RogerRossmeisl

JULY 30, 2021

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S. savings bonds offer two tax-saving opportunities for eligible families when used to finance college: You don’t have to report the interest on the bonds for federal tax purposes until the bonds are cashed in, and Interes

Tax 246

Tax Education CPA Finance 246

MyIRSRelief

JULY 12, 2021

Each year, many individual and business taxpayers end up owing the IRS hundreds of thousands of dollars due to not filing their taxes by the deadline or under paying them. If you have experienced back tax debt, you need to find a reliable and experienced professional who offers tax debt relief services to assist you in getting caught back up and on track as quickly as possible.

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Tax payroll tax tax return payroll 147

BurklandAssociates

JULY 28, 2021

Crowdfunding allows large numbers of people to contribute relatively small amounts of money through the Internet to a given project, cause, or new business venture. Crowdfunding is a powerful form Read More. The post What Is Crowdfunding? appeared first on Burkland.

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TaxConnex

JULY 29, 2021

Sales tax is complex for any business selling into multiple states. But there are specific states and jurisdictions that make it extra confusing for those trying to maintain compliance. One such location is Chicago, Illinois. Chicago is a home rule city and taxes several items that are not taxable at the state level. One example is Software-as-a-Service (SaaS) which is not taxable at the state level but is taxable within the City of Chicago.

Sales 246

Sales Tax Illinois audit 246

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Account

PANALITIX

JULY 21, 2021

RESOURCES / ARTICLES. Random sales statistics, little nudges. Sometimes the biggest value of a “statistic” you happen upon is that it challenges you to think for a bit. Maybe think differently for a bit. This can be the beginning of a new habit that leads to a shift in the way you work – for the better! I came upon some “sales” statistics* on the interweb (so we know they’re legit).

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Sales tax services Tax accountant 130

Patriot Software

JULY 26, 2021

When an employee leaves your business, you must follow an employee termination checklist. One of your employer responsibilities is giving terminated employees their final pay. But, how soon do you need to pay it out? Cue final paycheck laws by state. Read on to learn about (and comply with) final paycheck laws. General rules for […] READ MORE.

payroll 114

payroll 114

AccountingDepartment

JULY 24, 2021

If you have a cash shortage with your business, it is important to have a strategic plan to survive and reverse the shortage. If you don't have a plan in place, you could find yourself falling short on money for expenses like payroll. In order to prevent a cash flow shortage , you need to take action ahead of time. Here are a few steps you can take to prevent or survive a cash shortage flow.

payroll 105

payroll small business accounting business accounting bookkeeping 105

BurklandAssociates

JULY 13, 2021

By now you have probably heard of the 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair (“Wayfair”), which granted all 50 states the ability to reach out to Read More. The post Sales Tax on SaaS: A Checklist & State-By-State Guide for Startups appeared first on Burkland.

South Dakota 147

South Dakota Sales Tax 147

TaxConnex

JULY 13, 2021

We are very excited to announce the launch of our newly designed website. Visit us at www.taxconnex.com to check it out! After several months of hard work and dedication, we are delighted to officially announce the launch of our newly designed website. We wanted to make the new website faster, easier to navigate, and more informative , and we believe this new site achieves all these things!

Education 246

Education Tax Sales 246

PANALITIX

JULY 20, 2021

RESOURCES / ARTICLES. Random sales statistics, little nudges. Sometimes the biggest value of a “statistic” you happen upon is that it challenges you to think for a bit. Maybe think differently for a bit. This can be the beginning of a new habit that leads to a shift in the way you work – for the better! I came upon some “sales” statistics* on the interweb (so we know they’re legit).

Sales 130

Sales tax services Tax accountant 130

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

Patriot Software

JULY 26, 2021

Deciding whether you want to provide paid time off (PTO) is something you need to do before you hire an employee. Offering PTO also requires you to craft a policy that explains how your business treats accrued time off. But, PTO payout laws by state may restrict whether you can establish a use-it-or-lose-it policy. Sure, […] READ MORE.

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payroll 106

RogerRossmeisl

JULY 14, 2021

Fraud perpetrators take whatever they can get their hands on. But fraudsters prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even cash-based theft. Multiple opportunities According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which includes checks because they’re easily converted to cash: theft of cash on hand, theft of cash receipts, and fraudulent disbursements.

Maine 245

Maine CPA 245

Withum

JULY 21, 2021

The East Brunswick Public Library sponsored my presentation last week about Money $ecrets of the Rich and Famous and I had a slide with 10 bullet points that seemed to provide a clue to what the wealthy do, and so should most people, so am including it here with some added comments.

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BurklandAssociates

JULY 20, 2021

Welcome to the first in a series of articles examining areas of due diligence that can delay or derail transactions, and leave startup founders red-faced right when they want to Read More. The post Would My Startup Survive Due Diligence? Part 1: Sales Tax appeared first on Burkland.

