February, 2021

article thumbnail

Google Reviews – 5 Reasons Why Your Business Needs More

BuildYourFirm

Why are Google Reviews Important to My Business? Getting Google Reviews from your clients has always been beneficial in boosting your business, but you might be amazed at how big of a role those little yellow stars play in the overall success of your business. Let’s face it, just the sight of five stars builds up all the trust and confidence a potential customer needs to do business with your business.

Start-ups 264
article thumbnail

ESG: Coming Soon to Startups – and their CFOs

BurklandAssociates

Businesses have come a long way when it comes to addressing environmental, social and governance (ESG) concerns. From being on the fringe a decade ago, virtually all larger firms now Read More. The post ESG: Coming Soon to Startups – and their CFOs appeared first on Burkland.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sales Tax Audits - The Danger Grows

TaxConnex

M any industry experts believe that as state tax revenues continue to dry up from the economic shutdown and continuing pandemic , state sales tax audits are likely to increase sharply in the coming months. States are in the same boat as many businesses when it comes to the stress and financial strain that comes along with the pandemic, and an increase in audits would help states recoup lost revenue and minimize budget deficits.

audit 130
article thumbnail

Taking Required Minimum Distributions in 2021

RogerRossmeisl

If you have a traditional IRA or tax-deferred retirement plan account, you probably know that taking required minimum distributions (RMDs) is mandatory when you reach a certain age — or you’ll be penalized. The CARES Act, which passed last March, allowed people to skip taking these withdrawals in 2020 but now that we’re in 2021, RMDs must be taken again.

CPA 246
article thumbnail

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.

article thumbnail

Hey, it’s 2021… Why are you still writing proposals like it’s 1975?

PANALITIX

RESOURCES / ARTICLES. Using HR Data. to Advise Clients. Accountants are increasingly analyzing clients’ Human Resource (HR) data to provide valuable advice. This is not surprising… given the critical role of employees in any business and management’s desire to improve productivity, motivation and performance. Which HR data can be useful? How can the data form the basis of advice?

article thumbnail

Project Management: Scope

SMBAccountant

When your company has the opportunity for a new project, it can be very tempting to accept any offer that comes your way. However, it is important that the scope of the project is carefully reviewed and analyzed in conjunction with your accountant or accounting department to make sure that the objectives are in line with company goals and perform a risk assessment to ensure tolerable risk.

Account 130

More Trending

article thumbnail

Startup Tax Preparation Resources for 2021

BurklandAssociates

A new tax season is underway, and Burkland’s startup tax accountants are working with our clients to prepare. In this article, we share a roundup of helpful 2021 tax preparation Read More. The post Startup Tax Preparation Resources for 2021 appeared first on Burkland.

article thumbnail

Sales Tax and Valentine's Day

TaxConnex

Candy, flowers, jewelry, dinners: The gifts may be the same, but Cupid’s arrow will fly in new online directions this year for Valentine’s Day presents. And it might land right on your company’s bottom line after sales and use tax obligations. Expected s pending on Valentine’s Day gifts this year dropped to an average $164.76 , down about $32 from a record high in 2020 , according to the National Retail Foundation.

Sales 205
article thumbnail

Should I File My 2020 Tax Return Early?

RogerRossmeisl

The IRS opened the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new law that was enacted late in December.) Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.

article thumbnail

Using HR Data to Advise Clients

PANALITIX

RESOURCES / ARTICLES. Using HR Data. to Advise Clients. Accountants are increasingly analyzing clients’ Human Resource (HR) data to provide valuable advice. This is not surprising… given the critical role of employees in any business and management’s desire to improve productivity, motivation and performance. Which HR data can be useful? How can the data form the basis of advice?

article thumbnail

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.

article thumbnail

Los Angeles/Orange County, California Tax Service Help

MyIRSRelief

Tax Resolution Services. Los Angeles-Long Beach-Santa Ana Metropolitan SoCal area. Local tax helpline 877-78-TAXES [877-788-2937]. Continue reading ›.

