Tue.Jul 25, 2023

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Telecommunication Taxes & Fees by State | TaxConnex

TaxConnex

If you’re a telecommunications services company, you face greater trials than other businesses when complying with federal, state and local jurisdictions. In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Federal regulatory obligations are administered through Universal Services Administrative Company (USAC) and state regulatory requirements are administered through the Public Service Commissions (PSC) or Public Utility C

Tax 178
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A Roadmap to Scaling Finance Systems for Early-Stage Startups

BurklandAssociates

Your startup’s finance needs will evolve as the business scales. Use this guide to be ready with the right systems at the right times. The post A Roadmap to Scaling Finance Systems for Early-Stage Startups appeared first on Burkland.

Finance 130
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IOSCO endorses ISSB standards

Accounting Today

The International Organization of Securities Commissions officially approved sustainability and climate disclosure standards from the International Sustainability Standards Board.

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Managing tax overpayments and repayments

ThomsonReuters

Overpayments and repayments are two of the most common anomalies that could complicate year-end and W-2 processing. Now is a great time to sort out any potential difficulties. Jump to: What is an overpayment on taxes? Overpayments and repayments in the current year Overpayments and repayments in subsequent years Preventing tax overpayments What is an overpayment on taxes?

Tax 98
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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IRS good at addressing cyberthreats, but not documenting them

Accounting Today

The Treasury Inspector General for Tax Administration said the IRS does an admirable job addressing cyberthreats, but said the agency should improve its documentation of them.

Tax 98
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EY’s Top In-House Lawyer Just Quit

Going Concern

EY US Vice Chair & General Counsel Ann Cook is saying goodbye to the firm after just two years in the role and ten total at EY, an exit that Financial Times ties to the Great Cheating Scandal of 2019. We too shall find some red string and put it all together in a moment. FT : Ann Cook will leave the firm on August 1, partners have been told. Her resignation comes amid scrutiny of the actions of the general counsel’s office in 2019, when the US Securities and Exchange Commission was looking i

CPA 98

More Trending

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AICPA and CIMA Launch Climate Accounting Resource

CPA Practice

AICPA & CIMA, together as the Association of International Certified Professional Accountants, have launched Accounting for Climate Resilience – a new online educational brief designed to help finance professionals build their sustainability literacy so they can lead and support the journeys of their organizations, firms, and clients as they adapt business models and operations in response to increasing climate-related risks.

Account 97
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Baker Tilly partner explains the power of automation in tax preparation

ThomsonReuters

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence. In the article, Michele Donohue, a partner at accounting firm Baker Tilly, highlights why embracing automation and AI is crucial for tax practices to remain competitive and meet the evolving needs of their clients in an increasingly digital world.

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Top Accounting Key Performance Indicators for a Marketing Company

Basis 365

Effective financial management is crucial for the success of any business, including marketing companies. While marketing professionals focus on promoting brands and generating leads, monitoring and analyzing financial performance closely is equally essential. Key Performance Indicators (KPIs) play a significant role in tracking the financial health of a marketing company.

Account 97
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Understanding Gift Cards for Your Restaurant

Withum

Retailers, restaurants, and even e-commerce businesses provide gift cards as a way to expand their customer base and build brand loyalty. Those gift cards are used to redeem meals, merchandise, and services across a wide range of industries. Gift cards continue to be a significant source of revenue for many businesses. In fact, nearly 60% of consumers in recent marketing polls said they were interested in receiving gift cards as items on their wish list.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. During their Synergy 2022 presentation, Joe Malloy and Chandra Wing from BDO’s Indirect Automation team discussed questions they say companies should ask themselves before investing in

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Deloitte is Taking the PwC Tax Scandal Straight to the Bank

Going Concern

Although consulting is having a bad year in Australia overall, it seems there’s a tiny bright spot glimmering from the swampy depths and it’s Deloitte cleaning up on PwC’s sloppy seconds. Australian Financial Review : Deloitte is on target to become the largest of the big four consulting firms this financial year thanks to the collapse in revenue at its once-dominant rival PwC.

Tax 93
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PCAOB sees surge in audit deficiencies

Accounting Today

The board's inspectors are finding 'unacceptable' levels of problems at auditing firms, with year-over-year increases once again.

audit 98
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5 Key Metrics for Financial Planning & Analysis

AccountingDepartment

In the dynamic and competitive business landscape, financial planning and analysis (FP&A) plays a crucial role in guiding organizations toward success. By utilizing key metrics, FP&A provides valuable insights into a company's financial health, identifies trends, and helps business owners make informed decisions that drive profitability and strategic growth.

