June, 2021

3 Benefits to a Voluntary Disclosure Agreement

TaxConnex

A voluntary disclosure agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types. In exchange for voluntarily reporting the tax due, states offer a waiver of some penalties and other benefits to the business.

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2022 Amounts for Health Savings Accounts

RogerRossmeisl

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.”

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Best Practices for (Annual) Strategy Meetings

PANALITIX

RESOURCES / ARTICLES. Best Practices for . Annual) Strategy Meetings. Partners, owners and/or managers of accounting businesses need to work on business strategy from time to time. These sessions can be hugely productive or… frankly… a waste of time.

VC Deal Flow Was Dominated by Consumer Startups in 2020

BurklandAssociates

VC deal flow to Consumer startups accounted for well over 40% of all venture deals in 2020 and a whopping 46.6% in Q1 2021. The post VC Deal Flow Was Dominated by Consumer Startups in 2020 appeared first on Burkland. Consumer Fundraising

Employee Safety During COVID-19: Compliance Toolkit

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

Considering DIY Global Expansion

GlobalUpside

Considering DIY Global Expansion. Global expansion complexities will always exist for companies growing into international markets. The only way to avoid it is to work with experts that understand the local laws and regulations for each jurisdiction of operation.

How to Keep My New Corporation Out of Trouble?

MyIRSRelief

Running a corporation is not easy. There are many challenges that you will face, some of which you may not even expect until they happen. And while no one is perfect, you can minimize potential problems if you do the basics.

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More Trending

Plan Ahead for the 3.8% Net Investment Income Tax

RogerRossmeisl

High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact.

Best Practices for (Annual) Strategy Meetings

PANALITIX

RESOURCES / ARTICLES. Best Practices for . Annual) Strategy Meetings. Partners, owners and/or managers of accounting businesses need to work on business strategy from time to time. These sessions can be hugely productive or… frankly… a waste of time.

Evaluating Fit Between Entrepreneur and Investor

BurklandAssociates

The investment environment is tilted in favor of startups right now. And that means there’s a high likelihood you’ll be able to raise capital — in fact, it’s as high Read More. The post Evaluating Fit Between Entrepreneur and Investor appeared first on Burkland. Fundraising

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Centralizing & Consolidating Financial Vendors

GlobalUpside

Centralizing & Consolidating Financial Vendors. During periods of rapid growth, businesses may not have time to find the right growth partner. Instead, they hire different vendors, for different needs, in different countries.

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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.

5 Tips to Prepare Your Small Business for Summer

GrowthForceBlog

Summer is here- which means sunshine, the smell of freshly mowed grass, and some much-needed downtime is right around the corner. But as a business owner, it's much more than that. For some, the approaching summer translates to a slow and lean period. For others, business is booming.

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Questions to Ask Your Sales Tax Provider Before You Sign the Contract

TaxConnex

They said it would be simple. They said they could automate it all, but in fact, you’re still doing a lot of the work. Why are you paying more penalties for missed notices and late payments than you were before you started working with your sales tax vendor?

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Unreliable or Fraudulent Insurance Coverage

RogerRossmeisl

Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you have the greatest need, you’ll find yourself out in the cold. Unfortunately, there aren’t a lot of great legal remedies.

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Partnering With Gusto Today Means a Better Tomorrow for Xendoo Customers

xendoo

Partnering with Gusto today means a better tomorrow for Xendoo customers. As a small business owner, you juggle multiple roles… bookkeeping, human resources, marketing, and all that goes into running your business every day.

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.

Legal, Tax & Culture Implications of Remote Work at Startups

BurklandAssociates

Some startups have been blindsided by the ramifications of letting teams work from anywhere and everywhere. Here's what you need to know. The post Legal, Tax & Culture Implications of Remote Work at Startups appeared first on Burkland. HR Taxes

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Lessons From the Front Lines: Establishing a Legal Entity

GlobalUpside

Many companies trust their team of lawyers to handle the incorporation and setup of their businesses overseas. But lawyers can only do so much. Usually, lawyers can only incorporate a business but are unable to register the newly formed business for various taxes, etc.

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Meet Kitti Crawford, Staff Success Ambassador at AccountingDepartment.com

AccountingDepartment

Kitti Crawford is our Staff Success Ambassador at AccountingDepartment.com and her main function is to assist our new and tenured staff members with training as they grow into their roles here at ADC.

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State Discounts for Sales Tax

TaxConnex

Collecting and remitting sales tax can be onerous – and expensive – for any business. That’s one reason some states give a collection discount to help with the costs of managing sales tax. States offer it as a way of helping to pay administrative costs of compliance.

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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.

Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees

RogerRossmeisl

Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a costly error.

Best Real Estate Accounting Tips for Agents and Brokers

xendoo

Editor’s Note: This post was originally published in November 2019 and has been revamped and updated for accuracy and comprehensiveness. . As the owner of a new real estate business, you’re probably aware of the unique characteristics of your industry.

Is an Online Marketplace the Best Model for My Startup?

BurklandAssociates

The online marketplace model is surprisingly lean and scalable, making it a popular choice for investors and new consumer startups. The post Is an Online Marketplace the Best Model for My Startup? appeared first on Burkland. CFO Insights Consumer

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Overcoming Tough Obstacles To Become A Successful Entrepreneur

GlobalUpside

The post Overcoming Tough Obstacles To Become A Successful Entrepreneur appeared first on Global Upside. Company Updates

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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.

How To Successfully Host Virtual Fundraising Events

GrowthForceBlog

7 min read. If the past year revealed anything, it's humanity's incredible resilience. The ability to come together. even when we can't physically be together, as well as our ingenuity. Nonprofit Accounting & Reporting

Legalization and Taxation of Cannabis

TaxConnex

Legalization of cannabis and how it would be taxed has been a discussion for many years. But as states continue to pass laws legalizing the sale of cannabis, the businesses trying to capitalize on the market are struggling with the complexities of taxation as it differs from other sales.

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Assess Your Supply Chain’s Fraud Risk

RogerRossmeisl

The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to potential fraud signs.

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Pros and Cons of Putting Your Small Business on Amazon

xendoo

Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie.

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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.

SaaS Customer Success: Gross Margin vs. Churn Trade-Offs

BurklandAssociates

Customer Success costs are a drag on a startup's Gross Margins, but much less of a drag than losing customers. The post SaaS Customer Success: Gross Margin vs. Churn Trade-Offs appeared first on Burkland. Accounting CFO Insights Financial Modeling SaaS

Global Upside Opens New Office in Poland & Announces Plans to Expand in APAC & LATAM

GlobalUpside

The post Global Upside Opens New Office in Poland & Announces Plans to Expand in APAC & LATAM appeared first on Global Upside. Company Updates

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The Ultimate Guide to Finding the Perfect Outsourced Accounting and Bookkeeping Service

AccountingDepartment

Monthly Review of What's New in Sales & Use Tax

TaxConnex

There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates. Biggest news: Missouri will likely soon join fellow holdout Florida in establishing economic nexus requirements.

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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.