TaxConnex
FEBRUARY 15, 2022
When is it worth getting a business problem off your plate? Businesses outsource tasks every day, from marketing to operations to finance. But is there more you should be outsourcing? Does it make sense to keep things in-house if you don’t have an expert on staff? A ccording to TaxConnex’s recent market survey of 100 top finance professionals, this could be the year to outsource sales tax.
AccountingDepartment
FEBRUARY 14, 2022
So you're interested in hiring a virtual bookkeeping company, but you're not sure how much making the switch will cost. When considering virtual bookkeeping, there are actually two costs to consider: the virtual bookkeeper and the accounting software. If you don't have online accounting software, you may need to acquire it alongside the virtual bookkeeping services.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Acterys
FEBRUARY 16, 2022
For every organization, FP&A mandates professionals to have first-rate analytical thinking and numerical analysis skills to interpret financial data and produce insights surrounding business performance. However, crunching numbers and compiling insights is only the first part of the process. To paint the complete picture, they need to understand how those disjointed figures come together and put them in a cohesive narrative to effectively translate insights into game-changing decisions and r
BurklandAssociates
FEBRUARY 15, 2022
Summary: LTV, or Lifetime Value of a Customer, is the average total revenue one customer generates for your business over their lifetime. CAC, or Customer Acquisition Cost, is simply the Read More. The post What’s a Good LTV:CAC Ratio for a SaaS Startup? appeared first on Burkland.
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.
xendoo
FEBRUARY 15, 2022
If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. You might need help mitigating tax exposure and ensuring tax planning, charitable giving, and other complex tax needs.
ThomsonReuters
FEBRUARY 17, 2022
N.R. v. Raytheon Co., 2022 WL 278537 (1st Cir. 2022). Available at [link]. The minor beneficiary of an employer-sponsored group health plan, with his parents, sued the employer, the plan administrator, and the claims administrator, alleging that the plan’s exclusion of non-restorative speech therapy for autism spectrum disorder (ASD) violated the Mental Health Parity and Addiction Equity Act (MHPAEA).
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
SkagitCountyTaxServices
FEBRUARY 17, 2022
Whether you’re partial to the Olympics or American football, this past week has brought some great athletic entertainment to many Skagit County homes and businesses. As we speak, the U.S. has managed to grab 16 medals – 7 of them gold. Among those gold medal winners is Erin Jackson , the first Black woman to win an Olympic medal in speedskating. And while he didn’t medal, Shaun White made his final snowboarding bow as he placed fourth in the halfpipe contest.
ThomsonReuters
FEBRUARY 17, 2022
QUESTION: We’ve heard there is a requirement to report prescription drug and health care spending to the government in 2022. What are the reporting requirements and when are the reports due? ANSWER: Year-end legislation passed in 2020 requires group health plans and insurers to annually report prescription drug and health care spending, premiums, and enrollment information to the government (see our Checkpoint article ).
AccountingDepartment
FEBRUARY 17, 2022
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
Advertisement
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.
GrowthForceBlog
FEBRUARY 16, 2022
3 min read. In 2020 alone, there were over 10,000 reports of human trafficking to the U.S National Human Trafficking Hotline - and these numbers are likely only a fraction of the actual data. [1]. To their detriment, human trafficking survivors are often left with serious mental or emotional health consequences such as depression, anxiety, and substance abuse.
Withum
FEBRUARY 18, 2022
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Act”) was signed into law on December 27, 2020. As part of the Act, the Internal Revenue Service (“IRS”) created a 4% floor on tax-exempt bonds issued after December 31, 2020 to finance new or existing buildings. The floor also applies to non tax-exempt financed acquisitions and rehabs with credit allocations after 2020.
ThomsonReuters
FEBRUARY 15, 2022
The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. If you have ever tuned in to a business news channel, you have probably heard someone mention the Consumer Price Index at some point. Recently, the high rate of inflation is a topic of importance and concern. Inflation has risen 7% over the past year.
xendoo
FEBRUARY 16, 2022
Having a powerful online presence is crucial to the success of every small business. Not having an online presence makes it nearly impossible for people to discover a business when searching for products or services. A user-friendly website and active social media presence quickly connects brands with their ideal audience – whether locally, globally, or both!
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.
GrowthForceBlog
FEBRUARY 18, 2022
7 min read. I t's only human to experience emotions like shame, frustration, embarrassment, and self-doubt when you make mistakes.
Withum
FEBRUARY 15, 2022
As government contractors prepare to bid on a proposal for a governmental contract that requires an adequate accounting system, a pre-approval known as a “pre-award survey” (Form “SF1408”) assesses the adequacy of a government contractor’s accounting system prior to the award of a cost-reimbursable contract. A pre-award survey is necessary for contractors with cost-reimbursement contracts, or contractors receiving progress payments.
ThomsonReuters
FEBRUARY 14, 2022
The death of a loved one is a challenging time for a family. Not surprisingly, it’s also a challenging time for an employer. There are several considerations when handling the wages and benefits of a deceased employee. . Considerations regarding wages and benefits of a deceased employee. Wage payment. In general, state laws will dictate how wages are processed for a deceased employee.
