TaxConnex
OCTOBER 7, 2021
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Developing updates. There are currently five states with no state-level sales tax. Might that be changing? Take a look north. Alaska has long heard rumblings of a statewide sales tax. First came the state’s Remote Seller Sales Tax Commission of municipalities banding together to tax sales.
RogerRossmeisl
OCTOBER 6, 2021
The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than others. In general, passive methods, such as accidental discovery or notification by police, coincide with longer-running schemes and higher financial costs.
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BurklandAssociates
OCTOBER 5, 2021
This is a joint article by Jeff Burkland, founder of Burkland Associates and Abhinav Agrawal, Co-founder & CEO of Rocket. It was originally published on Medium. The robots are coming! Read More. The post Everybody Wins When AI & People Collaborate in the Workplace appeared first on Burkland.
PANALITIX
OCTOBER 4, 2021
RESOURCES / ARTICLES. Designing Your Firm… so it’s not reliant on you. Being a slave to your accounting business is not a desirable situation and causes stress on you and your colleagues. Building a business which can scale and is not dependent on the owner(s) is a matter of Organizational Design. For tips on building a scalable business, read on. .
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
OCTOBER 5, 2021
Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie. Excise tax – which in America dates to the nation’s earliest days – is levied on certain goods, products or services at the time of purchase. Your business is responsible for collecting excise taxes and sending them to the proper authorities but, unlike sales tax, the cost of the excise tax is usually pas
RogerRossmeisl
OCTOBER 6, 2021
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or have a business in federally declared disaster areas.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RLLeaders
OCTOBER 4, 2021
We live in a world of constant disruption. It interrupts and destabilizes our systems and norms, impacting individuals, organizations, and indeed, all of our society. We face cultural, environmental, and technological disruptions on a daily basis and rarely do we recognize them until they’re on our doorstep. Sometimes this is because people are willfully ignorant, trying to carry on as if the world around us isn’t rapidly evolving.
AccountingDepartment
OCTOBER 8, 2021
Does an outsourced accounting service make sense? You bet it does. That is why outsourced accounting services are a growing trend among companies today. More and more businesses are allowing outsourced services to take care of their accounting functions. They are reaping all of the benefits that an outsourced accounting firm has to offer. Here is a list of reasons why businesses are choosing to outsource their accounting tasks.
Patriot Software
OCTOBER 8, 2021
Do your employees use company-owned or leased vehicles for personal reasons? If so, you need to know how to handle reporting personal use of company car for wage and tax purposes. Read on to learn: What is personal use of company car? How to calculate personal use of company vehicle value How to report personal […] READ MORE.
GrowthForceBlog
OCTOBER 6, 2021
5 min read. In today’s world, sustainability is on the minds of many business owners and is often a stated goal. Yet, it’s quite difficult to measure the degree to which an organization is being sustainable.
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.
SkagitCountyTaxServices
OCTOBER 6, 2021
Remember when the monster cargo ship Ever Given jammed the Suez Canal? After the Given had been stuck just five days, almost 400 other freighters were backed up waiting to pass through the Canal. Experts began predicting temporary shortages of everything from exercise bikes to coffee, cheese to semiconductors. For once, they were right — and not just because of one stuck ship.
AccountingDepartment
OCTOBER 5, 2021
Outsourced accounting can pose many questions for a business owner that is considering making the switch, or just simply trying to learn more about the service as a whole. AccountingDepartment.com is the leader in outsourced accounting a bookkeeping services, and we have compiled some of the common questions asked when it comes to making the switch from in-person to outsourced accounting services.
Patriot Software
OCTOBER 6, 2021
If you’re looking for a new benefit to offer employees, you might consider employer student loan repayment. The benefit itself isn’t new, but it got a tax-exemption makeover thanks to the CARES Act and Consolidated Appropriations Act. The result? An up-and-coming employee benefit hitting businesses nationwide. Here’s what you need to know about the employer […] READ MORE.
CalCPA
OCTOBER 4, 2021
According to the FTB, PTE forms are in the development phase for qualified entities to make their PTE elective tax payments, and for. The post CalCPA BUZZ: Pass-through Entity Elective Tax Update appeared first on Hot Topics.
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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.
RitaKeller
OCTOBER 6, 2021
“If you want to ignite the spark, focus on them from the moment they walk in the door.” – Bruce Tulgan. I have often talked about young, newly graduated talent walking into the door, for the first time, at their new job in a CPA firm. My story stresses the fact that from a baby’s first step they have heard applause for each accomplishment through their growing-up years.
Withum
OCTOBER 4, 2021
People change but their memories don’t but can get hazy or fuzzy, or sweeter and fonder or could vanish. Perspective also adds to enjoyment of memories and past successes, so does preservation. Our memories are not conserved like those on Keats’ Grecian Urn but they can be passed on in a memo, letter, booklet or video orchestrated by you. This Sunday an expert on helping people preserve their memories will be speaking at a free Zoom program I organized and am inviting you to attend.
