Sat.May 21, 2022 - Fri.May 27, 2022

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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales.

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Tax Issues to Assess When Converting From a C to an S Corporation

RogerRossmeisl

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over C corporations, there are some potentially costly tax issues that you should assess before making a decision to switch. Here’s a quick rundown of the most important issues to consider when converting from a C corporation to an S corporation: Built-in gains tax Although S corporations generally aren’t subject to tax, those

Tax 246
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Deloitte: Climate change will cost $178T by 2070

Accounting Today

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Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups

BurklandAssociates

Burkland’s Managing Director, Tax Practice, Ardy Esmaeili, CPA contributed an article to TechCrunch this month; Starting up remotely? Keep these labor laws and tax guidelines in mind. Our team has Read More. The post Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups appeared first on Burkland.

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Forecasting Failures Are Costly: Here's How To Fix Them

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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Multi-channel selling sales tax: Wholesalers and Drop Shipping

TaxConnex

Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations. An exemption could be related to the type of business that is buying the TPP – a non-profit or government entity in certain states for example.

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Keep Cybercriminals from Stealing Your Business’s Brand

RogerRossmeisl

When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if a cybercrook steals a company’s identity and uses it to engage in fraud? This situation can be more complicated — and expensive — to resolve. Fraudsters who use your business’s digital assets for their benefit are known as brandjackers.

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More Trending

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The Growing Need for Cannabis Business Valuations

Withum

As the legalization at the state level continues to increase, the need for business valuation is increasing. The reasons for business valuations are varied and include the following: Transactional, which might include the acquisition of an existing business or the buy-in or buy-out of an ownership interest. Planning, which might include gifting and succession planning opportunities.

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Former and Current Alliantgroup Employees Speak Out About ‘Evil, Toxic, Emotionally Damaging Company’

Going Concern

One thing I have learned since finding out about the IRS and the FBI conducting a court-ordered raid of Alliantgroup’s Houston offices last Friday morning is that there are A LOT of horror stories from ex-Ag employees about their experience working at the management and tax consulting firm. If you have the time, check out these threads, posted after the raid went down, on Fishbowl , r/Houston , and from a former Alliantgroup employee on Twitter.

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Issues to Consider After Your File Your Tax Return

RogerRossmeisl

The tax filing deadline for 2021 has passed. Now that your tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1. You can throw some tax records away now You should hang onto tax records related to your return for as long as the IRS can audit your return or assess additional taxes.

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IRS raids alliantgroup offices

Accounting Today

Tax 128
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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It's Time for Accountants to Embrace Fintech

Accounting Web

Trends It's Time for Accountants to Embrace Fintech.

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Three tips for a better balance between work and mental health

Xero

We know that mental wellbeing is vitally important, but for small business owners, striking a balance between work and mental health can feel almost impossible. . The past two years in particular have thrown up a previously unseen level of disruption and turmoil for small businesses. From the pandemic, to soaring inflation and energy prices, it’s no surprise that finding the time to invest in mental wellbeing is proving challenging. .

Maine 105
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It’s Official, the Only Way to Get a Decent Raise is by Leaving Your Firm

Going Concern

As public accountants pull the ripcord and bail out from their firms in droves for the greener grass of industry, government, and even the blissful quiet of unemployment so they can figure out what they really want to do with their lives there’s a lot of talk about the abandoned workloads being dumped on the fools loyal grunts who remain. Associates are doing senior work, seniors are involuntarily impersonating managers without manager pay , blah blah, none of this is news to any of you.

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IRS sent over $800M in potentially improper recovery rebate payments

Accounting Today

Tax 128
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Book of Secrets on the Month-End Close

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.

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Drivers of Stock Market Values

Withum

Stock market volatility has become a daily reality. Why, how and whether you invest in the stock market is your business. What I usually try to do is provide some information on suggested ways to consider stock market investing, and that is what I will be doing now. There are many things that affect the value of stocks — too many to sensibly grasp and use to determine what stocks to buy, so I suggest simplifying your decisions by investing through mutual funds.

