TaxConnex

MAY 5, 2022

You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. Misreading your nexus footprint. Besides the economic thresholds in each state, you should also be aware of creating a physical presence in various states.

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Sales South Dakota Tax Hawaii 169

RogerRossmeisl

MAY 5, 2022

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use includes vacation use by your relatives (even if you charge them market rate rent) and use by non-relatives if a market rate rent isn’t charged.

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Tax CPA 222

Withum

MAY 5, 2022

Rajesh Tripathi. Principal Washington, DC. Calvin Yung. Manager – Withum. Ambassador Atul Keshap. President – United States India Business Council. John Campanella. CFO – Guidepoint Global. Food: Brazilian Barbecue “Churrasco” and “Feijoada” Sightseeing: Balneário Camboriú located in the State of Santa Catarina.

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Washington 119

RogerRossmeisl

MAY 5, 2022

An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value. The professional conducts detailed interviews and asks for a variety of documents when gathering information to use to value the business — and some of this information may provide objective insight into how much the owners believe the business is worth.

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financial statements CPA 216

Advertiser: Paycor

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.

ThomsonReuters

MAY 5, 2022

Rev. Proc. 2022-24 (Apr. 29, 2022). Available at [link]. The IRS has released the 2023 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2023 annual HSA contribution limit is $3,850 for individuals with self-only HDHP coverage (up from $3,650 in 2022), and $7,750 for individuals with family HDHP coverage (up from $7,300 in 2

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Tax Account accountant accounted 105

RogerRossmeisl

MAY 5, 2022

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates. There have been discussions in Washington about raising the corporate federal income tax rate from its current flat 21%.

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income tax Washington CPA Tax 207

Intuitive Accountant

MAY 5, 2022

Too many things happening too fast? Internationally renowned ProAdvisor Esther Friedberg Karp explains why it happens—and offers some tips for how to manage the insanity.

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ThomsonReuters

MAY 5, 2022

Attracting and retaining top talent has been an industry-wide concern for many tax and accounting firms for years. Most recently, pandemic-driven changes to professional work environments prompted a record number of people — across all industries — to reevaluate their careers in what has been coined “ The Great Resignation.”. Few industries, if any, have been able to dodge The Great Resignation.

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Tax Account accountant accounted 96

AccountingDepartment

MAY 5, 2022

From one-man-teams to small and medium-sized businesses, accounting services are now a mandatory requirement of operations. But you probably don't need to hire an accountant or bookkeeper internally; you just need a trustworthy professional to work with.

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Account accountant accounted bookkeeping 94

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. How did your firm fare this year? That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. Firms not only need to be ready when the opportunity comes knocking, they must also understand the proactive steps they can take to drive greater growth and pro

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accounting firms Tax Real Estate Account 96

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.

Intuitive Accountant

MAY 5, 2022

Today is the last day to vote for Insightful Accountant's 2022 Top 100 ProAdvisor and ProAdvisor of the Year Awards. Voting closes tonight at 11:59:59 (PST).

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Account accountant accounted 98

Withum

MAY 5, 2022

The New Jersey Economic Development Authority (“NJEDA”) announced on May 3, that applications are now open through June 30, for the 2022 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) Program. The NOL program allows early-stage technology and life sciences businesses in New Jersey that are yet to be profitable to sell a percentage of their NJ net operating losses and R&D tax credits to an unrelated profitable corporation for cash.

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New Jersey income tax cpa firm CPA 72

Going Concern

MAY 5, 2022

Traditionally, the role of accounting professionals in estate planning has been tertiary at best, with clients consulting CPAs only on the tax implications of select decisions—or simply leaving them out of the process altogether. . As you’re certainly sick of hearing by now, however, today’s most successful CPAs are taking on more advisory functions, with one study projecting that accounting firms can increase their monthly client revenues by up to 50% if they offer strategic advisory services.

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cpas Tax accounting and finance income tax 56

Withum

MAY 5, 2022

Rajesh Tripathi. Principal Washington, DC. Calvin Yung. Manager – Withum. Ambassador Atul Keshap. President – United States India Business Council. John Campanella. CFO – Guidepoint Global. Explore Other Episodes. Withum’s International Services Group invites you to our 2022 Global Summit Keynote. Wednesday, June 8 10:00 – 11:00 AM.

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Washington 69

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

Technology

Anders CPA

MAY 5, 2022

Fraud may not be something your business worries about from day to day, but the pandemic has created unprecedented opportunities for fraud that business owners and executives need to be aware of and keep an eye out for. In the fifth episode of the But Who’s Counting? podcast, host David E. Hartley sits down with Anders Senior Manager + Forensic and Litigation, Clay M.

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cpas financial statements audit CPA 52

Withum

MAY 5, 2022

Rajesh Tripathi. Principal Washington, DC. Calvin Yung. Manager – Withum. Ambassador Atul Keshap. President – United States India Business Council. John Campanella. CFO – Guidepoint Global. Food: Masala dosa Chaat Dal makhani. Sightseeing: Varanasi Taj Mahal Holi Festival. Explore Other Episodes. Withum’s International Services Group invites you to our 2022 Global Summit Keynote.

