February, 2022

4 Reasons to Outsource Sales and Use Tax

TaxConnex

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

RogerRossmeisl

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

BurklandAssociates

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.

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5 FAQ When Choosing a Los Angeles CPA or EA

MyIRSRelief

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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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.

Steps to Clean Up Accounting Records: A Checklist

xendoo

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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Understanding the Pieces to Your Sales Tax Compliance Puzzle

TaxConnex

This article was written for the Atlanta Business Chronicle Leadership Trust. To see the original post, click here.

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Valuing a Business for Divorce

RogerRossmeisl

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?

BurklandAssociates

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.

How Savvy Firms Free Up Capacity, Without Adding Staff

CTP

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.

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.

How Much Is a Tax Consultant?

xendoo

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.

Increasing Revenue from Your Existing Clients

PANALITIX

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. .

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

TaxConnex

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

RogerRossmeisl

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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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.

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

BurklandAssociates

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.

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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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The Essential Small Business Accounting Services’ Guide to QuickBooks

IgniteSpot

Small Business Mentoring For Your Skagit County Business

SkagitCountyTaxServices

Did you know that about 20% of small businesses fail in their first year? That’s a daunting statistic for anyone starting a new Skagit County business. And, even scarier, is the reality that companies with owners younger than 30 are even more likely to tank.

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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.

Software, SaaS and Sales Tax

TaxConnex

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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Are You Ready for the 2021 Gift Tax Return Deadline?

RogerRossmeisl

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

BurklandAssociates

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

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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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.

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

GrowthForceBlog

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].

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NFTs for NFPs: Crypto Concerns for Charities

Withum

Welcome to the future! Cryptocurrency continues to gain popularity (see our previous article here ), the Metaverse is constantly expanding, and NFTs (Non-Fungible Tokens) are trending.

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

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. 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?

RogerRossmeisl

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.

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!

How Long Does It Take an Accountant to Do Taxes?

xendoo

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.

IRS Interest Rates Increase for Q2 2022

CPA Practice

The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning April 1, 2022. The rates will be: 4% for overpayments (3% in the case of a corporation);1.5% for the portion of a corporate overpayment.

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You Can’t Fix Your Pricing Problem Without Doing THIS First

GrowthForceBlog

6 min read. In a retail business, pricing is fairly straightforward. You know how much you pay wholesale for a product, so you can add a markup to ensure you have an ample profit margin that allows you to cover your nut and still turn a profit.