Sat.Apr 02, 2022 - Fri.Apr 08, 2022

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Deadlines galore: One of the biggest challenges of sales tax

TaxConnex

Federal Income Tax Day, April 18 th , looms large in everybody’s mind right now. Too bad sales tax doesn’t come with a deadline that simple. State sales tax filing obligations come in a dizzying number of deadlines for you to follow (potentially with bad consequences if you don’t). And generally, the higher the volume of tax you’ll be reporting, the more often you have to file.

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6 Ways to Help Clients Face Financial Fears

Accounting Web

Practice 6 Ways to Help Clients Face Financial Fears.

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What is a Virtual Bookkeeper and How Can One Help Your Business?

AccountingDepartment

Hiring a bookkeeper can be a great way to make sure your company's accounting needs are being handled. But you might be surprised to know that the bookkeeper doesn't have to be in-house, at all. Virtual bookkeeping is becoming much more common today, and a virtual bookkeeper could be the perfect choice for your business needs. With so many remote and telecommuting options available today, outsourcing your company's bookkeeping needs is a great way to make things easier.

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2022 Pocket Tax Guide

Withum

The goal of minimizing tax liability likely drives a desire to discover new advantages in the tax law. If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. We can help. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments.

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The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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The Evolving Taxability of SaaS

TaxConnex

Tangible personal property has historically been subject to the collection and remittance of sales tax while many services have been non-taxable (or exempt). More and more services are becoming taxable and represent a potential big wave of tax changes and updates in the years ahead. If your business sells?software or software-as-a-service?(SaaS), you deal with one of the most complex sales tax situations today.

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Cash Management & Supply Chain Challenges of Startups

BurklandAssociates

This article is the first installment of a two-part series on cash management and supply chain challenges of startups. Check back next week for the second installment, where we’ll explore Read More. The post Cash Management & Supply Chain Challenges of Startups appeared first on Burkland.

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Accepting Non Fungible Token (NFT) Donations with Sostento

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Accepting Non Fungible Token (NFT) Donations with Sostento appeared first on Withum.

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QuickBooks Updates in April: QuickBooks Business Network Roll Out, Desktop Migration, ProAdvisor Support Updates and More

SchoolofBookkeeping

Intuit QuickBooks is offering powerful tools that make work easier for small business and accounting professionals. With this in mind, they’ve rolled out a new network that aims to simplify and streamline processes, introduced another premium app, as well as a few updates to our platforms to make your life easier. The QuickBooks Business Network.

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Proposed Regulations Would Base Eligibility for ACA Premium Tax Credits on Affordability of Family Coverage

ThomsonReuters

Proposed Rule: Affordability of Employer Coverage for Family Members of Employees, 26 CFR Part 1, 87 Fed. Reg. __ (Apr. 7, 2022). Available at [link]. The IRS has proposed regulations that would change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) by providing that affordability of employer-sponsored coverage for an employee’s family members would be based on the employee’s cost to cover the employee and those family members, rather than the cost of employe

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Quick Tips To Help Keep the Books Balanced

AccountingDepartment

Accurate and healthy accounting is vital for all businesses but often falls by the wayside for business owners, especially if they are juggling other responsibilities of managing and maintaining day-to-day operations. However, accounting should never be treated as an afterthought because it can lead to mistakes for the company. When accounting mistakes occur, it can hinder growth and cause uncertainty in the company's future success.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Accepting Non Fungible Token (NFT) Donations with Sostento

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Accepting Non Fungible Token (NFT) Donations with Sostento appeared first on Withum.

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What Are Payroll Taxes?

Patriot Software

Employers juggle many responsibilities, including calculating and withholding payroll taxes and other deductions. But, what exactly does payroll taxes include? And, how do you know how much to withhold from employees’ wages? If you’re wondering about understanding payroll taxes, never fear—your payroll taxes breakdown is here. What are payroll taxes?

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Court Vacates DOL’s Withdrawal of FLSA Independent Contractor Regulations

ThomsonReuters

Coalition for Workforce Innovation v. Walsh, No. 1:21-cv-00130-MAC (E.D. Tex. Mar. 14, 2022). In 2021, the DOL withdrew regulations on determining whether a worker is an independent contractor for purposes of the Fair Labor Standards Act (FLSA) (see our Checkpoint article ). The regulations had been issued in final form in January 2021 with a March 8, 2021 effective date but were almost immediately subject to a regulatory freeze (see our Checkpoint article ), and then delayed to May 7, 2021 (s

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How To Start a Bookkeeping Business in 2022 [Step by Step]

Ryan Lazanis

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Three Team Members Named to The Washingtonian’s Best Financial Advisers List

Withum

Withum is proud to share that The Washingtonian selected team members Joel Susco , Brian Wynne and Billy Thomas for their DC’s Best Financial Advisers list. Joel and Brian, Partners, and Billy, Senior Manager, were chosen for the directory because of their industry expertise, community involvement and trustworthy reputations in the DC business world.

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20 Small Business Tax Deductions You Need to Know

xendoo

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . Before we get into the nitty-gritty of what you can count as a tax deduction, let’s define what a tax deduction is and isn’t.

