TaxConnex

MAY 10, 2022

Maryland held that a for-profit company’s purchases for non-profit hospitals were subject to the state’s sales and use tax because there was no agency relationship between the company and the hospitals and, even if an agency relationship existed, that alone would not entitle the for-profit company to an exemption.

Sales 242

Sales Mississippi Tax Non-Profits 242

TaxConnex

NOVEMBER 18, 2021

Most businesses don’t set out to be non-compliant with sales tax, or anything for that matter. Prior-period liability can be extremely costly as states and jurisdictions crack down on non-compliance. When filing these prior period returns, you will be assessed various penalties and interest as a result of non-compliance.

Sales 246

Sales Tax Non-Profits Start-ups 246

TaxConnex

JULY 5, 2022

companies sell profitably to the north? non-compliance?across Sure, if statistics are any indication Canada is the 10th-largest eCommerce market in the world estimated at 35 billion USD last year. Sounds enticing. What about the sales tax obligations? See our full blog on sales tax and selling into Canada here.). Contact us ?to

Sales 246

Sales Tax Non-Profits 246

Basis 365

NOVEMBER 26, 2024

If you’re looking to generate more profit to fund operating expenses, pay your team more, offer better benefits, and fuel growth—while still keeping more profit for yourself—it’s time to focus on key financial and pricing drivers. Here are actionable strategies to help you improve your gross profit margins and achieve your goals.

Non-Profits 59

Non-Profits Technology Tax tax planning 59

Xero

NOVEMBER 28, 2024

At Xeinadin Sittingbourne, our team of 30, mostly Xero-certified advisors, supports small and medium businesses across various industries, including construction, healthcare, and non-profits.

Non-Profits 83

Non-Profits bookkeeping Technology Healthcare 83

TaxConnex

AUGUST 26, 2021

Amazon’s net profit grew more than 80% in 2020. According to the National Retail Federation, non-store and online sales are expected to grow 18% to 23% this year over 2020. And here are some more numbers : E-retail totaled over $4.2 trillion in 2020. Cross-border e-commerce sales worldwide grew more than 20% in 2020.

E-commerce 246

E-commerce Sales Tax Missouri 246

TaxConnex

NOVEMBER 29, 2022

Tangible personal property (TPP) is generally taxable unless the specific type of TPP you sell is identified as non-taxable by statute or the client has a valid exemption certificate (see note below). For example, accepting a resale exemption certificate from a non-profit claiming an exemption might not be appropriate.

audit 262

audit auditor general ledger Non-Profits 262

CPA Practice

NOVEMBER 11, 2024

Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever. The trend: tech (both AI and non-AI) is taking the pain out of tax prep. Your firm can connect all types of standard and non-standard data sources! There is a lot of buzz about AI and the profession.

accounting firms 111

accounting firms Technology Account accountant 111

CPA Practice

NOVEMBER 19, 2024

The CMA demonstrates your talent for financial analysis, budgeting, profitability, risk management, and strategic planning. Earning Potential: Certified accounting and finance professionals typically earn more than their non-certified peers. Organizations value professionals who can wear multiple hats.

cma 122

cma CPA accounting and finance management accounting 122

TaxConnex

DECEMBER 2, 2021

An exemption could be related to the type of business that is buying the TPP – a non-profit or government entity in certain states for example. Sales of tangible personal property (TPP) are presumed taxable but certain exemptions can apply.

Manufacturing 245

Manufacturing Sales Tax Non-Profits 245

RogerRossmeisl

DECEMBER 28, 2020

Fraud perpetrators masquerading as non-profits usually find easy pickings. Know your non-profit The best and easiest way to avoid becoming a charity scam victim is to donate only to charities you already know and trust. Unfortunately, the holidays are the season for charity fraud. However, by doing.

