Sat.Sep 25, 2021 - Fri.Oct 01, 2021

What Happens if You Mess Up a Sales Tax Filing

TaxConnex

Last week we talked about all of the different filing frequencies and deadlines you have to manage with your sales tax obligation. If you missed that – check it out! But what happens if you accidentally miss one of those deadlines, or you didn’t realize your deadline had changed?

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Monthly SaaS Contracts vs. Annual

BurklandAssociates

How Much More Should I Charge Monthly SaaS Contracts? One of the most overlooked benefits of a subscription business model is the positive cash flow impact of having annual contracts Read More. The post Monthly SaaS Contracts vs. Annual appeared first on Burkland.

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3 Tips for Catching Up Your Books

xendoo

Falling a little behind in your books is no big deal. After all, you can always catch up tomorrow, right? But how many “tomorrows” in a row does it take before you lose control over your incoming and outgoing expenses? .

What Goes into a Fraud Damages Calculation?

RogerRossmeisl

At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not quite.

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Path to Becoming a CFO with Kelly Steckelberg, CFO at Zoom

Speaker: Jeff Epstein, Veteran Tech CFO, and Zoom CFO, Kelly Steckelberg

Join us for this very special conversation between veteran tech CFO, Jeff Epstein, and Zoom CFO, Kelly Steckelberg. The session gives us an opportunity to showcase the changes over time for CFOs, and draw comparisons between enterprise and fast-growing, early-stage companies.

Understanding Your Sales Tax Obligations as a Technology or Software Company - A Checklist

TaxConnex

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax.

Welcome Caitlin Wyatt!

SMBAccountant

You may have noticed a new name popping up on emails from our office in the last few months. That’s right, the SMB team has recently grown by another member, and we thought it was finally time to formally introduce her! Caitlin Wyatt joined the team this past July as a bookkeeper.

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California Main Street Small Business Tax Credit II Begins 11/1/21

RogerRossmeisl

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers.

Is The Employee Retention Tax Credit Right For Your Skagit County Business?

SkagitCountyTaxServices

There is a LOT of smoke emanating from Congress right now. As usual, with Congress, there are always rumors and mutterings — what matters is what is actually signed into law. And we’ll keep you up to date on what you might need to know.

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Central Bank Digital Currencies Can Cut Cross-Border Transaction Time 

PYMNTS

Central bank digital currencies (CBDCs) can dramatically reduce the time needed for cross-border payments to clear from days to mere seconds, while cutting costs in half, according to a Tuesday (Sept. 28) report from Reuters. .

Successful CEOs Never Stop Learning

GrowthForceBlog

8 min read. Whether you're operating as CEO of your own company or have been hired as CEO of an established business, congratulations on getting the top job- a major accomplishment in its own right. However, just because you've made it to the top position doesn't mean you've succeeded yet.

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Employee Safety During COVID-19: Compliance Toolkit

Stay compliant with Paycor’s COVID-19 Action Plan FAQs and templates toolkit.

Will you Owe Tax on Profits from Selling Your Personal Residence?

RogerRossmeisl

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020.

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Business Growth Calls for Preparations to Outsource

AccountingDepartment

Many businesses have in-house accounting departments because this was simply the norm for years past.

Visa Unveils Universal Payment Channel for Blockchain

PYMNTS

Visa is working on a universal payment channel project that connects blockchain networks to a variety of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs). As the company announced on Thursday (Sept.

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Tax Basis Method for Partnerships: The Transactional Approach

CTP

At the end of 2020, the IRS announced important changes to their compliance rules for partnerships. Starting with tax year 2020, partnerships must report their capital accounts using the tax basis method.

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Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

Is a Health Savings Account Right for You?

RogerRossmeisl

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs.

3 Common Hacking Techniques and How to Avoid Them

Withum

Articles

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White House Seeks Stablecoin Regulations

PYMNTS

The White House has singled out stablecoins for regulations that would be akin to the mandates that banks must follow, according to reports on Friday (Oct.

