TaxConnex
FEBRUARY 28, 2023
“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. This over simplification can get you sideways in various states as there are lots of exceptions to these general rules. Kentucky is the latest in terms of taxing specific services. The Bluegrass State looks to expand sales tax on what it calls high-growth services.
BurklandAssociates
FEBRUARY 28, 2023
EBITDA provides an accurate overall financial performance picture and helps investors understand their potential returns. The post EBITDA: A Metric Every Startup Founder Should Know appeared first on Burkland.
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CPA Practice
FEBRUARY 28, 2023
Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 24. The deadline already had been postponed to May 15 for these areas. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) in these three states.
Withum
FEBRUARY 28, 2023
I’m starting to get this question more and more from do-it-yourself types hoping to save money. If computers can beat a world chess champion, they argue, why can’t they perform as good as or better than my local tax advisor? We’ll explore this issue in more detail below, but the short answer is no, artificial intelligence is not at the point where it can analyze tax issues and reliably produce accurate responses.
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.
CPA Practice
FEBRUARY 28, 2023
Xero Limited has brought on former Google and Okta executive, Diya Jolly, as its new Chief Product Officer, effective April 10, 2023. Jolly comes to Xero from Okta where she was Chief Product Officer, responsible for leading product innovation for both its workforce and customer identity business. Prior to Okta, Jolly was Vice President of Product Management at Google, where she was focused on driving adoption for some of the company’s leading products including Google Home, Nest, YouTube moneti
Going Concern
FEBRUARY 28, 2023
There’s a contentious battle raging over the 150 unit requirement for CPA licensure as we speak and in the meantime we have to figure something out to ease the accountant shortage that has a bit more immediate impact (and doesn’t involve paying people more because clearly the firms are not down with that idea). Wherever you stand on the issue of potentially lowering the requirement back down to 120 units where it was in the olden days pre-1983 and the utility of the 150 hour rule as
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
FEBRUARY 28, 2023
You asked for this, so here it is. Esther and Murph will give you an in-depth look into the new QuickBooks Enterprise Intercompany Transaction feature like nobody has done before.
CPA Practice
FEBRUARY 28, 2023
By Erin Murphy, The Gazette, Cedar Rapids, Iowa (TNS) Hundreds of Iowans did not get their correct federal tax refund due to a clerical error by the state revenue department, the department confirmed Friday, and state money will be used to fix the mistake. A spokesman for the Iowa Department of Revenue said the department in January sent a file to the IRS that contained incorrect data for some Iowa taxpayers.
Insightful Accountant
FEBRUARY 28, 2023
In this final webinar recap, internationally renowned ProAdvisor Esther Friedberg Karp (with an assist from Murph) drills down into the payroll enhancement feature and how it can benefit you.
CPA Practice
FEBRUARY 28, 2023
The largest global companies continue to show momentum on corporate reporting and related assurance involving environmental, social and governance (ESG) issues, according to a report from the International Federation of Accountants (IFAC) and AICPA & CIMA, the latter two of which form the Association of International Certified Professional Accountants.
Advertiser: Paycor
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Lockstep
FEBRUARY 28, 2023
If you’re an accountant, then you know that QuickBooks Online a popular accounting and financial software. But what you might not know is that QuickBooks Online works even better when you use it with Lockstep Inbox. Here’s why: Lockstep Inbox is the only shared inbox designed for accounting. Seamlessly connected into QuickBooks Online and Outlook, Inbox creates efficiencies and improves accounting activity workflows.
Cherry Bekaert
FEBRUARY 28, 2023
Stay Connected With SFFAS 54, Leases, effective for fiscal years beginning on or after October 1, 2023, federal agencies should be considering their implementation process. Once agencies have identified key stakeholders and their complete lease populations, Cherry Bekaert’s third suggested step in the process is to develop policies and procedures and identify systems.
AccountingDepartment
FEBRUARY 28, 2023
Rare Disease Day is the globally-coordinated movement on rare diseases, working towards equity in social opportunity, healthcare, and access to diagnosis and therapies for people living with rare diseases.
CPA Practice
FEBRUARY 28, 2023
The COVID-19 pandemic dramatically affected business operations across industries. Nearly 63 percent of companies with employees received some kind of financial assistance in 2020, including payroll, rent, utilities, and other expenses. The pandemic was difficult for forecasts and budgets to account for, and many companies were forced to scramble just to stay afloat.
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.
MazumaBusinessAccounting
FEBRUARY 28, 2023
If you’re in a committed relationship you may have found yourself considering the idea of starting a business together. And why not? You love each other, you work well together, and if you have to work, why not work alongside your favorite person? Especially if you share a common interest! But, just like you would if you were starting a family or buying a house together, it’s a good idea to consider how starting a business could create challenges in your relationship; especially if you’re
CTP
FEBRUARY 28, 2023
As you look ahead to tax season, and beyond, here are seven inexpensive marketing tips to get the year started on the right foot. Secure fresh online reviews in Google and Yelp – Regardless of how many online reviews you already have for your accounting practice, it helps to replenish your online reputation with some fresh new reviews. As a rule of thumb, prospects do look at the dates of your reviews just like the rating and what’s said about your firm.
