TaxConnex

MAY 3, 2022

F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship. Changes in ownership, staff or operations can affect provider performance or client needs. Let’s take a look at some of the major beefs that respondents had with their sales tax providers based on a survey TaxConnex conducted of financial pr

Sales 264

Sales Tax Start-ups 264

RogerRossmeisl

MAY 16, 2022

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled. And you want to make sure you can defend the amounts reported on your tax returns in case you’re ever audited by the IRS.

audit 217

audit Tax tax return CPA 217

BurklandAssociates

MAY 9, 2022

One of the most frequent questions Burkland CFOs receive from our SaaS startup clients and their investors is, “how do we compare to other SaaS startups?” It is a good Read More. The post Financial Benchmarks for SaaS Startups, a Self-Assessment Tool appeared first on Burkland.

accountant 336

accountant accounted Account 336

Accounting Today

MAY 23, 2022

accountant 145

accountant accounted Account 145

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

Going Concern

MAY 20, 2022

[UPDATE 5] Not sure if this is pertinent as to why the FBI and IRS raided Alliantgroup’s offices in Houston this morning, but one Alliantgroup employee who contacted us earlier today said the firm’s billing practices are unfair to its clients: For most clients there is a 35% fee cap for our services. Employees are incentivized to use this entire amount up.

Texas 145

Texas public accounting Tax accountant 145

Lockstep

MAY 19, 2022

Patent-pending Email and Accounting Software Integration Revolutionizes and Streamlines Payments and Month-end Closing Workflows. Seattle, WA – May 19, 2022 — Lockstep® , the leader in connected accounting, today announced the launch of Lockstep Inbox , the first-ever shared inbox for accounting teams. An industry first, Lockstep Inbox is a free solution that streamlines accounting workflows between companies such as onboarding, invoicing, disputes, payments, and reconciliation.

Account 138

Account accounted accountant accounting software 138

RogerRossmeisl

MAY 23, 2022

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over C corporations, there are some potentially costly tax issues that you should assess before making a decision to switch. Here’s a quick rundown of the most important issues to consider when converting from a C corporation to an S corporation: Built-in gains tax Although S corporations generally aren’t subject to tax, those

Tax 215

Tax CPA business tax 215

BurklandAssociates

MAY 17, 2022

SaaS startups need strong metrics for Series A funding that demonstrate traction, growth, profitability, and efficiency. The post Critical Series A Finance Metrics for SaaS Startups appeared first on Burkland.

Finance 195

Finance 195

Accounting Today

MAY 25, 2022

cpas 134

cpas 134

Withum

MAY 16, 2022

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income.

Real Estate 131

Real Estate Tax income tax tax return 131

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Technology

Acterys

MAY 19, 2022

Excel is still a favorite for reporting in relation to cloud-based applications like Xero in the accounting space. It is predominantly driven by widely available knowledge, flexibility, and options for adding custom calculation options. The beauty of this productivity tool is that exporting data to Excel is simple and straightforward, knowledge is widely available, and the flexibility and ease of adding custom calculations is unparalleled.

audit 130

audit Gaming accounted Account 130

TaxConnex

MAY 24, 2022

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales.

South Dakota 246

South Dakota Sales Retail Tax 246

RogerRossmeisl

MAY 31, 2022

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. If you donate an item of property (or a group of similar items) worth more than $5,000, certain appraisal requirements apply. You must: Get a “qualified appraisal,” Receive the qualified appraisal before your tax return is due, Attach an “appraisal summary” to the first tax ret

tax return 210

tax return CPA Tax 210

BurklandAssociates

MAY 31, 2022

Even in a down market, 2022 has the potential to be a solid year for fundraising for startups with a sizable market opportunity, proven product-market fit, and solid metrics. As Read More. The post What is a Startup CFO’s Role in Fundraising? appeared first on Burkland.

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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

Accounting Today

MAY 17, 2022

audit 134

audit Tax 134

VetCPA

MAY 18, 2022

Is Your QuickBooks company file ready for 2022? Three things you can do to put things in order. Don’t forget about QuickBooks while you’re catching up on 2021 and looking ahead to 2022. You probably don’t want to put one more item on your to-do list, but any steps you take now to ready the software for the new year will pay off. Once you start entering transactions and placing orders and welcoming new customers, it will help tremendously to have a clean slate.

