BurklandAssociates
APRIL 12, 2021
SPACs are everywhere. But what exactly are they? And is a SPAC the best funding vehicle for your startup? The post To SPAC or Not To SPAC, That is the Question appeared first on Burkland.
RogerRossmeisl
APRIL 14, 2021
When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could be accurate, but there was also a chance that it wasn’t. She called her company’s attorney, who recommended a forensic accountant to investigate. He also suggested that she perform some preliminary interviews to gather facts — but to be careful not to interrogate employees.
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DuctTapeMarketing
APRIL 13, 2021
6 Simple Ways to Get Your Customers Talking written by John Jantsch read more at Duct Tape Marketing. Word of mouth marketing is considered by many to be the most desired form of marketing. The trust, referrals, and overall brand-building buzz that’s garnered by customers spreading the good word to prospects are worth its weight in gold. Some products, services, and experiences naturally produce chatter, but there are certain things that any company can do to stimulate word of mouth and cash in
PANALITIX
APRIL 15, 2021
RESOURCES / ARTICLES. Proposals with. Less Pain and More Gain. Many firms struggle with creating and sending proposals efficiently. Moreover, the final product is often an underwhelming-looking, intimidating, lengthy text document. Panalitix offers a complete solution to improve both the proposal generation process as well as the user experience for your clients.
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.
TaxConnex
APRIL 13, 2021
Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Don’t let sales tax compliance overwhelm you. Make the right decisions for your business so you can best manage compliance in a way that doesn’t overburden your finance team or put your business at risk of penalties and fees.
RogerRossmeisl
APRIL 12, 2021
(This is Blog Post #1006). The post Rating the Most Admired Companies appeared first on Roger Rossmeisl, CPA.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CTP
APRIL 15, 2021
There have been so many tax changes this year! As you might expect, it is difficult to cover them all. We’ll try to highlight a handful of changes that we think will be most relevant to you as a tax professional. We’ll skip over the changes that are compliance-related, and focus on the provisions from […]. The post 2020 Tax Update for the Tax Planner – Part 1 appeared first on certifiedtaxcoach. 2020 Tax Update for the Tax Planner – Part 1 was first posted on April 15, 2021 at
TaxConnex
APRIL 15, 2021
The United States has possibly the world’s most complex sales tax regime. This is because each state sets its own sales tax rules, and states often take widely varying approaches. As a result, each state has a different tax framework, with varying rules around everything from tax liability and tax rates to exemption categories and reporting requirements.
RogerRossmeisl
APRIL 13, 2021
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to federal estate tax. Current exemption amounts For 2021, the federal estate and gift tax exemption is $11.7 million ($23.4 million for married couples). That’s generous by historical standards but in 2026, the exemption is set to fall to about $6 million ($12 million for married couples) after inflation
xendoo
APRIL 14, 2021
Editor’s Note: This post was originally published in February 2017 and has been revamped and updated for accuracy and comprehensiveness. . Cash flow is a measure of your business’s liquidity and ability to pay its debts from sales revenue. Cash flow management can be one of the most challenging aspects of being an online business owner. Your business can be profitable but still have a negative cash flow because profit calculation takes into account assets like inventory that you can’t use
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.
MazumaBusinessAccounting
APRIL 10, 2021
It can be tempting to cut corners when laying the foundation of your business. Most new business owners try to pinch pennies where they can—even in areas they shouldn’t. For almost all businesses, making money is a priority, but how you manage that money is equally important. When you try to manage the accounting and bookkeeping for your business yourself, you may run into trouble.
CTP
APRIL 10, 2021
This post is focused on timing. Why is timing so important? From a tax-saving standpoint, not every dollar of deduction is worth the same amount every year. The savings depend on the taxpayer’s rate at the time the deduction is taken. For example, let’s say that you run a restaurant and your business was really […]. The post New Rules on “Covered Period” – Why is timing so important?
Patriot Software
APRIL 14, 2021
When you hire an employee, you need to have them fill out new hire paperwork. One form you must have new employees fill out and keep in your records is Form W-4. So, what is a W-4 form? What is the purpose of Form W-4? Read on to find out the answers to these W-4 […] READ MORE.
ThomsonReuters
APRIL 15, 2021
Business needs are changing, requiring companies to seek new strategic capabilities. Tax and accounting firms are uniquely positioned to be strategic advisors and service providers for their clients—but CPA firms must evolve, too. Modern businesses face unique challenges when trying to grow and stay competitive in a rapidly changing business environment.
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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.
xendoo
APRIL 14, 2021
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. As we’ve seen, there are a ton of fantastic, low-cost franchise opportunities out there that will give you a lot of advantages in starting up your new business. As a franchisee, you’ll still have the independence of owning your own business and being your own boss, but you’ll gain the name recognition, volume pricing agreements, and support services of an established b
GrowthForceBlog
APRIL 14, 2021
8 min read. As any Nonprofit Executive Director knows, an effective board and your organization’s success go hand in hand.
