TaxConnex

APRIL 14, 2022

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. This is especially true when it comes to state registrations. For some reason, many of the software and service providers who claim to manage sales tax for you, don’t help with registrations, and if they do it comes at extra cost.

Sales 158

Sales Tax tax return Start-ups 158

GrowthForceBlog

APRIL 14, 2022

6 min read. No matter what size your organization is, all leaders - from seasoned business owners to new entrepreneurs- can find benefits from a ‘start-up’ mindset.

Start-ups 78

Start-ups 78

MyIRSRelief

APRIL 15, 2022

If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Our tax firm assists, helps and represents taxpayers facing tax problems such as unfiled tax returns, unpaid delinquent back taxes, IRS and state audits , payroll 941/940 problems, tax levies, liens, garnishments and other collection issues. Get tax relief representation and complete resolution today!

Connecticut 130

Connecticut Tax Real Estate tax return 130

VetCPA

APRIL 14, 2022

Perhaps the number one action you can take to support the financial health of your small business is to stay on top of accounting. Make sure you’re aware of most small businesses’ accounting challenges and learn how to overcome them. We’ll tell you how here! Banking. You’ve been banking for years, and you know how to manage the task.

Account 130

Account accountant accounted payroll 130

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TaxConnex

APRIL 12, 2022

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Give us a break. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

South Dakota 207

South Dakota Sales Tax North Carolina 207

BurklandAssociates

APRIL 11, 2022

This article is the second installment of a two-part series on supply chain challenges and Sales & Operations Planning (S&OP) for startups. In last week’s article we examined cash management Read More. The post Sales & Operations Planning (S&OP) Process for Startups appeared first on Burkland.

Sales 130

Sales 130

ThomsonReuters

APRIL 14, 2022

IRS Employee Plans News (Mar. 25, 2022). Available at [link]. The IRS has announced that, due to COVID-19-related backlogs, it is suspending the issuance of certain delinquent filing notices relating to returns filed by tax-exempt or governmental entities, including employee benefit plans. Suspended notices include reminder notices about Form 5500-EZ and 5500-SF filing requirements, first delinquency notices for Form 5500 and 5500-SF, and second delinquency notices for Form 5500.

Tax 98

Tax Account accountant accounted 98

Reckon

APRIL 10, 2022

It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support packages, but these were no silver bullet. Promoting and ensuring a healthy cash flow was always a central pillar of a successful business.

accounting software 98

accounting software bookkeeping Sales Government 98

Ryan Lazanis

APRIL 14, 2022

In this podcast episode, I shared 3 valuable ideas that can help you avoid getting stressed out if you’re offering the least scalable service — individual tax preparation. Listen below. 1:05 – You simply can’t scale your firm when you focus on individual tax prep services for a quarter of the year. 1:26 – It’s difficult to find qualified people to fill in the capacity gaps that’s why most firms just push through the busyness. 1: 36 – Personally, I refuse to do this service in o

tax preparation 98

tax preparation Tax Account accountant 98

Withum

APRIL 11, 2022

On Thursday the House passed H.R. 3807 , Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would add an additional $42 billion to the Restaurant Revitalization Fund (RRF) and fund $18 billion to a newly created Hard Hit Industries Award Program (HHIAP). If passed by the Senate, the bill would ensure funding for more than 177,000 restaurants whose applications were placed on hold when the fund was exhausted in July of 2021.

tax services 126

tax services Tax business tax 126

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.

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! While the rules were often complex and the substantiation requirements thorough, COVID-19 credits were well worth claiming and significantly helped companies stay financially afloat.

payroll tax 98

payroll tax tax return payroll Tax 98

Basis 365

APRIL 13, 2022

Does it make sense to outsource your accounting? Of course, it does! More and more companies are allowing outsourced accounting firms to take care of their accounting functions and are reaping all the benefits outsourced accounting offers. You can save money all around Outsourced accounting services can save companies money as they don't have to pay full-time employees and their benefits.

Account 92

Account accountant accounted Non-Profits 92

Ryan Lazanis

APRIL 13, 2022

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. Let’s go! What is a Workflow? Your organization has a variety of critical tasks that need to be completed on an ongoing basis. A workflow is therefore the sequence of steps required to move a task from beginning to end in order to complete it.

Account 88

Account accountant accounted accounting firms 88

Withum

APRIL 11, 2022

On Friday, March 25, 2022, the IRS announced that it will suspend sending the notices that they generally mail to tax-exempt organizations resulting from what its systems believe is the late filing of tax returns. The IRS explained that the suspension of notices results from it not yet processing millions of tax returns, many of which were timely filed, and other pieces of mail, resulting from erroneous notices.

tax return 122

tax return tax preparation Education Tax 122

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

CTP

APRIL 15, 2022

Every tax professional needs to be conscious of how to manage their practice ethically. An important resource in this matter is Circular 230 , a publication that regulates practice before the IRS for attorneys, CPAs, and enrolled agents. Even if these professionals have other ethical obligations as defined by their governing body or rules of conduct, following the general concepts of Circular 230 will likely help them fulfill the duties they have in other areas.

