TaxConnex

OCTOBER 21, 2021

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Whether you’re selling tangible personal property or other taxable materials online, your sales tax obligations have changed considerably over the last few years with the introduction of economic nexus.

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E-commerce Sales Tax Retail 221

BurklandAssociates

OCTOBER 20, 2021

When it comes to HR and People Operations, you’ve probably enacted your first tactical steps around payroll and tax compliance in each state where you have employees. But have you Read More. The post Strategic HR for Startups: Wins to Focus on Right Now appeared first on Burkland.

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payroll Tax 130

SMBAccountant

OCTOBER 20, 2021

In QuickBooks Online and Desktop, the Bank Feed is a nifty tool for importing transactions directly from your bank. Each transaction that the bank processes will show up in QuickBooks for you to categorize into the proper Income, Expense, or Balance Sheet account. What happens when a transaction in your Bank Feed has already been recorded directly through QuickBooks, like invoices you added to Accounts Receivable or a bill you wanted to show in Accounts Payable?

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quickbooks accounts payable accountant Account 246

MyIRSRelief

OCTOBER 18, 2021

If you had the opportunity to receive a refund from the IRS or pay less tax legally than you thought you had to, would you take the opportunity or just let it pass you by? 9.9 times out of 10, you’d jump at the opportunity, and why wouldn’t you? Despite there being numerous ways of paying the IRS fewer taxes, and indeed, of claiming back taxes and expenses that you weren’t aware you could, it turns out that every year, countless US citizens across the nation pass up these very opportunities by f

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Tax income tax tax return business tax 100

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.

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TaxConnex

OCTOBER 19, 2021

You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. And without the right correspondence or adjustments due to these notices, you could be in hot water. These days, notices may arrive in snail mail, show up in your email inbox, or simply be posted to your account on the jurisdiction’s website.

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Sales Tax tax return accountant 238

Withum

OCTOBER 20, 2021

Tulipomania refers to a speculative bubble that took place in the 17th century Dutch Republic (today’s the Netherlands) that collapsed in February 1637. This was caused by the frenzied fury of Dutch investors buying tulip bulbs and pushing the prices higher and higher until, suddenly, the buying stopped.

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MazumaBusinessAccounting

OCTOBER 22, 2021

When Tyson Harvey offered to take over a skydiving center in Snohomish, Washington , there was only one problem—he had never been skydiving. Aviation is a staple in the Harvey family, who own and operate Harvey Airfield. “My whole life I have grown up on the airport,” Tyson says. But he admits he considered skydiving as an “aviation sideshow.” But when the owner of the Snohomish skydiving center became ill, the skydiving community begged the Harvey family to keep the oppo

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Washington Start-ups business accounting accountant 98

KROST

OCTOBER 21, 2021

In Late September 2021 Governor Newsome signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Small Business Tax Credit.

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Maine California business tax Tax 91

IgniteSpot

OCTOBER 21, 2021

Source: Twitter Like in the Tweet above, the word good often precedes the word accountant. That’s because many business owners find out the hard way how good accounting help can make or break a company. We caught up with seven real-life small business owners who hired the cheapest accountant available to them. Join us to hear how each story turns out.

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online accounting accountant Account accounted 85

Patriot Software

OCTOBER 18, 2021

As a business owner and employer, there may be times when your employees receive tips. But, does receiving a tip from a customer automatically make an employee a tipped employee? And if so, what are the laws, regulations, and requirements for tipped employees and their wages? Keep reading to learn more about how to handle […] READ MORE.

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payroll 83

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.

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AccountingDepartment

OCTOBER 17, 2021

When starting or growing a business, a long list of tasks awaits you every day. Some of those tasks may be within your realm of expertise whereas others are complete unknowns. That means your schedule is a balancing act as you handle familiar work along with learning what you don't know, and if your budget doesn't allow you to hire full- or part-time help, you might be doing everything yourself.

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bookkeeping bookkeeping services 71

GrowthForceBlog

OCTOBER 20, 2021

5 min read. As a nonprofit leader, it's natural to want to focus 100% of your attention on your nonprofit's mission.

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accountant accounted Account 83

FraudFiles

OCTOBER 22, 2021

It might be hard to believe, but each and every day companies are losing money because they not only give employees opportunities to steal, they encourage it. How? By not providing adequate oversight. A clerk, for example, sees that an error in an account wasn’t caught by anyone. A purchasing manager notices that no one is watching over his vendor relationships, and won’t know it if he establishes a fake account.

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audit Hospitality financial statements Start-ups 52

Patriot Software

OCTOBER 21, 2021

States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. Along with a number of states, Washington D.C. also started a PFL program in 2019. Read on to learn all there is to know about the Washington D.C. paid family leave […] READ MORE.

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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.

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AccountingDepartment

OCTOBER 21, 2021

In many companies, accounting comes as an afterthought. The main goal initially is to turn an idea into a profitable product. After a while, the business may add things like bookkeeping, collections, and financial statements out of necessity. Outsourced accounting services turn the piecemeal solutions that businesses may have added over time into a more efficient system that adds value by helping the business plan its growth.

