Sat.Jul 17, 2021 - Fri.Jul 23, 2021

article thumbnail

IRS Releases It’s “Dirty Dozen” Scam List for 2021

RogerRossmeisl

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. On 6/28/21 the Internal Revenue Service, via IR 2021-135, began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and scams.

CPA 246
article thumbnail

Random Sales Statistics, Little Nudges

PANALITIX

RESOURCES / ARTICLES. Random sales statistics, little nudges. Sometimes the biggest value of a “statistic” you happen upon is that it challenges you to think for a bit. Maybe think differently for a bit. This can be the beginning of a new habit that leads to a shift in the way you work – for the better! I came upon some “sales” statistics* on the interweb (so we know they’re legit).

Sales 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Calculation vs. Compliance: A Deep Dive into Two Important Pieces of Your Sales Tax Process

TaxConnex

For most businesses, sales tax is not a top priority. It probably doesn’t even make the top 5 list! But if not managed correctly, it can cause major headaches. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. Now that we are three years post the Wayfair decision, and all states with a state-wide sales tax have enacted economic nexus laws, most businesses with a sales tax obligation

Sales 211
article thumbnail

Would My Startup Survive Due Diligence? Part 1: Sales Tax

BurklandAssociates

Welcome to the first in a series of articles examining areas of due diligence that can delay or derail transactions, and leave startup founders red-faced right when they want to Read More. The post Would My Startup Survive Due Diligence? Part 1: Sales Tax appeared first on Burkland.

Sales 130
article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

IRS 2021 “Dirty Dozen” – Pandemic-Related Scams

RogerRossmeisl

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. This year’s “Dirty Dozen” will be separated into four separate categories: Pandemic-related scams like Economic Impact Payment theft (This Blog Post) Personal information cons including phishing, ransomware and phone “vishing” (See Blog P

CPA 246
article thumbnail

Random Sales Statistics, Little Nudges

PANALITIX

RESOURCES / ARTICLES. Random sales statistics, little nudges. Sometimes the biggest value of a “statistic” you happen upon is that it challenges you to think for a bit. Maybe think differently for a bit. This can be the beginning of a new habit that leads to a shift in the way you work – for the better! I came upon some “sales” statistics* on the interweb (so we know they’re legit).

Sales 130

More Trending

article thumbnail

Advance Child Tax Credit

CapataCPA

Advance Child Tax Credit information: What you need to know The IRS created a Child Tax Credit Update Portal, it is a password-protected tool available to everyone with internet access from any device. You may check on your eligibility, payment status, or unenroll from this benefit. If you have an existing IRS account, you may use. The post Advance Child Tax Credit appeared first on CPA firm in Orange County, CA | CAPATA.

Tax 98
article thumbnail

IRS 2021 “Dirty Dozen”- Personal Information Cons

RogerRossmeisl

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. This year’s “Dirty Dozen” is separated into four separate categories: Pandemic-related scams like Economic Impact Payment theft (See Blog Post 1049) Personal information cons including phishing, ransomware and phone “vishing” (This Blog P

CPA 246
article thumbnail

Extensions to the Paid Sick Leave and Family Leave Credits in 2021

CTP

Employers will continue to see tax benefits for providing paid sick leave and family leave for the second and third quarters of 2021. The Families First Coronavirus Response Act (FFCRA) created an employer tax credit to reimburse employees’ sick and family leave for reasons related to COVID-19. This credit has been extended through the end […].

Tax 98
article thumbnail

The Benefits of Accrual Accounting for Your Business

AccountingDepartment

Accounting methods are tools for businesses to use in order to record their finances and keep track of their finances. The two most popular accounting methods that businesses use are accrual accounting and cash accounting. When comparing the two methods, the cash accounting method is an easier way to record financial records. At the same time, the accrual accounting method allows businesses to see expenses as they are happening.

article thumbnail

Planning Your Restaurant's Path to Profitability

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.

article thumbnail

10 California Labor Laws Your Business Needs to Brush up On

Patriot Software

The Department of Labor (DOL) enforces more than 180 federal laws. These laws can vary depending on your business and employees. And, some states might have additional labor laws that business owners must follow. One state that has some unique regulations is California. Read on to learn about California labor laws and how they impact […] READ MORE.

article thumbnail

IRS 2021 “Dirty Dozen” – Preying on Unsuspecting Victims

RogerRossmeisl

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. This year’s “Dirty Dozen” is separated into four separate categories: Pandemic-related scams like Economic Impact Payment theft (See Blog Post 1049) Personal information cons including phishing, ransomware and phone “vishing” (See Blog Po

CPA 246
article thumbnail

Save Your Small Business With These Cash Flow Strategies

GrowthForceBlog

7 min read. Everything about your business can be perfect – your people, your services, your advertising, and your market – but, no matter how flawless your business seems to be, you can still encounter cash flow problems that could threaten your company's future.

92
article thumbnail

Sarah T. Ciuk, CPP Appointed to Intuit QuickBooks Accountant Council

AccountingDepartment

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most. Naples, Florida – July 22, 2021 – Today, Intuit, Inc (Nasdaq: INTU) announced that Sarah T. Ciuk, CPP has been named to the company’s U.S. Accountant Council advisory board. Intuit’s mission is to power prosperity around the world, and it accomplishes this through its innovative ecosystem of financial management solutions that serve more than 100 million accounting professionals, small businesses and cons

article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

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

article thumbnail

Visible To The Outside World

RitaKeller

“Customers will never love a company until the employees love it first.” – Simon Sinek. What do your clients say about your firm? What do your employees say about your firm? Clients talk to their employees, families, friends, and business associates. Employees talk to their families and friends. What they say is a reflection of your firm’s culture.

