September, 2021

Sales Tax for Subscription Boxes


Over the past few years, subscription boxes have increasingly grown in popularity. This method of selling products delivers packages right to customers. Buyers sign up for regular delivery of everything from food, makeup, music, books, pet supplies, flowers, clothes and more.

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Fintech Developments in the Startup Ecosystem


As Fintech continues to be a top destination for VC capital, the sector is driving key developments across the startup ecosystem. According to Pitchbook data, some $1.354B went into 40 Read More. The post Fintech Developments in the Startup Ecosystem appeared first on Burkland.


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ABLE Accounts May Help Disabled or Blind Family Members


There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled.

Welcome Caitlin Wyatt!


You may have noticed a new name popping up on emails from our office in the last few months. That’s right, the SMB team has recently grown by another member, and we thought it was finally time to formally introduce her! Caitlin Wyatt joined the team this past July as a bookkeeper.

Employee Safety During COVID-19: Compliance Toolkit

Stay compliant with Paycor’s COVID-19 Action Plan FAQs and templates toolkit.

Tax & Accounting Service – Preparation, Planning, Representation


Tax Help? IRS – FTB – CDTFA – EDD tax help. . We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Levy – we release wage and bank levies. – Tax Audits.

It’s a Good Time to be a Good Listener…


RESOURCES / ARTICLES. It’s a Good Time to be a Good Listener…. If you really want to help clients, just listening to them is not enough. You need to ‘hear’ what they are communicating, which takes empathy and energy.

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Monthly SaaS Contracts vs. Annual


How Much More Should I Charge Monthly SaaS Contracts? One of the most overlooked benefits of a subscription business model is the positive cash flow impact of having annual contracts Read More. The post Monthly SaaS Contracts vs. Annual appeared first on Burkland.


Tax Breaks to Consider During National Small Business Week


The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week, here are three tax breaks to consider.

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I recently had the opportunity to attend my first conference in-person since the start of the pandemic last March. Held concurrently with the United Nations General Assembly, the Concordia Summit was founded ten years ago.

Whittier 911 Urgent accounting help


This article is for business owners who need emergency bookkeeping, accounting services to catch up on back years and unprepared books. Many Whittier, Los Angeles, Orange County, and other businesses find themselves at a critical time financially due to Covid-19.

Path to Becoming a CFO with Kelly Steckelberg, CFO at Zoom

Speaker: Jeff Epstein, Veteran Tech CFO, and Zoom CFO, Kelly Steckelberg

Join us for this very special conversation between veteran tech CFO, Jeff Epstein, and Zoom CFO, Kelly Steckelberg. The session gives us an opportunity to showcase the changes over time for CFOs, and draw comparisons between enterprise and fast-growing, early-stage companies.

Is The Employee Retention Tax Credit Right For Your Skagit County Business?


There is a LOT of smoke emanating from Congress right now. As usual, with Congress, there are always rumors and mutterings — what matters is what is actually signed into law. And we’ll keep you up to date on what you might need to know.

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Understanding Your Sales Tax Obligations as a Technology or Software Company - A Checklist


Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax.

How to Measure Marketplace Success: Stage 1, Marketplace Metrics


Every marketplace is different, but at its core, each marketplace has a seller (supply) and buyer (demand) side, acting as an intermediary to bring them together. The metrics VCs use Read More. The post How to Measure Marketplace Success: Stage 1, Marketplace Metrics appeared first on Burkland.

Claiming a Theft Loss Deduction if Your Business is the Victim of Embezzlement


A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

The Franchise Landscape


On the heels of Covid lockdowns and quarantine, we are seeing unprecedented levels of interest in business ownership with much of this interest coming through the avenue of franchising.

Central Bank Digital Currencies Can Cut Cross-Border Transaction Time 


Central bank digital currencies (CBDCs) can dramatically reduce the time needed for cross-border payments to clear from days to mere seconds, while cutting costs in half, according to a Tuesday (Sept. 28) report from Reuters. .

Successful CEOs Never Stop Learning


8 min read. Whether you're operating as CEO of your own company or have been hired as CEO of an established business, congratulations on getting the top job- a major accomplishment in its own right. However, just because you've made it to the top position doesn't mean you've succeeded yet.


Tips to Ensure You Don't Mishandle a Sales Tax Audit


Managing a sales and use tax audit can be challenging. And many businesses mishandle the process, making it all that much more difficult on themselves. First, you should always anticipate an audit – even if you’ve never been audited before.

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Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

SaaS Metrics Simplified, Part Two: Optimize & Scale


(This article is Part II of SaaS Metrics Simplified. Also see Part I, Launch Metrics.) To truly understand your SaaS company’s performance, you need to go beyond standard financial metrics, Read More. The post SaaS Metrics Simplified, Part Two: Optimize & Scale appeared first on Burkland.

Getting a Divorce? Be Aware of Tax Implications if you Own a Business


If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it.

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Four Signs it is Time to Hire an Online Bookkeeper


Bookkeeping is Holding You Back. Business owners know their companies like the back of their hands. They are the head of every department, and perform the work of multiple people. Of all the roles they play, our customers express that the bookkeeper role is their least favorite. .

Biden to Name CBDC Advocate Saule Omarova to Lead OCC


President Joe Biden has announced that he plans to nominate Saule Omarova for Comptroller of the Currency and Claudia Slacik as Member of the Securities Investor Protection Corporation, according to a White House press release.

10 Pragmatic Guidelines to Inspire Trust in Your Accounting Firm During COVID Times

Speaker: Javier Goldin, Managing Partner at Goldin Group LLC

The accounting profession has been moving from transactional to advisory work. Advisory work is based on relationships and an ongoing dialogue. The pandemic has forced many firms into a remote environment. The implicit trust of a face-to-face interaction is gone. So how do you rebuild or reproduce that trust, key to a relationship, in a remote environment. Can it be done and if so how to best execute? Join Javier Goldin, Managing Partner at the Goldin Group, LLC, for this enlightening discussion on the elements of engendering trust.

Are You Ready For Outsourced Controller Services?


There comes a time in the growth of every successful business where the owner or CEO starts to feel that their basic bookkeeping simply isn't enough. If they're lucky, their books are clean and the integrity of their financial data is secure.

What's New in State Sales and Use Taxes


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. State Revenue Updates. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong.

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Tax Basis Method for Partnerships: The Transactional Approach


At the end of 2020, the IRS announced important changes to their compliance rules for partnerships. Starting with tax year 2020, partnerships must report their capital accounts using the tax basis method.

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Planning for Year-End Gifts with the Gift Tax Annual Exclusion


As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones.

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Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.

Cloud Computing Benefits and Risks for Skagit County Businesses to Consider


In the olden days, Skagit County business owners kept track of their records by hand in the old reliable notebook or ledger. So what an innovation it must have seemed to move business information to a floppy disk that could plug into a computer.

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Visa Unveils Universal Payment Channel for Blockchain


Visa is working on a universal payment channel project that connects blockchain networks to a variety of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs). As the company announced on Thursday (Sept.


Business Growth Calls for Preparations to Outsource


Many businesses have in-house accounting departments because this was simply the norm for years past.

What you need to know: “Origin” vs. “destination” states


In real estate they say, “Location! Location! Location!” Same is true for sales tax – except the word can have different meanings. For example, when it comes to sales tax, do you need to follow “destination-based” or “origin-based” rules?

7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.