Sat.Sep 26, 2020 - Fri.Oct 02, 2020

article thumbnail

Latest Developments in State and Local Sales Tax

TaxConnex

In Alabama , rising pandemic-related online shopping has been a “life saver” for the state’s municipal governments and a “financial vaccine for Alabama’s counties,” the state said. The state’s SSUT has taken in more than $309 million overall during the current fiscal year – almost double the tax generated during all of fiscal 2018-19. The number of online retailers in the program has also grown from fewer than 200 in 2017 to more than 2,900 today.

Sales 245
article thumbnail

Tax Account Review – TAR or Discovery

MyIRSRelief

For Los Angeles, and all over America, individuals or businesses who are concerned about the information they receive from the Internal Revenue Service (IRS) about their taxes, a tax account review – TAR may be the answer. For those who have complicated tax forms to fill out, a proper review by tax professionals may shed light on their current situation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Do Venture Capitalists Evaluate Startups? An Interview with a VC.

BurklandAssociates

Part 1 of Burkland’s interview with Andy McLoughlin, Partner at Uncork Capital Andy McLoughlin is a venture capitalist at Uncork Capital. Andy recently shared some time with Burkland's Head of Read More. The post How Do Venture Capitalists Evaluate Startups? An Interview with a VC. appeared first on Burkland.

130
130
article thumbnail

‘What Did You Change?’ 34 Payments Execs Weigh In On Payments, The Pandemic And New Possibilities

PYMNTS

The end of the third quarter of 2020 offers a moment to look back — and ahead — as a year unlike any other is (a bit more) than three quarters finished. It may be hard to remember, but when 2020 dawned, unemployment was near historic lows, at about 3.6 percent. GDP was growing at a healthy clip, and most companies — large and small — saw the trends of top-line and bottom-line growth as set. to continue.

Maine 141
article thumbnail

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

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.

article thumbnail

The Sales Tax Requirements of Selling Into Canada

TaxConnex

U.S. sales tax post- Wayfair is confusing enough. What if you begin selling into a foreign country? You’ve heard it before that US sales & use tax laws are some of the most confusing, but how are things done with our neighbor to the north? Do the same rules apply, is it easier to understand? The tax rates. Collectively, jurisdictions in Canada do impose less diverse sales tax obligations than U.S. states and their local jurisdictions and of course there are fewer Canadian provinces than ther

Sales 134
article thumbnail

Paid Sick Leave Laws by State: The Chart, Map, & Accrual Info You Need

Patriot Software

Typically, employers get to choose whether they want to offer types of paid time off, like sick leave, to employees. But depending on your business location, you might not have a choice. Little by little, paid sick leave laws by state are on the rise. If your employees work in a state with mandatory sick […] READ MORE.

payroll 127

More Trending

article thumbnail

Amazon One Lets Consumers Pay With Their Hand

PYMNTS

“Talk to the hand” will take on new meaning starting Tuesday (Sept. 29). CNN reports Amazon has introduced the latest touchless way to pay at checkout. Dubbed Amazon One, the method allows users to pay with the palm of their hand at some of its stores. The giant eCommerce website can now connect a stored credit card with a palm print. Here’s how it works: place the palm of your hand above a sensor and purchase products at checkout-free Amazon Go stores.

Missouri 139
article thumbnail

Building a Sales Culture in Accounting Businesses

PANALITIX

RESOURCES / ARTICLES. Building a Sales Culture. IN Accounting Businesses. Panalitix CEO Mark Ferris recently presented a webinar on Building a Sales Culture in accounting businesses. He investigated how to get team members to WANT TO sell… which requires a major mindset shift in most cases. Our webinar audience came up with such good questions that we decided to respond with our thoughts in this article.

Sales 100
article thumbnail

How to Provide "View-Only" Business Account Access to Your Outsourced Accountant

FusionCPA

Accountants and bookkeepers are responsible for recording, organizing, and analyzing your business transactions. Among these transactions, your dealings with banking institutions may be the most common one. Most accounting institutions recommend that businesses pay invoices and receive payments directly through their banks. Hence, for small business bookkeepers, your banking statement is one of the easiest ways they can gather information relating to your income, expenses, and cash flow.

article thumbnail

Tim Cook Named CEO and President of Katz, Sapper & Miller

Katz,Sapper&Miller

Katz, Sapper & Miller, Indianapolis’ largest certified public accounting firm, announced the election of Tim Cook, a 17-year KSM veteran, as its next firm leader. Cook will succeed Managing Partner David Resnick, effective Jan. 1, 2021.

article thumbnail

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.

article thumbnail

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

A U.S. House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies.

article thumbnail

Behind the Scenes with Our Implementation Team

AccountingDepartment

Want a behind the scenes tour of our implementation team? Step this way to meet some of our team and get to know how they tackle bringing on new clients and setting them up for success.

article thumbnail

Using Xero Accounting vs IT Companies without Accounting Software

FusionCPA

IT companies that are using Xero accounting vs IT companies that are not using the software show a marked benefit. Working in IT means that you are working in a field that is constantly evolving. Like all other industries, the IT field relies on accounting to enjoy success.

article thumbnail

How to make QuickBooks Balances Agree – A Starting Point

SchoolofBookkeeping

When you start working with a new client, usually there is some clean up work that needs to be done. Rarely do you get “fresh snow” client: Someone that is brand new, never used anything, and is open to anything. Read More. THIS CONTENT IS NOT ACCESSIBLE WITH YOUR MEMBERSHIP LEVEL OR YOU ARE NOT SIGNED IN. Please log in. Not a member? Pricing and Enrollment.

article thumbnail

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.

article thumbnail

In The Subscription Economy, Retention Is The New Growth

PYMNTS

You likely remember the days when you got your Sunday paper in printed form, before clicking links on your devices, before getting content in your email inbox thrice daily. Back then, you paid the subscription price and got a 12-inch stack of paper, replete with sections you never really read that closely. But you paid for the “bundle” anyway, because there was no other way to read the sections you really wanted to read.

