Remove tag operations
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Putting a Price Tag on Intangible Assets

RogerRossmeisl

Intangible assets — such as patents, copyrights and trademarks — are essential to the operations of many companies, but they’re rarely reported on the balance sheet. And even when they are reported due to an acquisition, book value is often based on historical cost under U.S. Generally Accepted Accounting Principles (GAAP).

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Professionals on the Move: Sept 2023

CPA Practice

TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.

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How a continuous close leads to more accurate forecasting, better time management, and more.

Airbase

That’s in contrast to a monthly close, where financial operations follow a rigid monthly calendar. Accounting information like categories and tags are also verified before spending takes place, reducing the need to resolve errors during the close. The impact of a rolling close on data integrity.

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How not to tank your sales tax audit (part 1)

TaxConnex

Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. Why would you get tagged for audit? If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Not expecting an audit.

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COUNTERPOINT: IRS Should Not Be Trusted With Direct File

CPA Practice

Adding a federally operated competitor to a market does not equate to providing or promoting competition, as some of its advocates have argued—not in any traditional usage. Despite its recent trendiness in certain circles, Direct File has little potential for good—and much for bad. Govini reported the Obamacare website cost taxpayers $20.2

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Virtual card payments and their benefits for accounts payable departments.

Airbase

In addition to eliminating data entry reconciliation errors, the request and approval process establishes categories and tags at the onset of a request, so managers can review and correct if necessary before the purchase. Virtual cards can play a crucial role in monitoring spend and preventing errors that could slow the month-end close.

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5 Tips to Minimize Risk Associated with Sales Tax Audits

TaxConnex

Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. Not expecting an audit – Why would you get tagged for audit? Yet, when asked if they’ve seen audits increased, they’ve continually said the amount of audits they’ve seen has remained the same (66%).

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