Snyder

SEPTEMBER 20, 2022

Financial statements provide a snapshot of a company’s financial health. They give a broad overview of a business and serve as an indication of its intercompany financial management, profitability, solvency, and liquidity. However, these indicators are only good when you reconcile the accounts properly. The account reconciliation process is an integral part of business, which helps to connect accounting with bank statements, records with cash, and protect the business from any discrepancies. .

general ledger 98

general ledger Account accounted accountant 98

Patriot Software

SEPTEMBER 26, 2022

When it comes to business, things don’t always go according to plan. At some point, you may find your company struggling to stay afloat financially. And if that time comes, you may need to furlough some workers to avoid drowning. So, what is furlough? Keep reading to learn the definition of furlough, examples, and how […] READ MORE.

payroll 96

payroll 96

Accounting Today

SEPTEMBER 30, 2022

Tax 98

Tax tax preparation 98

Going Concern

SEPTEMBER 30, 2022

The Securities and Exchange Commission has charged Deloitte China with failing to comply with fundamental U.S. auditing requirements because in numerous audits over numerous years Deloitte China asked clients to select their own samples for testing and to prepare their own audit documentation. From the SEC press release : The Securities and Exchange Commission today charged Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China), the Chinese affiliate of the Deloitte global ne

audit 111

audit auditor financial statements public accounting 111

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

RogerRossmeisl

SEPTEMBER 26, 2022

Intangible assets — such as patents, copyrights and trademarks — are essential to the operations of many companies, but they’re rarely reported on the balance sheet. And even when they are reported due to an acquisition, book value is often based on historical cost under U.S. Generally Accepted Accounting Principles (GAAP). However, historical cost may not represent current market value, especially if the acquisition happened long ago and the asset’s value has appreciated over time.

accounting principles 130

accounting principles CPA accountant accounted 130

Anders CPA

SEPTEMBER 15, 2022

Some of the largest companies are now accepting bitcoin and other cryptocurrencies as payment, but how and when will this impact small and mid-size businesses? In this segment of But Who’s Counting?, David E. Hartley sits down with Anders tax partner and cryptocurrency guru Derek A. Barnard to dive into what investors and businesses need to know before they get involved with crypto, including: Clearly defining blockchain and cryptocurrency Tax implications of bitcoin and other cryptocurren

cpas 98

cpas CPA Tax 98

Patriot Software

SEPTEMBER 13, 2022

Do you employ a household employee? Or, are you thinking about potentially hiring one? If so, you should know that hiring a household worker is not synonymous with hiring regular employees. When it comes to being a household employer, you must prepare for additional responsibilities. One of your newfound responsibilities is filing a Schedule H […] READ MORE.

payroll 89

payroll 89

TaxConnex

SEPTEMBER 28, 2022

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. Nexus can also be physical, created by inventory, employees or reps in a state or jurisdiction. Nexus can also be dangerous.

South Dakota 246

South Dakota Alaska Sales Tax 246

Lockstep

SEPTEMBER 21, 2022

When scaling your business, email no longer becomes the “best” or “easiest” tool to use. This is why sales departments use Salesforce to manage account status, notes and communications. This is why your IT department has a helpdesk took like JIRA to compile and organize internal inquiries, because traditional email is not scalable. But why then, is your accounting team using disparate accounting email inboxes to manage vendor and customer communications?

Account 92

Account accounted accountant accounting and finance 92

SMBAccountant

SEPTEMBER 24, 2022

As a new business owner one of your first priorities is to get the word out about your company. Grassroots marketing can be a low-cost but effective way to gain a large amount of exposure to locally owned businesses or other specific audiences. Grassroots marketing involves narrowing the type of customer and making your business known to those customers you’re hoping to attain.

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246

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Technology

BurklandAssociates

SEPTEMBER 12, 2022

Burkland’s Fintech Practice Leads Steven Lord and Smit Shukla share eight accounting gaps and issues to watch out for in the early days of scaling a startup. Startups are inherently Read More. The post Growing Pains: The Top 8 Accounting Issues We See at Startups appeared first on Burkland.

