RogerRossmeisl
APRIL 7, 2021
Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. If you or your attorney suspects this type of deception, engage a forensic accountant to investigate. Key questions When working on divorce cases, fraud experts ask several questions about private business interests.
AccountingDepartment
APRIL 8, 2021
When it comes to selecting an outsourced accounting department to work with your company, you want to make sure you're making the right decision— the first time. There are many options to choose from and we have found that most quality outsourced accounting departments share 3 common traits across the board. If you're shopping for a new outsourced accounting service, be sure that the company you are looking at encompasses these traits.
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BurklandAssociates
APRIL 6, 2021
Howie Diamond is a Co-Founder and Managing Partner of Alpha Bridge Ventures. Howie recently joined Burkland’s Ruben Austin for a discussion about diversity in venture capital and startups. Q: Please Read More. The post Diversity in Venture Capital & Startups, a Conversation with Alpha Bridge Ventures appeared first on Burkland.
TaxConnex
APRIL 8, 2021
Of the 50 states, 45 (plus DC) charge a state-wide sales tax. Two of those states that have a state-wide sales tax, Missouri and Florida, have yet to adopt economic nexus standards set by the 2018 South Dakota v. Wayfair case. At least for now. Spurred by the pandemic’s impact on revenue in 2020, lawmakers in Florida and Missouri are expected to soon pass regulations that would require out of state businesses selling into the state to collect and remit sales tax.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
RogerRossmeisl
APRIL 8, 2021
Are you thinking about buying or replacing a vehicle that you’ll use in your business? If you consider a heavy SUV, you may be able to benefit from lucrative tax rules for those vehicles. Bonus depreciation Under current law, 100% first-year bonus depreciation is available for qualified new and used property that’s acquired and placed in service in a calendar year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
APRIL 6, 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. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it.
RogerRossmeisl
APRIL 5, 2021
Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons why. The biggest advantage of an S corporation over a partnership is that as S corporation shareholders, you won’t be personally liable for corporate debts.
GrowthForceBlog
APRIL 6, 2021
6 min read. One of the biggest misconceptions of the Nonprofit world is that corporations and larger foundations are the biggest givers. In fact, it’s actually the complete opposite- over 70% of donations come from individual donors [1].
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
ThomsonReuters
APRIL 9, 2021
ARPA established a 100% COBRA premium subsidy for continuing health coverage between April 1, 2021 through September 30, 2021. You may already be familiar with the term COBRA premium subsidy. A similar program was created during the Great Recession from 2007 to 2009 when the unemployment rate soared to over 9%. The American Recovery and Reinvestment Act of 2009 (ARRA) allowed workers who involuntarily terminated to be eligible for health coverage for up to 15 months at a reduced rate through a C
AccountingDepartment
APRIL 9, 2021
DCAA is short for Defense Contract Audit Agency. If your business seeks or has obtained government contracting work, your organization must establish DCAA compliance. The entirety of your business processes as well as your systems must be fully compliant with DCAA requirements.
CapataCPA
APRIL 8, 2021
Deducting Meals and Entertainment Expenses While the Tax Cuts and Jobs Act (TCJA) of 2017 eliminated many deductions for business meals and entertainment, there are still some deductions available. Most of the deductions are in the form of business meals, but there are select exceptions of when a business can also deduct entertainment expenses. There have been two developments.
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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.
ThomsonReuters
APRIL 8, 2021
FAQs About COBRA Premium Assistance Under the American Rescue Plan Act of 2021 (Apr. 7, 2021); Model ARP General Notice and COBRA Continuation Coverage Election Notice; Model COBRA Continuation Coverage Notice in Connection With Extended Election Periods; Model Alternative Notice of ARP Continuation Coverage Election Notice; Model Notice of Expiration of Period of Premium Assistance; Summary of COBRA Premium Assistance Provisions Under the American Rescue Plan Act of 2021.
AccountingDepartment
APRIL 3, 2021
You don't have to have an accounting degree to make wise business decisions. Entrepreneurs running a start-up, corporate department managers, and small business owners need enough bookkeeping knowledge to understand basic financial statements. Financials help you keep a watchful eye on the financial strength and performance of your organization. And, they help you spot potential problems early enough to make adjustments to your purchasing and spending habits before they become detrimental to suc
KROST
APRIL 9, 2021
Pasadena, CA. – KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax , accounting , consulting, assurance and advisory , M&A and capital markets , corporate tax incentives , and wealth management.