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Washington 69

Going Concern

MAY 5, 2022

Alternate title: If You Are an Accounting Student, Expect to End Up In Audit When You Graduate. Ever since early 2020 we have been forced to learn how to go without, not always an easy task in our always-connected, on-demand, two-day-delivery world. I don’t know about you but if I have to wait longer than two days to get something delivered, I start having some kind of existential crisis, furiously refreshing the USPS delivery screen in anticipation of the item being dropped on the greasy

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auditor audit cpas CPA 52

Withum

MAY 5, 2022

Rajesh Tripathi. Principal Washington, DC. Calvin Yung. Manager – Withum. Ambassador Atul Keshap. President – United States India Business Council. John Campanella. CFO – Guidepoint Global. Food: Stamppot. Sightseeing: Anne Frank Museum and House Heineken Experience Van Gogh Museum Canal Ride at Nighttime Amsterdam Tulip Museum /Festival.

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Washington 64

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Technology

Canopy Accounting

MAY 5, 2022

The final countdown is on! Next week is the historic AccountingWEB Live Summit and Canopy is proud to be a sponsor of this event in San Diego, CA. Will you be there? It’s an event you don’t want to miss. The summit starts on May 9 and you can still register here. There will be a lot of opportunities to learn something new, including two events where two Canopy leaders will be sharing their expertise.

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Withum

MAY 5, 2022

As organizations make moves to modernize existing applications or processes, looking at Microsoft’s Power Apps low-code options and choosing the best fit can be a bit of a challenge, especially if you’re new to the Power Platform. Let’s take a look at model-driven app vs. canvas app vs. portal app and when you might want to choose a specific type based on your business needs.

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Technology Account accountant accounted 59

Patriot Software

MAY 5, 2022

Accounting deals with many different types of accounts. One account you may stumble across in your accounting journey for your business is a nominal account. But, what are nominal accounts? We’re here to help you understand just that. This article goes over: Nominal account definition Types of nominal accounts Nominal account examples Nominal account definition […] READ MORE.

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accounting definition Account accountant accounted 52

Reckon

MAY 5, 2022

In case you’ve been on safari or an extended sailing trip, you’ve probably heard that on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the benchmark interest rate to 0.35 percent—up from a record low of 0.1 percent. With the last interest rate rise being in 2007, this is news indeed. We’ve been hearing a lot in the last few days about the straining effects this rate rise will have on mortgage holders and household budgets.

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bookkeeping accounting and finance Tax Finance 52

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.

Accounting Insight

MAY 5, 2022

From June 2017, the Money Laundering Regulations 2017 (MLR 2017) requires all reporting entities to establish an audit function to audit their compliance with the regulations and assess the effectiveness of the firms’ systems and controls. Even though there are many firms that are AML compliant, companies still end up paying huge penalties to the authorities due to deficiencies in their compliance programme.

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audit Account accountant accounted 52

Intuitive Accountant

MAY 5, 2022

NetSuite is launching SuiteLife Campus, a talent development initiative for NetSuite channel partners that offers accelerated training programs to new graduates or career change candidates.

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NetSuite 52

Accounting Insight

MAY 5, 2022

It’s true that behind every successful business, you’ll find an equally exceptional accountant. But there’s also a lot to process for clients on a monthly basis. Payroll, in particular, is one of those areas. Payroll is very much a specialism in its own right. Compliance is tricky, as legislation changes are often complex to interpret and apply. In a world where clients expect high levels of efficiency from their external providers, automating recurring tasks, like payroll, doesn’t just make sen

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payroll accounting firms Technology Account 52

SchoolofBookkeeping

MAY 5, 2022

How to leverage partnerships to unlock the power of QuickBooks software. QuickBooks has an amazing product line. Between all the offerings it can accomplish so much for business owners. Even better, if you add on the right stack of apps and connections it becomes extremely powerful. There are thousands of additional applications, over a dozen financial options and several integrated products.

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quickbooks payroll 52

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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.

Finance

Accounting Insight

MAY 5, 2022

As you make the move into offering value-added advisory services, there are a number of obstacles that may appear. Clients may not see how an accountant could offer business advice, or they may be overwhelmed by all your offerings. So, what do you do? Here are three top tips for making a smooth transition into the advisory space. 1. Establish a good relationship.

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tax return Education Account accountant 52

ThomsonReuters

MAY 5, 2022

“Trust but verify” is a phrase that was introduced into US politics by then-president Ronald Reagan during the signing ceremony of a nuclear disarmament treaty with the former Soviet Union. It did seem to capture the tricky balance required where both sides begin to reduce the number of their own nuclear warheads while also reassuring each other that the other side was complying as well.

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Account accountant accounted auditor 52

FraudFiles

MAY 5, 2022

In many divorces, women are at a significant disadvantage, especially when it comes to money. In many marriages, the husband has been the main breadwinner. He often controls the purse strings, and often knows much more about where money has been spent and what assets are owned. In contrast, the wife has often had lower earnings, and has had little to no control over the money.

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Real Estate Maine Account accountant 52

Intuitive Accountant

MAY 5, 2022

The financial veteran's combination of financial operational abilities and strategic mindset will help continue fuel the bill payment and credit solutions provider's growth.

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Advertisement

"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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