Sat.Sep 18, 2021 - Fri.Sep 24, 2021

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Sales Tax for Subscription Boxes

TaxConnex

Over the past few years, subscription boxes have increasingly grown in popularity. This method of selling products delivers packages right to customers. Buyers sign up for regular delivery of everything from food, makeup, music, books, pet supplies, flowers, clothes and more. This industry has ridden the wave of e-commerce and the growing expectation among shoppers that much of what they want to buy can come right to their door.

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3 Ways Fraud Experts Use Data Analytics

RogerRossmeisl

Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest employees. These are three common ways fraud experts use data analytics: 1. Association analysis This method can help identify suspicious relationships by quantifying the odds of a combination of data points occurring together.

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How to Measure Marketplace Success: Stage 1, Marketplace Metrics

BurklandAssociates

Every marketplace is different, but at its core, each marketplace has a seller (supply) and buyer (demand) side, acting as an intermediary to bring them together. The metrics VCs use Read More. The post How to Measure Marketplace Success: Stage 1, Marketplace Metrics appeared first on Burkland.

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Tax & Accounting Service – Preparation, Planning, Representation

MyIRSRelief

Tax Help? IRS – FTB – CDTFA – EDD tax help. . We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal. – Unfiled Tax Returns – 1040, 1120, 1065. – Negotiated Tax Settlements. – Tax Liens. – Offer in Compromises. – Tax Planning & Tax Preparation. ̵

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Planning Your Restaurants 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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Why So Many Filing Frequencies?

TaxConnex

When attempting to manage your sales tax obligations across many different states, one of the first things to hit you will be the dizzying number of deadlines you must follow when filing sales tax returns. Due dates can include the 7 th , 10 th , 15 th , 20 th , 30 th and the last day of the month. Determining factors. Generally, the higher the volume of tax you’ll be reporting, the more often you have to file and remit.

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How Do You Know When You Have Enough Money?

Withum

“How do you know when you have enough money?” –This is the title of a program I am presenting this Thursday, September 23,at noon for the Take a Business Break series at the East Brunswick Public Library. The program is free and is open to the public and will be on Zoom. You can register online here.

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Lead The Pack With Emotional Intelligence

GrowthForceBlog

6 min read. If asked to list the top traits needed for success in business leadership, things like business acumen, vision, creativity, drive, and analytical skills would probably make the top of your list. Emotional intelligence, arguably one of the most important traits for a business leader to possess, might not make your list at all.

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Are You Ready For Outsourced Controller Services?

AccountingDepartment

There comes a time in the growth of every successful business where the owner or CEO starts to feel that their basic bookkeeping simply isn't enough. If they're lucky, their books are clean and the integrity of their financial data is secure. (We'll let you figure out what their books look like if they haven't been so lucky.) Yet, in the growth process, owners find themselves wanting more from their data.

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The Rosenberg Survey

RitaKeller

“Great firms continually reinvent themselves.” – Marc Rosenberg. The 2021 Rosenberg Survey is NOW available! Each year The Rosenberg Survey does an analysis to see which metrics have the strongest correlation to profitability, as measured by income per partner. It never fails, the Top 4 are all related to leverage and rates! As we work with firms who are struggling with profitability, we start by looking at their various leverage ratios followed by comparing their billing rates to like-sized fi

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SBA 504 Loan Program Ran Out of Funds

LSLCPAs

What to Do if You’re Waiting Now or Will Need a Loan Soon LSL CPAs heard of this long-standing loan program’s situation and the effect on borrowers who have to wait for their money. We turned to long-time friend Matt Davis, President of Southland Economic Development Corporation, to give our readers some ideas on how. The post SBA 504 Loan Program Ran Out of Funds appeared first on LSL CPAs.

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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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Nonprofits That Stack Rank Their Programs Have Better Outcomes

GrowthForceBlog

8 min read. “ Which programs should I stop? Which programs best further my mission? Should I be starting a new program ?”. If you’ve ever stopped and asked yourself these questions, you’re not alone. Most nonprofit leaders have, and we’re here to share a solution that can solve just that.

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Utilizing Cloud-Based Systems to Convert to Virtual Processes

AccountingDepartment

The utilization of a cloud-based system allows people outside of a business to access company financial records remotely and securely. From an accounting standpoint, annual events, such as an audit, can now be handled without outside personnel even stepping foot into a company's office, which can be a useful tool given the COVID-19 pandemic.

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HHS Finalizes Various Benefit and Payment Parameters and Provisions for 2022 and Beyond

ThomsonReuters

PPACA; Updating Payment Parameters, Section 1332 Waiver Implementing Regulations, and Improving Health Insurance Markets for 2022 and Beyond; Final Rule, 31 CFR Part 33, 45 CFR Parts 147, 155, 156, 86 Fed. Reg. (Sept. 27, 2021). Final Rule. Fact Sheet. HHS has finalized regulations that amend various benefit and payment parameters and other Affordable Care Act (ACA) insurance market and Exchange-related rules.

