TaxConnex
NOVEMBER 16, 2021
The explosive growth of online sales means that state and local governments are searching for ways to recoup the tax revenue that they have determined they are owed. Between the second quarter of 2020 and the second quarter of 2021, online sales in the United States grew by 28 percent. States are eager to take a portion of these sales and include them in their general tax revenues.
SMBAccountant
NOVEMBER 17, 2021
Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood. One of the most common errors is derived from posting expenses as cash comes out of the bank.
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RogerRossmeisl
NOVEMBER 16, 2021
Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting is a type of social engineering that tricks people into visiting websites they didn’t intend to visit. These schemes can harm both consumers and the businesses whose names are abused.
PANALITIX
NOVEMBER 18, 2021
RESOURCES / ARTICLES. Should You Be Using More Video In Your Firm’s Communication Strategy? PART 1. Video is the most powerful way to communicate your message today. And according to Wyzowl ’s 2021 State of Video Marketing Report, the pandemic has led us to consume more video than ever before. Here are a few other statistics from that study: 1. When consumers were asked about how they’d most like to learn about a product or service: 69% said they’d want to watch a short video. 18% said they’d l
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.
TaxConnex
NOVEMBER 18, 2021
Most businesses don’t set out to be non-compliant with sales tax, or anything for that matter. In fact, you probably have the best of intentions of meeting your sales tax obligations in the future. But what about sales tax liability from prior months? Prior-period liability can be extremely costly as states and jurisdictions crack down on non-compliance.
BurklandAssociates
NOVEMBER 16, 2021
$100 Billion in TAM. $5 million ARR. 5.6 LTV to CAC ratio. $34,000 contract value. Huh? Exactly. These are metrics we hear and see all the time related to raising Read More. The post Pitch Deck Math: Telling Your Startup’s Story with Metrics appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PANALITIX
NOVEMBER 17, 2021
RESOURCES / ARTICLES. Should You Be Using More Video. In Your Firm’s Communication Strategy? PART 1. Video is the most powerful way to communicate your message today. And according to Wyzowl ’s 2021 State of Video Marketing Report, the pandemic has led us to consume more video than ever before. Here are a few other statistics from that study: 1. When consumers were asked about how they’d most like to learn about a product or service: 69% said they’d want to watch a short video. 18% said they’d
MyIRSRelief
NOVEMBER 19, 2021
If you’re like most, then taxes are probably not your favorite thing in the world. But at the end of the year it’s always good to make sure that you don’t miss out on any deductions or credits – because let’s face it, money is tight and every dollar counts. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe.
ThomsonReuters
NOVEMBER 18, 2021
QUESTION: What is an excepted benefit HRA (EBHRA)? ANSWER: EBHRAs are limited-dollar HRAs that qualify as excepted benefits and thus are not subject to the PHSA mandates. They can be offered by employers of any size that want to provide an account-based supplement to their group health coverage without being constrained by the requirements for integrated HRAs.
RogerRossmeisl
NOVEMBER 17, 2021
Despite the business community’s rapid adoption of digital payment methods, some companies continue to rely on paper checks. But there’s a long-standing problem with checks: They make businesses vulnerable to several damaging types of fraud, including check kiting. Here’s how the scheme works. Riding the float In a check kiting scheme, the perpetrator takes advantage of the “float,” or the time between when a check is deposited and when the bank collects funds on the check.
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.
Withum
NOVEMBER 17, 2021
This Thursday, November 18, I will be presenting a program for the East Brunswick Public Library Take a Business Break series on How to manage unmanageable debt from Noon to 1:00 PM. The program is Free, courtesy of the Library and Withum.
xendoo
NOVEMBER 19, 2021
Tracking business expenses is one of the smartest things you can do to take control of your company’s finances. With better organization, you’ll find that your business is more streamlined and profitable, and you’ll be dealing with fewer headaches when tax season rolls around. . If you ever find yourself facing an IRS audit, proper tracking provides the documentation you need to validate your income and deductions.
CalCPA
NOVEMBER 15, 2021
To claim the Main Street Small Business Tax Credit II Credit, taxpayers must obtain a tentative credit reservation before Nov. 30. The credit. The post Reminder: Main Street Small Business Tax Credit II appeared first on Hot Topics.
RogerRossmeisl
NOVEMBER 16, 2021
Are you considering a relocating to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget to factor in state and local taxes. Establishing residency for state tax purposes may be more complicated than it initially appears to be.
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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.
AccountingDepartment
NOVEMBER 16, 2021
Driver-based planning is a type of management that zeros in on a company's key value drivers and key business drivers. It helps create budgeting and business plans based on these factors. The goal of this type of planning is to center on the factors that are important to fueling success. Mathematical models can be created to project business. Driver-based planning is helpful for finance executives when they are planning long-range strategic strategies.
