August, 2022

article thumbnail

Do we need accounting firms?

Accounting Today

Practice management Partnerships

article thumbnail

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.

tax 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Art of Accounting: 10 ways to better manage your time

Accounting Today

Client strategies Practice management Ed Mendlowitz Client relations Training

account 110
article thumbnail

The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.

article thumbnail

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.

Sales 130
article thumbnail

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

article thumbnail

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.

tax 162
article thumbnail

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.

payroll 83
article thumbnail

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.

article thumbnail

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.

Sales 207
article thumbnail

Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

article thumbnail

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.

article thumbnail

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.

176
176
article thumbnail

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.

cpa firm 179
article thumbnail

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.

204
204
article thumbnail

10 Ways to Keep Your Hourly Employees

Getting and keeping hourly workers is no longer as simple as offering them more cash. Employees have options. But this guide from Paycor will help you put your best foot forward to recruit, retain, and develop hourly workers so you can remain competitive.

article thumbnail

Do You Have What It Takes to Be an Entrepreneur?

VetCPA

Do you like being in charge of your destiny and are you able to handle stress well? Do you have a great idea for a new business? You may be able to strike out on your own and become the entrepreneur you want to be.

Start-ups 130
article thumbnail

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.

Sales 207
article thumbnail

 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.

130
130
article thumbnail

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.

article thumbnail

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!

article thumbnail

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.

tax 172
article thumbnail

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.

article thumbnail

IRS expands crypto question on draft version of 1040

Accounting Today

IRS Tax Tax season

account 111
article thumbnail

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.

Sales 207
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

article thumbnail

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.

article thumbnail

More Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

Email was never designed as an accounting tool.

article thumbnail

5 Ways to Stop Employees from Colluding in Fraud

RogerRossmeisl

What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses rise precipitously.

cpa 174
article thumbnail

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!?

article thumbnail

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

article thumbnail

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

Accounting Today

IRS Tax penalties Tax Charles Rettig Tax relief

account 103
article thumbnail

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.

Sales 205
article thumbnail

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.

article thumbnail

Offshoring: Not New… but Increasingly Mainstream

PANALITIX

RESOURCES / ARTICLES. Offshoring: Not New… but Increasingly Mainstream. We are helping lot of Accountants with outsourcing their work, especially to ‘offshore’ locations. This is not a new topic… but there is more momentum than ever before so let’s look at offshoring in more detail. Why consider offshoring in the first place? Here are our top 6 reasons: 1. It’s tough to HIRE top-class employees. And it’s even tougher recently.

article thumbnail

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.