May, 2022

Lockstep® Announces World’s First Shared Inbox Designed for Accounting


Patent-pending Email and Accounting Software Integration Revolutionizes and Streamlines Payments and Month-end Closing Workflows.

5 Crucial Pieces of Your Sales Tax Compliance Filing Process


Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process.

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How Cash Flow Statements Help Experts Find Fraud


Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements.

Senate bill would deny tax breaks to cos. operating in Russia

Accounting Today

Corporate taxes International taxes Tax Ron Wyden Tax breaks

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.

Critical Series A Finance Metrics for SaaS Startups


SaaS startups need strong metrics for Series A funding that demonstrate traction, growth, profitability, and efficiency. The post Critical Series A Finance Metrics for SaaS Startups appeared first on Burkland. CFO Insights Financial Modeling Fundraising SaaS

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Three More Ways to Reduce Your Outstanding Accounts Receivable


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.

Top Reasons to Change an Outsourced Sales Tax Provider


F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship.

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What to Do When Your Identity is Used to File a Fraudulent Tax Return


In Fact Sheet 2022-25, the IRS has provided information about how taxpayers should handle non-tax and tax-related identity theft. When a taxpayer believes their personal information is being used to file fraudulent tax returns, they should submit a Form 14039, Identity Theft Affidavit, to the IRS.

Deloitte opens DEI Institute

Accounting Today

Diversity and equality Practice management Deloitte Recruiting

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.

Financial Benchmarks for SaaS Startups, a Self-Assessment Tool


One of the most frequent questions Burkland CFOs receive from our SaaS startup clients and their investors is, “how do we compare to other SaaS startups?” ” It is a good Read More. The post Financial Benchmarks for SaaS Startups, a Self-Assessment Tool appeared first on Burkland.

Debits and Credits 101: Definitions & Example

Patriot Software

In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, you need to learn and understand the difference between a credit vs. debit. Otherwise, your books will wind up unbalanced and sloppy (and no business owner wants that!).

What is Lockstep® Inbox?


Lockstep is pleased to announce our latest offering, Lockstep® Inbox. Revolutionizing accounting, Lockstep Inbox creates an shared inbox where accounting teams professionals can work better with customers and vendors.

What’s new: state sales and use taxes


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. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. Alabama ?has

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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.

Tax Rules of Renting out a Vacation Property


Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use.

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KPMG urges audit committees to be more active in cybersecurity

Accounting Today

Audit Cyber security Technology KPMG

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How Much Money Should My Startup Raise at Series A?


Raise enough money to cover 18-24 months of runway based on your growth plans after the round while preserving as much equity as possible. The post How Much Money Should My Startup Raise at Series A? appeared first on Burkland. Accounting CFO Insights Financial Modeling Fundraising SaaS

What Is Compensation? | Employer Guide

Patriot Software

If you have employees, you need to compensate them. So, you set an hourly rate or salary. But, you might also give other types of wages to your employees. And if you do, you need to know if those other wages count as compensation.

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.

National Accounting Day 2022


This week, we are celebrating the success of our wonderful customers, because accounting teams are the backbone of every business. Even more so, without the organization and fortitude of the accounts receivable (AR) teams, cash flow would be a “cash trickle.” .

5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance


You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors.

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Ways Your Business Can Accelerate Taxable Income and Defer Deductions?


Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates.

IRS destroyed 30M paper information returns due to backlog

Accounting Today

E-filing Tax returns TIGTA IRS Tax

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.

Why you shouldn’t miss this year’s biggest accounting industry event!

Accounting Insight

After two years of cancelled, postponed and virtual events, like everyone else, we are thrilled that in-person exhibitions and trade shows are back this summer.

Anders Named Finalist for the St. Louis Business Journal’s 2022 Corporate Philanthropy Award

Anders CPA

??????? ???????Anders has been named a finalist for the 2022 Corporate Philanthropy & Innovation in Philanthropy Awards in the Midsize Company category by the St. Louis Business Journal.

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Transitioning To Employee Ownership: FREE On-Demand Webinar

Nancy McClelland, LLC

Yesterday I attended an excellent webinar on how two different small business owners transitioned ownership to their employees — one using an ESOP and one using a Worker Co-op structure.

States with local economic nexus - a review


Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them.

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Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!

Looking Beyond the Financials for Clues to a Business’s Value


An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value.

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Tax investigators identify potential $1B crypto Ponzi scheme

Accounting Today

Tax crimes International taxes IRS Tax Cryptocurrencies

Report: IRS Destroyed 30 Million Paper Tax Documents

CPA Practice

An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that the Internal Revenue Service made an intentional decision "to destroy an estimated 30 million paper-filed information return documents in March 2021.".

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