Tue.Oct 18, 2022

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Going the Freemium Pricing Route: What You Need to Know

Patriot Software

When Goldilocks broke into the Three Bears’ home, she needed a bed that was just right—not too small and not too large. Likewise, when you break into the market, you need to set prices that are just right—not too low and not too high. Could freemium pricing be your “just right” strategy? So, what in […] READ MORE.

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Tricky items for sales tax (Part 2)

TaxConnex

Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothes. Clothing is taxable in most states and the District of Columbia. Some states (of course) have special sales tax rules for clothing. California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. South Carolina, Ohio and Virginia exempt some protective clothing.

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Your Practical Guide to a Cyber Incident Response Plan

Withum

A cyber Incident Response Plan (IRP) can help an organization prepare to reduce the overall impact of an incident. A potential cyber breach incident can be a ransomware attack , a malicious insider, an external attacker that gained access via a phishing campaign or internal human error, among many others. When dealing with incidents, we often say it is not if, but when an incident will occur.

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What Is a Point of Sale System, and How Can It Improve Your Day-to-day Operations?

Patriot Software

According to one source, over 60% of small businesses don’t have a point of sale system in place. Does your business fall into 60%+? If so, your small company could be missing out on a smoother system and in-depth sales reports. If you want to grow your business, efficiently track sales, and streamline your day-to-day […] READ MORE.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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When Is a Good Time To Start a Business?

Withum

Starting a business is a big step whenever it is done. A question is: when to do it? Is now a good time, or should you wait for the right time? People go into a business for many reasons, with some being started as a part-time activity, when you are laid off and cannot get another comparable job or when you are just ready to do it and need to quit your job.

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Need Reasons to Hire Veterans? Here Are a Dozen!

Patriot Software

Veterans, who have worked to protect the U.S., can be skilled, responsible employees who bring multiple advantages to your small business. Reasons to hire veterans There are plenty of reasons to hire veterans. Here are some of the unique experiences and strengths a veteran can bring to your business. Veterans are team players. Military training […] READ MORE.

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More Trending

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What Are Allocated Tips?

Patriot Software

In the foodservice industry, tips are an important part of employee compensation. Tips are added to employee wages so they can earn at least minimum wage. But, what happens when a tipped employee earns few tips? What are allocated tips? Allocated tips are amounts given to tipped employees in addition to the tips they report. […] READ MORE.

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The Dallas Cowboys Are Getting Some Extra Accountants With This CohnReznick Merger

Going Concern

CohnReznick announced a merger with Dallas firm BKM Sowan Horan and the Dallas Morning News took the opportunity to trumpet the happy nuptials of the official accounting firm of the Dallas Cowboys. Dallas Morning News : CohnReznick, the 15th largest accounting firm in the U.S. and the official accounting firm of the Dallas Cowboys, says it has “huge growth plans” for Dallas after combining with a local firm founded in 2010.

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How to Fire an Employee the Legal Way

Patriot Software

Firing an employee is a tough decision for any business owner. Make sure to do it the legal way. No one likes to fire an employee. You may be concerned about hurting the feelings of a likable, yet unproductive, worker. You may know how financially devastating it will be for a hard worker that you […] READ MORE.

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Cloud-Based Accounting Services Are Just What You Need

AccountingDepartment

Outsourced accounting services are rapidly gaining popularity among businesses. More than two-thirds of large businesses outsource roughly 40% of their accounting and IT processes. And, accounting services and IT services are the top two outsourced categories.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Paid vs. Unpaid Internships: What Are the Risks?

Patriot Software

Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law. The biggest offenders […] READ MORE.

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New Chancellor, Jeremy Hunt, reverses most of the mini budget

Wellers Accounting

Tom Biggs ACA CTA , explains what you need to know as most of Kwasi Kwarteng's and Liz Truss's mini budget is scrapped.

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How to Maintain Payroll Confidentiality

Patriot Software

Payroll includes a lot of confidential information. Your payroll records include both business and employee information. There are names, addresses, Social Security numbers, dates of birth, pay rates, benefits, deductions, and bank accounts. With so much sensitive information, it is important to maintain payroll confidentiality. Why payroll confidentiality is important There are several reasons why […] READ MORE.

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Top 100 ProAdvisors: Meet Veronica Wasek

Intuitive Accountant

Our continuing snapshot of this year's Top 100 ProAdvisors continues with the founder and CEO of VM Wasek.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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“Do You Have a Permit for That?” Business Licenses and Permits You Need to Stay Legal

Patriot Software

If you want to operate your small company legally, you likely need some business licenses and permits. There are federal, state, and local licenses and permits you might have to apply for. It all depends on your business. So, do you know which types of business licenses and permits you need to keep things legal? […] READ MORE.

