RogerRossmeisl
SEPTEMBER 1, 2021
Although COVID-19 remains a concern, many people have started traveling again — both for business and pleasure. Unfortunately, as travel demand has increased, so has travel-related fraud. For example, some fraud perpetrators posing as airline employees call would-be victims to try to elicit credit card numbers. Other scam artists send phishing emails that appear to offer cheap seats or rooms.
SMBAccountant
AUGUST 30, 2021
When applying for government contracts, it’s important to understand the types of contract options that are available to you. Each type of contract carries its own risks and opportunities and can help you make decisions when compiling your proposal. Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable.
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MazumaBusinessAccounting
SEPTEMBER 2, 2021
Furnishing an office is a necessary but expensive endeavor. The Internal Revenue Service (IRS) understands that office furniture is a vital aspect of running a business, so they allow business owners to deduct those expenses from their taxable income. Office Furniture. There are rules when it comes to deducting office furniture. First, the IRS only allows you to deduct $5,000 worth of furniture if you are just starting your business.
TaxConnex
AUGUST 31, 2021
A Voluntary Disclosure Agreement (VDA) can be a great tool to address past sales tax obligations, but it’s important to consider all the plusses and minuses and ensure you make the right decision for your business when it comes to mitigation efforts. When companies determine on their own (not from a tax authority or audit) that they have historical risk concerning sales tax obligations and exposure, one of the primary options for mitigation is a VDA.
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.
RogerRossmeisl
SEPTEMBER 1, 2021
There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. Who is eligible?
BurklandAssociates
AUGUST 31, 2021
To truly understand your SaaS company’s performance, you need to go beyond standard financial metrics, such as revenue and operating income, and dive into SaaS metrics. Debbie Rosler, Fractional CFO Read More. The post SaaS Metrics Simplified, Part One: Launch Metrics appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
SEPTEMBER 2, 2021
Managing a sales and use tax audit can be challenging. And many businesses mishandle the process, making it all that much more difficult on themselves. First, you should always anticipate an audit – even if you’ve never been audited before. While they are definitely becoming more frequent as states try to crack down on economic nexus laws, rarely are you given advanced notice as to when an audit will occur.
ThomsonReuters
SEPTEMBER 2, 2021
QUESTION: Our company sponsors an ERISA health plan and has received a request from the DOL for plan-related documents. Is this an audit, and what should we expect if it is? ANSWER: The request for documents probably does signal the beginning of a DOL civil investigation (often referred to as an “audit”). You should address this inquiry without delay, as a prompt and cordial response can establish a positive rapport with the investigator.
xendoo
SEPTEMBER 1, 2021
Bookkeeping is Holding You Back. Business owners know their companies like the back of their hands. They are the head of every department, and perform the work of multiple people. Of all the roles they play, our customers express that the bookkeeper role is their least favorite. . DIY bookkeeping holds business owners back from fully focusing on their business, which is why they decide to outsource it.
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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.
AccountingDepartment
SEPTEMBER 1, 2021
Having access to data is one of the most important factors that come into play when running a business. Technology has made it easier over the years when it comes to collecting and presenting data, but having the most current and advanced technology will keep a company's reporting on top.
ThomsonReuters
AUGUST 31, 2021
Dear friends, We are saddened and concerned as we watch Hurricane Ida batter areas of the southern U.S. with damaging winds and significant rainfall. Please know that your friends at Thomson Reuters have all who are in the path of the storm in our thoughts and prayers. While the full impact is still uncertain, we hope that you remain safe and can quickly recover from the effects of these disasters.
xendoo
AUGUST 30, 2021
Bookkeeping is critical to the financial health of every business, but business owners rarely have the time (or desire) to manage it themselves. To take their time back, many business owners choose to outsource their bookkeeping and accounting. There are many options available, from traditional CPAs to tech-savvy online companies. So, how do you choose the right financial partner for your business?
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.
GrowthForceBlog
SEPTEMBER 3, 2021
5 min read. Meetings are arguably one of the most expensive overhead costs in any organization, and unproductive meetings have an alarming effect on the bottom line.
