TaxConnex
SEPTEMBER 23, 2021
Over the past few years, subscription boxes have increasingly grown in popularity. This method of selling products delivers packages right to customers. Buyers sign up for regular delivery of everything from food, makeup, music, books, pet supplies, flowers, clothes and more. This industry has ridden the wave of e-commerce and the growing expectation among shoppers that much of what they want to buy can come right to their door.
RogerRossmeisl
SEPTEMBER 22, 2021
Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest employees. These are three common ways fraud experts use data analytics: 1. Association analysis This method can help identify suspicious relationships by quantifying the odds of a combination of data points occurring together.
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BurklandAssociates
SEPTEMBER 21, 2021
Every marketplace is different, but at its core, each marketplace has a seller (supply) and buyer (demand) side, acting as an intermediary to bring them together. The metrics VCs use Read More. The post How to Measure Marketplace Success: Stage 1, Marketplace Metrics appeared first on Burkland.
MyIRSRelief
SEPTEMBER 20, 2021
Tax Help? IRS – FTB – CDTFA – EDD tax help. . We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal. – Unfiled Tax Returns – 1040, 1120, 1065. – Negotiated Tax Settlements. – Tax Liens. – Offer in Compromises. – Tax Planning & Tax Preparation. ̵
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.
TaxConnex
SEPTEMBER 21, 2021
When attempting to manage your sales tax obligations across many different states, one of the first things to hit you will be the dizzying number of deadlines you must follow when filing sales tax returns. Due dates can include the 7 th , 10 th , 15 th , 20 th , 30 th and the last day of the month. Determining factors. Generally, the higher the volume of tax you’ll be reporting, the more often you have to file and remit.
Withum
SEPTEMBER 20, 2021
“How do you know when you have enough money?” –This is the title of a program I am presenting this Thursday, September 23,at noon for the Take a Business Break series at the East Brunswick Public Library. The program is free and is open to the public and will be on Zoom. You can register online here.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
GrowthForceBlog
SEPTEMBER 23, 2021
6 min read. If asked to list the top traits needed for success in business leadership, things like business acumen, vision, creativity, drive, and analytical skills would probably make the top of your list. Emotional intelligence, arguably one of the most important traits for a business leader to possess, might not make your list at all.
AccountingDepartment
SEPTEMBER 24, 2021
There comes a time in the growth of every successful business where the owner or CEO starts to feel that their basic bookkeeping simply isn't enough. If they're lucky, their books are clean and the integrity of their financial data is secure. (We'll let you figure out what their books look like if they haven't been so lucky.) Yet, in the growth process, owners find themselves wanting more from their data.
RitaKeller
SEPTEMBER 23, 2021
“Great firms continually reinvent themselves.” – Marc Rosenberg. The 2021 Rosenberg Survey is NOW available! Each year The Rosenberg Survey does an analysis to see which metrics have the strongest correlation to profitability, as measured by income per partner. It never fails, the Top 4 are all related to leverage and rates! As we work with firms who are struggling with profitability, we start by looking at their various leverage ratios followed by comparing their billing rates to like-sized fi
LSLCPAs
SEPTEMBER 24, 2021
What to Do if You’re Waiting Now or Will Need a Loan Soon LSL CPAs heard of this long-standing loan program’s situation and the effect on borrowers who have to wait for their money. We turned to long-time friend Matt Davis, President of Southland Economic Development Corporation, to give our readers some ideas on how. The post SBA 504 Loan Program Ran Out of Funds appeared first on LSL CPAs.
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.
GrowthForceBlog
SEPTEMBER 24, 2021
8 min read. “ Which programs should I stop? Which programs best further my mission? Should I be starting a new program ?”. If you’ve ever stopped and asked yourself these questions, you’re not alone. Most nonprofit leaders have, and we’re here to share a solution that can solve just that.
AccountingDepartment
SEPTEMBER 20, 2021
The utilization of a cloud-based system allows people outside of a business to access company financial records remotely and securely. From an accounting standpoint, annual events, such as an audit, can now be handled without outside personnel even stepping foot into a company's office, which can be a useful tool given the COVID-19 pandemic.
ThomsonReuters
SEPTEMBER 23, 2021
Hewko v. Coffman Engineers, Inc., 2021 WL 3832241 (D. Alaska 2021). A participant in a self-insured ERISA health plan, in connection with a lawsuit over a benefits denial, asked the court to award him penalties for the plan administrator’s failure to furnish documents in response to a written request. (As background, a court may impose a penalty of up to $110 per day on an ERISA plan administrator that fails to furnish information within 30 days after a participant’s or beneficiary’s written req
SkagitCountyTaxServices
SEPTEMBER 22, 2021
I wanted you to know about something that came across my desk the other day because it is potentially very good news… Not many are talking about this, but there have been some MAJOR new Economic Injury Disaster Loan (EIDL) program updates from the SBA… New $2 million maximum loan size (This is WAY higher than the previous limits). Essentially, if you received an EIDL under the old limits you can apply for loan increases within the EIDL Portal on the SBA website.
