Wed.Sep 28, 2022

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.

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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.

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

Accounting Today

Practice management

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. Exclude From Blog Uncategorized

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

SEC charges Friedman with improper professional conduct in audits

Accounting Today

Marcum LLP SEC enforcement Audit Audit preparation

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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.

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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

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

Accounting Today

Tax planning Interest rates Wealth management IRS Tax Estate planning Trusts

Accounting Insiders Rewind: Controllership Solutions' Stephen Smith

Intuitive Accountant

The owner and CEO of Controllership Solutions dishes on trusted advisor status, client relationships and what it takes to be successful. Check out his spot on Insightful Accountant's YouTube channel

Sales tax receipts decline as inflation pinches pockets

Accounting Today

Inflation State tax revenues Tax State taxes

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

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.

The two types of 'trusted'

Accounting Today

Practice management Consulting Client relations

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.

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?

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

In the blogs: Constantly evolving

Accounting Today

Tax preparation Risk management Marketing IRS Client communications Tax tools

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.

FASB seeks nominees for Small Biz Advisory Committee

Accounting Today

FASB Accounting Accounting standards

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.

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

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.

Practice Profile: Continuing the education

Accounting Today

Accounting firm services Practice management

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?

How to Measure Business Performance in 3 Steps

IgniteSpot

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. Some of your business goals might include: BOOKKEEPING BASICS FEATURED

Making A Bigger Impact with Automation

Speaker: Nadia Asoyan, VP of Finance at Trusted Health, and Amer Ali, VP of Finance at Netlify

Learn about the automation mindset behind some of the most efficient companies. Discover how to evaluate accounting software to ensure that your tech stack works for your company’s needs today, and that it will scale into the future. Download today!

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.

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

Five tips to reduce employee turnover

Accounting Today

Practice management Employee retention Employee turnover

What’s the Big Deal About Financial Statement Fraud

FraudFiles

The manipulation of a company’s financial statements does not occur as often as asset misappropriation schemes like payroll fraud, check kiting, or inventory theft. And the losses from financial statement fraud aren’t readily apparent to most people. When money is stolen directly (asset misappropriation), it’s easy to see what the harm is to the company. Financial statement fraud schemes are much more costly than other types of fraud.

What I Wish I Knew: How To Build a Data-Driven Company

Speaker: Rachel Bradley-Haas and Aneal Vallurupalli

All companies need data to drive their growth and make good decisions, but timely access to relevant, clean data requires more than data feeds. It takes a shift in thinking and a change to the way all operating units approach their jobs. Download the video to find out more from Co-founder of Big Time Data, data engineer Rachel Bradley Haas.

A New Commerce Accounting Capability

Intuitive Accountant

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

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.

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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

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!)

Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!