TaxConnex

NOVEMBER 23, 2021

We are in the midst of the busiest shopping season of the year. A time many retail businesses rely on to meet their year-end numbers. But what happens when a world still rocked by the pandemic continues to make the majority of its sales online? eCommerce has become a growing and important aspect of retail sales. In fact - Cross-border eCommerce sales worldwide grew more than 20% in 2020 while U.S. eCommerce grew by more than 40%.

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Sales Tax tax return Retail 246

BurklandAssociates

NOVEMBER 22, 2021

The rapid growth of crypto assets has challenged regulators to standardize and issue timely authoritative guidance for crypto accounting. The AICPA has issued guidance outlining how companies should account for Read More. The post Crypto Accounting: An Open Letter to the FASB appeared first on Burkland.

Account 130

Account accounted accountant Tax 130

Withum

NOVEMBER 22, 2021

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ThomsonReuters

NOVEMBER 24, 2021

QUESTION: A recently terminated employee has elected COBRA for himself, his spouse, and his children. He notified us within a month after his termination that his spouse is disabled, received a Social Security Administration (SSA) disability determination several years ago, and is receiving Medicare. We know we must offer COBRA coverage to the entire family, but must the plan provide a disability extension (from 18 months to 29 months) due to the spouse’s disability?

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Start-ups Tax Account accounted 98

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

xendoo

NOVEMBER 23, 2021

Endeavor Miami hosted their y.FTL panel, the second panel in their y.FLORIDA series. Lil Roberts, Xendoo’s CEO was one of the speakers. As Florida’s entrepreneurial ecosystem continues to develop they will continue to shed light on the strength of Florida’s entrepreneurs. Honored to be part of an amazing night with incredible people!

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Florida accounting software online accounting bookkeeping 98

BurklandAssociates

NOVEMBER 24, 2021

Foreign currency exchange can have a significant impact on revenue and M&A transactions. This article explains how Burkland’s accounting team handles the complexities of foreign exchange transactions. Foreign Exchange Effects Read More. The post Foreign Exchange Accounting Practices: Effects on P&L and M&A appeared first on Burkland.

Account 130

Account accounted accountant Tax 130

ThomsonReuters

NOVEMBER 24, 2021

Information Reporting of Health Insurance Coverage and Other Issues under §§ 5000A, 6055, and 6056, 26 CFR Parts 1 and 301, 86 Fed. Reg. __ (__ __, 2021). Available at [link]. The IRS has released an advance copy of proposed regulations addressing information reporting requirements under the Affordable Care Act (ACA). The proposal would revise existing regulations regarding the requirement to furnish individuals with information about minimum essential coverage (on Form 1095-B) and the requirem

Legal 98

Legal Tax Account accounted 98

xendoo

NOVEMBER 23, 2021

Success is not about luck and chance. It’s about visionary leaders who intentionally pursue the critical elements every business needs to be successful. Join Kison Patel from Boss Move Podcast and his guest Lil Roberts , Founder, and CEO in the episode Critical Elements of Success as they talk about the secret ingredients for success and how to get them.

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accounting software online accounting bookkeeping Account 98

AccountingDepartment

NOVEMBER 22, 2021

A business’ cash flow is just as important as the merits of its products or services. A business with a superior value offering has the potential to fold if it has insufficient cash flow. Business owners and managers who prioritize cash flow give their company the best chance to remain operational and win the marathon as opposed to the short-term sprint.

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Account accounted accountant 88

SkagitCountyTaxServices

NOVEMBER 24, 2021

“It was the best of times. It was the worst of times.” I think we can agree that Charles Dickens’s famous lines ring true when looking back at 2020 and 2021 (though “best” might seem like a stretch). With employees shifting their worlds to make room for new priorities, disruptions to supply chains, new government regulations, and so on, we’ve seen Skagit County friends’ small businesses (like yours) in a non-stop “pivot” just to keep things running.

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CPA Start-ups Government Tax 84

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Technology

ThomsonReuters

NOVEMBER 24, 2021

Interim Final Rule: Prescription Drug and Health Care Spending, 26 CFR Part 54, 29 CFR Part 2590, 45 CFR Part 149, 86 Fed. Reg. 66662 (Nov. 23, 2021); Fact Sheet: Prescription Drug and Health Care Spending Interim Final Rule With Request for Comments (Nov. 17, 2021). Regulations. Fact Sheet. News Release. The DOL, HHS, and IRS have issued interim final regulations implementing the requirement that group health plans and insurers report prescription drug and health care spending, premiums, and en

Hospitality 98

Hospitality Government Tax Account 98

xendoo

NOVEMBER 22, 2021

Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . If the self-payment struggle is all too familiar to you, Xendoo is here to help. We have created this guide to help you pay yourself and maximize your savings as a partnership owner!

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Tax income tax bookkeeping payroll tax 92

AccountingDepartment

NOVEMBER 23, 2021

AccountingDepartment.com Co-founder, Dennis Najjar, had the opportunity to join Ami Kassar, Business Strategist, on the AmiSights podcast.

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bookkeeping services bookkeeping business accounting Account 84

GrowthForceBlog

NOVEMBER 22, 2021

9 min read. When you think about the average CEO's mindset, you probably picture someone driven, creative, and insightful who never stops and has access to seemingly endless stores of energy.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Withum

NOVEMBER 22, 2021

California 72

California Tax 72

RitaKeller

NOVEMBER 25, 2021

“I awoke this morning with devout thanksgiving for my friends, the old and the new.” – Ralph Waldo Emerson. I am thankful for so many things and so many people in my life. Today, I want you to know that I am thankful to all of you who read this blog daily. I hope it is helpful, in some way, as you manage your way through the minefield of CPA firm management.

