TaxConnex
FEBRUARY 3, 2022
Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. And why not? According to the Tax Policy Center, money collected from sales tax can be the leading source for many jurisdictions, constituting 25% to 35% of a state’s revenue.
BurklandAssociates
FEBRUARY 1, 2022
1. Who is the Startup’s Banking Partner? A startup should have a business account with a bank that specializes in startups. Startup Banking Dos & Don’ts Open a bank account Read More. The post How to Lower Your Investment Risk in a Startup appeared first on Burkland.
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CPA Practice
JANUARY 31, 2022
Thanks to the many tax deductions available to small businesses, self-employed taxpayers have a lot of business income-boosting opportunities to consider.
Accountant Advocate Submitted Articles
FEBRUARY 2, 2022
Tribal knowledge can be a big problem – especially for accounting departments if you don't know how to spot it, capture it and correct it. Learn the best practices for capturing tribal knowledge.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
TaxConnex
FEBRUARY 1, 2022
One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising. Right now, a little more than two-thirds of states with a sales tax impose a tax on the sale of such digital goods as videos and music. In an ever-increasing expansion of the tax base, last year Maryland lawmakers overrode a gubernatorial veto and greenlighted a digital advertising tax, the first of its kind in the nation.
MyIRSRelief
FEBRUARY 1, 2022
One of the most important aspects of a company to the owner or operator is the financial side. It is very important to know the financial condition of your business. For most businesses, this falls on the Accounting department. For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice. A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accountant Advocate Submitted Articles
FEBRUARY 4, 2022
Payroll is a complex business function that comes with minutia, and as businesses grow, payroll can get harder to manage. Avoid these expensive mistakes in your payroll.
xendoo
JANUARY 31, 2022
New Year, New Tax Requirements. Do you use apps like Zelle, Venmo, and Cash App to accept payments from customers? How are you reporting those earnings? In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K.
ThomsonReuters
FEBRUARY 2, 2022
With more than 144.3 million individual taxpayers and 31.7 million small businesses in the U.S., the potential market available to tax and accounting firms is massive. However, finding individual and small business clients is more challenging, particularly for those just starting out. Here are a few ways you can market your firm’s services to individuals and small businesses.
Withum
FEBRUARY 2, 2022
What to Know About Office 365 Price Increases, Licensing Commitments and How to Lock in Your Current Price. Microsoft announced a few months ago that they have re-imagined the way organizations will transact and subscribe to its fast-growing cloud solutions. This latest initiative is known as the New Commerce Experience , aka NCE. Microsoft’s goal is to provide more flexibility with monthly or annual terms to procure software subscriptions to meet the needs of today’s changing business.
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.
IgniteSpot
FEBRUARY 1, 2022
Small-business owners are deeply involved in daily operations, including customer service, innovation, new client acquisition hiring, and, yes, making money. But tax time throws a wrench into their entire workflow.
CPA Practice
FEBRUARY 2, 2022
Pairing constantly changing tax laws with the stress of an increased workload can negatively affect your concentration and effectiveness. In fact, studies show that it can take more than twenty minutes to get back on task after an interruption.
ThomsonReuters
JANUARY 31, 2022
The latest disruption hitting corporate trade and supply chain teams comes barely on schedule from the World Customs Organization (WCO) — and has created headaches for all companies engaged in international trade. The WCO updates the Harmonized Commodity Description and Coding System, commonly known as the Harmonized System (HS) , every five years.
Withum
FEBRUARY 2, 2022
Withum is proud to announce that Sareena Sawhney , Principal in the Forensic and Valuation Services group, has been appointed Vice Chair of the Directors & Officers (D&O) and Trustee Errors & Omissions (E&O) Committee for the Professional Liability Defense Federation (PLDF) Organization. At the PLDF, Sareena will assist in serving as an advocate for the committee and help in attracting new members to the committee.
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
GrowthForceBlog
FEBRUARY 4, 2022
7 min read. At a glance, one might think that – due to their different products, services, people, ideas, and industries – all small businesses are too different to arrange into any particular categories.
CPA Practice
JANUARY 31, 2022
The Readers' Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses.
ThomsonReuters
FEBRUARY 3, 2022
IRS Publication 502 (Medical and Dental Expenses (for 2021 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2021 Returns)). Publication 502. Publication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2021 federal income tax returns.
