TaxConnex
NOVEMBER 30, 2021
When you look at the details involved in your sales tax compliance process – preparing and filing returns, updating the filing calendar, managing notices, monitoring nexus thresholds and on and on – it’s easy to see why you need to simplify the process wherever possible. One important factor is consistent, properly formatted data with the necessary data fields.
RogerRossmeisl
NOVEMBER 29, 2021
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of 2021 nears, there are some rules and reminders to keep in mind. An account for health expenses A pre-tax contribution of $2,750 to a health FSA is permitted in 2021. This amount is increasing to $2,850 for 2022.
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BurklandAssociates
NOVEMBER 30, 2021
As concern over global warming grows around the world, VC investment continues to accelerate in Foodtech. The sector positions itself as a sustainable alternative to the existing food ecosystem and Read More. The post Foodtech Investment is Accelerating, Especially in BioEngineered Foods 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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
DECEMBER 2, 2021
Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. However, there are numerous pitfalls to be aware of. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor. And the terms wholesaler and distributor are often used interchangeably.
RogerRossmeisl
NOVEMBER 29, 2021
For years, banks, financial service and investment companies, and exporters have been required to follow know-your-customer (KYC) processes to thwart criminal activity. Developed to help certain businesses comply with anti-money laundering and anti-terrorism regulations, these programs aren’t mandated for most nonfinancial businesses. But you might want to consider adopting some KYC principles anyway.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
xendoo
DECEMBER 3, 2021
The end of the year is a hectic time for small business owners. Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Xendoo is here to help you avoid the year-end scramble. Check out our checklist to organize your finances and successfully wrap up the year!
RogerRossmeisl
NOVEMBER 28, 2021
As posted to the Now You Know YouTube Channel on 11/5/2021 (Run Time 29 min, 54 sec, when starting at time code 3:22) Now You Know sits down with legendary automotive engineer Sandy Munro in November 2021 to compare and contrast today’s unfolding Chinese EV rollout with the Japanese vehicle invasion of the 1970s and 1980s. On the Chinese EV business model, Sandy comments, “We’re playing checkers. one move at a time.
MazumaBusinessAccounting
NOVEMBER 29, 2021
If God told you to open a flower shop, even if you knew nothing about flowers, would you have the courage to follow through? That is what happened to Brandon Lunsford, who completely changed his family’s life by opening Garden Of Eden Floral and Tea Room in La Porte, Texas. Back in 2012, Brandon helped his parents run a trucking brokerage company, but the industry was struggling, and large companies that owed his family money were not paying their bills, effectively shutting down the famil
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
Withum
NOVEMBER 30, 2021
GE , Johnson & Johnson and Toshiba just announced planned spinoffs and IBM just completed one. These are big and well-known companies so there must be something to this, and perhaps the beginning of a trend. Question: What does this mean to stockholders?
xendoo
NOVEMBER 29, 2021
You’ve been in business for a while, and your next steps require you to obtain a small business loan. Your lender responds to your request favorably but asks to see your company’s recent balance sheet. . With little experience in reading financial statements, this request makes you freeze in your tracks, uncertain of how to express the success of your growing business.
RogerRossmeisl
NOVEMBER 28, 2021
Recent pass-through entity (PTE) tax (AB-150) clarifications from the Franchise Tax Board (FTB) underscore that detailed planning is critical when considering this credit. For an overview of AB-150, also see our initial 8/15/21 post on this subject: “California AB-150 Provides SALT Cap Workaround“ PTE Election The election to pay the tax is: made annually, is irrevocable, and can only be made on an original, timely filed return, including extensions PTE Tax Due Date (2021 Tax Year) F
ThomsonReuters
DECEMBER 2, 2021
QUESTION: Our company has a calendar-year cafeteria plan with a premium payment feature, a health FSA, and a DCAP. Shortly after our open enrollment period closed for the 2022 plan year, several employees asked if they could change their 2022 elections. How should we handle election change requests made after open enrollment has ended but before the new plan year has begun?
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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.
