BurklandAssociates
NOVEMBER 9, 2021
I’ve spoken with hundreds of founders at Consumer startups over the years, and from a Finance and Accounting perspective, the same four pain points come up over and over again. Read More. The post The Top Four Finance Pain Points for Consumer Startups appeared first on Burkland.
TaxConnex
NOVEMBER 9, 2021
You might think that collecting the tax and filing a tax form is all you need to be sales tax compliant. You wouldn’t be completely wrong – filling out the form is a huge start – but other steps are needed to fully manage your compliance. 1. Knowing When and How to Remit Payments. Ideally, all your sales tax calculations are managed in one system to produce a single report each month with details of all your sales and use tax liabilities.
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RogerRossmeisl
NOVEMBER 12, 2021
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. And under current law, the potential benefits of a cost segregation study are now even greater than they were a few years ago due to enhancements to certain depreciation-related tax breaks.
MazumaBusinessAccounting
NOVEMBER 12, 2021
On October 16, 2021, Valentino Luna launched Corporate Diagnostic Center and D.K. International Corporation. That day also marked a meaningful anniversary for Valentino. It was 25 years to the day since Valentino ran away from home, opting to live on the streets and scrounge food from garbage cans rather than stay in an abusive environment. “I did my grand opening on that day because I want to remember always that as long as I make the right decision and I keep going and I believe in mysel
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.
ThomsonReuters
NOVEMBER 11, 2021
Rev. Proc. 2021-45 (Nov. 10, 2021); IRS News Release IR-2021-219 (Nov. 10, 2021). Rev. Proc. 2021-45. News Release. The IRS has released the 2022 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to health FSAs, qualified transportation fringe benefits, qualified small employer health reimbursement arrangements (QSEHRAs), adoption assistance, DCAPs, the small business health care tax credit, the premium tax credit, and Archer MSAs.
xendoo
NOVEMBER 9, 2021
With the year coming to an end, tax return season is just right around the corner. For small businesses, that means being prepared to find all of the small business tax deductions you can to minimize your payout to the IRS. . Get prepared for tax season with these small business tax deductions that may apply to your business. . Tax Dates. When filing taxes, knowing the deadlines is an essential part of being organized and prepared.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
GrowthForceBlog
NOVEMBER 10, 2021
7 min read. To achieve long-term success as a venture capitalist, you have to know business – and not just a few aspects of business management – but the ins and outs of startup strategy and operations, people, and relationships.
ThomsonReuters
NOVEMBER 11, 2021
QUESTION: Each year, when our 401(k) plan makes required minimum distributions, we discover that the addresses on file for some distributees are no longer valid. We sometimes have similar problems locating beneficiaries when a participant dies. What procedures should we follow when our plan must make distributions to individuals we cannot locate? And what can we do to minimize this problem?
AccountingDepartment
NOVEMBER 11, 2021
Key Performance Indicators (KPIs) are a pertinent part of measuring the successes and failures of a business. Measuring, tracking, and benchmarking KPIs allow business owners and leaders to keep a finger on the pulse of how their business – or individual departments – is performing at any given time.
FraudFiles
NOVEMBER 12, 2021
Financial statement fraud impacts any person or organization that has a financial interest in the success or failure of a company. A manipulation of the company’s reported earnings or assets can affect a bank that extends credit to the company, a shareholder who invests money in the company, and those organizations that enter into contracts or agreements with the company.
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.
LSLCPAs
NOVEMBER 11, 2021
So much has happened in the past twenty months that some business owners wonder if they should stay in their businesses or sell that arguably largest asset. We asked LSL long-time friend Dora Lanza, a veteran mergers and acquisitions expert, for her thoughts. She is the co-founder and COO at 22-year-old Plethora Businesses. Here’s what. The post 10 Things to Consider When Selling Your Business appeared first on LSL CPAs.
ThomsonReuters
NOVEMBER 12, 2021
Corporate international tax planning is a major challenge for companies that do business in multiple countries. To be aware of pitfalls such as international double taxation — being taxed for the same income in two different countries — they must plan strategically. Such planning is also crucial for staying compliant with tax laws in each country in which they operate, laws and regulations that are complex, vary widely among each country’s jurisdiction, and are often changing.
AccountingDepartment
NOVEMBER 9, 2021
With 2021 soon coming to a close, confidence among CEOs of small to medium-sized businesses remains strong and Vistage outlined some of the things to expect from companies going into 2022.
SkagitCountyTaxServices
NOVEMBER 10, 2021
The shape of your business affects your future and when I’m talking about the “shape,” I of course am referring to your Skagit County business entity type. Did you know that you CAN change that after the fact? Depending on which entity you are switching to, the process can be painful … but you are NOT “locked-in” to a particular entity for the entire life of your business.
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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.
Steve Feinberg
NOVEMBER 9, 2021
If you’ve been thinking about turning your hobby into a full-time job, or you have an idea for a product that people can’t live without, then New Hampshire is a business-friendly state in which to incorporate your new venture. New Hampshire’s tax burden is low for business owners, and there is no general sales or personal income tax either, making it an attractive prospect for potential employees.
