TaxConnex
APRIL 27, 2021
Sales tax obligations are getting more complicated for businesses of all industries. And it takes just a few mistakes to add up to a big liability and hefty fees. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Not evaluating economic nexus. Figuring out where you have nexus is key to determining your sales tax liability.
MazumaBusinessAccounting
APRIL 25, 2021
Knowing how to pay yourself as a small business owner may seem simple, but there are quite a few options when it comes to doing it right. The information below will help you learn the basics of how to pay yourself as a small business owner, but we highly recommend talking to a tax or financial expert ( we’d love to chat with you! ) when it comes to the specifics of your business.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
xendoo
APRIL 27, 2021
Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. As a fitness franchise owner, you know very well the challenges of getting new members through the door, even in the best of times. It’s never been easy, but the fitness industry has been one of the hardest hit by COVID-19, with value brands representing the largest share of losses in the industry.
PANALITIX
APRIL 30, 2021
RESOURCES / ARTICLES. Guidelines on Selling. (or Merging). Your Accounting Business. All businesses undergo changes in ownership, or they are liquidated – it’s just a matter of time. Accounting businesses are no exception… so it makes sense for business owners to think about this early and ensure they control the process as far as possible. Panalitix works closely with firms undergoing major “succession events” so we’ll offer some guidelines in this article.
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.
TaxConnex
APRIL 29, 2021
S uppose you ’ re registered for sales tax in a jurisdiction because you have es tablished sales tax nexus. For various reason though, you don’t have any sales tax to remit. You may think that because you haven’t collected any sales tax, you have no return to file. ?. Wrong. Most s tates in which you’re registered want to hear from you even if you don’t have any sales tax to remit.
BurklandAssociates
APRIL 27, 2021
Plotting a path towards growth and success can be especially tough for women-owned startups. On the Startup Success podcast, we recently sat down with Virginia Almendarez. She’s a startup coach Read More. The post Insights for Women Entrepreneurs from a Startup Coach at iFundWomen appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
KROST
APRIL 30, 2021
If you missed our webinar led by Paren Knadjian , Head of M&A and Capital Markets and Jean Hagan , Principal of Business Management , there is a recording available. This webinar goes over how to apply for Restaurant Revitalization Fund. You can view the webinar replay, by joining our mailing list. The video and presentation slides will be available immediately following submission: Access the Webinar Replay, Presentation Slides, & KROST Mockup Portal. » Learn more about The Restaurant
AccountingDepartment
APRIL 26, 2021
Although individual financial statements each provide different snapshots of financial health, all financial reports reflect business activities that produce a company's profit or loss. The balance sheet shows how cash flow changes revenue and expenditure accounts, while the income state shows true net income at a given point in time. Investors use the various reports as tools that inform investing decisions.
Patriot Software
APRIL 26, 2021
When you run a business, the word taxes might fill you with dread—especially if you have employees. You pay some employment taxes (e.g., unemployment), while others are taxes you deduct from your employees’ wages and pay on their behalf. One of the taxes you must withhold is federal income tax. So, what is it, and […] READ MORE.
Withum
APRIL 26, 2021
When I start a financial planning engagement I ask my client to define their goals and then we work to develop a plan.
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
APRIL 29, 2021
5 min read. Nonprofit grants are booming- and at a record rate. While grants fuel your nonprofit to do more good, if you don’t have proper processes in place, they also create additional work.
inDinero Accounting
APRIL 30, 2021
The word “nonprofit” is a bit of a misnomer. Charitable organizations may not pursue financial gain above all, but that doesn’t mean they don’t need funding to operate or further their cause. Indeed, without surplus revenue, a nonprofit can’t grow or scale its mission. And no organization can afford to ignore the financial realities of the world we live in.
KROST
APRIL 28, 2021
KROST is hosting an emergency webinar, How to Apply for the Restaurant Revitalization Fund , on Friday, April 30, at 10 am. Tuesday, April 27, 2021. The US Small Business Administration (SBA) announced today that applications for the Restaurant Revitalization Fund (RRF) would open, via their portal, at 9 am Pacific (12 pm Eastern) on Monday, May 3, 2021, at [link].
Withum
APRIL 28, 2021
A business leader’s currency is ideas. The current May-June 2021 issue of the Harvard Business Review is a minefield of ideas just waiting to be banked. I usually go through the new issue when it is received and end up reading the article titles, executive summaries and perhaps two or three articles.
