246

Sales Tax Colorado Massachusetts 246

CPA Practice

DECEMBER 15, 2023

Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. While Codat’s Global Accounting Guide estimates that 64% of small businesses in the U.S. Not all small businesses are on board yet.

accounting system 116

accounting system small business accounting business accounting quickbooks 116

CPA Practice

MAY 3, 2024

Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today announced plans to deliver new AI-enabled capabilities to tax and accounting professionals, as part of its innovation strategy centered on firm intelligence.

accounting system 102

accounting system Tax accountant accounted 102

TaxConnex

NOVEMBER 30, 2021

When you look at the details involved in your sales tax compliance process – preparing and filing returns, updating the filing calendar, managing notices, monitoring nexus thresholds and on and on – it’s easy to see why you need to simplify the process wherever possible. Smooth flow. To ensure consistency: Automate data file generation.

E-commerce 246

E-commerce tax return Sales Tax 246

Withum

FEBRUARY 5, 2025

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. Selecting the Appropriate Accounting Method The choice between cash and accrual accounting methods can significantly impact financial reporting and tax filings.

Real Estate 59

Real Estate Tax accountant accounted 59

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms 111

accounting firms Technology accountant accounted 111

Going Concern

OCTOBER 15, 2024

Apparently they were planning to do a little maintenance on the Tax Pro Account systems from October 13-15. pic.twitter.com/IpyTDXaAdc — Andrea Carr CPA (@andreacpa0) October 12, 2024 The notification no tax pro wants to see on the days leading up to 10/15: Good news though! The system will remain open.

Tax 69

Tax CPA accounting system accountant 69

MyIRSRelief

OCTOBER 2, 2023

If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. To comply with tax laws.

tax services 130

tax services bookkeeping bookkeeping services Tax 130

TaxConnex

FEBRUARY 16, 2023

Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. Our company is highly acquisitive and this results in lack of consistency when it comes to billing, accounting and reporting,” said one survey respondent. Added a third respondent: “We need help now.”

Sales 130

Sales Tax Alaska Missouri 130

TaxConnex

MARCH 7, 2023

Online retailers and eCommerce companies have been the focal point of taxing jurisdictions and their updated nexus laws for years. Our third annual survey of financial professionals revealed a sales tax storm in many industries. Yet these companies are unhappy about they handle sales tax.

Sales 130

Sales Retail Tax tax return 130

TaxConnex

JANUARY 4, 2022

Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Sales tax rules , rates, filing frequencies and many other details change frequently. Calculate your tax correctly. First you start with the data itself and calculating the proper sales tax. File correctly.

tax return 242

tax return Sales Tax Start-ups 242

TaxConnex

AUGUST 10, 2023

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one. A lot of complications Currently, sales tax across the U.S. What should you do?

Sales 130

Sales Tax tax return payroll 130

TaxConnex

APRIL 13, 2023

Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done. What’s keeping them up at night?

Sales 130

Sales Tax tax return audit 130

TaxConnex

APRIL 20, 2023

If you refer to “filing taxes” most people think of income tax with its annual filing requirement. State sales tax is another beast altogether, with a dizzying number of deadlines – and, potentially, serious consequences for missing one. The states’ call Why no uniformity in sales tax requirements? Intensifying problem?

Sales 130

Sales Tax income tax tax return 130

TaxConnex

APRIL 11, 2023

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. In fact, our annual survey of financial professionals on sales tax trends has ranked sales tax audits as a top worry for the third year in a row. If the number of audits has remained the same, why is it a top worry?

audit 130

audit Sales Tax auditor 130

SMBAccountant

DECEMBER 16, 2020

For tax purposes, guidance may be different, but for this article’s purpose, the methods of recording R&D in a contractor’s accounting system will be discussed. These programs often result in technology or products that begin with government use and then become commercial items.

Government 246

Government accountant accounted Account 246

Nancy McClelland, LLC

JANUARY 12, 2025

It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. “What is an IRS Account Transcript and Why Do I Need One?” Initially, this was to confirm the amounts of stimulus payments and child tax credit payments.

Tax 52

Tax tax return accountant accounted 52

CPA Practice

OCTOBER 2, 2023

As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. Tax Pro Account users can now also withdraw from their active authorizations online in real time.

