TaxConnex

SEPTEMBER 30, 2021

Last week we talked about all of the different filing frequencies and deadlines you have to manage with your sales tax obligation. If you missed that – check it out! But what happens if you accidentally miss one of those deadlines, or you didn’t realize your deadline had changed? T rying to meet your sales tax obligations across many different states confronts you with a head-spinning assortment of deadlines and filing frequencies.

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Sales Tax Maryland tax return 246

BurklandAssociates

SEPTEMBER 28, 2021

How Much More Should I Charge Monthly SaaS Contracts? One of the most overlooked benefits of a subscription business model is the positive cash flow impact of having annual contracts Read More. The post Monthly SaaS Contracts vs. Annual appeared first on Burkland.

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xendoo

OCTOBER 1, 2021

Falling a little behind in your books is no big deal. After all, you can always catch up tomorrow, right? But how many “tomorrows” in a row does it take before you lose control over your incoming and outgoing expenses? . Before long, your overdue books are hanging over your head like that project you forgot to complete in middle school. If your hands are already sweaty from the mere thought of catching up on your books, you’re not alone.

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RogerRossmeisl

SEPTEMBER 26, 2021

As posted to the Naomi Brockwell YouTube Channel on 4/30/21 (Run Time: 8 min, 13 sec) In this informative video from her Privacy Series, Naomi Brockwell compares the most popular browser options available to help you make an informed decision as to which will work best for your personal situation. With web browsers being your interface to the Internet, it is not surprising that they become the target of companies or hackers who want to collect information about you.

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CPA cpa firm Technology 210

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

SEPTEMBER 28, 2021

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax. But this is not always the case. In fact, many states impose sales and use tax on services provided by the technology industry.

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Technology Sales Tax audit 245

SMBAccountant

SEPTEMBER 29, 2021

You may have noticed a new name popping up on emails from our office in the last few months. That’s right, the SMB team has recently grown by another member, and we thought it was finally time to formally introduce her! Caitlin Wyatt joined the team this past July as a bookkeeper. She has been helping with much of the behind-the-scenes administrative tasks at SMB, as well as helping with monthly reconciliations, running payroll, and learning how to build DCAA compliant budgets, to name a few thi

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Florida bookkeeping Healthcare payroll 130

RogerRossmeisl

SEPTEMBER 27, 2021

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was: $411,200 in the Northeast, $275,300 in the Midwest, $305,200 in the South, and $508,300 in the West. Be aware of the tax implications if you’re selling your home or you sold one in 2021.

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Tax income tax CPA Sales 207

CTP

SEPTEMBER 29, 2021

At the end of 2020, the IRS announced important changes to their compliance rules for partnerships. Starting with tax year 2020, partnerships must report their capital accounts using the tax basis method. Capital accounts show the equity in a partnership owned by each partner, including items like initial contributions made by each partner, business profits […].

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MazumaBusinessAccounting

SEPTEMBER 30, 2021

A new podcast launch and a $10,000 giveaway—there’s no question that Mazuma USA has an exciting grand finale planned for their 10-year anniversary. On October 11, 2021, Mazuma will launch Keep Going , a podcast that shares the struggles, insights, and everyday triumphs of business owners. In addition, Mazuma plans to give away $10,000 to help one business owner on their own business journey. “As we geared up for this 10-year milestone, we kept thinking about our journey to this point

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Start-ups business accounting Account accounted 98

RLLeaders

SEPTEMBER 28, 2021

I recently had the opportunity to attend my first conference in-person since the start of the pandemic last March. Held concurrently with the United Nations General Assembly, the Concordia Summit was founded ten years ago. I was honored to sit on a panel and attend several others, making some great connections throughout. Over the course of the event a number of thoughts occurred to me that serve as both timely reminders for all of us, and prompts to expand our thinking in the weeks and months a

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Government Start-ups Technology 97

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.

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RogerRossmeisl

SEPTEMBER 28, 2021

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are the main tax benefits: Contributions made to an HSA are deductible, within limits, Earnings on the funds in the HSA aren’t taxed, Contributions your employer makes aren’t taxed to you, and Distributions from the HSA to cover qualified

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AccountingDepartment

SEPTEMBER 27, 2021

Many businesses have in-house accounting departments because this was simply the norm for years past. With new levels of technology and the ability for businesses to save money, be more efficient and improve their accounting accuracy, the benefits of outsourced accounting are becoming more recognized. As businesses grow, many are making the switch.

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Account accounted accountant Technology 83

GrowthForceBlog

SEPTEMBER 29, 2021

8 min read. Whether you're operating as CEO of your own company or have been hired as CEO of an established business, congratulations on getting the top job- a major accomplishment in its own right. However, just because you've made it to the top position doesn't mean you've succeeded yet.

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SkagitCountyTaxServices

SEPTEMBER 29, 2021

There is a LOT of smoke emanating from Congress right now. As usual, with Congress, there are always rumors and mutterings — what matters is what is actually signed into law. And we’ll keep you up to date on what you might need to know. But speaking of Congressional acts that have been signed into law … Wouldn’t it be great to get money for just having kept your Skagit County employees afloat during the last rough-as-nails year or so?

