Sat.Jun 11, 2022 - Fri.Jun 17, 2022

Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

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3 Tools to Extend Your Startup’s Cash Runway

BurklandAssociates

We first published this article as part of a three-part series to help startups in the early weeks of the Covid downturn. In light of current world events and economic Read More. The post 3 Tools to Extend Your Startup’s Cash Runway appeared first on Burkland.

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Why is the Accounting Profession Scaring Everyone Away?

Going Concern

Saw this on our Twitter timeline, thought I’d throw it to the sharks and see if anyone has some thoughts: Accounting industry. We all agree there numerous issues & major changes are needed.

Creating a Credit Plan

Lockstep

For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). .

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5 Pain Points Every Small to Medium-Sized Accounting Firm Experiences

These are the top 5 pain points that come up over and over again when we talk to small to medium-sized accounting firms. Let's break each one down and talk about solutions!

Are travel services taxable?

TaxConnex

Summer vacation season is here – and it’s yet another area where sales tax shows up. The sales tax associated with s ervices is a different sales tax animal as compared to tangible personal property. The taxing of certain travel related services, such as lodging, can be taxable in some states.

A Smarter Data-Driven Approach to ESG Implementation & Reporting

Acterys

Globally, many organizations have started paying more attention to tracking their Environmental, Social, and Governance (ESG) impact due to its increasing importance among customers, investors, and other stakeholders. This rising interest in ESG is supported by statistics as well.

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NJCPA names 2022 Ovation Award recipients

Accounting Today

Diversity and equality Accounting education Gender issues

Deloitte Shares Unique Data on How Many Bullies and Perverts Used to Work for Them

Going Concern

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People Operations vs. HR: What’s the Difference?

BurklandAssociates

In 2006 Google renamed its HR department “People Operations”. Since then, the term has seen a steady rise in adoption among companies of all sizes. People Operations” Interest Over Time: Read More. The post People Operations vs. HR: What’s the Difference? appeared first on Burkland.

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The Basics of Cash Balance Plans for Employees and Business Owners

Anders CPA

Saving for retirement throughout your career helps you work towards having the lifestyle you desire when the time comes to stop working. While traditional 401(k) retirement plans are commonplace at most companies, certain employers may also offer a cash balance plan option.

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Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

IRS issues revised audit technique guide for cost segregation analysis

Accounting Today

Tax audits IRS Tax Tax regulations

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KPMG Will Pay Audit New Hires to Study for the CPA Exam

Going Concern

As I’m sure you’ve heard by now the profession is having trouble recruiting future CPAs.

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Uncommon Trusts

KROST

In our last article in this series, we covered the different types of trusts that can be established. In this article, we’ll discuss uncommon trusts that can be utilized.

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DOJ Seeks More Time To Pursue PPP Fraud

Withum

We have seen an uptick recently in enforcement activity regarding paycheck protection program (PPP) loan eligibility and forgiveness.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

EY invests $1B in new audit technology

Accounting Today

EY Technology International accounting Audit

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Do Accounting Firms Care if You’re On Drugs? Part III

Going Concern

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?”

Why Is Up-To-Date Bookkeeping So Important?

AccountingDepartment

Updated and accurate bookkeeping is the backbone to keeping a business running smoothly. Whether a business owner is handling all of their bookkeeping in-house, or if an outsourced service provider is taking care of it, here are a few reasons why up-to-date bookkeeping is so important.

Alleviating Cash Flow Management Pains for Skagit County Businesses

SkagitCountyTaxServices

[1] Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your Skagit County small business.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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 speeding up the month-end close and better managing your remote teams.

House committee proposes $1B funding boost for IRS

Accounting Today

TIGTA IRS Tax Finance, investment and tax-related legislation

We Could Soon Know the Results (If Any) of the Feds’ Raid of Alliantgroup

Going Concern

It has been more than three weeks since IRS Criminal Investigation conducted a court-ordered raid of Alliantgroup’s offices in Houston. Since then we still haven’t learned exactly why the IRS paid a visit to the tax consulting firm’s Houston headquarters. No arrests were made that day.

Reporting Rules For Nonprofit- State By State

GrowthForceBlog

6 min read. Nearly every nonprofit (at least those registered as nonprofit corporations) is required to file certain documents and maintain their contact/agent information with the state in which their nonprofit is incorporated. Nonprofit Accounting & Reporting

Calculating and Using AR Turnover Ratios

AccountingDepartment

Your accounts receivable (AR) turnover ratio is an essential element of the accounting process. Find out, in this article, what makes the AR turnover ratio tick and how to calculate this for your company.

How to Write OKRs: 45 Effective Examples

Many companies are embracing objectives and key results (OKRs) as the best practice for committing to goals and following through. Objectives are outcomes that reflect current company priorities. Each employee should write OKRs that roll up to larger company goals.

GASB issues guidance on accounting for compensated absences

Accounting Today

GASB Accounting Government accounting Accounting standards

Inflation, Recession and the Stock Market

Withum

Right now, inflation seems to be unchecked and has caught the Federal Reserve, economists and many others off guard. There is also talk of an impending recession as the “cure” for inflation. I will not add to either discussion but want to provide some comments.

How to Successfully Pivot to a New Business Venture

GrowthForceBlog

8 min read. You've likely heard the phrase, "No man is an island." In much the same way, no business is an island, either. In other words, businesses exist in communities, in marketplaces, and within the greater economy, and all of these elements are constantly in flux.

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Cost Segregation and Multifamily Properties

Accounting Web

Individuals Cost Segregation and Multifamily Properties

Live Demo: Supercharge Your Month-End Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation, such as ART (our month-end close solution), into your processes can help you reach the next level of closing.

SASB Standards Board prepares for transition to ISSB

Accounting Today

Accounting Climate change ESG International accounting IFRS

The Economy’s So Bad the IRS Got Bullied Into Upping the Mileage Rate Midyear

Going Concern

As most of you have heard by now, the IRS is increasing the standard mileage rate by four whole cents as of July 1.

SEC Stays Busy Cranking Out Proposed ESG Investment Fund Rules

CPA Practice

The proposed rules, issued by the SEC on May 25, are intended to provide consistent requirements for ESG disclosures, while the other would modernize and expand the SEC’s Names Rule that covers fund names. Accounting & Audit

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Top Data Security Practices to Protect Your Firm

Accounting Web

Trends Top Data Security Practices to Protect Your Firm

Airbase Presents: Off the Ledger LIVE! — Small Teams. Big Impact.

Speaker: Panel Speakers

Airbase invites you to virtually join our inaugural one-day conference inspired by, and in support of, Off the Ledger — a Slack community of over 3,300 finance and accounting professionals. Learn how your finance teams, big or small, can have the greatest impact.