SMBAccountant

OCTOBER 21, 2020

There are certain expenses that a business incurs that the federal government does not reimburse. While these costs may be legitimate business expenses, the federal government may disallow a cost which means it cannot be reimbursed using the incurred costs rates calculated to reimburse costs for cost contracts. These costs may be considered unreasonable, or not is support of the government mission.

Government 246

Government general ledger Account accountant 246

RogerRossmeisl

OCTOBER 17, 2020

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs Act, these expenses aren’t deductible through 2025 if they’re considered expenses for the production of income. But they are deductible if they’re considered trade or business expenses.

CPA 244

CPA Tax 244

Bharmal&Associates

OCTOBER 23, 2020

S Corporation Owners – How Much Salary is the Right Amount? You likely formed an S corporation to save on self-employment taxes. If so, is your S corporation salary. nonexistent? too low? too high? just right? Getting the S corporation salary right is important. First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty.

payroll tax 147

payroll tax payroll income tax cpas 147

BurklandAssociates

OCTOBER 19, 2020

Burkland's Head of Marketing Kate Adams interviewed Amanda Robson, a Principal at Cowboy Ventures, about preparing your Series A pitch. Q: Is there anything you recommend startups to do before Read More. The post Develop a Winning Series A Pitch – Advice from a VC appeared first on Burkland.

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TaxConnex

OCTOBER 22, 2020

“Manufacturing” for sales tax purposes is often d efined as a physical application of materials and labor to change the characteristics of tangible personal property. Makes sense, but does that mean your business is exempt? Not so easy. E very state has nuances on how sales tax applies to the manufa cturing process and the various equipment and materials that are used and consumed.

Manufacturing 132

Manufacturing Sales Tax 132

RogerRossmeisl

OCTOBER 17, 2020

Forensic accountants have many tools to help them find evidence of hidden assets or fraud. But one of the most effective, particularly in divorce matters or legal disputes with former business partners, is using lifestyle analysis to find hidden income and assets. This method involves developing a financial profile of a subject and then examining mismatches between the person’s known resources and lifestyle.

forensic accounting 151

forensic accounting CPA Legal Account 151

PYMNTS

OCTOBER 19, 2020

Consumers across all age demographics have radically realigned their lives over the last eight months. To say that we aren’t quite the same people we were a year ago might seem overly dramatic. Still, the 2020 edition of the PYMNTS | Visa How We Will Pay consumer survey of a national sample of roughly 10,000 U.S. consumers confirmes that consumers, in fact, have changed.

Entertainment 132

Entertainment Retail Technology 132

Katz,Sapper&Miller

OCTOBER 21, 2020

With just weeks left until the 2020 election, a slew of tax legislation nearing expiration, and economic recovery from COVID-19 taking center stage, many are wondering how the presidential election outcome will affect the country’s tax landscape.

Tax 97

Tax 97

RogerRossmeisl

OCTOBER 17, 2020

Management consulting company McKinsey reports that synthetic identity theft is growing fast. In fact, it’s the fastest growing financial crime in the United States. And a LexisNexis Risk Solutions study has found that 20% of ID theft losses by banks can be attributed to synthetic versions of the scheme. If you’re unfamiliar with synthetic ID theft, you should know that it’s not — as its name might imply — a weaker, less “real” form of fraud.

Management Consulting 135

Management Consulting CPA 135

Withum

OCTOBER 21, 2020

Saturday, October 24th is the 75th anniversary of the United Nations. This is not about the United Nations. What I want to do here is share my personal experiences with the United Nations’ 10th Anniversary stamp issue in 1955.

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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.

PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. And starting in 2021, they will be able to spend their crypto caches with any of the 26 million merchants currently accepting PayPal.

Gaming 131

Gaming Start-ups Maine Government 131

AccountingDepartment

OCTOBER 17, 2020

Trying to find your footing in the virtual world? One of the latest challenges to befuddle business owners is comparing and choosing between virtual service partners. With not much more to go on that individual experience and the “snazzy” level of the website, it can be hard to feel confident that you’re putting your trust in the right place. With over 16 years’ experience providing services virtually, we’ve come to learn a thing or two about how to hire vendors virtually.

bookkeeping services 74

bookkeeping services bookkeeping Account accountant 74

RogerRossmeisl

OCTOBER 17, 2020

As posted to the Tony Seba YouTube Channel on 10/30/2019 (Run Time 31 min, 17 sec) Based on Tony Seba’s #1 Amazon bestselling book “Clean Disruption of Energy and Transportation” and “Rethinking Transportation 2020-2030”, this presentation lays out the key technologies (batteries, electric vehicles, autonomous vehicles), business model innovations (ride-hailing, transportation-as-a-service), how the technology disruption will affect existing companies and sectors (m

Technology 132

Technology Transportation CPA Finance 132

GrowthForceBlog

OCTOBER 20, 2020

The secret to profitability is two fold: the companies that are the most profitable have both a Human Capital Strategy and Financial Management Strategy. Building a high performing team helps you to maximize profitability and enables your business reach a new level of success.

accounting system 63

accounting system Account accountant accounted 63

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

PYMNTS

OCTOBER 19, 2020

Shopping is increasingly done remotely, but when it comes to luxury goods, appealing to high-end consumers requires personalized digital connections and a memorable experience, Zornitza Stefanova , founder and CEO of global luxury-shopping platform BSPK told PYMNTS. Whether that comes in the form of video, live chats or being on a first-name basis with a personal retail adviser, it’s all about personalization and the relationship. .

