Sat.Apr 09, 2022 - Fri.Apr 15, 2022

Getting Sales Tax Registrations Right

TaxConnex

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.

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Gaining Control of Your Accounting Business

PANALITIX

RESOURCES / ARTICLES. Gaining Control of Your Accounting Business. One of our new clients is an Accounting Business located in South Carolina. The owner (let’s call her “Pam”) started the business 15 years ago and revenues have grown to $1 million per annum.

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Why Business Owners Should Develop the 'Startup Mindset'

GrowthForceBlog

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. Podcast Episodes

Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health.

The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

In this webinar Spencer Falbo, Principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes thereby making your job as an accountant more efficient.

What’s new for state sales and use taxes

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. Give us a break. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes.

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Avalara CRUSH Global 2022: The Future of Global Tax Compliance

CPA Practice

The Avalara CRUSH 2022 virtual conference will be held May 17–18, 2022, and is the sixth annual tax and technology event. For more information or to reserve your spot for Avalara CRUSH Global, visit AvalaraCRUSH.com. Events

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Future of Accounting: The 2022 Annual Guide

Ryan Lazanis

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. And to be clear, this is not a predictions post.

The Thing Workers Want Most Is Not Better Pay But Empathetic Employers Says Employer Unwilling to Pay You More

Going Concern

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.

How Paying Off Your Student Loans Could Increase Your Retirement Benefits

Withum

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.

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.

IRS Sending Letters Regarding Qualified Opportunity Funds

CPA Practice

Some taxpayers may need to take additional actions related to Qualified Opportunity Funds (QOFs). To address this, the IRS announced on April 12 that it is sending out letters to these taxpayers, who should receive them starting this month.

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Ethical Considerations for Tax Professionals: Determining Fees

CTP

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.

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Someone Is Not a Fan of KPMG’s New ‘Reconnect with KPMG’ Ad Campaign

Going Concern

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.

Congress Set to Replenish the Restaurant Revitalization Fund

Withum

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).

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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.

Remove Those Manual Processes with Business Management Software

AccountingDepartment

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! Small Business Advice and Tips client experience netsuite netsuite tips business tips business trends client accounting services

Small Business Accounting Software: A Skagit County Owner’s Guide

SkagitCountyTaxServices

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.

Simu Liu Thanks Deloitte Canada For Canning Him 10 Years Ago Today

Going Concern

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.

Remote Workers Suing Employers for Work-From-Home Expenses

CPA Practice

The legal disputes have arisen because very few employers adopted clear policies about reimbursing workers for work-related expenses at home, according to academics and legal experts. Payroll

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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.

3 Ideas to Solve Your Least Scalable Service Offering

Ryan Lazanis

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.

They’ve Got Mail: IRS Suspends Mailing Notices Until After It Opens Its Own Mail

Withum

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 Fortune 100 Best Companies to Work For: RSM US #40 (2022)

Going Concern

When it comes to the Fortune BCTWF, gone are the days of the Big 4 firms being ranked among, say, the top 50 companies and then you have a midtier public accounting firm or two ranked somewhere between Nos. 51 and 100.

When the IRS Charges Late-Payment Penalties

Accounting Web

Individuals When the IRS Charges Late-Payment Penalties

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.

Know What The Future Holds with Cash Flow Forecasting

AccountingDepartment

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.

When Your Business Needs Another You: Three Tips for Finding and Hiring the Right People

CPA Practice

With the current hot job market and low unemployment rate, what I’m talking about may be easier said than done. That doesn’t mean it’s impossible though! Here are five tips from my decades of firsthand experience plus the experiences of. Payroll

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Preventing Fraud In A Nonprofit

GrowthForceBlog

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. Nonprofit Accounting & Reporting

A Tax Checklist All Small Business Clients Need

Accounting Web

Clients A Tax Checklist All Small Business Clients Need

Happily Ever After: Core Guiding Principles to Achieving a Fairy Tale Month-End Close

Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough for month-end close best practices. It requires discipline, teamwork, and the right tools. All of this is within reach. Discover how your organization can achieve a Happily Ever After close.

Can Employers Pay Wages in Cryptocurrency?

ThomsonReuters

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.

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Obtaining an Extension to File Your Tax Return

Withum

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 Definitive Accounting Workflow Guide

Ryan Lazanis

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?