Start-ups 136
article thumbnail

Are Your Clients Taking Advantage of Sellable Tax Credits?

CTP

State governments realize the economic benefit of spending billions of dollars on tax credits. Are your clients taking advantage of this? Many are not due to low tax liability. Nonprofit organizations or start up businesses that generate very little income are among them. Some states have found a solution. They have created a secondary market […].

Tax 40
article thumbnail

NetSuite Data Management – Optimizing NetSuite ERP & SuiteCommerce

FusionCPA

What is NetSuite? NetSuite is the #1 cloud ERP system for small to mid-sized businesses. It combines e-commerce, CRM, Financials, Advanced Reporting, warehouse management, global business management (ideal for international taxes), human resource management, and more! It’s a complete package for growing organizations that need infrastructure to scale their business.

article thumbnail

Client Spotlight: AUDIENCEX on Expansive Growth & the Evolution of AdTech

KROST

This is a preview of one of the articles in the new KROST Quarterly Technology Issue , titled “Client Spotlight: AUDIENCEX on Expansive Growth & the Evolution of AdTech” with Ryan Carhart, CFO and Brian Ko, CCO. Recently, we had the opportunity to sit down and talk to one of our incredibly successful and cutting-edge tech clients, AudienceX.

article thumbnail

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

article thumbnail

Paytm President: Going From Mobile Payments To India’s Connected Commerce Ecosystem

PYMNTS

As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with the increasing presence of India’s Unified Payments Interface (UPI) and six months of COVID-19 to markedly reduce Indian consumers’ fondness f

Gambling 135
article thumbnail

5 Business Mistakes That Can Be Fatal by Steve Padgett

SkagitCountyTaxServices

All the political people are arguing over taxes , and my inner geek smiles. (By the way, if YOU want to argue about the tax issues, here’s a good explainer article to start with before you make big declarations about the tax issues involved.). Because I’m not really interested in arguing over these things, to be honest — at least in this space.

article thumbnail

Fake News, Facebook, and How We’re Influenceable Commodities. 4 Things to do Now

RLLeaders

The hands are on the scales, and they’re tipped against us. There has been a lot of discussion as of late about facts and fake news—about how facts and opinions are conflated in the same sentence, paragraph thought, and are given equal weight. I’ve been thinking about and working through this problem for the past few years, because while there’s bias in some media, our societal proclivity for allowing opinions to become as important as facts is too extreme to merely attribute to biased media.

52
article thumbnail

The Three Things Every Digital-Card App Needs

PYMNTS

The wave of digitization that has picked up incredible speed in banking over the past half year isn’t strictly a new trend, Randy Piatt , head of product solutions for Ondot Systems , told PYMNTS. Long before the pandemic, consumers were trending toward digital in their financial services relationships — experimenting with mobile wallets, digital cards, self-service mobile banking and digital gifting.

Gaming 133
article thumbnail

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.

article thumbnail

Using 5G To Build Tomorrow’s Smart Cities, Today

PYMNTS

Smart cities powered by 5G networks have long been forecast as coming soon to major metros all over the world. But actual progress has been limited by various regulatory and technological headwinds that have kept the connected smart city more a vision of the future than a concrete reality of the present. However, CEO Ian Aaron of Ubicquia , a smart cell and smart grid technologies company, told PYMNTS that the past half year has changed the outlook for smart cities.

article thumbnail

B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative. Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead.

B2B 129
article thumbnail

Companies See Work From Home As A Security Threat

PYMNTS

Once rare, telecommuting has become routine during the pandemic. But the Financial Times (FT) reported moving from a furnished office space to a living room table can present cybersecurity risks. It comes as cybercriminals are already taking advantage of the pandemic. Hackers find ways into computers, tablets and cellphones to steal data and other valuable information.

129
129
article thumbnail

Report: Not One PPP Loan Has Been Forgiven

PYMNTS

More than 5 million small- to medium-sized businesses ( SMBs ) received $525 billion from the Paycheck Protection Program (PPP), the popular federal rescue initiative passed by Congress in March. But the Small Business Administration (SBA) program that promised loan forgiveness as long as SMBs used 60 percent toward payroll and 40 percent to other allowable expenses, has yet to forgive a single loan, Politico reported.

Alabama 127
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

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.

article thumbnail

Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends

PYMNTS

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. Yet, many of those disbursements are neither digital nor instant and available for consumers and microbusinesses to access and spend on demand, PYMNTS’ latest Disbursements Satisfactory Report found.

Tax 122
article thumbnail

Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

PYMNTS

Commercial properties in the U.S. may have lost as much as 25 percent of their value as the impact of the coronavirus has taken its toll on hotels, malls and other commercial buildings. The Financial Times (FT) reported the evidence of the losses can be seen in the commercial mortgage-backed securities (CMBS) market from appraisals. As a result, it raises questions over the value of these properties as collateral backing commercial mortgages.

article thumbnail

NEW DATA: Pandemic Pushes 70 Pct Of Businesses To Automate Accounts Receivables

PYMNTS

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects. These legacy methods often reduce the speeds at which firms deliver invoices and follow up on overdue payments, as they are less efficient for prioritizing co

article thumbnail

Target Pilots Buy Now Pay Later With Sezzle

PYMNTS

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations. The collaboration will involve “limited tests with a small portion of Target.com guests in two product categories to evaluate the efficacy of the Sezzle platform for Target’s retail operations.”.

Retail 120
article thumbnail

It Takes Two to Tango

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.