RitaKeller
FEBRUARY 16, 2022
“Mature companies fail because they forget why they were born.” – Simon Sinek. When was your firm born? When did your one or two founding partners decide to leave another firm and form their own? What were they thinking? If your firm has been around for 90 years, when did your current oldest partner join the firm, and what was it like then?
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.
Dent Moses
FEBRUARY 18, 2022
Perhaps it’s just a generational thing, but to be honest I don’t understand cryptocurrencies. I’ve read various articles and can spout off definitions of blockchain, bitcoin and a host of other cool tech-sounding words and phrases. It does make me feel a little better when I read what the IRS has published over the past couple of years on the subject.
Withum
FEBRUARY 15, 2022
The indoor cannabis growth market sector is experiencing unprecedented growth. New licenses are being awarded in multiple states, and the industry’s expansion is destined to become nationally accepted. As the industry expands, new license holders find themselves toe to toe with Multi State Operators (MSO) competing for market share. While many license holders have seen unparalleled success, others have struggled to make it out of the gate.
ThomsonReuters
FEBRUARY 18, 2022
Job fit is critical when hiring new accountants for your firm. The right accountant in the right role means a happy, engaged, and thriving employee. That is why matching candidates’ skills, experience, and attitudes to the job description and requirements is crucial. Another important factor to evaluate is organizational or cultural fit. A candidate may check all the boxes for the job, but what about that person’s standards, beliefs, and expectations?
Pooley Accounting Services
FEBRUARY 18, 2022
Financial advisors are continually recommending retirement plans to business owners. They often make that recommendation every tax year and wonder why the owners never do. When asked, about 40% of small business owners do not believe they have enough money to invest in a retirement plan for themselves or for their employees. Almost 75% believe that retirement plans are too expensive, and 61% lack the resources to administer a program.
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.
Ronika Khanna CPA,CA
FEBRUARY 18, 2022
It is the time of year when everyone adult Canadian should be thinking about investing into their registered retirement savings plan (RRSP) prior to the deadline of March 1st. Many of you might think that you are young and have time or conversely that you are older and it’s too late. The truth is that it is never too early or late to start a RRSP. You simply need to set a goal and start doing it.
Withum
FEBRUARY 18, 2022
Download a PDF of this case study. Executive Summary. A growing financial exchange operator was dealing with siloed processes, multiple disparate systems and manual processes, which prevented the company from achieving the level of reporting they desired and created an inability to implement the expected level of controls. The client realized it was time to develop and align their growth and technology strategies.
ThomsonReuters
FEBRUARY 14, 2022
Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. However, there are seven key factors to consider before posting your next job advertisement. 1. Company culture. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Take some time to understand your company culture, the environment of your office, and the types of people on your team.
Simple Accounts
FEBRUARY 17, 2022
Imagine you’re shopping for a new washing machine and the cashier offers you a handwritten bill rather than a detailed invoice. Will you be satisfied with the shop? Will you ever visit the store again or recommend it to someone else? If you are the service provider, consider yourself a customer to work in a customer-friendly manner. Accounting automation aids in building a professional foundation for your company.
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
5 Minute Bookkeeping
FEBRUARY 17, 2022
Are you feeling unsure about how to fill out Forms 1099-NEC and W-9? When the time of the year rolls around to prepare these forms, you might struggle to remember how exactly to go about it. In this article, I’ll explain how to fill out Forms 1099-NEC and W-9. Form 1099-NEC for Non-Employee Compensation. Non-employee compensation is reported in Box 1.
Withum
FEBRUARY 18, 2022
Healthcare organizations of all sizes still rely on manual processes to get work done. From invoicing to moving data between systems, many practices still rely on paper and their human staff doing things the same old way. Manual processes are error-prone, time consuming, and generally inefficient. In this on-demand webinar, Dale Tuttle , Partner and Lead of Digital and Technology Transformation will investigate how new technologies are allowing all healthcare organizations to automate key busine
FraudFiles
FEBRUARY 17, 2022
Document management is critical in any fraud investigation. Larger cases mean more documents, so the process of managing them is even more important (and maybe more complicated). Part of the document management process is preserving original evidence so that it may someday be used in court. While an investigator often never knows if a case will ultimately end up in front of a judge, the most prudent way to handle evidence is to assume that you will be in court one day and to handle the evidence
ThomsonReuters
FEBRUARY 17, 2022
Form 8950 (Application for Voluntary Correction Program (VCP)) and Instructions (2022). Form 8950. Instructions. The IRS has revised Form 8950 (Application for Voluntary Correction Program (VCP)), and its instructions, to accommodate anonymous pre-submission conference requests under the Voluntary Correction Program (VCP) portion of the Employee Plans Compliance Resolution System (EPCRS).
Advertisement
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.
Expert insights. Personalized for you.
264 
Let's personalize your content