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Much has changed in the consumer startup market over the last couple of years. For one, SaaS enterprise investors who had dipped their toes into the consumer space are now Read More. The post Taking a Look at Alternative Financing Options for Consumer Startups appeared first on Burkland.
By Dominique Molina, CPA MST CTS. Visit social media or google these days and you’ll most likely see advertisements for Tax Planning. But many taxpayers (and even tax pros) are confused about the differences between tax planning and tax preparation. In fact, the average taxpayer most likely believes they are already getting this service from their tax advisor.
Businesses have heard a lot about economic nexus over the past few years. But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. It can be physical in the form of one of your offices actually being in a state or other tax jurisdiction.
Withum is excited to share that Chris Mangano will be joining the Firm’s Business Development team as a Strategic Alliance Executive. With over 30 years of experience in IT, Chris specializes in solving client challenges with innovative, long-term solutions. At Withum, he will develop and host workshops for clients to ensure comprehensive education on the Firm’s services.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
What is revenue recognition? When do you recognize revenue in your reports, statements, and forecasts? Ideally, customers pay for products or services at the time of purchase, and the company gets to record those earnings. But there are situations where a seller takes time to deliver the goods. For full revenue recognition, the revenue-generating activity (e.g., a sale) must be fully or essentially complete for it to count as revenue during a given accounting period.
A virtual accountant is simply an accountant who works online. Rather than working in your office or being outsourced locally, a virtual accountant is available through online communications. By working online, virtual accountants provide complete, boutique accounting services on demand.
TaxConnex™ is excited to announce that for the second year in a row, their customer survey revealed a Net Promoter Score (NPS) score of 81. As defined by Qualtrics , Net Promoter Scores are based on one survey question – “How likely is it that you would recommend this company to a friend or colleague.” Respondents give a rating between 0 (not at all likely) and 10 (extremely likely) and, depending on their response an NPS score is calculated from -100 to 100.
TaxConnex™ is excited to announce that for the second year in a row, their customer survey revealed a Net Promoter Score (NPS) score of 81. As defined by Qualtrics , Net Promoter Scores are based on one survey question – “How likely is it that you would recommend this company to a friend or colleague.” Respondents give a rating between 0 (not at all likely) and 10 (extremely likely) and, depending on their response an NPS score is calculated from -100 to 100.
At Withum, we are fortunate to have over fifteen talented women on our Construction, Architecture and Engineering Services Team across the U.S. Our team ranges from Staff Accountants, Managers, to Partners and together help AEC based companies navigate complex business challenges, whether tax, accounting, advisory or technology-driven. In honor of Women in Construction Week, Conor Barnes , Sherry Goode , and Emily Dudek , team members of Withum’s Construction and Architecture & Engineering t
Zelle is a popular money transfer app, in large part because it doesn’t charge fees to move money. But fraud is happening there, and banks aren’t giving the money back to defrauded consumers. If you send money to the wrong recipient, good luck getting it back. You cannot recall a transaction and the bank will not reverse it for you. You’re left hoping the person who got the money does the right thing and sends it back.
Are you struggling to find someone who can manage your accounting department functions? Not sure which program to consider or switch to? What is the best strategy for preparing your business finances?
7 min read. If an aspiring business owner decides to purchase a franchise, they open for business with a complete corporate handbook on how best to run and build the business.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Strategic plans for businesses are critical if they want to grow. Likewise for Not-for-Profit (NFP) organizations, however there are some differences. Businesses have a profit motive, while most NFPs are mission- and service-oriented. Here is a template for the start of a strategic plan for an NFP. Reaffirm the organization’s mission Identify the community that is being or will be served Determine if the community can be expanded Identify community needs and how they are not at present being met
By Dominique Molina, CPA MST CTS. Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize their tax burden both in the short term and over time. This often requires working in advance , before the end of the year, to identify and evaluate solutions and implement them. We’ll discuss five of the main strategies for legally lowering your clients’ tax burden.
A source just sent us this statement from KPMG International that says its member firms in Russia and Belarus will be leaving the KPMG network: “We believe we have a responsibility, along with other global businesses, to respond to the Russian government’s ongoing military attack on Ukraine. As a result, our Russia and Belarus firms will leave the KPMG network.
One of the most cost-effective ways to improve your organization's performance is to start recognizing –– and rewarding –– your employees' great work. According to Quantum Workforce , when employees believe their efforts will be recognized, they are 2.7X more likely to feel highly engaged at work. That's important because a meta-analysis from Gallup reveals that high employee engagement leads to: 41% lower absenteeism 17% higher productivity 24% less employee turnover in high-turnover organizati
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Withum is excited to announce that Travis Loomis will join the Firm to spearhead Operations and Supply Chain Consulting, a new service under Transaction Advisory. With over 10 years of experience in supply chain and M&A consulting, Travis specializes in operations strategy, process design and improvement, supply chain optimization, merger integration management, and data analytics.