Withum
FEBRUARY 1, 2022
Martini Partners, LLC , a public accounting firm headquartered in Encino, CA, joined its practice with Withum, a nationally recognized CPA and advisory firm with 18 offices and annual revenue of $360M, ranking in the top 25 firms in the country. Steve Martini , Founding Partner, Kevin Holmes , Assurance Practice Leader, Christopher Passmore , Managing Partner of Martini Partners, and 50 additional team members will be added to the Withum roster and remain at their current location.
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SkagitCountyTaxServices
FEBRUARY 2, 2022
With all of the extra year-end bookkeeping and tax matters your business is trying to tackle right now, a social media storm is the last thing you need/want to deal with. But it’s sadly the sort of thing that will not go away by itself. And how to deal with negative reviews is something Skagit County business owners like you need to be thinking about.
CPA Practice
JANUARY 31, 2022
That verification requirement will soon be required for all taxpayers to view other personal tax documents on the IRS website. Although ID.me is widely-used, including by other government entities, and is generally considered secure, the thought of.
ThomsonReuters
FEBRUARY 3, 2022
IRS Form 8889 (Health Savings Accounts (HSAs)) and Instructions (2021). Form 8889. Instructions. The IRS has released the 2021 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions. HSA holders (and beneficiaries of deceased HSA holders) must attach Form 8889 to their Forms 1040, 1040-SR, or 1040-NR to report tax-related events affecting their HSAs, including contributions and distributions.
Withum
FEBRUARY 3, 2022
Last week I presented some opinions about last year’s market performance. Here are some more comments where I use illustrations from three articles that appeared in Barron’s. I read Barron’s weekly, enjoy reading it and find valuable news and information in it and highly recommend it to anyone interested in keeping up with what is going on in the stock and bond markets.
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
AccountingDepartment
FEBRUARY 3, 2022
If you run a business, then you already know how important cash flow is to your operations. You need cash flow to keep the lights on, pay your employees, and cover material costs. You have to spend money to make money, right? And the only way you can spend money is if you have a healthy cash flow in your business. Good cash flow has two primary characteristics: it's positive and predictable.
CPA Practice
JANUARY 31, 2022
From safety to tech, taxes and marijuana, the regulatory compliance experts at Paychex have developed a list of the top issues business owners and managers should keep up on as they run their businesses and manage the impacts of the COVID-19 pandemic.
GrowthForceBlog
FEBRUARY 1, 2022
7 min read. Running a successful business is no simple feat. You not only need to be an expert in whatever it is you do, but also in operating a business.
Withum
JANUARY 31, 2022
Protecting Yourself from the worst that could happen to your finances is the subject of my 42nd annual financial program that I am presenting on Sunday at 10:00. Bad things can happen to your money, investments and financial security. Some by neglect, misjudgment, inattention or inaction and some by theft and cyber scams. Some by dishonest advisors and people who are supposed to be trusted, or by hyperinflation, government intervention in personal financial activities, unfair abruptly changing t
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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.
AccountingDepartment
FEBRUARY 1, 2022
Days cash on hand is the number of days that an organization can continue to pay its operating expenses , given the amount of cash available.
CPA Practice
JANUARY 31, 2022
Sales transactions are presumed taxable in states with a sales tax (unless there’s a specific exemption or exclusion), most states haven’t yet clarified which sales tax laws apply to sales made in the metaverse. When will they start?
ThomsonReuters
FEBRUARY 3, 2022
QUESTION: As a TPA for group health plans, we are considering contracting with a cloud service provider to back up our clients’ electronic protected health information (ePHI). Do we need a HIPAA business associate contract with the cloud service provider? ANSWER: A cloud service provider (CSP) is considered a HIPAA business associate when a covered entity, such as a group health plan, engages the CSP to create, receive, maintain, or transmit ePHI (such as to process or store ePHI) on its behal
Withum
FEBRUARY 1, 2022
In recent years, there has been a substantial increase in the number of companies that go public through a merger with a special purpose acquisition company (“SPAC”). A SPAC is also known as a blank check company and exists only to merge with another company. In a SPAC transaction, the private company becomes publicly traded by merging with the publicly listed SPAC.
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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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