Tax 105
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What Happens If Nobody Wants to Work?

Intuitive Accountant

As people continue to return to office life, Basis 365 Accounting's Rhett Molitor examines what happens when calls for hybrid and remote options take hold.

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AccountingDepartment.com Attends VETS'22

AccountingDepartment

Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium 2022 (VETS'22) in Orlando, Florida.

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IRS upgrades 'Where’s My Refund' tool to track refunds for two years

Accounting Today

Tax 124
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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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Jim Hannan Named ROI-NJ Influencer for Manufacturing in 2022

Withum

Withum is proud to share that Jim Hannan , Partner and Practice Leader for Manufacturing, Distribution & Logistics , was recognized by ROI-NJ as a top influencer for 2022. Jim has over 30 years of experience in the industry, specializing in public offerings, SEC filings, international financial reporting standards and mergers and acquisitions. He oversees the MD&L Group at the Firm and has additional industry expertise in Wholesale Distribution Services , Life Sciences and Cannabis Secto

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The #1 Strategy to Eliminate Scope Creep

Ryan Lazanis

In this podcast episode, I shared my #1 strategy to combat scope creep and tips on how you can create a system to eliminate it in your firm. Listen below. 1:08 – Scope creep can cause disagreements with clients if you try to charge for out-of-scope work. 1: 30 – To eliminate scope creep, you should define the boundaries of your deliverables and ensure that your client understands them. 2:00 – A well-defined scope becomes extremely important because it helps protect the profitab

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Insightful Accountant's Top 100 ProAdvisors for 2022

Intuitive Accountant

Insightful Accountant is proud to announce the 2022 Top 100 ProAdvisor Award recipients.

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Finance leaders preparing for tax changes

Accounting Today

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New Software & You: Elevating Your Tech Stack

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!

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Go Through This Termination Checklist Before Bidding an Employee Adieu

Patriot Software

Here’s a number for you: 47.2%. That was the 2021 annual total separation rate (aka the number of total separations as a percent of annual average employment). And here’s one more number for you: 4,258,000. That’s the number of employees who quit their jobs in January 2022. Quits are happening in businesses nationwide like there’s […] READ MORE.

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Social Media for Accountants: 7 Reasons Why + 11 Tips How

Ryan Lazanis

You may be wondering if social media for accountants is a good marketing tool for your firm. The answer is yes! There are many reasons why accountants should use social media to market their firms. In this blog post, I will discuss the seven reasons why having a social media presence is important. I will also give you 11 tips on how to use social media for your accounting firm’s marketing efforts.

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Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program

Anders CPA

A Missouri bill, HB 2400, could affect businesses across the state with several provisions impacting the R&D tax credit, Missouri Works program, the State and Local Tax Parity Act and more. The bill was recently voted on and now heads to Governor Parson’s desk for signature. New Missouri R&D Tax Credit. While Missouri offers a sales tax exemption for research and development (R&D) purchases made within the state, Missouri has been without a state R&D tax credit since the program

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IRS changes guidance on EITC

Accounting Today

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

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.

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Current Crypto Wash Sale Rules

Withum

If you’re an investor in cryptocurrency, you understand the current market has not been friendly. Most cryptocurrencies are currently down over 50% from their all-time highs. The term diamond handing is the belief that one should hold onto an asset that is currently losing value – and gets thrown around a lot during bear and bull markets. It is important to understand the current cryptocurrency rules that can provide a tax advantage to those who wish to continually hold their assets.

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Helping you win new business with beautiful quotes

Xero

Sending a quote is often the first digital interaction you have with a potential customer, so it’s important to make the right impression. We’ve made it easy in Xero – you can create a beautiful online quote in minutes, get customers to accept it on the spot, and quickly convert it into an invoice. To continue improving your experience, we’re introducing an exciting new feature and fresh design to quotes in Xero.

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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. To achieve your goals, you’ll need to prepare numerous reports, establish, evaluate, and strengthen external partnerships that generate new growth, create a strategic mapping to increase confidence in your actions, and the list goes on!

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Academia needs better skill sets for future accountants

Accounting Today

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.