TaxConnex
JANUARY 27, 2022
The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Add a tight job market and the task for many companies has become nearly impossible. First, what’s influencing the availability of workers lately? The national unemployment rate dropped to 3.9% by the end of last year, meaning that fewer people willing or able to work are still looking for a job.
BurklandAssociates
JANUARY 24, 2022
The fractional CFO model has seen a big rise in popularity among startups in recent years. Solid financial guidance is one of the keys to scaling a startup, and a Read More. The post Is My Startup Ready for a Fractional CFO? appeared first on Burkland.
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SMBAccountant
JANUARY 27, 2022
When doing your taxes, there are a lot of things to keep track of. If you're trying to do it all yourself, it can be tough to stay organized and make sure you're including everything. Using a project management tool can help make the process easier and less overwhelming. Here are five reasons why you should use a project management tool when doing your taxes.
RogerRossmeisl
JANUARY 26, 2022
The cost (or asset-based) approach to valuing a business focuses on the balance sheet. This financial statement reports “book values” for the company’s assets and liabilities. Here’s how the cost approach works and when it might be an appropriate method of valuation. Book value vs. fair market value Amounts reported on a company’s balance sheet for its assets and liabilities may not reflect their fair market value to a potential buyer or seller.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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
JANUARY 25, 2022
TaxConnex is excited to announce a record-breaking 2021 and reports annual organic revenue growth of 19% in 2021, proving that as sales tax becomes more complicated, businesses are continuing to look for a trusted provider to manage the burden for them. We are also excited to share that last year we onboarded more new clients than ever before and will have remitted over $1.5B in sales tax for our clients from 2021 returns.
Withum
JANUARY 28, 2022
In this post, we are sharing helpful Microsoft Teams tips and tricks to enhance your Teams collaboration journey. Through our work with various organizations, we gathered commonly requested tips that will help staff navigate day-to-day while in Teams. Microsoft Teams provides many ways to do things and we narrowed it down to 10 Team tips and tricks to help your organization adopt Teams. 1.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
JANUARY 23, 2022
As posted to the RethinkX YouTube Channel on 11/04/2021 (Run Time 32 min, 32 sec) We are on the cusp of the fastest, deepest and most consequential transformation of civilization in history. Yet while humanity is on the brink of this existential transformation, we’re blind to the deeper processes of change. “Rethinking Humanity” takes viewers on a whirlwind tour of the rise and fall of civilizations through a powerful lens that makes sense of the past, so that we can step into the p
Accounting Web
JANUARY 26, 2022
Sales Tax Taxation of the Metaverse is Coming.
Withum
JANUARY 26, 2022
With new technology comes new opportunities for investors to make money. While cryptocurrencies (crypto) and the blockchain have been around for nearly a decade, they are relatively new to mainstream financial conversations, and currently, more people are investing in crypto than ever before. For those who are unfamiliar with cryptocurrency, crypto is a form of digital currency that is supported by blockchain technology whose value fluctuates based on supply and demand.
ThomsonReuters
JANUARY 27, 2022
QUESTION: Our company is an applicable large employer (ALE) that sponsors a self-insured group health plan. We know we have to file Forms 1094-C and 1095-C for the 2021 calendar year. When are these forms due? ANSWER: ALEs must report to the IRS whether they offered full-time employees and their dependents the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan, whether the offered coverage was affordable and provided minimum value, and certain other i
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
RogerRossmeisl
JANUARY 26, 2022
While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why they decided to start a business in the midst of a pandemic. For example, they had more time, wanted to take advantage of new opportunities or they needed money due to being laid off. Whatever the reason, if you’ve recently started a new business, or you’re contemplating starting one, be aware of the tax implications.
Patriot Software
JANUARY 26, 2022
Hired your first employee? Check. Set a start date? Check. Ready to process payroll? Not quite yet. Before you can start paying your employees, there are a few steps you need to know and some terms to learn. This handy payroll 101 guide explains how to set up payroll the right way so you can […] READ MORE.
Withum
JANUARY 27, 2022
Withum proudly announced that the Firm received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Withum joins the ranks of over 840 major U.S. businesses that also earned top marks this year.
ThomsonReuters
JANUARY 28, 2022
Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Figuring out how to stabilize revenue throughout the year can help you reduce overall stress and improve income potential.
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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.
RogerRossmeisl
JANUARY 26, 2022
The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles. Tip 1 Contact us soon for an appointment to prepare your tax return. Tip 2 Gather all documents needed to prepare an accurate return. This includes W-2 and 1099 forms. In addition, you may have received statements or letters in connection with Economic Impact Payments (EIPs) or advance Child Tax Credit (CTC) payments.
