TaxConnex

JUNE 10, 2021

Your sales tax obligations start with whether or not you have sales tax nexus. Without it, you have no obligation to collect and remit sales tax to specific taxing states or jurisdictions. Your sales tax nexus is determined by either a physical or economic presence within a taxing jurisdiction. Most businesses have somewhat of a grasp of their physical presence, after all, it was the standard for sales tax obligations for over 50 years.

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AccountingDepartment

JUNE 11, 2021

An income statement is a critical financial statement for reporting a business's financial performance. It can also be referred to as a revenue and expense statement.

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RogerRossmeisl

JUNE 9, 2021

Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you have the greatest need, you’ll find yourself out in the cold. Unfortunately, there aren’t a lot of great legal remedies. So it’s critical to avoid unreliable and fraudulent insurance coverage in the first place.

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BurklandAssociates

JUNE 9, 2021

Customer Success costs are a drag on a startup's Gross Margins, but much less of a drag than losing customers. The post SaaS Customer Success: Gross Margin vs. Churn Trade-Offs appeared first on Burkland.

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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.

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TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates. Biggest news: Missouri will likely soon join fellow holdout Florida in establishing economic nexus requirements. (They were the last two states with a sales tax to set up such requirements.).

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ThomsonReuters

JUNE 10, 2021

What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws (May 28, 2021). Available at [link]. The EEOC has updated its guidance on COVID-19-related compliance issues under the ADA, GINA, and other employment laws. In addition to modifying and expanding earlier guidance on employer vaccination programs, the updated guidance adds six Q&As addressing ADA and GINA considerations for employer-provided COVID-19 vaccination incentives for employees and their fami

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xendoo

JUNE 6, 2021

Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie. One popular option—the Amazon small business marketplace. .

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AccountingDepartment

JUNE 9, 2021

Kitti Crawford is our Staff Success Ambassador at AccountingDepartment.com and her main function is to assist our new and tenured staff members with training as they grow into their roles here at ADC. Kitti has been with us since 2006 and has been excelling in her current position for the past 4 years. When Kitti was preparing to start college, she had three career paths that were under strong consideration to pursue.

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ThomsonReuters

JUNE 10, 2021

Gorman v. Acteon Networks, LLC, 2021 WL 2156359 (E.D. Pa. 2021). Available at [link]. As part of an employment discrimination lawsuit, a former employee claimed that her employer improperly discontinued her medical benefits in violation of COBRA. The employer asked the court to dismiss the claim, arguing that it did not have enough employees to be covered by COBRA.

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RogerRossmeisl

JUNE 7, 2021

The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to potential fraud signs. Unethical employees and organized crime gangs have only been too willing to take advantage of the situation. Consider conducting a targeted risk assessment that focuses on the changes that have occurred since the pandemic began.

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CPA 212

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.

Account

CTP

JUNE 8, 2021

This week’s blog focuses on a loophole to the $3,000 deduction on capital loss losses. Businesses don’t always go as people hope they will. Unfortunately, in the last year we’ve seen a lot of struggle. Many businesses in specific industries, including food and entertainment, have had to close their doors. For business owners and entrepreneurs, […].

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Entertainment 92

GrowthForceBlog

JUNE 8, 2021

8 min read. In Texas, the size of our state is only matched by the amount of caring and concern in our hearts for those in need. For proof, look no further than the state’s thriving nonprofit sector.

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AccountingDepartment

JUNE 5, 2021

Whenever you operate a small business, you need to know little something about the basics of bookkeeping. A little understanding of bookkeeping can ramp up your business operations. Bookkeeping is the recording and organizing of a company's financial transactions and with the right bookkeeping tools, you'll be better able to plan for your company's own profits.

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Withum

JUNE 7, 2021

Selling your business could be the most important decision of your career. If you want to buy a business, that could be the most important decision of beginning your career. Either way there are things you should know about the process. I will be presenting a Free webinar on each process.

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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.

financial statements

LyfeAccounting

JUNE 9, 2021

We think it’s clear by now that the prices of cryptocurrencies like Bitcoin can have major swings. It wasn’t too long ago that Bitcoin and other coins dropped over 30% and caused quite a panic. But instead of panicking during big price drops, what if we told you that you could actually use these swings to your advantage? That’s right! While everything is on fire, you can actually leverage losses in crypto in ways that even your typical stock investors cannot.

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Tax tax preparation Sales accounting and finance 59

GrowthForceBlog

JUNE 10, 2021

4 min read. We’ll cut to the chase: if you aren’t monitoring the trends in your business by tracking your Trailing Twelve Months, you are missing out on key insights that could make a profound impact on your business.

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AccountingDepartment

JUNE 7, 2021

The utilization of outsourced accounting services is ramping up now that many companies are relying more heavily upon technology, working from home, and overall improving their efficiencies as a whole. Having that in-house accounting team is the traditional way to handle business and to many, just makes sense. But, there are a few reasons as to why making the switch to outsourced accounting is becoming more popular in business.

