TaxConnex

APRIL 26, 2022

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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ThomsonReuters

APRIL 26, 2022

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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accounting software Technology Account accountant 98

Anders CPA

APRIL 26, 2022

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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income tax Real Estate Tax CPA 98

AccountingDepartment

APRIL 26, 2022

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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Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

RitaKeller

APRIL 26, 2022

“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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cpa firm CPA 59

VJM Global

APRIL 26, 2022

Held by Hon’ble Orissa High Court. In the matter of M/S. BRIGHT STAR PLASTIC INDUSTRIES VERSUS ADDITIONAL COMMISSIONER OF SALES TAX ( APPEAL ) AND OTHERS vide W.P.(C) No.15265 of 2021 dated 4th October 2021. The petitioner was registered under Odisha GST Act. GST registration of the petitioner was cancelled by the department on the ground that ITC was claimed against fake invoices issued by the non-existent supplier.

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Inform Accounting

APRIL 26, 2022

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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tax planning Tax tax return Government 52

Withum

APRIL 26, 2022

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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Inform Accounting

APRIL 26, 2022

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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Tax income tax tax return payroll 52

LSLCPAs

APRIL 26, 2022

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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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

Canopy Accounting

APRIL 26, 2022

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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Mark Lee

APRIL 26, 2022

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.

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ThomsonReuters

APRIL 26, 2022

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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payroll Vermont Rhode Island Hawaii 95