TaxConnex
MARCH 29, 2022
Subscription-based selling is appealing to businesses for its reliability of loyal customers and steady revenue. From gift boxes to magazines to cutting-edge software, it’s one of the most diverse ways of selling. The model does come with steady sales tax obligations and risks though, and if not properly understood, it could lead to significant sales tax risk in the business.
BurklandAssociates
MARCH 29, 2022
What will the future of work for startups look like? Shahar Erez, Co-Founder & CEO of Stoke Talent, joined us on Startup Success to share his thoughts on the future Read More. The post How to Prepare Your Startup for the Future of Work appeared first on Burkland.
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RogerRossmeisl
MARCH 28, 2022
Keeping track of every IT asset — particularly as remote work has become common — is essential if your company wants to limit financial losses and fraud risk. According to some estimates, most remote employees use at least two employer-assigned devices, and a smaller percentage use three or more. In general, the more devices in use, the greater the potential for loss or theft.
Acterys
MARCH 28, 2022
The purpose of any forecast is to provide the closest possible snapshot of the future for business teams to plan and budget their activities. In essence, a good forecast is determined by its flexibility to evolve as per the changing conditions instead of sticking to the same initial projections across the financial period. As such, rolling forecasts are a solid first step towards agile planning and budgeting for organizations looking to become more reactive and adaptive to change.
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
MARCH 31, 2022
Sometimes if we hear a phrase often enough, we don’t appreciate the importance of all the words. One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. A complementary or compensating tax to the sales tax, it’s required to be paid by the buyer in cases where the seller does not collect sales tax.
MyIRSRelief
APRIL 1, 2022
Amending and or correcting a US individual 1040 income tax return (1040X), there are many reasons to do so: correcting filing status of the taxpayers, which if not corrected, would result in incorrect total income reported, tax deductions and tax credits. Taxpayers should timely correct and amend their personal tax returns to assure inaccuracy of penalties being assessed, and of course to avoid a possible audit and its significant impact on you the taxpayer, if located in Los Angeles, CA or othe
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
MARCH 29, 2022
Crowdfunding is an alternative way of raising funds for a startup, requesting donations for a specific charitable cause, or even collecting money for individuals in need. The contributions are usually in small amounts, but the funds raised can be significant. The question is, are funds raised through websites like Kickstarter, GoFundMe, Kiva and Indiegogo taxable?
ThomsonReuters
MARCH 31, 2022
QUESTION: Our company is adding a high-deductible health plan (HDHP) option next year, so that employees who choose the HDHP and otherwise meet the HSA eligibility requirements can establish and contribute to HSAs. What will happen to the funds in an HSA after an account holder dies? ANSWER: Upon the death of an HSA account holder, any amounts remaining in the HSA transfer to the beneficiary named in the HSA beneficiary designation form.
AccountingDepartment
MARCH 31, 2022
Cash is constantly moving in and out of businesses. For example, when a retailer purchases inventory, money flows out of the business to its suppliers. But, when that retailer sells something from its inventory, cash flows into the business from the consumer.
RogerRossmeisl
MARCH 28, 2022
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features that are especially favorable to small businesses: Eligible small businesses ($50 million or less in gross receipts) may claim the credit against alternativ
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.
Withum
MARCH 31, 2022
Withum is excited to welcome Lynn Mucenski-Keck to the Firm’s National Tax Services Group in the role of Principal, specializing in tax planning for businesses. With over 20 years of experience, Lynn has industry expertise in healthcare, hospitality, real estate and manufacturing distribution and logistics. At Withum, she will focus on Federal tax planning and policy, working with the National Tax Services Group to ensure clients’ understanding of dynamic tax guidance and maximize their cash imp
ThomsonReuters
MARCH 31, 2022
Insurance Standards Bulletin Series – Information – Extension of Limited Non-Enforcement Policy through 2023 and Later Benefit Years (Mar. 23, 2022). Available at [link]. CMS has indefinitely extended the limited nonenforcement policy allowing states to permit insurers in the individual and small group markets to renew health insurance policies that would otherwise have to be canceled due to noncompliance with certain Affordable Care Act (ACA) insurance market reforms.
AccountingDepartment
MARCH 30, 2022
Forecasting revenue is an important task for businesses to provide insight to what is coming in the future. It allows for a clear idea of a company's financial standing, helps identify potential risks, and set owners and management up to make adjustments to the business plan throughout the year.
RogerRossmeisl
MARCH 28, 2022
You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. But before explaining those rules, be assured you that when you are taxed on undistributed income, you won’t be taxed again if and when the income ultimately is paid to you.
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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.
Withum
MARCH 28, 2022
Withum is excited to announce that Caroline Banzali has joined the Firm’s Transaction Advisory practice as a partner specializing in tax due diligence, structuring and post-transaction integration and tax optimization planning. With over 20 years of experience in strategic planning, mergers and acquisitions, buy- and sell-side transactions, Caroline’s experience and background as both a service provider and corporate executive has culminated in Caroline’s unique arsenal of commercial business co
ThomsonReuters
MARCH 28, 2022
You ’ ve found the ideal tax and accounting research solution for your firm. With features like interactive workflow tools, relevant analysis, and up-to-date guidance, you ’ re certain that this software will save you time while getting to trusted answers — and have a positive impact on you, your team and your clients. . 4 tips to help prepare your business case .
