TaxConnex

APRIL 14, 2022

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. This is especially true when it comes to state registrations. For some reason, many of the software and service providers who claim to manage sales tax for you, don’t help with registrations, and if they do it comes at extra cost.

Sales 185

Sales Tax tax return Start-ups 185

GrowthForceBlog

APRIL 14, 2022

6 min read. No matter what size your organization is, all leaders - from seasoned business owners to new entrepreneurs- can find benefits from a ‘start-up’ mindset.

Start-ups 78

Start-ups 78

MyIRSRelief

APRIL 15, 2022

If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Our tax firm assists, helps and represents taxpayers facing tax problems such as unfiled tax returns, unpaid delinquent back taxes, IRS and state audits , payroll 941/940 problems, tax levies, liens, garnishments and other collection issues. Get tax relief representation and complete resolution today!

Connecticut 130

Connecticut Tax Real Estate tax return 130

VetCPA

APRIL 14, 2022

Perhaps the number one action you can take to support the financial health of your small business is to stay on top of accounting. Make sure you’re aware of most small businesses’ accounting challenges and learn how to overcome them. We’ll tell you how here! Banking. You’ve been banking for years, and you know how to manage the task.

accountant 130

accountant Account accounted payroll 130

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.

Account

TaxConnex

APRIL 12, 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. Give us a break. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

South Dakota 237

South Dakota Sales Tax North Carolina 237

BurklandAssociates

APRIL 11, 2022

This article is the second installment of a two-part series on supply chain challenges and Sales & Operations Planning (S&OP) for startups. In last week’s article we examined cash management Read More. The post Sales & Operations Planning (S&OP) Process for Startups appeared first on Burkland.

Sales 130

Sales 130

ThomsonReuters

APRIL 14, 2022

In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. Recently elected New York City Mayor Eric Adams added to the tweet responses on November 4, 2021, by writing that he would receive his first three paychecks via Bitcoin after being sworn in as mayor.

New York 119

New York Tax Illinois payroll 119

Reckon

APRIL 10, 2022

It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support packages, but these were no silver bullet. Promoting and ensuring a healthy cash flow was always a central pillar of a successful business.

accounting software 98

accounting software bookkeeping Sales Government 98

Ryan Lazanis

APRIL 14, 2022

In this podcast episode, I shared 3 valuable ideas that can help you avoid getting stressed out if you’re offering the least scalable service — individual tax preparation. Listen below. 1:05 – You simply can’t scale your firm when you focus on individual tax prep services for a quarter of the year. 1:26 – It’s difficult to find qualified people to fill in the capacity gaps that’s why most firms just push through the busyness. 1: 36 – Personally, I refuse to do this service in o

tax preparation 98

tax preparation Tax accountant accounted 98

Withum

APRIL 11, 2022

On Thursday the House passed H.R. 3807 , Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would add an additional $42 billion to the Restaurant Revitalization Fund (RRF) and fund $18 billion to a newly created Hard Hit Industries Award Program (HHIAP). If passed by the Senate, the bill would ensure funding for more than 177,000 restaurants whose applications were placed on hold when the fund was exhausted in July of 2021.

tax services 126

tax services business tax Tax 126

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.

Account

ThomsonReuters

APRIL 14, 2022

IRS Employee Plans News (Mar. 25, 2022). Available at [link]. The IRS has announced that, due to COVID-19-related backlogs, it is suspending the issuance of certain delinquent filing notices relating to returns filed by tax-exempt or governmental entities, including employee benefit plans. Suspended notices include reminder notices about Form 5500-EZ and 5500-SF filing requirements, first delinquency notices for Form 5500 and 5500-SF, and second delinquency notices for Form 5500.

Tax 98

Tax accountant Account accounted 98

Going Concern

APRIL 13, 2022

Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. It took me all of three seconds of Googling — which coincidentally is exactly how much time I’m willing to commit to researching an artic

Gaming 93

Gaming 93

Basis 365

APRIL 13, 2022

Does it make sense to outsource your accounting? Of course, it does! More and more companies are allowing outsourced accounting firms to take care of their accounting functions and are reaping all the benefits outsourced accounting offers. You can save money all around Outsourced accounting services can save companies money as they don't have to pay full-time employees and their benefits.

accountant 92

accountant Account accounted Non-Profits 92

Withum

APRIL 11, 2022

On Friday, March 25, 2022, the IRS announced that it will suspend sending the notices that they generally mail to tax-exempt organizations resulting from what its systems believe is the late filing of tax returns. The IRS explained that the suspension of notices results from it not yet processing millions of tax returns, many of which were timely filed, and other pieces of mail, resulting from erroneous notices.

tax return 122

tax return tax preparation Education Tax 122

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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.

financial statements

ThomsonReuters

APRIL 15, 2022

Focusing on a specific niche rather than trying to accommodate the needs of every business could help your accounting firm better serve its clients. In this episode of Pulse of the Practice , Paul Miller, Owner of Business By Design , and I are joined by Rachel Clark, Client Director at All About Accounting. We had an interesting conversation about how the firm found its niche and built its business model around specialization.

