Sat.Nov 13, 2021 - Fri.Nov 19, 2021

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Understanding Affiliate Nexus and Other Forms of Physical Presence

TaxConnex

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.

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Errors in Posting Payroll

SMBAccountant

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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Typosquatters are Leading Innocent Victims Astray

RogerRossmeisl

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.

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Qualified Small Business Stock — The IRS Gives And Congress Might Take Away

Withum

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Building a Business Case for Finance Automation

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.

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Options in Mitigating Past Sales Tax Liability

TaxConnex

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.

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Should You Be Using More Video In Your Firm’s Communication Strategy? PART 1

PANALITIX

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

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Pitch Deck Math: Telling Your Startup’s Story with Metrics

BurklandAssociates

$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.

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How To Manage Unmanageable Debt

Withum

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.

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Should You Be Using More Video In Your Firm’s Communication Strategy? PART 1

PANALITIX

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

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Check Kiting is No Game

RogerRossmeisl

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.

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Fall In Love With the Month-End Close

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.

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What Is an Excepted Benefit HRA (EBHRA)?

ThomsonReuters

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.

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Tax Credits You May Claim Now

MyIRSRelief

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.

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Withum Welcomes Glick & Associates to the Firm

Withum

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Factor in Taxes if You’re Relocating to Another State in Retirement

RogerRossmeisl

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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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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The Top 8 Expense Trackers for Small Businesses

xendoo

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.

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Reminder: Main Street Small Business Tax Credit II

CalCPA

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.

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Restivo Monacelli LLP Joins its Practice with Withum

Withum

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Establishing a Health Savings Account for your Business

RogerRossmeisl

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.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Narrowing in on 2022 with Driver-Based Budgeting & NetSuite

AccountingDepartment

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.

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Culture Budget: How To Properly Invest In Your Employees

GrowthForceBlog

6 min read. As we slowly inch into the new year, 2021 will go down in history as The Year Of The Great Resignation.

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Build Back Better Act – U.S. Tax Reform Proposals

Withum

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Strategies for Donating to Charity or Gifting to Loved Ones

RogerRossmeisl

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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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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3 Best Practices to Accelerate Your Growth

AccountingDepartment

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).

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The Role of the CEO Is Changing: Here’s How You Can Prepare

GrowthForceBlog

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.

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Delays in Transparency Rule and No Surprises Act

Withum

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6 Steps to Prepare Your Business for a Sale

RogerRossmeisl

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.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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GOOD, FAST, CHEAP: PICK TWO

SchoolofBookkeeping

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.

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Why free CPE may end up costing you

ThomsonReuters

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.?

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Tax Implications of US Real Estate Ownership by Foreign Nationals

Withum

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Showing Appreciation and Gain Tax Breaks with Holiday Business Gifts and Parties

RogerRossmeisl

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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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.