Sat.Oct 16, 2021 - Fri.Oct 22, 2021

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Understanding Your Sales Tax Obligations As an E-Commerce Business – a Checklist

TaxConnex

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Whether you’re selling tangible personal property or other taxable materials online, your sales tax obligations have changed considerably over the last few years with the introduction of economic nexus.

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Strategic HR for Startups: Wins to Focus on Right Now

BurklandAssociates

When it comes to HR and People Operations, you’ve probably enacted your first tactical steps around payroll and tax compliance in each state where you have employees. But have you Read More. The post Strategic HR for Startups: Wins to Focus on Right Now appeared first on Burkland.

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Matching Bank Feeds in QuickBooks

SMBAccountant

In QuickBooks Online and Desktop, the Bank Feed is a nifty tool for importing transactions directly from your bank. Each transaction that the bank processes will show up in QuickBooks for you to categorize into the proper Income, Expense, or Balance Sheet account. What happens when a transaction in your Bank Feed has already been recorded directly through QuickBooks, like invoices you added to Accounts Receivable or a bill you wanted to show in Accounts Payable?

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IRS Federal Tax Credits – Different Types of Tax Credits

MyIRSRelief

If you had the opportunity to receive a refund from the IRS or pay less tax legally than you thought you had to, would you take the opportunity or just let it pass you by? 9.9 times out of 10, you’d jump at the opportunity, and why wouldn’t you? Despite there being numerous ways of paying the IRS fewer taxes, and indeed, of claiming back taxes and expenses that you weren’t aware you could, it turns out that every year, countless US citizens across the nation pass up these very opportunities by f

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How to Respond to Sales Tax Notices

TaxConnex

You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. And without the right correspondence or adjustments due to these notices, you could be in hot water. These days, notices may arrive in snail mail, show up in your email inbox, or simply be posted to your account on the jurisdiction’s website.

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What is Tulipomania?

Withum

Tulipomania refers to a speculative bubble that took place in the 17th century Dutch Republic (today’s the Netherlands) that collapsed in February 1637. This was caused by the frenzied fury of Dutch investors buying tulip bulbs and pushing the prices higher and higher until, suddenly, the buying stopped.

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Keep Going: Tyson’s Story

MazumaBusinessAccounting

When Tyson Harvey offered to take over a skydiving center in Snohomish, Washington , there was only one problem—he had never been skydiving. Aviation is a staple in the Harvey family, who own and operate Harvey Airfield. “My whole life I have grown up on the airport,” Tyson says. But he admits he considered skydiving as an “aviation sideshow.” But when the owner of the Snohomish skydiving center became ill, the skydiving community begged the Harvey family to keep the oppo

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California Main Street Small Business Tax Credit II

KROST

In Late September 2021 Governor Newsome signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Small Business Tax Credit.

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Cheap Online Accountants & Financial Nightmares

IgniteSpot

Source: Twitter Like in the Tweet above, the word good often precedes the word accountant. That’s because many business owners find out the hard way how good accounting help can make or break a company. We caught up with seven real-life small business owners who hired the cheapest accountant available to them. Join us to hear how each story turns out.

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How to Handle a Tipped Employee and Their Pay

Patriot Software

As a business owner and employer, there may be times when your employees receive tips. But, does receiving a tip from a customer automatically make an employee a tipped employee? And if so, what are the laws, regulations, and requirements for tipped employees and their wages? Keep reading to learn more about how to handle […] READ MORE.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Why A Company Should Outsource Its Bookkeeping From the Start

AccountingDepartment

When starting or growing a business, a long list of tasks awaits you every day. Some of those tasks may be within your realm of expertise whereas others are complete unknowns. That means your schedule is a balancing act as you handle familiar work along with learning what you don't know, and if your budget doesn't allow you to hire full- or part-time help, you might be doing everything yourself.

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5 Steps to Help Nonprofits Run Better, Grow Stronger, and Raise More Money

GrowthForceBlog

5 min read. As a nonprofit leader, it's natural to want to focus 100% of your attention on your nonprofit's mission.

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Strategies to Reduce Employee Theft

FraudFiles

It might be hard to believe, but each and every day companies are losing money because they not only give employees opportunities to steal, they encourage it. How? By not providing adequate oversight. A clerk, for example, sees that an error in an account wasn’t caught by anyone. A purchasing manager notices that no one is watching over his vendor relationships, and won’t know it if he establishes a fake account.

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What You Need to Know About the Washington D.C. Paid Family Leave Program

Patriot Software

States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. Along with a number of states, Washington D.C. also started a PFL program in 2019. Read on to learn all there is to know about the Washington D.C. paid family leave […] READ MORE.

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Planning Your Restaurant's 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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Why Should a Company Make the Jump to Outsourced Accounting?

AccountingDepartment

In many companies, accounting comes as an afterthought. The main goal initially is to turn an idea into a profitable product. After a while, the business may add things like bookkeeping, collections, and financial statements out of necessity. Outsourced accounting services turn the piecemeal solutions that businesses may have added over time into a more efficient system that adds value by helping the business plan its growth.

