Tue.Apr 26, 2022

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The Risks and Repercussions of Non-Compliance

TaxConnex

Not paying attention to your sales tax obligations is never wise. True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying. It’s also mostly up to you to determine your sales tax obligation, and the rules for complying change frequently.

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4 steps to evaluate and improve your firm’s accounting software

ThomsonReuters

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time. As technology changes the accounting world, it’s more important than ever to modernize operations and prioritize a technology roadmap for your firm’s future. 4 key steps to ev

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Rental Property Income Tax: Why Active or Material Participation Matters

Anders CPA

Owning rental real estate can be a great supplemental source of income in addition to a normal day job. What is most commonly misunderstood about this type of investment is how an individual can treat the income and or losses for tax purposes. Determining your level of involvement is key to the tax treatment of the income/losses that the real estate generates.

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ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

What’s at Stake. The aptly titled? 2021 United Nations Emissions Gap Report , “The Heat Is On – a world of climate promises not yet delivered,” warned that climate change was intensifying and despite climate pledges and mitigation measures, the world is on track for a 2.7°C temperature increase by 2099. To reach the goals of the Paris Agreement, the report states that within eight years, annual greenhouse gas emissions would need to be halved.

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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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Reducing Risk with Outsourced Accounting Services

AccountingDepartment

Nearly every business can benefit from outsourced accounting services, regardless of their size or niche. Outsource your accounting services and you’ll reap myriad benefits ranging from reduced overhead costs to enhanced reliability, the expertise of an entire team of accounting specialists and so much more. In particular, outsourcing your accounting services is beneficial in that it reduces risk.

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News – Rosenberg/Rampe

RitaKeller

“Alone we can do so little; together we can do so much.” – Helen Keller. I have known Marc Rosenberg for decades. He is a good friend and colleague. We enjoyed so many enlightening years together in The New Horizon Group. And, I have known Kristen Rampe for many years and have recommended her to many of my clients and contacts. It makes me happy that these two have joined forces to create a new force in the CPA firm consulting world.

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Top 50 Women In Accounting 2021

Nancy McClelland, LLC

[link]. So excited to share this year’s Top 50 Women In Accounting list from Ignition! It was one of the greatest honors of my career to be included on it last year — and I’m privileged to support this year’s awardees, who are driving change and creating opportunities for the next generation within the Accounting and Bookkeeping industry.

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VAT flat rate scheme – is it worthwhile?

Inform Accounting

The VAT is a simplified scheme that can save work. Instead of working out the VAT that you need to pay over to HMRC by deducting input VAT from output VAT, you pay a fixed percentage of your VAT-inclusive turnover. The percentage depends on the nature of your business. Who can join? To be eligible to join the VAT flat rate scheme you must be a VAT-registered business and expect your VAT taxable turnover to be £150,000 or less.

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How Gen Z Is Changing the Retail Market and Potential Pitfalls Businesses Need To Be Aware Of

Withum

As the first generation of Digital Natives enters the professional space, the importance of E-Commerce Platforms has reached a new level. Gen Z customers are more likely to purchase through social media platforms. What impact does this have on the consumer products industry? Some of the biggest social media platforms utilized by Gen Z include Instagram, TikTok, and Facebook.

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What is the most tax efficient salary in 2022/23?

Inform Accounting

The age-old question for many directors is whether they should take a salary, dividends, or both. So as we enter the new tax year, what is the most tax efficient way for a director to draw money 2022/23? Key tax changes for 2022/23. The employment allowance has increased to £5,000. National Insurance Contributions (NICs) and dividend tax rates are increasing by 1.25% to support the NHS, health and social care.

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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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Outsourced Accounting Services: What’s In It For YOU?

LSLCPAs

Some companies find that using outside accounting services helps streamline their accounting processes. That’s true, but there’s more. What should you expect from outsourced accounting services at the CFO and Controller level, and what are some examples of specific services? EXECUTIVE SUMMARY Companies using outsourced accounting services discover they: Don’t only have one person in-house.

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6 Steps to Happier Clients and a Lower Attrition Rate | Canopy

Canopy Accounting

You did it! You finally landed that much-anticipated client. The big one or the first one or just another one. So it’s time to get to work, right?

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How to overcome the distraction of D-grade clients

Mark Lee

You are not alone if you get frustrated by some of your clients. In fact, it’s very rare for me to hear from accountants who love ALL of their clients. If you do, this isn’t the blog post for you. It’s more for those who have one or more clients who are valued only for the fees they pay. Some such clients don’t even pay promptly and even those that do are paying less than you feel would be reasonable for the work you do and the grief they cause.