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

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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. Focusing on economic nexus, each state defines certain thresholds that include the amount of revenue sourced to a particular state and/or the number of invoices in a particular state.

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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. The ultimate question is even with all the issues, why are ppl not willing to overcome all of them & either enter or stay in the profession? Its about the industry as a whole.

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Nexus and MSPs: Navigating interstate commerce - Modern MSP

Accountant Advocate Submitted Articles

MSPs & IT services are Nexus audit targets. Modern MSP finance expert explains interstate taxes and preparing your MSP for audits. Read how.

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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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. The likes of Expedia and Orbitz have a long history battling various states in the courts even as localities start making deals with new players in hospitality.

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What is Data Visualization and Why It Matters to Your Business

Snyder

With rapid development of technology and even more rapid increase in the amount of generated data, data analytics is defining the success of any business trying to keep up and provide the best customer experience. Competition in the marketplace is growing fast and the need to produce data-driven decisions promptly has never been more important. It means that the timeline for coming up with solutions is getting shorter and shorter.

More Trending

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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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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. The Small Business Administration (SBA) typically pursues the civil investigations, usually by denying a loan forgiveness application and forcing the borrower to pursue an administrative appeal and then possibly an appeal in court.

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Top Data Security Practices to Protect Your Firm

Accounting Web

Trends Top Data Security Practices to Protect Your Firm.

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Xero App Store apps Australian small businesses should know about this EOFY

Xero

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. One element that shouldn’t be underestimated is the tools and technology in your repertoire. Why? Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. .

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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NJCPA names 2022 Ovation Award recipients

Accounting Today

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

Going Concern

Deloitte Australia has disclosed stats on workplace misconduct and revealed how many people got punted as a result of internal investigations reports Australian Financial Review : Deloitte has investigated 145 misconduct allegations over the past year and found more than half, or 80, were substantiated, leading to 20 employees being “exited” from the consulting firm.

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The Importance of Effective Client Communication

Accounting Web

Clients The Importance of Effective Client Communication.

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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. The economy is complicated with many moving parts. We look at a falling stock market and think that is the “economy.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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IRS issues revised audit technique guide for cost segregation analysis

Accounting Today

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Xero Australia’s Emotional Tax Return is back for 2022!

Xero

It’s no secret that the past few years have been some of the toughest yet for small businesses. From lockdowns and rising inflation to global and local crises, disruption has become the new norm for many. Although we’re a nation of fighters, the ups and downs have taken a toll – especially an emotional one. So, to help small businesses in need of a little respite, we’re excited to announce that Xero’s Emotional Tax Return competition is back for 2022!

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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?” A good chunk of that post describes Wall Streeters getting blitzed at real estate investment trust companies because back in those days accounting news was extra slow and we wrote about a lot more finance-adjacent stuff until enough commenters bullied us into focusing solely on Big 4 firms and maybe Grant Thornton every now and then when GT does something boneh

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How to celebrate Pride Month in your small business

Reckon

Did you know that June is Pride Month? That’s right, it’s here! But how can you get involved in a meaningful way within your own small business? What steps can you take to help create a more inclusive society and combat the scourge of intolerance that has historically been brought against the LGBTIQ+ community? It starts with being authentic and knowledgeable.

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Live Demo - Supercharge your Month End Close

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 close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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EY invests $1B in new audit technology

Accounting Today

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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.

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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. Accounting student numbers aren’t critically low yet but fewer and fewer graduates are taking the CPA exam, an issue that keeps AICPA President, CEO, and 1982 Hank Marino Invitational Winner Barry Melancon’s psychiatrist up at night Googling “effective treatments for insomnia.” This issue is called “ the accounting pipeline problem ” and expect to hear about re

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App partner of the month: EzzyBills

Xero

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, with most available in the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. I’m excited to introduce June’s app partner of the month, EzzyBills – a smart, simple data processing and approvals tool for small businesses and their advisors.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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House committee proposes $1B funding boost for IRS

Accounting Today

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Accounting KPI: How to Use Key Performance Indicators to Measure Success

Patriot Software

Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power—as soon as you know where improvements are needed, you can create a plan for future success. […] READ MORE.

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Tax dates for your diary till 31 December 2022

Reckon

EOFY 2022 is coming up fast which means tax time is looming…. If you’re a business owner, the ATO requires entities of all sizes to file their tax documentation before 30 June 2022. This means you need to start getting your ducks in a row now. As you may well be aware, each financial year runs between 1 July – 30 June. So, whether you’re a sole trader, SME, or a larger firm, you should be looking to ensure you lodge all necessary documents on time.

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The Big Reveal: Soulteria’s New Digs, Courtesy of Xero’s Beautiful Business Contest

Xero

Earlier this year, we announced our Xero Beautiful Business contest , which gave U.S. small business owners the chance to win a $15,000 office refresh by celebrated stylist and interior designer, Estee Stanley. Entrants were asked to submit photos and/or videos of their office, along with a description of why their workspace deserved a makeover. We are excited to share that the office makeover is finally complete!

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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GASB issues guidance on accounting for compensated absences

Accounting Today

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How Can Your Product-based Business Respond to Shifts in Consumer Spending (2022)? 

Patriot Software

Target’s slashing prices on inventory like appliances and televisions. Marriott’s hotel room demand for leisure travel is up 10% compared to 2019 bookings. What does this mean for consumer spending in 2022? It means that a great shift in consumer spending 2022—from goods to services—might be here. For product-based businesses, this change could lead to […] READ MORE.

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Standard Mileage Rates for Business, Medical, and Moving Expense Purposes Will Increase in July

ThomsonReuters

IRS Announcement 2022-13 (June 9, 2022); IRS News Release IR-2022-124 (June 9, 2022). Announcement. News Release. The IRS has announced a midyear increase in the standard mileage rates for business and medical use of an automobile, and for deducting moving expenses. For travel on or after July 1, 2022, the business standard mileage rate is 62.5 cents per mile (up from the original 2022 rate of 58.5 cents per mile—see our Checkpoint article ).

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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. This is true for startups and well-established companies.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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.