TaxConnex

SEPTEMBER 30, 2021

Last week we talked about all of the different filing frequencies and deadlines you have to manage with your sales tax obligation. If you missed that – check it out! But what happens if you accidentally miss one of those deadlines, or you didn’t realize your deadline had changed? T rying to meet your sales tax obligations across many different states confronts you with a head-spinning assortment of deadlines and filing frequencies.

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BurklandAssociates

SEPTEMBER 28, 2021

How Much More Should I Charge Monthly SaaS Contracts? One of the most overlooked benefits of a subscription business model is the positive cash flow impact of having annual contracts Read More. The post Monthly SaaS Contracts vs. Annual appeared first on Burkland.

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xendoo

OCTOBER 1, 2021

Falling a little behind in your books is no big deal. After all, you can always catch up tomorrow, right? But how many “tomorrows” in a row does it take before you lose control over your incoming and outgoing expenses? . Before long, your overdue books are hanging over your head like that project you forgot to complete in middle school. If your hands are already sweaty from the mere thought of catching up on your books, you’re not alone.

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RogerRossmeisl

SEPTEMBER 26, 2021

As posted to the Naomi Brockwell YouTube Channel on 4/30/21 (Run Time: 8 min, 13 sec) In this informative video from her Privacy Series, Naomi Brockwell compares the most popular browser options available to help you make an informed decision as to which will work best for your personal situation. With web browsers being your interface to the Internet, it is not surprising that they become the target of companies or hackers who want to collect information about you.

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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.

TaxConnex

SEPTEMBER 28, 2021

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax. But this is not always the case. In fact, many states impose sales and use tax on services provided by the technology industry.

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SMBAccountant

SEPTEMBER 29, 2021

You may have noticed a new name popping up on emails from our office in the last few months. That’s right, the SMB team has recently grown by another member, and we thought it was finally time to formally introduce her! Caitlin Wyatt joined the team this past July as a bookkeeper. She has been helping with much of the behind-the-scenes administrative tasks at SMB, as well as helping with monthly reconciliations, running payroll, and learning how to build DCAA compliant budgets, to name a few thi

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RogerRossmeisl

SEPTEMBER 27, 2021

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was: $411,200 in the Northeast, $275,300 in the Midwest, $305,200 in the South, and $508,300 in the West. Be aware of the tax implications if you’re selling your home or you sold one in 2021.

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CTP

SEPTEMBER 29, 2021

At the end of 2020, the IRS announced important changes to their compliance rules for partnerships. Starting with tax year 2020, partnerships must report their capital accounts using the tax basis method. Capital accounts show the equity in a partnership owned by each partner, including items like initial contributions made by each partner, business profits […].

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MazumaBusinessAccounting

SEPTEMBER 30, 2021

A new podcast launch and a $10,000 giveaway—there’s no question that Mazuma USA has an exciting grand finale planned for their 10-year anniversary. On October 11, 2021, Mazuma will launch Keep Going , a podcast that shares the struggles, insights, and everyday triumphs of business owners. In addition, Mazuma plans to give away $10,000 to help one business owner on their own business journey. “As we geared up for this 10-year milestone, we kept thinking about our journey to this point

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RLLeaders

SEPTEMBER 28, 2021

I recently had the opportunity to attend my first conference in-person since the start of the pandemic last March. Held concurrently with the United Nations General Assembly, the Concordia Summit was founded ten years ago. I was honored to sit on a panel and attend several others, making some great connections throughout. Over the course of the event a number of thoughts occurred to me that serve as both timely reminders for all of us, and prompts to expand our thinking in the weeks and months a

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Government Start-ups Technology 97

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

RogerRossmeisl

SEPTEMBER 28, 2021

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are the main tax benefits: Contributions made to an HSA are deductible, within limits, Earnings on the funds in the HSA aren’t taxed, Contributions your employer makes aren’t taxed to you, and Distributions from the HSA to cover qualified

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AccountingDepartment

SEPTEMBER 27, 2021

Many businesses have in-house accounting departments because this was simply the norm for years past. With new levels of technology and the ability for businesses to save money, be more efficient and improve their accounting accuracy, the benefits of outsourced accounting are becoming more recognized. As businesses grow, many are making the switch.

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Account accountant accounted Technology 82

GrowthForceBlog

SEPTEMBER 29, 2021

8 min read. Whether you're operating as CEO of your own company or have been hired as CEO of an established business, congratulations on getting the top job- a major accomplishment in its own right. However, just because you've made it to the top position doesn't mean you've succeeded yet.

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SkagitCountyTaxServices

SEPTEMBER 29, 2021

There is a LOT of smoke emanating from Congress right now. As usual, with Congress, there are always rumors and mutterings — what matters is what is actually signed into law. And we’ll keep you up to date on what you might need to know. But speaking of Congressional acts that have been signed into law … Wouldn’t it be great to get money for just having kept your Skagit County employees afloat during the last rough-as-nails year or so?

