TaxConnex

JULY 27, 2023

The sales tax is collected by businesses and “passed-through” to the taxing jurisdictions. Many businesses have argued that with the introduction of economic nexus in 2018, sales tax has become a much bigger burden on businesses than originally intended. Consulting Your first C is Consulting.

Sales 130

Sales Tax audit Start-ups 130

ThomsonReuters

DECEMBER 1, 2023

Jump to: What is Form 4562? What is listed property for depreciation? What does a depreciation schedule look like? What is Form 4562? It is used to expense certain property under Section 179, and to provide information on the business or investment use of vehicles and other property.

tax return 97

tax return Tax Transportation Non-Profits 97

ThomsonReuters

MARCH 5, 2024

Jump to: What is Form 1042-S? What information does Form 1042-S contain? Do I need to report Form 1042-S? How to file Form 1042-S The importance of Form 1042-S Form 1042-S , an essential information return in the realm of tax reporting, serves as a meticulous record of income paid to foreign individuals and entities.

tax return 52

tax return Tax Account accountant 52

ThomsonReuters

JANUARY 25, 2024

In fact, 70% of surveyed businesses in the 2023 State of the Corporate Tax Department report said their top four primary goals are related to operational improvements, such as improving efficiency and processes. Report Download a free copy of the  2023 State of the Corporate Tax Department  for more in-depth analysis.

Technology 98

Technology Tax corporation tax Start-ups 98

ThomsonReuters

JULY 6, 2023

In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services. But what accounting advisory services should your firm offer? What are accounting advisory services? What are examples of advisory services? Let’s take a look.

Account 98

Account accountant accounted tax return 98

ThomsonReuters

AUGUST 25, 2023

What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Tax depreciation is the depreciation expense that can be reported by a business for a given reporting period. Jump to: How does depreciation affect corporation taxes?

corporation tax 98

corporation tax Tax income tax financial statements 98

Acterys

JULY 10, 2023

Is AI adoption merely a convenient tool for addressing a few immediate inquiries, or does it provide a strong mechanism for capitalizing on emerging business opportunities almost instantaneously? Business leaders, including CFOs, are well aware of these technologies. The launch of ChatGPT has taken the world by storm.

Gaming 130

Gaming accounting and finance accounting software Technology 130

ThomsonReuters

FEBRUARY 29, 2024

Following high school and an internship at a small business where her role included accounting work, Brittany Lanphier determined that she would definitely not study accounting in college. After a few years, she and her husband Dennis left to start their own business.

CPA 97

CPA Account accountant accounted 97

CPA Practice

NOVEMBER 14, 2023

Accounting professionals are our most valued partner; QuickBooks Connect allows us to foster deeper relationships with them so we can work better together to empower and fuel small business success,” said Jeremy Sulzmann, vice president of the Partners Segment Business for Accountants at Intuit QuickBooks.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

ThomsonReuters

DECEMBER 7, 2023

Jump to: What is the difference between amortization and depreciation? What is the difference between amortization and capitalization? What is the difference between amortization and depreciation? Tangible assets are physical assets like inventory, manufacturing equipment, and business vehicles.

Non-Profits 98

Non-Profits Tax tax return Account 98

Acterys

AUGUST 4, 2022

Use this opportunity to boast your skills and expertise in building stunning reporting and analytic solutions using Power BI. Use this opportunity to boast your skills and expertise in building stunning reporting and analytic solutions using Power BI. What are the Rules? The report must be created using Acterys Power BI Visuals.

accounting firms 130

accounting firms Sales Account accountant 130

Acterys

AUGUST 4, 2022

Use this opportunity to boast your skills and expertise in building stunning reporting and analytic solutions using Power BI. Acterys Hackathon is a Power BI dashboard contest for Acterys’ partners implementing who have provided reporting and analytics solutions for clients across the globe. What are the Rules? Of course!

accounting firms 130

accounting firms Sales Account accountant 130

ThomsonReuters

FEBRUARY 28, 2024

Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work. No matter what the culture of the firm is, you will be successful, the professor said.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

Xero

NOVEMBER 9, 2023

Exploring the agenda This year we’re exploring how we can work Smarter, Faster, Stronger, Together to support small businesses across Asia; your clients, who themselves strive to do this every day, and depend on their accountants and bookkeepers to help get them there. Of course, this includes catching up with our app partners!

bookkeeping 84

bookkeeping Account accountant accounted 84

TaxConnex

AUGUST 4, 2022

We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? In this blog we answer your top questions about marketplace facilitators. What is a marketplace facilitator? Well-known examples include Amazon, eBay and Etsy. What are the details of marketplace facilitator laws?

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

Xero

SEPTEMBER 27, 2023

With economic conditions putting pressure on Australian small businesses, owners are looking at different ways to maintain a healthy cash flow. Our ‘Money matters’ report showed that 61% of Australian small business owners increased their prices in the last 12 months to stay ahead of rising costs and make a profit.

payroll 91

payroll Start-ups Sales Finance 91

CPA Practice

MARCH 31, 2023

a global financial technology platform that makes several professional, business and consumer tax and financial management systems. a global financial technology platform that makes several professional, business and consumer tax and financial management systems. The survey was sponsored by Intuit Inc.,

Technology 128

Technology quickbooks Account accountant 128

Xero

NOVEMBER 22, 2023

The latest round of Xero Small Business Insights (XSBI) featured plenty of new data showing how small businesses are tracking across Australia, Canada, New Zealand, the United Kingdom and the United States. We track several small business indicators including sales, payment times, jobs and wages. In New Zealand (+0.7%

Sales 100

Sales Retail Start-ups 100

Xero

AUGUST 29, 2023

This guest blog post was written by the team at financial management app, Expensify. Finding the right balance between automation and compliance in any business process can be challenging. On the other hand, automating every aspect of expense reporting without proper checks and balances can potentially result in compliance issues too.

