TaxConnex

JANUARY 4, 2022

Mechanics tell you that you can keep your car running best by checking the engine occasionally and keeping up with the recommended maintenance schedule. Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Sales tax rules , rates, filing frequencies and many other details change frequently. Whether you manage the process in-house, work with a technology vendor or outsource completely, you must understand the pieces to remaining compliant: re

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tax return Sales Tax Start-ups 242

BurklandAssociates

JANUARY 3, 2022

What do you do when you start getting those checks with a lot of zeros on the end? The post My Startup Got Our First Big VC Check. What Should I Do with It? appeared first on Burkland.

accountant 147

accountant accounted Account 147

xendoo

JANUARY 6, 2022

The Details Matter . A crucial component of being a small business owner is meeting certain tax requirements in order to remain compliant in the eyes of the IRS. It can feel overwhelming to keep track of every rule and deadline, especially while juggling countless other business responsibilities day in and day out. . That is why the Xendoo team has created this guide to help business owners stay on top of their tax requirements, remain compliant throughout the year, and effortlessly maximize the

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Tax bookkeeping income tax bookkeeping services 59

RogerRossmeisl

JANUARY 5, 2022

After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be 58.5 cents (up from 56 cents for 2021).

CPA 212

CPA Tax business tax 212

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

MyIRSRelief

JANUARY 3, 2022

As hard to believe as it may be, we are now in yet another year and here’s to hoping that 2022 will be significantly better than the last previous years, but we digress. What we’re here to talk about today is IRS TFRP help, or trust fund recovery penalty help, as it is better known. With tax season coming up fast, our thoughts will soon be turning to our books and accounts, as we look to get all of our taxes in order so as to appease the wrath of the tax man.

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Tax payroll tax payroll Legal 147

Withum

JANUARY 7, 2022

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RogerRossmeisl

JANUARY 5, 2022

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands and making deliveries from a restaurant or store.

Tax 208

Tax CPA 208

IgniteSpot

JANUARY 6, 2022

accountant 98

accountant accounted Account 98

Withum

JANUARY 1, 2022

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ThomsonReuters

JANUARY 6, 2022

Field Assistance Bulletin No. 2021-03: Temporary Enforcement Policy Regarding Group Health Plan Service Provider Disclosures Under ERISA Section 408(b)(2)(B) (Dec. 30, 2021). FAB. News Release. The DOL has announced a temporary enforcement policy for fee disclosure requirements that apply to certain group health plan service arrangements. As background, ERISA’s prohibited transaction exemption for reasonable service provider arrangements was amended by the Consolidated Appropriations Act, 2021 (

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audit Tax accountant accounted 98

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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

RogerRossmeisl

JANUARY 5, 2022

Valuation experts often use discounted cash flow (DCF) techniques to determine the value of a business or estimate economic losses. A critical input in a DCF model is the cost of capital. This is the rate that’s used to discount future earnings into today’s dollars. Small changes in this rate can have a major impact on the expert’s conclusion, so it’s important to get it right.

CPA 203

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SkagitCountyTaxServices

JANUARY 5, 2022

And the books turn over. As we step over the threshold into 2022, we’re all staring at much lower numbers in our P/L’s. It’s a new slate, and the possibilities are endless. What will you do in 2022? That’s the question of the hour … and it has much less to do with outside circumstances than it does with YOU. Your choices will make all the difference this year — not government policies, congress, sloppy vendors, or recalcitrant employees.

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Tax CPA Construction California 87

Withum

JANUARY 4, 2022

These year-end financial benchmark charts continue an annual tradition I use to assist clients with their financial planning. The charts show the 10-year annual and cumulative percentage gains or losses of the major stock market indexes, interest rates, currencies and gold. I always make new year’s resolutions, but I also put “SALY” (Same as Last Year) after some of last year’s.

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ThomsonReuters

JANUARY 6, 2022

QUESTION: When our employees travel for business, they earn frequent flyer miles. Do we have to treat those miles as taxable if employees use them for personal reasons (e.g., to buy vacation travel)? ANSWER: Many employers allow their employees to make personal use of frequent flyer miles earned on business travel. This can be a significant benefit.

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Tax accountant accounted Account 98

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

RogerRossmeisl

JANUARY 5, 2022

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a §1031 “like-kind” exchange where you exchange the property rather than sell it. With real estate prices up in some markets (and higher resulting tax bills), the like-kind exchange strategy may be attractive. A like-kind exchange is any exchange of real property held for investment or for productive use in your trade or business (relinquished property) for

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Real Estate Tax CPA cpa firm 198

AccountingDepartment

JANUARY 4, 2022

It is no question that rapid growth requires an accessible, user-friendly system to scale with the business. As a business owner, you should always be looking for ways to position yourself for further growth, and in an ideal scenario, not having to add additional staff is a major bonus.

