TaxConnex
APRIL 1, 2021
Every state can apply tax exclusions on goods and services within their state. This means the good or service is non-taxable for all customers purchasing the item. However, there are further tax-exempt purchases. Tax exemptions can also be applied at the customer level as opposed to the product level. Exemption certificates generally fall into two categories: 1.
RogerRossmeisl
MARCH 31, 2021
The U.S. Department of Labor (DOL) recently issued EBSA Disaster Relief Notice 2021-01, which is of interest to employers. It clarifies the duration of certain COVID-related deadline extensions that apply to health care benefits plans. Extensions to continue The DOL and IRS issued guidance last year specifying that the COVID-19 outbreak period — defined as beginning March 1, 2020, and ending 60 days after the announced end of the COVID-19 national emergency — should be disregarded when calculati
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BurklandAssociates
MARCH 31, 2021
I’ve noticed something interesting popping up on podcasts, panels, and AMAs about the Fintech sector lately. Along with touchless payments and NFTs and direct lending bots, there is a more Read More. The post Consolidation is Coming: How to Play Fintech’s Next Phase appeared first on Burkland.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
TaxConnex
MARCH 30, 2021
When you think about tax compliance, of any kind, the first thing that comes to mind is filing, or even the tax return itself. Compliance with sales tax goes way beyond that. Here are some other aspects of sales tax that you shouldn’t overlook when trying to ensure your company remains compliant. Thinking Nexus is Static: Figuring out where you have nexus is key to determining your liability.
RogerRossmeisl
APRIL 2, 2021
All that glitters isn’t gold. This includes gold — and other precious metals, stones and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as drug trafficking and terrorism. But several U.S. laws and regulations target these international money-laundering operations. Good as gold Precious metals, stones and jewels make ideal vehicles for money laundering for several reasons: Ownership and control.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
MARCH 30, 2021
I’ve noticed something interesting popping up on podcasts, panels, and AMAs about the Fintech sector lately. Along with touchless payments and NFTs and direct lending bots, there is a more Read More. The post Consolidation is Coming: How to Play Fintech’s Next Phase appeared first on Burkland.
RogerRossmeisl
MARCH 29, 2021
April 15 is the deadline for the first quarterly estimated tax payment for 2021, if you’re required to make one. You may have to make estimated tax payments if you receive interest, dividends, alimony, self-employment income, capital gains, prize money or other income. If you don’t pay enough tax during the year through withholding and estimated payments, you may be liable for a tax penalty on top of the tax that’s ultimately due.
ThomsonReuters
APRIL 1, 2021
Torres v. Starbucks Corp., 2021 WL 964219 (M.D. Fla. 2021). An employee and another employee’s spouse sued the employer in this case in a proposed class action lawsuit, seeking damages and an injunction because the employer provided them deficient COBRA election notices. The employer filed a motion to compel arbitration, arguing that the lawsuit violated agreements that required individual arbitration of claims arising from the employer’s group health plan.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
inDinero Tax Tips
MARCH 31, 2021
Did you make extra money using your skills and experience on the side in 2020? Tax season is here. Did you remember to make estimated tax payments? Are you aware of all the tax deductions for your side hustle? According to the IRS, gig-workers, freelancers, or people with a side hustle are self-employed. Extra income earned may require additional tax payments throughout the year, otherwise known as estimated tax payments.
GrowthForceBlog
APRIL 2, 2021
5 min read. We know how technical you are. The details are critical. While you might have a grip on the kind of bookkeeping and accounting practices your engineering business needs for taxes and regulatory compliance, is your back office equipped to serve your business's goals?
ThomsonReuters
MARCH 29, 2021
If tax and accounting professionals have learned anything from the past year of the COVID-19 pandemic, it’s that our new ways of communicating are not going away anytime soon. What can your firm do to ensure that its virtual presence is keeping up with the new normal? In this episode of Pulse of Practice, “ Virtual Presence ”, Paul Miller, CPA from Business by Design , and I discuss the best practices for improving your firm’s virtual presence, so you can guarantee professionalism even while wor
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
AccountingDepartment
MARCH 31, 2021
The chart of accounts, or COA, is an accounting term that refers to the list of all the accounts used in the general ledger.
