TaxConnex
JANUARY 18, 2022
There’s a lot of talk in sales tax about nexus, thresholds, forms, filing and many other details of compliance. One often overlooked aspect of compliance, but extremely important, is the sales tax exemption certificate. An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is a resale exemption certificate (aka a resale certificate).
RogerRossmeisl
JANUARY 16, 2022
(This is Blog Post #1159). The post Keep Your Tax Return Safe from “Ghosts” appeared first on Roger Rossmeisl, CPA.
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Bharmal&Associates
JANUARY 19, 2022
When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property. Moreover, rental real property owners are entitled to depreciation even if their property goes up in value over time (as it usually does).
BurklandAssociates
JANUARY 17, 2022
Summary: R&D tax credits incentivize innovation with up to $250,000 in annual tax savings. The ERC provides up to $21,000 in credit values per employee in 2021. Companies cannot use Read More. The post ERC and R&D Tax Credits for the 2021 Tax Year appeared first on Burkland.
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
JANUARY 20, 2022
Notices are a way for taxing jurisdictions to get in touch with you. Monitoring and responding to notices as well as making the corresponding adjustments or taking the prescribed actions is one of the many pieces of your sales tax compliance process. A very important piece in fact, as ignoring a notice can put you and your business in hot water, opening the door to additional penalties and fees.
RogerRossmeisl
JANUARY 19, 2022
Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of an employee’s earnings that is subject to Social Security tax is capped for 2022 at $147,000 (up from $142,800 in 2021). Deductions Standard business mileage rate, per mile: 58.5 cents (up from 56 cents in 2021) Section 179 expensing: Limit: $1.08 million (up from $1.05
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
JANUARY 18, 2022
Estimate your tax preparation costs using our Startup Tax Preparation Cost Calculator. 2022 Tax Calendars 2022 U.S. Tax Deadlines for Startups 2022 San Francisco Tax Deadlines for Startups 2022 New Read More. The post 2022 Tax Deadlines for Startups appeared first on Burkland.
ThomsonReuters
JANUARY 21, 2022
It’s a new year and that means new tax laws and other tax changes. Below are changes that take effect this year, along with other tax planning information. Filing deadlines. First off, the deadline to file individual tax returns is April 18. Other deadlines are: January 17, 2022 : 4th quarter 2021 estimated tax payment due. March 15, 2022 : Partnership and S corporation returns for calendar year 2021.
RogerRossmeisl
JANUARY 19, 2022
Prevention is the heart of any fraud mitigation program. But sometimes even solid internal controls fail (because, for example, a manager overrides controls) and occupational fraud occurs. If you suspect an employee of stealing, you’ll want to do everything you can to ensure the perpetrator is caught. In most cases, you should hand a fraud investigation over to your attorney and a forensic accounting expert.
xendoo
JANUARY 17, 2022
As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. But that doesn’t mean that tax season needs to cause you stress. We’ve prepared this helpful guide explaining tax preparation for small business owners in the hope that it will help you learn to meet the requirements of both your personal and busine
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.
Withum
JANUARY 17, 2022
Getting affairs in order is a lifetime pursuit only ending when your life ends. Personal affairs include estate planning documents such as a will, health care proxy, living will and power of attorney and instructions for your funeral and obituary. Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your tax preparation fees and claiming unclaimed funds.
FraudFiles
JANUARY 20, 2022
Divorces and child support cases often focus heavily on financial issues. Whether the parties to a case are of modest means or great wealth, both sides want their own version of what is fair. Unfortunately, this can lead one or both parties to hide income and assets. With the help of a financial expert, counsel can identify income and assets that might otherwise go undiscovered, and hopefully reach an equitable end to a divorce or child support case.
RogerRossmeisl
JANUARY 19, 2022
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if you typically don’t file until much closer to the April deadline (or you file for an extension until October), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.
xendoo
JANUARY 21, 2022
We frequently discuss the impact of fintech companies on financial services, but taxation is frequently overlooked. Tax filing is an unavoidable requirement, and most people hire professionals to do their taxes for them to avoid any misunderstandings with the government. Taxes can cause stress not only for consumers but also for small businesses. There are numerous fintech companies available to assist both individuals and businesses in not only understanding but also paying their taxes.
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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.
Withum
JANUARY 20, 2022
My contention is that it is very difficult to beat the market and that the nonprofessional investor is best sticking to index funds. There are a lot of reasons for this and also a lot of “definitions” about which index is the right or most appropriate in a given situation. Today I do not want to discuss indexing but rather want to provide information about the performance of the S&P500 index sectors.
ThomsonReuters
JANUARY 20, 2022
Department of Labor Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2022, 87 Fed. Reg. 2328 (Jan. 14, 2022). Available at [link]. The DOL has announced the 2022 annual adjustments to the civil monetary penalties for a wide range of benefit-related violations. As background, legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year (see our Checkpoint article ).
