ThomsonReuters

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. What does this mean for my firm? Tax planning shift s: If passed, this legislation necessitates advising clients on restructuring executive compensation and exploring alternative tax strategies.

Tax 110

Tax tax return Technology income tax 110

Xero

JULY 5, 2023

Our customers, partners and people have played a vital role in our success and Xero Day is about reflecting on all of you and our purpose to make life better for small businesses, their advisors and communities around the world. At Xero, we’re driven by a passion to support the future of small business.

Non-Profits 90

Non-Profits Transportation Technology 90

ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. The new requirements are complex and still evolving.

Tax 88

Tax Technology income tax audit 88

Withum

AUGUST 3, 2023

There are many reasons for investing, but if you read my blogs or attend my presentations you know that I believe that the primary reason people should invest is to secure their financial future. What each person considers “necessary” is subjective, and cash flow is comprised of many facets.

Tax 52

Tax Sales Account accountant 52

Withum

JUNE 2, 2022

Understanding the stock market is difficult, but much easier when you know the basics and can match them with what you are trying to accomplish. I cover all of the basics and some pretty sophisticated added information written in my down-to-earth style [this blog is a sample of my writing style]. No messages are necessary. Contact Us.

Tax 105

Tax 105

ThomsonReuters

NOVEMBER 28, 2023

In recent years, more tax professionals have exited the industry than entered it, which presents the potential for detrimental effects across the business and financial world. As stewards of the profession, we must find new ways to attract more talented young people to the accounting world — and convince them to stay once we do.

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

JUNE 16, 2022

The IRS has announced a midyear increase in the standard mileage rates for business and medical use of an automobile, and for deducting moving expenses. For travel on or after July 1, 2022, the business standard mileage rate is 62.5 gas and oil) that are deductible as business expenses. News Release.

Transportation 98

Transportation Tax Account accountant 98

Xero

JUNE 2, 2022

What an amazing few days for team Xero in South Africa. While there have certainly been tough times for small businesses and accountants over the past two years, many have grown their business. Now is the time to look at where opportunity lies for small businesses and accountants, and what happens after the pandemic disruption.

Account 77

Account accountant accounted bookkeeping 77

Withum

FEBRUARY 7, 2023

This is the 1,058 th blog I have posted in the last 11 years. My first blog was posted on February 7, 2012, and it seems like a long time ago and also seems like yesterday. Time flies when you enjoy what you are doing and also when you are engaged in new things. In particular, my blog about Dr. Martin Luther King Jr.

public accounting 59

public accounting Start-ups Account accountant 59

Xero

AUGUST 17, 2022

This guest blog post is written by Jaclyn Anku who runs Community & Education for the HR and payroll platform Gusto. Before joining Gusto, Jacklyn led business education for accountants and bookkeepers at Xero. And in that way, it’s not really all that abstract. million in April ). Good cultures are built brick by brick.

Healthcare 81

Healthcare bookkeeping Education payroll 81

ThomsonReuters

JANUARY 16, 2024

Jump to: What is wellness? What is wellness? Why is overall accountant wellness important? Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. But this can take a toll on their well-being and lead to burnout. How is wellness different from health?

Tax 52

Tax Account accountant accounted 52

Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. FP&A teams play a key role in ensuring the financial stability of a business. Here are some examples of financial statements: 1.

financial statements 130

financial statements accounting and finance Sales Finance 130

Xero

APRIL 8, 2024

As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Microsoft CEO Satya Nadella has accredited internal hackathons as a core driver of culture since taking over the business in 2014.

Technology 72

Technology Healthcare Education Legal 72

ThomsonReuters

DECEMBER 22, 2021

The IRS has announced the 2022 standard mileage rates for business, medical, and other uses of an automobile, and the 2022 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2022, the business standard mileage rate is 58.5 For 2022, the business standard mileage rate is 58.5

Transportation 98

Transportation Tax Account accountant 98

ThomsonReuters

JUNE 15, 2021

She knew she had the experience and the passion to foster deeper relationships with clients and grow her business but needed to break away to fully embrace her ability to do so. All of the positions I’ve held throughout my life are built into the passion and purpose I’ve had in starting my own firm.”. You have the experience.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

Inform Accounting

JULY 25, 2023

The main residence exemption applies for capital gains tax purposes to the extent that a property is used as the taxpayer’s only or main residence. Where a property is used partly for business and partly as a residence, the relief only applies to that part which is used as a residence. However, this has now changed.

Maine 52

Maine Tax Sales Account 52

ThomsonReuters

JULY 6, 2023

From financial planner to investment banker to business analyst, there are many roles to consider if you find yourself looking for something new. What career can an accountant switch to? If you are an accounting professional who has been contemplating a change in career path, you’re not alone. But where do you start?

Account 98

Account accountant accounted accounting and finance 98

Xero

JULY 25, 2022

It’s time for the 2022 New Zealand Xero Awards, celebrating the accountants, bookkeepers, app partners and integrators who help Kiwi small businesses flourish. If you’ve been thinking of entering , you’ll love reading what Michael Parker, director of Crux Advice & Accounting has to say. Tell us a bit about Crux and your team.

bookkeeping 86

bookkeeping Start-ups Account accountant 86

ThomsonReuters

FEBRUARY 9, 2023

Amidst such a busy time, how do you ensure you aren’t overwhelming yourself or your staff? The answer lies in planning ahead, maximizing the tools available to you, and understanding your purpose. Since extra time is so often relinquished at the height of busy season, the need to commit early on cannot be overstated.

