Sat.Apr 17, 2021 - Fri.Apr 23, 2021

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Should I Consider Venture Debt? As a Startup Founder the Answer is YES

BurklandAssociates

Venture Debt is not for every startup Founder, but it should at least be considered, discussed and evaluated. Pretending venture debt does not exist is shutting one’s eyes to a Read More. The post Should I Consider Venture Debt? As a Startup Founder the Answer is YES appeared first on Burkland.

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Sales Tax Compliance: Automated Returns or Service Provider?

TaxConnex

This time of year, everybody’s mind is on income tax preparation. And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. They turn to experts.

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Automation Trends That Will Reshape Your Back Office

GrowthForceBlog

9 min read. Calculators, number 2 pencils, green lamps, ledger books, and giant filing cabinets: what do these things have in common? They are relics from the past way businesses used to do accounting.

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Update on California Classic Car Smog Exemption Bill AB 220

RogerRossmeisl

As posted to Mike Frankovich’s YouTube Channel on 4/15/2021 (Run time: 8 min, 47 sec) If you’re like me, you have trouble understanding why California continues to make it so difficult to engage is what is one of the most quintessential of California pastimes. classic car ownership. Since the smog check exemption changed from a 30 year rolling average to a set, 1975 and older cut-off back on 4/1/2005 classic car enthusiasts owning post-1975 vehicles have tirelessly petitioned their e

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Application Process Announced for Restaurant Revitalization Fund

Withum

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Add Florida to the List of States with Economic Nexus!

TaxConnex

Florida Gov. Ron DeSantis signed l egislation that impose s sales tax economic nexus on remote sellers on April 19, 2021. Economic nexus has finally passed in Florida! What does this mean for you and your business? The law – which Florida businesses have long awaited and which critics said will cost ordinary Floridians the expense of sales tax while benefiting businesses – also contain s Marketplace Provider (aka “m arketplace f acilitator ”) provisions that require platforms such as Amazon to c

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Be Careful When Claiming “Made in USA”

RogerRossmeisl

Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website and social media accounts that its goods were “Made in USA,” even though most of them were imported. This is a violation of the FTC Act, and if your business is making similar claims about foreign-made products, you too could find yourself in legal hot water.

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Interested in NFTs? What You Need to Know Before You Invest

Withum

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2020 Tax Update for the Tax Planner – Part 2

CTP

This is our second posting on the topic, so please check out Thursday’s blog, if you missed it. There have been so many tax changes this year! As you might expect, it is difficult to cover them all. We’ll try to highlight a handful of changes that we think will be most relevant to you […]. The post 2020 Tax Update for the Tax Planner – Part 2 appeared first on certifiedtaxcoach. 2020 Tax Update for the Tax Planner – Part 2 was first posted on April 17, 2021 at 9:00 am. ©20

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Ninth Circuit Affirms ERISA’s Preemption of State-Law Claims

ThomsonReuters

Meyer v. United Healthcare, 2021 WL 930258 (9th Cir. 2021). Available at [link]. A health plan participant brought state-law claims against the plan’s insurer, alleging the insurer engaged in deceptive practices, breached its contract, and committed fraud in handling his claim. After a federal trial court dismissed the case based on ERISA’s preemption of state-law claims, the participant appealed.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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ARPA Tax Break May Make Child Care Less Expensive

RogerRossmeisl

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be gainfully employed. Note that a credit reduces your tax bill dollar for dollar which, in effect can make child care less expensive.

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Withum Soars on Vault Top Accounting Firm

Withum

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A Prettier Profit and Loss Statement: Up- and Cross-Selling Techniques for Salon Owners

xendoo

Editor’s Note: This post was originally published in October 2017 and has been updated for accuracy and comprehensiveness. If you’re like most salon owners, the chances are good that you decided to start a hair salon because you love meeting new people and helping them feel more beautiful than when they walked in your front door. It’s only natural because everyone loves a rewarding job.

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Getting started: How a growth mindset can help design your tax and accounting firm

ThomsonReuters

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. In this next chapter of Small Talk with Heather Walker , I am once again joined by Paul Miller, Founder and Owner of Business by Design. Together, we discuss how Paul embraced a growth mindset in creating his own business, and how you can bring advisory processes into the foundation of your firm.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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CDTFA Releases Updated Pub 34, Motor Vehicle Dealers

RogerRossmeisl

The California Department of Tax and Fee Administration (CDTFA) has updated Publication 34 (Motor Vehicle Dealers), to include 2020 legislation that, effective 1/1/2021, imposes new reporting and payments requirements on certain used vehicle dealers. The new discussion, entitled “Used Vehicle Dealers” (in the section on “Motor Vehicle Sales”), provides in part that effective 1/1/2021, certain used vehicle dealers are required to pay sales tax on their retail sales of vehi

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How Taxes Impact the World of Cryptocurrency

Withum

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Meet Your Local PVA!

