Sat.Jul 09, 2022 - Fri.Jul 15, 2022

article thumbnail

Applying the Research Credit Against Payroll Taxes

RogerRossmeisl

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax. This payroll tax election may influence some businesses to undertake or increase their research activities.

article thumbnail

What's new in 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. Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle.

tax 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Identifying the Ideal Investor for Your Startup

BurklandAssociates

A few years ago, I met a pre-seed founder, Angie, with an excellent MVP, a handful of customers, and the infectious passion and drive that excites me. Angie had domain Read More. The post Identifying the Ideal Investor for Your Startup appeared first on Burkland.

130
130
article thumbnail

CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data

Going Concern

On May 20 the Houston headquarters of R&D tax credit consulting firm Alliantgroup was raided by the IRS , in the weeks since we’ve had plenty of speculation about the whys and we’ve heard countless accounts from current and former Alliantgroup employees about the “evil, toxic, and emotionally damaging company” that employed them.

cpa firm 136
article thumbnail

The 5 Types of Hourly Workers: An HR Guide to Recruiting and Retention

All hourly workers want similar things, but when it comes to recruiting & retention, it helps to understand personal motivations. Download Paycor’s guide to learn how to find & keep the 5 types of hourly workers.

article thumbnail

Protecting your Business from Organized Crime

RogerRossmeisl

During the early stages of the COVID-19 pandemic, many cash-short small businesses turned to their banks, while others sought help from family and friends. Unfortunately, these sources weren’t enough in all cases. When government aid arrived, it was too late for some companies. For others, government loans and grants helped but didn’t fill the cash shortfall.

cpa 243
article thumbnail

Online selling the subject of recent judgments

TaxConnex

Several recent court cases show how tricky the legal system can be for online sellers managing sales tax obligations. Lack of energy. The Washington Department of Revenue upheld a retail sales tax assessment on a taxpayer who failed to collect retail sales tax on sales to a renewable energy company. The taxpayer claimed to believe that that the energy company qualified for the exemption, but the statute provides that the purchaser must claim the exemption by requesting a refund for retail sales

Wisconsin 240

More Trending

article thumbnail

Democrats introduce bill to provide free tax filing through IRS

Accounting Today

tax 121
article thumbnail

Do You Have to Pay Tax on Social Security Benefits?

RogerRossmeisl

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security benefits, the answer is: It depends. The taxation of Social Security benefits depends on your other income. If your income is high enough, between 50% and 85% of your benefits could be taxed.

tax 234
article thumbnail

15 Attributes of Top CEOs

Withum

This week’s Barron’s July 11, 2022 cover story is about the top two dozen CEOs. A criterion that has usually been used to identify the top CEOs was their company’s stock performance. With the stock market down this year, they needed to reach for other measures, and I think the following applies to most successful leaders. The article’s purpose was not to suggest stocks to invest in, but to identify key features of winning leaders.

article thumbnail

Optimizing a Company Tech Stack

Intuitive Accountant

Accounting firms can help their clients improve company tech stacks with integrated SaaS solutions and build a tech stack of their own for greater automation, efficiency and growth. Here's what you need to know.

article thumbnail

8 Sins of a Manual Reconciliation

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

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

article thumbnail

A more intelligent digital transformation for AP

Accounting Today

account 117
article thumbnail

Clients Want Actionable Data, Not Impossible-to-Parse Spreadsheet Dumps

Going Concern

We all have that one friend whose door is always open to us. This person has been with you through all the ups and downs, and uneventful middle parts between. You trust this person because they’ve never let you down, their advice is always solid. What if clients thought of you as that friend? What if when something happens with your client’s business you are the first one they think of to call?

article thumbnail

Client Accounting Services: What is CAS in Accounting?

Snyder

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. This turbulent time led to the rise in demand for client accounting services (CAS) – something that has been around for a couple of decades, but is coming into full swing only today.

account 105
article thumbnail

How Accountants Can Leverage the Power of Automation

Intuitive Accountant

By leveraging emerging technologies, accountants are able to conduct more strategic planning, analysis and execution. Jedox CEO Florian Winterstein dives into the results.

account 110
article thumbnail

Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

article thumbnail

IRS to test video visits with preparers to curb tax credit errors

Accounting Today

tax 115
article thumbnail

Introducing an improved Xero status page experience

Xero

When the products and features you use aren’t working as they should, we know it’s really important to be able to access information about what’s happening and why quickly. We’ve recently made some changes to the way Xero’s status page works for that reason, to ensure the information you receive is more consistent, accurate and valuable. Now, when you access Xero’s status page, things will look a little different in both how the information is grouped, as well as the content of the update itself