FraudFiles
MARCH 31, 2021
When a divorce or a child support issue is looming, it’s amazing how a quickly a closely held business starts “losing money.” I use quotes because such a situation is so predictable. One party wants to protect her or his assets, and when there is a business involved, the motivation to hide money can be stronger than usual. The types of businesses that can be prone to manipulation of the books include restaurants, retail stores, doctor or dentist offices, construction companies, auto dealerships,
ThomsonReuters
APRIL 1, 2021
QUESTION: One of our employees just lost her coverage under our dental plan when she went from full-time to part-time. Can she pay her COBRA premiums on a pre-tax basis through our cafeteria plan? ANSWER: Assuming she is still eligible to participate in the cafeteria plan as a part-time employee, your employee can pay COBRA premiums on a pre-tax basis.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
AccountingDepartment
APRIL 2, 2021
Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean. Often shortened to A/R or AR, accounts receivable constitutes the money owed to a business. In contrast, accounts payable is a reference to the money the business pays to other businesses and entities.
GrowthForceBlog
MARCH 30, 2021
7 min read. You know the drill- as a small business owner, you find yourself constantly juggling responsibilities (with what seems like no end in sight). It’s not uncommon to find yourself knee-deep in your back office, tackling different financial issues that have been thrown onto your plate.
FraudFiles
MARCH 27, 2021
In 2008, I started writing here about Milwaukee Public Schools (MPS) because the district was presenting the numbers in a dishonest way, complaining that they were underfunded. I was appalled that a school district could waste $1 billion a year and repeatedly say that they just don’t have enough money. Despite massive spending, the district has some of the worst educational outcomes in the country: For the 2018-19 school year (they didn’t produce any data for last year), MPS had 18.4
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
inDinero Tax Tips
MARCH 29, 2021
Sometimes, just for fun, we tax accountants love to quiz each other—and today you get a peek into our legendary sense of humor! So pop quiz…what do IRC Sections 1202 and 368(a)(1)(F) have in common? The answer—both of these tax code sections might save you some serious cash if you’re planning to sell your C-corp stock. The gist of section 1202. When you sell the stock of a C-corp, for more than you originally paid for it, you have a capital gain.
Withum
MARCH 29, 2021
GrowthForceBlog
MARCH 28, 2021
8 min read. We know what you’re thinking- another article about remote work. But this is different. We’re here to talk about a part of remote work life that most business owners overlook, and can’t correct until it’s too late.
KROST
APRIL 2, 2021
Pasadena, CA. – KROST CPAs and Consultants, the Los Angeles-based firm, has announced their co-sponsorship of the American Institute of Certified Public Accountants’ ( AICPA) Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship & Internship Program. This scholarship and internship program will benefit ethnically diverse full-time students pursuing an accounting degree.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
CTP
APRIL 2, 2021
Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in that carryback year might need to check those refunds twice. “Clients are receiving refunds particularly on more straightforward filings” of Form 1139, “Corporation Application for Tentative Refund,” Kirsten Wielobob of EY said June 26 during […].
Withum
MARCH 31, 2021
The top income tax rates have varied from 2% to 94% since the first United States income tax was instituted in 1862. Right now the top rate is 37%. There are some add-on federal taxes and payroll and state taxes that further increase the individual tax burden, but this article will concern itself with the top federal tax rates since the income tax started.
ThomsonReuters
APRIL 1, 2021
IRS Notice 2021-21 (Mar. 29, 2021); IRS News Release IR-2021-67 (Mar. 29, 2021). Notice. News Release. In response to the continuing COVID-19 emergency, the IRS has offered deadline relief for 2020 federal income tax returns that also extends the deadline for 2020 contributions to HSAs, IRAs, and certain other accounts. In addition, the relief extends the time for filing and furnishing certain retirement-related forms.
CapataCPA
APRIL 1, 2021
How to Handle a Self-Directed IRA Traditional and Roth IRAs are great tools to use for financial, estate, and retirement planning. One way individuals “turbocharge” their IRA’s performance is to use a self-directed IRA, which is able to hold alternative investments that offer potentially higher returns. Although this is a useful feature, there could be some tax-traps that have.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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