Bharmal&Associates

JANUARY 19, 2022

When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property. Moreover, rental real property owners are entitled to depreciation even if their property goes up in value over time (as it usually does).

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Real Estate cpas tax 264

TaxConnex

JANUARY 18, 2022

There’s a lot of talk in sales tax about nexus, thresholds, forms, filing and many other details of compliance. One often overlooked aspect of compliance, but extremely important, is the sales tax exemption certificate. An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is a resale exemption certificate (aka a resale certificate).

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auditor Manufacturing tax Sales 198

BurklandAssociates

JANUARY 17, 2022

Summary: R&D tax credits incentivize innovation with up to $250,000 in annual tax savings. The ERC provides up to $21,000 in credit values per employee in 2021. Companies cannot use Read More. The post ERC and R&D Tax Credits for the 2021 Tax Year appeared first on Burkland.

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RogerRossmeisl

JANUARY 11, 2022

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Basics of the credit The FICA credit applies with respect to tips that your employees receive from customers in connection with the provision of food or beverages, regardless of whether the food or beverages are for consumption on or off the premises.

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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.

MyIRSRelief

JANUARY 3, 2022

As hard to believe as it may be, we are now in yet another year and here’s to hoping that 2022 will be significantly better than the last previous years, but we digress. What we’re here to talk about today is IRS TFRP help, or trust fund recovery penalty help, as it is better known. With tax season coming up fast, our thoughts will soon be turning to our books and accounts, as we look to get all of our taxes in order so as to appease the wrath of the tax man.

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SMBAccountant

JANUARY 27, 2022

When doing your taxes, there are a lot of things to keep track of. If you're trying to do it all yourself, it can be tough to stay organized and make sure you're including everything. Using a project management tool can help make the process easier and less overwhelming. Here are five reasons why you should use a project management tool when doing your taxes.

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tax accounting and finance business tax Finance 130

TaxConnex

JANUARY 25, 2022

TaxConnex is excited to announce a record-breaking 2021 and reports annual organic revenue growth of 19% in 2021, proving that as sales tax becomes more complicated, businesses are continuing to look for a trusted provider to manage the burden for them. We are also excited to share that last year we onboarded more new clients than ever before and will have remitted over $1.5B in sales tax for our clients from 2021 returns.

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South Dakota tax Sales 188

BurklandAssociates

JANUARY 24, 2022

The fractional CFO model has seen a big rise in popularity among startups in recent years. Solid financial guidance is one of the keys to scaling a startup, and a Read More. The post Is My Startup Ready for a Fractional CFO? appeared first on Burkland.

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RogerRossmeisl

JANUARY 5, 2022

After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. The IRS recently announced that the cents-per-mile rate for the business use of a car, van, pickup or panel truck will be 58.5 cents (up from 56 cents for 2021).

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cpa tax business tax 244

Withum

JANUARY 28, 2022

In this post, we are sharing helpful Microsoft Teams tips and tricks to enhance your Teams collaboration journey. Through our work with various organizations, we gathered commonly requested tips that will help staff navigate day-to-day while in Teams. Microsoft Teams provides many ways to do things and we narrowed it down to 10 Team tips and tricks to help your organization adopt Teams. 1.

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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

Technology

ThomsonReuters

JANUARY 24, 2022

Overview. The U.S. Supreme Court settled the issue of the COVID-19 vaccine mandate for certain employers under the Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard (ETS) on January 13, 2022, by blocking its implementation. However, it ruled in favor of the Centers for Medicare and Medicaid Services (CMS) emergency regulations for COVID-19 vaccine requirements for certain healthcare workers. .

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PANALITIX

JANUARY 11, 2022

RESOURCES / ARTICLES. Learning For Success in 2022. What would you like to learn in 2022? . We’re not talking about your Continuing Professional Education (CPE) obligations. We’re talking about what would really BENEFIT you. What you would ENJOY. What you would most VALUE in terms of education. Panalitix has been reorganizing our huge volume of learning content into COURSES which are: Short, Sharp, and Action-Oriented … since your time is limited .

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Education Sales Account accountant 130

TaxConnex

JANUARY 11, 2022

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. What is it? Shipping. Actually, in terms of sales tax, it’s “shipping,” “shipping and handling” and “delivery” – three animals treated with confusing differences as you try to meet sales tax obligations in many different states and jurisdictions.

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Sales Rhode Island tax South Dakota 180

BurklandAssociates

JANUARY 10, 2022

It’s easy to forget about taxes in the early days of a startup’s formation when you are pre-revenue and working on product or service market fit. It’s understandable why most Read More. The post 8 Common Startup Tax Mistakes to Avoid appeared first on Burkland.

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tax 162

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Technology

RogerRossmeisl

JANUARY 11, 2022

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation. If you’re like most people, you’re probably more concerned about your 2021 tax bill right now than you are about your 2022 tax situation. That’s understandable because your 2021 individual tax return is generally due to be filed by April 18 (unless you file an extension).