Patriot Software
APRIL 7, 2021
The closer summer gets, the more teens begin looking for jobs—and, they might be applying to work for you. The Fair Labor Standards Act (FLSA) sets specific rules for hiring teens and children. Know the minor employment laws before you take on a minor employee. To learn more about the labor laws for minors seeking […] READ MORE.
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?
CTP
APRIL 6, 2021
Here is a common misconception: if a task is simple, it isn’t valuable. Don’t take this misconception lightly, as it can have huge implications regarding how you promote your business and the value you create. Pricing and effort are often (but not always) aligned. A painter, for instance, will charge a lot more to paint […]. The post Forget about “Simple” appeared first on certifiedtaxcoach.
AccountingDepartment
APRIL 5, 2021
Most business professionals understand cash basis and accrual basis accounting on a surface level. However, precious few people have a comprehensive understanding of what each of these accounting terms means and how they differ from one another. Furthermore, understanding these accounting methods is not enough in itself. What matters most is that you implement the optimal method for your unique business.
ThomsonReuters
APRIL 7, 2021
Private companies, whether you’re looking to value your business in preparation for a sale, to help raise debt or equity funding, for some other business purpose, or simply for your own edification, you’ve probably found that the valuation process isn’t an exact science and is rather intimidating. This post focuses on a private company valuation approach intended to help you secure debt funding in the face of the COVID-19 pandemic , to drive home the point that now’s the time, private companies,
Withum
APRIL 7, 2021
”Diamonds” are sometimes used to refer to something that is a precious gem that is not actually tangible. That is what Jamie Dimon, Chairman and CEO of JPMorgan Chase’s letter to shareholders is. A precious gem. A diamond. I recommend his letter as a must-read for anyone interested in getting a better understanding of the issues confronting the health, economy and social landscape of the United States.
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!
LyfeAccounting
APRIL 8, 2021
It’s true…. In most of our previous posts, we’ve been busy revealing all of the ways to help you save on taxes and claim every deduction and tax credit as much as you can. Now, we want to help you avoid an IRS audit! Although your chances of being audited in general are pretty low, there are certain IRS audit red flags that increase your odds dramatically.
AccountingDepartment
APRIL 8, 2021
As a business owner, the balance sheet is one of the most important documents you can use to evaluate the financial health of your company and make key decisions. Unfortunately, because some business owners may not fully understand the contents of this document, they may overlook it entirely. Below is some basic information about the balance sheet, as well as some tips to help you better understand this document.
ThomsonReuters
APRIL 6, 2021
Business marketplaces are tighter and competition fiercer. People entering the workforce have different expectations than previous generations—and often more options for where they work. The workplace is becoming more technology-reliant. Businesses across all industries must evolve to keep pace with these new challenges and take advantage of the opportunities they present.
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.
inDinero Accounting
APRIL 9, 2021
You’re probably here because you have to convert your books from cash to accrual. You’re making the switch to improve your board meetings with investors, get through an annual financial statement audit, complete your series A financing, or for an IPO. Yes. Seeing the cash-in and cash-out every month is reassuring, but you’re making the change in accounting method because your company’s growth depends on it.
LSLCPAs
APRIL 8, 2021
Are you confident that your books are in order and up to date? If not, how do you get accurate books? The bookkeeper is your business’s financial foundation. And like a house, you can’t build on a shaky substructure! A great bookkeeper can give you peace of mind. A top-notch […]. The post What You Can Expect Your Bookkeeper to Do for You & Your Business appeared first on LSL CPAs.
CTP
APRIL 8, 2021
Although the focus of this post is PPP forgiveness, the loan itself is a great deal. The payment terms are phenomenal, and it can be essential to helping people get back on their feet. So even if you have clients that don’t qualify for 100% forgiveness, the interest rate is phenomenal. But loan forgiveness is […]. The post PPP Forgiveness appeared first on certifiedtaxcoach.
Withum
APRIL 7, 2021
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