AccountingDepartment
DECEMBER 1, 2021
Business owners and CEOs approach us daily regarding their outsourced accounting and bookkeeping because that's our job after all. And while AccountingDepartment.com is not the only outsourced accounting and bookkeeping firm out there , we always encourage inquiring parties to conduct their own research and prepare themselves as best they can for making the shift.
RogerRossmeisl
NOVEMBER 29, 2021
(This is Blog Post #1132). The post What’s Your Education ROI? appeared first on Roger Rossmeisl, CPA.
ThomsonReuters
DECEMBER 2, 2021
IRS Notice 2021-64 (Nov. 30, 2021). Available at [link]. The IRS has issued its 2021 Required Amendments List (RA List) for individually designed qualified retirement plans (including 401(k) plans) and 403(b) plans. This year’s list does not identify any qualification changes that require 401(k) plans to be amended. In fact, it identifies only one change, which only affects financially troubled multiemployer defined benefit plans that received special financial assistance under the American Res
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?
GrowthForceBlog
DECEMBER 2, 2021
6 min read. Well, first, there’s no need to get nervous. Watchdogs are actually a good thing. Here’s why.
DMCL
DECEMBER 3, 2021
Congratulations to our newest class of (soon to be accredited) Chartered Professional Accountants: Daryl Eisner. Rita Jia. William Leung. Serena Liang. Devienne Mok. Rhea Morales. Arshdeep Rai. Livani Selvananthan. Felix Tan. Denny Tran. Yvetta Wang. We’re proud of your hard work, grit and determination. Cheers to your success and the next stage of your careers.
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!
Ronika Khanna CPA,CA
DECEMBER 3, 2021
Most of us know at least one small business owner or entrepreneur who maintains an unconventional work schedule, is physically attached to their laptop, sees every get together as a networking opportunity and/or enjoys passionate discussions about spreadsheets. For many business owner, gifts that make their working lives easier and workspaces more efficient (and cozier) are often greatly appreciated since so much of their time is often spent immersed in their businesses.
ThomsonReuters
DECEMBER 3, 2021
With global supply chain challenges spurring dire headlines of precariousness, more than 3,000 transportation, logistics, fulfillment, and warehouse professionals from around the world gathered in October for the Reuters virtual Supply Chain Execution 2022 event. During one panel discussion, titled “Driving Towards a Singular Innovation Goal,” four industry experts discussed how corporate supply chain leaders can foster an innovative culture to master change management when change is incessant.
Pooley Accounting Services
DECEMBER 2, 2021
It’s been a long day. You were up at 6:00 and at the construction site by 7:00. It’s 10:00 pm, and you’re trying to pull together a proposal for a huge construction project that is due tomorrow. Somehow, the numbers aren’t coming together, plus you aren’t sure what is the best revenue recognition approach to use. Maybe, it’s time to think about accounting professionals or a firm with construction experience to help.
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.
5 Minute Bookkeeping
DECEMBER 2, 2021
Is not knowing how to charge for bookkeeping services holding you back? I know that for many virtual bookkeepers, the problem isn’t the technical know-how, the problem is being able to confidently price their services. In this blog post, I’ll share the knowledge I’ve gathered over the years on how to charge for bookkeeping services. By far, the most frequently asked question in my Facebook community is how much should I charge for bookkeeping services?
ThomsonReuters
DECEMBER 3, 2021
With global supply chain challenges spurring dire headlines of precariousness, more than 3,000 transportation, logistics, fulfillment, and warehouse professionals from around the world gathered in October for the Reuters virtual Supply Chain Execution 2022 event. During one panel discussion, titled “Driving Towards a Singular Innovation Goal,” four industry experts discussed how corporate supply chain leaders can foster an innovative culture to master change management when change is incessant.
FraudFiles
DECEMBER 1, 2021
It is not uncommon for one spouse to hide assets during a divorce. Everyone is in love until they’re not, and then they may not feel much like splitting everything with a soon-to-be e-spouse. If hidden assets and streams of income remain hidden, it may be impossible to get a fair divorce settlement. Women are very often in the lesser position when it comes to the finances of the family.
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