CTP

Somewhere within your county, likely at this very moment, a Property Valuation Assessor (PVA) is determining the value of a specific piece of property. Who is your PVA? What is their role? And why does it matter? If you familiarize yourself with your local PVA, you can potentially realize significant property tax savings. Each county […]. The post Meet Your Local PVA!

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DOL Identifies Cybersecurity Tips for Plan Sponsors, Participants, and Fiduciaries

ThomsonReuters

EBSA: Cybersecurity Program Best Practices; Tips for Hiring a Service Provider With Strong Cybersecurity Practices; Online Security Tips; News Release (Apr. 14, 2021). Best Practices. Hiring Tips. Online Tips. News Release. The DOL’s Employee Benefits Security Administration (EBSA) has issued guidance identifying “best practices” to mitigate cybersecurity risks in the administration of ERISA-covered plans, along with advice on hiring retirement plan service providers and online security tips for

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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What is an Overhead Expense?

MazumaBusinessAccounting

We work with small business owners and entrepreneurs. Some are seasoned, others are just growing their side hustle. Their skills are varied and they have a wide variety of talents. We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful.

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How Warren Buffett Did It

Withum

Warren Buffett is one of the most quoted and go-to people for his views about the stock market and is considered the world’s most successful investor. He has also been a fixture in the investing community for over fifty years. I will be presenting a free Zoom webinar next Thursday giving a peak into his personality and investing patterns.

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Why Investing in Younger Generations is Beneficial

AccountingDepartment

With the ever-changing corporate climate, companies need to invest in the younger generations. Currently, over 40% of working individuals in the United States fall into the Millennial and Gen-Z categories. To quote Alex Chausovsky of ITR Economics, "Young people are the basis of consumption activity in the future. They are the creators of demand.". With the ongoing retirement of the Baby Boomer generation, there is an influx of Millennials and Gen-Z-ers completing schooling programs and flooding

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The Most Common Mistakes of Business Leaders (And What To Do Instead)

GrowthForceBlog

9 min read. “One thing is certain in business. You and everyone around you will make mistakes. ”- Richard Branson.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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How to Grow your Business: Marketing Strategy Part II

MazumaBusinessAccounting

Once you’ve ironed out your marketing message, you’ll want to decide what channels will work best to get your message to the right customers. As you consider each channel, think about where your audience “hangs out”. Does your audience spend a lot of time on social media? Does your audience read the newspaper or listen to the radio? Focus your marketing efforts on the channels that are most likely to grab your audience’s attention.

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Professional Services Automation: Increase Competitiveness by Going Paperless

Withum

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Historically, in the U.S., Delaware is considered The Place to establish your corporate entity.

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Real Property Tax Basics

CTP

Property tax is one of our country’s oldest taxes; it was even established prior to federal income tax. As far back as the founding of the United States of America, property taxes were assessed on colonists who were settling this country. Property tax is (and has been) one of the primary sources of revenue for […]. The post Real Property Tax Basics appeared first on certifiedtaxcoach.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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How to Reduce Stress as an Entrepreneur

MazumaBusinessAccounting

It’s no secret that being an entrepreneur is stressful. You’ve got a million things on your plate. From ordering inventory to dealing with customer concerns, to staying within budget and beyond, the stress of daily responsibilities can wear on you. As an entrepreneur, it’s important to reduce stress so that you can have a clear mind when making business decisions, pitching, or dealing with customers. .

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How Forensic Accountants Can Assist in False Claims Act (“FCA”) Litigation Matters

Withum

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[Webinar] Exit Planning – Preparing For The Potential Sale of Your Business

KROST

Whether you are planning to sell your business now, in the next 5 years, or have no plan, Paren Knadjian, head of M&A and Capital Markets at KROST, will provide the roadmap to being prepared. Topics covered include: How exit planning fits with business strategy and personal financial planning. The six biggest myths about selling a business. Maximizing value.

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Finding the Best Accounting Service for Your Clients

AccountingDepartment

It's generally unanimous that B2B CFO® Partners want to offer an option for their clients that is going to give them the greatest accuracy and most comprehensive accounting services when needed. As a B2B CFO® Partner, Guillermo Birmingham realized that his firm did not do accounting on a day-to-day basis, but at the same time had to rely on good accounting information to provide his clients a high level of financial management support.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.