TaxConnex

JUNE 10, 2021

Your sales tax obligations start with whether or not you have sales tax nexus. Without it, you have no obligation to collect and remit sales tax to specific taxing states or jurisdictions. Your sales tax nexus is determined by either a physical or economic presence within a taxing jurisdiction. Most businesses have somewhat of a grasp of their physical presence, after all, it was the standard for sales tax obligations for over 50 years.

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South Dakota Missouri Tax Sales 242

AccountingDepartment

JUNE 11, 2021

An income statement is a critical financial statement for reporting a business's financial performance. It can also be referred to as a revenue and expense statement.

financial statements 92

financial statements Account accountant accounted 92

RogerRossmeisl

JUNE 10, 2021

Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a costly error. It can be complex to determine whether a worker is an independent contractor or an employee for federal income and employment tax purposes.

payroll tax 246

payroll tax payroll CPA Tax 246

BurklandAssociates

JUNE 9, 2021

Customer Success costs are a drag on a startup's Gross Margins, but much less of a drag than losing customers. The post SaaS Customer Success: Gross Margin vs. Churn Trade-Offs appeared first on Burkland.

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Account accountant accounted 130

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TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates. Biggest news: Missouri will likely soon join fellow holdout Florida in establishing economic nexus requirements. (They were the last two states with a sales tax to set up such requirements.).

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Sales Tax Arkansas South Carolina 143

ThomsonReuters

JUNE 10, 2021

What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws (May 28, 2021). Available at [link]. The EEOC has updated its guidance on COVID-19-related compliance issues under the ADA, GINA, and other employment laws. In addition to modifying and expanding earlier guidance on employer vaccination programs, the updated guidance adds six Q&As addressing ADA and GINA considerations for employer-provided COVID-19 vaccination incentives for employees and their fami

Tax 98

Tax Account accountant accounted 98

xendoo

JUNE 6, 2021

Ecommerce is booming. Total revenue will reach nearly $4.6 billion in 2021 and grow at an annual rate of 4.6% over the next five years – reaching $5.6 billion by 2025. It’s easy to see why owners of small and medium businesses are asking themselves how they can get a piece of the eCommerce pie. One popular option—the Amazon small business marketplace. .

bookkeeping 98

bookkeeping Tax Legal Sales 98

AccountingDepartment

JUNE 9, 2021

Kitti Crawford is our Staff Success Ambassador at AccountingDepartment.com and her main function is to assist our new and tenured staff members with training as they grow into their roles here at ADC. Kitti has been with us since 2006 and has been excelling in her current position for the past 4 years. When Kitti was preparing to start college, she had three career paths that were under strong consideration to pursue.

Maine 97

Maine Account accountant accounted 97

ThomsonReuters

JUNE 10, 2021

Gorman v. Acteon Networks, LLC, 2021 WL 2156359 (E.D. Pa. 2021). Available at [link]. As part of an employment discrimination lawsuit, a former employee claimed that her employer improperly discontinued her medical benefits in violation of COBRA. The employer asked the court to dismiss the claim, arguing that it did not have enough employees to be covered by COBRA.

payroll 98

payroll Tax Account accountant 98

RogerRossmeisl

JUNE 7, 2021

The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to potential fraud signs. Unethical employees and organized crime gangs have only been too willing to take advantage of the situation. Consider conducting a targeted risk assessment that focuses on the changes that have occurred since the pandemic began.

CPA 246

CPA 246

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.

CTP

JUNE 8, 2021

This week’s blog focuses on a loophole to the $3,000 deduction on capital loss losses. Businesses don’t always go as people hope they will. Unfortunately, in the last year we’ve seen a lot of struggle. Many businesses in specific industries, including food and entertainment, have had to close their doors. For business owners and entrepreneurs, […].

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Entertainment 92

GrowthForceBlog

JUNE 8, 2021

8 min read. In Texas, the size of our state is only matched by the amount of caring and concern in our hearts for those in need. For proof, look no further than the state’s thriving nonprofit sector.

Texas 89

Texas Account accountant accounted 89

AccountingDepartment

JUNE 5, 2021

Whenever you operate a small business, you need to know little something about the basics of bookkeeping. A little understanding of bookkeeping can ramp up your business operations. Bookkeeping is the recording and organizing of a company's financial transactions and with the right bookkeeping tools, you'll be better able to plan for your company's own profits.

bookkeeping 80

bookkeeping bookkeeping services Account accountant 80

Withum

JUNE 7, 2021

Selling your business could be the most important decision of your career. If you want to buy a business, that could be the most important decision of beginning your career. Either way there are things you should know about the process. I will be presenting a Free webinar on each process.

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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

Technology

LyfeAccounting

JUNE 9, 2021

We think it’s clear by now that the prices of cryptocurrencies like Bitcoin can have major swings. It wasn’t too long ago that Bitcoin and other coins dropped over 30% and caused quite a panic. But instead of panicking during big price drops, what if we told you that you could actually use these swings to your advantage? That’s right! While everything is on fire, you can actually leverage losses in crypto in ways that even your typical stock investors cannot.

Tax 59

Tax tax preparation accounting and finance Sales 59

GrowthForceBlog

JUNE 10, 2021

4 min read. We’ll cut to the chase: if you aren’t monitoring the trends in your business by tracking your Trailing Twelve Months, you are missing out on key insights that could make a profound impact on your business.