59
article thumbnail

IRS 2021 “Dirty Dozen” – Persuading Taxpayers into Unscrupulous Actions

RogerRossmeisl

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. This year’s “Dirty Dozen” is separated into four separate categories: Pandemic-related scams like Economic Impact Payment theft (See Blog Post 1049) Personal information cons including phishing, ransomware and phone “vishing” (See Blog Po

CPA 246
article thumbnail

Your Business Is Stuck In A Plateau. Should You Get A GAP Analysis?

GrowthForceBlog

5 min read. Why is my business not making money? Why are we not able to grow? What are the problems holding us back?

109
109
article thumbnail

ADC’s Cathy Becker to Join Jirav at AICPA Engage

AccountingDepartment

Cathy Becker, CPA, Senior Controller and Project Manager here at AccountingDepartment.com, is speaking at AICPA Engage 2021, joining forces as a panelist with the Jirav team! Along with Blake Oliver , Martin Zych , and Bruce Phillips of Jirav for " Financial Forecasting: Add Value, Save Time and Delight Clients", Cathy will share her experience and knowledge with attendees in person and virtually.

CPA 97
article thumbnail

No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

article thumbnail

What Are Bank Reconciliations and Why Every Business Should Do Them

Ronika Khanna CPA,CA

Many small business and self employed owners take on the responsibility of doing their own accounting. You may do your own accounting from set up to preparing your own small business tax return OR you may have an accountant who simply takes care of your year end and tax reporting while you do the rest. Accounting software has made doing your own accounting much simpler and allows for many business owners to do it, regardless of whether they have some sort of accounting background.

article thumbnail

The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5% which you’ll see is almost 10 times the rate that people are paying in other states.

article thumbnail

Lower Turnover & Boost Profits By Honoring Maslow's Hierarchy Of Needs

GrowthForceBlog

5 min read. Employees are continuing to contemplate whether they should consider jumping ship, as turnover rates steadily sweep the U.S.

93
article thumbnail

Economy Surges and Increasing Investments are a Strong End to Q2

AccountingDepartment

The economy is opening back up and confidence is rising among CEOs of small to medium-sized businesses. After surviving the COVID-19 pandemic, you could only figure that it's "only up from here", right?

94
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. 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 vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

Testifying in Court as an Expert Witness

FraudFiles

While waiting in the hallway outside the courtroom to testify as an expert witness, I thought of all the ways my testimony could go wrong. I had hours to contemplate opposing counsel’s questions for me. It was my first time testifying, and I didn’t want to blow it. But I relaxed as I eased into the witness chair and stole a glance at the jury. They were ordinary people who were just hoping to understand my calculations.

article thumbnail

The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5% which you’ll see is almost 10 times the rate that people are paying in other states.

article thumbnail

Debit vs. Credit in Accounting: What’s the Difference?

xendoo

There are a lot of things people don’t tell you about being a small business owner before you get started. Between serving customers, managing employees, keeping your books up to date , and struggling to build the reputation of your brand, it’s a constant process of learning on the job. . Also, you probably didn’t realize that opening your own business would require you to become an accountant by default.

Account 52
article thumbnail

How Do We Decide What Plan Number to Assign to a New Plan?

ThomsonReuters

QUESTION: Our company is establishing a new health plan. How do we determine what plan number to assign to it? ANSWER: The number for your new plan will depend on whether your company maintains or has previously maintained another welfare plan. A plan number is a three-digit number that the plan sponsor assigns to differentiate a plan from other plans that it sponsors.

Maine 52
article thumbnail

Recruit and Retain New Blue-Collar Talent

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.

article thumbnail

Steve Padgett’s Business Negotiation Skills FTW

SkagitCountyTaxServices

Alright Skagit County business owners, we’re going to move aside from tax-related things today (though there will be PLENTY to talk about as Congressional plans unfold) … and circle back into the nitty-gritty of how business works and share with you some business negotiation skills we’ve learned over the years. I write about this stuff because I don’t see a business relationship as merely transactional; we’re here to serve and advise Mount Vernon business owners in a variety of

CPA 52
article thumbnail

What to Do After You Start an LLC? 6 Critical Next Steps

LyfeAccounting

Great, you have an LLC and now you have all that is required to get to work and operate your business! Hold up! We wish it was that easy, right? You see, everyone talks about getting an LLC but not many people talk about what to do after you start an LLC. And this is kind of scary if you don’t know what to do. So in this post, we’re going to tell you what to do after you start an LLC.

article thumbnail

Best Counties in Florida for Small Businesses

xendoo

At Xendoo, we love small businesses. We believe in the power of small businesses to not only create a living for their owners and employees but also to make communities better. . Unfortunately, not all cities and counties are equally hospitable to small businesses. In Florida, there are some counties that offer more opportunities than others, and we’d like to highlight some of those locations in this post.

Florida 52
article thumbnail

Latest EPCRS Update Includes Modest Expansions of Correction Options

ThomsonReuters

Revenue Procedure 2021-30 (July 16, 2021). Available at [link]. The IRS’s latest update to its Employee Plans Compliance Resolution System (EPCRS) includes modest expansions of the correction options available under the program. Highlights for 401(k) plans include—. Correcting operational failures under SCP. The correction period for significant operational failures under the Self-Correction Program (SCP) is extended from two to three years.

audit 52
article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.