Thu.Sep 22, 2022

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TAX PLANNING 101: Busting the Myth that Tax Planning is Only for the Rich! Part 1

CTP

By now, everyone has figured out that America’s wealthy and elite are not always avoiding taxes through illegal means. There are thousands of court-tested, law-abiding strategies that help the 1% avoid paying billions of dollars in taxes year after year, like the ProPublica article “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.

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How Does FP&A Help Startups Scale?

BurklandAssociates

FP&A helps startups scale by leveraging the company’s data for decision making, including data that may be hidden beneath the surface. The post How Does FP&A Help Startups Scale? appeared first on Burkland.

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IRS says improperly forgiven PPP loans are taxable

Accounting Today

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What was new in August for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Virtual reality. Sales tax on digital products was the subject of a white paper draft at the Multistate Tax Commission’s annual meetings in Anchorage, Alaska. The purpose of the project: help states develop a simpler and more adaptable approach to taxation of digital products.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Colorado now accepts crypto for taxes

Accounting Today

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PPP Loan Forgiveness May Not Always Be Tax-Free

Withum

The IRS recently issued a chief counsel advice memorandum (CCA 202237010 (Aug. 19, 2022)) addressing the proper treatment of improperly forgiven PPP loans. The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness.

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More Trending

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Noise and Working More Effectively

Withum

There are too many distractions that divert our energies from what is really important to us. We have limited time, and we all have too much to do and too much that we want to do. Yet, we move from one distraction to another without any thought. I refer to all background distractions as “Noise.” The distractions take many forms. Interruptions by others, a text, an email, a phone call or even a “breaking news” alert on our smartphones.

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IRS management blamed for tax return backlog

Accounting Today

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QuickBooks Desktop 2023 Webinar Replay

Intuitive Accountant

Did you miss the September edition of QB Talks where Laura Madeira took a deep dive into QuickBooks Desktop 2023? never fear. The recording can be found our our YouTube Channel.

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AI ethics a growing concern

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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EY Basks in the Glory of Third-Place Revenue (Maybe for the Last Time) in 2022

Going Concern

The post EY Basks in the Glory of Third-Place Revenue (Maybe for the Last Time) in 2022 appeared first on Going Concern.

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Navigating the complexities of global payroll

Accounting Today

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APPS Directory Spotlight — CollBox

Intuitive Accountant

Check out a solution built to help businesses get paid for their overdue receivables with three simple clicks.

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Revenue from repatriation tax on foreign earnings falls far short of expectations

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Uncovering the Disconnect Between Buyers and Suppliers on ePayments

Intuitive Accountant

MineralTree’s ‘7th Annual State of Accounts Payable (AP)’ report highlights the impact of modern payment processes on supply chains, providing a 360-degree view of the AP and B2B payments landscape.

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EY global revenue increases to $45.4B

Accounting Today

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US Small Businesses Nearly Doubled Revenue

Intuitive Accountant

According to Kabbage from American Express' latest 'Small Business Recovery Report,' firms are facilitating growth by modifying their business tactics and offering increased benefits and flexibility for workers.

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Perform internal corporate governance audits to better manage enterprise risks

Accounting Today

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Our Improved Print Function for Insightful Accountant Articles

Intuitive Accountant

Have you noticed that Insightful Accountant has an improved print function? It dramatically enhances your ability to save articles in print or PDF.

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Form 5500 Deadline Approaching for Calendar Year 401(k) Plans

Anders CPA

For those plans filing on a calendar year basis, the original deadline for filing the required Form 5500 is July 31 st. As we are well past this date, hopefully, your service provider obtained an extension for you that allows you to file before October 15 th (the extension deadline) without any penalty. You can review a set of common errors noted related to completing and filing this form by clicking on this IRS website link.

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These Twelve Questions Will Help You Figure Out If You’re Happy at Work

Going Concern

The post These Twelve Questions Will Help You Figure Out If You’re Happy at Work appeared first on Going Concern.

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AccountingDepartment.com Attends EO Alchemy 2022

AccountingDepartment

To kick off a month full of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Huntington Beach, CA.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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What’s the Difference Between a 401(k) vs. SIMPLE IRA?

Patriot Software

Are you planning to offer your employees a retirement plan for the first time? Or, are you considering switching from a SIMPLE IRA to 401(k)? Whatever the case, you might have questions about the difference between a 401(k) vs. SIMPLE IRA plan. After all, you want to choose the best plan for your business. Read […] READ MORE.

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AICPA receives a $120K grant for Maryland apprentices

Accounting Today

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The Pope (Yes, That Pope) Has a Message for Deloitte: People Over Profits

Going Concern

The post The Pope (Yes, That Pope) Has a Message for Deloitte: People Over Profits appeared first on Going Concern.

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Insights on R&D Capitalization

Withum

Explore Other Episodes. The post Insights on R&D Capitalization appeared first on Withum.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Seventh Circuit Decision Underscores DOL’s Broad Subpoena Power

ThomsonReuters

Walsh v. Alight Solutions LLC, 2022 WL 3334450 (7th Cir. 2022). Available at [link]. While investigating alleged cybersecurity breaches at a recordkeeping service provider for employer-sponsored health and retirement plans, the DOL issued a subpoena requesting a broad range of materials, including all “documents and communications relating to services offered to ERISA plan clients.

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Meet the Brand: Befree Global Ltd

Accounting Insight

We’re excited to introduce you to Befree Global Ltd, an experienced & reliable outsourced accounting partner across the United Kingdom, Australia, New Zealand and Canada. Learn a bit more about them before meeting the team on October 12 at Accountex Summit Manchester 2022! What do you do? “befree Global Ltd.” is a leading outsourcing form who have been driving greater efficiency and scalability in Accounting and Financial Planning firms for more than 15 years.

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Seventh Circuit Affirms Dismissal of Excessive Fee Claims Where Quality and Extent of Services Relating to Fees Were Ignored

ThomsonReuters

Albert v. Oshkosh Corp., 2022 WL 3714638 (7th Cir. 2022). Available at [link]. The Seventh Circuit has affirmed a trial court’s dismissal of a participant’s ERISA fiduciary claims against a 401(k) plan. The participant sued his former employer and other plan fiduciaries alleging, among other things, that they had breached their fiduciary duties by authorizing the plan to pay unreasonably high recordkeeping and administration fees, failing to ensure that each investment option was prudent, and u

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How to Dropship on Amazon or Everything You Need to Know About Successful Amazon Dropshipping

Snyder

If the thought of having your own online retail store has ever crossed your mind, you’ve certainly heard the word “dropshipping” over and over again like some magic spell. Isn’t it magic indeed to have no responsibility for procuring, storing and shipping goods? Sounds like it really is, but let’s look closer at what this fairy-tale magic looks like in real life.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.