TaxConnex

MARCH 31, 2022

Sometimes if we hear a phrase often enough, we don’t appreciate the importance of all the words. One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. A complementary or compensating tax to the sales tax, it’s required to be paid by the buyer in cases where the seller does not collect sales tax.

Alabama 246

Alabama Tax Washington California 246

RogerRossmeisl

MARCH 28, 2022

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features that are especially favorable to small businesses: Eligible small businesses ($50 million or less in gross receipts) may claim the credit against alternativ

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payroll tax payroll Tax CPA 198

BurklandAssociates

MARCH 29, 2022

What will the future of work for startups look like? Shahar Erez, Co-Founder & CEO of Stoke Talent, joined us on Startup Success to share his thoughts on the future Read More. The post How to Prepare Your Startup for the Future of Work appeared first on Burkland.

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Acterys

MARCH 28, 2022

The purpose of any forecast is to provide the closest possible snapshot of the future for business teams to plan and budget their activities. In essence, a good forecast is determined by its flexibility to evolve as per the changing conditions instead of sticking to the same initial projections across the financial period. As such, rolling forecasts are a solid first step towards agile planning and budgeting for organizations looking to become more reactive and adaptive to change.

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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

VetCPA

MARCH 16, 2022

As a small business owner, tax liability is the money you owe the government when your business generates income. With changing laws and gray areas regarding deductions, exemptions, and credits, it’s no wonder small business owners rank taxes at the top of the list of the most stress-inducing aspect of business ownership. To reduce that stress, taxes shouldn’t be something to focus on only at year’s end.

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Withum

MARCH 24, 2022

Movies tend to overlook or ignore many aspects of everyday life. While I understand that movies require us to suspend our disbelief, as a self-confessed tax nerd, I just can’t ignore the flagrant disregard of tax rules. So, with the 2021 individual tax filing deadline coming up, it had me wondering, is America’s favorite comic book and movie hero a tax cheat?

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RogerRossmeisl

MARCH 28, 2022

As posted to the Peak Prosperity YouTube Channel on 3/23/2022 (Run Time: 52 min, 22 sec) Paraphrased from Creator-Provided Description California is facing a rash of exceptionally dangerous and poor legislation that is truly beyond belief. The only possible way to understand it compassionately is to see those elected officials proposing it as being swept up in Mass Psychosis.

California 207

California CPA 207

BurklandAssociates

MARCH 21, 2022

Welcome to the fourth installment of our Surviving Due Diligence series, a collection of best practices and tips to help startups successfully get through the due diligence process that precedes Read More. The post Surviving Due Diligence, Part 4: Quality of Earnings appeared first on Burkland.

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Acterys

MARCH 24, 2022

Given the high volatility of today’s global market, prices have been consistently fluctuating across all upstream and downstream supply chain processes. As a result, demand volume prediction with comprehensive ‘what-if’ analysis for price changes has become more important than ever for supply chain management. The Role of Modern Power BI Procurement Planning Solutions.

Finance 130

Finance Sales Start-ups 130

xendoo

MARCH 21, 2022

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings.

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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.

Technology

Withum

MARCH 21, 2022

Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and Jobs Act of 2017 (“TCJA”) may lead to unexpected tax consequences this tax season. Just when we thought the discussion surrounding 199A was on the decline, the detailed review of the IRC and regulations could limit the 199A deduction for certain pass-through entity owners, causing their effective fe

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TaxConnex

MARCH 22, 2022

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it. Somebody can: the states and tax jurisdictions themselves. Some states give?a?collection discount to help with the costs of managing sales tax.?If it sounds like free money to help cover the costs of outsourcing your sales tax compliance, it can be?

Sales 246

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RogerRossmeisl

MARCH 28, 2022

(This is Blog #1180). The post Why Your Company Needs an Expense Reimbursement Policy appeared first on Roger Rossmeisl, CPA.

Expense Reimbursements 201

Expense Reimbursements CPA 201

BurklandAssociates

MARCH 14, 2022

Some of my best tactical and strategic advice gleaned from two decades of working with startups in different stages and sectors. The post Advice for Founders from a Fractional CFO for Startups appeared first on Burkland.

Tax 130

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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

Acterys

MARCH 4, 2022

Acterys 22.1 marks the biggest update yet in our 4 years journey of developing our platform to be the most comprehensive integrated planning and analytics solution. After seeing the tremendous response for our last version 21.2 update , we are set on the path to take Acterys to the next level and provide unmatched value to our customers. And here we are with Acterys 22.1 with several new features and functionality enhancements that doubles its ease-of-use, extensibility, and automation capabilit

Start-ups 130

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Going Concern

MARCH 3, 2022

Ever since KPMG was fined $50 million by the SEC in June 2019 as a result of auditors at all levels cheating on internal online training exams by illegally sharing answers with colleagues and manipulating test results (as well as that whole KPMG audit partners stealing confidential inspection information from the PCAOB thing), we have learned that employees passing around the answers to mandatory internal training exams happens quite a bit in the Big 4.

