DuctTapeMarketing
SEPTEMBER 24, 2020
Why small business owners need to own marketing instead of renting it written by John Jantsch read more at Duct Tape Marketing. Odds are this question has crossed your mind at one point in time if you’re a small business owner: “Should I hire someone in-house for marketing or continue to seek outside help?”. So many small business owners are afraid to hire marketing people internally.
TaxConnex
SEPTEMBER 24, 2020
It has been two years since the US Supreme Court passed the Wayfair decision which paved the way for states to enact economic nexus rules. At this point, the majority of finance professionals understand the need to maintain sales & use tax compliance. Most businesses have some type of process in place although it may not be comprehensive enough.
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SMBAccountant
SEPTEMBER 23, 2020
Nearly all businesses have some kind of fixed assets. A fixed asset is something purchased or assembled that is intended for long-term use. It is not a liquid asset and cannot be converted quickly to cash. The useful life, or amount of time the asset should be useful to the company, must be greater than one year and be greater than the established corporate limit.
Bharmal&Associates
SEPTEMBER 21, 2020
PPP Update: Two New Rules for Owners of S & C Corporations. The Payroll Protection Program (PPP) rules—they keep a-changing. During the past month, the Small Business Administration (SBA) issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good news for the Payroll Protection Program (PPP): More forgiveness.
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.
BurklandAssociates
SEPTEMBER 24, 2020
How can a growing tech startup that is not yet profitable drive towards profitability during a recession? Burkland CFO Marc Zablatsky joins CFO Daily News, Procurify, and a small panel Read More. The post How Startups Can Utilize Spend Management & Drive Growth appeared first on Burkland.
TaxConnex
SEPTEMBER 22, 2020
This article was written for the Atlanta Business Chronicle Leadership Trust. To see the original post, click here. Taxes are an integral part of the telecom world. Taxes, fees and government surcharges on telecommunications services increased from 19.1% to 21.7% in 2019 (even as average monthly bills for consumers actually dropped). In talking with countless telecommunications service providers about their various tax and regulatory requirements, there are some recurring themes I hear that can
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Bharmal&Associates
SEPTEMBER 21, 2020
Seven Things To Know Before You Take Out EIDL Loan. Small Business Administration (SBA) Economic Injury Disaster Loans (EIDLs) can be a great source of low-interest funding for businesses struggling with the economic impact of the COVID-19 pandemic. Unlike Payroll Protection Program (PPP) loans, EIDLs are not forgivable—borrowers have to pay them back.
BurklandAssociates
SEPTEMBER 21, 2020
Here are 2021 tax deadlines for startups including U.S. Federal tax filing dates, and key tax dates for San Francisco, New York, and Seattle. You can estimate your tax preparation Read More. The post 2021 Tax Deadlines for Startups appeared first on Burkland.
SMBAccountant
SEPTEMBER 23, 2020
Nearly all businesses have some kind of fixed assets. A fixed asset is something purchased or assembled that is intended for long-term use. It is not a liquid asset and cannot be converted quickly to cash. The useful life, or amount of time the asset should be useful to the company, must be greater than one year and be greater than the established corporate limit.
PYMNTS
SEPTEMBER 21, 2020
Gross negligence – or evidence of a battle waged by banks that requires new, high-tech weaponry? To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity.
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.
PANALITIX
SEPTEMBER 20, 2020
RESOURCES / ARTICLES. Improving Workflow. to Drive Profit and Growth. We hear a lot about accountants evolving their businesses to offer high margin (advisory) services. This makes sense as technology innovation, increased competition and downward price pressure impact the industry. The fact is, however, that most accounting businesses will continue to offer compliance services because they are in demand and are the bedrock of an accounting business.
Patriot Software
SEPTEMBER 25, 2020
Between 50% – 78% of workers live paycheck to paycheck. These employees (and likely all employees) count on receiving their wages on their scheduled pay date. But, bank holidays might pose a slight hiccup. What happens if payday falls on a bank holiday? What happens if payday falls on a bank holiday—or around it? Although […] READ MORE.
FusionCPA
SEPTEMBER 21, 2020
As your e-commerce business grows it becomes increasingly complicated and you may be looking at all-in-one solutions like Xero accounting and Xero taxes. Staying current and organized when it comes to your bookkeeping starts to demand more and more time. You and your CFO may be looking for ways to simplify your bookkeeping. On the other hand, you may need to take a more in-depth look into your numbers but don’t have the time to sort through all the data and don’t know where to start to create a
PYMNTS
SEPTEMBER 22, 2020
The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . A letter by the Office of the Comptroller of the Currency (OCC) published on Monday (Sept. 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins.
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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.
Katz,Sapper&Miller
SEPTEMBER 24, 2020
The U.S. Small Business Administration (SBA) officially opened the Paycheck Protection Program (PPP) forgiveness application portal to lenders on Aug. 10, 2020. Some banks are accepting applications and borrowers are beginning to prepare loan forgiveness applications. Recent guidance provides significant clarifications regarding owner-compensation limitations, payroll costs, and self-rental costs.