AccountingDepartment
JANUARY 18, 2022
Simply put, a virtual bookkeeping service is when an accountant or bookkeeper works with their client in a remote fashion. It is done by utilizing various accounting software and the software allows the bookkeeper to share an account with the client. Often, many business owners are overburdened with trying to keep up with the demands of running a business on a daily basis.
GrowthForceBlog
JANUARY 20, 2022
7 min read. We’ll cut to the chase: the IRS does not require nonprofit organizations to obtain audits (except in very rare circumstances). But does that mean your organization is totally exempt from audits?
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
Withum
JANUARY 21, 2022
The COVID-19 pandemic has forced employers to get creative with their employee benefit programs to keep and attract talent. With employees working from home for the past two years, a new employee benefit option is becoming more popular – PTO buybacks programs. Offering this new benefit or loosening restrictions on existing PTO programs is great for employee morale, but it can cause unintended tax consequences under the constructive receipt doctrine.
ThomsonReuters
JANUARY 21, 2022
Like all healthy relationships, strategic partnerships thrive through give and take. By contributing skills and resources their business partner lacks, both parties expand their overall ability to create value. For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey.
xendoo
JANUARY 21, 2022
The Shrimp Tank Podcast welcomes our CEO, Lil Roberts, for “The Time is NOW” where she shares her expertise in the world of financial technology and entrepreneurship! Please check out their information-packed episode! The post The Shrimp Tank Podcast -The Time is NOW, Features CEO Lil Roberts appeared first on Xendoo.
GrowthForceBlog
JANUARY 19, 2022
7 min read. When you become a business owner or CEO, your business depends on your own ability to be productive. And we all know, this is easier said than done!
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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.
Withum
JANUARY 19, 2022
New Jersey business owners may want to reconsider passing on the NJ BAIT election due to recent legislative change. Governor Murphy signed into law a bipartisan bill (S4068) that enhances the state’s electable pass-through entity (PTE) tax, known as the New Jersey Business Alternative Income Tax (BAIT) on January 18, 2022. The newly enacted legislation remedies a number of implementation issues with the originally enacted BAIT statute that prevented many business owners from making the election.
PYMNTS
JANUARY 18, 2022
The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. The purchase of Munich-based Bankhaus von der Haydt, established in 1754, is a vital step in its goal of creating “a regulated crypto products powerhouse in the heart of Europe,” said BitMEX Group CEO Alexander Höptner in a blog post.
RitaKeller
JANUARY 20, 2022
“People may hear your words, but they feel your attitude.” – John Maxwell. Many think accounting and being a CPA is a number business. A number career. A career for a math whiz. Wrong! It is a people business. I remember an extremely knowledgeable CPA tax advisor who told me he just loved to work on taxes and figure out challenging situations but when faced with meeting with a client, in person, his stomach began to ache.
Ronika Khanna CPA,CA
JANUARY 21, 2022
A friend of mine has been in a nightmare scenario with CRA. She hadn’t filed her tax return in a few years mostly because she had one T4, figured that she didn’t owe any tax and was simply procrastinating on an unenjoyable task. In 2020 she receive a notice of assessment from CRA indicating that she owed several thousand dollars, with no additional details except that they had added $25k to her actual income earned.
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.
Withum
JANUARY 18, 2022
What is Phishing? Phishing is the fraudulent practice of using emails, websites, text messages, phone calls, or other means disguised as trustworthy to trick employees into providing critical information (e.g., passwords, bank information, etc.). Here are some interesting phishing statistics published by Tessian : 75% of organizations around the world experienced some type of phishing attack 96% of phishing attacks arrive by email The most impersonated brands are: Microsoft DHL LinkedIn.
PYMNTS
JANUARY 18, 2022
Last year saw workers around the world move out of survival mode and dedicate themselves to finding solutions to meet the needs of our new reality. Onbe CEO Bala Janakiraman expects that innovation to continue as more organizations embrace the digital transformation that working remotely requires. Read his thoughts in the PYMNTS eBook , “In a Word: 50 Thought Leaders Sum Up 2021.”.
xendoo
JANUARY 21, 2022
Startup.club welcomes our CEO, Lil Roberts, for “Paths to Funding your Growth” with a panel of amazing people as they share their expertise in all things funding! Learn WHAT kind of funding to help your business, HOW to get it, and where to start in this information-packed episode! The post Startup.Club Podcast -Paths to Funding your Growth, Features CEO Lil Roberts appeared first on Xendoo.
ThomsonReuters
JANUARY 20, 2022
Corporate tax departments get set to take on the new year, and a key challenge is maintaining stability in an environment of continual change and uncertainty. A new Thomson Reuters Checkpoint webinar, titled Practical Year-End Considerations for the Tax Department , addresses: Quick wins will enable tax departments to begin 2022 with momentum and goodwill from stakeholders.
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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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