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

Technology

RogerRossmeisl

SEPTEMBER 27, 2021

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include many pickups and SUVs) can result in it taking longer than expected to fully depreciate a vehicle. Cents-per-mile vs. actual expenses First, note that separate depreciation calculations for a passenger auto only come into play if you choose to use the actual expense

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Patriot Software

SEPTEMBER 29, 2021

With direct deposit being the most popular payment method for employees, you may decide to jump on the bandwagon at some point. But if you’ve never paid employees via direct deposit before, you probably have a few questions about the setup process. To ensure your direct deposit is ready to roll, learn how to set […] READ MORE.

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Withum

SEPTEMBER 29, 2021

There are many ways of donating to charities and getting a tax deduction. Here is a short list of some of them.

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AccountingDepartment

SEPTEMBER 30, 2021

Many larger and older businesses typically already have an ERP system in place. However, sometimes these systems were put in place before the internet and as you may have guessed, are severely outdated. Many of these older systems have years and years of updates that must be done manually by the user, so there is no guarantee that these systems are up-to-date.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

RogerRossmeisl

SEPTEMBER 30, 2021

At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not quite. Financial experts also consider the profits the business lost because of the fraud — and weigh different methods of computing damages. The appropriate approach Experts typically use either the benefit-of-the-bargain or out-of-pocket approach to calculate damages.

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cpa 234

ThomsonReuters

SEPTEMBER 30, 2021

QUESTION: We’ve heard that our group health plan’s provider directories will be subject to specific transparency requirements. What are they, and when do they apply? ANSWER: For plan years beginning in 2022, a group health plan is required to establish a database on its public website that contains a list with directory information for each health care provider and facility with which it has a direct or indirect contractual relationship for furnishing items and services.

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tax Account accountant accounted 59

Withum

SEPTEMBER 28, 2021

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Generate Accounting

SEPTEMBER 30, 2021

The government has extended the COVID-19 Business Debt Hibernation (BDH) scheme until 31 October 2021 in response to the pressures placed on businesses during the pandemic. Businesses who qualify to use the BDH scheme can buy up to six months grace in order to pay their creditors and have time to address their cash flow difficulties. At a high level, the scheme: allows for businesses to set up an arrangement to pay their existing debts; gives the business a month to set up the arrangement and is

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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.

RogerRossmeisl

SEPTEMBER 26, 2021

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers. Overview Beginning 11/1/21, and ending 11/30/21, the California Department of Tax and Fee Administration (CDTFA) will be accepting applications through their online reservation system for qualified small business employers to reserve $1,000 per net increase in qualified employees, not to exceed $150,000.

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DMCL

SEPTEMBER 30, 2021

Today, we’re sharing the Survivors’ Flag as an expression of remembrance, meant to honour residential school Survivors and all the lives and communities impacted by the residential school system in Canada. We acknowledge that DMCL operates on the traditional, ancestral, unceded territory of the Musqueam and Lkwungen peoples, and the Semiahmoo, Katzie, Kwikwetlem, Kwantlen, Qayqayt and Tsawwassen First Nations.

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ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season. A new episode of Thomson Reuters Tax & Tech Talks podcast shares tips and best practices for streamlining operations and navigating this unprecedented tax season.

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Generate Accounting

SEPTEMBER 30, 2021

The government has extended the COVID-19 Business Debt Hibernation (BDH) scheme until 31 October 2021 in response to the pressures placed on businesses during the pandemic. Businesses who qualify to use the BDH scheme can buy up to six months grace in order to pay their creditors and have time to address their cash flow difficulties. At a high level, the scheme: allows for businesses to set up an arrangement to pay their existing debts; gives the business a month to set up the arrangement and is

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Government Account accountant accounted 52

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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.

Gaming

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune. Review the tax rules Whether you win online, at a casino, a bingo hall, a fantasy sports event or elsewhere, you must report 100% of your winnings as taxable income.

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LSLCPAs

SEPTEMBER 30, 2021

Inventory Control Tips for Manufacturers, Wholesalers, and Distributors Inventory management is a critical component of running a successful manufacturing, wholesaler, or distribution enterprise. Many great software programs, integrated scanning tools, and apps will provide the technology to record the details and create efficient workflows. But as with any tools, they need good input data to.

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ThomsonReuters

SEPTEMBER 30, 2021

Condry v. UnitedHealth Group, Inc., 2021 WL 4225536 (9th Cir. 2021). Available at [link]. This appeal was brought by health plan participants who were denied coverage for lactation support and counseling services provided by out-of-network providers. The trial court previously overturned the plan’s denial of coverage for participants who lacked adequate access to in-network services, but upheld the plan’s adverse determination for participants who sought out-of-network care even though they cou

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DMCL

SEPTEMBER 28, 2021

DMCL Chartered Professional Accountants recently partnered with the Greater Vancouver Food Bank as a presenting sponsor in their first-ever annual golf tournament: Fore for Food – A Day of Golf. Our partners Brad Allen, Michael Auras , Steve Leung , and Fraser Ross were proud to join the event on behalf of DMCL and support this essential organization.

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Account accountant accounted 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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