Mon.Oct 03, 2022

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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Some may wonder why we have to pay them and for what purpose.

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Accountants face a 'confused, unsettled world'

Accounting Today

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Latest product news — October 2022

Xero

We’ve released a number of new features over the past month, with a focus on helping you manage your compliance needs. This includes new earnings categories in Xero Payroll to support Single Touch Payroll (STP) Phase 2 in Australia, as well as the launch of document packs in the UK to help advisors easily collate documents and get them electronically signed by clients.

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Kim Kardashian to pay $1.26M to SEC for crypto touting

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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How Blackbook Winery is preparing for vintage years ahead

Xero

Until recently, the UK would have been unlikely to trouble a list of the most prestigious winemakers. Customers would turn to the lush green wine-making regions of France, or the sun-dappled vineyards of Italy, before landing upon Britain for their tipple of choice. . But after several years of boom, with sales increasing and accolades stacking up , UK wine makers are the coming force in the industry, with amazing wineries of all sizes springing up throughout the country.

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Opening Up the Payment Flow

Intuitive Accountant

Corpay Payables' Sven Hinrichsen explains how more efficient payments today mean more efficient supply chains tomorrow.

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How to Find the Best Selling Items on eBay in 2022: The Latest Top Selling Items on eBay

Snyder

eBay is one of the biggest online retail sites and home to millions of customers who are always looking for new and exciting products to buy. It’s safe to assume that any business owner who sets up an eBay store will be able to find plenty of potential customers who are willing to pay for their products. However, it won’t always be as simple as creating an account and uploading your stock – you’ll need to conduct some research beforehand, in order to make sure you’re selling something people wan

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Wealthy use loophole to reap tax breaks — and delay giving away money

Accounting Today

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Arkansas Inflation Relief Drops Top State Individual Income Tax Rate to 4.9%, Lowest in State History 

Patriot Software

Arkansas residents, this one’s for you. Governor Hutchinson recently signed legislation to immediately lower the state’s top individual tax rate and provide tax credits to low- and middle-income taxpayers. And as an employer, you need to know how these changes impact your payroll withholding. Read on about this recent Arkansas inflation relief. What is the […] READ MORE.

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Why Tax Planners Need a Written Tax Plan

CTP

What if there was a straightforward way to improve profitability and reduce liability for your tax practice? Creating a written tax plan can separate the professionals from the amateurs. Anyone can come up with an idea and call it a tax plan. The real question is whether that idea will hold up under scrutiny. Will your client actually implement the plan and realize the savings?

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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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The Productivity Solutions Grant (PSG): Future-proofing SMEs in their digital journey

Xero

This is a guest blog post attributed to Jin Lee, Digital Strategy Specialist at W.L.P Group. Singapore continues to lead the way globally in its aspirations to become a digital-first smart city, thanks to government initiatives that extend far and wide. One of the key pillars of this initiative to transform Singapore through technology focuses on helping local businesses use digital technologies to improve operations and build stronger capabilities to grow faster and more efficiently in the digi

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E-Commerce Features in QuickBooks Online

Intuitive Accountant

Liz Scott takes a peek into how QB Commerce within QBO and shows how it can be a benefit for today's ecommerce businesses.

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Art of Accounting: 3-step tax return review process

Accounting Today

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Guidelines for filing/revising TRAN-1/ TRAN-2| Filing window reopens from 01.10.2022

VJM Global

It has been a while since the GST was launched and its technical issues are not yet closed. One of the oldest and ligitaed issues was the filing of GST TRAN-1 and TRAN-2. These forms were the way of transferring ITC remaining in the pre-GST regime like under VAT or in the CENVAT Credit register to the GST regime. However, since this window was open for a very limited period of time and multiple technical glitches were persisting on the GST portal , many taxpayers could not file the GST TRAN-1 an

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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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Readers weigh in: 'Do we need accounting firms?'

Accounting Today

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Document Retention Policy for Your 401(k) Plan

Anders CPA

Is There a Checklist of Items Needed for a 401(k) Plan? As the Plan Sponsor of a 401(k) Plan one of your responsibilities is to ensure that all transactions for the Plan are completed accurately, timely and completely. Also, that transactions with risk involved are properly reviewed and approved/authorized. Since the Plan are regulated plans and must be able to show compliance in various areas, we strongly recommend that implement a Document Retention Plan that covers all important areas related

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Meet the Brand: PayrollBee Ltd

Accounting Insight

Looing to expand your payroll offering without expanding your internal team? We’d like to introduce you to Payroll Bee Ltd, a fully-managed outsourced payroll provider. Have a catch up with Managing Director, Evangeline Hassall, before meeting her and the team at Accountex Summit Manchester. What do you do? Offer Payroll to Business’ and Accountants.

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Ramp – 'Live' From Xerocon

Intuitive Accountant

Gary DeHart caught up with Ramp's Chris Early during the recent 'Xerocon 2022' event in New Orleans.

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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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Companies see Democrats' new tax on stock buybacks as cost of doing business

Accounting Today

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Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Going Concern

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in 2018.