TaxConnex

JANUARY 30, 2025

AI and automation are all the rage, but does it have a place in your sales tax compliance process? Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution. If so, where?

Sales

TaxConnex

NOVEMBER 7, 2024

Assessing a company’s sales tax risk and exposure starts (and maybe ends) with the right questions. As we saw in a previous blog, these questions cover a range of topics and hinge on knowing many sales tax terms. Are you comfortable with your sales tax nexus footprint? Did your e-commerce sales increase this year?

Sales

TaxConnex

JULY 3, 2025

This means new manufacturers of all sizes, from those who market directly to consumers to those who supply those manufacturers with equipment and raw materials, are likely to soon see more sales coast to coast. And we all know what more domestic sales mean: more sales tax obligations. What do manufacturers have to watch for?

Manufacturing

TaxConnex

JUNE 24, 2025

With these changes in mind, it's important to consider how using a payment platform impacts the collection of sales tax. sales taxes? Stripe also does offer some services and a ton of information on sales tax obligations, seemingly to inform sellers as much as possible without actually filing for them. and international sales.

Sales

CPA Practice

OCTOBER 31, 2024

tax professionals responsible for managing sales tax obligations for independent retailers reveals that 97% of respondents say they have automated or plan to automate their sales tax compliance process. Other key challenges include managing sales tax exemptions (17%), calculating correct tax rates (15%), and filing taxes on time (12%).

Sales

TaxConnex

AUGUST 7, 2025

Sales tax compliance is one of the most underestimated risk areas for growing businesses. Your First Line of Defense - Documentation Keeping complete and accurate sales tax records is one of the most effective ways to make an audit go smoothly. The rules are complex, vary by state, and change over time. But at what cost?

audit

TaxConnex

JANUARY 14, 2025

Canadian eCommerce companies used to the simplicity of most nations sales tax systems (including, to a degree, their own) could be in for a shock when they try to sell online to customers in the United States. As in Canada, for instance, sales tax in the U.S. has no national sales tax. Similar but more complicated U.S.

Sales

CPA Practice

NOVEMBER 12, 2024

In this webinar, you’ll learn how to: Leverage tech solutions to grow your sales tax practice : Explore the tools that can help you automate sales tax compliance and enhance your service offerings. We live and breathe sales tax and license compliance. Plus, earn CPE credit!

Technology

CPA Practice

JUNE 30, 2025

OBannon The Sales Tax Sisters, Mary Thomas (Attorney and CPA) and Stephanie Thomas (CPA), are excited to announce their partnership with Roundtable Labs to launch The Sales Tax Hive , a new roundtable community designed exclusively for bookkeepers, accountants, and finance professionals navigating the complexities of sales and use tax.

bookkeeping

TaxConnex

JANUARY 21, 2025

An exemption certificate is one of the most useful tools that your online company has for sales tax. This little piece of paper is used to exempt an otherwise taxable transaction from sales tax. The purchaser has the responsibility for determining whether a sale is exempt from tax. Step by step Learn who might be exempt.

Non-Profits

CPA Practice

JULY 28, 2025

OBannon In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024 – as many local governments continue to grapple with the state of the economy and generating revenue. Rates and Rules Report from Vertex Inc. , a provider of indirect tax solutions.

Sales

FraudFiles

JULY 1, 2025

But Tracy Coenen has some techniques she uses to try to uncover unreported cash sales. How do you investigate fraud in a cash business? It is difficult because cash leaves no paper trail. She gives examples including restaurants and laundromats.

Sales

ThomsonReuters

OCTOBER 24, 2024

A sample Advisory Map on Checkpoint showing the overview for using an installment sale to defer payment of tax. To further illustrate, consider the following example: a firm is advising the client on an installment sale to defer payment of tax. If applicable, elect out of installment sale treatment.

Maine

CPA Practice

AUGUST 1, 2025

Scrutiny on early-stage and other smaller businesses engaging in a sale process is intensifying as VC, PE, and strategic buyers seek quality in a volatile economic landscape. Depending on the nature of such assets and liabilities, they may or may not be recorded at fair value on the seller’s balance sheet. pre- and post-transaction).

Sales

CPA Practice

OCTOBER 22, 2024

Top 10 accounting firm Forvis Mazars has launched SALT Explorer, a sales and use tax estimation platform for its construction industry clients navigating their state and local tax (SALT) challenges.

Sales

Acterys

OCTOBER 20, 2024

During the cash flow forecasting process, you’ll want to evaluate these three sections of the statement: Cash flows from operating activities: This section shows inflows and outflows related to the company’s primary business operations, such as revenue generated from sales and expenses incurred due to production, employee salaries or tax payments.

financial statements

Accounting Seed

NOVEMBER 15, 2024

This divide causes your data to be disconnected and means sales opportunities and financial transactions must either be manually copied or moved through third-party tools to register on your accounting platform, often resulting in integration breaks and syncing delays. In effect, this means everyone is literally working off the same data set.