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CMS Announces 2023 Medicare Part D Benefit Parameters Used for Creditable Coverage Disclosures

ThomsonReuters

Announcement of Calendar Year (CY) 2023 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (Apr. 4, 2022); Fact Sheet: 2023 Medicare Advantage and Part D Rate Announcement. Announcement. Fact Sheet. Under Medicare Part D regulations, most group health plan sponsors offering prescription drug coverage to Part D eligible individuals (including active or disabled employees, retirees, COBRA participants, and beneficiaries) must disclose to those individuals and to CMS wh

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Accounts Payable Workflow Automation [11 Benefits + Best Practices]

Ryan Lazanis

Want all the information you need about accounts payable workflow automation? You’ve come to the right place. In this article, you’ll learn: What accounts payable automation is. 11 different benefits of automating this process. The best tools to automate A/P. How to specifically automate A/P. Let’s dive in! What is Accounts Payable Workflow Automation.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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The Way to Wealth by Benjamin Franklin

Withum

Ken Burns’ Benjamin Franklin debuted on PBS last night and will continue tonight. If you missed it, I am sure you will have many opportunities to watch it when it is re-run. Benjamin Franklin’s summary of his advice on “The Way to Wealth” appeared in his 1758 and final edition of Poor Richard’s Almanac. The entire 25 year run of the Almanac is still being published and various editions are easily available at online booksellers and many brick and mortar stores and public libraries.

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Better Late Than Never: PCAOB Fines Ex-KPMG Vice Chair of Audit Scott Marcello $100,000 In Connection With Inspection Scandal

Going Concern

Scott Marcello. It only took five years, but Scott Marcello finally received some sort of punishment for what happened in KPMG’s audit practice several years ago as partners were working with PCAOB insiders to illegally receive advanced notice of the PCAOB’s inspection plans for KPMG audits. Marcello, KPMG’s former vice chair of audit, was fined $100,000 today by the PCAOB under a new disciplinary category—“supervisory failures”—regarding KPMG getting and using confidential PCAOB inspection info

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Are There Any Substantiation Requirements for Transit Passes Distributed by a Qualified Transportation Plan?

ThomsonReuters

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. Passes are distributed directly to employees; cash reimbursements are not allowed. Should we require substantiation or certification that an employee is using the pass to get to work? ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.

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Budgeting and Forecasting: What are the differences and why they matter?

Basis 365

If you're like many small business owners, you may think that forecasting and budgeting are one in the same; however, you'd be wrong. No matter the size of your business, it's essential to have an accurate forecast and budget as both work together to help you reach the ultimate goal of financial prosperity. But while both are equally important - budgeting and forecasts are two completely different financial beasts.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Erin Sweeney Wins 34th Annual Hoops For Hope Tournament

Anders CPA

After an intense NCAA tournament, Erin Sweeney crafted the winning bracket in the 34th annual Anders Hoops for Hope tournament! Erin beat the odds to come in first place this year out of 639 total brackets. Thank you to our sponsors and everybody that participated to make this year such a success! All participant and sponsor donations benefitted the 2022 Charity of Choice, Lydia’s House.

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Making Sure Everyone Gets Paid in Skagit County Business Partnerships

SkagitCountyTaxServices

The first months of 2022 have been somewhat of a whirlwind. And while people everywhere are breaking out the deep cleaning sprays and scrub brushes to get a little springtime sparkle, you might want to be thinking about a similar process for your business. You know, while we’re all in the mood. (Though I should state for the record that here at Padgett & Padgett, PLLC CPA … we’ve been in busy season mode, and aren’t quite in that “spring cleaning mood” yet, ha.).

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4 Keys to Selling Your Boss on New Tax Compliance Solutions

ThomsonReuters

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff. What’s more, you’ve found the new software solution that you believe can deliver all of the powerful, time-saving tools your firm needs to work better and faster.

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Top Ten: Why email makes accountants’ lives difficult

Lockstep

Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes with limited collaboration capabilities means teams are using Slack, Teams, productivity tools, phone calls, IMs, and smoke signals to close the books.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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SECURE Act 2.0 Allows Taxpayers To Generate More Roth Retirement Income 

Withum

The House recently passed H.R. 2954 Securing a Strong Retirement Act , often referred to as SECURE Act 2.0, putting a full-court press on the need for Americans to add more to their retirement accounts. So for all of you who have been searching for ways to invest in Roth retirement plans, the bill should make you feel like Christmas came early. However, the aspects of the bill that would tax retirement contributions, as opposed to distributions, could be surprising for some.

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Expense Expectations of Hiring a New Employee

Basis 365

Business is booming, and suddenly, you need extra hands in the office to accomplish your many emerging tasks. As a result, it's time to start thinking of hiring new employees. Though this phrase is inspiring and productive for your company, recruiting new staff members is also a timely and financially costly assignment. Unless you know what to expect and how to handle the changes well, onboarding personnel can cause significant financial and management problems for your industry.

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How to Confidently Implement Strategic Advisory Services, and Get Your Boss On Board

ThomsonReuters

Whether you’ve read about it in industry publications, heard about it at trade conferences or discussed it with your peers, you know that more and more firms are shifting away from compliance-based practices in favor of higher-value advisory services. You understand the importance of providing clients more proactive, strategic advice, but you’ve been unsure how to make the pivot — until now.

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Delight Your Online Prospects - Converting Visitors Into Clients

Randal DeHart

Businesses are increasingly moving online to expand their reach and provide the best possible experience to their customers. Being online, however, means more competition, so business owners must come up with ways to amp up their game to gain a more significant market share. You won't build a loyal client base if you can't earn your visitors' trust, so companies value social proof so highly.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.