Sat.Jun 26, 2021 - Fri.Jul 02, 2021

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Evaluating Fit Between Entrepreneur and Investor

BurklandAssociates

The investment environment is tilted in favor of startups right now. And that means there’s a high likelihood you’ll be able to raise capital — in fact, it’s as high Read More. The post Evaluating Fit Between Entrepreneur and Investor appeared first on Burkland.

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3 Benefits to a Voluntary Disclosure Agreement

TaxConnex

A voluntary disclosure agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types. In exchange for voluntarily reporting the tax due, states offer a waiver of some penalties and other benefits to the business. If back taxes are not disclosed but are instead discovered through an audit, the taxpayer is at a disadvantage and will end up being assessed various penalties plus interest plus all historical tax due.

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Why is Job Costing Important for your Small Business?

AccountingDepartment

Job costing is an often overlooked yet important component of business, especially for small to medium-sized companies. The pricing of your jobs shapes your bottom line. It can be argued determining the optimal price point for each specific job is one of the most important decisions small business owners make. This is precisely why job costing is so important.

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Restaurant Revitalization Fund Officially Ending on July 14

Withum

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Partnering With Gusto Today Means a Better Tomorrow for Xendoo Customers

xendoo

Partnering with Gusto today means a better tomorrow for Xendoo customers. As a small business owner, you juggle multiple roles… bookkeeping, human resources, marketing, and all that goes into running your business every day. You love what you do and wish you could leave the complicated, boring stuff out of your day-to-day. Xendoo feels your pain, we recognize that bookkeeping and payroll are integral to your company’s operational success and your peace of mind.

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Your Personal Responsibility in Sales and Use Tax Non-Compliance

TaxConnex

Sales tax is a significant revenue source for many states. In fact, according to the Tax Policy Center, for many states, it can comprise 25%-35% of a state’s revenue. With the 2018 Wayfair decision , many more businesses are now required to collect and remit sales tax, and while many have taken action, there are still a lot who have yet to grasp it fully.

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Hayley Shulman Receives New Jersey Society of CPAs 2021 Woman to Watch Ovation Award

Withum

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17 Tax Benefits to Take Advantage of as a Small Business Owner

MazumaBusinessAccounting

There are many obvious perks that come with owning your own business, including setting your own schedule, being your own boss, and having control over your career. But there are also many tax benefits business owners can take advantage of to maximize their profits. Here’s a quick guide that covers important tax deductions for your business. What Will a Deduction Save Me?

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Revenue Forecast For Decision Making? Here’s How To Use It.

GrowthForceBlog

6 min read. If you needed a sign to update your revenue forecast, this is it.

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IRS Extends Tax Relief for Leave Donations Aiding Victims of COVID-19 Pandemic

ThomsonReuters

IRS Notice 2021-42 (June 30, 2021). Available at [link]. The IRS has announced a one-year extension of the special tax relief for leave-based donation programs aiding victims of the COVID-19 pandemic. Under a leave-based donation program, an employer may permit its employees to give up their vacation, sick, or personal leave in exchange for cash payments by the employer to charitable organizations.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Withum Names Seven New Partners

Withum

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The Do's and Don'ts of Management with Remote Workforces

AccountingDepartment

Remote work flexibility has become a common thing for companies in 2021 and it can ultimately lead to them retaining their staff. After the COVID-19 pandemic, people got a real taste of what working from home was like and this was probably one of the biggest adjustments companies had to make as the dust settled. A study by the global staffing firm, Robert Half, shows that about 1 in every 3 professionals working from home due to the pandemic would look for a new job if they were required to retu

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The Value Of An (Updated) Budget: Getting Your Business on Track for Success

GrowthForceBlog

6 min read. It’s not uncommon for business owners to avoid the idea of a budget or, if they have one, ignoring it as it collects dust.

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The Household Employee Problem

Steve Feinberg

Don’t get caught by the nanny tax. This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. Could you be impacted? This is what you need to know. Nanny tax explained. In an effort to capture income from household employees, the tax code requires you to obtain employee information, pay the related state and federal taxes, and withhold taxes for anyone you employ around the house.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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IRS Keeps Expanding the Reach of the Qualified Small Business Gain Exclusion

Withum

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NetSuite Webinar | A goVirtualOffice and AccountingDepartment.com Collaboration

AccountingDepartment

On June 22, 2021, we had the pleasure of hosting a NetSuite-based webinar with our friends at goVirtualOffice. Our Co-Founder, Bill Gerber, and Dirk Shimpach, CPA and Co-Founder of goVirtualOffice review some Accounting Best Practices.