Randal DeHart
APRIL 1, 2022
Contractors who ask for help in Cleaning Up their QuickBooks Files before filing taxes have better results than those that do not. The Tax Accountant is happier because the QuickBooks file is clean and easier to work with. They will likely find more deductions that can save you money and, in some cases, mean the difference between success and failure in your construction company.
RogerRossmeisl
MARCH 28, 2022
(This is Blog #1180). The post Why Your Company Needs an Expense Reimbursement Policy appeared first on Roger Rossmeisl, CPA.
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
Withum
MARCH 28, 2022
Residential and commercial real estate management company engages outsourced accounting services to fill needs after the retirement of a former outsourced accounting firm. Download a PDF of this case study. Executive Summary. A NYC-based residential and commercial real estate management company transformed its back-office through outsourced accounting services.
GrowthForceBlog
MARCH 31, 2022
9 min read. The Great Resignation spurred on by the pandemic has exposed egregious problems with company culture, work-life balance, and employee engagement around the world, with employees leaving their dissatisfying jobs in droves, leading to unprecedented employee turnover rates.
SkagitCountyTaxServices
MARCH 30, 2022
I can’t write without mentioning that somewhat awkward, somewhat shocking, somewhat moving star-studded Oscars event. There were some, well, memorable scripted (and *unscripted*) moments. One truly happy surprise was the best picture winner CODA (child of deaf adults) – the first streaming service movie to win Best Picture. Apple’s foray into Hollywood glory is showing how businesses can go beyond money-making endeavors to truly make a difference.
Ryan Lazanis
MARCH 31, 2022
Do you have too much on your plate right now? If yes, it’s probably the right time to hire someone to help you out. In this episode, I shared my journey in hiring and managing a virtual assistant, or VA, and how it helped me save more time. Listen below. 1:25 – I hired my first virtual assistant to help take some of the administrative burdens off my plate. 1:46 – They handle everything from assisting with marketing tasks to interacting with my customers. 2:15 – The right
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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.
Withum
MARCH 31, 2022
Many employers are now offering to accommodate hybrid work arrangements. This is already having an effect on commercial real estate as landlords are downsizing office spaces in response to tenant demand. This shift is also having a growing effect on residential rental spaces as well, as landlords begin to offer new and creative accommodations in an effort to keep current tenants and draw in new tenants.
Nancy McClelland, LLC
MARCH 29, 2022
A short article in today’s Accounting Today newsletter (which I highly-recommend) included an extremely helpful snippet that I want to make sure to spread far-and-wide. To validate and successfully submit an electronically filed tax return to the IRS , taxpayers need their adjusted gross income, or AGI, from their most recent tax return. The IRS has a couple of “special tips” to ensure the tax return is accepted by the IRS for processing.
Inform Accounting
APRIL 1, 2022
Tax policy is used to influence behaviour as well as to collect revenue. One example where this is the case is the company car tax rules which tax high emission cars heavily and reward drivers for choosing electric and low emission models. Why emissions matter for tax? Where an employee has a company car that is available for his or her private use, they are taxed on the benefit that this provide.
FraudFiles
APRIL 1, 2022
Insider fraud is most commonly detected in companies through a tip, either from an employee, a customer, a vendor, or an outside party. Anonymous hotlines are excellent tools for reporting fraud, but management must have a plan for evaluating these tips. Some tipsters are okay with revealing their identities from the start. Others fear retribution or damage to their own reputations, so they prefer anonymous reporting.
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.
Withum
MARCH 30, 2022
On February 16, 2022, the Small Business Administration (“SBA”) released additional information for Shuttered Venue Operators Grant (“SVOG”) recipients: SVOG Post-Award FAQs and SVOG Post-Application Guidance. This additional information clarifies the rules surrounding payments included in the Independent Contractors budget line item (6a) for SVOG recipients. .
Simple Accounts
MARCH 30, 2022
Accounting is one of the most well-liked professions. The number of students choosing commerce as a major in college and accounting-related employment is on the rise. Despite the fact that various accounting applications and software have been introduced to the market, none of them has the potential to completely replace human labour in accounting. Companies, both big and small, are looking for the finest accountants. .
Going Concern
MARCH 30, 2022
That dubious award goes to longtime IRS employee Wayne Garvin, who might be hanging out in Club Fed for as long as five years after pleading guilty to tax evasion on March 22. Garvin, 57, a resident of Columbia, SC, who most recently worked as a supervisory associate advocate with the IRS’s Taxpayer Advocate Service in Philadelphia, confessed to filing false tax returns and providing fabricated records to the IRS in an attempt to obstruct an audit of those returns.
Ryan Lazanis
MARCH 31, 2022
Accounting conferences are a staple for many firm owners and partners. In this article, we’ll take a deeper look at one of the biggest — AICPA Engage. This post will cover: The history of the event. Recap the past 5 Engage conferences. Talk about the upcoming event. Discuss the future of AICPA Engage. Let’s get started. A Brief History of AICPA Engage.
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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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