April, 2021

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Diversity in Venture Capital & Startups, a Conversation with Alpha Bridge Ventures

BurklandAssociates

Howie Diamond is a Co-Founder and Managing Partner of Alpha Bridge Ventures. Howie recently joined Burkland’s Ruben Austin for a discussion about diversity in venture capital and startups. Q: Please Read More. The post Diversity in Venture Capital & Startups, a Conversation with Alpha Bridge Ventures appeared first on Burkland.

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Be Careful When Claiming “Made in USA”

RogerRossmeisl

Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website and social media accounts that its goods were “Made in USA,” even though most of them were imported. This is a violation of the FTC Act, and if your business is making similar claims about foreign-made products, you too could find yourself in legal hot water.

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6 Simple Ways to Get Your Customers Talking

DuctTapeMarketing

6 Simple Ways to Get Your Customers Talking written by John Jantsch read more at Duct Tape Marketing. Word of mouth marketing is considered by many to be the most desired form of marketing. The trust, referrals, and overall brand-building buzz that’s garnered by customers spreading the good word to prospects are worth its weight in gold. Some products, services, and experiences naturally produce chatter, but there are certain things that any company can do to stimulate word of mouth and cash in

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Proposals with Less Pain and More Gain

PANALITIX

RESOURCES / ARTICLES. Proposals with. Less Pain and More Gain. Many firms struggle with creating and sending proposals efficiently. Moreover, the final product is often an underwhelming-looking, intimidating, lengthy text document. Panalitix offers a complete solution to improve both the proposal generation process as well as the user experience for your clients.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Zero-Due Returns: What They Are and When You Have to File Them

TaxConnex

S uppose you ’ re registered for sales tax in a jurisdiction because you have es tablished sales tax nexus. For various reason though, you don’t have any sales tax to remit. You may think that because you haven’t collected any sales tax, you have no return to file. ?. Wrong. Most s tates in which you’re registered want to hear from you even if you don’t have any sales tax to remit.

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IRS to increase back tax collection, audit enforcement action

MyIRSRelief

If you have not filed your tax returns, or if you owe unpaid back taxes, employment 941/940 payroll tax, or could possibly be audited, the IRS is raising the bar and hiring more revenue officers and revenue agents. Our tax firm assists taxpayers in getting compliant, resolving their unpaid back tax matter and represent you at audit and exam conferences to present your case for the best possible tax debt relief outcome.

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Update on California Classic Car Smog Exemption Bill AB 220

RogerRossmeisl

As posted to Mike Frankovich’s YouTube Channel on 4/15/2021 (Run time: 8 min, 47 sec) If you’re like me, you have trouble understanding why California continues to make it so difficult to engage is what is one of the most quintessential of California pastimes. classic car ownership. Since the smog check exemption changed from a 30 year rolling average to a set, 1975 and older cut-off back on 4/1/2005 classic car enthusiasts owning post-1975 vehicles have tirelessly petitioned their e

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Fix Late Payments Without Souring Your Customer Relationships | YayPay

Accountant Advocate Submitted Articles

How can AR teams improve customer payment behavior? Here are some of the key ways to protect your customer relationships, as well as your cash flow.

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Guidelines on Selling (or Merging) Your Accounting Business

PANALITIX

RESOURCES / ARTICLES. Guidelines on Selling. (or Merging). Your Accounting Business. All businesses undergo changes in ownership, or they are liquidated – it’s just a matter of time. Accounting businesses are no exception… so it makes sense for business owners to think about this early and ensure they control the process as far as possible. Panalitix works closely with firms undergoing major “succession events” so we’ll offer some guidelines in this article.

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Add Florida to the List of States with Economic Nexus!

TaxConnex

Florida Gov. Ron DeSantis signed l egislation that impose s sales tax economic nexus on remote sellers on April 19, 2021. Economic nexus has finally passed in Florida! What does this mean for you and your business? The law – which Florida businesses have long awaited and which critics said will cost ordinary Floridians the expense of sales tax while benefiting businesses – also contain s Marketplace Provider (aka “m arketplace f acilitator ”) provisions that require platforms such as Amazon to c

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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R&D Tax Credits – Important Things to Know

MyIRSRelief

As a taxpayer, one of the most daunting and potentially stressful times of the year is April 15th. Staying in the good books of the IRS is imperative, not only for your finances and the reputation of your business, but also for your mental health and sanity in the process. This is where it pays to stay up to date with the various goings on in the world of taxation.

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Insights for Women Entrepreneurs from a Startup Coach at iFundWomen

BurklandAssociates

Plotting a path towards growth and success can be especially tough for women-owned startups. On the Startup Success podcast, we recently sat down with Virginia Almendarez. She’s a startup coach Read More. The post Insights for Women Entrepreneurs from a Startup Coach at iFundWomen appeared first on Burkland.

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The Interview Before the Fraud Interview

RogerRossmeisl

When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could be accurate, but there was also a chance that it wasn’t. She called her company’s attorney, who recommended a forensic accountant to investigate. He also suggested that she perform some preliminary interviews to gather facts — but to be careful not to interrogate employees.

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Is the virtual CPA here to stay?

ThomsonReuters

In 2020, tax and accounting professionals found themselves amid a major disruption in their daily firm life. Now, after navigating through turmoil and confusion, we find ourselves still adjusting to becoming a fully functional remote CPA. As we move forward through the COVID-19 pandemic, will the virtual CPA be here to stay? In this next chapter of Small Talk with Heather Walker , Paul Miller, Founder and Owner of Business by Design , and I discuss the pivot to digital work life for tax and acco

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Raise More Money By Showing Donors the ROI of Their Gift

GrowthForceBlog

6 min read. One of the biggest misconceptions of the Nonprofit world is that corporations and larger foundations are the biggest givers. In fact, it’s actually the complete opposite- over 70% of donations come from individual donors [1].