Real Estate 98

Real Estate accountant Account accounted 98

Ryan Lazanis

APRIL 13, 2022

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. Let’s go! What is a Workflow? Your organization has a variety of critical tasks that need to be completed on an ongoing basis. A workflow is therefore the sequence of steps required to move a task from beginning to end in order to complete it.

accountant 88

accountant Account accounted accounting firms 88

CTP

APRIL 15, 2022

Every tax professional needs to be conscious of how to manage their practice ethically. An important resource in this matter is Circular 230 , a publication that regulates practice before the IRS for attorneys, CPAs, and enrolled agents. Even if these professionals have other ethical obligations as defined by their governing body or rules of conduct, following the general concepts of Circular 230 will likely help them fulfill the duties they have in other areas.

Tax 87

Tax tax planning tax return CPA 87

Withum

APRIL 12, 2022

The tax due date for most individual tax returns this year is April 18. If you are unable to complete your return to file by April 18, you can file for an extension to submit your return by October 17. However, the extension does not cover the payment of the tax due. The taxes need to be paid by April 18, or you will be assessed interest and penalties, and if the correct payments are not made, it is possible that the extension will not be accepted, and late filing penalties will also be due.

tax return 105

tax return Tax audit tax preparation 105

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

Sales

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! While the rules were often complex and the substantiation requirements thorough, COVID-19 credits were well worth claiming and significantly helped companies stay financially afloat.

payroll tax 98

payroll tax payroll tax return Tax 98

Going Concern

APRIL 13, 2022

As a Fisbhowl user, I received a notification on my phone this evening that “KPMG was tagged in a post,” and this was the post : I had no idea this was a thing. Someone in the comment section said the commercial was on KPMG US’s YouTube channel , so I went there, and sure enough, there are a series of three “Reconnect with KPMG” ads. And I watched them.

Entertainment 86

Entertainment public accounting accounting firms accountant 86

SkagitCountyTaxServices

APRIL 13, 2022

For as long as trade has existed, so has accounting. Goods are sold, profit is made, expenses are accrued, and everything gets recorded (presumably, ha!). And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry.

small business accounting software 84

small business accounting software small business accounting accounting software business accounting 84

Withum

APRIL 13, 2022

Kimberlee S. Phelan. Partner Princeton, NJ. Robert Mullins. Partner – Roha Africa. Sonkwe Kasonkomona. Associate Director of Tax Services – HLB Zambia. Food: Zambia Nshima Ifinkubala Dubai, United Arab Emirates Luqaimat Knafeh. Sightseeing: Zambia, Africa Victoria Falls in Livingston Lake Kariba Dubai, United Arab Emirates Expo World International Fair (Until End of March beginning of April) Desert/Dunes (Picnic/Camp).

tax services 103

tax services Tax 103

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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

APRIL 14, 2022

QUESTION: Can we use a single definition to determine the prohibited group when conducting the nondiscrimination tests that apply to our cafeteria plan, health FSA, and DCAP? ANSWER: No. Cafeteria plans, health FSAs, and DCAPs are all subject to nondiscrimination requirements under the Code that are generally intended to prevent these plans from discriminating in favor of certain highly paid and key employees (the prohibited group).

Tax 90

Tax accountant Account accounted 90

AccountingDepartment

APRIL 12, 2022

Cash flow forecasting is an important process. It's used to estimate the flow of cash that comes in and goes out of a business over a set time period. When it's accurate, it makes it easier for a business owner to predict future financial positions. By making those kinds of predictions, the owner of a business is better able to avoid cash shortages, and invest surplus cash effectively.

accounted 82

accounted Account accountant 82

Going Concern

APRIL 12, 2022

Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the real superhero here? Related articles: Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be.

accountant 81

accountant Account accounted 81

Withum

APRIL 12, 2022

Withum is proud to share that ROI-NJ has named Zsia Rosmarin as a Top Influencer in their Women in Business List for 2022. Zsia is a partner at Withum with over 20 years of experience in accounting and business and strategic tax. She leads the Tax Tech and Emerging Growth Industry Group, where she consults on various related tax issues, and she serves as the Women in Tech Team Leader for the Technology and Emerging Growth Industry Group.

Technology 98

Technology Tax accountant Account 98

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.

Randal DeHart

APRIL 15, 2022

With the potential for business life to return to something resembling normal, it's good to look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve or took you away from your overall goals. Considering how your business and your employees functioned in recent years can help you predict upcoming trends, enabling you to plan for adjustments.

Construction 78

Construction Technology bookkeeping accountant 78

AccountingDepartment

APRIL 14, 2022

In today's world, operating with manual, pen & paper processes is a way of the past. There just isn't enough time in the day anymore to keep up with it!

NetSuite 88

NetSuite accountant accounted Account 88

Going Concern

APRIL 14, 2022

When it comes to the Fortune BCTWF, gone are the days of the Big 4 firms being ranked among, say, the top 50 companies and then you have a midtier public accounting firm or two ranked somewhere between Nos. 51 and 100. Nowadays you’ll see a non-Big 4 firm or two ranked higher than one or more of the Final Four Horsemen of the Accounting Apocalypse. Case in point, the 2022 BCTWF ranking.

public accounting 78

public accounting accounting firms accountant Account 78

Withum

APRIL 15, 2022

Have you ever heard the phrase, what keeps you up at night? If you’re a healthcare executive, there is an ever-growing list of challenges, including patient care, staffing, technology and equipment, facilities, and pandemics. And those are just the primary concerns. This leaves little room to be consistently overburdened with extra administrative oversight of internal processes, applications, IT infrastructure, and vendors.

Healthcare 80

Healthcare audit cpa firm CPA 80

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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.