February, 2022

4 Reasons to Outsource Sales and Use Tax


When is it worth getting a business problem off your plate? Businesses outsource tasks every day, from marketing to operations to finance. But is there more you should be outsourcing? Does it make sense to keep things in-house if you don’t have an expert on staff?

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Don’t Discount the Key Person Discount


In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. Recent and announced high profile departures include Twitter’s Jack Dorsey, Amazon’s Jeff Bezos and American Airlines’ Doug Parker.


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What to Look for When Hiring a Fractional CFO for Your Startup


Hiring a fractional CFO is a significant milestone and an important strategic move for your startup. Even on an outsourced basis, your CFO is one of the pillars of your Read More. The post What to Look for When Hiring a Fractional CFO for Your Startup appeared first on Burkland.


How to Use the Data Storytelling Approach for FP&A Success


For every organization, FP&A mandates professionals to have first-rate analytical thinking and numerical analysis skills to interpret financial data and produce insights surrounding business performance. However, crunching numbers and compiling insights is only the first part of the process.

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.

5 FAQ When Choosing a Los Angeles CPA or EA


One of the most important aspects of a company to the owner or operator is the financial side. It is very important to know the financial condition of your business. For most businesses, this falls on the Accounting department.

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Steps to Clean Up Accounting Records: A Checklist


Taking steps to clean up accounting records can be a big undertaking for small business owners. Hopefully, you started your business on the right foot financially. You may diligently record your accounting transactions or have hired someone to take care of accounting for you.

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Valuing a Business for Divorce


When divorcing spouses own a private business interest, it complicates the settlement process. The value of a business isn’t necessarily as straightforward as the values of other marital assets.

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What’s a Good LTV:CAC Ratio for a SaaS Startup?


Summary: LTV, or Lifetime Value of a Customer, is the average total revenue one customer generates for your business over their lifetime. CAC, or Customer Acquisition Cost, is simply the Read More. The post What’s a Good LTV:CAC Ratio for a SaaS Startup? appeared first on Burkland.

Learnings & Tips For Implementing Extended Planning & Analytics (xP&A) with Power BI


In this post, I will cover some of the learnings from implementing large-scale xP&A (Extended planning & analytics) projects that include the handling of 2-way (read and write operations) within Power BI beyond the typical reporting and visualization aspects.

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Increasing Revenue from Your Existing Clients


RESOURCES / ARTICLES. Increase revenue from your existing clients. It’s gratifying to see that almost all firms we are working with have grown in the past twelve months, both in terms of revenue and profit. .

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!

How Much Is a Tax Consultant?


If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant.

Sales tax and M&A: Don't wait until it's too late


Mergers and acquisitions (M&A) capture a lot of headlines. The right merger or acquisition can spell fortunes for execs and shareholders and offer great chances to cut costs or snap up a valuable but distressed prize company.

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SB 113 Provides Additional Relief from SALT Deduction Limits


Back in 2017, the Tax Cuts and Jobs Act was signed into law which instituted a cap on the amount of state and local taxes (SALT) that individuals could report as Itemized Deductions on Schedule A. Starting with the 2018 tax year, the maximum SALT deduction available was $10,000.

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Fintech Landscape in 2022: Insights from a Fintech Co-Founder


In 2021, few industries received more venture capital investment than fintech, and many industry observers predict 2022 will be another banner investment year for the sector. To guide you through Read More.


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.

How Savvy Firms Free Up Capacity, Without Adding Staff


Talent has always been something that firm leaders have had to manage carefully, but this year seems especially difficult and many firms are wondering what to do about it. Per Monster.com, accounting roles were ranked in the top 10 hardest positions to fill in 2021.

Increasing Revenue from Your Existing Clients


RESOURCES / ARTICLES. Increase revenue from your existing clients. It’s gratifying to see that almost all firms we are working with have grown in the past twelve months, both in terms of revenue and profit. .

The Essential Small Business Accounting Services’ Guide to QuickBooks


Software, SaaS and Sales Tax


If your business sells software or software-as-a-service (SaaS), you deal with one of the most complex sales tax situations, potentially without even realizing it.

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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!

Are You Ready for the 2021 Gift Tax Return Deadline?


If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who must file?

How to Lower Your Investment Risk in a Startup


Who is the Startup’s Banking Partner? A startup should have a business account with a bank that specializes in startups. Startup Banking Dos & Don’ts Open a bank account Read More. The post How to Lower Your Investment Risk in a Startup appeared first on Burkland. CFO Insights Fundraising

How Long Does It Take an Accountant to Do Taxes?


As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself.

5 Time Management Tips to Stay Sane During Busy Season

CPA Practice

Pairing constantly changing tax laws with the stress of an increased workload can negatively affect your concentration and effectiveness. In fact, studies show that it can take more than twenty minutes to get back on task after an interruption.

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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!

How Much Does A Virtual Accountant Cost?


So you're interested in hiring a virtual bookkeeping company, but you're not sure how much making the switch will cost. When considering virtual bookkeeping, there are actually two costs to consider: the virtual bookkeeper and the accounting software.

What's New in State Sales and Use Taxes - Monthly Update


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. Oh Joy, oh revenue! State sales tax revenues and their local portions are reported up from Auburn, N.Y., to Colorado Springs, Colo., from Santa Barbara, Calif.,

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Why Would Married Couples File Separate Tax Returns?


If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing status results in the lowest tax.

Nonprofit Spotlight: Empowering Human Trafficking Survivors To 'Break The Cycle'


3 min read. In 2020 alone, there were over 10,000 reports of human trafficking to the U.S National Human Trafficking Hotline - and these numbers are likely only a fraction of the actual data. [1].


The First 90 Days: Onboarding Checklist

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

Financial Futures Analysis: How Do You Calculate Break-Even Point?



IRS and FBI Continue Probe Into Hunter Biden’s Taxes

CPA Practice

The investigation, first announced in December, 2020, is continuing with the IRS Criminal Investigation department and the FBI spearheading the efforts. President Biden’s son, a high-profile business associate and lobbyist in the past, has multiple.

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6 Helpful Accounting Tips For A Start-Up Company


As with any type of business, proper management of finances, and having a dedicated team or staff to handle said finances, is a critical component to long-term success.

Evolution of the Sales Tax Audit: Have Audits Changed with Economic Nexus?


Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. And why not?

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The #1 Cloud ERP Software to Manage Your Small to Mid-size Business.

From startup to enterprise NetSuite offers an ERP solution to help businesses scale and grow. With visibility and control when adaptability has never been more important, you’ll be able to streamline the right process and make smarter decisions, faster.