TaxConnex
JULY 8, 2021
Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year. Online purchases usually receive the same tax treatment during these holidays as in-person purchases; remote sellers aren’t permitted to charge tax on qualifying goods during sales tax holidays, but how do you know where this is happening and when or when not to charge sales tax?
PANALITIX
JULY 7, 2021
RESOURCES / ARTICLES. Delighting Clients. through Better Processes. Does your entire team care deeply about the wellbeing of all your clients, all the time? Are they always curious about clients, proactively looking for ways to help? If you can confidently answer ‘yes’ to these questions, you are in very fortunate (and rare) position. You probably have very high levels of client satisfaction, retention, up-selling and referrals.
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BurklandAssociates
JULY 6, 2021
Story name: Cities where small businesses have been impacted most by COVID-19 Story link: [link] Written by: Ellen Wulfhorst Ylenia Cancelli // Shutterstock Cities where small businesses have been impacted Read More. The post Cities Where Small Businesses Have Been Impacted Most by COVID-19 appeared first on Burkland.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
TaxConnex
JULY 6, 2021
Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?.
AccountingDepartment
JULY 9, 2021
Company culture is something that is claimed by many, but at the end of the day, how many companies actually have a solid and healthy company culture? The culture of a company is what separates a good and great company. Truly happy employees are what keep a company going and it certainly shows in some situations.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
MazumaBusinessAccounting
JULY 7, 2021
Financial planning is essential for anyone who wants to achieve financial independence. The goal of financial planning is to help you reach your financial goals, whether that be retiring by a certain age or having the money to open a new business. For small business owners, financial planning is especially important because you need to ensure you’re planning for your business as well as yourself.
AccountingDepartment
JULY 6, 2021
Working from home is one of the best things that can happen to some until they get to experience some of the more difficult aspects of the work-from-home lifestyle. Over the last year and a half, more people than ever are working from home and companies have had to make this adjustment, whether they wanted to or not. Nowadays, many companies made the switch to staying remote and employees are having to adjust on their own to this new style of work.
ThomsonReuters
JULY 8, 2021
Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Today, finance is the corporate function most commonly managed this way — but longstanding obstacles have prevented the model from being extended to statutory reporting and tax compliance.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
CTP
JULY 6, 2021
Taxpayers who have children in their care should be aware that the Child Tax Credit has been changed for one year, effective for 2021. Here’s a review of the changes to the previous Child Tax Credit laws: Prior to 2021 In 2021 Children under age 17 at the end of the tax year are eligible […]. The post Understanding the 2021 Changes to the Child Tax Credit appeared first on certifiedtaxcoach.
GrowthForceBlog
JULY 8, 2021
5 min read. Do You Have ‘Staff’ or a ‘Team’?
ThomsonReuters
JULY 8, 2021
Interim Final Rule With Comment Period: Requirements Related to Surprise Billing; Part I, 5 CFR Part 890, 26 CFR Part 54, 29 CFR Part 2590, 45 CFR Parts 144, 147, 149, and 156, 86 Fed Reg __ (July 13, 2021); DOL Model Notice: Your Rights and Protections Against Surprise Billing; CMS Fact Sheet: Requirements Related to Surprise Billing: Part I Interim Final Rule With Comment Period (July 1, 2021).
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Withum
JULY 6, 2021
July 1st was the 33rd anniversary of my partnership with Peter Weitsen. We became partners in MendlowitzWeitsen, LLP on July 1, 1988 and merged into Withum on January 1, 2005. We were partners 16 ½ years before Withum and then 16 ½ years at Withum. A 33 year partnership and still counting. It has been a joy.
RitaKeller
JULY 7, 2021
“You give loyalty, you’ll get it back. You give love, you’ll get it back.” – Tommy Lasorda. Now, more than ever, it is so important to engage your team members. As you all know, finding, hiring, and retaining people has become even more of a concern for public accounting firms. Some firms are holding their partners accountable for engaging and retaining valued team members.
GrowthForceBlog
JULY 9, 2021
6 min read. If you‘re getting accurate and reliable financial reports , you’re off to a great start! The question is, do you know what to do with the information?
ThomsonReuters
JULY 7, 2021
Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. However, it was the 16 th Amendment to the U.S. Constitution in 1913 that permanently legalized a federal income tax. Then, in 1935, the Social Security Act was signed into law, which resulted in a tax on both the employer and employee (6.2% each).
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
RitaKeller
JULY 4, 2021
“You have to love a nation that celebrates its independence every July 4, not with a parade of guns, tanks, and soldiers who file by the White House in a show of strength and muscle, but with family picnics where kids throw Frisbees, the potato salad gets iffy, and the flies die from happiness. You may think you have overeaten, but it is patriotism.” – Erma Bombeck.
inDinero Accounting
JULY 8, 2021
It’s time to grow, hire employees, rent a larger space, or purchase a company car. You may have started your business with friends and family funds, but now, it’s time to take out a loan with good terms. Any business loan or line of credit from a bank—brick-and-mortar or online—will carry more favorable terms if you have a decent business credit scor e.
Ronika Khanna CPA,CA
JULY 9, 2021
The past few years, and especially the last year has changed the way many business owners and employees work. There has been a mass adoption of virtual workspaces where people are no longer tethered to their offices. Instead the technology to make working from anywhere has increased and improved significantly and is accessible by anyone who has a working internet connection.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
LyfeAccounting
JULY 9, 2021
Foreign earned income exclusions, so it’s time that we write a post talking specifically to the people who are U.S. citizens but have decided to take a job in a foreign country. Because let’s face it, when you decide to take a job opportunity in another country, that job usually pays you a lot of money to do it. And of course, the more money you make, the more you are usually taxed, right?
SkagitCountyTaxServices
JULY 8, 2021
With our nation celebrating its 245th birthday on Sunday, and all of this talk about “independence” flying around, I have a question for you — one that I think you should think hard about: Are you achieving the independence you wanted in your business? As you know, it’s hard — and it’s LONELY — to be a Skagit County business owner in this environment.
ThomsonReuters
JULY 8, 2021
Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . Is your tax and accounting firm keeping up with the rapid pace of change or falling behind? . 90% of accountants now feel there is a cultural shift in accountancy leaning toward technological adoption. .
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
LyfeAccounting
JULY 8, 2021
How to start a business without money? Let us start out by being completely real with you. Building a new business is hard and building a business without money is even harder. But it’s definitely possible. In fact, when we started our first business, the only money one of our founders had was a $250 deposit into a business checking account. And to be honest, he said he never even planned to use that money.
Generate Accounting
JULY 6, 2021
When you purchase a business, thought needs to be given to how you will value assets like stock, property and financial arrangements. Inland Revenue has brought in Purchase Price Allocation Rules to standardise the process. The rules apply from 1 July 2021 and will ensure that both the purchaser and the vendor account for valuations on the same basis.
ThomsonReuters
JULY 8, 2021
Although your firm’s tax compliance practice is healthy and well-established, you may have a desire to grow into a new, larger role for your clients. Taking on the role of trusted advisor to your clients and offering advisory services is the way of the future. . This is not some underwear gnome’s profit plan – this is based on facts. Industry experts predict that 78% of finance processes can be automated, leading to reduced revenue.
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