article thumbnail

Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. But the findings aren't necessarily cause for optimism, warns ITRC President and CEO Eva Velasquez. “While it is encouraging to see the number of data breaches, as well as the number of people impacted by them, decline, people should understand that this problem is not going away,” she said i

Missouri 136
article thumbnail

The Importance of Scenario Analysis in Financial Planning

BurklandAssociates

You’ve built a budget and regularly update your forecast of full year results. Great. Now you should add conservative and aggressive forecast scenarios. Companies of every size, but especially startups, Read More. The post The Importance of Scenario Analysis in Financial Planning appeared first on Burkland.

Account 162
article thumbnail

Understanding Use Tax

TaxConnex

You may think that if you do not have physical or economic tax nexus in a state, you do not have any tax obligations. However, this may not be the case. You can still have obligations to the certain tax authorit ies in a state even where you do not have nexus and are not required to collect and remit sales tax in the state. The reason? Use tax. Specifically, consumer’s use tax.

article thumbnail

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.

article thumbnail

New Fraud to Watch Out For in 2021

RogerRossmeisl

Whew, you made it through 2020! But don’t rest easy yet as there’s new fraud to watch out for in 2021. The fraud perpetrators enjoyed a profitable year in 2020, and there are signs they may continue to feed off Americans as long as the pandemic is active. Here are several new scams. PPP fraud Struggling small-business owners have welcomed last month’s 11th hour extension of the Paycheck Protection Program (PPP).

CPA 246
article thumbnail

Interpreting Financial Insights In Your Business's Management Reports

GrowthForceBlog

5 min read. The hardest lesson for any business owner – if you don't know your numbers, then you don't know your business. But what does "knowing your numbers" really mean?

article thumbnail

Sustainability, CSR and ESG Reporting

Withum

This week’s Barron’s cover story is about the “100 Most Sustainable Companies.” Six years ago when I got involved, through the NYS Society of CPAs, with sustainability reporting perhaps 20 of the S&P500 companies were issuing reports on their “Green” activities. Today almost all of them issue such reports. Do a search of any company and use either “Sustainability,” “CSR” or “ESG” and you will be able to access the reports.

cpas 106
article thumbnail

Healthcare Rx: Flexible Payment Systems Drive Positive Patient Experience

PYMNTS

Although the U.S. healthcare system is lauded for providing the best, most advanced care in the world, when it comes to the payments practices being used with much of that industry, honorable mention might be a more fitting rank. This, despite the fact that consumers are not only accustomed to modern, seamless payments in almost every aspect of their lives, but studies show 1 in 4 patients say they’d switch to another provider or doctor that offered more payment options and a better patient expe

article thumbnail

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

article thumbnail

Startup Financial Fraud: Tips to Mitigate Your Risk

BurklandAssociates

According to PWC’s Global Economic and Fraud Survey, 47% of companies experienced fraud in the past 24 months, and more than $4.5 trillion are lost to fraud globally each year. Read More. The post Startup Financial Fraud: Tips to Mitigate Your Risk appeared first on Burkland.

Account 130
article thumbnail

Physical Presence Checklist

TaxConnex

Sales and use tax obligations are determined by your nexus within a state or jurisdiction. Sales and use tax nexus is defined as the connection between a person or entity and a taxing jurisdiction. It is the basis for all your sales tax decisions because without sales tax nexus, you have no further sales tax obligation to a state. Prior to 2018, when the Supreme Court Case South Dakota v.

article thumbnail

Revised Tax Benefits for Higher Education

RogerRossmeisl

Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to help foot the bill. The Consolidated Appropriations Act, which was enacted recently, contains some revised tax benefits for higher education.

