Sat.Oct 02, 2021 - Fri.Oct 08, 2021

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Monthly State Sales and Use Tax Update

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Developing updates. There are currently five states with no state-level sales tax. Might that be changing? Take a look north. Alaska has long heard rumblings of a statewide sales tax. First came the state’s Remote Seller Sales Tax Commission of municipalities banding together to tax sales.

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Actively Look for Fraud and Reduce Financial Losses

RogerRossmeisl

The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than others. In general, passive methods, such as accidental discovery or notification by police, coincide with longer-running schemes and higher financial costs.

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Everybody Wins When AI & People Collaborate in the Workplace

BurklandAssociates

This is a joint article by Jeff Burkland, founder of Burkland Associates and Abhinav Agrawal, Co-founder & CEO of Rocket. It was originally published on Medium. The robots are coming! Read More. The post Everybody Wins When AI & People Collaborate in the Workplace appeared first on Burkland.

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Employer Student Loan Repayment: 2021’s Hottest New Benefit Is Here to Stay Tax-free (for a While)

Patriot Software

If you’re looking for a new benefit to offer employees, you might consider employer student loan repayment. The benefit itself isn’t new, but it got a tax-exemption makeover thanks to the CARES Act and Consolidated Appropriations Act. The result? An up-and-coming employee benefit hitting businesses nationwide. Here’s what you need to know about the employer […] READ MORE.

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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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Excise Tax versus Sales Tax

TaxConnex

Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie. Excise tax – which in America dates to the nation’s earliest days – is levied on certain goods, products or services at the time of purchase. Your business is responsible for collecting excise taxes and sending them to the proper authorities but, unlike sales tax, the cost of the excise tax is usually pas

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Key Q4 2021 Tax Deadlines for Businesses

RogerRossmeisl

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or have a business in federally declared disaster areas.

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More Trending

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Your Guide to Navigating Through Personal Use of Company Car Rules

Patriot Software

Do your employees use company-owned or leased vehicles for personal reasons? If so, you need to know how to handle reporting personal use of company car for wage and tax purposes. Read on to learn: What is personal use of company car? How to calculate personal use of company vehicle value How to report personal […] READ MORE.

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International Flower Wholesaler And Distributor Gets Fully-Integrated IT Infrastructure

Withum

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Triple Bottom Line: What Is It & Why Is It Important for My Business?

GrowthForceBlog

5 min read. In today’s world, sustainability is on the minds of many business owners and is often a stated goal. Yet, it’s quite difficult to measure the degree to which an organization is being sustainable.

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Partnership Tax Complications: Navigating Negative Capital Accounts and DROs

CTP

Starting with tax year 2020, the IRS is requiring partnerships to report their capital accounts using the tax basis method. Capital accounts show the equity in a partnership owned by each partner and often include initial contributions made by each partner, business profits and losses assigned to each partner, and distributions made to each partner. […].

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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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The Power of Diversity of Thought

RLLeaders

We live in a world of constant disruption. It interrupts and destabilizes our systems and norms, impacting individuals, organizations, and indeed, all of our society. We face cultural, environmental, and technological disruptions on a daily basis and rarely do we recognize them until they’re on our doorstep. Sometimes this is because people are willfully ignorant, trying to carry on as if the world around us isn’t rapidly evolving.

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Common Questions About Switching to Outsourced Accounting

AccountingDepartment

Outsourced accounting can pose many questions for a business owner that is considering making the switch, or just simply trying to learn more about the service as a whole. AccountingDepartment.com is the leader in outsourced accounting a bookkeeping services, and we have compiled some of the common questions asked when it comes to making the switch from in-person to outsourced accounting services.

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Skagit County SMB Owners – Don’t Panic About The Business Supply Chains

SkagitCountyTaxServices

Remember when the monster cargo ship Ever Given jammed the Suez Canal? After the Given had been stuck just five days, almost 400 other freighters were backed up waiting to pass through the Canal. Experts began predicting temporary shortages of everything from exercise bikes to coffee, cheese to semiconductors. For once, they were right — and not just because of one stuck ship.

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What It Means to OutLove Hate

Withum

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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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Wheelchairs For Warriors: Giving Veterans & First Responders A Life Of Mobility

GrowthForceBlog

5 min read. Wheelchairs for Warriors puts the quality back in " quality of life " for those who courageously risked their lives and sacrificed limbs for our freedom. Too often, Veterans injured in the line of duty come home with the burden of substandard mobility equipment that hinders their ability to function. Wheelchairs for Warriors was created to resolve this pressing issue- and give quality of life back to those who serve(d) in the gap for us.

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CalCPA BUZZ: Pass-through Entity Elective Tax Update

CalCPA

According to the FTB, PTE forms are in the development phase for qualified entities to make their PTE elective tax payments, and for. The post CalCPA BUZZ: Pass-through Entity Elective Tax Update appeared first on Hot Topics.

