Trending Articles

Blog: The 'XYZ Letter' and your sales tax compliance

TaxConnex

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates.

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Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research

Acterys

We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6

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Getting Started with Lockstep Inbox – Free Forever

Lockstep

Lockstep Inbox creates an online workspace so there’s one place for your accounting team to work together, manage shared activities, and directly connect with customers and vendors.

IRS Releases Updated Cost Segregation Audit Techniques Guide

RogerRossmeisl

On 6/1/22, the IRS made available an update to the “Cost Segregation Audit Techniques Guide” (Publication 5653). Originally issued in 2004, the purpose of the Audit Techniques Guide (ATG) was to offer guidance to IRS auditors auditing cost segregation studies.

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5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

IRS adds options for electronically amending 1040s

Accounting Today

E-filing Tax returns IRS Tax

KPMG’s New Metaverse Space is Like the First-Person Shooters You Played in 1999 But Worse

Going Concern

14 or 15 years ago I trolled Bill Sheridan of the Maryland Association of CPAs on Twitter about uncovering a weapons cache they’d stashed on CPA Island, a then-revolutionary virtual space in the game Second Life MACPA had set up for…accounting things.

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More Trending

Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyderr

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. These two ledger lists are available on your balance sheet and indicate how well your business is performing.

Ways You Can Stop Tracking Links

RogerRossmeisl

As posted to the Naomi Brockwell YouTube Channel on 5/21/22 (Run Time: 9 min, 17 sec) In this informative video, Naomi Brockwell provides a primer on how tracking links work, and offers suggestions for identifying/bypassing them, and using a browser that does the best job at circumventing them.

Taxpayer advocate sees much larger backlog than IRS reported

Accounting Today

Tax refunds E-filing Tax returns IRS Tax

Accountants as Advisors – and the Elephants in the Room!

PANALITIX

RESOURCES / ARTICLES. Accountants as Advisors– and the Elephants in the Room! How do Accountants sell more advisory services? This is a question we get asked a lot… and the answer can be more complicated than it appears. For starters, WHY would Accountants WANT TO sell more advisory services?

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Payment on account - what it is & how to pay your tax bill

Wellers Accounting

Ercan Demiralay FCCA explains the details and intricacies of payment on account.

Bookkeeping is The Minimum

Basic 365

When you run a business, bookkeeping is the minimum. Bookkeeping is compliance work. The IRS wants you to comply by having good books and records to substantiate the amounts you put on your business tax return. Banks want you to comply to loan covenants if you have a bank loan with them.

KPMG CEO Pats His Firm on the Back For Being So Behind the Times, Roasts EY While He Does It

Going Concern

Sky News has obtained part of an internal memo KPMG Global Chairman and CEO Bill Thomas sent to firm partners earlier this month in which Mr. Thomas turns his nose up at EY’s plan to split consulting and audit practices.

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SEC to require e-filing for advisors, institutional managers

Accounting Today

E-filing Technology SEC

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

IRS Still Has Backlog of 21.3 Million Tax Returns

CPA Practice

At the end of May 2022, the agency had a backlog of 21.3 million unprocessed paper tax returns, an increase of 1.3 million over the same time last year.

Where’s my ERC refund?

Dent Moses

Many businesses filed for employee retention credits. Unfortunately, the IRS has a staggering backlog of Form 941’s to process as a result of ERC filings along with normal quarterly filings.

How to Handle Stripe Disputes in E-commerce

Snyderr

As your online store grows and attracts more customers, so does the risk of facing Stripe disputes. Disputes can lead to discrepancies and add more challenges to your accounting routine. How to deal with the dispute depends on the payment processor you use.

Being Home During Lockdown Shifted Accountants’ Priorities, Says Lady

Going Concern

Kristy Illuzzi, CPA, CGMA of International Federation of Accountants (IFAC) on why the Great Resignation is affecting the profession so acutely : I think the Great Resignation is interesting in that it has impacted almost every sector of our economy and every profession in some way, and it’s no different in the accounting industry.

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

Firms step up recruiting amid talent shortage

Accounting Today

Practice management Employee retention Recruiting

Selling an S Corporation: Using a Stock Redemption for Tax Benefits

CTP

As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. What is the difference from a tax perspective?

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The Word on Payment Methods for Skagit County Businesses

SkagitCountyTaxServices

…payment methods! Try to come up with one thing that’s more important to your Skagit County business than taking in revenue smoothly. Yeah, I couldn’t, either. And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of inflation on your profit margins.

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Streamlining The Monthly Close With a Few Easy Steps

AccountingDepartment

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

EY Throws a Fit When Your Job Circumstances Change

Going Concern

I got an offer in a corporate role and turned in my two week notice at EY. Everything was fine: HR treated me well and wished me luck in the next chapter of my career.

Clients benefit when auditors specialize in complex accounts and transactions

Accounting Today

Accounting firm services M&A Audit Audit preparation

Tax Strategies for Selling an S Corporation: Failing the §302 Stock Sale Tests

CTP

As a tax planner, when a client approaches you about selling their S corporation, one of the first questions to ask is whether they are selling the stock or the assets of the business. What is the difference from a tax perspective?

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I Sold My Small Business Stock After 4½ Years – Can I Qualify for the QSBS Exclusion?

Withum

I receive at least 5 calls per year with some variation of this question. The callers are asking about the exclusion for capital gain on the sale of qualified small business stock (QSBS).

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Airbase Presents: Off the Ledger LIVE! — Small Teams. Big Impact.

Speaker: Panel Speakers

Airbase invites you to virtually join our inaugural one-day conference inspired by, and in support of, Off the Ledger — a Slack community of over 3,300 finance and accounting professionals. Learn how your finance teams, big or small, can have the greatest impact.

Balancing the Top and Bottom Lines in a High-Growth Company

GrowthForceBlog

7 min read. How do you measure growth in your business? Are you focusing on your top line or the bottom line growth? Podcast Episodes

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“The First State” Becomes the 11th: Delaware Paid Family Leave Coming Soon

Patriot Software

With the passage of the Healthy Delaware Families Act (the Act), Delaware became the 11th state to guarantee paid parental, medical, and military leave for employees. Delaware paid family leave (PFL) touches the lives of both employees and their employers.

Eide Bailly merges in Seim Johnson

Accounting Today

Practice management M&A Integrations

Not-for-Profits in the Know Webinar Series: In-Kind Donation Reporting is Changing

Anders CPA

Our Not-For-Profit team is excited to offer a new webinar series focused on industry topics that not-for-profits are most interested in. Starting in July, Anders advisors will host a bi-monthly discussion to help educate and empower community leaders to further the mission of their organizations.

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Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.