Technology

TaxConnex

JANUARY 16, 2025

Whats working for and against your company as you work to find the folks to help with your sales tax compliance? And in this TaxConnex survey of financial professionals, it showed that more than three out of five struggle to attract and retain staff with sales tax expertise. First, realize that youre not alone.

accounting and finance

Accounting Seed

JANUARY 9, 2025

By integrating financial services like payments, invoicing, and cash flow forecasting directly into software platforms, companies can reduce friction and improve collaboration between accounting, operations, and sales teams. What should you do now? These trends arent just shaping the futuretheyre already here.

Technology

CPA Practice

NOVEMBER 6, 2024

Recorded conversations quoted in court documents illustrate his sales pitch. “I Prosecutors said Lewis sold units in illegal tax shelters created by others, with clients claiming almost $14 million in deductions. I think this thing is the best safe tax savings tool I have seen in a long time; probably ever.

CPA

Withum

NOVEMBER 25, 2024

Bottom-up forecasts begin with the minor components of the forecast and build from there, such as several units you expect to sell for each product/service multiplied by the sale or cost price of the product/service to arrive at your sales and cost of sales forecasted amounts.

financial statements

CPA Practice

OCTOBER 15, 2024

This tends to be the case in departments like sales or marketing, but not in areas like accounting, HR, or operations. As teams grow, the straightforward solution might seem to be adding more staff. But do companies typically increase headcount in proportion to revenue growth?

Technology

CPA Practice

NOVEMBER 7, 2024

Guide Clients in Conducting a Year-End Bad Debt Analysis Conducting a thorough bad debt analysis is necessary as it provides a clearer financial picture and empowers clients to make more informed decisions regarding budget allocation, credit policies, and sales strategies.

cpas

CPA Practice

OCTOBER 21, 2024

As an end-to-end compliance platform, AvaTax offers businesses a singular solution for managing both sales and purchases, consolidating their tax compliance efforts into one efficient system,” said Jayme Fishman, Chief Strategy and Product Officer at Avalara. AvaTax for Accounts Payable helps companies avoid these risks.

accounts payable

Nancy McClelland, LLC

NOVEMBER 27, 2024

The only other sale they traditionally offer is Groundhog Day, and I don’t think it’s quite this good, so just go for it. link] Royalwise Black Friday Sale * — 25% off sitewide! One of my favorite conferences, and the only “must go” for bookkeepers, imo.

bookkeeping

Shay CPA

MAY 21, 2025

Key Expense Categories Customer Acquisition Cost (CAC): Includes marketing and sales expenses related to acquiring new customers. Sales Tax and VAT SaaS companies need to comply with sales tax and value-added tax (VAT) regulations, which vary by country and state.

bookkeeping

Withum

DECEMBER 9, 2024

Phase 1 focused on implementing Sage Intacct to improve core financial processes, and Phase 2 integrated their point-of-sale system with Intacct for seamless operations. Phase 2: Dutchie One Direction Integration Phase 2’s primary objective was integrating Sage Intacct with the Dutchie point of sale (POS) system.

quickbooks

Basis 365

DECEMBER 26, 2024

These costs do not fluctuate (at least in the short term) when your sales or production levels change. Variable Costs Variable costs, on the other hand, fluctuate based on your output or sales volume. When you run projections, you can map your variable costs to expected sales volume or activity.

Sales

inDinero Tax Tips

DECEMBER 12, 2024

When accountants build cash flow statements, they break them into three sections: Operational: Funds from core business activities, such as sales, marketing, and overhead. After investing in employees, startup wisdom often diverges into two camps: improve your product or spend more on sales and marketing.

accounts payable

CPA Practice

OCTOBER 22, 2024

Houts is a seasoned delivery and sales leader with a proven track record of driving substantial revenue growth and optimizing strategies across diverse sectors. Houts has successfully led organizations in navigating complex market landscapes and achieving revenue increases.

accounting and finance

Accounting Seed

AUGUST 5, 2025

Our accounting software is built natively on Salesforce—meaning there is no integration required to sync sales and accounting information. What you need for AP automation to deliver top value For AP automation to work as it should and deliver the most value, all components of your financial workflow need to exist in the same platform.

AP Automation

Basis 365

JANUARY 14, 2025

This will require collaboration with multiple disciplines including your accounting, sales, and operations. By involving them early, youre not just preparing for due diligence; youre proactively enhancing the businesss appeal and mitigating risks, ultimately setting yourself up for a more lucrative and seamless sale.

bookkeeping

CPA Practice

DECEMBER 3, 2024

These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Since the firm’s founding in 1984, Summit Partners has invested in more than 550 companies in technology, healthcare and other growth industries. Summit maintains offices in North America and Europe.

Non-Profits