Account 84
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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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New 1099-K threshold set to sow confusion

Accounting Today

The reprieve at the beginning of 2023 was temporary — and nothing has been done to fix the long-term issue.

Tax 98
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App Aware: OrderEase B2B2C Order Management

Insightful Accountant

For this 'Warehouse Wednesday,' Murph sets out to make you app aware of a newbie in the QuickBooks Online App Store—a multi-channel order management solution called OrderEase.

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M&A roundup: Forvis and RSM South Africa expand

Accounting Today

Forvis added Thales Consulting; and RSM South Africa merged in Ngubane Johannesburg.

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Intuit Rolling-out Updates to Desktop 2023, 2022 and 2021

Insightful Accountant

"Wake-up and smell 'the new release'!" Intuit is pushing out maintenance release updates to all QuickBooks Desktop products for 2023, 2022 and 2021.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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GAO calls for federal blockchain legislation

Accounting Today

The Government Accountability Office called for Congress to pass blockchain regulation legislation to shore up the federal regulatory apparatus.

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CFOs Focused on Workforce Growth and Technology

CPA Practice

Cchief financial officers are heavily focused on two areas that could lead to revenue gains: building and preserving a workforce that can help drive them toward growth; and investing in technology that has the potential to deliver efficiency and revenue gains. Those were among the findings of a new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms.

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Tips for Improving Cybersecurity

Dent Moses

Unfortunately, we live with the constant threat of cyber breaches and stolen data. Individuals are at risk for the loss of personal data & financial loss. If you’re a business owner, there is a real risk of someone gaining access to your network through an employee’s careless click. Ransomware is a real threat, with an estimated 493 million attacks worldwide in 2022.

Account 52
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Business use of home – Beware the lower CGT annual exempt amount

Inform Accounting

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. The gain relating to the business part is liable to capital gains tax.

Maine 52
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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Investing in Real Estate? How to Qualify for Real Estate Professional Tax Status  

Anders CPA

If you’re a taxpayer with income from rental activities or other real estate investments , it’s important to understand whether the IRS considers you a real estate professional. This consideration impacts the tax treatment of any rental income or losses and, consequently, may result in significant tax savings. Do You Qualify as a Real Estate Professional?

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CPE Webinar August 8, 2023: Lies Accountants Tell Themselves

CPA Practice

Date: Tuesday, August 8, 2023 Time: 1 PM EDT / 12 PM CDT / 10 AM PDT / 5 PM GMT Sponsor: Canopy Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. This webinar will look at common and not so common lies accountants tell themselves. Whether it’s around work hours or running their business, what looks like an obvious truth – working more hours makes you more money – may be nothing but.

Account 52
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Understanding the role of PR in financial reports for NFP organisations

Accounting for Good

Financial reports can do more than just provide data and numbers, they're also an effective method of financial PR for NFP organisations.

Account 52
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Thomson Reuters Synergy 2023 Conference to Feature Keynotes by Venus Williams and Shark Tank Star Barbara Corcoran

CPA Practice

Thomson Reuters has announced that its SYNERGY 2023 conference will be held November 5-11, 2023, in Denver. November 5-8 will focus on events for corporate legal, tax and trade professionals, while November 8-11 will offer content for tax and accounting professionals. The conference is the company’s largest annual user event, spanning seven days across the legal, tax, trade, and accounting professions.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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The Leadership Files: Jackie Cardello

Accounting Today

The managing partner of GRF CPAs & Advisors is paving the way for future accounting leaders to pursue non-traditional careers.

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Accelerating Payments for B2B Companies

Insightful Accountant

Lockstep's Matthew Shanahan examines the benefits of online payments—and why it matters to you.

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ESG risks and opportunities for CPA firms

Accounting Today

Accountants are a natural fit to provide sustainability services.

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First impressions count but here’s proof that they’re not enough and what to do to fix things

Mark Lee

Some years ago I enjoyed a very long private business networking lunch. The whole group seemed to enjoy the event – perhaps because many of us had known each other for a while. One of the attendees I had not met previously was a chartered surveyor. After we’d spent a few hours together the group sought feedback from each other. Having heard me talk about the importance of STANDING OUT from the pack, the chartered surveyor, who was new to the group, asked what we would remember most about h

Tax 52
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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.