CPA Practice
FEBRUARY 28, 2023
The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce. The Startup Accelerator supports the growth of early-stage technology companies benefiting the accounting and finance ecosystem.
Withum
FEBRUARY 28, 2023
The majority of corporate transactions typically reflect at least two separate elements. One is the business arrangement agreed to by the parties involved, and the other is the tax planning designed to minimize taxes while allowing the business arrangement to be fulfilled. In order to strike the appropriate balance, the potential impact of the “economic substance doctrine” is essential.
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
CPA Practice
FEBRUARY 28, 2023
The Technology Lab , a podcast presented by CPA Practice Advisor , is helping the accounting community with credible subject matter experts’ advice on software selection. The industry experts and hosts of this podcast, Randy Johnston and Brian Tankersley, CPA.CITP, CGMA, featured Zoho Invoice and made a detailed review of it. The key highlights of this podcast has been captured in this Ebook.
Anders CPA
FEBRUARY 28, 2023
It’s that time of year when Plan Sponsors of 401(k) plans find out that their plan has reached the point that requires an audit. In general, when plans have more than 100 eligible participants as of the first day of the Plan year, they require an audit. There are some exceptions to that general rule but if your recordkeeper and/or third-party administrator (TPA) has informed you that your plan will need an audit, it is time to start looking for an auditor.
CPA Practice
FEBRUARY 28, 2023
The Financial Accounting Foundation (FAF) has launched its free, enhanced online access to the Accounting Standards Codification and the Governmental Accounting Research System (GARS), implementing a change announced last month. The codification is the complete and official version of Generally Accepted Accounting Standards (GAAP) published by the Financial Accounting Standards Board (FASB) and used by public companies, private companies, nonprofit organizations, and employee benefit plans in
CTP
FEBRUARY 28, 2023
Are you concerned about being stuck with large capital gain this year? What if there was a way to avoid it? How about for the next 10 years? If you’re facing beefy tax payments because of capital gains, this tax break may be worth exploring. The program is part of the Tax Cuts and Jobs Act. It’s called the Opportunity Zone Tax Incentive, and along with saving you money, it’s true purpose is to promote investors to push money into low-income areas to increase their value.
Advertiser: Paycor
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.
CPA Practice
FEBRUARY 28, 2023
Nearly one-half of nonprofits saw a decrease in net income in 2022 due to increases in personal compensation and operational costs, decreases in state appropriations and an end to the American Rescue Plan funding. These, and other findings, were found in the latest national nonprofit study by national accounting and advisory firm FORVIS. Coupled with a 68% surge in demand for programs and services, many nonprofits are feeling outweighed by their financial demands.
Insightful Accountant
FEBRUARY 28, 2023
See how the platform serves as a managed service provider for today's accountants, bookkeepers, tax preparers and others under that financial umbrella.
Cherry Bekaert
FEBRUARY 28, 2023
What is Business Process Maturity? Business process maturity is a strategy that seeks to improve the process capability and effectiveness of an organization. Why does process maturity matter? It directly impacts the bottom line: when we think about process maturity in a business context, we measure our growth or improvement by rising revenues or by rising incomes.
Insightful Accountant
FEBRUARY 28, 2023
A recent Caseware International report shows what today's accounting and audit firms are doing to attract and retain people.
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Mark Lee
FEBRUARY 28, 2023
My advice here re building and promoting your firm’s brand is controversial. And of course there will be some exceptions. But I would urge you to consider whether YOUR firm really is one of those exceptions. Think about ten top accountancy brands. Or at least the ones you can remember. How many of those do you think a typical client of YOUR firm would be able to name – or would even recognise?
Insightful Accountant
FEBRUARY 28, 2023
Check out the inventory order management and manufacturing app that integrates with QuickBooks Online.
CPA Practice
FEBRUARY 28, 2023
By Sean M. Duncan, CPA Congratulations! You’ve decided it’s time to dive in and give advisory services a go in your practice! You’ve done the hard work of deciding what services you are going to offer, who you want to target, and even have a plan on how to roll it all out. Whether you have done this through a formal training program such as my Chief Proactive Advisor Master Class or on your own, you are ready to rock!
ThomsonReuters
FEBRUARY 28, 2023
Working as an accountant is undoubtedly a rewarding experience, but it’s not without its challenges, especially during the height of tax season. Whether it’s the 24/7 workload or the demand for immediate answers, expectations during this time of year are particularly stressful and increasingly complex. Couple these pressures with a constant stream of tax law changes and legislative updates and you’ve got a recipe for burnout.
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"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.
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