CTP

AUGUST 18, 2022

For tax professionals in particular, one pro tip has the potential to alleviate stress and accelerate your business growth: that is to start a joint venture. A joint venture allows you as a tax planner to focus on your strengths by coming together with a business partner who is strong in areas where you may be weaker. This symbiotic relationship can ramp up both of your businesses and reduce the frustrations that can come with trying to “do it all.”.

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tax planning tax tax return Education 98

TaxConnex

AUGUST 18, 2022

A lot of times regarding sales tax, the answer to any question is, “It depends.” This is another of those times. And then some. Covid created unique conditions for companies that must collect and remit sales tax, including many temporary breaks regarding worker locations. At the same time, the pandemic turned remote work from an occasional perk to a standard way of operating a company.

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Sales tax New Hampshire income tax 189

Withum

AUGUST 18, 2022

Some meetings go on and on and on, and some are held with strong control by the presiding person. Here are some tips to speed meetings along effectively and efficiently by not letting them get hijacked. . First off, this applies equally to in-person and virtual meetings. Running them should be done in a similar manner. Effective and Efficient Meeting Tips.

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Start-ups tax 111

ThomsonReuters

AUGUST 18, 2022

The IRS may need to revise certain employment tax reporting forms, and the forms used to claim the qualified small business payroll tax credit for increasing research activities, after President Biden signed the Inflation Reduction Act ( H.R. 5376 ) into law, which includes a provision increasing the research credit next year. Background. . The Code Sec. 41 research and experimentation (R&E) tax credit first became a part of the Internal Revenue Code in 1981.

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payroll tax payroll tax return income tax 105

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

AUGUST 18, 2022

The new national Sage-sponsored study examines the upskilling and reskilling of corporate finance and accounting (F&A) departments.

accounting and finance 112

accounting and finance Finance Account accountant 112

Reckon

AUGUST 18, 2022

Small businesses across the country are experiencing a sharp uptick in sophisticated cybercrime. While cybercrime has always posed a threat to Australian businesses and their data, in recent years these threats have accelerated in magnitude. However, if you couple education with more secure solutions such as cloud software and storage, eInvoicing over regular invoicing, and multifactor authentication, there’s a lot you can do to mitigate the risks.

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Education Start-ups online accounting Account 94

Xero

AUGUST 18, 2022

We can’t wait to catch up with our amazing community in person at Xerocon New Orleans on 24 and 25 August and Xerocon Sydney on 7 and 8 September. Xerocon has been referred to as the ‘Coachella for accountants’ and is an event not to be missed if you’re looking to take your practice to the next level. . If you’re joining us, you can expect to reconnect and form new connections with the Xero team and fellow cloud accounting leaders and learn from inspirational world-class speakers on stage.

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Start-ups Account accountant accounted 91

Going Concern

AUGUST 18, 2022

That level being $3 billion —a first in the firm ’s 96-year, multinamed history. In its 2022 annual report , which was released earlier this week, RSM US noted that its revenue for the year ending April 30 was $3.3 billion ($3,310,265,000 according to INSIDE Public Accounting ), a 15% increase over its 2021 revenue of nearly $2.9 billion. It ’s also the last revenue announcement with Joe Adams sitting in the big chair.

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public accounting audit accounting firms Government 91

GrowthForceBlog

AUGUST 18, 2022

7 min read. When you transition from being an architect to running your own architectural firm, you must also transition from focusing solely on your passion to also focusing on the ins and outs of operating and managing a business.

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Account accountant accounted 84

Intuitive Accountant

AUGUST 18, 2022

In the final of her three-part series, Liz Scott shows us some of the things her firm has implemented at her firm to help streamline the process.

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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

Accounting Insight

AUGUST 18, 2022

Go1 , one of the world’s largest corporate education content hubs, today released its latest research that highlights a growing skills gap in the UK workforce. Read the full article here. With a greater economic uncertainty in the UK, companies across the board are looking at ways to tighten their belts, to the detriment of their employees and their future prospects.

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Education Government Account accountant 64

Intuitive Accountant

AUGUST 18, 2022

SuiteWorld has announced the keynote lineup for its Sept. 27-30 Las Vegas (Live) and on-air event. Here's what you can expect.

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Withum

AUGUST 18, 2022

Withum’s Advisory Teams focus on modernizing IT systems, streamlining business processes, and analyzing data across the enterprise. But Withum is also a top 25 Public Accounting firm in the United States and that got us thinking. We decided to compare notes and polled several of our tax, audit, and financial support teams to identify the latest trends they are seeing within their client base and see how that stacks up with our own experience with respect to the latest data trends in the financia

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Technology accounting and finance public accounting Finance 59

ThomsonReuters

AUGUST 18, 2022

Inflation Reduction Act of 2022, H.R. 5376 (2022). Available at [link]. Congress has passed, and the President has signed, the Inflation Reduction Act of 2022. While the legislation largely focuses on climate change mitigation and deficit reduction, several provisions are of interest to group health plan sponsors and their advisors. Here are highlights: Enhanced Premium Tax Credit.

