RogerRossmeisl

JANUARY 14, 2024

As the Financial Crimes Enforcement Network (FinCEN) opens its beneficial ownership information (BOI) reporting portal, its BOI webpage, reflects a fraud alert for individuals and entities who may be subject to beneficial ownership information (BOI) reporting.

CPA 194

CPA cpa firm business tax Tax 194

RogerRossmeisl

JULY 22, 2024

Fraudsters and identity thieves attempt to trick the recipient into clicking a suspicious link, filling out personal and financial information or downloading a malware file onto their computer. Scammers are relentless in their attempts to obtain sensitive financial and personal information, and impersonating the IRS remains a favorite tactic.

CPA 230

CPA cpa firm business tax Tax 230

Airbase

AUGUST 11, 2023

Because a continuous close provides up-to-date data, financial information reflects what’s actually happening more accurately, instead of what happened last month The power of real-time data. In order to make informed decisions, executives need up-to-date information. The move to more remote workforces also plays a role.

Technology 244

Technology accounting and finance NetSuite Finance 244

RogerRossmeisl

JANUARY 14, 2024

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) providing specified information regarding the entity’s “beneficial owners” (the so-called BOI reporting requirement under the Corporate Transparency Act). Entities in existence prior to January 1, 2024, have until January 1, 2025, to file these reports.

CPA 208

CPA Start-ups Government Tax 208

RogerRossmeisl

SEPTEMBER 4, 2023

This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Although many cash transactions are legitimate, information reported on Forms 8300 can help combat those who evade taxes, profit from the drug trade, engage in terrorist financing or conduct other criminal activities.

CPA 237

CPA Government Finance Tax 237

TaxConnex

MARCH 12, 2024

New volumes of tax-related data, including transactions and filing information, can help troubleshoot reconciliations, improve forecasts and head off problems that could eventually lead to a sales tax audit. These data elements include the customer’s location, the dollar amount of the sale, and the product or service sold.

E-commerce 264

E-commerce Technology tax return Sales 264

TaxConnex

MAY 7, 2024

In early 2025, sales and use tax filers and tax preparers will have a new self-service portal that aims to provide more control over taxpayer’s own accounts, providing faster access, easier filing and better assistance with tax account information. Sales and use will be the inaugural tax to be serviced.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

TaxConnex

FEBRUARY 10, 2022

In general, begin by gathering important information as your Employer’s Identification Number (EIN) and contact information for the principals of your business, including their Social Security numbers. Some notices may be strictly informational but still critical, such as a notice of changing filing frequencies or sales tax rates.

Sales 246

Sales Tax E-commerce Alaska 246

RogerRossmeisl

DECEMBER 27, 2024

In a surprising turn of events, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction that halts the enforcement of beneficial ownership information (BOI) reporting requirements. This decision, made on Thursday, reverses an earlier order from the same court issued just days prior.

Texas 241

Texas CPA Legal cpa firm 241

DuctTapeMarketing

OCTOBER 29, 2020

Your sub-points should be H2 headings, and bullet points can help organize information under each subcategory. . While this strategy for organizing content makes it easier for readers to skim and settle on the information they’re looking for, it also helps Google to better understand your content.

Start-ups 347

Start-ups Retail Technology 347

TaxConnex

NOVEMBER 9, 2021

It’s critical to maintain an accurate calendar that reflects where your business is registered for sales tax purposes, the filing frequency of each return, the e-file login credentials and other state-specific information. Regardless of the filing method, payment is generally required and can be a check, an ACH debit or an ACH credit.

Sales 246

Sales general ledger Tax tax return 246

RogerRossmeisl

JANUARY 1, 2024

New webpage: The new webpage provides information on the advantages of participating in the program, who can apply, how to apply, as well as next steps. FAQs: The FAQs provide detailed information on eligibility, the program process, calculating and. The program runs through March 22, 2024.

CPA 203

CPA Tax cpa firm business tax 203

TaxConnex

OCTOBER 19, 2022

Not to mention, the process of reporting sales tax and the amount of information required on each return varies with each state and local jurisdiction. Returns are typically due either monthly, quarterly, or annually. Many people rely on software companies to manage these complexities, but the tax calendar is not a static item.

Sales 246

Sales Tax New Jersey Louisiana 246

RogerRossmeisl

SEPTEMBER 29, 2024

Among the possibilities are that the crook: Is working for a competitor who’s looking for an unfair advantage, Will use the customer information to commit identity theft, or Might share the data with other criminals on the dark web. Here, physical theft can grant access to digital assets. Or consider the risks.

CPA 215

CPA 215

TaxConnex

NOVEMBER 30, 2021

Include sufficient information in file names to identify the data quickly; shorthand should be understood by all employees as quickly as possible. Date modified” is already often a standard information column in desktop folder panels.). Clarity is the first step toward naming consistency.

