Thu.Dec 29, 2022

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What happened in sales tax in 2022

TaxConnex

New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. The year opened right after the second annual TaxConnex survey. Almost three out of four respondents reported that online sales as a percentage of revenue had increased since 2019 – no doubt fueled by pandemic eCommerce.

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Deloitte’s Latest PCAOB Inspection Report Is Its Worst Since 2017

Going Concern

Uh-oh, this can t’t make Joe U., Lara Abrash, and other Deloitte audit folks happy (bold part added by us for emphasis): In the 2021 inspection of Deloitte & Touche LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies. We selected for review 54 audits of issuers with fiscal years generally ending in 2020.

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IRS Announces Delay for Implementation of $600 Reporting Threshold for Third-Party Payment Platforms – Form 1099 K

Dent Moses

On December 23, 2022, the Internal Revenue Service announced the delay in the implementation of the new $600 reporting threshold for third-party network’s Forms 1099-K. As a result of this delay, third-party networks will not be required to report 2022 tax year transactions on a Form 1099-K to the IRS or the payee for the new $600 threshold amount.

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Making The Most of Client Accounting Services

AccountingDepartment

Business owners and CEOs often wear a lot of hats in their organizations. Accounting and bookkeeping may not be one of their specialties, putting them at risk for lost payments, missed revenue, and preventing the company from growing as it should. Client accounting services (CAS) can help a business owner automate many financial tasks and maximize efficiency and profitability.

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How to Build the Ideal HR Team

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.

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The Easiest Way to Implement a New Practice Management Software | Canopy

Canopy Accounting

Hey, I get it. You’re not reading this article for fun. You’re reading because you’re worried about implementing a new practice management software for your accounting firm.

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Apparently Custom Deloitte Stan Smith Adidas Sneakers Are a Thing

Going Concern

As seen on LinkedIn and Instagram: Deloitte and ServiceNow have a partnership/alliance so that ’s why both brands are on the shoes. Anyone got a pair? Related article: Would You Rock These KPMG Kicks? The post Apparently Custom Deloitte Stan Smith Adidas Sneakers Are a Thing appeared first on Going Concern.

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Year-End Reminders For Chicago Small Business Owners

Nancy McClelland, LLC

Chicago businesses should take a moment to review upcoming changes before year-end. The Chicago Department of Business Affairs & Consumer Protection (BACP) was designed to “license businesses and public vehicles, provide business education and access to resources, enforce the Municipal Code, and protect consumers from fraud,” which means that sometimes they have to create and enforce ordinances and regulations that are a bit arduous or challenging for small businesses.

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Federal Spending Impact on Skagit County Businesses

SkagitCountyTaxServices

I don’t know about you, but after the holidays (and I hope yours were filled with good things and happy times with loved ones), I’m always a bit tapped out on the spending. But in true governmental fashion, Uncle Sam is piling it on. Seems like Congress missed the post-holiday “no spending” cue. One little holiday tidbit that you might have missed: The IRS is delaying the implementation of the 1099 requirement for Paypal, Cashapp, Venmo, et al.

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Estimate vs. Invoice: What’s the Difference?

Patriot Software

Do you make estimates or invoices for your business? The two terms aren’t interchangeable. In fact, you may need to make both an estimate and invoice for a project. So, what’s the difference between estimate vs. invoice? Estimate vs. invoice Both estimates and invoices are documents businesses give customers that outline product or service costs. […] READ MORE.

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New mileage rates from IRS

Accounting Today

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Planning Your Restaurant's Path to Profitability

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.

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Happy New Year 2023

Intuitive Accountant

From all of us at Insightful Accountant

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Tax season preview: Hoping to get back to normal

Accounting Today

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Acterys 22.2: Prepared for Hyper Change

Acterys

We are thrilled to announce the latest release of our platform: Acterys v22.2! In the past six months, tremendous efforts went into the improvement of all Acterys components. With the Acterys Modeller, we embarked on moving to a completely new development platform with the benefits of unparalleled speed and usability that result in faster “time to value” and streamlined operations.

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The 2022 Top 100 People: Making a change

Accounting Today

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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How CFOs Can Prepare for Financial Digital Transformation

MineralTree

The world continues to digitize at an accelerating pace, pressuring finance departments to follow suit. This presents both challenges and opportunities for Chief Financial Officers (CFOs), who must navigate the complexities of financial digital transformation in order to lead their organizations toward success. In this blog, we explore the key issues and trends that CFOs must tackle, and offer practical advice on how to prepare for these challenges in order to capitalize on the opportunities of

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Tax Strategy: New clean energy prevailing wage and apprenticeship requirements

Accounting Today

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Tax Fraud Blotter: Standing corrected

Accounting Today

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IRS to issue regs on clean vehicles

Accounting Today

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Treasury signals opening for foreign carmakers on EV subsidy

Accounting Today

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Pathways to Growth: Private equity is knocking

Accounting Today

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2022 Top 100 People extra: Improving the profession

Accounting Today

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