Tax 87

Tax tax planning tax return CPA 87

Going Concern

APRIL 13, 2022

Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. It took me all of three seconds of Googling — which coincidentally is exactly how much time I’m willing to commit to researching an artic

Gaming 82

Gaming 82

AccountingDepartment

APRIL 12, 2022

Cash flow forecasting is an important process. It's used to estimate the flow of cash that comes in and goes out of a business over a set time period. When it's accurate, it makes it easier for a business owner to predict future financial positions. By making those kinds of predictions, the owner of a business is better able to avoid cash shortages, and invest surplus cash effectively.

Account 81

Account accountant accounted 81

Withum

APRIL 12, 2022

The tax due date for most individual tax returns this year is April 18. If you are unable to complete your return to file by April 18, you can file for an extension to submit your return by October 17. However, the extension does not cover the payment of the tax due. The taxes need to be paid by April 18, or you will be assessed interest and penalties, and if the correct payments are not made, it is possible that the extension will not be accepted, and late filing penalties will also be due.

tax return 105

tax return Tax audit tax preparation 105

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SkagitCountyTaxServices

APRIL 13, 2022

For as long as trade has existed, so has accounting. Goods are sold, profit is made, expenses are accrued, and everything gets recorded (presumably, ha!). And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry.

small business accounting software 80

small business accounting software small business accounting accounting software business accounting 80

Randal DeHart

APRIL 15, 2022

With the potential for business life to return to something resembling normal, it's good to look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve or took you away from your overall goals. Considering how your business and your employees functioned in recent years can help you predict upcoming trends, enabling you to plan for adjustments.

Construction 76

Construction Technology bookkeeping Account 76

AccountingDepartment

APRIL 14, 2022

In today's world, operating with manual, pen & paper processes is a way of the past. There just isn't enough time in the day anymore to keep up with it!

NetSuite 87

NetSuite Account accountant accounted 87

Withum

APRIL 13, 2022

Kimberlee S. Phelan. Partner Princeton, NJ. Robert Mullins. Partner – Roha Africa. Sonkwe Kasonkomona. Associate Director of Tax Services – HLB Zambia. Food: Zambia Nshima Ifinkubala Dubai, United Arab Emirates Luqaimat Knafeh. Sightseeing: Zambia, Africa Victoria Falls in Livingston Lake Kariba Dubai, United Arab Emirates Expo World International Fair (Until End of March beginning of April) Desert/Dunes (Picnic/Camp).

tax services 103

tax services Tax 103

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Technology

GrowthForceBlog

APRIL 12, 2022

7 min read. Just like any other organization, Nonprofits of all types are susceptible to fraud. In fact, Nonprofits are even more susceptible to fraud because they oftentimes do not have the resources to help prevent and properly recover from fraudulent activity.

Account 73

Account accountant accounted 73

Going Concern

APRIL 13, 2022

As a Fisbhowl user, I received a notification on my phone this evening that “KPMG was tagged in a post,” and this was the post : I had no idea this was a thing. Someone in the comment section said the commercial was on KPMG US’s YouTube channel , so I went there, and sure enough, there are a series of three “Reconnect with KPMG” ads. And I watched them.

Entertainment 70

Entertainment public accounting accounting firms Account 70

Anders CPA

APRIL 14, 2022

Good news came for taxpayers with large estates when the Tax Cuts and Jobs Act (TCJA) was passed. The TCJA doubled the estate and gift tax lifetime exemption, from $5.49 million per taxpayer to $11.18 million per taxpayer. For 2022, the exemption has been adjusted for inflation to $12.06 million per taxpayer and $24.12 million per married couple. On top of this generous amount, the IRS also allows for portability of the exemption between spouses – an important consideration in estate planning.

Tax 59

Tax tax return tax planning CPA 59

Withum

APRIL 12, 2022

Withum is proud to share that ROI-NJ has named Zsia Rosmarin as a Top Influencer in their Women in Business List for 2022. Zsia is a partner at Withum with over 20 years of experience in accounting and business and strategic tax. She leads the Tax Tech and Emerging Growth Industry Group, where she consults on various related tax issues, and she serves as the Women in Tech Team Leader for the Technology and Emerging Growth Industry Group.

Technology 98

Technology Tax Account accountant 98

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Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses. This can seem onerous, but understanding what needs to be done, and when, can significantly help reduce the stress and ensure that the tax filing process is smooth and straightforward.

Tax 52

Tax tax return business tax accounting and finance 52

Going Concern

APRIL 12, 2022

Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the real superhero here? Related articles: Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be.

Account 64

Account accountant accounted 64

Anders CPA

APRIL 12, 2022

Understanding the basics of accounting is vital to any business’s success. Under the accrual basis of accounting, recording deferred revenues and expenses can help match income and expenses to when they are earned or incurred. This helps business owners more accurately evaluate the income statement and understand the profitability of an accounting period.

Account 59

Account accountant accounted CPA 59

Withum

APRIL 15, 2022

Have you ever heard the phrase, what keeps you up at night? If you’re a healthcare executive, there is an ever-growing list of challenges, including patient care, staffing, technology and equipment, facilities, and pandemics. And those are just the primary concerns. This leaves little room to be consistently overburdened with extra administrative oversight of internal processes, applications, IT infrastructure, and vendors.

Healthcare 80

Healthcare audit cpa firm CPA 80

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