Patriot Software
SEPTEMBER 23, 2020
When you have employees, you are responsible for paying them—but not before taking out some money for payroll taxes. The IRS, Social Security Administration (SSA), and state and locality (if applicable) all require payroll tax withholding. So, what is payroll tax withholding? What do you need to do to stay compliant? What is payroll tax […] READ MORE.
AccountingDepartment
SEPTEMBER 22, 2020
ACCOUNTING IN THE AGE OF AUTOMATION AND AI: EXPLORING POSSIBILITIES, OPPORTUNITIES & CHALLENGES IN ACCOUNTING TODAY.
PYMNTS
SEPTEMBER 25, 2020
Digital dollars could make the leap from concept to reality, but there might be a few ways to get there. Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.
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
Katz,Sapper&Miller
SEPTEMBER 22, 2020
The IRS recently issued a new set of final and proposed regulations impacting many international tax concepts introduced as part of the Tax Cuts and Jobs Act (TCJA). As a refresher, the TCJA enacted section 951A, often known as Global Intangible Low-Taxed Income (GILTI), and requires a U.S. shareholder of a Controlled Foreign Corporation (CFC) to include certain income earned by a CFC in taxable income annually.
FusionCPA
SEPTEMBER 24, 2020
If you are the owner of your own business or if you are launching a startup of your own, you may be using QuickBooks for accountants to track invoices while managing your expenses. However, knowing the signs that you have outgrown QuickBooks Online - Intuit's solution suitable for small businesse s - to a solution more suitable for scaling. Or maybe you want to outsource accounting completely.
SchoolofBookkeeping
SEPTEMBER 23, 2020
Once you record transactions, QuickBooks posts to accounts at the time it was recorded, but sometimes you may realize that it was posted to the wrong way. How do you update multiple transactions at once? Fortunately there are several ways. Read More. The post Reclassifying Multiple Transactions at Once in QuickBooks appeared first on schoolofbookkeeping.com - Ignite Your Practice!
PYMNTS
SEPTEMBER 23, 2020
In the journey to improve the payments experience, sometimes the best user experience (UX) is an unnoticeable one. Payment innovators are migrating toward making payments nearly invisible to the payer, with the goal of enabling the movement of funds so seamless and friction-free that the user is less able to identify that a transaction is even taking place.
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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.
Katz,Sapper&Miller
SEPTEMBER 22, 2020
In response to the global pandemic caused by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provided increased funding for existing programs and funded at least 20 new federal programs to help stimulate the economy.
AccountingDepartment
SEPTEMBER 24, 2020
It was only just a few years ago when our teams sat among the huge main sessions (unthinkable these days!) of QuickBooks Connect and Scaling New Heights. We heard all about the future of cloud accounting, how machines would be taking over, and how we could best prepare for the future of automation and AI. Truth be told, we probably could’ve given many of those presentations as we were already 100% virtual.
KROST
SEPTEMBER 21, 2020
The COVID-19 pandemic has completely changed what we once thought was normal. With social distancing becoming a way of life, millions of Americans are now working remotely. For many, there is no certainty as to when or if they will return to their workplaces. As the pandemic drags on, many businesses have allowed their employees to continue to work remotely.
PYMNTS
SEPTEMBER 21, 2020
Merchants, quite logically, want to keep transaction conversion rates high. And consumers want to pay with their preferred methods, across cards or digital wallets. Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed.
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.
CTP
SEPTEMBER 22, 2020
As the old saying goes, it takes money to make money. Sure, your small business owner clients can bootstrap their new business to a certain extent. However, when it’s time to scale and make substantial investments in property and/or personnel, in most cases, outside capital has to be acquired. And truth be told, many of […]. The post Why Your Database Is Your Most Powerful Asset appeared first on certifiedtaxcoach.
FraudFiles
SEPTEMBER 21, 2020
Have you seen these invitations to “join an investment club” on social media? They’re frauds. They’re scams. They’re not investment clubs. This is a typical pyramid scheme (also called Ponzi scheme ). Below is the scam being promoted by an attorney in Washington D.C. who has a pretty decent social media following. For weeks, she’s been posting screenshots like this: You see that she’s receiving money “from an external Bitcoin account.” Over
KROST
SEPTEMBER 25, 2020
We would like to extend our congratulations to Lilit Davtyan for receiving the title of Large Private Company CFO of the Year. She received this recognition during the 14 th Annual CFO Awards hosted by the Los Angeles Business Journal on September 23, 2020. Lilit is the CFO of one of our valued clients, Phonexa , an all-in-one platform for ROI-driven marketing.
PYMNTS
SEPTEMBER 20, 2020
FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says. AFEX works to implement cross-border solutions to aid small to medium-sized businesses (SMBs), helping them to grow internationally, the release says.
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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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