ThomsonReuters
NOVEMBER 11, 2021
IRS Notice 2021-61 (Nov. 4, 2021); IRS News Release IR-2021-216 (Nov. 4, 2021). IRS Notice. IRS News Release. The IRS has announced the 2022 dollar limits and thresholds for retirement plans, which reflect the latest cost-of-living adjustments. (Dollar limits and thresholds primarily affecting health and welfare plans were announced in separate guidance; see our Checkpoint article.
KROST
NOVEMBER 9, 2021
Do you have a plan prepared for your family and beneficiaries? Does your chosen successor trustee, executor, or beneficiary(ies) know how to access all of your financial, medical, insurance, and social media information when the time comes? Even with a comprehensive will and trust, you’d be surprised how complicated it can be to manage. To mitigate emotional, tax, and administrative burdens, we’ve created a Will & Trust Asset Legacy Planner.
FraudFiles
NOVEMBER 9, 2021
One of the chief concerns in a divorce or child custody case is identifying the true income of one or both of the parties. It is not unusual for such a case to include allegations of hidden income or assets. It is common for a closely held business to suspiciously encounter declining sales and profits following the filing of a family law case. In each of these instances, properly determining the income of the party is critical to getting a fair and equitable settlement, maintenance award, or chi
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
ThomsonReuters
NOVEMBER 11, 2021
Marietta Memorial Hosp. v. DaVita, Inc., cert. granted, No. 20-1641 (U.S. Nov. 5, 2021). Available at [link]. The U.S. Supreme Court has agreed to settle a dispute between two appellate courts regarding the Medicare Secondary Payer (MSP) rules and health plan coverage of dialysis. In the underlying case, a large dialysis provider sued an employer/plan administrator and its TPA, challenging the plan’s classification of all dialysis providers as “out-of-network,” resulting in a lower reimbursemen
RitaKeller
NOVEMBER 12, 2021
“I’m not comfortable unless I’m uncomfortable.”—Jay Chiat. This week I am featuring a blog post from way back in 2015. The title is, “Monday Morning Thoughts Worth Sharing” but they certainly apply to a Friday. In 2015 I said, “The business world is fast-moving, demanding, and constantly changing.” It certainly still applies today, probably more so.
Accounting for Good
NOVEMBER 10, 2021
The post Accounting For Good farewells Castlereagh Street first appeared on ACCOUNTING FOR GOOD.
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Baruch Lev
NOVEMBER 11, 2021
Click or tap here to listen to the show! Ron and Ed welcome back Professor Baruch Lev from NYU Stern Business School. He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. We talk more about that book and his more recent article in Accounting Today, The sad state of accounting standards.
GBQ
NOVEMBER 10, 2021
As a U.S. Army veteran, selfless service in the pursuit of the greater good is A-Jay Orr’s binary code. And it’s the values he learned at age 17 that prompted this entrepreneur and author to future-proof businesses through innovative cybersecurity solutions. This is reflected in his creation of Simple Plan IT , whose mission is to take the confusion out of IT and prove to business leaders that investing in new technology can be practical, effective, and stress-free.
RitaKeller
NOVEMBER 11, 2021
“Beware the barrenness of a busy life.” – Socrates. I have covered the topic of being too busy many times over the years in writing this blog. Why? Because it is the term I continue to hear over and over again from partners, firm administrators, and others working inside a growing CPA firm. It seems you are always too busy to actually think, plan, reflect and even enjoy a beautiful Fall day.
KROST
NOVEMBER 9, 2021
Pasadena, CA. – KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI), offering dynamic insights into realization, staff utilization, project turnaround, and more. The cloud-based tool provides a visualization dashboard that connects data from various software platforms into one location.
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.
CTP
NOVEMBER 9, 2021
As a tax advisor, you will need to employ different strategies when you are representing a buyer vs. seller in the sale of a company. Buyers and sellers tend to have diametrically opposed preferences, since what is advantageous for one is often disadvantageous for the other from a tax perspective. In this article, we’ll zero […]. The post Tax Planning for Business Deals: What to Consider When Representing the Buyer appeared first on certifiedtaxcoach.
TaxConnex
NOVEMBER 11, 2021
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. ‘Tis the season: Even as critics claim that Amazon’s recent earnings slump might signal the beginning of the end of the e-commerce boom, holiday e-commerce sales are expected to hit a record $207 billion in the U.S. in November and December, a 10% jump over last year.
RitaKeller
NOVEMBER 10, 2021
“If you can’t explain it simply, you don’t understand it well enough.” ~Albert Einstein. If you have been working in public accounting for even a short time I bet you are using accounting jargon. We all know what, “Are we doing their 1120-S?” means. Cash or accrual are common terms. Actually, many phrases we use can be considered accounting jargon.
RogerRossmeisl
NOVEMBER 12, 2021
Corporate espionage has long been a threat for U.S. companies. Recently, intellectual property theft by foreign governments and organized crime gangs has grabbed headlines — for good reason. According to the U.S. Justice Department, 80% of its economic espionage prosecutions target schemes that would benefit China. Yet for most businesses, the threat comes from employees and former employees who take advantage of lax environments with few internal controls.
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