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accountant Account accounted bookkeeping 69

CapataCPA

OCTOBER 21, 2021

Early Retirement? 10 Steps to Get You There!When it comes to retirement, there is always a thought in the back of your mind saying, “how can I get there earlier?” Though some plan for traditional retirement, there is a vast majority that would love nothing more than to retire early to fully enjoy their golden. The post Early Retirement appeared first on CPA firm in Orange County, CA | CAPATA.

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cpa firm CPA Tax 52

ThomsonReuters

OCTOBER 21, 2021

Proposed Rule: Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, 29 CFR Part 2550, 86 Fed. Reg. 57272 (Oct. 14, 2021); Fact Sheet: Notice of Proposed Rulemaking on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (Oct. 13, 2021). Proposed Rule. Fact Sheet. The DOL has proposed amendments to its ERISA investment duties regulation to address concerns that the current regulation inappropriately discourages plan fiduciaries from

Government 52

Government Tax accountant Account 52

Patriot Software

OCTOBER 20, 2021

Regular wages aren’t the only compensation you could provide to employees. You might also offer supplemental wages. Not sure what those are? Read on to learn what supplemental pay is and how it is taxed. What are supplemental wages? Supplemental pay is money that employees receive in addition to their regular wages. Supplemental wages include: […] READ MORE.

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Tax payroll 74

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

AccountingDepartment

OCTOBER 19, 2021

To round off this past week, AccountingDepartment.com Business Development Representative, Luke Backus attended the Entrepreneurs' Organization (EO) Alchemy event in Reno, NV.

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SkagitCountyTaxServices

OCTOBER 20, 2021

Are you watching your COGS these days? (I, ahem, hope you know what those letters stand for, because if not … well, then we should DEFINITELY talk. 360-424-1040 ). Has it gone up? You’re probably not alone given what kind of signals the economy is sending these days. In which case (and you’ve probably already thought about this), figuring out how to raise prices without losing customers is especially important.

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CPA Start-ups B2B Gaming 52

ThomsonReuters

OCTOBER 21, 2021

What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws (updated 10/13/21). Available at [link]. The EEOC has updated its previously issued guidance on COVID-19-related compliance issues under the Americans with Disabilities Act (ADA), the Genetic Information Nondiscrimination Act (GINA), and other federal employment nondiscrimination laws (see our Checkpoint article ).

Tax 52

Tax accountant Account accounted 52

CalCPA

OCTOBER 19, 2021

This month, California representatives on AICPA Council join CPAs from across the country in virtual meetings with members of Congress. The meetings are. The post CalCPA BUZZ: Advocating for the Profession on National Scene appeared first on Hot Topics.

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cpas California 52

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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.

KROST

OCTOBER 19, 2021

This is one of the articles in the KROST Quarterly Technology Issue, titled “5 Powerful and Innovative Software Tools for Your Team.” Today, more than ever, companies are looking for powerful tools to make decisions and drive innovation during these uncertain times. In some instances, innovation is needed to keep track of sales or tasks while working from home.

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Technology accounting and finance Sales Finance 52

FraudFiles

OCTOBER 19, 2021

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets. I typically recommend reviewing three to five years of tax returns, but the further you can go back, the better the picture you will get of the personal or business finances.

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tax return business tax Tax income tax 52

ThomsonReuters

OCTOBER 21, 2021

Kindred Hosps. East, L.L.C. v. Local 464A United Food and Commercial Workers Union Welfare Serv. Benefit Fund, 2021 WL 4452495 (D. N.J. 2021). Available at [link]. A long-term acute care facility sued a welfare benefits fund after the fund denied coverage for a participant’s care and treatment at the facility because it was “non-covered.” Among other things, the facility requested a judicial declaration that the fund had to comply with the Affordable Care Act (ACA) essential health benefits req

Hospitality 52

Hospitality Tax accountant Account 52

xendoo

OCTOBER 18, 2021

Running an eCommerce business can sometimes feel like a juggling routine. You’ll have to stay on top of your transactions, inventory, administrative fees, and more. Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. Managing your own books may seem like a cost-saving strategy, but many online merchants lack the time or expertise to stay up-to-date and in compliance.

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accountant Account accounted bookkeeping 52

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.

Withum

OCTOBER 19, 2021

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RitaKeller

OCTOBER 21, 2021

“When I go to a party, nobody says hello. But when I leave, everybody says goodbye.” – George Gobel. In working with CPA firms, I have observed that so many CPAs like to cling to work. You can’t keep growing and expanding your skillset if you keep doing the same things while still doing the familiar things. When you become a Senior, you have to leave much of your staff work behind.

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cpas cpa firm CPA 45

ThomsonReuters

OCTOBER 18, 2021

How do you attract top accounting talent? How do you find the candidates that will thrive in your firm and help your firm thrive? Start implementing these 4 tips into your hiring process and you will be able to attract the talent you’ve been looking for. . 1. Articulate Values . Candidates want to know your firm. What do you stand for? What do you value?

Education 52

Education Tax accountant Account 52

Withum

OCTOBER 21, 2021

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Healthcare 105

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.