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Increasing Functionality with Cloud-Based ERP Systems

AccountingDepartment

Many larger and older businesses typically already have an ERP system in place. However, sometimes these systems were put in place before the internet and as you may have guessed, are severely outdated.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Tax Depreciation Rules for Business Automobiles

RogerRossmeisl

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined.

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Successful Entrepreneurial Journey with Founder of Harness Wealth

Withum

Podcasts

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Tradeteq, XinFin Team on Trade Finance NFT

PYMNTS

Tradeteq, which provides technology for trade finance asset distribution, has completed what it is calling the first nonfungible token (NFT) transaction based on trade finance, Global Trade Review reported.

IRS’s Draft 2021 ACA Reporting Forms and Instructions Incorporate Some Expected Changes, Omit Others

ThomsonReuters

Draft 2021 Forms 1094-B, 1095-B, 1094-C, and 1095-C; Draft 2021 Instructions for Forms 1094-B and 1095-B; Draft 2021 Instructions for Forms 1094-C and 1095-C. Draft Form 1094-B. Draft Form 1095-B. Draft Form 1094-C. Draft Form 1095-C. Draft B Form Instructions. Draft C Form Instructions.

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10 Pragmatic Guidelines to Inspire Trust in Your Accounting Firm During COVID Times

Speaker: Javier Goldin, Managing Partner at Goldin Group LLC

The accounting profession has been moving from transactional to advisory work. Advisory work is based on relationships and an ongoing dialogue. The pandemic has forced many firms into a remote environment. The implicit trust of a face-to-face interaction is gone. So how do you rebuild or reproduce that trust, key to a relationship, in a remote environment. Can it be done and if so how to best execute? Join Javier Goldin, Managing Partner at the Goldin Group, LLC, for this enlightening discussion on the elements of engendering trust.

Which are the Most Private Browsers?

RogerRossmeisl

As posted to the Naomi Brockwell YouTube Channel on 4/30/21 (Run Time: 8 min, 13 sec) In this informative video from her Privacy Series, Naomi Brockwell compares the most popular browser options available to help you make an informed decision as to which will work best for your personal situation.

Crain’s New York Notable Women in Accounting and Consulting Names Three Withum Team Members

Withum

News

Data Brief: 50% of Consumers Use Mobile Wallets to Send X-Border Remittances

PYMNTS

Cross-border transactions are picking up steam, especially amid the pandemic. As many as 32% of cross-border remittances are sent to friends and family in need. Nearly 41 million U.S.

Mazuma Launches Keep Going Podcast, $10,000 Giveaway for Business Owners

MazumaBusinessAccounting

A new podcast launch and a $10,000 giveaway—there’s no question that Mazuma USA has an exciting grand finale planned for their 10-year anniversary. On October 11, 2021, Mazuma will launch Keep Going , a podcast that shares the struggles, insights, and everyday triumphs of business owners.

Managing Security Issues with a Remote Workforce while Continuing to Grow Your Practice

Speaker: Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown

In this discussion, Jim Bourke, Managing Director Advisory Services at WithumSmith+Brown, will share his perspective on what he witnessed during this period of change – the good and the bad, and he’ll share some of the best practices for security and privacy in our space around technology and innovative advisory offerings in this new world.

The Tax Score of Winning

RogerRossmeisl

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune.

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Tax Wise Charitable Giving

Withum

There are many ways of donating to charities and getting a tax deduction. Here is a short list of some of them. Blogs

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UK Commercial FinTech Bank OakNorth Valued at $5B

PYMNTS

commercial FinTech OakNorth was valued at $5 billion following Indiabulls Housing Finance 's sale of a portion of its 40% stake in the startup bank, The Block Crypto reported, citing unnamed sources. Goldman Sachs acted as an advisor on the deal.

If I Was a King, This is How I’d Bridge the Great American Divide

RLLeaders

In the immortal words of Tom Petty, “It’s good to be king, if just for a while”. Great song, great line, and, although I’m a democracy guy, a fun idea every now and then. So, I’m going to give it a shot.

7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.