Ryan Lazanis

OCTOBER 13, 2022

With the growing number of firms entering the virtual CFO and advisory space, there are two important things that you need to know to prevent being in a bottleneck position and improve your chances of scaling your firm. Listen Below. 0:32 – There are two reasons why many have trouble scaling their virtual CFO and advisory services. 0:54 – W e want to create a model that can scale, and which can operate systematically, in a fashion where no bottlenecks exist. 1:08 – The first bi

Start-ups 52

Start-ups Account accountant accounted 52

TaxConnex

OCTOBER 13, 2022

We’re fond of saying that nothing’s ever easy in sales tax. And here we’ll kick off our run toward Halloween with a look at one of the newest and trickiest areas of sales tax: electric vehicle chargers and charging. This new line of business raises a few sales tax questions, chiefly regarding the electricity flowing into the vehicles. Though states like Kentucky are considering or already have additional fees for owners of electric cars, most states are still fuzzy on whether the customer or the

South Carolina 130

South Carolina Sales Tax Colorado 130

ThomsonReuters

OCTOBER 13, 2022

QUESTION: We added a large number of full-time employees in 2021 and became an applicable large employer (ALE) in 2022. We are preparing to file Forms 1094-C and 1095-C with the IRS in early 2023. Do we have to file the forms electronically? ANSWER: The filing method—paper or electronic—depends on the size of the ALE. As background, the Affordable Care (ACA) enacted Code § 4980H, which imposes employer shared responsibility penalties on ALEs that fail to offer full-time employees adequate empl

Tax 98

Tax Account accountant accounted 98

Reckon

OCTOBER 13, 2022

Ok, so you’ve finally got your small business idea off the page and into the real world. You did it! Nice job. But now that you’re consumed with providing your goods, building a brand and turning over some cash, you might have forgotten the lurking reality in the background – bookkeeping! Bookkeeping may not be your forte, but don’t despair, with some basic knowledge, a bit of discipline, and some software tools, you can master the basics with ease.

bookkeeping 98

bookkeeping accounting software tax return accounts payable 98

Advertiser: Paycor

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ThomsonReuters

OCTOBER 13, 2022

Final Regulations: Affordability of Employer Coverage for Family Members of Employees, 26 CFR Part 1, 87 Fed. Reg. 61979 (Oct. 13, 2022); IRS Notice 2022-41 (Oct. 11, 2022). Regulations. Notice. The IRS has finalized regulations that change the eligibility standards for an Affordable Care Act (ACA) premium tax credit (PTC) by providing that, for taxable years beginning in 2023, affordability of employer-sponsored coverage for an employee’s family members is based on the employee’s cost to cover

Tax 98

Tax Hospitality Account accountant 98

Patriot Software

OCTOBER 13, 2022

The laws surrounding worker status have long been ambiguous. Deciding whether a worker is an employee or independent contractor has been largely left up to the employer’s discretion. Not anymore. Thanks to California’s 2018 court ruling, workers are now presumed to be employees. If you think that employers in California are the only ones affected […] READ MORE.

California 97

California payroll 97

Patriot Software

OCTOBER 13, 2022

A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. What is occupational privilege tax? Occupational privilege taxes (OPT) in Colorado […] READ MORE.

Colorado 90

Colorado Tax payroll 90

KROST

OCTOBER 13, 2022

Introduction to Rollover Equity When business owners are considering the sale of their business, they tend to make two assumptions that limit their options – sell to a strategic buyer and sell 100% of their company. Let’s look at the first assumption. It is true that many M&A deals involve the sale of one corporation Read the full article. The post The Merits of Partial Sale and Rollover Equity appeared first on KROST.

Sales 79

Sales 79

Patriot Software

OCTOBER 13, 2022

If you’re an employer in the state of New York, you may have heard of the Employer Compensation Expense Tax (ECET) that started in 2019. But, did you know that the ECET, established by the Employer Compensation Expense Program (ECEP), is optional? Although you aren’t required to pay the ECET, you may choose to do […] READ MORE.

Tax 89

Tax New York payroll 89

AccountingDepartment

OCTOBER 13, 2022

Many financial leaders dread the annual budgeting process, especially those who rely on multiple spreadsheets, manual reconciliation and data management, and outdated systems and resources.

Account 70

Account accountant accounted 70

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.

Patriot Software

OCTOBER 13, 2022

For many employees, generous benefits are more important than pay raises. There are many benefits options you can offer to attract and retain employees, including deferred compensation plans. Learn what a deferred comp plan is, which types you might offer, how they benefit both employees and you, how deferred compensation tax works, and how to […] READ MORE.

Tax 87

Tax payroll 87

Xero

OCTOBER 13, 2022

Building an inclusive, supportive workplace where everyone can do the best work of their lives sits at the centre of everything we do at Xero. Actually it’s the thing that attracted me to Xero, and was the driving factor in most of our employees applying to join the team. That’s why we are proud to be ranked so highly in two specific Best Workplaces lists – both in areas that are very close to our hearts. .

Technology 70

Technology Start-ups 70

Patriot Software

OCTOBER 13, 2022

For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions. Payroll questions and answers When you become an employer, you need […] READ MORE.

payroll 86

payroll 86

Accounting for Good

OCTOBER 13, 2022

The post Unpacking the AASB for Not For Profit first appeared on ACCOUNTING FOR GOOD.