Education 242
article thumbnail

Post-Brexit companies face new UK tariff regime and trade compliance challenges

ThomsonReuters

When the United Kingdom (UK) officially implemented its Brexit plan and withdrew from the European Union (EU) on January 31, 2020, the UK and EU entered into an eleven-month “transition” period, the main purpose of which was to negotiate a free trade agreement (FTA) between the two parties. Finally, on December 24, 2020, the UK and EU announced that an agreement had been reached allowing originating goods to continue to flow under duty and quota-free conditions after the Brexit transition perio

article thumbnail

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.

article thumbnail

Ninth Anniversary of This Blog

Withum

Marking anniversaries is a way to note changes or chart progress. Most people do not usually think about the significance of growth or changes while they are going through the process and an anniversary is one way of reflecting on it.

106
106
article thumbnail

VisaNet +AI Adds Predictive Element To Processing And Settlements

PYMNTS

Within financial services, artificial intelligence (AI) is typically deployed in various efforts to identify and stop fraud. But advanced technologies can also be leveraged to help financial institutions (FIs) operate more efficiently, improving the end-to-end payments experience for their consumers. It’s that holistic approach that has driven Visa ’s expanded AI initiative announced Tuesday (Feb. 2).

article thumbnail

Learn How to Print Payroll Checks in 5 Simple Steps

Patriot Software

As an employer, you have different options to choose from when it comes to paying employees. One option you have is to print payroll checks. Printing checks comes with a few decisions, like purchasing supplies and selecting a check layout. Learn what steps you need to take to get your employees’ wages from computer to […] READ MORE.

payroll 98
article thumbnail

Selling Into States with Unusual Sales Tax Laws

TaxConnex

If you sell into the handful of states that don’t have nexus or don’t have a general sales tax, you might think you’re home free when it comes to obligations to remit sales tax. Maybe, and maybe not. Forty-five states and the District of Columbia have a statewide sales tax. Alaska, Delaware, Montana, New Hampshire and Oregon do not. ( Local jurisdictions in some of these, however, can charge sales tax based on state nexus thresholds and other criteria. ) Florida and Missouri have sales tax but h

Sales 142
article thumbnail

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.

article thumbnail

Prevent and Detect Insider Cyberattacks

RogerRossmeisl

In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to a coworker. This particular dishonest worker was caught. But your company may not be so lucky.

Gambling 227
article thumbnail

IRS Releases 2020 Versions of Publication 503 and Form 2441 for Child and Dependent Care Expenses

ThomsonReuters

IRS Publication 503 (Child and Dependent Care Expenses (for 2020 Returns); IRS Form 2441 (Child and Dependent Care Expenses) and Instructions (2020). Publication 503. Form 2441. Instructions. The IRS has released the latest versions of Publication 503 and Form 2441 (and its accompanying instructions) for the 2020 tax year. Publication 503 explains the requirements that taxpayers must meet to claim the dependent care tax credit (DCTC) under Code § 21 for child and dependent care expenses.

Tax 98
article thumbnail

Jeff Immelt’s Explanations

Withum

Jeff Immelt, the former CEO of GE was interviewed in Sunday’s NY Times by David Gelles. Immelt’s book of his GE experiences was just published and he said things about managing that I would like to share here along with my comments. I did not read the book and am basing my comments on the interview which I believe has some good lessons any corporate or organization leader or entrepreneur could learn from.

98
article thumbnail

GM’s Electric Vehicle Makeover Reverberates Far Beyond Detroit

PYMNTS

Beneath a banner proclaiming “Zero Crashes, Zero Emissions, Zero Congestion,” General Motors’ CEO Mary Barra announced her company’s plan to produce 100 percent electric vehicles by 2035, the most sweeping overhaul of any major global automaker in the history of the industry. While the wisdom and strategy can be debated, there is no arguing the fact that GM’s decision to wean itself — and the world — off of fossil fuels will have tectonic effects that will be felt far beyond Detroit, and will ta

Arizona 102
article thumbnail

Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.