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Manufacturing tax Start-ups Account 59

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

Technology

Going Concern

AUGUST 18, 2022

Remember how the military tried to recruit Call of Duty players to be drone pilots? Maybe the IRS can take a page from their book and convince young people there is first-person fun to be had bum-rushing naughty taxpayers’ homes. This isn’t actually from a recruiting brochure , you guys. The post The New IRS Recruiting Brochure is WILD appeared first on Going Concern.

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LSLCPAs

AUGUST 18, 2022

Passed on August 16, 2022, the Inflation Reduction Act of 2022 replaces President Biden’s proposed Build Back Better Act of 2021. Government revenue will be raised by greatly increasing the IRS budget and by imposing a 15% minimum tax to corporations with income in excess of $1 billion for the 3 prior tax years. We. The post Inflation Reduction Act of 2022: How It Impacts Businesses and Individuals appeared first on LSL CPAs.

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cpas tax Government 52

Going Concern

AUGUST 18, 2022

DEI and Early Talent Recruitment platform provider Yello has released its sixth annual Top 100 Internship Programs List to highlight “companies across all industries who have gone above and beyond for their interns.” This year’s winner is Boeing with the remaining 99 on the list unranked. Companies nominate themselves for consideration and the anonymized judging centers around criteria like diversity, equity & inclusion, compensation & perks, career development, full-ti

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Accounting Insight

AUGUST 18, 2022

Choosing the right accounting software – is it the choice of the accountant or the business owner? On a weekly basis we speak with hundreds of UK-based accountants and bookkeepers. During our conversations we uncover many insights as to the wins and woes practice-owners face. One of which is “Who’s responsibility is it to choose…. Choosing the right accounting software – is it the choice of the accountant or the business owner?

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accounting software bookkeeping Account accountant 52

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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

AUGUST 18, 2022

Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give. So, what is […] READ MORE.

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Account accountant accounted 52

Canopy Accounting

AUGUST 18, 2022

We all know that paying for higher education is a huge drain on any family’s resources. Happily, the tax code provides a wide variety of ways to help families pay for that higher education, including the American Opportunity Tax Credit, the Lifetime Learning Credit, §529b plans, IRAs, savings bond programs and Coverdell ESAs.

Education 52

Education tax 52

Patriot Software

AUGUST 18, 2022

You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […] READ MORE.

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Account accountant accounted 52

Menzies

AUGUST 18, 2022

Menzies LLP - A leading chartered accountancy firm. A Supreme Court Ruling (Harper Trust v Brazel) has clarified how holidays must be calculated for part-time workers on irregular hours where there are gaps between their periods of work. If you are using the previously recommended 12.07% calculation, you should review your approach. What has changed for part-time holiday pay?

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chartered accountant accounting firms Account accountant 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.

ThomsonReuters

AUGUST 18, 2022

Duncan v. Unum Life Ins. Co. of Am., 2022 WL 2812659 (M.D. Tenn. 2022). Available at [link]. An individual sued an insurer in state court after it denied portions of his claim for long-term disability (LTD) benefits. Seeking the protection of ERISA preemption, the insurer successfully removed the case to federal court. In connection with the individual’s request for a jury trial, the federal court needed to determine whether the LTD policy was subject to ERISA.

tax 52

tax Account accountant accounted 52

Ryan Lazanis

AUGUST 18, 2022

Every firm owner knows the importance of having a great assistant, but there’s one key person that could streamline and implement processes so you can avoid being overworked—a Director of Operations. Listen Below. 0:46 – Most firm owners I know end up becoming the bottleneck of their business and spread way too thin. 1:04 – At least half of the firm owners I know have streamlining and implementing processes as one of their main priorities. 1:50 – Very early in my accounti

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Maine accounting firms Start-ups Account 52

ThomsonReuters

AUGUST 18, 2022

QUESTION: Our company sponsors a group health plan, which is grandfathered for purposes of the ACA. We’ve been reading about extended transition relief for grandmothered health plans. How are these plans different from grandfathered health plans? ANSWER: “Grandfathered plans” are group health plans (or health insurance coverage) that were in existence on March 23, 2010, and have not undergone certain prohibited design changes since then.

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tax Account accountant accounted 52

Snyder

AUGUST 18, 2022

GetApp , an established software review, and recommendation engine, featured Synder in its “ 10 Highest Rated Tools for Entrepreneurs ” report. With an overall rating of 4.8, Synder was mentioned as one of the Highest Rated Tools for Entrepreneurs with an overall positive rating of 97%. Not only this, Synder is a winner of not 1 but 3 GetApp Category Leaders reports in the first half of this year!

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E-commerce quickbooks Account accountant 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

AUGUST 18, 2022

Experts will tell you; no single client should account for more than 8-10% of your total revenue. If that is the case, it can leave your business vulnerable. A diverse client base means your revenue comes from several clients or customers—not just two or three—and preferably from multiple sources other than your primary service. Depending too much on big accounts is risky business, reason being, if those clients decide to opt for another provider, or if their business goes under, then you stand

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Account accountant accounted 52

Accounting Web

AUGUST 18, 2022

Growth Why Accountants Should Focus on Accountability.

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Account accountant accounted 88

Accounting Today

AUGUST 18, 2022

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tax payroll tax payroll 120

AccountingDepartment

AUGUST 18, 2022

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Account accountant accounted accounting careers 75

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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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