Sat.Oct 16, 2021 - Fri.Oct 22, 2021

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Understanding Your Sales Tax Obligations As an E-Commerce Business – a Checklist

TaxConnex

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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Strategic HR for Startups: Wins to Focus on Right Now

BurklandAssociates

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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Matching Bank Feeds in QuickBooks

SMBAccountant

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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Withum Expands Advisory Practice with ESG Consulting Services

Withum

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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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How to Respond to Sales Tax Notices

TaxConnex

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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IRS Federal Tax Credits – Different Types of Tax Credits

MyIRSRelief

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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Avoiding Cyber Attacks for your Healthcare Organization

Withum

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Keep Going: Tyson’s Story

MazumaBusinessAccounting

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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California Main Street Small Business Tax Credit II

KROST

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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5 Steps to Help Nonprofits Run Better, Grow Stronger, and Raise More Money

GrowthForceBlog

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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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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What is Tulipomania?

Withum

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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How to Handle a Tipped Employee and Their Pay

Patriot Software

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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Cheap Online Accountants & Financial Nightmares

IgniteSpot

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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Why A Company Should Outsource Its Bookkeeping From the Start

AccountingDepartment

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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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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Bill Hagaman Named NJ Chamber of Commerce Business Advocate of the Year

Withum

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What You Need to Know About the Washington D.C. Paid Family Leave Program

Patriot Software

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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Strategies to Reduce Employee Theft

FraudFiles

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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Why Should a Company Make the Jump to Outsourced Accounting?

AccountingDepartment

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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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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MM&Co. Joins Its Practice with Withum

Withum

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What You Need to Know About Supplemental Wages

Patriot Software

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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Early Retirement

CapataCPA

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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AccountingDepartment.com Attends EO Alchemy 2021

AccountingDepartment

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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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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Proposed Changes to Form 5500 Announced by the DOL, IRS, and PBGC

Withum

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DOL Proposes Amending Investment Duties Regulation to Counter Perception That ESG Considerations and Exercises of Shareholder Rights Are Disfavored

ThomsonReuters

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

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How Skagit County Businesses Can Raise Prices Without Losing Customers

SkagitCountyTaxServices

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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CalCPA BUZZ: Advocating for the Profession on National Scene

CalCPA

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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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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$1 Billion and American Rescue Plan Funding the Federally Qualified Health Centers

Withum

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EEOC Updates Guidance on Employer Vaccine Incentives

ThomsonReuters

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 ).

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5 Powerful and Innovative Software Tools for Your Team

KROST

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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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

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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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.