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: 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
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.
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
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.
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
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.
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.
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.
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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.
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?
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
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.
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: 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?
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.
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?
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.
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!
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: 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.
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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