Sat.May 21, 2022 - Fri.May 27, 2022

Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever.

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Measure then Manage: Taking Control of Your Accounting Business

PANALITIX

RESOURCES / ARTICLES. Measure then Manage: Taking Control of Your Accounting Business. Panalitix is working with a US Accounting business which has grown rapidly in the past two years.

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Tax Issues to Assess When Converting From a C to an S Corporation

RogerRossmeisl

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax advantages over C corporations, there are some potentially costly tax issues that you should assess before making a decision to switch.

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Deloitte: Climate change will cost $178T by 2070

Accounting Today

Accounting Climate change ESG Deloitte

5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

Multi-channel selling sales tax: Wholesalers and Drop Shipping

TaxConnex

Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations.

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Our New TechCrunch Article on Remote Work Laws & Tax Guidelines for Startups

BurklandAssociates

Burkland’s Managing Director, Tax Practice, Ardy Esmaeili, CPA contributed an article to TechCrunch this month; Starting up remotely? Keep these labor laws and tax guidelines in mind. Our team has Read More.

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More Trending

AICPA names 2022 Outstanding Young CPAs

Accounting Today

CPAs AICPA

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It’s Official, the Only Way to Get a Decent Raise is by Leaving Your Firm

Going Concern

As public accountants pull the ripcord and bail out from their firms in droves for the greener grass of industry, government, and even the blissful quiet of unemployment so they can figure out what they really want to do with their lives there’s a lot of talk about the abandoned workloads being dumped on the fools loyal grunts who remain.

What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyderr

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now.

Issues to Consider After Your File Your Tax Return

RogerRossmeisl

The tax filing deadline for 2021 has passed. Now that your tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

IRS sent over $800M in potentially improper recovery rebate payments

Accounting Today

Tax credits TIGTA IRS Tax Tax relief

Former and Current Alliantgroup Employees Speak Out About ‘Evil, Toxic, Emotionally Damaging Company’

Going Concern

One thing I have learned since finding out about the IRS and the FBI conducting a court-ordered raid of Alliantgroup’s Houston offices last Friday morning is that there are A LOT of horror stories from ex-Ag employees about their experience working at the management and tax consulting firm.

Should I outsource my accounting and bookkeeping?

Basic 365

It can be hard to let go of any aspect of your business, especially if it is a small business that you have grown. Even accounting can be complicated because it is not one of the most exciting aspects of owning a business. In addition, it can feel like you are losing control of the numbers.

Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program

Anders CPA

A Missouri bill, HB 2400, could affect businesses across the state with several provisions impacting the R&D tax credit, Missouri Works program, the State and Local Tax Parity Act and more. The bill was recently voted on and now heads to Governor Parson’s desk for signature.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

IRS raids alliantgroup offices

Accounting Today

Tax credits IRS Tax

Friday Footnotes: EY Gets Extra Empathetic; Broke KPMG Partner Sues; Auditor Pay Cuts? | 5.27.22

Going Concern

Accounting Giant EY Created A Chief Wellbeing Officer To Uplift And Empower Their People [ Forbes ] EY investing in that empathetic leadership everyone loves so much.

New internet phishing alert!

Inform Accounting

New emails and letters appearing to be from employees of the Government Legal Department / Bona Vacantia Division are in circulation. Emails are being sent from bogus email addresses purporting to be from members of the Bona Vacantia Division. These emails are not from the @governmentlegal.gov.uk

Register for our Complimentary Webinar – Pro Forma – Projecting the Financial Future of Your Restaurant

KROST

Join us for our upcoming webinar Pro Forma – Projecting the Financial Future of Your Restaurant on Tuesday, June 21st at 10AM PST. During this session, industry expert, Derek Johnson, will discuss the current success rate of restaurants and the primary reasons they don’t succeed.

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by speeding up the month-end close and better managing your remote teams.

IRS upgrades 'Where’s My Refund' tool to track refunds for two years

Accounting Today

Tax refunds IRS Tax Charles Rettig

Give young accountants what they want

Accounting Insight

Two years of the pandemic disrupted how we work. It consolidated our digital dependence and showed many organisations their employees can work from anywhere there’s an internet connection.

The #1 Strategy to Eliminate Scope Creep

Ryan Lazanis

In this podcast episode, I shared my #1 strategy to combat scope creep and tips on how you can create a system to eliminate it in your firm. Listen below. 1:08 – Scope creep can cause disagreements with clients if you try to charge for out-of-scope work.

Connecting Timekeeping with Practice Management for Law Firms

KROST

Pasadena, CA. KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more.

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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.

IRS changes guidance on EITC

Accounting Today

Tax credits IRS Tax Tax relief

Go Through This Termination Checklist Before Bidding an Employee Adieu

Patriot Software

Here’s a number for you: 47.2%. That was the 2021 annual total separation rate (aka the number of total separations as a percent of annual average employment). And here’s one more number for you: 4,258,000. That’s the number of employees who quit their jobs in January 2022.

AccountingDepartment.com Attends VETS'22

AccountingDepartment

Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium 2022 (VETS'22) in Orlando, Florida.

Cities Struggle to Adapt to Increase in Remote Workers

CPA Practice

Nationally, people were working remotely about 39% of the time as of April, after peaking at around 62% in mid-2020 at the height of coronavirus pandemic-related closures, according to a national survey by the University of Chicago and three other. Payroll

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Live Demo: Supercharge Your Month-End Close

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

Finance leaders preparing for tax changes

Accounting Today

Inflation Tax planning Machine learning ESG Tax

Don’t Cut That Check! Your Guide to Referral Bonus Payouts Has Arrived

Patriot Software

Found the best new hire thanks to an employee referral? Great! Next on the agenda is paying out the referral bonus to the referring employee. But, how you pay out referral bonuses depends on your policy.

The Growing Need for Cannabis Business Valuations

Withum

As the legalization at the state level continues to increase, the need for business valuation is increasing.

For Simple Bookkeeping, Consider Going With the Cash Method

Patriot Software

Forty percent of small business owners agree that bookkeeping (the process of recording transactions) and taxes are the worst part of the job. Although it might be taxing (no pun intended!), bookkeeping is a key part of business. But, that doesn’t mean you have to make things unnecessarily difficult.

Airbase Presents: Off the Ledger LIVE! — Small Teams. Big Impact.

Speaker: Panel Speakers

Airbase invites you to virtually join our inaugural one-day conference inspired by, and in support of, Off the Ledger — a Slack community of over 3,300 finance and accounting professionals. Learn how your finance teams, big or small, can have the greatest impact.