Withum
JANUARY 25, 2022
Learn how a non-profit organization in New York City, which has provided essential services throughout the pandemic, leveraged its existing investment in Microsoft 365 to create a customized vaccine and testing tracker application. Download a PDF of this case study. Executive Summary. An established non-profit with over 100 years of service to NYC requested support in launching a COVID testing and vaccination tracker to bring staff back into the office.
ThomsonReuters
JANUARY 27, 2022
Federal Independent Dispute Resolution (IDR) Process Guidance for Certified IDR Entities (Dec. 2021). Available at [link]. The DOL, IRS, and HHS have issued a process guide for certified independent dispute resolution (IDR) entities with details on the various aspects of the IDR process under the No Surprises Act, enacted as part of the Consolidated Appropriations Act, 2021 (CAA) (see our Checkpoint article ).
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?
AccountingDepartment
JANUARY 24, 2022
NetSuite has several important project management tools. This includes tracking time and costs and paying any vendors used in the project.
Patriot Software
JANUARY 24, 2022
Generally, paying employees hourly or salary wages is a straightforward process. But, what happens when you pay employee commissions or bonuses? You may need to use a supplemental flat tax rate for federal and state income taxes. Not all states require supplemental tax rates. So, take a look at the supplemental tax rates by state […] READ MORE.
SkagitCountyTaxServices
JANUARY 26, 2022
This past weekend’s NFL playoff games were maybe some of the best post-season games to watch in a long, long time… with some of the most unexpected outcomes. Who would have believed that all but one of the top teams from the regular season would be unseated from a Super Bowl trajectory? The power of the underdog is not to be underestimated. But surprising outcomes and the power of the little guy is a story employers all over the country are all too familiar with right now.
ThomsonReuters
JANUARY 27, 2022
Notice 2022-6 (Jan. 18, 2022). Available at [link]. The IRS has updated its guidance regarding when payments from qualified retirement plans (including 401(k) plans, other tax-qualified plans, and IRAs) are considered substantially equal periodic payments that are not subject to the 10% additional tax on early distributions. (There are also other exceptions to the tax—e.g., for distributions after death or attaining age 59 1/2.
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!
AccountingDepartment
JANUARY 27, 2022
When it comes to owning a business, the last thing anyone wants is to spend valuable time sorting out their accounts. After all, business owners have much more pressing things to contend with on a daily basis. Yet while this is the case, it's important that businesses keep on top of their accounting and don’t let it slide — which is where a virtual bookkeeping company comes in.
GrowthForceBlog
JANUARY 25, 2022
3 min read. Consortium for Educational Change is making waves in the education system- and the proof is in the numbers. CEC's mission to help build collaborative cultures, and evidence-based practices that empower adults and students are heavily evident in their measurable impact. After they supported Peoria High School in Illinois, they saw a 27% increase in students meeting and exceeding standards on the NWEA reading test and a 29% increase in math scores!
Accounting Web
JANUARY 28, 2022
Tax When Vacation Rentals Are Commercial Real Estate.
ThomsonReuters
JANUARY 27, 2022
Hughes v. Northwestern Univ., 2022 WL 199351 (U.S. 2022). Available at [link]. The U.S. Supreme Court has overturned an appellate court’s dismissal of participants’ claims that retirement plan fiduciaries breached ERISA’s duty of prudence by (1) retaining recordkeepers that charged excessive fees; (2) offering investments in “retail” share classes that carried higher fees than those charged by otherwise identical “institutional” classes; and (3) including so many investment alternatives that pa
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.
Withum
JANUARY 26, 2022
COVID-19 changed the dynamic of supply chains around the world, leading companies to learn the benefit of digital investments in maintaining their business structure and supply chain resilience during an emergency. The pandemic gave new meaning to risk management and elevated the importance of how a company can respond to unplanned events. On a macro level, manufacturers worldwide are now faced with new pressures resulting from materials shortages, inconsistent demand and worker unavailability.
GrowthForceBlog
JANUARY 27, 2022
7 min read. Running a Nonprofit and running a for-profit have more similarities than you may think.
Accounting Web
JANUARY 25, 2022
Practice Excellence Show Clients How Much Value You Bring.
RitaKeller
JANUARY 25, 2022
“There is no greater impediment to the advancement of knowledge than the ambiguity of words.” – Thomas Reid. When selecting a new managing partner there are a lot of factors to consider. Sometimes the vocal, flashy, energetic, extrovert seems to be the logical choice. I have observed that often those types of personalities are also very hot and cold.
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