Withum
APRIL 12, 2021
Anyone in the stock market has to be feeling great with the major indexes near all-time highs, assuming you have a reasonably diversified portfolio. So, I feel this is a good time to inject some perspective.
CTP
APRIL 12, 2021
Good news on forgivable expenses! There is a lot more that is eligible for forgiveness, and not just for new loans. The expanded categories apply retroactively to initial loans, as long as the taxpayer (the borrower) has not already applied for forgiveness. Let’s start with payroll costs. Under the old rule, we had a ratio […]. The post Forgivable Expenses appeared first on certifiedtaxcoach.
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
MazumaBusinessAccounting
APRIL 16, 2021
As a business owner, it can be easy to see dollar signs on things that aren’t actually going to drive revenue for your business. Identifying the markets that are going to be lucrative for your business will help you to define your niche and—more importantly—nail it. It’s tempting to try to reach every customer who could possibly be interested in your products, but taking the time to find your perfect fit will help you to iron out your offering and help your business to be more scalable.
AccountingDepartment
APRIL 12, 2021
During the Vistage Executive Summit in Austin, TX, virtual workplaces were a common theme with the presenting speakers. Anne Petrik of Vistage Worldwide presented us with some statistics on whether a polled group of CEOs plan to be fully remote, hybrid, or in-person for the remainder of the year.
Withum
APRIL 14, 2021
My previous blog suggested that new ways of investing are needed to be considered because of the very low-interest rates. Here is a continuation of that discussion.
GrowthForceBlog
APRIL 12, 2021
8 min read. There isn’t a school or MBA program you can attend that will adequately prepare you enough for all of the responsibilities of being a business owner.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
KROST
APRIL 13, 2021
If you have not looked into Employee Retention Tax Credits, then you need to reach out to your relationship manager or contact us right away to see if you qualify. It is worth a quick assessment. We can help you claim the credit and receive cash refunds up to $5,000 per employee in 2020 and up to $7,000 per employee per quarter in 2021. ERTC is a federal benefit that was originally established as part of the CARES Act in response to the COVID-19 pandemic, but has since been amended to offer addi
LyfeAccounting
APRIL 15, 2021
We have an exciting update for you about the EIDL loan that you don’t want to miss. Action is required so please read until the end. We’re not going to waste any more time so let’s get right into it. EIDL Loan Increase Amount. The SBA just expanded the EIDL loan in two major ways: 1. First, the max loan amount was increased from a $150,00 max loan amount to a max loan amount of $500,000.
AccountingDepartment
APRIL 15, 2021
Budgeting is essential for operating a successful business. While learning the ins and outs of creating a working budget may seem intimidating, it doesn't have to be. Budgets are simply informed estimates about how much your organization will bring in through sales and other activities, and how much you expect to spend during a predetermined period.
ThomsonReuters
APRIL 15, 2021
Report to Congress: Annual Report on Self-Insured Group Health Plans (Mar. 2021); Appendix A, Group Health Plans Report: Abstract of 2018 Form 5500 Annual Reports Reflecting Statistical Year Filings (Jan. 2021, v. 1.0); Appendix B, Self-Insured Health Benefit Plans 2021: Based on Filings Through 2018 (Dec. 22, 2020). Report. Appendix A. Appendix B. The DOL has made available its required annual report to Congress on self-insured health plans.
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.
KROST
APRIL 13, 2021
Jean Hagan (Principal, Restaurant / Business Management) and Paren Knadjian (Practice Leader, M&A and Capital Markets) are hosting a complimentary webinar on The Restaurant Revitalization Fund. Join us for the details of the new Restaurant Revitalization Fund including eligibility, use of funds, calculation of funding amounts, how to apply and what documentation is required.
FraudFiles
APRIL 15, 2021
Tracy talks about the definition of fraud, and the four legal elements that are generally required. Laws vary from state to state, so you can see some variation here, but this is the “textbook” definition. The elements of fraud include: intentional misrepresentation, knowledge of the falsehood, reliance on the fact, and damage as a result.
LyfeAccounting
APRIL 13, 2021
The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement. This is thousands of dollars more than the $6,000 contribution limit that a standard traditional or Roth IRA account allows you to deduct. So if you are self-employed, earning income, and NOT taking advantage of the SEP or Solo 401K, get ready to cut your tax liability and save more money for retirement.
ThomsonReuters
APRIL 15, 2021
QUESTION: We will be using a third-party preparer and approved third-party software to submit our Form 5500 under the DOL’s EFAST-2 electronic filing system. As the plan administrator, do we need to obtain electronic credentials? ANSWER: Plan administrators must obtain electronic credentials for Form 5500 filing unless they decide to use the e-signature option (described below).
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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