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The investment environment is tilted in favor of startups right now. And that means there’s a high likelihood you’ll be able to raise capital — in fact, it’s as high Read More. The post Evaluating Fit Between Entrepreneur and Investor appeared first on Burkland.
A voluntary disclosure agreement (VDA) is a legal means for taxpayers to self-report back taxes owed for income, sales, property, and other tax types. In exchange for voluntarily reporting the tax due, states offer a waiver of some penalties and other benefits to the business. If back taxes are not disclosed but are instead discovered through an audit, the taxpayer is at a disadvantage and will end up being assessed various penalties plus interest plus all historical tax due.
Job costing is an often overlooked yet important component of business, especially for small to medium-sized companies. The pricing of your jobs shapes your bottom line. It can be argued determining the optimal price point for each specific job is one of the most important decisions small business owners make. This is precisely why job costing is so important.
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.
Partnering with Gusto today means a better tomorrow for Xendoo customers. As a small business owner, you juggle multiple roles… bookkeeping, human resources, marketing, and all that goes into running your business every day. You love what you do and wish you could leave the complicated, boring stuff out of your day-to-day. Xendoo feels your pain, we recognize that bookkeeping and payroll are integral to your company’s operational success and your peace of mind.
Sales tax is a significant revenue source for many states. In fact, according to the Tax Policy Center, for many states, it can comprise 25%-35% of a state’s revenue. With the 2018 Wayfair decision , many more businesses are now required to collect and remit sales tax, and while many have taken action, there are still a lot who have yet to grasp it fully.
In the aftermath of Brexit, most companies that conduct business in the United Kingdom (UK) and European Union (EU) have absorbed the initial shock and are now looking for more stable, long-term solutions to the challenges posed by the UK’s new trade regime. In a recent webinar, global trade experts from Thomson Reuters and EY discussed some of the tactics and strategies companies should be considering if they want to avoid unnecessary complications from Brexit, including shipping delays, invent
In the aftermath of Brexit, most companies that conduct business in the United Kingdom (UK) and European Union (EU) have absorbed the initial shock and are now looking for more stable, long-term solutions to the challenges posed by the UK’s new trade regime. In a recent webinar, global trade experts from Thomson Reuters and EY discussed some of the tactics and strategies companies should be considering if they want to avoid unnecessary complications from Brexit, including shipping delays, invent
There are many obvious perks that come with owning your own business, including setting your own schedule, being your own boss, and having control over your career. But there are also many tax benefits business owners can take advantage of to maximize their profits. Here’s a quick guide that covers important tax deductions for your business. What Will a Deduction Save Me?
IRS Notice 2021-42 (June 30, 2021). Available at [link]. The IRS has announced a one-year extension of the special tax relief for leave-based donation programs aiding victims of the COVID-19 pandemic. Under a leave-based donation program, an employer may permit its employees to give up their vacation, sick, or personal leave in exchange for cash payments by the employer to charitable organizations.
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.
Remote work flexibility has become a common thing for companies in 2021 and it can ultimately lead to them retaining their staff. After the COVID-19 pandemic, people got a real taste of what working from home was like and this was probably one of the biggest adjustments companies had to make as the dust settled. A study by the global staffing firm, Robert Half, shows that about 1 in every 3 professionals working from home due to the pandemic would look for a new job if they were required to retu
Don’t get caught by the nanny tax. This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. Could you be impacted? This is what you need to know. Nanny tax explained. In an effort to capture income from household employees, the tax code requires you to obtain employee information, pay the related state and federal taxes, and withhold taxes for anyone you employ around the house.
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.
On June 22, 2021, we had the pleasure of hosting a NetSuite-based webinar with our friends at goVirtualOffice. Our Co-Founder, Bill Gerber, and Dirk Shimpach, CPA and Co-Founder of goVirtualOffice review some Accounting Best Practices.
6 min read. You don't rent out an office to complete a single job. The benefits you offer don't directly affect a specific client, but they do attract top talent, resulting in better quality service. You don't invest in employee training to carry out a specific job, making it an overhead expense, but you do invest in employee training to improve or expand the services you provide.
Tax refund delays are completely out of control right now. Calling appears pointless as it is mostly automated, and checking your status on irs.gov only shows you if your tax return has been received by the IRS. But, it does not tell you why your tax refund is delayed. So, in this post, we want to go over the top 9 reasons why your tax refund is delayed this year.
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.
Sunday is Independence Day, a day we should all honor and celebrate. The founding fathers actually said it should be commemorated with spectacular displays of fireworks and pomp and circumstance. And that is how it has been celebrated ever since.
Wow! Can you believe it’s been over 15 months since the CARES Act was passed? We know that some of you are saying it feels even longer. Besides the actual pandemic and the resulting government restrictions, you’ve had to deal with several major Congressional relief acts, ever changing guidance from Treasury and the SBA, and. The post PPP Part XVI – Happy Fourth of July!
How to shift your mindset from accountant to business owner. You did it. You’ve made the leap from staff accountant to small firm owner. You’ve done the work, you have the experience, and you might even have a ready-made client list. More challenging, however, is the switch in mindset from an individual contributor to the one who is running the show.
While non-profit organizations are not concerned about showing a profit for investors, these entities still must report financial activities to board members and local, state, and federal tax agencies. Just like for-profit businesses, non-profits use financial statements to report revenue generated and expenses incurred, although they may have different names.
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.
The IRS reminds me of Debo from the movie Friday! No matter how you receive income, where you receive income, or why you receive income, you can bet that the IRS wants their fair share of it. Most people know that income from your job or investment is taxable. But you’d be surprised at the number of things that are considered taxable that you never would have thought of.
QUESTION: An employee who called in sick reported to her supervisor that she had tested positive for COVID-19, and the supervisor notified Human Resources. Does HIPAA prohibit Human Resources from notifying coworkers who had contact with the employee so they can get tested? ANSWER: HIPAA’s requirements to safeguard protected health information (PHI) apply only to covered entities (health plans, health care clearinghouses, and most health care providers), not to employers acting in their capaci
The past year and a half has been stressful for everybody in Skagit County. And I would argue it’s been doubly so for Skagit County business owners. The thing is though, these things happen. Quite regularly. Maybe not global pandemics, but disasters in general. So, as the person in your corner who might be one of the only ones asking you these questions — What happens to your Skagit County business if the building next door catches on fire?
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.
The new product, dubbed “Gusto Embedded Payroll,” will allow vertical SaaS companies to provide payroll support to their own customers. The post Gusto is now offering pieces of its service to other companies via API appeared first on Xendoo.
IRS Notice 2021-40 (June 24, 2021). Available at [link]. The IRS has announced a 12-month extension of its temporary relief from the requirement that certain signatures be witnessed “in the physical presence” of a plan representative or notary public. The original relief, which appeared in IRS Notice 2020-42 (see our Checkpoint article ), was provided primarily to facilitate CARES Act distributions and loans (see our Checkpoint article ) but could be used during 2020 for any signature that, u
Do you need a loan to get your business up and running? You’re not alone. About 43% of small businesses applied for business loans last year. And of those, 66% were actually approved. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.
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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