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AccountingDepartment

JUNE 7, 2021

The utilization of outsourced accounting services is ramping up now that many companies are relying more heavily upon technology, working from home, and overall improving their efficiencies as a whole. Having that in-house accounting team is the traditional way to handle business and to many, just makes sense. But, there are a few reasons as to why making the switch to outsourced accounting is becoming more popular in business.

Account 53

Account accountant accounted Technology 53

Withum

JUNE 9, 2021

The Drama Book Shop reopened today in a new location on West 39th Street. If you are in show business, this is somewhat of a big deal.

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Technology

LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Keep reading! So, this is a really important post because, it’s not just about avoiding paying taxes, it’s about developing a new mindset that will allow you to build long-term wealth.

Legal 59

Legal Tax income tax Real Estate 59

CapataCPA

JUNE 11, 2021

Why Do So Many Businesses Use Outsourced CFO? There are many benefits to outsourcing the Chief Financial Officer (CFO) role, especially if you own a small business. An outsourced CFO ensures you are getting the same expertise from a CFO even if you may not have the financial resources to retain or support a full-time. The post Outsourcing Your CFO appeared first on CPA firm in Orange County, CA | CAPATA.

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cpa firm CPA Account accountant 52

FraudFiles

JUNE 11, 2021

CPAs doing traditional tax and auditing services are often looking for other streams of revenue to fill in the gaps outside of busy season. Litigation support work might be a great fit for them. Attorneys are always looking for expert witnesses with certain areas of expertise, and accountants doing general work might be a good option. What is your focus?

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cpas audit Tax Account 52

ThomsonReuters

JUNE 10, 2021

CPA firms are understandably exhausted after the past year, however, there is a tremendous opportunity for the accounting profession to reflect, reset, and energize staff with a fresh perspective infused with learnings from the 2020 tax season. In the latest episode of Pulse of the Practice, “ A Conversation with Carrie Steffan ”, Paul Miller, Owner of Business by Design , and I discuss how to inspire and mobilize CPA firm staff in the year ahead with insight from Carrie Steffen of The Whetston

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cpa firm CPA Tax Account 52

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Technology

LyfeAccounting

JUNE 11, 2021

How to pay yourself in an S-Corporation? According to the IRS, you need to pay yourself a reasonable salary. But what in the world is a reasonable salary? And shouldn’t you want to pay yourself the highest salary possible? Like, why is this a thing? Well, it’s a thing because by paying yourself a very low salary in an S-Corporation, you are effectively lowering the amount of taxes you pay.

Non-Profits 52

Non-Profits payroll Tax payroll tax 52

AccountingDepartment

JUNE 9, 2021

When you start a small business, you first need to decide upon an "entity type." The entity type of your business is going to matter -- a lot. It determines how your business is structured and owned and (maybe more importantly) how it's taxed. Let's take a look at the entity types and what they mean for you.

Tax 52

Tax Account accountant accounted 52

KROST

JUNE 9, 2021

With all the pivots that our industry has been forced to make in the last 18 months, the biggest one is now upon us. Restaurants are always stiffly hesitant to raise their menu prices, believing that this will decrease their guest visits. I will make the argument that the restaurant experience is much more complicated than just pricing on a menu. The atmosphere, the service, the ease of access, and the quality of food and beverage all contribute to the overall experience and satisfaction of the

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California Florida Texas Hospitality 52

ThomsonReuters

JUNE 10, 2021

Luense v. Konica Minolta Business Solutions U.S.A., Inc., 2021 WL 2103231 (D. N.J. 2021). Available at [link]. A federal trial court has dismissed portions of a putative class action lawsuit brought by participants in a 401(k) plan alleging that various individuals and entities violated their fiduciary duties relating to investment fund selection. The participants sued the plan sponsor, the sponsor’s board of directors and its individual members, the plan committee and its individual members, a

Tax 52

Tax Account accountant accounted 52

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LyfeAccounting

JUNE 9, 2021

So you decided to move forward with your business idea…. Whether that’s selling products online, being a consultant, investing in real estate, or being a 1099 contractor. You decided that becoming an LLC was the best option. That way, you have limited liability in case someone decides to sue your business. And, your personal assets are not in jeopardy.

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Rhode Island Nebraska Iowa Nevada 52

Baruch Lev

JUNE 6, 2021

A colleague opens his MBA finance class by asking the students: “Who would invest in a company which reported 10 consecutive years of losses?” Some of the students wonder whether they are in the right class, and no hands are raised. The instructor continues: “Too bad, if you had invested in such a company, say Amazon or Tesla, you would have been a billionaire by now.”.

international accounting standards 52

international accounting standards accounting and finance accounting standards Technology 52

FraudFiles

JUNE 7, 2021

A little tounge-in-cheek take on committing fraud at work. No, I don’t really want you to commit fraud against your employer. I’m just trying to illustrate some of the red flags of fraud. If a fraud is worth committing, it’s worth committing right. A little extra effort in the commission of a fraud can go a long way toward profiting from it as long as possible.

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auditor Start-ups payroll tax payroll 52

ThomsonReuters

JUNE 10, 2021

QUESTION: We understand that the Women’s Health and Cancer Rights Act (WHCRA) requires our plan to cover reconstructive surgery following a mastectomy. Can we impose limitations on the plan’s reimbursement of services performed by an out-of-network provider? ANSWER: Although WHCRA requires group health plans that provide medical and surgical benefits for mastectomy to also provide certain additional mastectomy-related benefits, including reconstructive surgery, it specifically provides that co

Tax 52

Tax Account accountant accounted 52

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