TaxConnex
NOVEMBER 5, 2020
This article was written for the Atlanta Business Chronicle Leadership Trust. To see the original post, click here. If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Whether you manage it all internally, work with a CPA, or use an outsourced provider or technology, you know that there are many moving parts.
RogerRossmeisl
NOVEMBER 5, 2020
Are you having difficulties understanding the passive activity rules? Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? If the ventures are passive activities, the passive activity loss rules prevent you from deducting expenses that are generated by them in excess of their income. You can’t deduct the excess expenses (losses) against earned income or against other nonpassive income.
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TaxConnex
NOVEMBER 3, 2020
There’s always something changing or new going on in the world of tax, especially sales tax. Here’s a review of some of the changes and updates that were announced in the last few months. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. 1. Arizona’s threshold for Transaction Privilege Tax (TPT) e-filing and paying lowers to $500 as of Jan. 1, 2021.
SMBAccountant
NOVEMBER 4, 2020
When operating a small business, sometimes it is easy to avoid administrative tasks that seem unnecessary for a business of your size, such as implementing a total quality management plan. Though it may feel excessive in the beginning, that is exactly when you want to start! It is much easier to build a program as you grow rather than try to implement one later.
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.
PYMNTS
NOVEMBER 5, 2020
As the B2B commerce landscape innovates, it is continually after that "Amazon-like" experience forged in the consumer commerce world. But for B2B vendors and suppliers, the unique needs of corporate customers cannot be ignored, making a consumer-like buying experience particularly complex. Pricing and payments are two key areas that tend to look vastly different in the B2B world than in the consumer arena.
RogerRossmeisl
NOVEMBER 1, 2020
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. Here’s how to survive an IRS audit. In fiscal year 2019, the IRS audited approximately 0.4% of individuals. Businesses, large corporations and high-income individuals are more likely to be audited but, overall, all types of audits are being conducted less frequently than they
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
NOVEMBER 6, 2020
Vertical SaaS has been gaining traction across industries, with companies offering customized solutions built on in-depth sector expertise. Burkland recommends Flavors of SaaS at Allied Advisers for an in-depth look at Vertical Read More. The post Vertical SaaS vs. Horizontal SaaS – A Look From Allied Advisers appeared first on Burkland.
PYMNTS
NOVEMBER 3, 2020
There’s no shortage of pain points to catalog from the past six months: A global pandemic, worldwide economic disruption, record-breaking unemployment, an invasion by murder hornets — the hits never seem to stop. But the running theme through all of the frustration that 2020 has created is uncertainty and the feeling that one never quite knows what’s going to happen next.
RogerRossmeisl
NOVEMBER 6, 2020
October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to the COVID-19 pandemic.) Now that you’re finally done filing last year’s return, you might wonder: Which tax records can you toss once you’re done? Now is a good time to go through old tax records and see what you can discard.
Withum
NOVEMBER 4, 2020
A frequent question I get from clients that want to sell their business is “What can I expect to net from selling my business?” That’s a good question, but a better question might be “What cash flow can I expect from what I net from selling my business?”.
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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.
SMBAccountant
NOVEMBER 4, 2020
When operating a small business, sometimes it is easy to avoid administrative tasks that seem unnecessary for a business of your size, such as implementing a total quality management plan. Though it may feel excessive in the beginning, that is exactly when you want to start! It is much easier to build a program as you grow rather than try to implement one later.
PYMNTS
NOVEMBER 4, 2020
From concept to pilot to corporate payment game changer. Umar Farooq , CEO of J.P. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. The conversation took place against the backdrop where, late last month, J.P.
RogerRossmeisl
NOVEMBER 1, 2020
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you should know that there may be relief available if the IRS comes after you for certain past-due taxes. so-called innocent spouse tax liability relief. What’s “joint and several” liability? When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full tax amount on the couple’s combined income.
Withum
NOVEMBER 3, 2020
Today we vote (or finalize the voting) for the members of the Electoral College who are pledged to follow the popular vote for President and Vice President in their state. The winner of the popular vote in each state determines who gets all of that state’s votes regardless of the closeness of the vote; there is no splitting of the electoral votes.
