Sat.Mar 19, 2022 - Fri.Mar 25, 2022

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Impacts of using a marketplace facilitator

TaxConnex

Online sellers hear an endless amount these days about “marketplace facilitators.” What are they? How can they help you? And how can they hurt? A marketplace facilitator is a platform where third-party sellers of any size and geographic area can facilitate retail sales by listing their products, while the marketplace facilitator processes payments, collects receipts and in some cases assists in shipment.

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Integrated Procurement Performance Planning and Management in Power BI

Acterys

Given the high volatility of today’s global market, prices have been consistently fluctuating across all upstream and downstream supply chain processes. As a result, demand volume prediction with comprehensive ‘what-if’ analysis for price changes has become more important than ever for supply chain management. The Role of Modern Power BI Procurement Planning Solutions.

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Surviving Due Diligence, Part 4: Quality of Earnings

BurklandAssociates

Welcome to the fourth installment of our Surviving Due Diligence series, a collection of best practices and tips to help startups successfully get through the due diligence process that precedes Read More. The post Surviving Due Diligence, Part 4: Quality of Earnings appeared first on Burkland.

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Is Captain America a Tax Cheat?

Withum

Movies tend to overlook or ignore many aspects of everyday life. While I understand that movies require us to suspend our disbelief, as a self-confessed tax nerd, I just can’t ignore the flagrant disregard of tax rules. So, with the 2021 individual tax filing deadline coming up, it had me wondering, is America’s favorite comic book and movie hero a tax cheat?

Tax 128
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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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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Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it. Somebody can: the states and tax jurisdictions themselves. Some states give?a?collection discount to help with the costs of managing sales tax.?If it sounds like free money to help cover the costs of outsourcing your sales tax compliance, it can be?

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Ecommerce Accounting 101

xendoo

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings.

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Pass-Through Entities Claiming the Employee Retention Credit May Have a Limited 199A Deduction

Withum

Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and Jobs Act of 2017 (“TCJA”) may lead to unexpected tax consequences this tax season. Just when we thought the discussion surrounding 199A was on the decline, the detailed review of the IRC and regulations could limit the 199A deduction for certain pass-through entity owners, causing their effective fe

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Increasing productivity and flow in tax and accounting firms

ThomsonReuters

When McKinsey & Company asked 5,000 executives how much more productive they are during peak performance, most respondents said it was five times more. Flow, in positive psychology, is a state of mind when a person is immersed and engaged in an activity. In other words, it’s being “in the zone.” There are many benefits to increasing productivity and flow at work.

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We’re Snitching Out Managers Who Expect You to Answer Emails After Hours Now

Going Concern

Spotted on r/antiwork via Fishbowl: Do you guys smell that? Smells like REVOLT to me. Not sure how helpful HR will be on this (remember: they exist to help the firm not you ), but hey, put some heat on ’em anyway. The post We’re Snitching Out Managers Who Expect You to Answer Emails After Hours Now appeared first on Going Concern.

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Scaling Technology As Your Business Grows

AccountingDepartment

Choosing a business application is important for new businesses and businesses that are moving away from pen & paper processes. However, a major aspect to consider when selecting a cloud-based technology solution for your business is how the application can grow as your business gets bigger.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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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Are You Sure That Expense is Deductible?

Withum

The Tax Court recently denied a deduction for an expense that the taxpayer thought was an ordinary and necessary business expense. The expense was an educational expense for a non-employee, and even though the tax law allows flexibility to taxpayers in deducting business expenses, it does have limits. The tax law regarding business expense deductions allows significant flexibility to taxpayers.

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5 client communication tips for accountants

ThomsonReuters

Psychologist and author Rollo May observed, “Communication leads to community, that is, to understanding, intimacy, and mutual valuing.”. The connection between accountants and their clients is an important relationship in the business world. Not only do clients trust their accountants with detailed — potentially embarrassing — financial secrets, they also expose many of their business decisions, including the good, the bad, and the ugly.

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Vault Consulting 50: How Did the Big 4 Do In Key Employment Categories? (2022)

Going Concern

Last month we dove into the 2022 Vault rankings of the best consulting firms to work for and the consulting firms with the most prestige , with an eye on how the Big 4 firms fared in each. Today we’re going to wrap up our coverage of the 2022 Vault Consulting 50 by looking at which consulting firms are considered the best in 20 key employment factors , such as benefits, culture, job satisfaction, and work-life balance.

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How Much Does Bookkeeping Cost For A Small To Medium Sized Business?

AccountingDepartment

Understanding virtual bookkeeping along with accounting processes is paramount to any business. Companies are moving toward virtual bookkeeping services out of convenience and cost savings. This is a more modern way of managing records for a business with the use of digitization and cloud storage. Find out more about how virtual bookkeeping services and accountants compare and which is best suited for your company at this time.

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Back to Basics with Reconciliations

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.

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E-commerce 2.0: 3 Tips for Creating an Omnichannel Strategy

Withum

Omnichannel is a buzzword often used to benchmark customer experience success in the retail industry. While businesses continue to invest in e-commerce and digital marketing today, omnichannel customer experience has become the “next step” in the e-commerce roadmap – but few know how to achieve it. Let’s explore how omnichannel can bring financial and marketing benefits and three important steps to achieve your company’s omnichannel strategy.

