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6 (Not So) Simple Steps to Sales Tax Compliance

TaxConnex

In this blog , we’ll take a look at the 6 steps to compliance and some of the complexities that go with them. Once you’ve determined that you have nexus, you need to determine the taxability of your products or services in the states you have nexus. Similarly, services are generally exempt unless stated otherwise. Registration.

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Understanding the corporate tax outsourcing opportunity: What firms need to know

ThomsonReuters

Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ Consider this: the global business process outsourcing market size accounted for $241.7 Are corporate tax outsourcing services right for your firm?

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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

In the same way that accountants utilize real-time data to provide proactive advice to their CAS clients, accountants can also utilize the latest in modern spend & expense management tools and resources to offer their clients the visibility they need into their SMB’s cash flow.

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Technology is Enabling Centralized Global Statutory Reporting

ThomsonReuters

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Watch the entire episode. Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance.

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What can you do if you’re working too hard? Here are ten practical tips

Mark Lee

These days many accountants feel as if they are working harder than ever just to stand still. It needs to be managed carefully to reduce that sense of overwhelm. It is typically older accountants who approach me with feelings of overwhelm. It is typically older accountants who approach me with feelings of overwhelm.

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Unmasking the marketing bullies: how to spot and avoid their tactics

Mark Lee

Regular readers will know that, on this blog I share, what I hope is, constructive and unbiased advice for accountants in practice. They often employ very persuasive salespeople who attempt to scare accountants into spending far more money than necessary. You were very different and so much more believable,” she said.

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Tax Deductions Guide 2021

inDinero Tax Tips

However, if you’re claiming ineligible business expenses , you risk facing an audit. Deductions work by reducing your total gross income. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices. Cost of Goods Sold vs. Cost of Service. Retailers and Services account for operating costs much differently.

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