Sat.Oct 22, 2022 - Fri.Oct 28, 2022

Tricky items for sales tax (Part 3)

TaxConnex

Our Halloween-month look at tricky items concludes with a natural: candy. Consumers are expected to spend more than $3.1 billion on candy this Halloween.

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9 Fun Halloween Costume Ideas for Accountants in 2022 | Canopy

Canopy Accounting

Need the perfect costume for your office Halloween party? Don’t worry, we’ve got you covered. If it’s for a work party, it could be fun to show up dressed in an accounting-themed costume. Check out these costume ideas here: Featured

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Know Your Customer: Who Are You Really Doing Business With?

Patriot Software

Take a step back and think about this: How well do you really know your customers? If you’re in a business that involves money, such as a bank or insurance agency, it can pay off to do your due diligence when it comes to your customers.

But Who’s Counting? Episode 14: What Not-for-Profits Should Know Before Accepting Digital Assets as Donations

Anders CPA

Although some of the hype around cryptocurrencies has leveled over the last year, it’s clear that digital assets are here to stay, and the not-for-profit industry should understand how this impacts them. In this episode of But Who’s Counting?, David E.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

E-File vs. Paper File: The Advantages and Disadvantages You Must Consider

Patriot Software

In this digital era, it may seem surprising that there is an option to file a paper tax return. But before you kick the idea of paper filing to the curb, consider the advantages and disadvantages of e-File vs. paper file below.

Don’t Let Tax ID Thieves Steal Your Refund

RogerRossmeisl

Any form of identity theft can be costly, unsettling, and take months — sometimes years — to fully recover from and repair. But tax-related identity theft can be particularly disturbing because it involves the IRS, about which many people already harbor suspicion and anxiety. Although the IRS has taken significant steps in recent years to help minimize the occurrence of tax-related identity theft, this type of fraud continues to occur. Here’s how to avoid becoming a victim.

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Avoiding Layoffs: Alternatives to Workplace Reductions

GrowthForceBlog

11 min read. In September 2022, the U.S. economy added 263,000 jobs, and the unemployment rate shrank to 3.5% [1]. These optimistic numbers have made some economists hesitate to call the country's economic situation a recession. Key Takeaways.

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Art of Accounting: A talk with two 'Sons of CPAs'

Accounting Today

Client strategies Practice management Ed Mendlowitz CPAs Compensation

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The Pros and Cons of Outsourcing in 2023

GrowthForceBlog

7 min read. The rise of modern technology and cloud computing has streamlined and simplified the process of business outsourcing. Key Takeaways.

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The Future of the Dealer Franchise

RogerRossmeisl

As posted to the Bellavia Blatt YouTube Channel on 9/30/22 (Run Time: 17 min, 52 sec) With automakers speeding toward electrification, many are more than hinting at a new distribution model for those electrified vehicles involving customers ordering vehicles online. Are dealers at risk of being cut out of the sales process?

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!

FTB Audit Representation by California State Taxing Authority

MyIRSRelief

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California.

How to Build Monthly & Yearly Budget & Forecasts with Power BI

Acterys

If you’re a finance manager or CFO, you know how important it is to have a clear and accurate picture of your company’s budget. After all, the budget is what allows you to make key decisions about where to allocate your resources and how to maximize their utilization.

What was new in September for state sales and use taxes

TaxConnex

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. Inflation bites.

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IRS hires 4,000 employees to help with next tax season

Accounting Today

IRS Tax Charles Rettig Tax season

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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.

California State FTB Audit Representation

MyIRSRelief

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California.

Some High Level Folks Have Abruptly Left BDO and No One Seems to Know Why

Going Concern

People who know know there’s something happening at BDO USA. We are working on getting to the bottom of a few things that we can’t quite share with you until we have more information but in the meantime, we need to talk about how leadership is apparently getting axed — or leaving?

Privacy

Acterys

Introduction. This notice applies to all Power BI visuals that we provide. For the purpose of this notice, we’ll just call them our ‘services’. When we say ‘personal data’ we mean identifiable information about you, like your name, email, address, telephone number, bank account details, payment information, support queries, community comments and so on. If you can’t be identified (for example, when personal data has been aggregated and anonymized) then this notice doesn’t apply.

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IRS to require speech recognition to reach Practitioner Priority Service

Accounting Today

Tax preparers IRS Tax

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!

HR Checklist for Startups

BurklandAssociates

Reference Burkland’s HR checklist for startups to know when you should be building and growing your people programs, policies, and procedures. The post HR Checklist for Startups appeared first on Burkland.

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EY Israel Has Rejected the Split

Going Concern

Financial Times is reporting that EY Israel is joining EY China in rejecting the proposed split of audit and consulting services. “From our point of view in the Israel business, the split will not create benefits,” said EY Israel Managing Partner Doron Sharabany to FT.

What Are the Types of Revenue Small Business Owners Need to Know?

Patriot Software

To keep business operations running smoothly, you need incoming money. When you make a sale or earn money from another activity, you need to record it. Learn how to record the types of revenue in different accounts. That way, you can keep your accounting books updated, organized, and legal.

Caterpillar's 15-year tax saga ends with $740M IRS settlement

Accounting Today

Corporate taxes IRS Tax Tax avoidance Tax-related court cases

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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!

Canopy Wins G2’s Fall Implementation Award | Canopy

Canopy Accounting

Get your drum rolls out and start drumming: Canopy’s Practice Management software for accounting firms just won a G2 Fall 2022 badge for Most Implementable! If you’re wondering what this means or whether or not it’s a big deal, think of it this way: For human beings, it’s the Nobel Peace Prize.

Another Deloitte Survey Says ‘Purpose’ is Just as Important as Pay (Yeah Right)

Going Concern

Deloitte pushed out some survey results this week that confirm what leaders have been telling themselves ever since the first Millennials entered the workplace at the turn of the century: ‘purpose’ is just as important as pay. Sure, guys. Sure.

Assets Definition, Types of Assets, and More

Patriot Software

Over time, your small business gains assets when you purchase items that bring value to your company. These assets are an essential part of your business that can help generate revenue and increase your business’s value. So, what are assets? What are assets?

IRS and AICPA call for crackdown on bogus Employee Retention Credit claims

Accounting Today

Tax credits IRS Tax fraud Tax AICPA

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

Accepting Payments on Etsy with PayPal and its Alternatives

Snyder

When you’re an e-commerce business owner, setting up your online store with Etsy sounds like a great option for creating an additional revenue stream, with over 96 million active buyers across the world purchasing goods on the platform.

EY Reminds Us That Audits Provide ‘Reasonable Assurance,’ Not a Guarantee That Billions of Dollars Aren’t Hidden From the Balance Sheet

Going Concern

The NMC Health collapse of 2020 is still haunting EY UK, this time in London High Court as NMC administrators accuse the firm of failing in their duties and not noticing “one of the biggest frauds ever alleged at a FTSE 100 company.”

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What Is Inventory?

Patriot Software

Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory?

Accountants worried over economy and inflation

Accounting Today

Economic indicators Inflation ACCA Accounting IMA

The First 90 Days: Onboarding Checklist

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