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Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. This is especially true when it comes to state registrations. For some reason, many of the software and service providers who claim to manage sales tax for you, don’t help with registrations, and if they do it comes at extra cost.
6 min read. No matter what size your organization is, all leaders - from seasoned business owners to new entrepreneurs- can find benefits from a ‘start-up’ mindset.
If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Our tax firm assists, helps and represents taxpayers facing tax problems such as unfiled tax returns, unpaid delinquent back taxes, IRS and state audits , payroll 941/940 problems, tax levies, liens, garnishments and other collection issues. Get tax relief representation and complete resolution today!
Perhaps the number one action you can take to support the financial health of your small business is to stay on top of accounting. Make sure you’re aware of most small businesses’ accounting challenges and learn how to overcome them. We’ll tell you how here! Banking. You’ve been banking for years, and you know how to manage the task.
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.
This article is the second installment of a two-part series on supply chain challenges and Sales & Operations Planning (S&OP) for startups. In last week’s article we examined cash management Read More. The post Sales & Operations Planning (S&OP) Process for Startups appeared first on Burkland.
The House recently passed H.R. 2954 Securing a Strong Retirement Act , being referred to as the SECURE 2.0 Act, which has overwhelming bi-partisan support, with a vote of 414 in favor and only 5 opposing. The Act includes a great benefit for those individuals who are working on paying off their student loan debt but have limited resources to invest towards retirement.
In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. Recently elected New York City Mayor Eric Adams added to the tweet responses on November 4, 2021, by writing that he would receive his first three paychecks via Bitcoin after being sworn in as mayor.
In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. Recently elected New York City Mayor Eric Adams added to the tweet responses on November 4, 2021, by writing that he would receive his first three paychecks via Bitcoin after being sworn in as mayor.
In today's world, operating with manual, pen & paper processes is a way of the past. There just isn't enough time in the day anymore to keep up with it!
It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support packages, but these were no silver bullet. Promoting and ensuring a healthy cash flow was always a central pillar of a successful business.
On Thursday the House passed H.R. 3807 , Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would add an additional $42 billion to the Restaurant Revitalization Fund (RRF) and fund $18 billion to a newly created Hard Hit Industries Award Program (HHIAP). If passed by the Senate, the bill would ensure funding for more than 177,000 restaurants whose applications were placed on hold when the fund was exhausted in July of 2021.
IRS Employee Plans News (Mar. 25, 2022). Available at [link]. The IRS has announced that, due to COVID-19-related backlogs, it is suspending the issuance of certain delinquent filing notices relating to returns filed by tax-exempt or governmental entities, including employee benefit plans. Suspended notices include reminder notices about Form 5500-EZ and 5500-SF filing requirements, first delinquency notices for Form 5500 and 5500-SF, and second delinquency notices for Form 5500.
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.
Cash flow forecasting is an important process. It's used to estimate the flow of cash that comes in and goes out of a business over a set time period. When it's accurate, it makes it easier for a business owner to predict future financial positions. By making those kinds of predictions, the owner of a business is better able to avoid cash shortages, and invest surplus cash effectively.
7 min read. Just like any other organization, Nonprofits of all types are susceptible to fraud. In fact, Nonprofits are even more susceptible to fraud because they oftentimes do not have the resources to help prevent and properly recover from fraudulent activity.
On Friday, March 25, 2022, the IRS announced that it will suspend sending the notices that they generally mail to tax-exempt organizations resulting from what its systems believe is the late filing of tax returns. The IRS explained that the suspension of notices results from it not yet processing millions of tax returns, many of which were timely filed, and other pieces of mail, resulting from erroneous notices.
Focusing on a specific niche rather than trying to accommodate the needs of every business could help your accounting firm better serve its clients. In this episode of Pulse of the Practice , Paul Miller, Owner of Business By Design , and I are joined by Rachel Clark, Client Director at All About Accounting. We had an interesting conversation about how the firm found its niche and built its business model around specialization.
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.
In this podcast episode, I shared 3 valuable ideas that can help you avoid getting stressed out if you’re offering the least scalable service — individual tax preparation. Listen below. 1:05 – You simply can’t scale your firm when you focus on individual tax prep services for a quarter of the year. 1:26 – It’s difficult to find qualified people to fill in the capacity gaps that’s why most firms just push through the busyness. 1: 36 – Personally, I refuse to do this service in o
With the potential for business life to return to something resembling normal, it's good to look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve or took you away from your overall goals. Considering how your business and your employees functioned in recent years can help you predict upcoming trends, enabling you to plan for adjustments.