104
104
article thumbnail

Exit Opportunities: Quit Auditing and Start Influencing

Going Concern

£3,000 ($3,600) a month. That’s how much Tanvi Shah made in audit before she decided to quit Big 4 for good and make her social media side hustle a full-time gig. Insider has the details : Shah said that before giving up her corporate job, managing a side hustle felt like having a double life. She became aware that past managers were viewing her posts and that made her cautious. “It felt like I was Hannah Montana coming back from working and doing something completely opposite but I

audit 104
article thumbnail

Congratulations Diane Gilson – Insightful Accountant's 2022 ProAdvisor of the Year

Intuitive Accountant

Insightful Accountant announced the 2022 Category Award winners and the ProAdvisor of the Year at this year's 'Scaling New Heights.' Diane Gilson was named the 2022 ProAdvisor of the Year.

account 105
article thumbnail

Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

article thumbnail

Tax reform had little impact on curbing CEO pay practices

Accounting Today

tax 106
article thumbnail

25 stats show costs of inefficient AP processes.

Accountant Advocate Submitted Articles

It’s time to get serious about operational efficiency.

article thumbnail

Attn Firm Leaders: No One Wants to Work at Your Stupid, Ugly Office Park

Going Concern

Collaboration. Culture. Fancy new open offices. The occasional free sandwich. Firms continue their desperate attempts to lure people back into the office, not too aggressively though as they know if you push people too hard on remote work they will leave. To any firm leaders plotting your next “how can we get people back into the office” campaign who may be reading this, pay attention. r/accounting on the NYT article Lonely Last Days in the Suburban Office Park.

article thumbnail

The Power of Potential

Intuitive Accountant

People who spot potential in others can help strengthen the arc of their businesses. Business Training Works' Kate Zabriskie offers 10 steps you can use to plant the seeds for success one person at a time.

104
104
article thumbnail

Unleashing AI in Recruitment: The Ultimate Guide

Discover the power of AI in recruitment with Paycor’s complete guide. Learn how to streamline your hiring process, increase interview pipeline, uncover candidates other tools miss, and save time. Get ready to revolutionize your talent acquisition strategy today!

article thumbnail

IRS chief set to testify behind closed doors on Comey, McCabe audits

Accounting Today

audit 100
article thumbnail

The Gift That Keeps on Giving: How to Track Donations You Receive

Patriot Software

If you run a nonprofit, you already know that donations and grants are your bread and butter. You also know just how complicated tracking donations can be. Nonprofit organizations are required to know how to track charitable donations they receive and supply donors with the proper documentation for the donations they’ve made. Read on to […] READ MORE.

account 99
article thumbnail

Important business changes coming into effect after 1 July 2022!

Reckon

Seismic shifts are brewing across the Australian business landscape this year, and it would be prudent to get ahead of them. From prescriptive changes like eInvoicing mandates, superannuation guarantees, and plastic bag bans – to less palpable shifts such as inflation and energy costs, you should be getting your business ready to tackle these obstacles and opportunities now.

article thumbnail

5 Key Terms Clients with Inventory Should Know

Intuitive Accountant

With accurate inventory accounting, your clients can better analyze their stock and identify areas to cut costs and maximize profits. DEAR Systems show you how.

account 105
article thumbnail

Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

article thumbnail

What Do Payments Managed by eBay Mean?

Snyder

Since eBay’s migration to their own card processing and consolidated payment service is continuing progressively, eBay Managed Payments has become a hot topic for discussion among the sellers community. What does this transfer to managed payments mean for their sales rates and business flow? Will it affect the payment operations or fees and, if so, how?

article thumbnail

Limited Liability: A Shield for Your Business

Patriot Software

Running a business is always a risk. The risk of a lawsuit or bankruptcy can scare many would-be business owners before they even get started. These risks don’t have to affect you personally, but they may depending on how you structure your business. Limited liability protects an individual’s assets in the case of a lawsuit […] READ MORE.

account 99
article thumbnail

23 Accounting Security Tips to Keep Your Firm Secure

Ryan Lazanis

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Key Takeaways. Importance of why you must have accounting security for the safety of your business. Different cybersecurity threats you need to be aware of that your CPA firm may encounter.

account 98
article thumbnail

Fathom – A July 2022 Analytics/Reporting App

Intuitive Accountant

It is difficult to look at a month's worth of reporting and analytics apps without including Fathom in the bunch. The all-in-one reporter is an analysis and forecasting app you should consider.

98
article thumbnail

ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?