Sat.Mar 19, 2022 - Fri.Mar 25, 2022

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Impacts of using a marketplace facilitator

TaxConnex

Online sellers hear an endless amount these days about “marketplace facilitators.” What are they? How can they help you? And how can they hurt? A marketplace facilitator is a platform where third-party sellers of any size and geographic area can facilitate retail sales by listing their products, while the marketplace facilitator processes payments, collects receipts and in some cases assists in shipment.

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Integrated Procurement Performance Planning and Management in Power BI

Acterys

Given the high volatility of today’s global market, prices have been consistently fluctuating across all upstream and downstream supply chain processes. As a result, demand volume prediction with comprehensive ‘what-if’ analysis for price changes has become more important than ever for supply chain management. The Role of Modern Power BI Procurement Planning Solutions.

Finance 130
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Surviving Due Diligence, Part 4: Quality of Earnings

BurklandAssociates

Welcome to the fourth installment of our Surviving Due Diligence series, a collection of best practices and tips to help startups successfully get through the due diligence process that precedes Read More. The post Surviving Due Diligence, Part 4: Quality of Earnings appeared first on Burkland.

Account 130
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Pass-Through Entities Claiming the Employee Retention Credit May Have a Limited 199A Deduction

Withum

Careful analysis of the employee retention credit (“ERC”) provided under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the 199A limitations set forth under the Tax Cuts and Jobs Act of 2017 (“TCJA”) may lead to unexpected tax consequences this tax season. Just when we thought the discussion surrounding 199A was on the decline, the detailed review of the IRC and regulations could limit the 199A deduction for certain pass-through entity owners, causing their effective fe

Tax 128
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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

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Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. If only somebody could help you with the costs of managing it. Somebody can: the states and tax jurisdictions themselves. Some states give?a?collection discount to help with the costs of managing sales tax.?If it sounds like free money to help cover the costs of outsourcing your sales tax compliance, it can be?

Sales 246
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Ecommerce Accounting 101

xendoo

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings.

Account 115

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Are You Sure That Expense is Deductible?

Withum

The Tax Court recently denied a deduction for an expense that the taxpayer thought was an ordinary and necessary business expense. The expense was an educational expense for a non-employee, and even though the tax law allows flexibility to taxpayers in deducting business expenses, it does have limits. The tax law regarding business expense deductions allows significant flexibility to taxpayers.

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Scaling Technology As Your Business Grows

AccountingDepartment

Choosing a business application is important for new businesses and businesses that are moving away from pen & paper processes. However, a major aspect to consider when selecting a cloud-based technology solution for your business is how the application can grow as your business gets bigger.

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Your Guide to Debits and Credits in Accounting Services

IgniteSpot

What are debits and credits? Every business transaction impacts your company’s financial statements at the monetary level. Transactions are recorded into two accounts—debits and credits—to create a balanced financial picture. Of course, it’s a little more complicated, and each has subtypes and nuances.

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Increasing productivity and flow in tax and accounting firms

ThomsonReuters

When McKinsey & Company asked 5,000 executives how much more productive they are during peak performance, most respondents said it was five times more. Flow, in positive psychology, is a state of mind when a person is immersed and engaged in an activity. In other words, it’s being “in the zone.” There are many benefits to increasing productivity and flow at work.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

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E-commerce 2.0: 3 Tips for Creating an Omnichannel Strategy

Withum

Omnichannel is a buzzword often used to benchmark customer experience success in the retail industry. While businesses continue to invest in e-commerce and digital marketing today, omnichannel customer experience has become the “next step” in the e-commerce roadmap – but few know how to achieve it. Let’s explore how omnichannel can bring financial and marketing benefits and three important steps to achieve your company’s omnichannel strategy.

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How Much Does Bookkeeping Cost For A Small To Medium Sized Business?

AccountingDepartment

Understanding virtual bookkeeping along with accounting processes is paramount to any business. Companies are moving toward virtual bookkeeping services out of convenience and cost savings. This is a more modern way of managing records for a business with the use of digitization and cloud storage. Find out more about how virtual bookkeeping services and accountants compare and which is best suited for your company at this time.

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7 Ways Your Accounting Services Team Can Improve Your Cost Management Strategy

IgniteSpot

Account 98
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5 client communication tips for accountants

ThomsonReuters

Psychologist and author Rollo May observed, “Communication leads to community, that is, to understanding, intimacy, and mutual valuing.”. The connection between accountants and their clients is an important relationship in the business world. Not only do clients trust their accountants with detailed — potentially embarrassing — financial secrets, they also expose many of their business decisions, including the good, the bad, and the ugly.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

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.

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Women in Labor Unions: Fireside Chat with Shirley Aldebol

Withum

In honor of Women’s History Month, Withum’s Labor Unions Services Partner, Nadia Matthie , sat down with Shirley Aldebol , Vice President of 32BJ SEIU. Shirley is assistant to the President on leadership and staff development and oversees the public schools division in the New York Metro area, which includes more than 5,000 members who work as cleaners and handypersons in New York City’s public schools.

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Markup vs. Margin Formula: What Business Leaders Need To Know

GrowthForceBlog

5 min read. Margin and markup are easily and often confused because both numbers deal with the cost of goods sold, revenue, and the money you actually make on a sale.

Sales 98
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We’re Snitching Out Managers Who Expect You to Answer Emails After Hours Now

Going Concern

Spotted on r/antiwork via Fishbowl: Do you guys smell that? Smells like REVOLT to me. Not sure how helpful HR will be on this (remember: they exist to help the firm not you ), but hey, put some heat on ’em anyway. The post We’re Snitching Out Managers Who Expect You to Answer Emails After Hours Now appeared first on Going Concern.

