August, 2022

Do we need accounting firms?

Accounting Today

Practice management Partnerships

3 Tax Breaks for Small Businesses

RogerRossmeisl

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples.

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What is the importance of Bank Reconciliation in Business?

Simple Accounts

You might have heard the term ‘Bank reconciliation’ multiple times but did not bother to go in-depth to find out what it is. If you are someone who is in the business game or who is interested in such details, you might know this.

Art of Accounting: 10 ways to better manage your time

Accounting Today

Client strategies Practice management Ed Mendlowitz Client relations Training

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 like ART (a unique month-end close solution) into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART, and share the key elements of month-end close automation.

Sales tax is a tricky world

TaxConnex

A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated. New York: An appeals court ruled last month against a company that claimed eligibility for sales tax refunds on several purchases of concrete.

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Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

When you are just starting out, using email to manage the inflow of communications and documents to/from customers and vendors makes sense. You are building relationships and managing invoices with a personal touch. This might help you get paid a bit faster.

More Trending

Does the Kiddie Tax Affect Your Family?

RogerRossmeisl

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children.

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Keepin’ It in the Family: 10 Tips for Hiring Your Child

Patriot Software

Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work.

Why Accountants Should Be Using the Cloud | Canopy

Canopy Accounting

Cloud computing is the process of delivering hosted services using the internet. In a short time, cloud computing has emerged as an efficient and advanced way to boost the success of just about every type of business.

Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution.

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

Debugging Lesson Well-learned: Fixing Material UI Autocomplete Search

Lockstep

Did you know that developers spend more than 75% of their time debugging issues? That’s more than 1500 hours per year! While there are many actions that lead developers to dead ends, fixing issues that otherwise should only take a few hours should not be one of them.

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App purchases and sales and use tax

TaxConnex

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps.

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How to Avoid the Early Withdrawal Tax Penalty on IRA Distributions

RogerRossmeisl

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money.

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Employee Documentation: Tips & Examples to Save Your Startup Money

BurklandAssociates

Employee documentation can help your company raise that next round of funding and mitigate any allegations of unfair employment practices. The post Employee Documentation: Tips & Examples to Save Your Startup Money appeared first on Burkland.

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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.

Unpaid payroll taxes Help – Los Angeles, CA local representation firm

MyIRSRelief

According to the most up-to-date US Tax Code, all US-based business employers are required to file employment 941 / 940 Payroll Tax forms with the IRS every quarter and year-end at a prescribed date.

 August ‘22 Acterys Product Updates

Acterys

This month, we are again releasing major improvements for Acterys. Our development team has been pretty busy working on significant functionality improvements and new features to make your experience with our products better in terms of speed, usability, security, and ease of use.

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Lockstep Inbox Update: Global Search

Lockstep

If you’re like most accounting teams, you probably spend a lot of time searching through your email for specific information. It can be frustrating when you can’t find what you’re looking for, especially when time is of the essence.

Can remote employees create sales tax nexus?

TaxConnex

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.

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Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

The Auto Industry is Likely to Decline in Enterprise Value

RogerRossmeisl

Excerpt of an article posted to the ARK Invest website on 7/15/22 According to the research of ARK Invest, during the next five years the auto industry as measured in units will grow, but as measured by enterprise value, it will shrink.

IRS expands crypto question on draft version of 1040

Accounting Today

IRS Tax Tax season

Where TF Is the IRS Supposed to Find 87,000 Agents?

Going Concern

While various factions bicker over the Inflation Reduction Act, we have one question: where is the IRS supposed to find 87,000 agents!?

Write-back Options in Power BI – Not Everything is Equal

Acterys

Over the last 7 years, Power BI has developed into the predominant self-service analytics solution.

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!

More Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

Email was never designed as an accounting tool.

Why Sales Tax Technology Only Solutions Are Not Enough

TaxConnex

Since the Wayfair decision four years ago, sales tax compliance has had to become a major priority for businesses with multistate sales.

Tax Obligations if Your Business Closes its Doors

RogerRossmeisl

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities that must be met.

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IRS will wipe away $1.2B in late fees from pandemic

Accounting Today

IRS Tax penalties Tax Charles Rettig Tax relief

The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

When To Hire an HR Professional for Your Startup

BurklandAssociates

Consider bringing on HR when you reach milestones like hiring your first out-of-state employees, adding benefits, and creating an employee handbook. The post When To Hire an HR Professional for Your Startup appeared first on Burkland.

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Acterys Power BI App Contest: The Dashboard Challenge Begins!

Acterys

Calling all Acterys partners! It is time to unleash the Power BI wizard in you – wield your magic staff to build and showcase outstanding dashboards. Acterys is bringing you, the first of many to come, the Acterys Power BI App Contest.

How Do You Know When It’s Time to GTFO of Big 4? One Manager’s Opinion

Going Concern

Came across this on r/big4 this morning, let’s remember half of what you see on Reddit is just someone’s creative writing exercise and people who claim to make $200k/yr are often 14-year-old larpers but hey what kind of weirdo would pretend to be a Big 4 manager on the internet. Read on.

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5 reasons you need continuity in a sales tax provider

TaxConnex

Consistent (i.e., good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you.

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Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!