GrowthForceBlog
NOVEMBER 19, 2021
6 min read. What Are the Responsibilities of a Post-Pandemic CEO? CEOs should take a careful look at what is actually needed from them in their businesses to adjust their behaviors and take up these new roles.
Withum
NOVEMBER 19, 2021
RogerRossmeisl
NOVEMBER 16, 2021
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs. Here are the important tax benefits: Contributions that participants make to an HSA are deductible, within limits.
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
AccountingDepartment
NOVEMBER 18, 2021
Going into 2021, planning for what was to come was uncertain, but as the year progressed, many companies found themselves growing rapidly as the world got back on its feet. However, in order to succeed and continue to succeed in today's landscape, businesses should put focus on three critical best practices going into the coming year(s).
GrowthForceBlog
NOVEMBER 18, 2021
6 min read. As we slowly inch into the new year, 2021 will go down in history as The Year Of The Great Resignation.
SchoolofBookkeeping
NOVEMBER 19, 2021
As a QuickBooks ProAdvisor, we often are asked to provide quotes for a setup or clean-up project. Let’s say you have a prospect call and ask “how much would you charge to get my books caught up for the year?” You have to consider if you have enough hours built in to cover your time. Quite often it’s really difficult to predict until you get in a file.
RogerRossmeisl
NOVEMBER 17, 2021
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved in these transactions. Donating to charity Normally, if you take the standard deduction and don’t itemize, you can’t claim a deduction for charitable contributions. But for 2021 under a COVID-19 relief law, you’re allowed to claim a limited deduction on your tax return for cash contributions made to qualifying charitable organizat
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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.
ThomsonReuters
NOVEMBER 19, 2021
We live in a culture where free stuff is expected, especially when it comes to the internet. From finding ways to download music to sharing Netflix passwords to searching for advice, we all are guilty of taking advantage of the speed and convenience the online world brings. . Far too often, however, search results are treated with absolute truth as most of us lack the time or skills to decipher whether information is accurate.?
LSLCPAs
NOVEMBER 18, 2021
Don’t let your 401(k) plan fail the compliance tests! One excellent reason is to keep as much money in the plan as possible—especially for the Highly Compensated Employees (HCEs), which is probably you if you’re reading this. When we talk about the failure of a 401(k), it usually means the plan is not in “compliance,”. The post Failure-Proof Your 401(k) Plans – Make Sure You’re in Compliance appeared first on LSL CPAs.
SchoolofBookkeeping
NOVEMBER 19, 2021
We often get calls from customers asking for support, and before there has been a full analysis of the project, they ask for a quote. This is easy for a brand new clean setup. Our rule of thumb to determine the estimated support cost is to charge two to three times the annualized cost of your software. However, if the job requires clean up from a bad setup, the cost for support can be at least double that.
RogerRossmeisl
NOVEMBER 18, 2021
The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses. Before putting your business on the market, it’s important to prepare it for sale. Here are six steps to consider. Clean up the financials Buyers are most interested in an acquisition target’s core competencies, and they usually prefer a clean, simple transaction.
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.
ThomsonReuters
NOVEMBER 18, 2021
HHS, Adjustment of Civil Monetary Penalties for Inflation and the Annual Civil Monetary Penalties Inflation Adjustment for 2021, 45 CFR Part 102, 86 Fed. Reg. 62928 (Nov. 15, 2021). Available at [link]. HHS has announced adjustments of civil monetary penalties for statutes within its jurisdiction. The latest amounts are based on a cost-of-living increase of 1.01182%.
SkagitCountyTaxServices
NOVEMBER 17, 2021
If your Skagit County business sells a lot online, then we’re coming into the most wonderful time of the year. And this year, your customers will probably shop your website (and elsewhere online) EARLY in order to bypass all those supply-chain snafus. Cha-ching for you. Just don’t forget the taxman – and we don’t mean the IRS. We mean the sales tax in states where you sell your stuff.
SchoolofBookkeeping
NOVEMBER 17, 2021
At schoolofbookeeping, we know first hand how Small Business is the backbone of our country. Small local businesses pouring the blood, sweat, and tears into making their dream a reality. The pride of accomplishment when the door opens, or the job is completed, is second to none. These are our friends, our neighbors, our community. Small business connects with our local economy so much more than any other type of business.
RogerRossmeisl
NOVEMBER 18, 2021
The holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties again after a year of forgoing them due to the pandemic. It’s a good time to brush up on the tax rules associated with these expenses. Are they tax deductible by your business and is the value taxable to the recipients?
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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.
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