Tax 119

Tax accountant accounted Account 119

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

accounting firms 52

accounting firms Technology Tax tax preparation 52

Basis 365

FEBRUARY 1, 2024

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial discipline.

accounting system 59

accounting system accountant accounted Account 59

CPA Practice

NOVEMBER 10, 2023

However, it provides an opportunity for business owners – and their accountants – to leverage new solutions that are both business and accounting-friendly. How can accountants help their clients get ahead of messy data collection and unruly tax preparation? Let’s dig in. Let’s go back to our example of a pet store.

Sales 100

Sales business tax Tax tax preparation 100

xendoo

APRIL 19, 2021

To be competitive in the new economy, cloud-based accounting is no longer a luxury; it’s a necessity. Here are some of the best accounting systems for Shopify that can help get your business on track. QuickBooks Online is the cloud-based version of the popular and versatile QuickBooks business accounting software.

accounting system 52

accounting system quickbooks South Dakota E-commerce 52

Steve Feinberg

APRIL 11, 2023

So, when it comes to finding shortcuts and other ways to keep the contracts coming in, accounting systems for web designers can help keep your workflow on track and ensure you get paid when you need to. Shifting deadlines, unpredictable client changes to deliverables, and an unsteady cash flow are realities for web designers.

accounting system 52

accounting system accountant accounted Account 52

CPA Practice

FEBRUARY 14, 2024

From online tax and accounting systems, practice management, document automation and workflow tools, to apps for collaboration, mobile productivity and research. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.

Technology 126

Technology Construction accounting system payroll 126

Withum

JANUARY 30, 2025

Author: Deepa Patel , CPA | deepa.patel@withum.com Contact Us Get in touch with our Outsourced Accounting Systems and Services Team today to ensure your financial statement audit preparation is on track. Let’s Chat The post Financial Audit Preparation Steps: Expert Tips for An External Audit Process appeared first on Withum.

audit 100

audit financial statements auditor accounting principles 100

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. In 2004, under the editorial leadership of Gregory L.

Technology 124

Technology accounting firms accountant accounted 124

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government accounting principles accountant accounted 190

Ronika Khanna CPA,CA

AUGUST 27, 2021

An accounting system can be an extremely powerful tool for business owners. How Much Money Do You Have In Your Bank Account? Many business owners, in the absence of an accounting system, will just look at their bank balance to determine their available funds. Digital Download (Ebook). Available at Amazon.

accounting system 52

accounting system accountant accounted Account 52

Accounting Seed

DECEMBER 5, 2022

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesn’t have the features, speed, or power you need, at least it’s familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system.

accounting system 52

accounting system accountant accounted Account 52

CPA Practice

JANUARY 17, 2023

Eide Bailly sees risk awareness driving growth in sales tax automation. Sales taxes continue to be one of the most dynamic and risk prone areas of business operations, particularly since so many businesses are still not fully aware of their compliance requirements. Nearly five years following the U.S. Wayfair, Inc., Wayfair, Inc.,

Technology 98

Technology Sales Tax South Dakota 98

inDinero Tax Tips

JULY 11, 2023

The home office deduction can help business owners or remote workers cut back on their tax bills — but figuring out if you qualify or how to apply it can be challenging. If you’d prefer to avoid the hassle and want more time to focus on what you do best, consider indinero’s business tax services.

Tax 90

Tax business tax Start-ups tax services 90

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. But even basic tax planning can make a big difference in reducing future tax liability.

quickbooks 130

quickbooks payroll Technology audit 130

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

Non-Profits Technology audit accounting system 52

Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. What is a tax audit? Meeting a tax auditor is as frightening as meeting a ghost.

audit 98

audit Tax tax return auditor 98

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 accounted Account 52

Menzies

OCTOBER 14, 2022

Quickbooks have suggested that their decision to cease support for the Desktop version arises on the back of recent changes to accounting and tax regulations – predominantly as the solution is not compliant with Making Tax Digital (MTD). What are the advantages of a cloud-based accounting software?

accounting system 40

accounting system accountant accounted Account 40

xendoo

MARCH 4, 2022

Many ecommerce owners understand the importance of making sales, but do you know how to record ecommerce sales for your accounting system? However, it can be challenging to set up an ecommerce bookkeeping system. Ecommerce entrepreneurs and bookkeepers collect sales tax and financial statements. Submitting tax returns.

Sales 105

Sales bookkeeping accountant accounted 105