October, 2020

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5 Critical On-Page SEO Factors That Impact Your Ranking

DuctTapeMarketing

5 Critical On-Page SEO Factors That Impact Your Ranking written by John Jantsch read more at Duct Tape Marketing. Having high visibility in a search engine’s organic results is critical to your business’ online success. . People use search engines to find solutions to their problems. And if your product or service isn’t visibly ranking in search as a solution to their problem, that’s a massive missed opportunity for your business.

Start-ups 347
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Soft Skills: The Key to Making Good CFOs Great CFOs

BurklandAssociates

Conventional wisdom holds that the person leading a business's finance function is highly quantitative by nature. By and large, this is true. But after working with hundreds of venture-backed startups Read More. The post Soft Skills: The Key to Making Good CFOs Great CFOs appeared first on Burkland.

Finance 316
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Common Accounting Mistakes: Government Edition - Issue #8 Unallowable Expenses

SMBAccountant

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts. These costs may be considered unreasonable, or not is support of the government mission.

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Sales Tax FAQs

TaxConnex

We can’t say it enough – sales tax is complex. Whether you outsource aspects of the process or manage it all in house, there are a lot of moving parts and nothing seems to stay the same for long. We’ve compiled some of the top questions we get from clients on sales & use tax. Part 1 of these questions was on sales tax and business services. Keep reading for some of our more introductory questions we get asked on a daily basis. 1.

Sales 246
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Building a Business Case for Finance Automation

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.

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Does Your Dealership’s CPA Know the Auto Industry?

RogerRossmeisl

I’m happy to report that my second ad has now been published in 2020 Issue 3 of the California New Car Dealers Association quarterly magazine, “California New Car Dealer Quarterly” (Run time 2 min, 0 sec) Whether you’re a successful General Manager that now finds him or herself a newly minted Dealer Principal seeking an Automobile Dealership CPA Firm. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. we need to talk.

CPA 245
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What Is SECURE Act and Stretch IRA?

Bharmal&Associates

What Is Stretch IRA? Last December, the imaginatively named Setting Every Community Up for Retirement Enhancement (SECURE) Act became law. The SECURE Act was intended mainly to expand opportunities for individuals to increase their retirement savings and to simplify the administration of retirement plans. Fine. Good. But the act also included a big unfavorable change that kneecapped the so-called stretch IRA estate planning strategy that was employed by well-off IRA owners.

cpas 147

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Develop a Winning Series A Pitch – Advice from a VC

BurklandAssociates

Burkland's Head of Marketing Kate Adams interviewed Amanda Robson, a Principal at Cowboy Ventures, about preparing your Series A pitch. Q: Is there anything you recommend startups to do before Read More. The post Develop a Winning Series A Pitch – Advice from a VC appeared first on Burkland.

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Common Accounting Mistakes: Government Edition - Issue #7 Accounting for Fixed Price vs Cost Contracts

SMBAccountant

For small businesses working to attain contracts through the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs, the first phase of the project is typically a firm fixed price (FFP) contract. This type of contract requires justification for the overall price of the proposal, but once awarded no adjustments are made based on the price of performing the agreed upon work.

Account 246
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Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case. Gain a better understanding of your sales and use tax obligations with these frequently asked questions we have received from businesses that provide services. 1. My business sells software and provides other computer services.

Sales 246
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Getting the Goods on Inventory Theft

RogerRossmeisl

Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return items to the wrong shelves or customer returns are flubbed. It’s even possible that you’ve made a mistake and need to perform a recount. But if you suspect something more sinister — such as employee theft — don’t hesitate to call in reinforcements.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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S Corporation Owners – How Much Salary is the Right Amount?

Bharmal&Associates

S Corporation Owners – How Much Salary is the Right Amount? You likely formed an S corporation to save on self-employment taxes. If so, is your S corporation salary. nonexistent? too low? too high? just right? Getting the S corporation salary right is important. First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty.

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Pandemic Has Consumers Embracing QR Codes And Contactless Payments

PYMNTS

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S. merchants and shoppers fully embrace those ubiquitous square squiggly merchant codes.

Retail 144
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Are You Required to Give Employees Time Off to Vote?

Patriot Software

As a small business owner, you may offer types of paid or unpaid time off to employees. But when election day rolls around, do you give employees time off to vote? Read on to learn about offering time off to vote, voting leave laws by state, and whether you can refuse voting leave. Giving employees […] READ MORE.

payroll 141
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The Important Role Of Accountants As “Facilitators” (And Getting Paid For It)

PANALITIX

RESOURCES / ARTICLES. The Important Role Of Accountants As “Facilitators”. (And Getting Paid For It). Panalitix is working with a client located in the South Eastern United States. The firm has grown rapidly and serves many business clients, including some with revenues in excess of $5 million. The owner of one of their larger clients (let’s call him “the Seller”) plans to sell the business to his son (let’s call him “the Buyer”) in the next year.

Account 130
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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Top Sales Tax Terms To Be Aware Of

TaxConnex

As if understanding your nexus obligations wasn’t confusing enough, you throw in words and phrases like marketplace facilitator, TPP, tax situs and economic vs. physical nexus and even the most advanced finance professionals can be thrown for a loop. Let’s take a look at some of the terms associated with sales tax and their definitions. Economic Nexus.