Sales 130

Sales Tax 130

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

financial statements

TaxConnex

JULY 27, 2021

An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is a resale exemption certificate (aka a resale certificate). In the absence of a valid resale certificate, an auditor is likely to assume the transaction was taxable. As a result, it’s critical for the seller to maintain copies of these resale certificates in the event of an audit.

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auditor audit Sales Tax 245

PANALITIX

JULY 7, 2021

RESOURCES / ARTICLES. Delighting Clients. through Better Processes. Does your entire team care deeply about the wellbeing of all your clients, all the time? Are they always curious about clients, proactively looking for ways to help? If you can confidently answer ‘yes’ to these questions, you are in very fortunate (and rare) position. You probably have very high levels of client satisfaction, retention, up-selling and referrals.

financial statements 130

financial statements Start-ups accountant Account 130

MazumaBusinessAccounting

JULY 15, 2021

Running your own business is rewarding, but it can also be overwhelming. There are dozens of administrative tasks to keep tabs on besides your day-to-day work. I’ve been there, and I’ve felt that nagging feeling that I am letting something important slip through the cracks. That’s why I wanted to put together these tips to help you stay on top of your finances while growing a successful business. 1.

accounting and finance 105

accounting and finance Tax Education Start-ups 105

RogerRossmeisl

JULY 27, 2021

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting out inconsistencies, omissions and errors in taxpayers’ records, as illustrated by one recent U.S.

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auditor CPA Tax cpa firm 245

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

GrowthForceBlog

JULY 16, 2021

7 min read. We've all been in meetings where no one contributes, no one takes anything away, and everyone leaves feeling a little less vibrant, having been drained of time and energy. This type of meeting is costly- and your bottom line takes the hit.

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BurklandAssociates

JULY 6, 2021

Story name: Cities where small businesses have been impacted most by COVID-19 Story link: [link] Written by: Ellen Wulfhorst Ylenia Cancelli // Shutterstock Cities where small businesses have been impacted Read More. The post Cities Where Small Businesses Have Been Impacted Most by COVID-19 appeared first on Burkland.

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TaxConnex

JULY 22, 2021

For most businesses, sales tax is not a top priority. It probably doesn’t even make the top 5 list! But if not managed correctly, it can cause major headaches. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. Now that we are three years post the Wayfair decision, and all states with a state-wide sales tax have enacted economic nexus laws, most businesses with a sales tax obligation

Sales 238

Sales Technology Tax audit 238

Withum

JULY 14, 2021

Most people I speak to have faint memories of last year’s stock market drop. The resulting increase created that memory lapse. Question: How did you feel when the market dropped?

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

MazumaBusinessAccounting

JULY 29, 2021

Are you looking to build your business? As small business owners, it is easy to get distracted by the length of our to-do list and lose sight of the important factors that drive our business’ success. It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business.

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Tax Start-ups Sales public accounting 98

RogerRossmeisl

JULY 20, 2021

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. This year’s “Dirty Dozen” is separated into four separate categories: Pandemic-related scams like Economic Impact Payment theft (See Blog Post 1049) Personal information cons including phishing, ransomware and phone “vishing” (This Blog P

CPA 245

CPA Tax cpa firm 245

ThomsonReuters

JULY 29, 2021

QUESTION: A few participants in our company’s health FSA told us that their doctors have started charging patients a monthly fee that is payable whether or not the patients visit the office. There is no additional charge for actual office visits. Can our health FSA reimburse this fee? ANSWER: Generally, fees of this type are not reimbursable. In our view, such fees are like insurance because they are payable whether or not medical care is provided.

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Expense Reimbursements Tax accountant Account 98

CTP

JULY 27, 2021

California Prop 19, also known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act,” went into effect on February 16, 2021. This blog will review the three classes of people who can benefit from this legislation, as well as the strict limitations it introduces to parent-to-child property […].

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Real Estate California Tax 98

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

TaxConnex

JULY 6, 2021

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?.

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Missouri South Dakota E-commerce Florida 238

Withum

JULY 28, 2021

A lot of people set retirement goals many years in the future. Some are fortunate to reach it and some not so fortunate. Here is a plan, or a template, for those that could tell that they are not going to attain their goals.

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CapataCPA

JULY 22, 2021

Advance Child Tax Credit information: What you need to know The IRS created a Child Tax Credit Update Portal, it is a password-protected tool available to everyone with internet access from any device. You may check on your eligibility, payment status, or unenroll from this benefit. If you have an existing IRS account, you may use. The post Advance Child Tax Credit appeared first on CPA firm in Orange County, CA | CAPATA.

Tax 98

Tax cpa firm CPA accountant 98

RogerRossmeisl

JULY 27, 2021

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions This is the minimum amount you must withdraw from your retirement accounts. You generally must start taking withdrawals from your IRA, SEP, SIMPLE and other retirement plan accounts when you reach age 72 (70½ before January 1,

Tax 244

Tax CPA accountant Account 244

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.