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Business Budget Basics Skagit County Owners Should Follow

SkagitCountyTaxServices

Well, it’s now *officially* spring. Of course, that means the end of those cold winter months and the start of warmer, longer days, but it also means the possibility of disruption and stormy weather (especially in the south this week ). And while we sure do love those flowers, we haven’t had much time to stop and smell ‘em. Especially now that we’re less than a month away from the April 18th deadline (yes, you read that right – it’s the 18th this year, because of a DC Holiday, Emancipation Day,

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8 Pillars of Leadership Development

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.

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Understanding the Importance of Crypto Donations with Engiven

Withum

Explore Other Episodes. #CivicWarriors #WithumImpact. The post Understanding the Importance of Crypto Donations with Engiven appeared first on Withum.

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Why Isn't My Nonprofit Successfully Raising Money?

GrowthForceBlog

10 min read. If you're struggling to raise enough money, maintain a healthy cash flow, and end each year balanced or with a surplus, then you're not alone.

Account 97
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Vault Consulting 50: How Did the Big 4 Do In Key Employment Categories? (2022)

Going Concern

Last month we dove into the 2022 Vault rankings of the best consulting firms to work for and the consulting firms with the most prestige , with an eye on how the Big 4 firms fared in each. Today we’re going to wrap up our coverage of the 2022 Vault Consulting 50 by looking at which consulting firms are considered the best in 20 key employment factors , such as benefits, culture, job satisfaction, and work-life balance.

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How to Survive the Great Resignation

Basis 365

Technological advancements pop up on the market weekly if not daily. The recent pandemic vamped up the production of advancements across the board, with almost every industry and business feeling some sort of impact. Neglecting to take full advantage of the new shifts in consumer and business demands can be detrimental for your business. From lost customers due to staff shortages to making poor business decisions because of late or missed bookkeeping deadlines, your business will start to suffer

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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CMMC 2.0 Update for Government Contractors

Withum

On November 4th, the Department of Defense (DoD) announced an enhanced “ CMMC 2.0 ” program which will maintain the program’s original goal of strengthening cybersecurity and protecting sensitive data. What is CMMC 2.0 and how does it differ from CMMC 1.0? In this timely video update, Wendy Terry and Michael Seip review key considerations and discuss: .

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Increase to Small Business Cashflow Scheme

Generate Accounting

The government recently announced an increase to the Small Business Cashflow Scheme (SBCS). This scheme is available for businesses with 50 or fewer employees. The SBCS was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. When the scheme was initially announced, businesses could draw down $10,000 plus $1,800 per full-time equivalent employee.

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Guidance on Deducting Home Office Expenses

Ronika Khanna CPA,CA

One of the important benefits of having a home based business , assuming you are a freelancer, self employed contractor or small business owner, and not an employee (where a similar deduction is also available) is that Revenue Canada (CRA) and Revenue Quebec allow you to deduct the expenses relating to the space that you use for your home office. This can result in a reduction in your tax bill for costs that you would incur regardless, which is certainly an incentive to being your own boss.

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Charitable Contributions

Dent Moses

In 2021, taxpayers who do not itemize are allowed to deduct up to $300 ($600 married filing jointly) of cash contributions made to qualifying charitable organizations. Individuals are allowed to deduct contributions to qualifying charities subject to limits based on adjusted gross income (AGI). For example, an individual’s deduction for a cash contribution to a qualifying charity is generally limited to 60% of AGI.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

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.

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SEC Alert: Enhancement and Standardization of Climate-Related Disclosures for Investors

Withum

On March 22, 2022, the U.S. Securities and Exchange Commission (SEC) released the long-anticipated proposed rule: The Enhancement and Standardization of Climate-Related Disclosures for Investors. The proposed rule has a 60-day comment period which ends May 20, 2022. . Summary of the Proposed Rules . The SEC will require registrants to disclose certain climate-related information, including information about climate-related risks that are reasonably likely to have material impacts on the busines

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You Know Things Are Bad In Public Accounting When First-Years Are Getting Dragged By Interns

Going Concern

We love a good rant—whether about public accounting in general or about a co-worker, like this one posted on Fishbowl yesterday by a Big 4 intern about a staff 1 he/she works with who sucks at Excel, won’t shut up about work-life balance (or the lack thereof), and has no desire to take the CPA exam. ICYMI: Need to vent here. I’m a busy season intern and can’t stand a January-hire staff 1 I work with on one of my engagements.

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SBA Extends EIDL Deferment Period — How To Log Into Portal To Check Balance + Interest

Nancy McClelland, LLC

Last week, the Small Business Administration (SBA) made a welcome announcement for small business owners with Economic Injury Disaster Loans (EIDL) — for the third time in the past 12 months, they have announced that the deferral period for making payments on loan and interest has been extended. As Journal of Accountancy points out, “the announcement Tuesday came exactly one year after the SBA had lengthened the deferral period from 12 months to either 18 months for loans made in 2

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Can Outsourced Bookkeeping be done effectively?

Basis 365

Outsourced bookkeeping is an option for business owners that is snowballing in popularity. Many companies have switched from in-house teams to outsourced bookkeeping since the COVID-19 pandemic. Now that offices and businesses are opening back up, the benefits to outsourced bookkeeping outweigh an in-person option so significantly that many companies are sticking with it.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

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.