NetSuite 82

NetSuite accountant accounted Account 82

Patriot Software

JANUARY 3, 2022

When you have employees, payroll is one of your most important tasks. Because payroll is oh-so important, you need to know how to calculate your employees’ checks. That includes knowing how to calculate taxes and other deductions accurately. Read on to learn more about how to calculate payroll. How to calculate payroll: The basics Before […] READ MORE.

payroll 81

payroll Tax 81

ThomsonReuters

JANUARY 3, 2022

Supply-chain finance is nothing new; it’s been?around for decades. We saw an uptick in its use after the 2008 financial crisis. Not surprisingly, the uncertainty and volatility of the COVID-19 pandemic, together with the high-profile bankruptcies of UK-based supply-chain finance provider Greensill Capital and construction management firm Carillion PLC, have sparked concern over whether companies are being transparent as they struggle to stay afloat and free up working capital trapped in their g

Finance 98

Finance accounting and finance auditor accounting standards 98

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

RogerRossmeisl

JANUARY 5, 2022

Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation from sales-related commissions. To attract and retain top talent, some companies even allow employees to earn unlimited commissions. Unfortunately, some commission-compensated employees may be tempted to abuse this system by falsifying sales or rates.

CPA 167

CPA Sales Retail 167

GrowthForceBlog

JANUARY 7, 2022

6 min read. Left to develop of its own accord, it's easy for a company's culture to go awry. Focused solely on the bottom line, business leaders can lose sight of the very traits that make a business attractive and valuable to customers and a workplace attractive and valuable to employees: company culture.

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AccountingDepartment

JANUARY 6, 2022

When it comes to outsourcing a business's accounting and bookkeeping, there is no wrong time. Every time is the right time because that just means the business will benefit from the advantages of working with an outsourced accounting and bookkeeping service provider sooner.

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bookkeeping services bookkeeping business accounting accounted 79

ThomsonReuters

JANUARY 6, 2022

U.S. Department of Labor Supplemental Statement on Private Equity in Defined Contribution Plan Designated Investment Alternatives (Dec. 21, 2021); DOL News Release 21-2132-NAT (Dec. 21, 2021). Statement. News Release. The DOL has issued a statement that supplements its 2020 information letter regarding designated investment alternatives with a private equity component (see our Checkpoint article ).

accounted 97

accounted accountant Account Tax 97

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

RogerRossmeisl

JANUARY 5, 2022

You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross income. Plus, medical expenses are deductible only if you itemize, which means that your itemized deductions must exceed your standard deduction.

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Tax tax return Hospitality CPA 166

Withum

JANUARY 6, 2022

Government 75

Government 75

DMCL

JANUARY 6, 2022

We’re excited to announce four new additions to our partnership effective January 1, 2022. From home grown talent to recent team additions, each of these individuals has demonstrated exceptional skills and leadership, and we’re excited to see them continue to grow in the next chapter of their careers. Please join us in congratulating Jay Park , John Yeum , Marcus Brandt and Travis Knapton !

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5 Minute Bookkeeping

JANUARY 6, 2022

Starting a bookkeeping business is fulfilling, but it’s not without challenges. A lot goes into building a bookkeeping business from the ground up, and there are sure to be some missteps. The good news is that you don’t have to make the same mistakes I did. That’s why I’m sharing the biggest mistakes I made in my bookkeeping business and how you can avoid them.

bookkeeping 52

bookkeeping bookkeeping services Start-ups accountant 52

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

ThomsonReuters

JANUARY 6, 2022

2021 Form 5500, Schedules, and Instructions; Revision of Annual Information Return/Reports, 29 CFR Part 2520, 86 Fed. Reg. 73976 (Dec. 29, 2021). Form 5500 Series. Final Forms Revisions. News Release. The DOL, IRS, and PBGC have released informational copies of the 2021 Form 5500 series, including schedules and instructions. The 2021 instructions include certain changes that the DOL proposed in September 2021 (see our Checkpoint article ) and has now finalized.

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financial statements accounted Account accountant 52

FraudFiles

JANUARY 4, 2022

In this video, Tracy Coenen talks about the securities fraud cases that might need the assistance of a forensic accountant.

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forensic accounting Account accounted accountant 52

Simple Accounts

JANUARY 3, 2022

Freelancers are the boss, employer, employee, assistant, and everything rolled into one. Being a freelancer is not an easy job, it demands consistency, hard work, proper management abilities, and more. A freelancer could be a jack of all trades and a master of one. Freelancers choose the career according to their expertise in the field. You are an expert in your industry, but you also serve as your own advertiser, manager, accountant, and more. . 4 Reasons why freelancers need an accounting ass

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AccountingDepartment

JANUARY 3, 2022

AccountingDepartment.com is the leader in outsourced accounting, bookkeeping, controller, and advisory services. We are the largest and most experienced outsourced provider in the country and serve businesses nationwide with our 100% U.S-based team of professionals.

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bookkeeping accounted Account accountant 52

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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.