Sat.Sep 18, 2021 - Fri.Sep 24, 2021

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Sales Tax for Subscription Boxes

TaxConnex

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.

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3 Ways Fraud Experts Use Data Analytics

RogerRossmeisl

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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How to Measure Marketplace Success: Stage 1, Marketplace Metrics

BurklandAssociates

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.

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Tax & Accounting Service – Preparation, Planning, Representation

MyIRSRelief

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. ̵

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Building a Business Case for Finance Automation

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.

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Why So Many Filing Frequencies?

TaxConnex

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.

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Tax Proposals and the Potential Impact to Estate Planning

Withum

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Lead The Pack With Emotional Intelligence

GrowthForceBlog

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.

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Are You Ready For Outsourced Controller Services?

AccountingDepartment

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.

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AT&T Employee Phone Fraud – Why Insider Threats Are More Dangerous to Your Business

Withum

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The Rosenberg Survey

RitaKeller

“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

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Fall In Love With the Month-End Close

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.

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Nonprofits That Stack Rank Their Programs Have Better Outcomes

GrowthForceBlog

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.

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Utilizing Cloud-Based Systems to Convert to Virtual Processes

AccountingDepartment

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.

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How Do You Know When You Have Enough Money?

Withum

“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.

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SBA 504 Loan Program Ran Out of Funds

LSLCPAs

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.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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No Penalty for Delay in Providing Documents Requested by Lawyer During Litigation

ThomsonReuters

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

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Monthly Financial Review Checklist for CEOs

AccountingDepartment

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.

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Data Visualization for Resorts: Using Financial Data to Tell a Story

Withum

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Small Business Tax Credit Updates Skagit County Owners Will Want to Consider

SkagitCountyTaxServices

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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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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HHS Finalizes Various Benefit and Payment Parameters and Provisions for 2022 and Beyond

ThomsonReuters

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.

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How Outsourced CFOs Can Keep Bookkeeping From Ruining Their Clients

AccountingDepartment

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

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Alaska State Tax Updates

Withum

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Present Value of Damages

FraudFiles

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?

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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3 benefits of a centralized tax data warehouse for corporate income tax

ThomsonReuters

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

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Understanding Partnership Capital Accounts

CTP

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 […].

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Business Entity Type Guide: Should You Change Your Business Structure?

Steve Feinberg

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.

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2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits

KROST

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.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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Building a beta program that delivers

ThomsonReuters

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.

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Winning Auditor Malpractice Cases

FraudFiles

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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Remote Workers – Flashback Friday

RitaKeller

“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.

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CalCPA BUZZ: ICYMI—Digital Mag MAP Offerings

CalCPA

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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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.