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Withum

JANUARY 26, 2022

With new technology comes new opportunities for investors to make money. While cryptocurrencies (crypto) and the blockchain have been around for nearly a decade, they are relatively new to mainstream financial conversations, and currently, more people are investing in crypto than ever before. For those who are unfamiliar with cryptocurrency, crypto is a form of digital currency that is supported by blockchain technology whose value fluctuates based on supply and demand.

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tax Technology Account accountant 126

ThomsonReuters

JANUARY 21, 2022

It’s a new year and that means new tax laws and other tax changes. Below are changes that take effect this year, along with other tax planning information. Filing deadlines. First off, the deadline to file individual tax returns is April 18. Other deadlines are: January 17, 2022 : 4th quarter 2021 estimated tax payment due. March 15, 2022 : Partnership and S corporation returns for calendar year 2021.

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tax tax return corporation tax tax planning 111

xendoo

JANUARY 31, 2022

New Year, New Tax Requirements. Do you use apps like Zelle, Venmo, and Cash App to accept payments from customers? How are you reporting those earnings? In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K.

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Technology

TaxConnex

JANUARY 4, 2022

Mechanics tell you that you can keep your car running best by checking the engine occasionally and keeping up with the recommended maintenance schedule. Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Sales tax rules , rates, filing frequencies and many other details change frequently. Whether you manage the process in-house, work with a technology vendor or outsource completely, you must understand the pieces to remaining compliant: re

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tax return tax Sales Start-ups 163

BurklandAssociates

JANUARY 3, 2022

What do you do when you start getting those checks with a lot of zeros on the end? The post My Startup Got Our First Big VC Check. What Should I Do with It? appeared first on Burkland.

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RogerRossmeisl

JANUARY 5, 2022

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands and making deliveries from a restaurant or store.

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Withum

JANUARY 17, 2022

As tax season 2022 gets underway Treasury Officials are telling taxpayers to brace for a difficult experience when dealing with the IRS this year. The IRS was already coping with systemic challenges before the pandemic, but issues related to COVID-19 and other new demands placed upon the Service has worsened the IRS’s ability to serve taxpayers. . As a result, taxpayers who file a claim for a refund, particularly those who file paper returns, may find themselves having to wait an inordinately l

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income tax tax return tax 126

Advertiser: Paycor

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.

ThomsonReuters

JANUARY 27, 2022

QUESTION: Our company is an applicable large employer (ALE) that sponsors a self-insured group health plan. We know we have to file Forms 1094-C and 1095-C for the 2021 calendar year. When are these forms due? ANSWER: ALEs must report to the IRS whether they offered full-time employees and their dependents the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan, whether the offered coverage was affordable and provided minimum value, and certain other i

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xendoo

JANUARY 12, 2022

This year, make things easier on yourself by planning ahead. You’ll thank yourself for filing business taxes according to the prescribed deadlines. Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. To help you with this process, we’ve put together this complete guide for filing business taxes in 2022.

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TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Add a tight job market and the task for many companies has become nearly impossible. First, what’s influencing the availability of workers lately? The national unemployment rate dropped to 3.9% by the end of last year, meaning that fewer people willing or able to work are still looking for a job.

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Sales E-commerce tax Florida 162

BurklandAssociates

JANUARY 18, 2022

Estimate your tax preparation costs using our Startup Tax Preparation Cost Calculator. 2022 Tax Calendars 2022 U.S. Tax Deadlines for Startups 2022 San Francisco Tax Deadlines for Startups 2022 New Read More. The post 2022 Tax Deadlines for Startups appeared first on Burkland.

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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.

Finance

RogerRossmeisl

JANUARY 19, 2022

Prevention is the heart of any fraud mitigation program. But sometimes even solid internal controls fail (because, for example, a manager overrides controls) and occupational fraud occurs. If you suspect an employee of stealing, you’ll want to do everything you can to ensure the perpetrator is caught. In most cases, you should hand a fraud investigation over to your attorney and a forensic accounting expert.

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forensic accounting cpa Account accountant 243

Withum

JANUARY 13, 2022

COVID Relief Programs Included: PPP, EIDL, ERC, FFCRA, SVOG, and RRF. The COVID-19 pandemic created a vast network of small business relief programs in the form of loans, grants, tax credits and direct payments. From the Paycheck Protection Program (PPP) to the Employee Retention Credit (ERC), small businesses were infused with billions of dollars in government assistance to keep the economy running and businesses afloat.

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tax tax return income tax corporation tax 126

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Figuring out how to stabilize revenue throughout the year can help you reduce overall stress and improve income potential.

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FraudFiles

JANUARY 20, 2022

Divorces and child support cases often focus heavily on financial issues. Whether the parties to a case are of modest means or great wealth, both sides want their own version of what is fair. Unfortunately, this can lead one or both parties to hide income and assets. With the help of a financial expert, counsel can identify income and assets that might otherwise go undiscovered, and hopefully reach an equitable end to a divorce or child support case.

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forensic accounting Real Estate income tax tax return 98

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"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.

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