Wed.Sep 28, 2022

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Is Software as a Service Taxable? 

Anders CPA

Is Software as a Service (SaaS) taxable? The short answer to this common question: Maybe. Each state treats taxation of SaaS slightly differently, although many states do consider it taxable. Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. SaaS really encompasses three types of services: SaaS; Infrastructure as a Service (IAAS) and Platform as a Service (PAAS).

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Risks of misunderstanding the impact of economic nexus

TaxConnex

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. Nexus can also be physical, created by inventory, employees or reps in a state or jurisdiction. Nexus can also be dangerous.

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FBI Notification: Cyber Criminals Targeting Healthcare Payments

Withum

On September 14, 2022, the FBI issued the attached notification regarding hackers that are actively targeting healthcare payment processors to reroute funds to attacker-controlled accounts. The FBI noted that thus far in 2022, hackers have already stolen more than $4.6 million USD from healthcare organizations by accessing customer accounts and altering payment details causing critical operational, reputational, regulatory, and legal impacts.

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Procore + Xero: Building a new platform partnership to help digitalize construction

Xero

As we scale our small business platform, we are always looking at ways we can work with like-minded partners to deliver best-in-class cloud tools to our customers. This is all part of the work we are doing to build out the Xero platform, catering to the industry specific needs of our customers. Speaking of building, I’m proud to announce our new partnership with Procore , connecting their industry leading construction platform into Xero. .

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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SEC charges Friedman with improper professional conduct in audits

Accounting Today

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Business apps: Everything you need to know

Xero

With the explosion of different business apps now available, more and more businesses are using apps to help run their daily operations and to grow – gaining access to smarter insights and banishing manual tasks to the past. But what exactly are business apps? And how are businesses that embrace app technology seeing the benefits? . First, what exactly do we mean by apps?

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CPAs must advise clients of green energy opportunities in the IRA

Accounting Today

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Finding a niche for your professional services

Reckon

Stephanie Crawford found a knack for business coaching while working as a bookkeeper. And now, as a coach, her main clientele are fellow bookkeepers looking for strategic business advice. “I’m a huge advocate for businesses having a bookkeeper as part of their team—they are generally more successful as a result,” she shares. “Coaching bookkeepers has become my sweet spot.”.

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Managing cash flow for a not-for-profit

Accounting for Good

The post Managing cash flow for a not-for-profit first appeared on ACCOUNTING FOR GOOD.

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Rising interest rates cause pain for estate planning moves used by the ultrarich

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Foreign Earned Income Exclusion (Form 2555)

KROST

The US tax system requires all its citizens and permanent residents to file tax returns based on worldwide income, regardless of where they live. As such, if a person lives overseas and files taxes in a foreign country, the person also needs to report the foreign income to the IRS by filing US taxes. In Read the full article. The post Foreign Earned Income Exclusion (Form 2555) appeared first on KROST.

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Sales tax receipts decline as inflation pinches pockets

Accounting Today

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According to This List, Deloitte is the Best Big 4 Firm For Women

Going Concern

Fortune has come out with their 100 Best Large Workplaces for Women list and while no accounting firms made the top ten, Deloitte managed to claw their way up to #16 from #51 in 2021 thus making them the highest-ranked Big 4 firm on the list. To determine the Best Workplaces for Women, Fortune research partner Great Place to Work analyzed feedback representing more than 1.2 employees, 640,000 of whom were women.

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Boomer's Blueprint: Uncertainty, leadership, adaptability, resources

Accounting Today

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Top Five Power Platform Mistakes for Citizen Developers to Avoid

Withum

Power Apps and Power Automate are two amazing low-code/no-code tools that allow any citizen developer to quickly innovate and solve their business problems without help from IT. Even so, a little advanced knowledge of what to avoid can go a long way in making your first forays into the world of citizen development more successful. To that end, I’ve pulled together my top five power platform mistakes to avoid from my own experience and that of many of our clients.

