Thu.Mar 18, 2021

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Wayfair: Sales Tax and State Income Tax Implications

TaxConnex

This article was written with contributions by Kaylyn Kleinhans of Sensiba San Fillipo. The U.S. Supreme Court decision in South Dakota v. Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. However, it may have had a grander impact than you realized. Could Wayfair have also impacted the way you manage your state income tax obligations?

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Enhancing the Value of a Business

Withum

“64 Ways to Increase and Enhance the Value of a Business” is the title of an article I posted two weeks ago. This was written for fellow business consultants and valuation advisors and is a pretty thorough checklist of how a business’ value can be increased, and sometimes by little changes.

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Individual Tax Deadline Extended

CapataCPA

Individual Tax Deadline Extended to May 17, 2021 The Internal Revenue Service (IRS) and Treasury Department announced today the 2020 tax year federal income tax filing due date for individuals has been automatically extended from April 15, 2021 to May 17, 2021. Just like last year, taxpayers do not need to file additional forms for the. The post Individual Tax Deadline Extended appeared first on CPA firm in Orange County, CA | CAPATA.

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Commonly Asked Section 139 Plan Questions

CTP

Is there a cap on how much an employer can provide to an employee as a qualified disaster payment? No, the statute states that as long as it meets the requirements, there is no cap on the exclusion amount. While it can feel like this is too good to be true, be careful not to […]. The post Commonly Asked Section 139 Plan Questions appeared first on certifiedtaxcoach.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Register for Upcoming Webinar with the CRA: American Rescue Plan Act of 2021

KROST

The $1.9 trillion American Rescue Plan Act of 2021 (“ARPA”) is the second-largest government economic stimulus package in US history, coming a little less than a year after the $2.2 trillion CARES Act passed in 2020. ARPA includes direct payments and child credits to individuals, families, and the unemployed and money for states and local governments.

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Your Business Audit Will Cost You, Unless.

GrowthForceBlog

5 min read. In a perfect world, when the time for an audit rolls around, you'd simply greet the auditor, show them your files, and wait for your perfect grade. However.

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IRS Extends Tax Filing Deadline for Individuals to May 17th

KROST

The Internal Revenue Service has postponed the April 15 tax payment and filing deadline for individuals to May 17, allowing more time to file your 2020 Federal Form 1040 income tax return. California conforms to the federal change and many other states to follow the IRS lead. The recent $1.9 trillion COVID-19 relief bill signed into law earlier this month will mean some filers will have to wait for the updated Form 1040, resubmit their returns, or consult their tax advisers for advice if they ha

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2020 Tax Deadline Extension: 4 Practical Tips

ThomsonReuters

Following the path paved by 2020, the IRS has extended the tax deadline from April 15 th to May 17 th , 2021. On Monday, I discussed the arguments supporting an extension being unlikely this year, but as of Wednesday, we’re operating on a new timeline. While we knew this wasn’t completely out of the realm of possibility, practitioners are now gearing up for another prolonged busy season, but the good news is there are ways to stay ahead.

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When You Need to Hire a Pro: Online Accounting Service for Small Business

xendoo

Your business is growing (congrats!), but entering invoices, expenses, and paying bills take up far too much valuable headspace—it’s headspace that you need to focus on your offerings and your clients. It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business.

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IRS Extends April 15th Filing and Payment Deadline for Individuals

Withum

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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 You Need to Hire a CPA

xendoo

Bookkeeper? Accountant? CPA? Which one does your business need, or does it need all three of them? Actually, it depends. Staying on top of your business’s finances is key for a small business owner, but you may need more than day-to-day bookkeeping. When you have more questions than a bookkeeper can answer, you’ll probably need to look into CPA services.

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Two Things

RitaKeller

“Insanity is doing the same thing over and over again and expecting different results.” – Attributed to Albert Einstein and many others. I have observed that many Certified Public Accountants have similar personality traits. Many accountants are conservative, traditional, reserved, kind, polite, cautious, curious, serious, and professional.

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SEC Division Of Examinations Releases 2021 Examination Priorities

Withum

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3 Ways To Create A Workflow Management Strategy For Tax Compliance

ThomsonReuters

Strategies for Compliance Automation with ONESOURCE. When you automate your tax processes , workflow management significantly improves. Automation can reduce processing times from days to seconds, saving time and money while ensuring that your data is accurate and processed correctly. And automated processes help eliminate human error and can scale to meet your needs.

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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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The American Rescue Act Brings Solutions to the Multiemployer Funding Crisis

Withum

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The Best Online Accounting Software for Small Businesses

xendoo

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. Yes, you could try to do it all yourself, but do you have the time or expertise? (Or the interest!?) . And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant.

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SVOG Update For Theatrical Productions – March 17, 2021

Withum

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Increase Tax Data Value with Thomson Reuters ONESOURCE

ThomsonReuters

How workflow engines increase the value of tax data. Do you have confidence in your data? A workflow engine can give you a methodology for owning and managing your tax data so that its value and validity increase as it travels across the tax lifecycle. The more your data is validated across the different systems in a tax workflow engine, the more confident you can be that it is valuable and accurate.

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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