Approval Workflows 86

Approval Workflows general ledger Expense Management audit 86

ThomsonReuters

JUNE 28, 2023

What are the challenges of ESG data collection? When you look at ESG through the lens of a tax and accounting firm, reporting on environmental, social, and governance factors is enabled by data. However, ESG data can be a challenge to collect, manage, and report on. Many businesses don’t even know where to start.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

DECEMBER 8, 2023

Jump to: What is generative AI? Let’s take a look at what we can expect from AI in the near future, and the precautions accounting firms should take to ensure accuracy, trust, and data security. What is generative AI? Further, AI enhances the accuracy of financial reporting by reducing the risk of human error.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

MARCH 5, 2024

Jump to: What is Form 1042 and who must file? What information is needed to file Form 1042? What are the new changes to 1042 filing requirements? with filing their returns In today’s global business environment, it is likely that your firm’s client base includes some who pay U.S.-sourced When is Form 1042 due?

Account 52

Account accountant accounted Tax 52

ThomsonReuters

AUGUST 25, 2023

Jump to: What is software depreciation? Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally.

Tax 97

Tax Technology Manufacturing payroll 97

Shay CPA

FEBRUARY 28, 2024

1: Get data entry done Confirm with your team that everyone has submitted all of their reports, receipts, etc. Last-minute expense report submittals could make things tricky, so set a deadline for your staff. Last-minute expense report submittals could make things tricky, so set a deadline for your staff.

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

APRIL 30, 2024

Auditors must ensure that financial statements are free from material misstatements and that all relevant information is included. What is the role of technology in enhancing audit data review Technology has revolutionized the audit profession, offering auditors powerful tools to enhance data review processes.

auditor 52

auditor audit Technology financial statements 52

SkagitCountyTaxServices

JANUARY 5, 2024

So, what are some of your goals for 2024? I’d love to hear more about them… especially any that pertain to your Skagit County business. And one thing you should not procrastinate on this year is filing your Beneficial Ownership Information report (BOI). Note: BOI reporting doesn’t apply to every business.

Tax 75

Tax financial statements Sales Legal 75

ThomsonReuters

OCTOBER 19, 2023

Who needs to file Beneficial owners Company applicants When do reports need to be filed for the Corporate Transparency Act? Companies are looking for more information on the Corporate Transparency Act, how it affects their operations, and what the details of the reporting requirements are. Who needs to file?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

ThomsonReuters

NOVEMBER 28, 2023

To understand how your firm stacks up in terms of the need for automation , ask yourself: What is your process for gathering client documents? How are you preparing and reviewing the tax return? What is your process for creating supporting documentation/workpapers? What are your methods for client communications?

Technology 112

Technology Account accountant accounted 112

Xero

DECEMBER 17, 2023

Twice a year, our teams at Xero are invited to take part in a hackathon week. The challenge is simple: find a small, specific problem that our customers face, and come up with an innovative solution that can be built and released to customers in a short period of time. As you can imagine, the results of our recent hackathon were incredible.

tax return 76

tax return Tax bookkeeping Sales 76

CPA Practice

JANUARY 9, 2024

What will 2024 bring when it comes to managing tax and reporting processes? Avalara is a provider of cloud-based tax compliance automation for businesses of all sizes. In 2024, AI will provide more tax answers for all businesses. We’ll also see AI help file tax returns for businesses and consumers.”

Technology 81

Technology Tax E-commerce audit 81

ThomsonReuters

DECEMBER 19, 2023

Jump to: What are green taxes? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? From staying informed on ESG trends and regulations to identifying green tax breaks, more and more businesses are turning to accountants for ESG reporting and compliance. What are green taxes?

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? What are the roles and responsibilities for accountants? Recording expenses and preparing financial reports.

Account 59

Account accountant accounted tax preparation 59

Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. And he did it in front of 33 million people. Imagine you’re on the La La Land team at this moment. Imagine you’re in the room at all.

Start-ups 114

Start-ups public accounting Gaming Account 114

Accounting Insight

MARCH 31, 2023

To add foundations to your ambitions, you need carbon accounting… What is carbon accounting? In other words, quantifying, tracking and reporting the amount of greenhouse gas emissions released into the atmosphere as a result of your business activity. Noble, no doubt, but all a bit arbitrary unless backed by solid evidence.

Account 59

Account accountant accounted audit 59

Xero

MAY 14, 2023

The opportunity for digitalisation This week we released new insights developed by the New Zealand Institute of Economic Research (NZIER) revealing a 20% increase in the number of businesses adopting cloud-based business tools in the future could add up to $7.8 These are impossible numbers.

Technology 91

Technology Government Start-ups bookkeeping 91

Anders CPA

MAY 17, 2022

If we’re discussing hindsight in business, let’s use a particularly early example. Pretend you own a business transporting goods by horse and carriage. If you can figure that out, you’ll increase business. You instantly see how it works and you instantly see the potential of your horse and carriage business drop.

cpas 98

cpas Transportation CPA Sales 98

Xero

FEBRUARY 19, 2023

Once your payroll data is updated and you’ve marked each step as complete in the STP2 Portal, you’ll be able to enrol in Phase 2 reporting – step four of the transition. This will see your business share more information with the ATO and other government agencies whenever you process a pay run. But can’t I just transition in March?

payroll 109

payroll Government bookkeeping 109