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The two types of 'trusted'

Accounting Today

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A New Commerce Accounting Capability

Intuitive Accountant

Intuit QuickBooks rolls out new commerce accounting capabilities, seamlessly integrating online sales channels.

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In the blogs: Constantly evolving

Accounting Today

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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How Your Firm Can Drive Better Client Experiences

Intuitive Accountant

Avii is offering accounting firms flexibility with new Core and Enhanced Versions of Avii Workspace Client Experience Solutions

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A discussion with our Digital Marketing Manager – what can you learn for your own business?

Reckon

We recently sat down with Valentina Vurchio, Digital Marketing Manager at Reckon, to get a better handle on exactly what digital marketing is. We also unpacked some of the most recent trends you should be looking out for, and a few easy ways to improve your own digital marketing as a small business owner. As a digital marketer, can you give us a brief idea of what digital marketing entails?

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FASB seeks nominees for Small Biz Advisory Committee

Accounting Today

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Build It and They Will Come: Hiring a Contractor

Patriot Software

As a small business owner, it’s your responsibility to know who’s the best person to hire for a job. Sometimes that means adding an employee to your roster. Other times, it means hiring a contractor. Hiring a contractor can help fill temporary or project-oriented positions. Read on to get the scoop on hiring independent contractors […] READ MORE.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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3 Things To Consider When Deciding on In-House or Outsourced Accounting Services

AccountingDepartment

As a small or medium-sized business owner, trying to decide whether to hire an in-house team of accounting professionals or hire an outsourced accounting services provider can sometimes be difficult. To some, just hiring a person to come into the office to handle the books seems like an easier option, but it may not be the best option.

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Is Stripe a Secure Payment Method?

Snyder

Like Square and PayPal, Stripe is a payment-processing platform that offers users an affordable online transaction tool with several customization options. Like any new system, it might take a little time to master Stripe. But once you get used to the platform, you’ll find that the secure Stripe payment integration for accounting is very straightforward and has an easy-to-navigate user interface.

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EY UK Chair Insists Audit Will Not Be the Red-Headed Stepchild of Professional Services if the Split Goes Forward

Going Concern

For years, audit has struggled to attract talent and especially leadership because let’s be honest, audit is awful. You’re clients least favorite person, you have regulators breathing down your neck, and one little mistake can ruin your whole career. Plus the pay is…not great compared to other service lines. EY UK Chair and Managing Partner Hywel Ball says all that will change if and when EY splits off its audit and consulting arms.

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Practice Profile: Continuing the education

Accounting Today

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Meet the Brand: Mindful Education

Accounting Insight

Next up in the spotlight is Mindful Education, specialists in o nline accounting courses and apprenticeships. Check them out before meeting their team at Accountex Summit Manchester 2022! What do you do? At Mindful Education we create award-winning online accounting courses and apprenticeships which set a new standard in the digital delivery of education. .

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How to Measure Business Performance in 3 Steps

IgniteSpot

1. Regularly track financial goals and benchmarks. What details and data points will help you make decisions? Determine the right goals and track them to determine what success looks like.

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Would job costing or process costing be used for gummy bears produced at the US Haribo manufacturing plant?

Wendy Tietz

Haribo has manufactured gummy bears since 1920. Those bears are currently made in 16 plants around the world. Starting in late 2022 or early 2023, those gummy bears will also be made in the US when Haribo finishes construction on its new plant in Pleasant Prairie, Wisconsin. Worldwide, about 100 million gummy bears are made […].

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Peter Margaritis

GBQ

Go “off script” with this improv virtuoso, author, speaker, coach, podcaster, communication expert (and accidental accountant!) to explore how mastering the art of business improv reinvents the way individuals and teams connect, communicate and collaborate. Go “off script” with this improv virtuoso, author, speaker, coach, podcaster, communication expert (and accidental accountant!

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.