The tax due date for most individual tax returns this year is April 18. If you are unable to complete your return to file by April 18, you can file for an extension to submit your return by October 17. However, the extension does not cover the payment of the tax due. The taxes need to be paid by April 18, or you will be assessed interest and penalties, and if the correct payments are not made, it is possible that the extension will not be accepted, and late filing penalties will also be due.
For as long as trade has existed, so has accounting. Goods are sold, profit is made, expenses are accrued, and everything gets recorded (presumably, ha!). And it wasn’t THAT long ago that electronic spreadsheets were considered “a big advancement” in accounting technology. Businesses put away those old ledger books and took to smudge-free financial data entry.
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.
Yesterday I came across this screenshot while combing Reddit one hour after my weekly newsletter column was due as I often do on Tuesday afternoons when I’m procrastinating. At first I thought there’s no way this is real. I mean, it’s on the internet so obviously it’s real but … really? Oh, it’s real y’all. It took me all of three seconds of Googling — which coincidentally is exactly how much time I’m willing to commit to researching an artic
Does it make sense to outsource your accounting? Of course, it does! More and more companies are allowing outsourced accounting firms to take care of their accounting functions and are reaping all the benefits outsourced accounting offers. You can save money all around Outsourced accounting services can save companies money as they don't have to pay full-time employees and their benefits.
Kimberlee S. Phelan. Partner Princeton, NJ. Robert Mullins. Partner – Roha Africa. Sonkwe Kasonkomona. Associate Director of Tax Services – HLB Zambia. Food: Zambia Nshima Ifinkubala Dubai, United Arab Emirates Luqaimat Knafeh. Sightseeing: Zambia, Africa Victoria Falls in Livingston Lake Kariba Dubai, United Arab Emirates Expo World International Fair (Until End of March beginning of April) Desert/Dunes (Picnic/Camp).
QUESTION: Can we use a single definition to determine the prohibited group when conducting the nondiscrimination tests that apply to our cafeteria plan, health FSA, and DCAP? ANSWER: No. Cafeteria plans, health FSAs, and DCAPs are all subject to nondiscrimination requirements under the Code that are generally intended to prevent these plans from discriminating in favor of certain highly paid and key employees (the prohibited group).
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.
In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. Let’s go! What is a Workflow? Your organization has a variety of critical tasks that need to be completed on an ongoing basis. A workflow is therefore the sequence of steps required to move a task from beginning to end in order to complete it.
Every tax professional needs to be conscious of how to manage their practice ethically. An important resource in this matter is Circular 230 , a publication that regulates practice before the IRS for attorneys, CPAs, and enrolled agents. Even if these professionals have other ethical obligations as defined by their governing body or rules of conduct, following the general concepts of Circular 230 will likely help them fulfill the duties they have in other areas.
Withum is proud to share that ROI-NJ has named Zsia Rosmarin as a Top Influencer in their Women in Business List for 2022. Zsia is a partner at Withum with over 20 years of experience in accounting and business and strategic tax. She leads the Tax Tech and Emerging Growth Industry Group, where she consults on various related tax issues, and she serves as the Women in Tech Team Leader for the Technology and Emerging Growth Industry Group.
As a Fisbhowl user, I received a notification on my phone this evening that “KPMG was tagged in a post,” and this was the post : I had no idea this was a thing. Someone in the comment section said the commercial was on KPMG US’s YouTube channel , so I went there, and sure enough, there are a series of three “Reconnect with KPMG” ads. And I watched them.
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.
Understanding the basics of accounting is vital to any business’s success. Under the accrual basis of accounting, recording deferred revenues and expenses can help match income and expenses to when they are earned or incurred. This helps business owners more accurately evaluate the income statement and understand the profitability of an accounting period.
Have you ever heard the phrase, what keeps you up at night? If you’re a healthcare executive, there is an ever-growing list of challenges, including patient care, staffing, technology and equipment, facilities, and pandemics. And those are just the primary concerns. This leaves little room to be consistently overburdened with extra administrative oversight of internal processes, applications, IT infrastructure, and vendors.
Just spitballin’ here but I think getting fired from a Big 4 firm and no longer doing a job he hated worked out pretty well for the star of Marvel’s Shang-Chi and the Legend of the Ten Rings. Here is what Simu Liu posted on Instagram today: So is now-retired Deloitte partner Paul Gibbons the real superhero here? Related articles: Even a Marvel Superhero Knows How Horrible Working at a Big 4 Firm Can Be.
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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