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Early Retirement

CapataCPA

Early Retirement? 10 Steps to Get You There!When it comes to retirement, there is always a thought in the back of your mind saying, “how can I get there earlier?” Though some plan for traditional retirement, there is a vast majority that would love nothing more than to retire early to fully enjoy their golden. The post Early Retirement appeared first on CPA firm in Orange County, CA | CAPATA.

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DOL Proposes Amending Investment Duties Regulation to Counter Perception That ESG Considerations and Exercises of Shareholder Rights Are Disfavored

ThomsonReuters

Proposed Rule: Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, 29 CFR Part 2550, 86 Fed. Reg. 57272 (Oct. 14, 2021); Fact Sheet: Notice of Proposed Rulemaking on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (Oct. 13, 2021). Proposed Rule. Fact Sheet. The DOL has proposed amendments to its ERISA investment duties regulation to address concerns that the current regulation inappropriately discourages plan fiduciaries from

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What You Need to Know About Supplemental Wages

Patriot Software

Regular wages aren’t the only compensation you could provide to employees. You might also offer supplemental wages. Not sure what those are? Read on to learn what supplemental pay is and how it is taxed. What are supplemental wages? Supplemental pay is money that employees receive in addition to their regular wages. Supplemental wages include: […] READ MORE.

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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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AccountingDepartment.com Attends EO Alchemy 2021

AccountingDepartment

To round off this past week, AccountingDepartment.com Business Development Representative, Luke Backus attended the Entrepreneurs' Organization (EO) Alchemy event in Reno, NV.

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How Skagit County Businesses Can Raise Prices Without Losing Customers

SkagitCountyTaxServices

Are you watching your COGS these days? (I, ahem, hope you know what those letters stand for, because if not … well, then we should DEFINITELY talk. 360-424-1040 ). Has it gone up? You’re probably not alone given what kind of signals the economy is sending these days. In which case (and you’ve probably already thought about this), figuring out how to raise prices without losing customers is especially important.

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EEOC Updates Guidance on Employer Vaccine Incentives

ThomsonReuters

What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws (updated 10/13/21). Available at [link]. The EEOC has updated its previously issued guidance on COVID-19-related compliance issues under the Americans with Disabilities Act (ADA), the Genetic Information Nondiscrimination Act (GINA), and other federal employment nondiscrimination laws (see our Checkpoint article ).

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CalCPA BUZZ: Advocating for the Profession on National Scene

CalCPA

This month, California representatives on AICPA Council join CPAs from across the country in virtual meetings with members of Congress. The meetings are. The post CalCPA BUZZ: Advocating for the Profession on National Scene appeared first on Hot Topics.

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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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5 Powerful and Innovative Software Tools for Your Team

KROST

This is one of the articles in the KROST Quarterly Technology Issue, titled “5 Powerful and Innovative Software Tools for Your Team.” Today, more than ever, companies are looking for powerful tools to make decisions and drive innovation during these uncertain times. In some instances, innovation is needed to keep track of sales or tasks while working from home.

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets. I typically recommend reviewing three to five years of tax returns, but the further you can go back, the better the picture you will get of the personal or business finances.

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Court Dismisses Facility’s Claim Against Grandfathered Health Plan Due to Lack of Private Right of Action Under ACA

ThomsonReuters

Kindred Hosps. East, L.L.C. v. Local 464A United Food and Commercial Workers Union Welfare Serv. Benefit Fund, 2021 WL 4452495 (D. N.J. 2021). Available at [link]. A long-term acute care facility sued a welfare benefits fund after the fund denied coverage for a participant’s care and treatment at the facility because it was “non-covered.” Among other things, the facility requested a judicial declaration that the fund had to comply with the Affordable Care Act (ACA) essential health benefits req

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What Type of Accountant Does Your eCommerce Business Need?

xendoo

Running an eCommerce business can sometimes feel like a juggling routine. You’ll have to stay on top of your transactions, inventory, administrative fees, and more. Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. Managing your own books may seem like a cost-saving strategy, but many online merchants lack the time or expertise to stay up-to-date and in compliance.

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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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Withum Expands Advisory Practice with ESG Consulting Services

Withum

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Don’t Hesitate to Say Goodbye

RitaKeller

“When I go to a party, nobody says hello. But when I leave, everybody says goodbye.” – George Gobel. In working with CPA firms, I have observed that so many CPAs like to cling to work. You can’t keep growing and expanding your skillset if you keep doing the same things while still doing the familiar things. When you become a Senior, you have to leave much of your staff work behind.

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5 global trade trends impacting US importers and exporters

ThomsonReuters

The global trade landscape is always in a state of flux. Trade regulations, geopolitics, free trade agreements, sourcing trends, and even the latest WCO 2022 tariff schedule update all add to the complexity of trade compliance. That’s why it is critical for importers and exporters to stay up-to-date with new and emerging trade issues, so they can help their companies remain compliant and avoid potential fines, penalties, and reputational harm.

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Attracting Talent 101

ThomsonReuters

How do you attract top accounting talent? How do you find the candidates that will thrive in your firm and help your firm thrive? Start implementing these 4 tips into your hiring process and you will be able to attract the talent you’ve been looking for. . 1. Articulate Values . Candidates want to know your firm. What do you stand for? What do you value?

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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.