E-commerce 246

E-commerce tax return Sales Tax 246

TaxConnex

SEPTEMBER 30, 2021

A further complication is that the amount of information required on each return varies with each state and local jurisdiction. Some jurisdictions take prepayment requirements for larger tax amounts. These prepayments are often on a different filing schedule and can be more frequent.

Sales 246

Sales Tax Maryland tax return 246

TaxConnex

OCTOBER 19, 2021

Every notice represents information you need to remain in compliance and something that requires diligent monitoring and timely attention and response. If you haven’t received one of these threatening-looking letters yet or haven’t gotten one in a while, you’re likely on borrowed time. You could be opening the door to additional penalties.

Sales 246

Sales Tax tax return Account 246

TaxConnex

JANUARY 4, 2022

But what about the information in your actual return – do you understand how the data you input is projected onto what you file and remit? If you don’t know if you are registered correctly, contact the state to confirm what information they have in your file regarding your type of business or inventory locations. File and pay.

tax return 242

tax return Sales Tax Start-ups 242

TaxConnex

APRIL 7, 2022

First, you need an accurate tax calendar telling you where you’re registered for sales tax purposes, the filing frequency of each return, the due date, login credentials, method of filing (e-file or paper) and any other information specific to the jurisdictions where you have nexus.

Sales 246

Sales Tax Texas income tax 246

TaxConnex

MAY 12, 2022

Tax Calendar - It’s critical to maintain an accurate tax calendar that reflects where your business is registered for sales tax purposes, the filing frequency of each return, the e-file login credentials, and other state-specific information. Some of this mail may be informational but still critical.

Sales 264

Sales Tax E-commerce general ledger 264

TaxConnex

OCTOBER 26, 2021

You should include sufficient information in file names to identify the data quickly. Date modified” is already often a standard information column in desktop folder panels.). Clarity is the first step toward consistency. A new employee is more likely to stick with a data naming convention if it makes sense to them.

Sales 246

Sales Tax audit auditor 246

RogerRossmeisl

SEPTEMBER 9, 2024

Callers may: Ask for the “person in charge,” Claim to need information to complete an order, or Pretend to verify an office machine’s serial number. How scams are perpetrated Office supply schemes typically begin as telemarketing fraud, with someone calling your business to obtain your street address and the name of an employee.

CPA 210

CPA 210

RogerRossmeisl

JUNE 24, 2024

This information shouldn’t be used as a substitute for a comprehensive valuation analysis, but it may identify discrepancies that need to be reconciled. When valuing a business, experts often look beyond the company’s financial statements. Here are five common alternative indicators of value that experts may consider: 1.

financial statements 210

financial statements CPA 210

TaxConnex

NOVEMBER 11, 2021

California also revised its publication regarding internet sales to add information about local sales taxes: The updated pub clarifies that online retailers are required to allocate sales among local jurisdictions, either directly or through a “countywide pool.” The law takes effect on Jan. Opponents say it will cripple the city’s finances.

Sales 49

Sales E-commerce Tax Illinois 49

SMBAccountant

MARCH 24, 2023

By doing so, you will be able to confirm the vendors mailing information and EIN (Employer Identification Number) which is needed for 1099-NEC tax filings. Efforts should be made in writing at least 3 times to obtain W9 information from a vendor.

Legal 236

Legal Tax Start-ups 236

TaxConnex

JANUARY 10, 2023

For more information on this and further detail on our results, join us for our webinar on January 24th at 3 pm EST! More businesses seem to be bringing the sales tax function in-house than previous years, but top barriers of managing sales tax remain at Not Enough Time/Bandwidth (38%) and Lack of Internal Knowledge (28%).

Sales 246

Sales Tax audit Finance 246

TaxConnex

JUNE 8, 2023

To ensure we are protecting digital information from unauthorized access we have implemented strong security controls as evidenced by 10 years of successful AICPA SOC I and II Audits,” explained Jackie Breiter, TaxConnex partner and COO.

tax return 246

tax return audit Tax Sales 246

TaxConnex

DECEMBER 27, 2022

The responsibility is also on you to validate that the correct information is on the certificate and that it is accurate. For more information on these topics, download our Need-to-Know Guide on Exemption Certificates.

Sales 246

Sales Tax Non-Profits Maine 246

RogerRossmeisl

OCTOBER 27, 2024

Skimming, where criminals use hidden digital readers to steal debit and credit card information, is a pervasive threat that can result in significant financial losses for businesses. The FBI estimates that ATM and point-of-sale (POS) skimming generates more than $1 billion for criminals annually.

CPA 211

CPA Sales 211

RogerRossmeisl

JULY 16, 2023

However, going through probate typically means red tape, legal fees and your financial affairs becoming public information. Probate is a court-supervised legal process intended to make sure a deceased person’s assets are properly distributed.

Legal 214

Legal CPA Tax 214