Non-Profits 134

Non-Profits CPA 134

TaxConnex

SEPTEMBER 7, 2023

They also frequently sell TPP such as merchandise, memberships, books and so forth that for-profit companies generally have to charge and collect sales tax on. Are non-profits exempt from sales tax obligations? Minnesota exempts non-profits from collecting sales tax when the sales are for fundraising.

Sales 147

Sales Tax Non-Profits North Carolina 147

Anders CPA

FEBRUARY 28, 2025

To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

Withum

NOVEMBER 22, 2024

The subject matter experts based in the Boca Raton office (all local residents), provide comprehensive services to high-net-worth individuals , family offices , businesses , and non-profits in South Florida. Growing our presence in Boca Raton is a key milestone for Withum, reflecting our expanding client base in South Florida.

Florida 105

Florida Real Estate Non-Profits Healthcare 105

TaxConnex

MAY 26, 2022

An exemption could be related to the type of business that is buying the TPP – a non-profit or government entity in certain states for example. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations.

South Dakota 244

South Dakota Sales South Carolina Illinois 244

ThomsonReuters

OCTOBER 18, 2024

Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies.

Non-Profits 52

Non-Profits Legal financial statements tax return 52

Withum

FEBRUARY 10, 2025

Names and titles of principal officers, if any Entity number issued by the Pennsylvania Department of State Filing Details Fee: $7 for business corporations, LLCs, LPs, and LLPs; $0 for nonprofit corporations and any LPs or LLCs with a not-for-profit purpose.

Pennsylvania 59

Pennsylvania Non-Profits CPA Education 59

Reckon

FEBRUARY 20, 2025

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. Under the old way, if you returned $416 or less in taxable income, you retained the tax exemption status and provided a non-lodgement form to the ATO. What does self-review mean for Not For Profits?

Non-Profits 52

Non-Profits income tax Tax Government 52

CTP

JANUARY 22, 2025

If the LLC is taxed as a sole proprietorship and is just doing a profit and loss statement, the business may need an employable spouse or relative to qualify them for an HRA. Partnerships could also make this work if they have at least one W-2 employee who is a non-owner.

Tax 89

Tax Expense Reimbursements Non-Profits accounted 89

Withum

MAY 23, 2022

Upon conversion from a non-profit entity to a for-profit entity, which is a taxable transaction. This is typically used when the entity is not usually profitable and has little if any intangible assets. Litigation, which might include ownership disputes or matrimonial actions. Approaches Considered. Conclusion.

Non-Profits 128

Non-Profits Legal Tax Sales 128

Cherry Bekaert

NOVEMBER 1, 2024

The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.

Non-Profits 52

Non-Profits Technology audit accounting system 52

CPA Practice

APRIL 23, 2024

I announced the 2-in-2 compensation plan in January 2008, which would double every employee’s compensation in two years if we hit revenue and profit targets. Alternative Incentive Solutions I am a major fan of non-monetary incentives such as unique experiences or gifts with individual meaning.

Non-Profits 135

Non-Profits Oregon Healthcare Education 135

ThomsonReuters

NOVEMBER 25, 2024

Only by creating a thorough, transparent ESG compliance process can companies dedicated to ESG principles forge that essential bond of trust with stakeholders upon which sustainable profitability is built.

Government 99

Government Non-Profits Legal California 99

Withum

MARCH 2, 2024

In 2022, the National Small Business Association, an Ohio non-profit corporation, sued the US Treasury Department alleging the mandatory disclosure requirements exceed Congress’ authority under Article I of the Constitution and violate the First, Fourth, Fifth, Ninth, and Tenth Amendments.

Non-Profits 140

Non-Profits Ohio tax services Tax 140

SMBAccountant

JUNE 21, 2023

Income Statement: The income statement, also referred to as the profit and loss (P&L) statement, is a financial report that showcases a company's revenues, cost of goods sold, expenses, and gains and losses over a specific period. It focuses on the company's operational activities during that period and determines its profitability.