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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.
CTP
SEPTEMBER 21, 2021
Beginning in tax year 2020, the IRS has updated its compliance rules for partnerships. Most partnerships will now be required to report their capital accounts. These accounts show the equity owned by each partner and typically include information like the initial contributions made by each partner, business profits and losses assigned to each partner, and […].
AccountingDepartment
SEPTEMBER 23, 2021
One of a CEO's most important tasks is staying on top of the company's numbers. This isn't just something for accountants. Financial statements give insight into the health of all areas of the company as well as how it's achieving its goals. Here's what you should be reviewing each month.
ThomsonReuters
SEPTEMBER 23, 2021
PPACA; Updating Payment Parameters, Section 1332 Waiver Implementing Regulations, and Improving Health Insurance Markets for 2022 and Beyond; Final Rule, 31 CFR Part 33, 45 CFR Parts 147, 155, 156, 86 Fed. Reg. (Sept. 27, 2021). Final Rule. Fact Sheet. HHS has finalized regulations that amend various benefit and payment parameters and other Affordable Care Act (ACA) insurance market and Exchange-related rules.
Steve Feinberg
SEPTEMBER 20, 2021
Running and owning a business is difficult enough, but one of the most consequential decisions you’ll have to make is finding the business entity type that best suits your company’s goals and operations. Your business entity type is your company’s official classification in the eyes of the state, and it affects things like how much you’ll pay in taxes, what documents to file , or how much you’re personally liable against instances of lawsuits or bankruptcy.
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
KROST
SEPTEMBER 20, 2021
This is one of the articles in the KROST Quarterly Technology Issue, titled “2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits.” In 2021, technology companies have a unique opportunity to claim both R&D Tax Credits for qualified research and Employee Retention Tax Credits (ERTC) for maintaining employees during the pandemic, with one key exception.
AccountingDepartment
SEPTEMBER 19, 2021
When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes that are in place. Proper bookkeeping is essential to the health of any company. If it’s done poorly, it can ruin a business gradually through higher costs, canceled vendor services, and lost profits. As you move into a small or midsize business to oversee its financial affairs, consider reviewing the company’s books and bookkeeping procedures to make sure that the division is opera
ThomsonReuters
SEPTEMBER 22, 2021
Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. In addition to filing returns for the federal government, as well as every state and locality in which it does business, a corporation may also be required to report sales and use taxes and much more. The penalties for failing to comply with any of these reporting requirements can include interest and fines, or even the loss of the organization’s abi
FraudFiles
SEPTEMBER 20, 2021
Winning a case against an auditing firm when there is a sizeable fraud ( such as the Koss Corp. embezzlement ) or the collapse of a Ponzi scheme (such as the Bernie Madoff case) is not easy. Simply because there is a fraud, a business failure, or a pyramid scheme collapse, the auditors are not necessarily at fault. The auditors may have carried out their professional responsibilities exactly as they should have, but they still did not uncover the fraud.
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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.
RitaKeller
SEPTEMBER 24, 2021
“Friday is a day to finish your goals for the week. It is a day to celebrate that which you set out to accomplish at the beginning of the week.” —Byron Pulsifer. You have people who want to be fully remote. You have people who want to get back to the office. You have people who want a hybrid schedule. No matter which way you go, it’s still going to be different for everyone.
ThomsonReuters
SEPTEMBER 21, 2021
When we set out to recruit firms to join our Onvio Tax beta program last year, our goal was to ensure go-to-market readiness for Onvio Tax prior to our commercial launch. From onboarding and training to product readiness and commercial strategy, we wanted to make sure we got the product right for our customers. Running an immersive beta program is about more than validating our own preconceived notions about timelines and readiness.
FraudFiles
SEPTEMBER 22, 2021
In this video, Tracy explains damage calculations, and how sometimes we have to calculate the present value of those damages. What is present value? And why do we do this?
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.
Withum
SEPTEMBER 24, 2021
RitaKeller
SEPTEMBER 22, 2021
“I am a man of fixed and unbending principles, the first of which is to be flexible at all times.” – Everett Dirksen. Even before the pandemic, accounting firms were figuring out how to offer employees more flexibility and still maintain the level of production to meet the needs of the firm and the clients. My question is, is there danger in becoming too flexible?
ThomsonReuters
SEPTEMBER 21, 2021
For an inside look at what the Onvio beta program was all about, we sat down with Corey Greene, Customer Proposition Strategy Lead for Small-Mid Firms. We discussed the rationale behind the beta program and what learnings will be incorporated into the Onvio strategy going forward. Q: First, what was the purpose of the Onvio beta program? A: The Onvio beta program was created to ensure go-to-market readiness prior to the commercial launch of Onvio Tax.
CalCPA
SEPTEMBER 20, 2021
In a special feature produced by CalCPA’s Management of an Accounting Practice Committee, long-standing MAP Committee members ask questions of young, emerging professionals. The post CalCPA BUZZ: ICYMI—Digital Mag MAP Offerings appeared first on Hot Topics.
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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.
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