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Tax payroll payroll tax CPA 81

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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

RogerRossmeisl

SEPTEMBER 27, 2021

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle. Cents-per-mile vs. actual expenses First, note that separate depreciation calculations for a passenger auto only come into play if you choose to use the actual expense

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Tax CPA cpa firm business tax 160

Withum

SEPTEMBER 29, 2021

There are many ways of donating to charities and getting a tax deduction. Here is a short list of some of them.

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Tax 95

Patriot Software

SEPTEMBER 29, 2021

With direct deposit being the most popular payment method for employees, you may decide to jump on the bandwagon at some point. But if you’ve never paid employees via direct deposit before, you probably have a few questions about the setup process. To ensure your direct deposit is ready to roll, learn how to set […] READ MORE.

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payroll 70

AccountingDepartment

SEPTEMBER 30, 2021

Many larger and older businesses typically already have an ERP system in place. However, sometimes these systems were put in place before the internet and as you may have guessed, are severely outdated. Many of these older systems have years and years of updates that must be done manually by the user, so there is no guarantee that these systems are up-to-date.

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NetSuite bookkeeping Account accounted 66

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

RogerRossmeisl

SEPTEMBER 30, 2021

At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not quite. Financial experts also consider the profits the business lost because of the fraud — and weigh different methods of computing damages. The appropriate approach Experts typically use either the benefit-of-the-bargain or out-of-pocket approach to calculate damages.

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CPA 158

ThomsonReuters

SEPTEMBER 30, 2021

QUESTION: We’ve heard that our group health plan’s provider directories will be subject to specific transparency requirements. What are they, and when do they apply? ANSWER: For plan years beginning in 2022, a group health plan is required to establish a database on its public website that contains a list with directory information for each health care provider and facility with which it has a direct or indirect contractual relationship for furnishing items and services.

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Tax Account accounted accountant 59

Withum

SEPTEMBER 28, 2021

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Generate Accounting

SEPTEMBER 30, 2021

The government has extended the COVID-19 Business Debt Hibernation (BDH) scheme until 31 October 2021 in response to the pressures placed on businesses during the pandemic. Businesses who qualify to use the BDH scheme can buy up to six months grace in order to pay their creditors and have time to address their cash flow difficulties. At a high level, the scheme: allows for businesses to set up an arrangement to pay their existing debts; gives the business a month to set up the arrangement and is

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Government Account accounted accountant 52

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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.

RogerRossmeisl

SEPTEMBER 26, 2021

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers. Overview Beginning 11/1/21, and ending 11/30/21, the California Department of Tax and Fee Administration (CDTFA) will be accepting applications through their online reservation system for qualified small business employers to reserve $1,000 per net increase in qualified employees, not to exceed $150,000.

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Maine California business tax Tax 154

ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season. A new episode of Thomson Reuters Tax & Tech Talks podcast shares tips and best practices for streamlining operations and navigating this unprecedented tax season.

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LSLCPAs

SEPTEMBER 30, 2021

Inventory Control Tips for Manufacturers, Wholesalers, and Distributors Inventory management is a critical component of running a successful manufacturing, wholesaler, or distribution enterprise. Many great software programs, integrated scanning tools, and apps will provide the technology to record the details and create efficient workflows. But as with any tools, they need good input data to.

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Manufacturing cpas Technology California 52

Generate Accounting

SEPTEMBER 30, 2021

The government has extended the COVID-19 Business Debt Hibernation (BDH) scheme until 31 October 2021 in response to the pressures placed on businesses during the pandemic. Businesses who qualify to use the BDH scheme can buy up to six months grace in order to pay their creditors and have time to address their cash flow difficulties. At a high level, the scheme: allows for businesses to set up an arrangement to pay their existing debts; gives the business a month to set up the arrangement and is

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Government Account accounted accountant 52

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.

RogerRossmeisl

OCTOBER 1, 2021

(This is Blog Post #1104). The post Using Fine Art to Launder Money? appeared first on Roger Rossmeisl, CPA.

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CPA 198

ThomsonReuters

SEPTEMBER 30, 2021

Condry v. UnitedHealth Group, Inc., 2021 WL 4225536 (9th Cir. 2021). Available at [link]. This appeal was brought by health plan participants who were denied coverage for lactation support and counseling services provided by out-of-network providers. The trial court previously overturned the plan’s denial of coverage for participants who lacked adequate access to in-network services, but upheld the plan’s adverse determination for participants who sought out-of-network care even though they cou

Tax 52

Tax Account accounted accountant 52

DMCL

SEPTEMBER 28, 2021

DMCL Chartered Professional Accountants recently partnered with the Greater Vancouver Food Bank as a presenting sponsor in their first-ever annual golf tournament: Fore for Food – A Day of Golf. Our partners Brad Allen, Michael Auras , Steve Leung , and Fraser Ross were proud to join the event on behalf of DMCL and support this essential organization.

Account 52

Account accounted accountant 52

xendoo

SEPTEMBER 28, 2021

Keeping up with the books is more than mere paperwork. Maintaining clear financial records can keep your business running smoothly and efficiently, all while providing you with a clear picture of the health of your business. . Chances are that your time is too valuable to spend clicking around in QuickBooks. But can you really afford the cost of modern bookkeeping services ?

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.