April, 2022

What’s new 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. Give us a break. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes.

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What to Know if Your Business Barters

RogerRossmeisl

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has made it easier to engage with other businesses.

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Top Ten: Why email makes accountants’ lives difficult

Lockstep

Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time.

When Should My Startup Raise Series A Funding?

BurklandAssociates

Your startup should raise Series A funding once you’re beyond the MVP stage, have a proven product-market fit, and are ready to accelerate growth. The post When Should My Startup Raise Series A Funding? appeared first on Burkland. CFO Insights Financial Modeling Fundraising SaaS

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The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

In this webinar Spencer Falbo, Principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes thereby making your job as an accountant more efficient.

Free Small Business Expense Tracking Spreadsheet

xendoo

Small business expense tracking can be a tedious task. But, it’s one that all companies–from “mom and pop” shops to international enterprises–must do. Fortunately, business expense tracking apps make the job easier.

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Deadlines galore: One of the biggest challenges of sales tax

TaxConnex

Federal Income Tax Day, April 18 th , looms large in everybody’s mind right now. Too bad sales tax doesn’t come with a deadline that simple. State sales tax filing obligations come in a dizzying number of deadlines for you to follow (potentially with bad consequences if you don’t).

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When Inheriting Money, Be Aware of “Income in Respect of a Decedent” Issues

RogerRossmeisl

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or other retirement plans. Fortunately, there may be ways to minimize or even eliminate the IRD tax bite.

Lockstep: A Culture for Success

Lockstep

Over the last two years, Lockstep has seen fantastic growth , both in the number of customers we serve, as well as in the team that brings our mission to life. Award-winning Lockstep® connects the world’s accounting teams to help them work better together.

Six Key Things Crypto Startups Should Know About Finance

BurklandAssociates

The last two years have seen explosive growth in the number and size of crypto startups. The startup ecosystem experiences the normal ebbs and flows of mood and macroeconomics over Read More. The post Six Key Things Crypto Startups Should Know About Finance appeared first on Burkland.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Rental Property Income Tax: Why Active or Material Participation Matters

Anders CPA

Owning rental real estate can be a great supplemental source of income in addition to a normal day job. What is most commonly misunderstood about this type of investment is how an individual can treat the income and or losses for tax purposes.

Gaining Control of Your Accounting Business

PANALITIX

RESOURCES / ARTICLES. Gaining Control of Your Accounting Business. One of our new clients is an Accounting Business located in South Carolina. The owner (let’s call her “Pam”) started the business 15 years ago and revenues have grown to $1 million per annum.

Crypto, NFTs and sales tax: What we know so far

TaxConnex

Sales tax has a universe of changing conditions. Now we can add more: cryptocurrency (such as bitcoin) and what seems to be its cousin, non-fungible tokens (NFTs). Already the IRS is turning a bright light on these assets as more transactions take place in a virtual world.

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2022 Q2 Tax Calendar: Key Deadlines for Businesses

RogerRossmeisl

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

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Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health.

Sales & Operations Planning (S&OP) Process for Startups

BurklandAssociates

This article is the second installment of a two-part series on supply chain challenges and Sales & Operations Planning (S&OP) for startups. In last week’s article we examined cash management Read More.

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The Best Tips for Inventory Management for Small Business

Snyderr

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that.

4 Reasons Why the Profession Is Struggling to Convince Students to Become CPAs, #4 Will Not Shock You

Going Concern

I buried the link I’m about to share with you all in Footnotes last Friday ; however, since its author intended for it to spur a conversation about the profession’s pipeline problem, I thought it best to highlight it in its own post should any of you feel like discussing it.

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How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

The new breed of audit

TaxConnex

In years past, auditors could show up at your door asking to look at your records. Now that’s much less common. Usually, you learn about an audit through a notice or letter from the state or jurisdiction in question with instructions on how the audit will proceed.

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Preventing and Detecting Fraud in the C-Suite

RogerRossmeisl

Executives often receive lucrative compensation packages. But for some, it isn’t enough and they engage in illegal activities to line their own pockets. The Association of Certified Fraud Examiners (ACFE) has found that owners and executives commit 20% of occupational fraud.

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Avalara CRUSH Global 2022: The Future of Global Tax Compliance

CPA Practice

The Avalara CRUSH 2022 virtual conference will be held May 17–18, 2022, and is the sixth annual tax and technology event. For more information or to reserve your spot for Avalara CRUSH Global, visit AvalaraCRUSH.com. Events

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Cash Management & Supply Chain Challenges of Startups

BurklandAssociates

This article is the first installment of a two-part series on cash management and supply chain challenges of startups. Check back next week for the second installment, where we’ll explore Read More. The post Cash Management & Supply Chain Challenges of Startups appeared first on Burkland.

Airbase Presents: Off the Ledger LIVE! — Small Teams. Big Impact.

Speaker: Panel Speakers

Airbase invites you to virtually join our inaugural one-day conference inspired by, and in support of, Off the Ledger — a Slack community of over 3,300 finance and accounting professionals. Learn how your finance teams, big or small, can have the greatest impact.

20 Best Financial Dashboards for Making Business Decisions

Accounting Seed

Now more than ever, businesses face a sea of data points that can make drawing insights time consuming at best and nearly impossible at worst. Financial dashboards are critical for assessing performance and making educated decisions, closing more sales, and reducing customer acquisition costs.

The Fortune 100 Best Companies to Work For: KPMG #41 (2022)

Going Concern

Following one spot behind RSM US in the 2022 Fortune BCTWF is KPMG, the second Big 4 firm in the ranking behind Deloitte at No. It’s not too often that KPMG finishes ahead of PwC in anything, so the House of Klynveld should celebrate this accomplishment while it can.

The Risks and Repercussions of Non-Compliance

TaxConnex

Not paying attention to your sales tax obligations is never wise. True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying.

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Lost Your Job? Here are the Tax Aspects of an Employee Termination

RogerRossmeisl

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and professional circumstances.

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Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!

Founders – Bookkeeping vs. Accounting: What’s the Difference?

Shay CPA

When it comes to differentiating bookkeepers from accountants, a lot of startup founders primarily focus on when to hire them. For example, you might hire a bookkeeper on an ongoing basis, but only work with an accountant during tax filing season.

Missouri Show-Me Green Sales Tax Holiday

Anders CPA

The biggest weekend for purchasing appliances in Missouri is here! If you’re looking to buy a new appliance, take advantage of savings between April 19 and April 25. This is the week that Missouri is holding their Show-Me Green Sales Tax Holiday.

Project Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

Just because your business turns a profit doesn’t mean everything it does is profitable. With project accounting, you can identify when a given project isn’t pulling its weight. For instance, the project isn’t generating revenue or it’s running over budget.