Account 246

Account accounted accountant Tax 246

RogerRossmeisl

SEPTEMBER 19, 2022

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund. Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

income tax 211

income tax Tax tax return CPA 211

Accounting Today

SEPTEMBER 1, 2022

audit 145

audit Technology 145

TaxConnex

SEPTEMBER 20, 2022

The sales tax audit can be one of the scariest – and costliest -- things an online business ever goes through. If you do get hit with an audit, it’s critical to handle the process correctly. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here). This blog will conclude our top 10 list with a look at 5 missteps to avoid when handling and resolving the audit.

audit 246

audit Sales auditor Tax 246

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Going Concern

SEPTEMBER 24, 2022

The post Boeing Starts Layoffs in Finance and Accounting, Will Outsource the Work to India appeared first on Going Concern.

accounting and finance 137

accounting and finance Finance Account accounted 137

SMBAccountant

SEPTEMBER 9, 2022

by Chris Poponak – SMB Government Compliance Analyst. According to Samson Haileyesus (smallbiztrends.com,) women entrepreneurs own nearly half of all business enterprises in the United States. These same businesswomen employ almost nine-and-a-half million workers, and they generate nearly two trillion dollars in revenue across all industries. Also, according to Haileyesus, “most women-owned firms are small businesses with the top employment industries being health care; accommodation and food se

Government 49

Government accounted Account accountant 49

BurklandAssociates

SEPTEMBER 22, 2022

FP&A helps startups scale by leveraging the company’s data for decision making, including data that may be hidden beneath the surface. The post How Does FP&A Help Startups Scale? appeared first on Burkland.

accountant 147

accountant accounted Account 147

RogerRossmeisl

SEPTEMBER 19, 2022

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic rules Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report the information about offers of health coverage and enrollment in health coverage for their employees.

CPA 204

CPA business tax Tax 204

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Accounting Today

SEPTEMBER 7, 2022

business tax 135

business tax Tax 135

TaxConnex

SEPTEMBER 8, 2022

Businesses who sell over the internet must pay a lot of attention to far-flung economic tax thresholds – all states with a state wide sales tax and more than a few localities enforce them now – so it’s easy to overlook a more-obvious tripwire like physical presence. The Sales Tax Institute claims that one of the biggest misconceptions in the wake of the Supreme Court’s Wayfair decision is tax-collection requirements triggered by physical nexus (aka “physical presence”) no longer apply.

Sales 246

Sales Tax Legal South Dakota 246

MyIRSRelief

SEPTEMBER 16, 2022

Receiving an IRS Notice of Deficiency, also known as a “90-day letter,” is a serious matter that requires prompt attention. If you receive this notice, it means that the IRS has determined that you owe additional taxes and that you have 90 days to either pay the amount in full or file a petition with the U.S. Tax Court. If you need tax representation, call us at 1-877-78-TAXES [1-877-788-2937].

Tax 130

Tax CPA public accounting Legal 130

VetCPA

SEPTEMBER 8, 2022

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Read on to see if you’re making any of these mistakes and how to avoid them in the future. 1. You don’t take bookkeeping as seriously as you should. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business.

small business accounting 130

small business accounting business accounting bookkeeping Account 130

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

BurklandAssociates

SEPTEMBER 26, 2022

People Operations can help your startup weather the tough times and emerge with a solid competitive edge when the economy begins to improve. The post How People Operations Can Help Startups Succeed in a Down Economy appeared first on Burkland.

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130

RogerRossmeisl

SEPTEMBER 19, 2022

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals. Non-business energy property Before the IRA was enacted, you were allowed a personal tax credit for certain non-business energy property expenses.

CPA 195

CPA Tax 195

Accounting Today

SEPTEMBER 22, 2022

Tax 133

Tax 133

TaxConnex

SEPTEMBER 13, 2022

Remote retail sales just got rockier in Colorado, which has begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Wholesale sales or sales of exempt goods are not subject to the fee.

Colorado 246

Colorado Tax tax return Sales 246

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

MyIRSRelief

SEPTEMBER 1, 2022

Although the 2022 Inflation Reduction Act (IRA) was touted as being a bill designed to reduce inflation, it carries with it considerably more baggage. In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited.

audit 130

audit tax return Tax Education 130

Withum

SEPTEMBER 22, 2022

The IRS recently issued a chief counsel advice memorandum (CCA 202237010 (Aug. 19, 2022)) addressing the proper treatment of improperly forgiven PPP loans. The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness.

Tax 125

Tax payroll audit tax services 125

BurklandAssociates

SEPTEMBER 13, 2022

To determine if your SaaS startup is ready to hire a CFO, ask yourself these questions related to subscription revenue and metrics reporting. The post A Self-Assessment to Determine if Your SaaS Startup is Ready for a CFO appeared first on Burkland.

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RogerRossmeisl

SEPTEMBER 26, 2022

The IRS has compiled the annual Dirty Dozen list for more than 20 years as a way of alerting taxpayers and the tax professional community about scams and schemes. The list is not a legal document or a literal listing of agency enforcement priorities. It is designed to raise awareness among a variety of audiences that may not always be aware of developments involving tax administration. #1-4 – POTENTIALLY ABUSIVE ARRANGEMENTS (Source: IR-2022-113, June 1, 2022) The potentially abusive arran

Tax 184

Tax CPA Legal Sales 184

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