Tax 59

Tax tax return Technology accounting software 59

ThomsonReuters

MARCH 25, 2024

TCJA changed how research and development expenses are treated for tax purposes, requiring taxpayers to capitalize and amortize those expenses over different time periods. Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months.

Tax 45

Tax Technology audit corporation tax 45

ThomsonReuters

AUGUST 2, 2023

What are the OECD’s Pillar 2 Global Minimum Tax rules? The purpose of the OECD’s Global Minimum Tax (GMT ) is to make it harder for large MNEs (those with more than €750 million in revenues) to avoid taxes by shifting profits to jurisdictions with lower tax rates. Following is an overview of the Pillar 2.0

corporation tax 98

corporation tax Tax financial statements Government 98

Inform Accounting

APRIL 21, 2022

However, if costs are incurred while the property is not let, can you deduct the costs for tax purposes? However, if costs are incurred while the property is not let, can you deduct the costs for tax purposes? Where work is undertaken on a property while it is empty, the key question to ask is whether the business is on-going.

tax planning 52

tax planning tax return Tax Government 52

Withum

MAY 26, 2022

Why, how and whether you invest in the stock market is your business. What I usually try to do is provide some information on suggested ways to consider stock market investing, and that is what I will be doing now. Now, let’s consider what drives stock values. Stock market volatility has become a daily reality.

Tax 105

Tax income tax Government tax return 105

ThomsonReuters

DECEMBER 23, 2020

The IRS has announced the 2021 standard mileage rates for business, medical, and other uses of an automobile, and the 2021 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2021, the business standard mileage rate is 56 cents per mile (a 1.5 News Release. cent decrease from the 57.5

Transportation 98

Transportation Tax Account accountant 98

Ryan Lazanis

APRIL 18, 2023

Table of Contents What is AI in Accounting? How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting? Artificial intelligence in accounting is currently transforming the industry. Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting?

Account 96

Account accountant accounted Technology 96

Withum

AUGUST 18, 2022

I know there are situations when longer meetings are necessary such as a day-long strategic planning session or a quarterly board of directors’ meeting. I know there are situations when longer meetings are necessary such as a day-long strategic planning session or a quarterly board of directors’ meeting. What Is a Meeting Hijacker? .

Start-ups 111

Start-ups Tax 111

MyIRSRelief

AUGUST 1, 2023

In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles. Non-compliance can lead to severe penalties and financial setbacks, posing a significant threat to their operations.

payroll tax 130

payroll tax Tax payroll audit 130

Reckon

MARCH 26, 2023

We recently sat down with Reckon’s general manager of marketing, Brad Stevens, to chat about creating a marketing plan, core considerations, the hierarchy of marketing activity and what small businesses should be thinking about. 2) With a varied career behind you, what would you say is the primary purpose of a marketing plan?

B2C 52

B2C B2B Start-ups Sales 52

Xero

SEPTEMBER 20, 2023

The application period for the Xero Beautiful Business Fund will be wrapping up a few short weeks! To help us select the winners of the 2023 Xero Beautiful Business Fund, we’ve lined up a stellar list of regional and global judges. The judges represent small businesses, accountants and bookkeepers and Xero’s global partners.

small business accounting 100

small business accounting bookkeeping business accounting Gaming 100

Snyder

OCTOBER 31, 2022

In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify. In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify.

E-commerce 97

E-commerce Start-ups Tax Sales 97

Withum

FEBRUARY 29, 2024

There are many people who try to beat the market, and what they buy drops, or they sell stock short or sell or buy put-and-call options or do other things that add risk while chasing higher returns, hoping to outsmart the other investors. So, let me set some ground rules for my clients and the people who read my blogs.

Start-ups 59

Start-ups Sales Education Tax 59

Xero

JUNE 15, 2023

If you’re a small business owner, chances are you’re always on the lookout for new and innovative ways to grow your business. Football sponsorship isn’t just for major companies – small businesses with varying budgets can get involved, too. 1 Channel fans’ emotional connection to football We’re a nation of football fans. . #1

Sports 81

Sports Gaming Start-ups Sales 81

ThomsonReuters

AUGUST 24, 2023

Jump to: What is a 7216 consent form? What are some Section 7216 insights for 2023 Software solutions for Section 7216 What is a 7216 consent form? A 7216 consent form is a document that allows a tax preparer to use or disclose a client’s tax return information for purposes other than preparing their tax return.

tax preparation 52

tax preparation tax return Tax Technology 52

Xero

MARCH 18, 2024

What is Basis Period Reform and who’s affected? As outlined above, Basis Period Reform is a change to the reporting period used for Income Tax purposes. Note: businesses that begin operating from 6 April 2024 will automatically use the tax year basis. In Xero we’ve improved how you adjust your financial year-end settings.

income tax 69

income tax tax return Non-Profits bookkeeping 69

ThomsonReuters

JULY 7, 2022

The guidance focuses on the privacy rule’s provisions for disclosures required by law, for law enforcement purposes, and to avert a serious threat to health or safety. The guidance focuses on the privacy rule’s provisions for disclosures required by law, for law enforcement purposes, and to avert a serious threat to health or safety.

Legal 52

Legal Tax Account accountant 52

Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

E-commerce 98

E-commerce Maine Manufacturing Start-ups 98

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. What are business advisory services? Business advisory services are built into client engagements from the start and are centered upon the ways your firm can help clients achieve their goals.

accounting firms 98

accounting firms Account accountant accounted 98