Account 97

Account accountant accounted 97

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

Patriot Software

OCTOBER 13, 2022

Employees might be entitled to back pay based on several federal and state laws because of the Fair Labor Standards Act (FLSA). The FLSA is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might […] READ MORE.

payroll 82

payroll 82

Accounting for Good

OCTOBER 13, 2022

The post Technology in [NFP] accounting first appeared on ACCOUNTING FOR GOOD.

Technology 94

Technology Account accountant accounted 94

Patriot Software

OCTOBER 13, 2022

Do you have an employee who has two or more positions in your business with different pay rates? Does that employee work overtime? If the answers to these questions are yes, you need to know about weighted overtime. Weighted overtime is common in small businesses that pay multiple pay rates to an employee. Learn what […] READ MORE.

payroll 80

payroll 80

Withum

OCTOBER 13, 2022

NetSuite’s SuiteWorld 2022 was #FullSuiteAhead! Withum had the pleasure of connecting and re-connecting with thousands of customers, partners, developers and 3 rd party add-ons in Las Vegas for the first time since 2020. Here’s a quick look at key takeaways from this year featuring Oracle NetSuite ’s newest functions, including their AP automation, NetSuite CPQ (configure, price, quote) and Ship Central.

NetSuite 59

NetSuite AP Automation E-commerce Management Consulting 59

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Patriot Software

OCTOBER 13, 2022

Whether you’re submitting payroll or tax return forms, opening bank accounts, or establishing retirement plans, you need to identify your business. To run your business, you need a taxpayer identification number (TIN). Find out what a federal tax identification number is, types of tax ID numbers, and how to obtain them. What is taxpayer identification […] READ MORE.

tax return 78

tax return payroll Tax Account 78

Withum

OCTOBER 13, 2022

A few weeks ago, I attended a meeting on Zoom that I would have gone to in person pre-COVID. It was an 8:30 am meeting with a speaker I really wanted to hear. It was a program of the Accountants Club of America (ACA), where I am on the Board, and while I try to attend every program, this was a must-hear for me. For me to go to an in-person meeting, I would have had to leave my house at 6:00 a.m. to make sure I got there by 8:00 a.m. for breakfast and socializing with my friends and colleagues at

Start-ups 59

Start-ups Tax Account accountant 59

Patriot Software

OCTOBER 13, 2022

Deferring compensation is one strategy employees can use to reduce their tax liability. Qualified and nonqualified are the two types of deferred compensation plans. To keep your business legal, learn how qualified vs. nonqualified plans differ. Qualified vs. nonqualified plans Qualified and nonqualified deferred compensation plans are both employee benefits for small business.

Legal 74

Legal Tax payroll 74

Going Concern

OCTOBER 13, 2022

The Hindu Businessline is reporting that Moss Adams plans to hire a few hundred people in India over the next couple years because India “offers the best talent pool.” Talent shortage? Aggressive growth? Cheaper labor? Who can say. But Moss Adams’ COO Dave Follett gave all the details to Businessline. Read: American accounting and consultancy firm Moss Adams says that the Indian skill pool fits the company’s demand for complementary capabilities.

accounting firms 56

accounting firms Account accountant accounted 56

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.

Patriot Software

OCTOBER 13, 2022

You know employees like employer-sponsored benefits. As an employer, offering benefits is advantageous for your business, too. A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […] READ MORE.

payroll 73

payroll 73

Intuitive Accountant

OCTOBER 13, 2022

Murph is offering a first look at Sage Intacct’s new Manufacturing offering.

Manufacturing 89

Manufacturing 89

Snyder

OCTOBER 13, 2022

Introduction. As a business owner, you have an obligation to comply with all the rules and regulations that are put in place to protect consumers. You may have heard of ASC606, but what exactly is it? Is it something you need to be aware of? If so, how can you tell if your company’s subscription model falls under this standard? We’ll answer all these questions and more as we go over everything you need to know about ASC606.

Non-Profits 52

Non-Profits accounting standards tax preparation Account 52

ThomsonReuters

OCTOBER 13, 2022

IRS Notice 2022-53 (Oct. 7, 2022). Available at [link]. The IRS has issued limited relief relating to required minimum distributions (RMDs) from qualified plans (including 401(k) plans), IRAs, Roth IRAs, 403(b) plans, and 457(d) eligible deferred compensation plans. As background, the SECURE Act increased the age for determining an individual’s required beginning date to age 72 (from 70-1/2) and significantly altered the timing requirements for RMDs made to designated beneficiaries after a part

Tax 52

Tax Account accountant accounted 52

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Finance

Intuitive Accountant

OCTOBER 13, 2022

The platform automates your recurring invoicing workflow by simplifying the process, management and reporting on your monthly transactions.

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52

Accounting Today

OCTOBER 13, 2022

Tax 111

Tax 111

ThomsonReuters

OCTOBER 13, 2022

Texas v. EEOC, 2022 WL 4835346 (N.D. Tex. 2022). A federal trial court has vacated HHS and EEOC guidance regarding the prohibition of gender identity discrimination under Affordable Care Act Section 1557 and Title VII of the Civil Rights Act. The HHS guidance, issued in March 2022, explained that Section 1557 protects an individual’s right to access health programs and activities receiving federal financial assistance without facing discrimination on the basis of sex, which includes discriminati

Texas 52

Texas Tax Account accountant 52

Accounting Today

OCTOBER 13, 2022

tax planning 106

tax planning Tax 106

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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.

cpa firm