TaxConnex

SEPTEMBER 28, 2023

You’ve learned what states you have nexus in and you know where your products/services are taxable. Now it’s time to register with the states to collect and remit sales tax. Where to begin? You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses.

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Sales Tax West Virginia North Dakota 147

Accounting Today

SEPTEMBER 28, 2023

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

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tax return Tax income tax 127

Withum

SEPTEMBER 28, 2023

Tax Planning Checklist for New Law Firm Partners Understanding the intricacies of tax planning is essential for optimizing your financial position and ensuring compliance with relevant regulations. Utilize this Tax Planning Checklist to help navigate the complex landscape and maximize your tax benefits. Download The post From Associate to Partner: How Do Lawyers’ Taxes Change?

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Tax tax planning 124

CPA Practice

SEPTEMBER 28, 2023

Many accountants begin as solopreneurs but eventually want a reliable team. So, how can you make this transition smoothly without overwhelming yourself or your clients? On a recent Grow & Scale webinar, I spoke with Nicole Davis, CPA , who went through this process building her firm, Butler-Davis Tax & Accounting. She shared strategies with our audience that helped her go from solo to having a team.

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payroll CPA Start-ups Construction 119

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.

Account

Accounting Today

SEPTEMBER 28, 2023

The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.

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audit Technology 126

CPA Practice

SEPTEMBER 28, 2023

A federal jury sitting in Atlanta has convicted Jack Fisher and James Sinnott of conspiracy to defraud the United States, conspiracy to commit wire fraud, aiding and assisting the filing of false tax returns and subscribing to false tax returns. Fisher was also convicted of money laundering. The convictions stem from Fisher and Sinnott’s fraudulent tax shelter scheme involving syndicated conservation easements dating back nearly two decades.

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North Carolina Georgia tax return Tax 110

Ronika Khanna CPA,CA

SEPTEMBER 28, 2023

When starting your new Canadian small business or launching into self employment, it is essential to determine whether you are required to register for GST/HST (and QST if you have a started a business in Quebec ). The simple answer is that if you anticipate that your annual gross revenues (total sales) are going to exceed $30,000 and your products or services do not qualify as Exempt or Zero rated (explained below) , then you are required to register for GST/HST and collect sales taxes from you

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quickbooks Tax Sales Healthcare 98

Accounting Today

SEPTEMBER 28, 2023

Leading practitioners and accounting technology experts share their favorite tools for work and life.

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Account accountant accounted Technology 137

Cherry Bekaert

SEPTEMBER 28, 2023

The September issue of the Regulatory Compliance Digest features a summary of the latest updates including FDIC’s 2023 Risk Review, FFIEC releases Census Flat Files and updates to the BSA/AML Examination Manual, OFAC’s Web Series Launched, CFPB Filing Instructions Guide for Small Businesses and more. The Regulatory Compliance Digest is intended to keep you informed of regulatory changes in advance of their effective date so your institution can evaluate changes or updates to necessary policies,

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accounting and finance Legal Texas Finance 96

AccountingDepartment

SEPTEMBER 28, 2023

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Seattle, WA last week.

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business accounting Account accountant accounted 86

Advertiser: Paycor

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Xero

SEPTEMBER 28, 2023

There’s just one week to go to get your applications in for the Xero Beautiful Business Fund! Applications are closing Friday, 6 October 2023 at 5:00 pm local time in your country (AEST, NZDT, BST, PDT, SAST or SGT). A huge thank you to all of those who’ve already applied, and those that have shared news of the fund through your networks. First time hearing of the Xero Beautiful Business Fund ?

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Non-Profits bookkeeping Transportation Start-ups 85

Accounting Today

SEPTEMBER 28, 2023

No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.

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Tax tax preparation 115

MineralTree

SEPTEMBER 28, 2023

Today’s fast-paced business landscape demands unprecedented levels of efficiency and accuracy, especially in the finance sector. To keep pace with these changes, it’s imperative for financial functions to rethink their processes to boost productivity. Under the finance umbrella, accounts payable (AP) is particularly ripe for digitalization, with the potential to streamline operations and enhance efficiency.

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Finance AP Automation AP Processes Technology 78

Cherry Bekaert

SEPTEMBER 28, 2023

As the end of the fiscal year (FY) rapidly approaches in four days, and with no appropriations for FY 2024, government contractors should be planning for a shutdown that will interfere with services, payments and awards that were anticipated for future revenue. Shutdowns are not only inconvenient but also require difficult decisions to be made. What Should Government Contractors Do?

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Government Account accountant accounted 75

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.

Accounting Today

SEPTEMBER 28, 2023

The Governmental Accounting Standards Board floated a proposal to set requirements for some types of capital assets to be disclosed separately by state and local governments for purposes of note disclosures.