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When They Walk In The Door

RitaKeller

“If you want to ignite the spark, focus on them from the moment they walk in the door.” – Bruce Tulgan. I have often talked about young, newly graduated talent walking into the door, for the first time, at their new job in a CPA firm. My story stresses the fact that from a baby’s first step they have heard applause for each accomplishment through their growing-up years.

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Meet Employees Where They Work – Microsoft Viva Connections

Withum

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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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Eliminate the ‘SALT’ Deduction Cap?

LSLCPAs

What does SALT stand for, and what are the Pros and Cons? SALT is an acronym for State and Local Taxes. The current cap on deductions for state and local taxes is $10,000 as enacted in the 2017 Tax Cuts and Jobs Act (TCJA). Since 2017 (and through 2025), as the current law exists, only. The post Eliminate the ‘SALT’ Deduction Cap? appeared first on LSL CPAs.

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3 Keys to Working Smarter, Not Harder in Business

xendoo

Work Smarter, Not Harder. At SmartScout , we built our business around the idea of working “smarter”. Easy enough to say. What steps can small business owners take to work smarter? Glad you asked. The three keys to working smarter, not harder, in business are education, technology, and delegation. In this blog post, we will show you how you can use these keys to expand your knowledge, streamline your workflow, and delegate work to your team to grow their skills. . 1.

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How to Use a Lifestyle Analysis in Divorce

FraudFiles

How is a lifestyle analysis used in a divorce case? Attorney Miles Mason discusses how he uses the report, more specifically the numbers that he is most concerned about.

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Section 139 Revisited

Withum

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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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Best Accounting Practices for General Contractors

Pooley Accounting Services

At the end of a year-long project, the CEO of a construction company joked that he loved it when a plan came together. Although the CEO was pleased that the project went as planned, he felt that the success was due as much to luck as to planning. After all, only 28% of construction projects come in on time or budget. A 2020 survey found that construction businesses blame delays on:: Change orders (62%), Weather (60%), Poor project coordination (54%), Delayed payments (12%).

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Celebrating Women’s Small Business Month: Advice from Xendoo CEO and Founder, Lil Roberts

xendoo

National Women’s Small Business Month celebrates women’s achievements in business, and highlights what they bring to their communities as small business owners. We took a moment to interview Xendoo founder and CEO Lil Roberts, to get insight into what it takes to be a successful entrepreneur, and the importance of women leading in business. . Build Up Your Team.

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Preparing for Automation

ThomsonReuters

For tax professionals with many years of experience in the field, automation can seem like technological overreach. Any change or disruption to a workflow developed over many years of practice is going to be met with resistance. However, automation is important for any firm looking to improve efficiency and generate more revenue. . Why automation?

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Creating a Legacy of Memories and Values

Withum

People change but their memories don’t but can get hazy or fuzzy, or sweeter and fonder or could vanish. Perspective also adds to enjoyment of memories and past successes, so does preservation. Our memories are not conserved like those on Keats’ Grecian Urn but they can be passed on in a memo, letter, booklet or video orchestrated by you. This Sunday an expert on helping people preserve their memories will be speaking at a free Zoom program I organized and am inviting you to attend.

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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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Failure Rates in MLM (Multi-Level Marketing)

FraudFiles

More than 99% of people lose money in multi-level marketing (MLM). In Chapter 7 of Dr. Jon Taylor’s book, The Case (For and) Against Multi -Level Marketing , he details the failure rates of participants in multi-lievel marketing companies. In order to analyze the true failure rates and to calculate actual profits or losses from participation in these (improperly termed) “business opportunities,” it is necessary to wade through confusing and incomplete disclosures and to estimate figures that are

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INSIDE Public Accounting Ranks KROST Among Top 100 Firms in the US in 2021

KROST

Pasadena, CA – INSIDE Public Accounting (IPA) named KROST CPAs & Consultants Top 100 Firm, Top 100 Fastest-Growing Organic Growth Firm, Top 100 Fastest-Growing All Growth, and best of the best in 2021. The firm placed 81 st on the prestigious top 100 list, a substantial leap from 116th in 2020. KROST along with other recipients of these distinguished awards will be highlighted in the August and September issues of IPA’s monthly newsletter.

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Evaluating Your Firm’s Advisory Stance

ThomsonReuters

Maintaining your firm’s competitive advantage is important in any crowded marketplace. As more and more clients seek DIY solutions when completing their taxes, differentiating your firm, and capitalizing on your strengths are crucial to keeping existing clients and generating new business. Evaluating your firm’s advisory stance is a strong first step to improving your business operations. .

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Spotlight with Linda Greub – Avestria Ventures

Withum

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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.