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Small Business Tax Credit Updates Skagit County Owners Will Want to Consider

SkagitCountyTaxServices

I wanted you to know about something that came across my desk the other day because it is potentially very good news… Not many are talking about this, but there have been some MAJOR new Economic Injury Disaster Loan (EIDL) program updates from the SBA… New $2 million maximum loan size (This is WAY higher than the previous limits). Essentially, if you received an EIDL under the old limits you can apply for loan increases within the EIDL Portal on the SBA website.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Understanding Partnership Capital Accounts

CTP

Beginning in tax year 2020, the IRS has updated its compliance rules for partnerships. Most partnerships will now be required to report their capital accounts. These accounts show the equity owned by each partner and typically include information like the initial contributions made by each partner, business profits and losses assigned to each partner, and […].

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Monthly Financial Review Checklist for CEOs

AccountingDepartment

One of a CEO's most important tasks is staying on top of the company's numbers. This isn't just something for accountants. Financial statements give insight into the health of all areas of the company as well as how it's achieving its goals. Here's what you should be reviewing each month.

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Building a beta program that delivers

ThomsonReuters

When we set out to recruit firms to join our Onvio Tax beta program last year, our goal was to ensure go-to-market readiness for Onvio Tax prior to our commercial launch. From onboarding and training to product readiness and commercial strategy, we wanted to make sure we got the product right for our customers. Running an immersive beta program is about more than validating our own preconceived notions about timelines and readiness.

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2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits

KROST

This is one of the articles in the KROST Quarterly Technology Issue, titled “2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits.” In 2021, technology companies have a unique opportunity to claim both R&D Tax Credits for qualified research and Employee Retention Tax Credits (ERTC) for maintaining employees during the pandemic, with one key exception.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Present Value of Damages

FraudFiles

In this video, Tracy explains damage calculations, and how sometimes we have to calculate the present value of those damages. What is present value? And why do we do this?

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How Outsourced CFOs Can Keep Bookkeeping From Ruining Their Clients

AccountingDepartment

When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes that are in place. Proper bookkeeping is essential to the health of any company. If it’s done poorly, it can ruin a business gradually through higher costs, canceled vendor services, and lost profits. As you move into a small or midsize business to oversee its financial affairs, consider reviewing the company’s books and bookkeeping procedures to make sure that the division is opera

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An inside look at the Onvio beta program

ThomsonReuters

For an inside look at what the Onvio beta program was all about, we sat down with Corey Greene, Customer Proposition Strategy Lead for Small-Mid Firms. We discussed the rationale behind the beta program and what learnings will be incorporated into the Onvio strategy going forward. Q: First, what was the purpose of the Onvio beta program? A: The Onvio beta program was created to ensure go-to-market readiness prior to the commercial launch of Onvio Tax.

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Tax Proposals and the Potential Impact to Estate Planning

Withum

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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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Remote Workers – Flashback Friday

RitaKeller

“Friday is a day to finish your goals for the week. It is a day to celebrate that which you set out to accomplish at the beginning of the week.” —Byron Pulsifer. You have people who want to be fully remote. You have people who want to get back to the office. You have people who want a hybrid schedule. No matter which way you go, it’s still going to be different for everyone.

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CalCPA BUZZ: ICYMI—Digital Mag MAP Offerings

CalCPA

In a special feature produced by CalCPA’s Management of an Accounting Practice Committee, long-standing MAP Committee members ask questions of young, emerging professionals. The post CalCPA BUZZ: ICYMI—Digital Mag MAP Offerings appeared first on Hot Topics.

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3 benefits of a centralized tax data warehouse for corporate income tax

ThomsonReuters

Tax compliance — and the reporting involved in maintaining that compliance — is one of the most stressful tasks a corporate tax team must complete. In addition to filing returns for the federal government, as well as every state and locality in which it does business, a corporation may also be required to report sales and use taxes and much more. The penalties for failing to comply with any of these reporting requirements can include interest and fines, or even the loss of the organization’s abi

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AT&T Employee Phone Fraud – Why Insider Threats Are More Dangerous to Your Business

Withum

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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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Flexible Has Become Our Culture

RitaKeller

“I am a man of fixed and unbending principles, the first of which is to be flexible at all times.” – Everett Dirksen. Even before the pandemic, accounting firms were figuring out how to offer employees more flexibility and still maintain the level of production to meet the needs of the firm and the clients. My question is, is there danger in becoming too flexible?

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Winning Auditor Malpractice Cases

FraudFiles

Winning a case against an auditing firm when there is a sizeable fraud ( such as the Koss Corp. embezzlement ) or the collapse of a Ponzi scheme (such as the Bernie Madoff case) is not easy. Simply because there is a fraud, a business failure, or a pyramid scheme collapse, the auditors are not necessarily at fault. The auditors may have carried out their professional responsibilities exactly as they should have, but they still did not uncover the fraud.

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Business Entity Type Guide: Should You Change Your Business Structure?

Steve Feinberg

Running and owning a business is difficult enough, but one of the most consequential decisions you’ll have to make is finding the business entity type that best suits your company’s goals and operations. Your business entity type is your company’s official classification in the eyes of the state, and it affects things like how much you’ll pay in taxes, what documents to file , or how much you’re personally liable against instances of lawsuits or bankruptcy.

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Data Visualization for Resorts: Using Financial Data to Tell a Story

Withum

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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.