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accounting standards Government Account accountant 68

Going Concern

SEPTEMBER 28, 2023

Apologies in advance to that one guy in the comments who always accuses us of being mean to EY for no reason. Not our fault they end up in the headlines for stuff worth making fun of. It appears the ever talkative “people familiar with the matter” blabbed recently to Financial Times about an EY UK consulting job gone awry. The firm was hired to solve an anti-financial crime problem that had plagued the UK arm of Santander — one of the largest financial institutions across the p

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Start-ups Account accountant accounted 62

Accounting Today

SEPTEMBER 28, 2023

The document aims to help auditors and accountants set up a quality management system at their firms ahead of a 2025 deadline.

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auditor Account accountant accounted 73

Withum

SEPTEMBER 28, 2023

The Making of the President 1960 by Theodore H. White had a footnote illustrating questions the intellectual group around President Kennedy would ask each other. They would provide answers and ask what the questions were similar to today’s Jeopardy TV show. In this instance, the answer was Nine-W, and the footnote had the question, “Do you spell your name with a V, Mr.

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Tax 59

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

Technology

CPA Practice

SEPTEMBER 28, 2023

As incidents of retail crime continue to escalate throughout the country, retailers have seen a dramatic jump in financial losses associated with theft. When taken as a percentage of total retail sales in 2022, “retail shrink” accounted for $112.1 billion in losses, up from $93.9 billion* in 2021, according to the 2023 National Retail Security Survey released today by the National Retail Federation. ( *The 2021 figures have been updated to reflect the April 2023 U.S.

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Retail New York payroll Sales 59

Withum

SEPTEMBER 28, 2023

As a business owner, the thought of selling your company has likely come to mind when considering an exit. It’s no secret that it’s both a significant decision and undertaking, so gaining an understanding of how to prepare and what to expect can alleviate some of the stress in the transaction process. Here are the top three considerations for owners of staffing firms thinking about a sale: Consistency – Buyers are interested in businesses with a track record of consistent growth and strong profi

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Sales financial statements audit CPA 59

Accounting Today

SEPTEMBER 28, 2023

Whether you're exhibiting or attending, here are four tips for making the most out of events.

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CPA Practice

SEPTEMBER 28, 2023

Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. “More Americans than ever will be reaching into their wallets and spending a record amount of money to celebrate Halloween this year,” NRF President and CEO Matthe

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Start-ups Retail Sales 52

Advertiser: Paycor

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.

Accounting Today

SEPTEMBER 28, 2023

Cybersecurity and human capital rank as the top risks among internal auditors around the world, according to a new survey.

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auditor audit Account accountant 70

CPA Practice

SEPTEMBER 28, 2023

Two of the 20 largest public accounting firms in the U.S.—BDO USA and CohnReznick—made Newsweek’s third annual ranking of the 100 Most Loved Workplaces in America. The rankings recognize companies across the nation that have fostered employee-centric workplaces where team members feel appreciated, respected, and valued, according to Newsweek. Developed in collaboration with the Best Practice Institute (BPI), a research company and leadership development center, more than 2 million employees were

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public accounting accounting firms Education Legal 52

Accounting Today

SEPTEMBER 28, 2023

After retiring from Deloitte, he became a co-founder and partner of both K2 Integrity and Kroll Bond Rating Agency.

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CPA Practice

SEPTEMBER 28, 2023

CPAmerica, Inc. has added Paro as a new Preferred Provider for the association. This new partnership provides member firms access to Paro’s growth platform, bringing together a community of expert talent and businesses to navigate your immediate challenges and architect a plan for your long-term success. Paro was built to change how professionals and businesses alike accomplish their goals within the accounting and finance space.

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cpa firm Account accountant accounted 52

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Finance

Accounting Today

SEPTEMBER 28, 2023

Accounting firm CEOs sometimes struggle with the concept of transparency when they aren't compelled to do so.

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accounting firms Account accountant accounted 70

Basis 365

SEPTEMBER 28, 2023

Many businesses are unable to afford to hire an accounting team. Often, business owners try to handle their books. However, this can lead to errors and other issues. Even if an organization has an accountant on staff, it's not their responsibility to prepare cash flow reports or income statements. A bookkeeper does not perform all of the daily tasks.

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bookkeeping bookkeeping services financial statements Account 52

CPA Practice

SEPTEMBER 28, 2023

The American Institute of CPAs has released a new practice aid to help accounting professionals create a system of quality management (QM) for their firm’s accounting and auditing practice. Establishing such a system is a requirement of new AICPA QM standards, and the effective date for compliance is December 15, 2025. As part of the QM suite of standards, the Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management ,requires firms to apply a risk-based appro

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audit Account accountant accounted 52

Summit CPA

SEPTEMBER 28, 2023

The Virtual CPA Success Show: Episode 100 In the 100th episode Jody and Jamie chat with long-time client Todd Nienkerk, CEO and co-founder of Four Kitchens. From startups to Fortune 500 companies, Four Kitchens is a creative agency that has left an indelible mark in the world of digital innovation. Rebranding emerges as a key topic of discussion, with Todd and Jody emphasizing its significance in staying relevant and competitive in the ever-evolving digital realm.

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Start-ups CPA Texas Utah 52

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"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.

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