Start-ups 130

Start-ups quickbooks 130

Acterys

MAY 13, 2022

For over 20 years the Acterys founders have been very closely involved in the evolution of performance management processes working with most major technologies. Cost Saving and Process Efficiencies for Planning & Analytics Through Platform Unification. In this blog, we address the potential for efficiencies and cost savings through platform unification in organically grown, often very disparate approaches that we see at customers.

Technology 130

Technology Maine Finance 130

TaxConnex

MAY 19, 2022

Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them. Local sales are becoming an increasing burden for online sellers as cities, counties and towns nationwide constantly tinker with their own sales taxes and other jurisdictions create new economic nexus rules. Accurately collecting, reporting and remitting is a major, ever-changing challenge for online sellers.

Alaska 246

Alaska Colorado Louisiana West Virginia 246

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

RogerRossmeisl

MAY 30, 2022

(This is Blog Post #1207). The post You May Have a Basis for Reducing the Tax Bite appeared first on Roger Rossmeisl, CPA.

Tax 210

Tax CPA 210

BurklandAssociates

MAY 24, 2022

Burkland’s Managing Director, Tax Practice, Ardy Esmaeili, CPA contributed an article to TechCrunch this month; Starting up remotely? Keep these labor laws and tax guidelines in mind. Our team has Read More. The post Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups appeared first on Burkland.

Tax 130

Tax CPA Start-ups 130

Accounting Today

MAY 19, 2022

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131

PANALITIX

MAY 4, 2022

RESOURCES / ARTICLES. Designing the Ideal Team Structure: 6 Underlying Principles. Many Accountants struggle to stay on top of their work, especially during peak seasons. This can lead to unhappy clients and frustrated teams – a deadly combination. Longer term, there’s fatigue and despondency. . Sometimes, leaders have difficulty diagnosing the problem.

tax return 130

tax return bookkeeping accounting and finance financial statements 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

MyIRSRelief

MAY 2, 2022

Amending and or correcting a US corporate 1120 or 1120S business tax return (1120X), there are many reasons to do so: Corporate business returns often require amendments to correct errors or to claim overlooked income, deductions or tax credits after the filing of the returns, if located in Los Angeles, CA or other city. The process of correcting business corporate returns 1120 or 1120S requires different types of amended forms and an understanding of the refund procedures as well as possible ad

tax return 130

tax return corporation tax Tax audit 130

TaxConnex

MAY 17, 2022

“Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed. According to the Sales Tax Institute there may be changes on the horizon– and though the aim appears to lean towards improving life for remote sellers, the changes only seem to make meeting sales tax obligations harder.

New Mexico 246

New Mexico Texas Illinois Colorado 246

RogerRossmeisl

MAY 8, 2022

Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements. If you suspect occupational fraud and request an investigation, here’s what the experts might find. Unusual changes Your statement of cash flows shows how cash changed during the year.

forensic accounting 209

forensic accounting accounting and finance financial statements CPA 209

BurklandAssociates

MAY 2, 2022

Raise enough money to cover 18-24 months of runway based on your growth plans after the round while preserving as much equity as possible. The post How Much Money Should My Startup Raise at Series A? appeared first on Burkland.

accountant 130

accountant accounted Account 130

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

Accounting Today

MAY 24, 2022

Tax 128

Tax 128

Withum

MAY 23, 2022

As the legalization at the state level continues to increase, the need for business valuation is increasing. The reasons for business valuations are varied and include the following: Transactional, which might include the acquisition of an existing business or the buy-in or buy-out of an ownership interest. Planning, which might include gifting and succession planning opportunities.

Non-Profits 128

Non-Profits Legal Tax Sales 128

Accounting Web

MAY 17, 2022

Bookkeeping How Women are Overcoming Bias in Bookkeeping.

bookkeeping 118

bookkeeping 118

TaxConnex

MAY 5, 2022

You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. Misreading your nexus footprint. Besides the economic thresholds in each state, you should also be aware of creating a physical presence in various states.

Sales 244

Sales South Dakota Tax Hawaii 244

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