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accountant Account accounted Technology 53

Withum

JUNE 9, 2021

The Drama Book Shop reopened today in a new location on West 39th Street. If you are in show business, this is somewhat of a big deal.

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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

Sales

LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Keep reading! So, this is a really important post because, it’s not just about avoiding paying taxes, it’s about developing a new mindset that will allow you to build long-term wealth.

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CapataCPA

JUNE 11, 2021

Why Do So Many Businesses Use Outsourced CFO? There are many benefits to outsourcing the Chief Financial Officer (CFO) role, especially if you own a small business. An outsourced CFO ensures you are getting the same expertise from a CFO even if you may not have the financial resources to retain or support a full-time. The post Outsourcing Your CFO appeared first on CPA firm in Orange County, CA | CAPATA.

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FraudFiles

JUNE 11, 2021

CPAs doing traditional tax and auditing services are often looking for other streams of revenue to fill in the gaps outside of busy season. Litigation support work might be a great fit for them. Attorneys are always looking for expert witnesses with certain areas of expertise, and accountants doing general work might be a good option. What is your focus?

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xendoo

JUNE 10, 2021

Becoming a third-party seller on Amazon is an exciting opportunity for many small businesses. After evaluating the pros and cons of selling on Amazon , you may decide to go with an Amazon FBA (Fulfilled by Amazon) account. You’ll pay a fee to use Amazon’s warehouses, packaging and shipping, and customer service. One thing that isn’t included? Accounting for Amazon sellers. .

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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.

LyfeAccounting

JUNE 11, 2021

How to pay yourself in an S-Corporation? According to the IRS, you need to pay yourself a reasonable salary. But what in the world is a reasonable salary? And shouldn’t you want to pay yourself the highest salary possible? Like, why is this a thing? Well, it’s a thing because by paying yourself a very low salary in an S-Corporation, you are effectively lowering the amount of taxes you pay.

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ThomsonReuters

JUNE 10, 2021

CPA firms are understandably exhausted after the past year, however, there is a tremendous opportunity for the accounting profession to reflect, reset, and energize staff with a fresh perspective infused with learnings from the 2020 tax season. In the latest episode of Pulse of the Practice, “ A Conversation with Carrie Steffan ”, Paul Miller, Owner of Business by Design , and I discuss how to inspire and mobilize CPA firm staff in the year ahead with insight from Carrie Steffen of The Whetston

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AccountingDepartment

JUNE 9, 2021

When you start a small business, you first need to decide upon an "entity type." The entity type of your business is going to matter -- a lot. It determines how your business is structured and owned and (maybe more importantly) how it's taxed. Let's take a look at the entity types and what they mean for you.

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KROST

JUNE 9, 2021

With all the pivots that our industry has been forced to make in the last 18 months, the biggest one is now upon us. Restaurants are always stiffly hesitant to raise their menu prices, believing that this will decrease their guest visits. I will make the argument that the restaurant experience is much more complicated than just pricing on a menu. The atmosphere, the service, the ease of access, and the quality of food and beverage all contribute to the overall experience and satisfaction of the

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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.

LyfeAccounting

JUNE 11, 2021

New IRS Unemployment Tax Refund Update. If you, or anyone you know, paid any taxes on unemployment last year, read on because we have some very important news for you. It is regarding 2020 tax refunds and those who paid taxes on their unemployment compensation last year. The IRS just recently announced that they will be issuing tax refunds to over 2.8 million taxpayers this week who paid taxes on unemployment compensation.

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ThomsonReuters

JUNE 10, 2021

Luense v. Konica Minolta Business Solutions U.S.A., Inc., 2021 WL 2103231 (D. N.J. 2021). Available at [link]. A federal trial court has dismissed portions of a putative class action lawsuit brought by participants in a 401(k) plan alleging that various individuals and entities violated their fiduciary duties relating to investment fund selection. The participants sued the plan sponsor, the sponsor’s board of directors and its individual members, the plan committee and its individual members, a

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Baruch Lev

JUNE 6, 2021

A colleague opens his MBA finance class by asking the students: “Who would invest in a company which reported 10 consecutive years of losses?” Some of the students wonder whether they are in the right class, and no hands are raised. The instructor continues: “Too bad, if you had invested in such a company, say Amazon or Tesla, you would have been a billionaire by now.”.

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FraudFiles

JUNE 7, 2021

A little tounge-in-cheek take on committing fraud at work. No, I don’t really want you to commit fraud against your employer. I’m just trying to illustrate some of the red flags of fraud. If a fraud is worth committing, it’s worth committing right. A little extra effort in the commission of a fraud can go a long way toward profiting from it as long as possible.

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