January, 2022

Depreciating Residential and Commercial Real Estate


When you own rental property, depreciation is your best friend.

Five Predictions For How Your Job Will Change In 2022—If You Decide To Keep It


The post Five Predictions For How Your Job Will Change In 2022—If You Decide To Keep It appeared first on Global Upside. Company Updates ragu bhargava Great Resignation Forbes future of work salary compression hiring globally


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The Importance of Validating Resale Certificates


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.

Businesses with Employees who Receive Tips may be Eligible for a Tax Credit


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.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

ERC and R&D Tax Credits for the 2021 Tax Year


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. Taxes

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IRS TFRP Help – Everything You Need to Know About Trust Fund Taxes and Penalties


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.

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More Trending

7 Common Questions About International Employment Contracts


International employment contracts act as the legal statement of record between a business and its global employees. In the context of compliance, this document is critical to protect both the employer and employees, which means it must contain all the key terms and conditions for employment.

TaxConnex™ has Record Breaking Year in 2021 and is Set for Continued Growth in 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.

2022 Business Mileage Rate


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.

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5 Reasons Why You Should Use a Project Management Tool When Doing Your Taxes


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.

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

Is My Startup Ready for a Fractional CFO?


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. CFO Insights Financial Modeling Fundraising


Filing Your Schedule C: A Simple Guide


Are you a small business owner? If so, you may be looking for advice on filing your Schedule C. The IRS Schedule C is used by sole proprietors and single-owner LLCs to report your small business taxes and is part of your personal tax return.

Global Upside Acquired by Safeguard Global


Global Upside Acquired by Safeguard Global. Safeguard Global, a global future of work company, announced today its acquisition of Global Upside, a global expansion technology and services company based in San Jose, Calif.

End of the Year Sales Tax Updates to be Aware of as You Start 2022


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 updates. Kansas Gov.

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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.

How Will Revised Tax Limits Affect Your 2022 Taxes?


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.

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Learning For Success in 2022 – International English


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.

8 Common Startup Tax Mistakes to Avoid


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. Taxes

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Tax Changes for Payment Apps: What Small Business Owners Need to Know


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?

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!

Financial Planning: One of the Best Employee Benefits Skagit County Businesses Can Offer


This past weekend’s NFL playoff games were maybe some of the best post-season games to watch in a long, long time… with some of the most unexpected outcomes. Who would have believed that all but one of the top teams from the regular season would be unseated from a Super Bowl trajectory?

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Sales Tax on Shipping: When Does it Apply?


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.

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Numerous Tax Limits Affecting Businesses Have Increased for 2022


Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business.

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Learning For Success in 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.

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

My Startup Got Our First Big VC Check. What Should I Do with It?


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. Accounting CFO Insights Financial Modeling Fundraising Uncategorized

Do You Need to File Personal and Business Taxes Separately?: A Small Business Guide


As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes.

Why CFO Services and Business Coaching Belong Together




Handling Sales Tax In-House: Job Market Challenges Continue


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%

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The First 90 Days: Onboarding Checklist

Connect with your people from day one with this development and engagement checklist.

Tax Obligations of Gig Workers


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.

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Finding Hidden Income in Divorce


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.

2022 Tax Deadlines for Startups


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. Taxes

Best FinTech Companies For Tax Management


We frequently discuss the impact of fintech companies on financial services, but taxation is frequently overlooked. Tax filing is an unavoidable requirement, and most people hire professionals to do their taxes for them to avoid any misunderstandings with the government.

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The #1 Cloud ERP Software to Manage Your Small to Mid-size Business.

From startup to enterprise NetSuite offers an ERP solution to help businesses scale and grow. With visibility and control when adaptability has never been more important, you’ll be able to streamline the right process and make smarter decisions, faster.