It may be one of the oldest digital technologies in existence, but there’s no denying that the business and accounting worlds still heavily rely on email. The incredible power of email lies in the fact that it’s fast, free, and accessible to practically anyone. Unfortunately, this is also its greatest downfall, as the internet is now drowning in the weight of its most overused application.
‘Big Four’ Targeted Again in U.K.—PwC Becomes Latest Subject of Investigations [ Bloomberg Tax ] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. tax authority into historic audit failures by the “Big Four” firms, and discusses the prospects for success of proposed major reforms to the audit regime. The I.R.S. plans to hire 10,000 workers to clear a tax return backlog. [ New York Times ] The Internal Revenue Service said on Thursday that it plann
Are you overwhelmed with filing sales tax returns for your business? What if I told you there was a way to maintain complete compliance with sales tax filings without spending hours each month going through reports? Sounds pretty good, doesn’t it? Many businesses struggle to accurately report sales tax in their business, especially as the business begins to grow and expand into new states.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Volatility in the supply chain is a given in today’s pandemic-disrupted economy. From vodka distilleries transitioning to hand-sanitizer to a single cargo ship halting worldwide shipments, companies are consistently dealing with supply chain challenges and rethinking how they get the supplies to operate their businesses. In this shifting economy, businesses are ordering higher levels of inventory and paying for it sooner.
Happy International Women’s Day , everyone! Yes, even you men. Actually, especially men. We’re counting on you all to lead the way and set a good example for those among you who may not have gotten the memo that women contribute so much more to society than clean dishes. Even something small like recognizing the achievements of your female coworkers or not talking over women in meetings makes a difference.
QUESTION: Our company is considering offering COVID-19 testing and vaccinations to employees at our offices. Will this arrangement be considered an ERISA plan? ANSWER: Whether a program offering COVID-19 testing, vaccinations, or both is subject to ERISA depends on how it is structured and how it operates. In general, an arrangement is an ERISA welfare benefit plan if it is a plan, fund, or program established or maintained by an employer to provide ERISA-listed benefits (including medical ben
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Interesting article from CPA Practice Advisor on Ukraine Tax Authority’s position to pass on captured spoils of war. Spoils of War? Ukraine Says No Taxes Due on Captured Russian Tanks. Isaac M. O’Bannon – March 3, 2022, CPA Practice Advisor. “Have you captured a Russian tank or armored personnel carrier and are worried about how to declare it?
The Washington State Superior Court on March 1, 2022 overturned a new law enacted last year to tax capital assets. The capital gains tax took effect on January 1, 2022. The Washington State’s Capital Gains Tax imposed a single tax rate of 7% would apply to all levels of such income that exceed the standard deduction of $250,000. This tax was set to apply to only individuals.
[UPDATE] PwC Global Chairman Bob Moritz released this statement a little over an hour ago confirming that PwC is pulling out of Russia: We all continue to be shocked and horrified by the senseless war that the Russian government is inflicting on Ukraine and its people. As we galvanized to find ways in which we can help, our main focus has been helping our Ukrainian colleagues and supporting the humanitarian efforts to aid the people of Ukraine.
“I follow three rules: Do the right thing, do the best you can, and always show people you care.” – Lou Holtz. You expended a lot of effort in establishing the firm’s paperless processes/procedures. Most of your partners follow the rules. For some partners, you do this and that – print things off, provide paper, etc. How will you get ahead by making so many exceptions to the rules?
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Our 2021 Personal Tax Return Checklist is designed to help you make this process as easy and efficient as possible. It also assists us in ensuring we have information that is as complete and accurate as possible to assure your taxes are minimized and correctly reported. If you have any questions, please contact your DMCL Advisor. The post 2021 Personal Income Tax Return Checklist appeared first on DMCL.
The COVID-19 pandemic has had a devastating impact throughout the world. New York City was certainly no exception, and perhaps no industry has been impacted as severely as the live theatrical entertainment industry. Looking to aid the continuing economic recovery, the $100 million New York City Musical and Theatrical Production Tax Credit Program is set to have a far-reaching impact on an industry that is often considered the heartbeat of New York City.
Well that’s that. All Final Four Horsemen of the Accounting Apocalypse have now announced they are abandoning their operations in Russia in response to Vlad Putin’s war against Ukraine. PwC and KPMG announced on Sunday they were cutting ties with their member firms in Russia, EY released a similar statement earlier this morning, and Deloitte spoke about it leaving Russia in a statement from Global CEO Punit Renjen a little more than an hour ago.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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