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
APRIL 27, 2021
9 min read. Meetings. With your plate already overflowing, they can either be the peak or pit of your day. And on top of that- over the past year, business owners have been forced to make major changes to daily operations- including accommodating remote workers.
inDinero Accounting
APRIL 28, 2021
Be honest. Did you dream about being “in the black” at fiscal year-end when you started in business? And, now? You’ve got a going concern, and yet, you find yourself back at the drawing board with your business budget. Do not worry. Business budgeting is a critical skill that inDinero’s outsource accounting team can take off your plate today. You may be wondering, how do fractional accountants make budgeting look so easy?
AccountingDepartment
APRIL 30, 2021
The accounting cycle is several steps implemented during an accounting period. This process is implemented to manage company financial transactions.
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.
LyfeAccounting
APRIL 30, 2021
Today, we’ll be going over the top 5 write offs you could be taking for your LLC this year, next year, and the next year after that. All to save you the most on your taxes. Are you ready? Let’s get started. There are over 20M LLCs in the US today. Chances are if you’re reading this post, you have an LLC, or at least are thinking about starting one of your own.
ThomsonReuters
APRIL 29, 2021
QUESTION: We have heard that legislation on surprise medical billing revised the patient protections that apply to our group health plan’s emergency services coverage. How have the rules changed, and when do they apply? ANSWER: Coverage and disclosure requirements intended to protect consumers from surprise medical bills from nonparticipating providers and facilities were included in legislation passed in December 2020.
SchoolofBookkeeping
APRIL 28, 2021
Now that the vaccine is available to everyone and restrictions are being lifted around the country, we are able to slowly get back to business. Intuit recently released a report, Intuit QuickBooks Small Business Recovery, that shows U.S. Small businesses. Read More. The post Small Business Road to Financial Recovery from the Impacts of COVID-19 appeared first on schoolofbookkeeping.com - Learn bookkeeping, accounting, QuickBooks, financial statements, and more.
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.
LyfeAccounting
APRIL 29, 2021
Let’s talk about tax brackets for 2021. Some things stayed the same, but we also saw a few changes in the brackets this year and we’ll be going over both in this post. What Stayed The Same in Tax Brackets 2021? This tax season , what are the things that remain unchanged? Well, the number of tax brackets did not change in 2021. T here are still a total of seven tax brackets.
ThomsonReuters
APRIL 29, 2021
IRS Webpage: Top Mistakes in Voluntary Correction Program (VCP) Submissions (Mar. 31, 2021). Available at [link]. The IRS has updated its webpage listing common mistakes in Voluntary Correction Program (VCP) submissions. VCP is one of three retirement plan correction programs under the IRS’s Employee Plans Compliance Resolution System (EPCRS) (see our Checkpoint article ).
FraudFiles
APRIL 28, 2021
Defendants in criminal cases such as tax fraud, money laundering, or embezzlement often need forensic accountants to help evaluate complex financial situations. Should you provide expert witness services to criminal defendants? Tracy discusses the work and some of the issues that should be considered.
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
LyfeAccounting
APRIL 28, 2021
So, the vehicle tax deduction can allow you to purchase your dream car, basically for free. Of course, you have to go about this in a very smart and legal way to successfully pull this off. One of the biggest tips we can share with you is to buy a vehicle that weighs over 6,000 pounds because you are able to write it off 100% in the first year. Now we don’t know about you, but that sounds like a lot of pounds.
ThomsonReuters
APRIL 29, 2021
CMS Alert: Reminder Regarding Who is the Responsible Reporting Entity (RRE) When Reporting Primary Prescription Drug Coverage Information (Apr. 13, 2021). Available at [link]. CMS has issued a reminder about who has the responsibility for reporting primary prescription drug coverage as the Responsible Reporting Entity (RRE). As background, certain insurers, TPAs, plan administrators, and fiduciaries are required to report information to CMS about individuals who are entitled to Medicare and are
Martin Quinn
APRIL 27, 2021
Photo by Lu00ea Minh on Pexels.com. At one of my recent management accounting lectures, my students had the pleasure of been given a short talk by an accountant who worked in the TV/film sector. There is quite a lot going on in Northern Ireland in this arena (think Game of Thrones etc). While I have often noticed the “Production Accountant” title on movie/TV credits, I have never really thought about what the role entails.
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.
147 
Let's personalize your content