B2C 131

B2C Retail 131

Katz,Sapper&Miller

OCTOBER 22, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created multiple programs to assist healthcare providers in weathering the COVID-19 storm. And while the financial support has been welcomed by the industry, it introduced many new deadlines, rules, and reporting requirements. Here is a summary of what you need to know.

Healthcare 56

Healthcare 56

RogerRossmeisl

OCTOBER 17, 2020

Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others? Then you should be aware of the complex rules that apply to determine the tax rules for deducting software, whether you’re buying, leasing or developing. Purchased software Some software costs are deemed to be costs of “purchased” software, meaning software that’s either: Non-customized software available to the general public under a non

Tax 132

Tax CPA Sales cpa firm 132

AccountingDepartment

OCTOBER 19, 2020

Let's talk fear. Fear of costs, fear of information, fear of change. Businesses are often held back by fear in one or more of these areas. Sometimes it isn't the fear itself but rather the unknown on the other side that keeps you from moving forward. So today we're going to address some common fears we encounter on a regular basis.

Account 58

Account accountant accounted cost accounting 58

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Technology

PYMNTS

OCTOBER 19, 2020

American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. Coupa Pay, the Coupa B2B solution, will be available for customers of AmEx's virtual cards, in a move meant to streamline the old payment processes which the release calls "outdated, complex, and inefficient.". The move toward virtual cards comes with a rising demand for work-from-home solutions, more popular now during the pandemic.

B2B 127

B2B Business Spend Management Spend Management accounting and finance 127

Withum

OCTOBER 23, 2020

New York 98

New York Tax 98

RogerRossmeisl

OCTOBER 17, 2020

As posted to the Munro Live YouTube Channel on 10/9/2020 (Run Time 22 min, 38 sec) This video is an “abridged” version of a presentation given by legendary automotive engineer Sandy Munro in September, 2020. On Testa’s growing lead in technology, Sandy comments, “It is not the big that eat the small, but rather the fast that eat the slow” (This is Blog Post #905) Sandy Munro is an automotive engineer who specializes in machine tools and manufacturing.

CPA 132

CPA Manufacturing Technology cpa firm 132

AccountingDepartment

OCTOBER 20, 2020

Assessing accounting technology doesn't require a PhD in Information Tech and or a CPA license.

Technology 74

Technology Account accountant accounted 74

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PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. In an interview with Karen Webster, the European Banking Federation’s ( EBF ) Alexandra Maniati , Director of Cybersecurity & Innovation, said the European banking industry is, increasingly, embracing the cloud to pivot to new financial services and products across the Continent.

Technology 126

Technology E-commerce Government Retail 126

IgniteSpot

OCTOBER 22, 2020

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SkagitCountyTaxServices

OCTOBER 21, 2020

Oh, you thought I would tell you who I thought would win the presidential election? Nope, I’m not going there. I’m a tax professional though, and I’m not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about what to do for your Skagit County business is “wait and see” Here’s what I mean: history suggests that new presidents (if Biden wins, for example) will try to put their new tax policies through

Tax 75

Tax CPA tax preparation tax return 75

PYMNTS

OCTOBER 18, 2020

Plaid is denying that it has used TD Bank 's logo to dupe customers into sending information it could monetize, a report from The Globe and Mail says. Plaid said it’s also disappointed that TD Bank has filed a lawsuit against it in the case, saying Plaid's role in transactions is “made clear” to customers. Plaid's software includes helping popular apps like Venmo , Coinbase , Square and Stripe access bank and credit card info, and the company says they “have been working with TD for quite some t

New Jersey 124

New Jersey California accounting and finance Finance 124

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Finance

PYMNTS

OCTOBER 21, 2020

J.P. Morgan Chase wants in on small- and mid-sized (SMB) payments and is banking on no-fee QuickAccept to edge out FinTech rivals Square and PayPal, according to a Wednesday (Oct. 21) CNBC report. Using QuickAccept, SMBs can take payments through a mobile app or contactless card reader and get the funds instantly, with no fee. Square, for example, charges a 1.5% fee for instant transfers.

Sales 123

Sales Account accountant accounted 123

PYMNTS

OCTOBER 19, 2020

Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet. Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Once it hits a Windows PC, the malware hijacks the AppData directory to force the loading of malicious DLLs.

Hospitality 123

Hospitality Healthcare Account accountant 123

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. To that end, the banking giant J.P. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – and, by extension, the U.S. economy. As reported this week, J.P. Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Maine 122

Maine Sales Account accountant 122

PYMNTS

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. Ken So , founder and CEO of Flowcast , told PYMNTS that today’s $3 trillion worldwide SMB “credit gap” is narrowing because the criteria to secure loans are changing, and increasingly, embracing alternative data sources.

B2B 120

B2B Real Estate Hospitality Manufacturing 120

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"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.

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