RitaKeller
SEPTEMBER 1, 2021
“Doubt is a killer. You just have to know who you are and what you stand for.” -Jennifer Lopez. As baby boomers retire and many of them have already, the firm is usually faced with a shortage of rainmakers. Of course, their knowledge and experience with technical work are also missed. Firms have spent many years and a lot of money developing technical experts.
SkagitCountyTaxServices
SEPTEMBER 1, 2021
In the olden days, Skagit County business owners kept track of their records by hand in the old reliable notebook or ledger. So what an innovation it must have seemed to move business information to a floppy disk that could plug into a computer. The disks got smaller (and a lot less floppy – thankfully), but the idea fundamentally remained that be it floppy, hard drive, thumb drive, or even your own server, your customer and other business data were where you could locate it, most likely r
Withum
SEPTEMBER 1, 2021
I make it a point to never provide free advice, i.e., advice to someone that isn’t a paying client. The reason for this is that it is usually out of context, the facts could be misrepresented, essential information could be omitted or the person talking is saying something different than what they mean.
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.
KROST
SEPTEMBER 3, 2021
Congratulations to Amber Tabata on being selected as one of the ten winners of The George Willie Ethnically Diverse Student Scholarship & Internship Program. KROST will sponsor Amber Tabata’s internship in 2022 during busy season and AICPA will award her up to $10,000 in scholarship funds. This scholarship and internship program benefits ethnically diverse students pursuing an accounting degree.
RitaKeller
AUGUST 31, 2021
“We wanted to create a platform where freelancers could connect with the right client.” – Chad Taylor, Paro. The question in the title is really a stupid question. Every firm I talk to is looking for qualified people to help the firm provide exceptional client service. Some firms are so desperate that they are considering outplacing some clients.
FraudFiles
SEPTEMBER 3, 2021
Everyone is asking about cryptocurrency and NFTs (Non-Fungible Tokens) in divorce. More and more people are investing in and using cryptocurrency, and it could be an important asset that needs to be accounted for during the divorce. In some cases, one spouse has made or lost a lot of money trading crypto, and that has implications too. So what do you do if you haven’t a clue about this crypto stuff?
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.
Pooley Accounting Services
SEPTEMBER 2, 2021
At first glance, it may seem like all accounting professionals fit in the same box and offer the same skillset. In reality, it’s not that simple. So, how do you know who you should work with and what your company really needs? Let’s talk about four major roles and the differences between them. . Bookkeeper. The role of the bookkeeper is the foundation for all the rest.
Steve Feinberg
SEPTEMBER 2, 2021
As the Covid-19 pandemic self employed tax deductions offices and workspaces around the country, many American workers had to adapt to doing their jobs or running their businesses from home. Of course, home offices are not a new concept, and the IRS has had a framework in place for granting work from home tax deductions for home offices for decades.
ThomsonReuters
SEPTEMBER 2, 2021
What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Other types of provisions a business typically accounts for include bad debts, depreciation, product warranties, pensions, and sales allowances.
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
xendoo
SEPTEMBER 2, 2021
Planning ahead is always a good business strategy, especially when it comes to taxes. Adopting a proactive strategy can help you stay ahead of business tax filing deadlines, avoiding the rush and the headache during tax season! . To help business owners with their tax preparation , we’ve prepared a business tax filing guide to walk you through the process.
RLLeaders
SEPTEMBER 1, 2021
I’ve spent my whole life willing things through. I’ve grabbed hold of goals and refused to let go until I’ve made them happen. And that’s worked for me. Sweating every single detail has worked. This said, it probably hasn’t been the best way to do it. Leadership lifeskills and insights come from all corners of our lives, and many of my latest lessons stem from a nine-month training program at a foundation called Le Ciel.
ThomsonReuters
SEPTEMBER 2, 2021
IRS Webpage: IRS Checklists for Retirement Plan Documents. Available at [link]. The IRS has updated nearly all of the “subject matter packages” used by IRS specialists when reviewing retirement plan documents. Each package consists of an Explanation, a Worksheet, and a Checksheet that are designed to be used together. The Explanations are considered IRS publications, and the Worksheets and Checksheets are IRS forms.
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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.
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