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Xero Announces Price Changes for North America

Intuitive Accountant

Effective price increase dates depend on the type of plan US and Canadian users currently have.

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How to Find Interns for Your Small Business

Patriot Software

You have done your research and know how to structure a successful internship program. And per the U.S. Department of Labor rules, you’ve determined that you will need to pay any interns you bring on board. But, do you know how to find interns who want to work for you? What are you hoping to […] READ MORE.

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Family Glitch Gets 'Unglitched' by IRS

Intuitive Accountant

The Oct. 11 IRS final rule seeks to 'un-glitch' the Family Glitch in the Affordable Care Act.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. 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 vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Adding Workers With Disabilities to Your Payroll: Info for Employers

Patriot Software

In a 2021 survey by the Bureau of Labor Statistics, the unemployment rate for people with disabilities was 10.1 percent, with a slight decrease from the previous year. This is about twice as high as the current unemployment rate of people without disabilities. A large proportion of individuals with disabilities (82.5%) are not in the […] READ MORE.

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Five steps to choose the right apps for your business

Xero

Apps can benefit your business in many ways, including helping you gain valuable insights, and automating time-consuming tasks, so you have more time to spend on growing your business – or just doing more of the things you love. With over 1,000 apps that connect to Xero, the Xero App Store makes it easy to find, try and buy apps. If you’re not sure where to start, here are five easy steps to help you choose the right apps for you and your business. . 1.

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How to Handle Tax Withholding for Children on Payroll

Patriot Software

Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll. Before you withhold taxes When you […] READ MORE.

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Unpacking Your Clients' Tax Pain Points

Intuitive Accountant

Use this script to create a winning sales tax service strategy for your firm.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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How Does Automation Actually Work?

Snyder

For decades, bookkeepers and accountants have taken on the monotonous task of manual data entry. They’ve done so without complaining (or at least without complaining out loud). Before the existence of Quickbooks sales receipts, we pulled daily sales reports by hand; entered and reviewed sales, refunds, and fees ourselves; and recorded journal entries manually.

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Welcome to Your Go-to G&A Expenses Guide

Patriot Software

Part of being a business owner is dealing with all kinds of expenses. One of the expenses you incur and manage are general and administrative (G&A) expenses. Never heard of G&A expenses? Need a brief refresher? Here’s the rundown on what is G&A and how it works in your business. What are G&A expenses? So, […] READ MORE.

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The impact of the GDPR for accountants

Accounting Insight

Let’s consider how the GDPR will impact accountants, accountancy firms and bookkeepers. The UK’s departure from the European Union has not changed anything as the EU GDPR has been adopted into UK law. This has allowed the European Data Protection Board to class the UK as adequate which allows data to be transferred across EU borders, seamlessly. Where does the GDPR apply?

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GASB 87 Implementation Lessons Learned (plus, what to do if you haven’t started!)

LSLCPAs

Now that (most) agencies are full speed ahead on implementing GASB 87, there have been countless questions, unique situations, and plenty of confusion as we continue to move forward. With the number of calls and emails we get on a weekly basis specific to leases, I have full confidence that we will all be lease. The post GASB 87 Implementation Lessons Learned (plus, what to do if you haven’t started!

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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CalCPA BUZZ: Want to Serve on a State Commitee?

CalCPA

Share your expertise, passion and leadership by applying to serve on one of CalCPA’s state committees. At-large committee members with expiring terms must. The post CalCPA BUZZ: Want to Serve on a State Commitee? appeared first on Hot Topics.

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On-Demand Webinar: Ford Motor Company EV Program-Which Investment is Right for You?

Withum

Ford Motor Company recently unveiled three options for Ford dealers to make as it pertains to electric vehicles (EVs): No action is required from the dealer but beginning January 1, 2024, they will not be allowed to sell EVs. A minimum $500,000 investment that provides limited benefits to the dealer and allows them to sell up to 25 EVs per year. A minimum $1,200,000 investment that allows for the unlimited sale of EVs.

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Five Tips to Avoiding the Tax Hazards of Renting to Relatives

CTP

If you have more than one home, renting one to a relative may appear at first glance to be a win/win. A son, daughter, cousin or old mother would take good care of the property, and you could help your relative by giving them a break on their rent. But you may not be aware that the tax consequences of renting to related parties are different from renting to others and may easily trigger a trap that reclassifies rental property into a personal residence.

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How Missouri’s Income Tax Reduction Will Unfold in 2023 and 2024

Anders CPA

New legislation signed on October 5, 2022, exempts taxpayers’ first $1,000 of income from taxation and will reduce the top rate of individual income tax. This law will be applicable to tax years beginning on or after January 1, 2023. According to Missouri Governor Mike Parson, the law will be the largest tax cut in Missouri’s history when it is fully phased in and is estimated to be a $760 million reduction.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.