Sales 242
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Deductibility of Portfolio Management and Related Expenses

RogerRossmeisl

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs Act, these expenses aren’t deductible through 2025 if they’re considered expenses for the production of income. But they are deductible if they’re considered trade or business expenses.

CPA 218
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4% Corporate Tax Rate for Businesses

BuildYourFirm

What business owner would not be interested in a 4% corporate tax rate, zero capital gains, and zero dividends tax? Why would a program be created offering wealthy United States citizens such a deal? Puerto Rico has been willing to supply a lucrative tax incentives because it needs money from business owners and investors here in the US. These incentives had been in place for decades and then cut in 1996, which has forced Puerto Rico into a large debt situation.

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GAO Warns Of Aviation Cybersecurity Risks In Report

PYMNTS

A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back to earth without intervention and position broadcasts are some of the complex digital infrastructure on commercial airliners.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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How to Forecast Revenue for Your SaaS Startup

BurklandAssociates

Forecasting revenue for a SaaS company is complicated. It requires an understanding of a company’s annual recurring revenue (ARR) and how it will grow over time due to the acquisition Read More. The post How to Forecast Revenue for Your SaaS Startup appeared first on Burkland.

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Resetting the Partnership: Key Questions and Strategies

PANALITIX

RESOURCES / ARTICLES. Resetting the Partnership: Key Questions and Strategies. Panalitix is working closely with accountants looking to strengthen their partnerships. Some assignments involve brand new firms where there is a lot of excitement as accountants embark on their entrepreneurial adventure. In other cases, well-established partnerships need to re-calibrate (or re-set) their foundations.

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Complexities of Sales Tax: Construction

TaxConnex

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. So you might think you have nothing to worry about from a sales and use tax perspective.

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Working with an Existing Auto Dealer for the First Time

RogerRossmeisl

(Run Time 1 min, 44 sec) When working with an existing dealer for the first time, the first step is to break everything down to the lowest common denominator, so-to-say. Each entity, and how these related companies interact with each other. Consider whether the interactions are arranged in a tax-wise manner. This has become even more important now in light of the recent Tax Cuts and Jobs Act.

CPA 217
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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Interesting Niches under a COVID Cloud

BuildYourFirm

While aspects of the stock market continue to project economic optimism, we all know that most local businesses are not. In fact, many local businesses have absorbed economic damage and there will be a ripple effect. Some of this is evidenced by our current unemployment rate, which is 7.9%. Prior to the COVID cloud, unemployment was consistently below 4%.

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Visa’s Phalen: Collaborative Commerce Is B2B Payments' Next Act

PYMNTS

The late Harvard Professor Clay Christensen was and is famed for the “jobs to be done” theory of business innovation. In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. Kevin Phalen , head of global business solutions at Visa , told Karen Webster that the consumerization and the digitization of the B2B space are enabling firms to get the job — moving money — done with efficiencies previously unknown.

B2B 137
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The Impacts of COVID-19 on Startup Performance & Fundraising

BurklandAssociates

Burkland outsourced CFO Debbie Rosler looks at the COVID-19 impacts and responses across a sample group of 25 startup clients. When the COVID-19 shutdowns initially hit in February, there was Read More. The post The Impacts of COVID-19 on Startup Performance & Fundraising appeared first on Burkland.

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Tax Account Review – TAR or Discovery

MyIRSRelief

For Los Angeles, and all over America, individuals or businesses who are concerned about the information they receive from the Internal Revenue Service (IRS) about their taxes, a tax account review – TAR may be the answer. For those who have complicated tax forms to fill out, a proper review by tax professionals may shed light on their current situation.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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Pitfalls of Sales Tax for the Manufacturing Industry

TaxConnex

“Manufacturing” for sales tax purposes is often d efined as a physical application of materials and labor to change the characteristics of tangible personal property. Makes sense, but does that mean your business is exempt? Not so easy. E very state has nuances on how sales tax applies to the manufa cturing process and the various equipment and materials that are used and consumed.

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Working with a First-Time Auto Dealer

RogerRossmeisl

(Run Time: 1 min, 40 sec) Working with a first-time auto dealer is an important job. One reason is because everything is new. Everything must be set up from scratch. I always say that it’s easier to something right the first time than to have to fix it later. But you have to let me help. keep me in the loop. I had a dealership client once that was on the grow. purchasing a new dealership every year.

CPA 180
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New Rules Simplify Forgiveness for PPP Loans of $50K or Less

Katz,Sapper&Miller

Late last week, the U.S. Small Business Administration and the Department of the Treasury issued an interim final rule (IFR) that simplifies loan forgiveness for borrowers that received Paycheck Protection Program (PPP) loans of $50,000 or less. It’s important to note that the IFR did not make forgiveness automatic, but the new loan forgiveness application, Form 3508S, is significantly easier to complete than the standard loan forgiveness application, Form 3508.

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In The Subscription Economy, Retention Is The New Growth

PYMNTS

You likely remember the days when you got your Sunday paper in printed form, before clicking links on your devices, before getting content in your email inbox thrice daily. Back then, you paid the subscription price and got a 12-inch stack of paper, replete with sections you never really read that closely. But you paid for the “bundle” anyway, because there was no other way to read the sections you really wanted to read.

Start-ups 136
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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.