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How to Survive the Great Resignation

Basis 365

Technological advancements pop up on the market weekly if not daily. The recent pandemic vamped up the production of advancements across the board, with almost every industry and business feeling some sort of impact. Neglecting to take full advantage of the new shifts in consumer and business demands can be detrimental for your business. From lost customers due to staff shortages to making poor business decisions because of late or missed bookkeeping deadlines, your business will start to suffer

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Increase to Small Business Cashflow Scheme

Generate Accounting

The government recently announced an increase to the Small Business Cashflow Scheme (SBCS). This scheme is available for businesses with 50 or fewer employees. The SBCS was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. When the scheme was initially announced, businesses could draw down $10,000 plus $1,800 per full-time equivalent employee.

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Business Budget Basics Skagit County Owners Should Follow

SkagitCountyTaxServices

Well, it’s now *officially* spring. Of course, that means the end of those cold winter months and the start of warmer, longer days, but it also means the possibility of disruption and stormy weather (especially in the south this week ). And while we sure do love those flowers, we haven’t had much time to stop and smell ‘em. Especially now that we’re less than a month away from the April 18th deadline (yes, you read that right – it’s the 18th this year, because of a DC Holiday, Emancipation Day,

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Women in Labor Unions: Fireside Chat with Shirley Aldebol

Withum

In honor of Women’s History Month, Withum’s Labor Unions Services Partner, Nadia Matthie , sat down with Shirley Aldebol , Vice President of 32BJ SEIU. Shirley is assistant to the President on leadership and staff development and oversees the public schools division in the New York Metro area, which includes more than 5,000 members who work as cleaners and handypersons in New York City’s public schools.

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Homeless Guy Who Murdered Deloitte Consulting Senior Manager Michelle Go Won’t Be Going to Trial Anytime Soon

Going Concern

Martial Simon. According to published reports, psychiatrists at Bellevue Hospital in Manhattan determined after a medical evaluation that Martial Simon, the homeless man who killed 40-year-old Deloitte Consulting Senior Manager Michelle Go while she was waiting for a train inside the Times Square subway station on Jan. 9, is mentally unfit to stand trial.

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Markup vs. Margin Formula: What Business Leaders Need To Know

GrowthForceBlog

5 min read. Margin and markup are easily and often confused because both numbers deal with the cost of goods sold, revenue, and the money you actually make on a sale.

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Charitable Contributions

Dent Moses

In 2021, taxpayers who do not itemize are allowed to deduct up to $300 ($600 married filing jointly) of cash contributions made to qualifying charitable organizations. Individuals are allowed to deduct contributions to qualifying charities subject to limits based on adjusted gross income (AGI). For example, an individual’s deduction for a cash contribution to a qualifying charity is generally limited to 60% of AGI.

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Harness the Potential of Your Enterprise Knowledge

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.

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Getting Your Affairs in Order – Tool Kit

Withum

Death is inevitable but most people do not want to consider or confront it. But it also affects the survivors. People need to plan and be prepared. This Tuesday, I am presenting a free Zoom program on how to get your affairs in order. Everyone attending will be provided with a 90-page tool kit that includes 24 checklists and short briefings on pertinent issues to be aware of.

Tax 104
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You Know Things Are Bad In Public Accounting When First-Years Are Getting Dragged By Interns

Going Concern

We love a good rant—whether about public accounting in general or about a co-worker, like this one posted on Fishbowl yesterday by a Big 4 intern about a staff 1 he/she works with who sucks at Excel, won’t shut up about work-life balance (or the lack thereof), and has no desire to take the CPA exam. ICYMI: Need to vent here. I’m a busy season intern and can’t stand a January-hire staff 1 I work with on one of my engagements.

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Why Isn't My Nonprofit Successfully Raising Money?

GrowthForceBlog

10 min read. If you're struggling to raise enough money, maintain a healthy cash flow, and end each year balanced or with a surplus, then you're not alone.

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SBA Extends EIDL Deferment Period — How To Log Into Portal To Check Balance + Interest

Nancy McClelland, LLC

Last week, the Small Business Administration (SBA) made a welcome announcement for small business owners with Economic Injury Disaster Loans (EIDL) — for the third time in the past 12 months, they have announced that the deferral period for making payments on loan and interest has been extended. As Journal of Accountancy points out, “the announcement Tuesday came exactly one year after the SBA had lengthened the deferral period from 12 months to either 18 months for loans made in 2

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Solve Your Firm's Automation Complexities Once and For All

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.

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Understanding the Importance of Crypto Donations with Engiven

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Understanding the Importance of Crypto Donations with Engiven appeared first on Withum.

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Can Outsourced Bookkeeping be done effectively?

Basis 365

Outsourced bookkeeping is an option for business owners that is snowballing in popularity. Many companies have switched from in-house teams to outsourced bookkeeping since the COVID-19 pandemic. Now that offices and businesses are opening back up, the benefits to outsourced bookkeeping outweigh an in-person option so significantly that many companies are sticking with it.

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Why Female Leadership and Innovation Matter

Accounting Web

Practice Why Female Leadership and Innovation Matter.

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Improving the first impression of your online and website profiles

Mark Lee

I have never ‘swiped’ someone’s profile picture, as online dating didn’t exist when I met my wife in the 1980s. The whole concept of swiping is quite alien to me. I was curious though, so a while back, I asked a single friend to show me how the ‘swipe left’ and ‘swipe right’ business works. I realised immediately that this approach to finding a date is focused very strongly on the first impression given by online photos and the supporting ‘profile’ The same friend who showed me her d

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It Takes Two to Tango

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.