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Withum

MARCH 24, 2022

The Tax Court recently denied a deduction for an expense that the taxpayer thought was an ordinary and necessary business expense. The expense was an educational expense for a non-employee, and even though the tax law allows flexibility to taxpayers in deducting business expenses, it does have limits. The tax law regarding business expense deductions allows significant flexibility to taxpayers.

income tax 128

income tax tax return Tax Education 128

TaxConnex

MARCH 29, 2022

Subscription-based selling is appealing to businesses for its reliability of loyal customers and steady revenue. From gift boxes to magazines to cutting-edge software, it’s one of the most diverse ways of selling. The model does come with steady sales tax obligations and risks though, and if not properly understood, it could lead to significant sales tax risk in the business.

Sales 246

Sales Tax Gaming Start-ups 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

MARCH 28, 2022

Keeping track of every IT asset — particularly as remote work has become common — is essential if your company wants to limit financial losses and fraud risk. According to some estimates, most remote employees use at least two employer-assigned devices, and a smaller percentage use three or more. In general, the more devices in use, the greater the potential for loss or theft.

CPA 201

CPA 201

BurklandAssociates

MARCH 10, 2022

Much has changed in the consumer startup market over the last couple of years. For one, SaaS enterprise investors who had dipped their toes into the consumer space are now Read More. The post Taking a Look at Alternative Financing Options for Consumer Startups appeared first on Burkland.

Finance 130

Finance 130

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? Ecommerce business owners have some degree of flexibility that physical storefronts cannot afford. Apart from avoiding rent, an ecommerce model makes it easy to fulfill orders from the comfort of your home or warehouse.

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ThomsonReuters

MARCH 17, 2022

QUESTION: Our self-insured health plan would like to reduce required employee contributions for employees who do not use tobacco. Can the plan require employees who use tobacco to pay more than employees who do not use tobacco, even though both groups receive the same coverage? ANSWER: Under HIPAA’s health status nondiscrimination rules, a group health plan generally cannot require an employee to pay more for coverage than another similarly situated employee if the difference is based on a hea

Legal 105

Legal Tax accountant accounted 105

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

Withum

MARCH 17, 2022

Let’s be honest. Most tax accountants would not be described as “hip” and many struggle to be considered “tech savvy”. Even so, some of their clients’ needs are forcing them into a new world surrounding the exchange of digital assets. . While many persons trading cryptocurrency or buying a non-fungible token (“NFT”) think they are just doing something new, fun, or just goofing around because they have cash to play with, what they don’t realize is that Uncle Sam is looking to collect their share.

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TaxConnex

MARCH 8, 2022

TaxConnex™ is excited to announce that for the second year in a row, their customer survey revealed a Net Promoter Score (NPS) score of 81. As defined by Qualtrics , Net Promoter Scores are based on one survey question – “How likely is it that you would recommend this company to a friend or colleague.” Respondents give a rating between 0 (not at all likely) and 10 (extremely likely) and, depending on their response an NPS score is calculated from -100 to 100.

Sales 246

Sales Tax 246

RogerRossmeisl

MARCH 28, 2022

You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. But before explaining those rules, be assured you that when you are taxed on undistributed income, you won’t be taxed again if and when the income ultimately is paid to you.

income tax 198

income tax CPA California Tax 198

BurklandAssociates

MARCH 3, 2022

Burkland’s Tax Services lead, Ardy Esmaeili, CPA contributed an article to TechCrunch this week, What US Startup Founders Need to Know About the R&D Tax Credit. Our tax team has Read More. The post Our New TechCrunch Article on R&D Tax Credit Resources for Startups appeared first on Burkland.

Tax 130

Tax CPA tax services 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 Web

MARCH 25, 2022

Practice Why Female Leadership and Innovation Matter.

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ThomsonReuters

MARCH 3, 2022

QUESTION: Several of our employees were hospitalized over the past year with COVID-19 and incurred large medical expenses, which our self-insured health plan was obligated to cover. We later discovered that these employees were not vaccinated against COVID-19. Given the financial impact of COVID-19 on our health plan, can we require employees going forward to show proof of COVID-19 vaccination as a condition of eligibility?

Hospitality 105

Hospitality Tax accountant accounted 105

Withum

MARCH 29, 2022

Crowdfunding is an alternative way of raising funds for a startup, requesting donations for a specific charitable cause, or even collecting money for individuals in need. The contributions are usually in small amounts, but the funds raised can be significant. The question is, are funds raised through websites like Kickstarter, GoFundMe, Kiva and Indiegogo taxable?

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tax return Tax CPA tax services 122

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes.

South Dakota 246

South Dakota Sales West Virginia Tax 246

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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.