Non-Profits 130

Non-Profits accounting equation financial statements accounts payable 130

Intuitive Accountant

NOVEMBER 14, 2022

Day 2 of the webinar series kicks off with a panel discussion on profitable accounting miches in the construction, ecommerce and non-profit sectors. Sign up to join Greg Bossen, Kelly Gonsalves and Diane Gilson here.

Non-Profits 98

Non-Profits Construction accounted Account 98

ThomsonReuters

NOVEMBER 14, 2024

Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. AI-powered algorithms build upon historical data, as well as external and non-financial data, to construct predictive models.

accounting firms 52

accounting firms Account accountant accounted 52

CPA Practice

DECEMBER 3, 2024

Sage is working closely with customers to deliver on its vision to help organizations drive productivity, accuracy, and compliance, helping SMBs to focus on growth and profitability. Streamlined operations in these industries directly contribute to improved profitability and business growth.

general ledger 59

general ledger Non-Profits accounting and finance Finance 59

Cherry Bekaert

MAY 24, 2024

Host Kat Kizior , Senior Associate at Cherry Bekaert, is joined by special guest Robert Shea , CEO of GovNavigators, to discuss2 CFR 200 uniform guidance updates and how these changes will affect state and local governments, non-profits and public entities.

Non-Profits 105

Non-Profits Government 105

Basis 365

SEPTEMBER 14, 2022

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. For a service-based business to be profitable, it is essential to track time and invoicing accurately. These four accounting tips will increase your consulting company's profitability.

Non-Profits 98

Non-Profits bookkeeping accountant Account 98

CPA Practice

DECEMBER 2, 2024

corporations and redistributed more than $3 billion in products to non-profits and schools. . == Paula DeJayes is vice president of corporate relations of NAEIR (National Association for the Exchange of Industrial Resources), the nation’s largest in-kind donation organization.

Retail 52

Retail Non-Profits Illinois Tax 52

CPA Practice

JANUARY 18, 2023

ICPAS serves an extraordinary community of more than 22,600 accounting and finance professionals in a variety of CPA and non-CPA roles positioned throughout the public accounting, corporate finance, not-for-profit, consulting, education, and government sectors. Giving Back.

Illinois 125

Illinois CPA Non-Profits cpas 125

inDinero Accounting

OCTOBER 31, 2023

Our experts have extensive experience in the non-profit sector and are a more affordable option than a full-time employee or team. Not-for-profit organizations have a fiduciary responsibility to show their donors what their finances look like at the end of each fiscal year. Did your analysis reveal anything similar?

accrual accounting 104

accrual accounting Non-Profits accounting and finance financial statements 104

CPA Practice

SEPTEMBER 10, 2024

The annual Global Finance Trends survey conducted by consulting firm Protiviti finds that 61% of CFOs and finance leaders rate data security and privacy as a high priority in the coming year, followed by financial planning and profitability analysis and strategic planning.

Non-Profits 111

Non-Profits Technology Finance Government 111

Xero

JULY 31, 2024

“The whole point of Building Up is to connect people with barriers to employment to careers in construction,” explained Marc Soberano, founder of non-profit project Building Up. “We We’re really looking to grow, and as a non-profit, it’s not like you can go and easily get some equity to think about growth.”

Construction 87

Construction Non-Profits Finance 87

Accounting Insight

OCTOBER 17, 2024

Profit and Loss (P/L) Accounts In my early days as an accountant, I prepared a ‘profit and loss account’ for my clients, shortened to P/L account. This too is illogical because a company cannot have both a profit and a loss at the same time. Their accounts show either a profit or a loss. Profit is not income.

financial statements 105

financial statements Account accountant accounted 105

Withum

JULY 20, 2022

Conservation easements consist of a grant of an easement by a landowner to a qualified organization, typically a non-profit, in which the donor and recipient agree to permanently restrict the development and use of the donated land for the purpose of achieving conservation objectives. High Income Non-filers.

Tax 125

Tax Non-Profits tax return Government 125