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.
FusionCPA
NOVEMBER 2, 2020
You need to be careful when it comes to your real estate investment firm accounting. The way that you do your real estate investment firm bookkeeping either hinders or allows you to analyze your business’s financial health. If you are not experienced in bookkeeping or using real estate CPAs , it is recommended that you spend a great deal of time becoming familiar with the capabilities of your QuickBooks Online account before you get started.
PYMNTS
NOVEMBER 3, 2020
Among the segments affected by the pandemic, air travel remains near the top of the list when it comes to industries that have been hard hit. And hopes for recovery have been dimmed as of late by the recent uptick in COVID-19 cases, which has further dimmed prospects for consumers regaining their enthusiasm or flying the friendly skies. In the last week, in the midst of rising EU cases , airline giant IAG — owner of British Airways , Iberia and Vueling — has officially scaled back its fourth qua
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.
Katz,Sapper&Miller
NOVEMBER 3, 2020
As the Paycheck Protection Program has evolved, borrowers have become increasingly anxious as program parameters have seemingly changed mid-stride. With its recent introduction of the loan necessity questionnaires, the U.S. Small Business Administration continues to surprise borrowers with new requirements after loans have been issued.
PYMNTS
NOVEMBER 3, 2020
In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data. Zelle Says P2P Payments Top One Billion Transactions.
ThomsonReuters
NOVEMBER 5, 2020
Final Rule: Financial Factors in Selecting Plan Investments, 29 CFR Parts 2509 and 2550, 85 Fed. Reg. __ ( __, 2020). Final Rule. DOL Fact Sheet. DOL News Release. The DOL has released the final version of its amended rules regarding the investment duties of ERISA plan fiduciaries. The amended rules respond to growth in the market for investments that consider environmental, social, corporate governance (ESG), and similar nonfinancial factors.
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.
AccountingDepartment
NOVEMBER 3, 2020
We often hear prospective clients come to us explaining they are in need of clean financials. Interestingly, this is not a technical term—but its use is so widespread that it often seems to be. So we sat down with AccountingDepartment.com’s Senior Implementation Controller, Jennie Hoffman, CPA to discuss what she thinks clients really mean when they say clean financials—and what they should actually be asking for instead.
PYMNTS
NOVEMBER 3, 2020
A massive spike in fraud of all kinds has taken businesses by surprise and left them scrambling for solutions, Trulioo Chief Operating Officer Zac Cohen told Karen Webster in a recent conversation. It’s a testament to how fast the ground has moved beneath them, he said. It’s not that these entities didn’t have protection in place and weren’t thinking about the issue pre-COVID.
Katz,Sapper&Miller
NOVEMBER 2, 2020
Missed charges are an unfortunate fact of life at veterinary practices. Even if they have the best of intentions, few hospitals can claim a 100% capture rate. Billing mistakes are guaranteed to happen from time to time. But what makes missed charges such an insidious problem is how easy it is to underestimate the scope.
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
SkagitCountyTaxServices
NOVEMBER 4, 2020
Apparently there’s some news happening around us in Skagit County these days. I often use this space to share Mount Vernon-specific, detailed information about PPP forgiveness, tax code updates, leadership and marketing strategy, expense reduction, and more — all essential topics for business owners and their teams here in Skagit County, and beyond.
PYMNTS
NOVEMBER 2, 2020
To remove the frictions inherent in B2B transactions, there will be no one rail to rule them all to connect corporates as they transact. But in pursuit of the ultimate goal of bringing buyers and suppliers together more seamlessly, there are many ways to get there. Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview.
ThomsonReuters
NOVEMBER 5, 2020
As the clock on Brexit continues to wind down, negotiators from the United Kingdom (UK) and European Union (EU) keep insisting it is still possible to sign a free trade agreement (FTA) by the end of the year, even though deadline after deadline passes with little or no evidence that a deal can in fact be reached. If no agreement materializes, after January 1, 2021, trade between the UK and countries in the EU will no longer be governed by the EU’s Single Market and Customs Union rules.
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