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You’re Making A Mistake With Your Pricing If You Don’t Do This.

GrowthForceBlog

6 min read. You don't rent out an office to complete a single job. The benefits you offer don't directly affect a specific client, but they do attract top talent, resulting in better quality service. You don't invest in employee training to carry out a specific job, making it an overhead expense, but you do invest in employee training to improve or expand the services you provide.

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Reasons Why Your Tax Refund is Delayed: Why You’re Still Waiting + What To Do Next

LyfeAccounting

Tax refund delays are completely out of control right now. Calling appears pointless as it is mostly automated, and checking your status on irs.gov only shows you if your tax return has been received by the IRS. But, it does not tell you why your tax refund is delayed. So, in this post, we want to go over the top 9 reasons why your tax refund is delayed this year.

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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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Fly the Flag 2021

Withum

Sunday is Independence Day, a day we should all honor and celebrate. The founding fathers actually said it should be commemorated with spectacular displays of fireworks and pomp and circumstance. And that is how it has been celebrated ever since.

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PPP Part XVI – Happy Fourth of July! Both Fireworks and Deadlines Approach!

LSLCPAs

Wow! Can you believe it’s been over 15 months since the CARES Act was passed? We know that some of you are saying it feels even longer. Besides the actual pandemic and the resulting government restrictions, you’ve had to deal with several major Congressional relief acts, ever changing guidance from Treasury and the SBA, and. The post PPP Part XVI – Happy Fourth of July!

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How to shift your mindset from accountant to business owner

ThomsonReuters

How to shift your mindset from accountant to business owner. You did it. You’ve made the leap from staff accountant to small firm owner. You’ve done the work, you have the experience, and you might even have a ready-made client list. More challenging, however, is the switch in mindset from an individual contributor to the one who is running the show.

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The Non-Profit Financial Statement Breakdown

AccountingDepartment

While non-profit organizations are not concerned about showing a profit for investors, these entities still must report financial activities to board members and local, state, and federal tax agencies. Just like for-profit businesses, non-profits use financial statements to report revenue generated and expenses incurred, although they may have different names.

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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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The Balance of Profit and Purpose: How B-Corporations are shaping the future of philanthropy

Withum

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Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This

LyfeAccounting

The IRS reminds me of Debo from the movie Friday! No matter how you receive income, where you receive income, or why you receive income, you can bet that the IRS wants their fair share of it. Most people know that income from your job or investment is taxable. But you’d be surprised at the number of things that are considered taxable that you never would have thought of.

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Does HIPAA Prohibit an Employer From Using an Employee’s Health Information for COVID-19 Contact Tracing?

ThomsonReuters

QUESTION: An employee who called in sick reported to her supervisor that she had tested positive for COVID-19, and the supervisor notified Human Resources. Does HIPAA prohibit Human Resources from notifying coworkers who had contact with the employee so they can get tested? ANSWER: HIPAA’s requirements to safeguard protected health information (PHI) apply only to covered entities (health plans, health care clearinghouses, and most health care providers), not to employers acting in their capaci

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Steve Padgett’s Tips for Creating a Business Disaster Plan

SkagitCountyTaxServices

The past year and a half has been stressful for everybody in Skagit County. And I would argue it’s been doubly so for Skagit County business owners. The thing is though, these things happen. Quite regularly. Maybe not global pandemics, but disasters in general. So, as the person in your corner who might be one of the only ones asking you these questions — What happens to your Skagit County business if the building next door catches on fire?

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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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Identifying the Cause of Your Inventory Problems

Withum

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Gusto is now offering pieces of its service to other companies via API

xendoo

The new product, dubbed “Gusto Embedded Payroll,” will allow vertical SaaS companies to provide payroll support to their own customers. The post Gusto is now offering pieces of its service to other companies via API appeared first on Xendoo.

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IRS Further Extends Relief From Physical Presence Requirement for Witnessing Electronic Signatures

ThomsonReuters

IRS Notice 2021-40 (June 24, 2021). Available at [link]. The IRS has announced a 12-month extension of its temporary relief from the requirement that certain signatures be witnessed “in the physical presence” of a plan representative or notary public. The original relief, which appeared in IRS Notice 2020-42 (see our Checkpoint article ), was provided primarily to facilitate CARES Act distributions and loans (see our Checkpoint article ) but could be used during 2020 for any signature that, u

Tax 52
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Business Loans | How to Get Approved in 5 Simple Steps!

LyfeAccounting

Do you need a loan to get your business up and running? You’re not alone. About 43% of small businesses applied for business loans last year. And of those, 66% were actually approved. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

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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.