LSLCPAs
OCTOBER 2, 2021
What does SALT stand for, and what are the Pros and Cons? SALT is an acronym for State and Local Taxes. The current cap on deductions for state and local taxes is $10,000 as enacted in the 2017 Tax Cuts and Jobs Act (TCJA). Since 2017 (and through 2025), as the current law exists, only. The post Eliminate the ‘SALT’ Deduction Cap? appeared first on LSL CPAs.
xendoo
OCTOBER 8, 2021
Work Smarter, Not Harder. At SmartScout , we built our business around the idea of working “smarter”. Easy enough to say. What steps can small business owners take to work smarter? Glad you asked. The three keys to working smarter, not harder, in business are education, technology, and delegation. In this blog post, we will show you how you can use these keys to expand your knowledge, streamline your workflow, and delegate work to your team to grow their skills. . 1.
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
Pooley Accounting Services
OCTOBER 7, 2021
At the end of a year-long project, the CEO of a construction company joked that he loved it when a plan came together. Although the CEO was pleased that the project went as planned, he felt that the success was due as much to luck as to planning. After all, only 28% of construction projects come in on time or budget. A 2020 survey found that construction businesses blame delays on:: Change orders (62%), Weather (60%), Poor project coordination (54%), Delayed payments (12%).
ThomsonReuters
OCTOBER 7, 2021
For tax professionals with many years of experience in the field, automation can seem like technological overreach. Any change or disruption to a workflow developed over many years of practice is going to be met with resistance. However, automation is important for any firm looking to improve efficiency and generate more revenue. . Why automation?
FraudFiles
OCTOBER 5, 2021
More than 99% of people lose money in multi-level marketing (MLM). In Chapter 7 of Dr. Jon Taylor’s book, The Case (For and) Against Multi -Level Marketing , he details the failure rates of participants in multi-lievel marketing companies. In order to analyze the true failure rates and to calculate actual profits or losses from participation in these (improperly termed) “business opportunities,” it is necessary to wade through confusing and incomplete disclosures and to estimate figures that are
xendoo
OCTOBER 8, 2021
National Women’s Small Business Month celebrates women’s achievements in business, and highlights what they bring to their communities as small business owners. We took a moment to interview Xendoo founder and CEO Lil Roberts, to get insight into what it takes to be a successful entrepreneur, and the importance of women leading in business. . Build Up Your Team.
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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.
KROST
OCTOBER 4, 2021
Pasadena, CA – INSIDE Public Accounting (IPA) named KROST CPAs & Consultants Top 100 Firm, Top 100 Fastest-Growing Organic Growth Firm, Top 100 Fastest-Growing All Growth, and best of the best in 2021. The firm placed 81 st on the prestigious top 100 list, a substantial leap from 116th in 2020. KROST along with other recipients of these distinguished awards will be highlighted in the August and September issues of IPA’s monthly newsletter.
ThomsonReuters
OCTOBER 7, 2021
Maintaining your firm’s competitive advantage is important in any crowded marketplace. As more and more clients seek DIY solutions when completing their taxes, differentiating your firm, and capitalizing on your strengths are crucial to keeping existing clients and generating new business. Evaluating your firm’s advisory stance is a strong first step to improving your business operations. .
FraudFiles
OCTOBER 8, 2021
How is a lifestyle analysis used in a divorce case? Attorney Miles Mason discusses how he uses the report, more specifically the numbers that he is most concerned about.
RitaKeller
OCTOBER 4, 2021
“There are no shortcuts to any place worth going.” – Beverly Sills. As with every Fall, I anticipate the arrival of my copy of the Rosenberg Survey. I learn so much from this valuable resource and it is a very helpful tool as I do my advisory work with local and regional firms. For example: Why should firms located in cities with over 2 million in population have partner billing rates that range from $474 down to $277?
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
OCTOBER 7, 2021
ThomsonReuters
OCTOBER 7, 2021
QUESTION: We’ve heard that our group health plan will be subject to provider directory transparency disclosures that require protocols for responding to individual requests for directory information. What are the requirements, and when do they take effect? ANSWER: As we discussed in a previous Checkpoint Question of the Week , a number of transparency requirements impacting provider directories go into effect for plan years beginning in 2022.
GrowthForceBlog
OCTOBER 4, 2021
5 min read. Wheelchairs for Warriors puts the quality back in " quality of life " for those who courageously risked their lives and sacrificed limbs for our freedom. Too often, Veterans injured in the line of duty come home with the burden of substandard mobility equipment that hinders their ability to function. Wheelchairs for Warriors was created to resolve this pressing issue- and give quality of life back to those who serve(d) in the gap for us.
RitaKeller
OCTOBER 8, 2021
“A thought that sometimes makes me hazy: Am I – or are the others crazy?” – Albert Einstein. In almost every CPA firm there are partners who drive people nuts? Even if you are a partner, there are other partners who drive you nuts. I guess it is just human nature. Here is a Flashback Post t hat describes partners who might drive you nuts!
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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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