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Sales Tax Compliance: Automated Returns or Service Provider?

TaxConnex

This time of year, everybody’s mind is on income tax preparation. And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. They turn to experts.

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Review of Harvard Business Review

Withum

A business leader’s currency is ideas. The current May-June 2021 issue of the Harvard Business Review is a minefield of ideas just waiting to be banked. I usually go through the new issue when it is received and end up reading the article titles, executive summaries and perhaps two or three articles.

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To SPAC or Not To SPAC, That is the Question

BurklandAssociates

SPACs are everywhere. But what exactly are they? And is a SPAC the best funding vehicle for your startup? The post To SPAC or Not To SPAC, That is the Question appeared first on Burkland.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. 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 vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Ugly Side of the Precious Metals and Stones Industry

RogerRossmeisl

All that glitters isn’t gold. This includes gold — and other precious metals, stones and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as drug trafficking and terrorism. But several U.S. laws and regulations target these international money-laundering operations. Good as gold Precious metals, stones and jewels make ideal vehicles for money laundering for several reasons: Ownership and control.

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Ninth Circuit Affirms ERISA’s Preemption of State-Law Claims

ThomsonReuters

Meyer v. United Healthcare, 2021 WL 930258 (9th Cir. 2021). Available at [link]. A health plan participant brought state-law claims against the plan’s insurer, alleging the insurer engaged in deceptive practices, breached its contract, and committed fraud in handling his claim. After a federal trial court dismissed the case based on ERISA’s preemption of state-law claims, the participant appealed.

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2020 Tax Update for the Tax Planner – Part 1

CTP

There have been so many tax changes this year! As you might expect, it is difficult to cover them all. We’ll try to highlight a handful of changes that we think will be most relevant to you as a tax professional. We’ll skip over the changes that are compliance-related, and focus on the provisions from […]. The post 2020 Tax Update for the Tax Planner – Part 1 appeared first on certifiedtaxcoach. 2020 Tax Update for the Tax Planner – Part 1 was first posted on April 15, 2021 at

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Selling Into the U.S. - Understanding How Customer Location Impacts Which Sales Tax Rates and Rules You Apply

TaxConnex

The United States has possibly the world’s most complex sales tax regime. This is because each state sets its own sales tax rules, and states often take widely varying approaches. As a result, each state has a different tax framework, with varying rules around everything from tax liability and tax rates to exemption categories and reporting requirements.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Cash Flow Management for eCommerce: 4 Tips for Smooth Sailing

xendoo

Editor’s Note: This post was originally published in February 2017 and has been revamped and updated for accuracy and comprehensiveness. . Cash flow is a measure of your business’s liquidity and ability to pay its debts from sales revenue. Cash flow management can be one of the most challenging aspects of being an online business owner. Your business can be profitable but still have a negative cash flow because profit calculation takes into account assets like inventory that you can’t use

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Diversity in Venture Capital & Startups, a Conversation with Alpha Bridge Ventures

BurklandAssociates

Howie Diamond is a Co-Founder and Managing Partner of Alpha Bridge Ventures and Dr. Kari Sulenes is a Partner at Alpha Bridge Ventures and well-regarded in the startup ecosystem for Read More. The post Diversity in Venture Capital & Startups, a Conversation with Alpha Bridge Ventures appeared first on Burkland.

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ARPA Tax Break May Make Child Care Less Expensive

RogerRossmeisl

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays for the care of qualifying children under the age of 13 so that the taxpayer can be gainfully employed. Note that a credit reduces your tax bill dollar for dollar which, in effect can make child care less expensive.

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Dangers of DIY Accounting

MazumaBusinessAccounting

It can be tempting to cut corners when laying the foundation of your business. Most new business owners try to pinch pennies where they can—even in areas they shouldn’t. For almost all businesses, making money is a priority, but how you manage that money is equally important. When you try to manage the accounting and bookkeeping for your business yourself, you may run into trouble.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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New Rules on “Covered Period” – Why is timing so important?

CTP

This post is focused on timing. Why is timing so important? From a tax-saving standpoint, not every dollar of deduction is worth the same amount every year. The savings depend on the taxpayer’s rate at the time the deduction is taken. For example, let’s say that you run a restaurant and your business was really […]. The post New Rules on “Covered Period” – Why is timing so important?

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Holdout States Moving Toward Sales Tax Requirements

TaxConnex

Of the 50 states, 45 (plus DC) charge a state-wide sales tax. Two of those states that have a state-wide sales tax, Missouri and Florida, have yet to adopt economic nexus standards set by the 2018 South Dakota v. Wayfair case. At least for now. Spurred by the pandemic’s impact on revenue in 2020, lawmakers in Florida and Missouri are expected to soon pass regulations that would require out of state businesses selling into the state to collect and remit sales tax.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

ARPA established a 100% COBRA premium subsidy for continuing health coverage between April 1, 2021 through September 30, 2021. You may already be familiar with the term COBRA premium subsidy. A similar program was created during the Great Recession from 2007 to 2009 when the unemployment rate soared to over 9%. The American Recovery and Reinvestment Act of 2009 (ARRA) allowed workers who involuntarily terminated to be eligible for health coverage for up to 15 months at a reduced rate through a C

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Deducting Meals and Entertainment Expenses

CapataCPA

Deducting Meals and Entertainment Expenses While the Tax Cuts and Jobs Act (TCJA) of 2017 eliminated many deductions for business meals and entertainment, there are still some deductions available. Most of the deductions are in the form of business meals, but there are select exceptions of when a business can also deduct entertainment expenses. There have been two developments.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.