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cpa firm CPA 59

AccountingDepartment

NOVEMBER 24, 2021

Outsourced accounting services are becoming that much more popular with each passing year for good reason. It no longer makes financial sense to pay salaries and benefits to an in-house accounting team when comparably affordable experts are available outside of the organization. Add in the fact that outsourced accounting services provide direct access to a group of accountants with diverse professional experience and the decision to lean on the outside specialists makes even more sense.

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Account accounted accountant bookkeeping services 75

GrowthForceBlog

NOVEMBER 24, 2021

3 min read. 93% of U.S employees believe companies must lead with purpose- according to a recent Harvard Business study. [1] Now more than ever, companies and investors should have a greater good in mind. The Global Impact Investment Network's vision is to globally transform capitalism to a force for good : positively contributing to social, economic, and environmental issues.

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Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Withum

NOVEMBER 23, 2021

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FraudFiles

NOVEMBER 22, 2021

Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to PrePaid Legal, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting new members. MLMs live and die by the recruitment of new members, who make the bulk of the product purchases from the company.

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Start-ups Maine Legal Sales 59

Simple Accounts

NOVEMBER 26, 2021

Payroll Management Process is a set of steps that are followed in a particular order every month to form a Payroll Cycle. Payroll isn’t just about the given salary, it is more than that. It includes salary, wages, bonuses, net pay, deductions, and more. Regardless of the number of employees in a company, the Payroll Management Process must maintain the financial records of everyone.

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payroll Technology Tax Account 52

KROST

NOVEMBER 24, 2021

KROST recognized our new CPA licensees at the CalCPA LA Chapter ABC Networking event on November 18th at the Luxe Hotel on Sunset in Hollywood. Our M&A and Capital Markets Practice Leader, Paren Knadjian was invited on the M&A panel to talk about succession planning for CPA firms and practices. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->.

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CPA cpa firm California Education 52

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

ThomsonReuters

NOVEMBER 24, 2021

McGinnis v. Costco Wholesale Corp. Emp. Benefits Prog., 2021 WL 4844094 (N.D. Ill. 2021). Available at [link]. An individual hired as a “limited part-time” employee claimed she was told by her manager that she would become a regular part-time employee and be entitled to employee benefits after 90 days of employment. Alternatively, she contended she was entitled to enrollment based on the summary plan description (SPD) eligibility rules, which were based on completion of a specified number of ho

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Tax Account accounted accountant 52

FraudFiles

NOVEMBER 26, 2021

When completing a lifestyle analysis in a divorce or child support case, I am often asked whether my work is simply data entry. Why does a forensic accountant need to do the lifestyle analysis? Can’t anyone with a bit of accounting training do it? As Tracy discusses in the video below, a lifestyle analysis is much more than a data entry exercise.

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forensic accounting Account accounted accountant 52

Ronika Khanna CPA,CA

NOVEMBER 23, 2021

Doing your own accounting in accounting software such as QuickBooks Online (QBO) is relatively straightforward especially if you have set up your QBO file optimally. You periodically enter invoices, expenses, bills and allocate transactions from the banking download. And while QBO is designed for non accountants, it is also equally appreciated by many accountants for its simplicity and user friendliness (although, as with any software product, there are grievances).

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Non-Profits quickbooks accounts payable accounting and finance 52

LSLCPAs

NOVEMBER 23, 2021

About this time every year, the IRS publishes the contribution limits for retirement plans for the following year. Keeping Up On November 4, 2021, the IRS announced that the sum individuals can contribute to their 401(k) plans in 2022 will increase to $20,500, up from the $19,500 maximum allowable in 2021 and 2020. For traditional. The post Retirement Plan Contribution Limits for 2022: 401(k) Limit Increases to $20,500. appeared first on LSL CPAs.

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cpas audit 52

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Technology

ThomsonReuters

NOVEMBER 22, 2021

Burnout is no stranger to tax and accounting professionals, but in this pandemic world, it seems to be even more apparent. Prolonged exposure to stress and anxiety can create difficulty when trying to find work-life balance. So, if burnout is all around us, how can we fight it? We’ve come up with a list of three steps to help you find some peace this holiday season and mentally prepare you to take on the upcoming tax season. .

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Tax Account accounted accountant 52

KROST

NOVEMBER 22, 2021

We’re so thankful for all of your support throughout the year. We wouldn’t be where we are today without you. We gave thanks this year by donating to the following organizations. If you would like to contribute to any of these groups, we’ve included links below for your convenience. Alzheimer’s Association – Walk to End Alzheimer’s.

California 52

California 52

MazumaBusinessAccounting

NOVEMBER 22, 2021

Sometimes doing the opposite of what everyone else is doing is the right approach. That is what McKay learned when he started his business, Five Star Commerce. Five Star Commerce is a marketing and consulting service for brands selling on Amazon and Walmart as third-party sellers. McKay found a niche in his pricing model by offering hourly pricing rather than a flat monthly fee like most agencies.

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Start-ups business accounting Account accounted 52

RitaKeller

NOVEMBER 22, 2021

“Once you’ve got 7 people in a decision-making group, each additional member reduces decision effectiveness by 10%.” – Dan Rockwell LeadershipFreak. Dan Rockwell gives us 3 Words That Make Meeting Great. Those 3 words are Specific. Shorter. Smaller. Follow the link to read more about these three words. I like the two words that apply to CPAs – Decide and Deliver.

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cpas Account accounted accountant 45

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance