TaxConnex
FEBRUARY 10, 2022
This article was written for the Atlanta Business Chronicle Leadership Trust. To see the original post, click here. In a little more than three years since the Supreme Court’s Wayfair decision , multi-state sales tax has gone from a simple obligation for some companies that were based solely in one state to a nightmare of complying with 50 different states’ sales tax rules.
AccountingDepartment
FEBRUARY 8, 2022
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ThomsonReuters
FEBRUARY 8, 2022
1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. Do you know what your clients and prospects want, especially in terms of communication? With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you.
Acterys
FEBRUARY 11, 2022
In this post, I will cover some of the learnings from implementing large-scale xP&A (Extended planning & analytics) projects that include the handling of 2-way (read and write operations) within Power BI beyond the typical reporting and visualization aspects. In particular I will focus on analytical applications that include data collection, workflows, and more advanced calculation logic.
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
FEBRUARY 8, 2022
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. Oh Joy, oh revenue! State sales tax revenues and their local portions are reported up from Auburn, N.Y., to Colorado Springs, Colo., from Santa Barbara, Calif., to Mukilteo, Wash., defying predictions of the pandemic’s effect on government coffers – and delighting officials.
BurklandAssociates
FEBRUARY 9, 2022
In 2021, few industries received more venture capital investment than fintech, and many industry observers predict 2022 will be another banner investment year for the sector. To guide you through Read More. The post Fintech Landscape in 2022: Insights from a Fintech Co-Founder appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
FEBRUARY 10, 2022
2022 MHPAEA Report to Congress; EBSA News Release 22-89-NAT (Jan. 25, 2022). Report to Congress. News Release. The DOL, HHS, and IRS have issued a pointed report to Congress on the pervasive failure by group health plans to comply with the Mental Health Parity and Addiction Equity Act (MHPAEA). The report is required by the Consolidated Appropriations Act, 2021 (CAA), which expanded mental health parity compliance obligations by requiring health plans and insurers that impose nonquantitative tre
LSLCPAs
FEBRUARY 9, 2022
Transferring the Property Tax Base. Before we get too far into the year, we wanted to remind you of two significant changes that became effective in 2021 for California homeowners. They both relate to transferring the property tax base from an old to a new primary residence. California Property Tax Updates First Change For owners. The post California Property Tax Updates appeared first on LSL CPAs.
AccountingDepartment
FEBRUARY 10, 2022
As with any type of business, proper management of finances, and having a dedicated team or staff to handle said finances, is a critical component to long-term success.
Withum
FEBRUARY 8, 2022
Withum is excited to announce that Jeff Willinger joined the Digital Technology and Transformation team as the Firm’s first Digital Experience Director. Jeff specializes in advising clients on Digital Transformation strategies creating a True Digital Workplace and creating enterprise solutions, collaborative intranets and portals, employee involvement solutions and world-class modern solutions.
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.
ThomsonReuters
FEBRUARY 10, 2022
FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 52 (Feb. 4, 2022). Available at [link]. The DOL, IRS, and HHS have issued additional FAQ guidance addressing the terms and conditions under which group health plans must cover over-the-counter (OTC) COVID-19 diagnostic tests.
Patriot Software
FEBRUARY 10, 2022
Do employers have to offer health insurance? Under the Affordable Care Act, you must provide health insurance if you have 50 or more full-time equivalent employees. If this requirement doesn’t apply to you, you might decide to establish a QSEHRA plan. What is a QSEHRA plan? A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is […] READ MORE.
CPA Practice
FEBRUARY 9, 2022
The fight against burnout starts with managing stress. Sure, stress can be beneficial — your ancestors were certainly grateful for that “fight or flight” response — but burnout is not. It leaves you feeling emotionally and physically spent, even on.
Withum
FEBRUARY 7, 2022
An effective Risk Management Plan ideally considers multiple controls and intertwining processes that produce a system that doesn’t stop learning. Risk management planning is often a key project topic that comes to mind when strategizing towards a future state of a project, regardless of industry or company size. Risk management goes beyond a simple checklist of “to-do’s” and “not-to-do’s” but instead a dynamic and interconnected system of processes that
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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.
ThomsonReuters
FEBRUARY 9, 2022
Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. In part 1 of my blogpost on 2022 payroll trends , I was recalling a recent weekend getaway from Hoboken, New Jersey to Miami Beach, Florida and how prevalent payroll is in our day-to-day lives.
GrowthForceBlog
FEBRUARY 10, 2022
7 min read. On the journey to growing a successful business, many entrepreneurs learn an essential lesson early on: growth can't happen unless you make the business more about the vision and less about the entrepreneur.
RitaKeller
FEBRUARY 9, 2022
“Hearing is listening to what’s said. Listening is hearing what isn’t said.” – Simon Sinek. Often when I am talking with a group of CPAs or other CPA firm team members, I ask how many have had any formal training in listening. Rarely do I ever find anyone who has had some sort of listening training. You are in a people business.
Withum
FEBRUARY 9, 2022
NFTs have been around since the early days of crypto but have become more mainstream starting in 2020. While many people have heard of NFTs, very few can describe them. I will discuss what an NFT is and how the IRS views them for tax purposes. When most people think of NFTs, they think of virtual art. Common NFTs that have gone mainstream, aka the blue-chip NFTs, are Bored Ape Yacht Club (BAYC), Crypto Punks (Punk), and Smol Brains.
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
ThomsonReuters
FEBRUARY 7, 2022
The signing of the Family and Medical Leave Act (FMLA) celebrates its 29th anniversary this February 5. Signed in 1993, the FMLA provides workers of employers with at least 50 employees up to 12 weeks of unpaid leave per year for the birth, adoption, or foster care placement of a child, and time off to tend to their own serious health condition or of those in their family.
GrowthForceBlog
FEBRUARY 8, 2022
7 min read. What's the secret of successful nonprofits? Their executive directors use management accounting and budgeting for nonprofits to make data-driven decisions just like the most successful leaders of for-profit businesses.
CapataCPA
FEBRUARY 11, 2022
Employee Retention Tax Credit As we approach tax season, the Employee Retention Credit (ERC) may be an important credit for businesses. The ERC is a fully refundable IRS payroll tax credit (not a loan) available to employers with the potential of up to $26,000 per employee in federal payroll taxes. Businesses that received round one and/or. The post Employee Retention Tax Credit (ERC) appeared first on CPA firm in Orange County, CA | CAPATA.
Withum
FEBRUARY 11, 2022
Explore Other Episodes. #CivicWarriors #WithumImpact. The post Hip Hop for Change appeared first on Withum.
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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.
ThomsonReuters
FEBRUARY 7, 2022
A new year brings minimum wage increases in 21 states while Connecticut and Florida will increase their minimum wage rates later in the year. Minimum wage rates will also increase in many localities around the nation. . Minimum wage rate adjustments have not yet been determined for the District of Columbia, Nevada, and Oregon which are scheduled to take effect on July 1 of this year. .
LSLCPAs
FEBRUARY 10, 2022
On February 9, 2022, Governor Newsom signed the following two bills: SB 113: Passthrough Entity Elective Tax This bill is the much anticipated “fix” to the Passthrough Entity Elective Tax (PEET) Credit. It expands the benefits of making a PEET payment by: Repealing the 7% tentative minimum tax limitation on the PEET Credit. This makes. The post Governor Newsom Signed Two Major Bills: SB 113 – Relating to the Passthrough Entity Elective Tax and SB 114 – Relating to COVID-19 Related S
FraudFiles
FEBRUARY 10, 2022
How do you start a financial investigation? What would you look at first when analyzing a business? Tracy Coenen talks about some of the important things she would evaluate when starting a case with financial statements and income tax returns.
Withum
FEBRUARY 9, 2022
The qualified small business stock (QSBS) exclusion generally provides for a full or partial exclusion of capital gain realized on the sale of QSBS. If the requirements are met, then taxpayers can exclude from gross income capital gain in an amount equal to the greater of (i) $10 million or (ii) an annual exclusion of 10 times their basis in the stock sold (for an exclusion amount up to $500 million).
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.
ThomsonReuters
FEBRUARY 10, 2022
DOL Fact Sheet: FY 2021 MHPAEA Enforcement; Appendix: MHPAEA Guidance Compendium. Fact Sheet. Appendix. The DOL has issued a fact sheet summarizing 2021 mental health parity enforcement activity conducted by the DOL and the Centers for Medicare & Medicaid Services (CMS). The fact sheet explains the investigation process and provides examples of enforcement actions closed during fiscal year 2021.
LSLCPAs
FEBRUARY 10, 2022
With turnover across the country reaching unprecedented highs, many agencies are experiencing staff shortages and are dealing with unfilled positions. In accounting departments specifically, a single staff member leaving can cause a large problem. If not properly reviewed and planned for, one open position can easily leave gaps in internal controls in even the most.
Summit CPA
FEBRUARY 9, 2022
The Virtual CPA Success Show: Episode 53. In the first quarter of 2020, we published an episode and talked all about client onboarding. We wondered what has changed at Summit CPA since? And thought why not circle back on this topic to discover the lessons we've learned. In this episode, Jamie Nau, our host and Summit CPA's Director of Accounting/Virtual CFO; Adam Hale, our COO and Co-founder; Lydia Rapp, our Project Manager takes a step back to look at how far we've come in terms of onboarding c
Withum
FEBRUARY 9, 2022
Recent studies and polls by the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University concluded that ESOPs are good. They are good for business and good for employees. Customers opt to purchase from businesses that are employee owned, and when choosing between similar jobs, recruits opt for the job that provides them with employee ownership.
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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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